Primary Concepts Of Motivation Defining And Recognition...

PRIMARY CONCEPTS OF MOTIVATION 3 Primary Concepts of Motivation: Defining and Recognition of Motivational Awareness There have been numerous books, articles and studies regarding the subject of motivation. What motivates and individual? What motivates you? A focus on benefits and rewards has been suggested to motivate as well as setting up rules and guidelines for success. What if that is not what motivates an individual? In his book Drive, Daniel H. Pink (2009) discusses a wide range of concepts and suggests that the real motivation comes from within ourselves, and by developing the individual we become happier, increase our performance and†¦show more content†¦I enjoy the flexibility and freedom to create my own hours, work when my children are in school, and still feel like I am productive and contributing to our home. The creativity level increases because there is not the pressure of a time clock or repercussions for wanting to attend a sporting event for my children. Autonomy is further defined in chapter 4 of Drive (2009) â€Å"autonomous motivation promotes greater conc eptual understanding, better grades, enhanced persistence at school and in sporting activities, high productivity, less burnout and greater levels of psychological well-being.† An effective example of this is the company Zappos. An engaging short video on the company and what they believe is the reason for their success, crediting their core values and company culture is a prime example of autonomy in the workplace. (xander9xx, 2011) Freedom, flexibility, and adding the weirdness all are basis for the success of their company. Mastery is another intrinsic motivating concept. The internal need to set and achieve a goal, to focus on a challenge that will improve you as an individual, and the desire to perform better and more effectively is a compelling part of an individual. Robbins, Judge (2016) â€Å"In general, specific goals produce a higher level of output than the generalized goal ‘do your best’.† (p.112) At the beginning of the season,Show MoreRelate dEffective Use Of Motivation Within The Construction Industry Essay3322 Words   |  14 Pages Major Project Proposal Title: â€Å"The Effective Use Of Motivation within the Construction Industry† 1.0 Background to the study Workers in any institution around the world, just as any other human, work better in environments that are suitable for them. 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The structure of this study has been divided into five following chapters, the first one is made ofRead MoreQuestions On Leadership And Organizational Behavior1902 Words   |  8 Pagesleadership and organizational behavior based on my professional experiences and formal education. Coming from an accounting-focused undergraduate program, I took only a foundational course in the area of management, which examined various management concepts and lacked a true focus in the area of leadership. My professional experiences have helped me identify what characteristics are necessary for a leader to truly develop and guide organizational behavior. This course has allowed me to further developRead MoreEthos of Self Care Essays3173 Words   |  13 PagesThe aim of this assignment is to explore and show an understanding of the ethos of self care whilst highlighting the ways in which the current health service is being re-orientated to incorporate this concept within patient care practices. 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One elementRead MoreHuman Resource Management11121 Words   |  45 Pages----------------------------------------- 21-22 2.18 Role of motivation in managing performance ------------------------------------ 22-24 2.19 Benefits of an effectively implemented PM system ----------------------------- 24 Chapter three Analysis and Discussion 3.1 Role of line manager in Performance Management ------------------------------ 25-27 3.2 Reasons of why line managers not playing their role effectively ------------- 27-28 3.3 Concept of fairness in Performance Management --------------------------------Read MoreMCMULLEN SHEPHERD Entrepreneurial Act13331 Words   |  54 Pagesdistinguishable from those who do not owing to differences in motivation, attitude, or risk propensity (e.g., Douglas Shepherd, 2000; Knight, 1921; Schumpeter, 1934). In this scenario, an unwillingness to bear uncertainty is deemed responsible for preventing prospective entrepreneurs from engaging in entrepreneurial action. Because an individual must ultimately act to become an entrepreneur, and because action involves knowledge and motivation (Higgins Kruglanski, 2000), we propose that each streamRead MoreConsumer Behavior Essay15664 Words   |  63 Pages------------------------------------------------- Question Q1. (a) What is the difference between primary and secondary research? Under what circumstances might the availability of secondary data make primary research unnecessary? Q1. (b) What is opinion leadership? Q2. (a) What are the strengths and weaknesses of motivational research? Q2. (b) What is social class? Q3. (a) What is the relationship between Brand loyalty and brand equity? What role do concepts play in the development of marketing strategies? Q3. (b) Sony is

Global Warming And Its Effects - 880 Words

Ever since the 1980’s Global Warming has been an intriguing topic among citizens, scientists and government officials. It’s ironic to think that only years earlier in the 1970’s the phenomenon was global cooling, now on a dime it suddenly shifted from intense glaciation to excessive carbon dioxide emissions that raise the temperature of the planet. A large number of influential scientists and engineers do not agree that drastic actions on global warming are necessary. This is simply just another bizarre fad that will soon fade due to wishy washy scientific theorems and emphasized social agendas. With the use of basic science and logic the idea of Global Warming can be dismantled and proven to be illegitimate and a hoax. Now a days global warming is the spook, with its melting glaciers, inundated cities, and the gulf stream reversing course. But one should wonder if even the enviro can keep on fomenting the scare much longer. It has been based on little more than extrapolated temperatures and deceptive charts. But when the government finds and opportunity to frighten the nation with illegitimacy, it gives them reason to greedily suck on the tax payers teat until they sore and chapped nipples. Republican Lenar Whitney, a Louisiana state representative states, â€Å"Energy security is real, global warming is not. It is merely a strategy designed to give more power to the executive branch while increasing taxes in a progressive stream to regulate every aspect of AmericanShow MoreRelatedGlobal Warming And Its Effects985 Words   |  4 PagesEnvironmental Science Professor Mahoney 11/11/14 Global Warming Over the last few decades global warming has become one of the biggest environmental issues of all times. Every year, global warming gets worse and it’s affecting the way people live, it is affecting the atmosphere in general, and other living organisms in our planet. Global warming is the gradual and increasing rise of the overall temperature of the Earth caused by the greenhouse effect due to the increased levels of carbon dioxide andRead MoreGlobal Warming And Its Effects Essay1040 Words   |  5 PagesGlobal warming is directly causing the rise in temperature of the Earth. The melting of the polar ice caps causes some of the most pressing issues including the endangerment of species indigenous to this region and the rise of ocean levels. Global Warming Global warming is the steady rise of temperature of the Earth’s surface. What exactly causes global warming? Numerous sources fuel global warming, such as deforestation, permafrost, and even sunspots. Obviously, many factors contribute to thisRead MoreGlobal Warming And Its Effects1331 Words   |  6 PagesGlobal Warming Global warming is the causation of the Glaciers melting, sea levels rising, cloud forests drying, and wildlife struggles today. Humans are making this possible because of their release of heat-trapping gasses known as greenhouse gasses by their modern devices. Global warming is the abnormal speedy increase in the Earth’s average surface temperature. It is believed that this is due to the greenhouse gasses that people release into the atmosphere by burning fossil fuels.The greenhouseRead MoreGlobal Warming And Its Effects976 Words   |  4 PagesAs global warming, we understand that is the rise in the average temperature of Earth’s atmosphere and oceans. It has been an immense concerning all over the world for the past decades since the current cycle of global warming is changing the rhythms of climate that humans, animals and plants rely on. Scientists have studied the natural cycles and events that are known to influence the change in climate to discover what i s originating the current global warming. However, the amount and pattern ofRead MoreGlobal Warming And Its Effects1571 Words   |  7 PagesAs global issues today become increasingly controversial, many people are inclined to believe that Global Warming is an issue that can take a backseat to more significant issues that plague today’s society. The information presented throughout my research in regards to the rising sea levels and the melting of glaciers and ice shelves, highly indicates that it cannot. What many Americans fail to realize is that if sea levels continue to rise due to Global Warming, then more than half of LouisianaRead MoreGlobal Warming And Its Effects1544 Words   |  7 PagesGlobal warming is one of the vigorously discussed topic on Earth today. 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Regulations of Conceptual Framework

Question: Discuss about the Regulations of Conceptual Framework. Answer: Introduction The following report aims to present the evaluation and analysis of annual reports of the two organizations registered in Australia. To present the analysis of conceptual framework and AASB standard based on the recent years annual report two companies Volkswagen and 7- Eleven have been selected. The report covers the discussion on compliance of accounting conceptual framework, prudence level of reporting financial information and necessary disclosures to understand the true and fair view of the financial report. The study also highlights the prudence level by considering the disparity in Corporate Reporting for the selected companies. Identification of relevant accounting disclosures in the financial report have been chalked out by comparing and contrasting for the selected organization. Accordingly, necessary principles of conceptual framework and regulations of Australian Accounting Standards Board (AASB) have been considered to critically analyze the annual reports. Background of the companies Volkswagen is a public company founded in the year 1937 by German Labor Front that is a public company and based in the automotive industry. The company serves its business activities across the globe for automobile products whose key person is Matthias Muller, CEO of the company (Volkswagen 2017). During the current year, the production output of the organization was 10.17 million units while total revenue amounted to $244.98 billion and profitability amounted to $13.39 billion, being the largest automaker group across the world. It has been observed that the company has total assets valued at $424.98 billion with the employed number of employees of around 610,000 (Volkswagen 2017). On the contrary, 7- Eleven based on retailing industry serves several parts of the world as an international chain of convenience stores. At present the company serves and operates in 18 countries having around 56, 600 stores while the company was founded in the year 1927 with its first outlet named Totem Stores (7-eleven.com 2017). The organization conducts the business in trading several products including soft drinks, beverage and other food products having total number of employees around 45,000 as per the current records. As per the current records, net profit of the company reflected equivalent amount of $12.89 million while total revenue during the recent year equivalent amount to $13.22 million (7-eleven.com 2017). Compliance of conceptual framework and AASB standard requirements Conceptual framework is an analytical model involving various variations and regulations to recognize and represent organizational financial information. In case the companies are registered in Australia, the management is required to follow the conceptual framework as per the regulations of AASB to determine the use of financial report in terms of nature, time and extent of financial information (Soltani and Maupetit 2015, pp.259-284). The conceptual framework principle requires the organizations to prepare financial statements based on the prudence and accrual basis for recording incomes and expenditures. It is important to recognize assets and liabilities as per conceptual framework to collect relevant information to obtain true and fair view of the organizational performance and financial position (Iliev et al. 2015, pp.2167-2202). In view of Volkswagens annual report, it has been analyzed that the company complied the requirements on accrual and going concern basis to prepare the financial statements that reflects the increase in earnings. It has been evaluated that the organization reported its sales revenue according to the business group before and after tax resulting in net profit available to the investors. Additionally, the company recorded the revenue income as per the prudence and accrual basis as well as based on the consolidated accounting standards reflecting $224 billion (Volkswagen 2017). Similarly, expenses of the company including other financial charges have been recognized in the income statements as per the payments while outstanding dues have been recognized in the statement of financial position (Volkswagen 2017). For example, financial charges paid have been recognized in the income statement whereas financial and other liabilities have been recorded in the financial position statement as current liabilities (refer appendix 1 and 2). As the key characteristics of the conceptual framework is providing relevance, reliable and prudent understanding on the financial performance on the companys business function, Volkswagen followed such principles. 7- Eleven organization presented all the relevant information and disclosures for the benefit of the stakeholders to provide them useful information along with the reliable and material financial information (7-eleven.com 2017). The organization also followed the principle of prudence while recognizing incomes and expenses as the incomes are not overstated or expenses are not understated to avoid the reflection of unrealistic profitability (refer appendix 3). Apart from that, Volkswagen and 7- Eleven recognized the financial information of the subsidiary companies by translating the foreign exchange transactions into local currency for presenting better understanding to the users (7-eleven.com 2017). It has been observed that the company presented relevant disclosures on m aterial future events as per the estimates along with the segment reporting as per AASB that represents compliance of accounting conceptual framework (refer appendix 4). Prudence level addressing the disparity in Corporate Reporting As mentioned above, prudence level under conceptual framework requires the organization to prepare and present the financial estimates with the reasonable estimates for incomes, expenses, profits and losses (Bushee, Carter and Gerakos 2013, pp.123-149). Besides, corporate reporting requires the organization for recognizing and disclosure of relevant financial information in terms of integrated reporting, corporate governance, financial reporting and corporate responsibility statement. It is essential for the organizational management to record the financial information to reflect transparent and accountable results for the benefit of users following the requirements of GAAP and International Accounting Standards (Barth 2015, pp.499-510). In order to present the corporate governance report, company is required to consider directors contribution, managements effective performance on the business activities and confirmation on compliance of necessary regulations. The corporate governance report discloses the relationship strength with the customers, community and stakeholders of the company (Zhang and Andrew 2014, pp.17-26). Consequently, Volkswagens corporate governance statement presents the number of shareholding information, group management report stating key figures of the companys share, compliance of corporate ethics, confirmation and statement of co-operation of the management board and supervisory board (refer appendix 5). Similarly, corporate governance statement of 7- Eleven presents the board charter, code of ethics followed, compliance of regulations to maintain sustainability, responsibilities and performance of the board and remuneration committee along with the details of composition. The statement of t he organization also represents principles on reinforcing independence, commitment on fostering including details and responsibilities of key personnel and board members of the company (Wang 2014, pp.955-992). 7- Eleven disclosed managing risks, financial reporting integrity and other relevant disclosures stating the responsibility of the organizational board to present the financial results in true and fair view (7-eleven.com 2017). Further, framework on internal control for planning and monitoring on the necessary financial budget, business strategies, safeguarding of assets that were insured against the probable loss from natural calamities, theft or any other substantial loss has been disclosed (refer appendix 6). Moreover, conceptual framework compliance is required to be revised in each reporting year to present the provisional expenses or losses. The statement is required to be prepared stating the consideration of standard rates and limits in recognizing the value of provision on the basis of organizations income benchmark to reduce the corporate reporting disparity (Albu, Albu and Alexander 2013, pp.61-90). In view of the annual report of Volkswagen, reported provisions have been estimated for the benefit of employees, insurance and restricting based on the annual leave and long service leave for 12 months along with the standard discounting rates. Moreover, financial report of 7- Eleven states the estimation of provisions has been done on the basis of service amounts of the employees in terms of cost rate and reporting date (7-eleven.com 2017). On the other hand, lease provisions have been recognized on the basis of future inflation, investment return and administration claim (refer appe ndix 7 and 8). Identification of differences in disclosures of the corporation It has been analyzed that the recognition and presentation of financial information of both the companies i.e. Volkswagen and 7- Eleven are in compliance with the conceptual framework and AASB standards. However, certain distinctions have been identified in the financial report of both the companies with respect to reporting the incomes, expenses, assets and liabilities along with the relevant disclosures. The financial report of Volkswagen provides statement on business risk whereas 7- Eleven has not presented such report in its recent annual report. In addition, financial report of Volkswagen Company, statement of shares and bonds, business operation results and statement of financial position valuing net assets has been presented in details (7-eleven.com 2017). On the contrary, 7- Eleven presents detailed statement on corporate and business structure, financial summary of the business group along with the list of properties and compliance information. The financial report of Volks wagen provides information and understanding on the capital management plans and rollout space. Similarly, the company used the estimates and judgments to value incomes, expenses, liabilities and assets based on the historical records and current economy conditions. However, 7- Eleven measured and recognized financial information based on the future events estimates and judgments to value inventories, fixed assets, provisions and other liabilities (7-eleven.com 2017). It has been identified that Volkswagen presented the annual report by disclosing capital management, funding activities for repayments and borrowing proceeds along with the details on acquisition or discontinued operations (Volkswagen 2017). On the contrary, such information is not present in the financial report of 7- Eleven to provide clear understanding on the companys ability to manage funds and resources required to maximize the business profitability and sustainability. Further, disclosure of segmentation reporti ng of the organizations is different which is based on the operating and geographical segment for Volkswagen whereas 7- Eleven presented financial result based on different store locations (Volkswagen 2017). For presenting the value of dividend, Volkswagen reported financial charges in the income statement based on the franked credit while 7- Eleven reported the same on the basis of interim and final dividend. Recommendation Considering the evaluation and critical analysis on recognition and presentation of financial report of the selected companies Volkswagen and 7- eleven registered in Australia, it is recommended that the management should provide complete and appropriate disclosures. it has been noted that the organizations have complied the regulations of AASB standards and conceptual framework but the companies are suggested to follow reporting format as per the benchmark provided by the Board of Accounting. Certain financial information and business information material to the performance of the company has been presented by Volkswagen but missing in the annual report of 7- Eleven. Hence, management of 7- Eleven is recommended to provide clear and separate information on material business risk, capital management plans, strategic plan and information on borrowing funds. In addition, Volkswagen presented the estimates and judgments based on historical records that may not disclose fair and accurate valuation with respect to inflation or other economic changes. Hence, the company is suggested to consider the estimates based on future events to determine the value of necessary assets and liabilities and provisions. Conclusion In view of the above discussion on compliance of conceptual framework and AASB regulations for presenting the annual report of the companies, it is concluded that both the companies duly complied the requirements. Volkswagen and 7- Eleven represented the financial report mentioning the relevant disclosures and followed appropriate methods to value inventories, fixed assets and other liabilities. It has been noted that both the companies prepared and presented corporate governance and corporate social responsibility statement to ensure the responsibilities and performance of the management and key personnel towards the benefit of stakeholders and community. The companies recognized the financial information stating true and fair view along with the compliance of conceptual framework principles to ensure the going concern and prudence level of the business activities. Even though there are certain differences in presenting and recognizing financial information in the annual report of t he companies, it has been analyzed that there was no material misstatements or non- compliance of GAAP or AASB principles. Moreover, certain changes in the presentation and disclosure of financial information would provide better and clear understanding on organizational performance to the users. Reference List: 7-eleven.com. 2017. 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The impact of national GAAP and accounting traditions on IFRS policy selection: evidence from Germany and the UK.Journal of International Accounting, Auditing and Taxation,22(1), pp.39-56. Hanson, S.G., Shleifer, A., Stein, J.C. and Vishny, R.W., 2015. Banks as patient fixed-income investors.Journal of Financial economics,117(3), pp.449-469. Haupt, M. and Ismer, R., 2013. The EU Emissions Trading System under IFRSTowards a True and Fair View.Accounting in Europe,10(1), pp.71-97. Iliev, P., Lins, K.V., Miller, D.P. and Roth, L., 2015. Shareholder voting and corporate governance around the world.Review of Financial Studies,28(8), pp.2167-2202. Jones, J.S., Lee, W.Y. and Yeager, T.J., 2013. Valuation and systemic risk consequences of bank opacity.Journal of Banking Finance,37(3), pp.693-706. O'Dwyer, B. and Unerman, J., 2016. Fostering rigour in accounting for social sustainability.Accounting, Organizations and Society,49, pp.32-40. Soltani, B. and Maupetit, C., 2015. 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