The operations and business model of McDonalds

The operations and business model of McDonalds Mission McDonalds brand mission is to be our customers favorite place and way to eat. Our worldwide operations have been aligned around a global strategy called the Plan to Win centering on the five basics of an exceptional customer experience People, Products, Place, Price and Promotion. We are committed to improving our operations and enhancing our customers experience. This is from http://www.aboutmcdonalds.com/mcd/our_company/mcd_faq/student_research.html?DCSext.destination=http://www.aboutmcdonalds.com/mcd/our_company/mcd_faq/student_research.html#13 Vision We envision a supply chain that profitably yields high-quality, safe products without supply interruption while leveraging our leadership position to create a net benefit by improving ethical, environmental and economic outcomes. Ethical We envision purchasing from suppliers who follow practices that ensure the health and safety of their employees and the welfare and humane treatment of animals in our supply chain. Environmental We envision influencing the sourcing of our materials and ensuring the design of our products, their manufacture, distribution and use minimize lifecycle impacts on the environment. Economic We envision delivering affordable food, engaging in equitable trade practices, limiting the spread of agricultural diseases, and positively impacting the communities where our suppliers operate. We view this vision and its responsibilities holistically. As sourcing decisions are made, we consider our priorities for food safety, quality and costs, as well as our ethical , environmental and economic responsibilities. Our progress on beef and coffee sustainability illustrate how we are working to bring this approach to life. This is from http://www.aboutmcdonalds.com/mcd/csr/report/sustainable_supply_chain/our_approach.html?DCSext.destination=http://www.aboutmcdonalds.com/mcd/csr/report/sustainable_supply_chain/our_approach.html Evaluation Blah,. Blah, blahà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦.. Operations and Business Model McDonalds is the worlds largest foodservice retailing chain. It operates approximately 32,000 restaurants in over 100 countries and is one of the worlds largest food service retailing chain, preparing, and serving a range of food products and beverages. All restaurants are operated either by the company or by franchisees, including conventional franchisees under franchise arrangements, and foreign affiliated markets and developmental licensees under license agreements. The companys business is divided into four geographic segments: Europe, the US, APMEA (Asia, Pacific, Middle East and Africa), and other countries and corporate. Other countries and corporate includes Canada and Latin America, as well as corporate activities and certain investments. McDonalds restaurants offer a standardized menu, although there may be geographic variations. McDonalds makes their revenues in three ways; Retail sales, Franchise fees and lease agreements for property they own (leasing the property back to the franchisee) I DONT KNOW WHERE THIS CAME FROMà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦..(I have this one Clint) This came from DataMonitor Company Profile retrieved 6/3/10 saved in the M Drive as McDonalds Company Profile Evaluation à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦The Ford paper was about this short with no moreà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦. Financial and Performance Evaluation Outperforms the industry in revenue and net income growth Higher profit margins than the industry and the SP. Liquidity within range of competitors Less levered than the rest of the industry Highly efficient in turning inventory Financials have been generally trending upward http://moneycentral.msn.com/investor/invsub/results/compare.asp?Symbol=US%3aMCD Evaluation The combination of high margins and efficient inventory turnover has allowed McDonalds to outperform the rest of the industry by almost all accounts. The low debt and high interest coverage indicates that the company should not have difficulty in meeting its obligations. As a result, McDonalds was issued a credit rating of AA- by Moodys, the highest credit rating ever given to a fast food restaurant (http://quicktake.morningstar.com/stocknet/san.aspx?id=325610). Same store revenues have been increasing quarter over quarter and year over year, assisted by strong sales in countries other than the US. Despite the recent recession, McDonalds has performed well and seems poised to capitalize on the opportunity. Macro Environment Key Trends Economy Global economic issues from the US stock market, to Greece, to Chinas economic slowdown Potential weak dollar/poor exchange rates Varied market conditions per country Technology Different cultures want different foods/ menus than U.S so must invest in RD Political/Legal Ever changing climates with 100 governments to deal with Varied laws (trade, finance, safety, labor, etc.) Socio-Cultural The rest of the world wants what the U.S. has and food is one of the items Pressures to have healthier foods Demographics More baby boomers Recent higher unemployment New demographics to deal with (Brazil, Russia, India, China) Globalization People say they want to loose weight, but most people are gaining it Natural Environment Pressures to go green (packaging, reduced carbon footprint, etc.) Threats Continued competition Impression they only sell unhealthy foods Poor economic conditions and global unrest Opportunities Expand in the coffee (McCafe) market Continue with healthier foods and lifestyles Partner with retail chains (i.e. like Starbucks has done with grocery stores and Target) These are our thoughts, so no reference, agree!! Evaluation Industry Analysis McDonalds is in the quick service restaurant segment and its defined as the sale of food and drink for immediate consumption either on the premises or in designated eating areas shared with other foodservice operators, or for consumption elsewhere. Their main competitors are Burger King and Wendys/Arbys. The global fast food market generated total revenues of $154.7B in 2008, representing a compound annual growth rate (CAGR) of 6.6% for the period spanning 2004-2008. The performance of the market is forecast to decelerate, with an anticipated CAGR of 5.3% for the five-year period of 2008-2013. Reference is the Datamonitor paper Five Forces Substitutes (Moderate) Home cooking Convenience stores Grocery Stores (i.e. salad bar, pre-cooked diners, etc) Suppliers Power (Low) No uniqueness to products Raw materials readily available Switching costs are low Buyer Power (High) Buyer Independence Low switching costs Tendency to switch New Entrants (Low) Local franchise may be impacted by competition, but not nationally/globally Too much capital needed to compete with McDonalds Hard to match branding power Rivalries (High) Little product differentiation Little price differentiation Many competitors These are our thoughts, so no reference, agree!! I agree, unless you want to reference Grant textbook. Market segment Strategic Groups / Competitors by Market (DM) Consumer Packages Good Industry Food (Cargill, Inc., Nestle SA, The Proctor Gamble Company, Japan Tobacco, Inc., Unilever) Leisure and Arts Industry Hotels and Restaurants (TUI AG, Jardine Matheson Holdings Limited, Compass Group PLC, Sodexo S.A,., Burger King Corporation) Food Service (Compass Group PLC, Sodexo S.A., Loews Corporation, ARAMARK Corporation) Fast Food Restaurants (Yum! Brands, Inc., Autogrill S.p.A., Chick-fail-A, Inc., Jack in the Box Inc., Wendys/Arbys Group) Kristie found thisà ¢Ã¢â€š ¬Ã‚ ¦..I found this at Datamart retrieved 7/10/10 Competitor Analysis McDonalds Burger King Wendy/Arbys Strategy Cost leadership (low cost, industry wide) strategy Strategy is to offer menu variety at affordable prices such as Happy Meals, budget-minded Value Menu, espresso coffee drinks, fruit smoothies, premium chicken sandwiches and salads, our premium sandwiches that come with chicken, or grilled chicken as a choice in terms of managing calories Restaurant development strategy is to pick locations within the marketplace to expand its target customers such as restaurants in local neighborhoods as well as at airports, malls, toll ways, and colleges. (DM) Large scale of operation and ability to customize menu provides the ability to penetrate upcoming markets with minimal effort and enhances its revenue generation capacity (DM) De-emphasize Partner Brands concepts in order to focus on the McDonalds brand (SP) Cost leadership (low cost, industry wide) strategy Strategy is to focus its product development and marketing to customers in the 18- to 34-year-old male demographic. It has added a number of premium-priced items to its menu, including the Steakhouse Burger made with Angus beef. (Hoovers) Uses a number of online marketing techniques, including viral videos, to reach its target audience (Hoovers) Cost leadership (low cost, industry wide) strategy (WA, DM) Improving several core products such as sandwich buns, French fries and bacon by differentiating in quality in the QSR hamburger segment. (WA, DM) Focus on our fresh, never frozen beef and premium chicken. (WA, DM) Install a disciplined product development and testing process (WA, DM) Objectives Compete in the global fast food industry continue its Plan to Win corporate strategy that it commenced in 2003 (SP) Fixing operating inefficiencies in existing restaurants; taking a more integrated while focusing on growth, with an emphasis on increasing sales, margins and returns in existing restaurants; and ensuring the right operating structure and resources are aligned with priorities that create benefits for customers and restaurants. (SP) Customize product to suit tastes and preference of consumers in local markets (DM) Well-positioned to expand global footprint, invest in reimaging program and deliver operations excellence every day. Marketing campaigns and menu options will focus on the brand equities that provide a distinct competitive advantage flame-broiled taste, quality and size at affordable prices. (DM Wendy) Long-term strategies remain on course and committed to respond to an ever-changing consumer dynamic. Same-store sales growth by increasing transactions and average check. Margin expansion through advanced operational execution and control of costs. Begin a rollout of a Breakfast menu to attract market share in day segment. New restaurant development with an emphasis on franchise growth. Expand internationally in markets such as Latin America, the Middle East, and Asia- Pacific. Assumptions International segment has supplied much of its earnings growth over the past two decades (SP) Diversified geographic presence provides opportunity to gain from economic growth in emerging markets (DM) Restaurants sub-industry is negative and will continue as high jobless ratios and an ongoing troubled housing market (SP) The full-service restaurant segment will be negative specifically for the restaurant locations in states where the housing markets prices are weak and unemployment is above the national average causing continued pressure on sales and customer preference for less expensive menu choices. (SP) Challenging consumer environment will continue due to high unemployment levels resulting in a reduction in out-of-home eating expenditures. Resources 385,000 Employees (SP) Cash 1,796 Million (SP) 41,320 Employees (SP) Cash 122 Million (SP) 67,500 Employees (SP) Cash 592 Milliom (SP) Kristie found thisà ¢Ã¢â€š ¬Ã‚ ¦..everything in the boxes above I saved the Company profiles on the M drive. I used the company profiles from Datamonitor (DM) for McDonalds, Wendys/Arbys Group, Inc, and Burger King Corporation retrieved 7/3/10. Hoovers: Burger King Holdings, Inc. (15 July). Hoovers Company Records,54531. Retrieved July 3, 2010, from Hoovers Company Records. (Document ID: 168241971). SP: McDonalds Corp. (20 July). Standard and Poors NetAdvantage Company Profile. Retrieved July 3, 2010, from Standard and Poors NetAdvantage Company Profile. Burger King Holdings, Inc. (20 July). Standard and Poors NetAdvantage Company Profile. Retrieved July 3, 2010, from Standard and Poors NetAdvantage Company Profile. Wendys/Arbys Group. (20 July). Standard and Poors NetAdvantage Company Profile. Retrieved July 3, 2010, from Standard and Poors NetAdvantage Company Profile. Evaluation Company/Division Analysis WE PROBABLY NEED TO CHANGE THIS/MAKE IT OURS, NOT SO MUCH FROM THE ANNUAL REPORT. Key Resources Tangible Financial (cash securities, borrowing capability) Revenues exceed $22,700 million 2009 comparable sales increase marked the sixth consecutive year of positive sales in every geographic segment of our business. Physical (plant, equipment, land) Operated in over 100 countries; 32,478 McDonalds restaurants 80% of McDonalds restaurants worldwide owned and operated by independent local men and woman Natural Resource Has some agriculture operations in Russia Intangible Technology (software, patent, copyright, trade secrets, data) Product/Menu Innovation customizes its product to suit tastes and preference of consumers in local markets companys product line in India comprise of non-beef based burgers Developmental license Local entrepreneur owns the business, including control of the real estate, and uses their capital and local knowledge to build the McDonalds Brand and optimize long-term sales and profitability. The company collects a royalty, which varies by market, based on a percentage of sales Reputation (brands, relationships) Well-established brand that appeals to all customers of all age groups and nationalities 1 Provides acceptability in new markets 1 2009 6th place in the top 100 global brands Predictable value, family fun and familiar taste Culture Leadership culture that embraces change and rejects complacency Continually focused on what is working and then leveraging our scale around the world for the overall good of their customers and their System. Human Resources Skill / know-how / Training at McDonalds University Relationship Strength of the alignment between the Company, its franchisees and suppliers (collectively referred to as the System) has been key to McDonalds success over the years. This business model enables McDonalds to consistently deliver locally-relevant restaurant experiences to customers and be an integral part of the communities we serve. In addition, it facilitates their ability to identify, implement, and scale innovative ideas that meet customers changing needs and preferences. Motivation McDonalds customer-focused Plan to Win-which is centered around being better, not just bigger-provides a common framework for our global business yet allows for local adaptation. Through the execution of multiple initiatives surrounding the five Key drivers of exceptional customer experiences-People, Products, Place, Price and Promotion-they have enhanced the restaurant experience for customers worldwide and grown sales and customer visits in each of the last six years. This Plan, coupled with financial discipline, has delivered strong results for shareholders. Capacity for communication and collaboration Cross-fertilization of ideas and innovations, our leaders are better able to assume new challenges and responsibilities on behalf of the Company. Kristie found this aboveà ¢Ã¢â€š ¬Ã‚ ¦Found this on McDonalds Annual Report 2009 Retrieved 6/4 Saved the file in the M Drive as McD_2009_AR_Final_032910.. Capabilities/Value Chain Primary Inbound Logistics No difference from competition Operations (Competitive Qualifier) Makes food as fast as competition Outbound Logistics (Competitive Qualifier) Located in Metro areas, easy to drive into/out of, one on every corner (per se) Marketing/Sales (Value Add) Gives customers more options (hamburgers, salads, coffee, deserts, etc.) along with free Wi-Fi, and is more recognizable than competition Secondary Infrastructure Did not find and advantage or disadvantage Human Resource Management (Value Add) Has McDonalds University for Management, others do not Technology (Value Add) Come out with new products first. I.e. Big Mac, Breakfast foods, coffee, now smoothies Procurement (Competitive Qualifier) Owns/grows little to none, buy and assembles everything Customer Service They have Customer Service like the competition Our thoughtsà ¢Ã¢â€š ¬Ã‚ ¦.. Core Competencies The bundle of resources and capabilities that add value to a customer and may serve as a source of sustainable competitive advantage. It is answered by the follow Established Yes. McDonalds is a global company that started over 70 years ago and is still growing. Tremendous branding. Sustainable Yes. They actually grew and made profits during the recession of 2008 and continue to outpace the competition by nearly 8 fold over Wendys/Arbys and 10 fold over Burger King REFERENCE http://www.dailyfinance.com/quotes/mcdonald-s-corporation/mcd/nys Inimitable the products, yes, the experience no. They have come out with new products first (i.e. competitive coffee, healthier foods, etc.) and have the branding that the competitors cant touch. Ronald McDonald is second to Santa Claus in recognition. Our thoughtsà ¢Ã¢â€š ¬Ã‚ ¦..(one reference above) Evaluation VII. Corporate Social Audità ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦..This was less than a page for FORDà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦that is because they know what they are doing and I dont  Ã…   lol. THINK WE NEED TO SCALE THIS DOWN, APPLY TO CONCEPTS IN THE BOOK. MAKE IT NOT FROM MCDONALDS VIEW, BUT OUR VIEW. sustainability project to improve conditions for farm workers in the Florida tomato industry in 2007, which in turn promotes good environmental practices in its land-based agricultural supply chain and makes the farm a sustainable business. Although McDonalds purchases only 1.5% of Floridas tomatoes annually, McDonalds and its suppliers instituted industry-leading grower standards that improved working conditions in these farms and made the farm a sustainable business. http://social-corporate-responsibility.suite101.com/article.cfm/corporate-social-responsibility-at-mcdonalds Flagship Farms Initiative (FAI) in Europe. The program showcases seven progressive farms employing innovative farming practices across Europe and carries out research into how ethical farming practices can be incorporated into commercial farming systems. http://social-corporate-responsibility.suite101.com/article.cfm/corporate-social-responsibility-at-mcdonalds Sustainable Fisheries program which is in collaboration with the Sustainable Fisheries Partnership. This program defines sustainability standards that guide all of McDonaldss purchases worldwide for wild-caught fish that goes into making those Fillet-o-Fish and make the relevant fishery a more sustainable business. http://social-corporate-responsibility.suite101.com/article.cfm/corporate-social-responsibility-at-mcdonalds In 2005, the Center launched a new unique educational opportunity, in partnership with fast food giant McDonalds, giving Haas MBA students first-hand exposure to the myriad CSR challenges businesses face on a daily basis. The program is known as the McDonalds Research Fellows in Corporate Responsibility (CSR) Program. Through research, stakeholder engagement and intensive field experiences, a globally diverse team of second-year Haas MBA students conduct a deep stakeholder engagement study on McDonalds CSR activities giving the company a fresh perspective and new insights into its business. As part of McDonalds Open Doors program, the main goal of the CSR Fellows program is to expose the students to McDonalds business and create opportunities for the company to engage and interact with various stakeholders. The corporate-sponsored program provides research fellowships to each student. Recipients are known as McDonalds Fellows. The fellows work closely with a faculty director on the study and produce several key deliverables that may be used broadly and at the discretion of McDonalds (web, companys corporate responsible reports, etc.). http://responsiblebusiness.haas.berkeley.edu/McDonaldsCSRFellowsProgram.html Educate and communicate with our supply system about sustainability: Through the use of targeted communication tools, an internal website, and training opportunities, we have achieved a greater understanding of, and alignment around, sustainability, including how it drives our business. Continue to integrate environmental considerations into our packaging design through rollout of our global packaging scorecard into our nine largest markets: The Eco-Filter 2.0 (our packaging scorecard) has been implemented in each area of the world. Packaging designers have been trained in its use. The scorecard is being used to incorporate environmental considerations, in addition to other business criteria. Increase the number of Hamburger University certified restaurant managers: We continue to focus our efforts on increasing the numbers of restaurant managers who are HU graduates with positive success. The percentage of restaurants in our top nine markets with managers who were graduates of HU in 2008 was 93.3%. Develop a comprehensive global forestry policy that will apply to all products we purchase: We developed a global Sustainable Land Management Commitment (SLMC), using a rigorous process that included global internal, supplier, and NGO input. Initial communications efforts are focused internally and with our supplier community. Measure environmental impacts in our supply chain : By the concluon of 2009, the Environmental Scorecard (ES) should be completely rolled out to all of our direct suppliers of beef, poultry, pork, potatoes and buns in McDonalds top nine markets. The ES measures water, energy, waste and air emissions metrics and promotes continuous improvement. In addition, an initial estimate of our supply chain carbon footprint is underway and will be completed in early 2010. Further rollout of our global forestry standards for consumer packaging, expanding into other Areas of the World, specifically the U.S. and Asia Pacific, Middle East, and Africa (APMEA). : The APMEA market has partially implemented our forestry standards for consumer packaging, with full adoption planned by the end of 2009. As of the end of 2008, the North America market had completely rolled out the standards. Taken from McDonalds Corporate Responsibility Online Report, PAGE 2 I saved a hard copy of the report on the M Drive. Retrieved 7/1/10 http://www.aboutmcdonalds.com/mcd/csr/report/overview.-RightParaContentTout-43872-ReportsLinkList-44436-File1.tmp/McDonalds%202009%20Global%20CR%20Report%20Overview.pdf Innovative menu In many markets, customers can mix and match main course, side beverage and dessert choices to create custom-tailored Happy Meals. Yogurt desserts with fruit are also available in most of the major markets, as are sugar-free soft drinks. 100% fruit juice is also on a number of menus worldwide. Market-level offerings include: McDonalds France offers a choice of entrà ©es, three side dishes, fruit bags, nine beverages and four desserts. Sides include cherry tomatoes and two types of potato offerings. Beverages include bottled water, two juice options with no added sugar, and two soft drinks with no sugar. For dessert, customers may choose a drinkable applesauce, a yogurt drink or sliced fruit. Happy Meal choices in the UK include carrot sticks, bottled water, juice, a soft drink with no sugar added, along with a fruit bag side/dessert and semi-skimmed, organic milk. In Hong Kong, Happy Meal choices include whole grain corn as side and for beverages, juice, low- fat milk, or soy milk. In the U.S., Happy Meals can be ordered with Apple Dippers and 100% apple juice or 1% low-fat milk as a beverage. McDonalds Australia Happy Meal offerings include the Seared Chicken Snack Wrap, Apple Slices, Apple Juice, Low Fat Calcium Enriched Chocolate Milk and a Sparkling Fruit Juice Drink (Apple Blackcurrant). Taken from McDonalds Corporate Responsibility Online Report, PAGE 11 I saved a hard copy of the report on the M Drive. Retrieved 7/1/10 Our Global Advisory Council (GAC) is an international team of independent experts assembled by McDonalds to provide us with professional guidance in the areas of nutrition and childrens well- being. The GAC plays a pivotal role in helping us to continuously evolve our thinking and approach in these areas. GAC members provide us with valuable insights, direction and recommendations about how to continue delivering a more beneficial and valuable experience to children and families. Adam Drewnowski PhD, MA; Prevention Treatment of Obesity, University of Washington at Seattle, WA Paul Gately McDonalds makes charitable contributions through the Ronald McDonald House Charities (RMHC) which aims to create, find and support programs that directly improve the health and well being of children. According to Clara Carrier of Ronald McDonald House Charities, in particular, the Ronald McDonald Care Mobile attempts to ensure that children in vulnerable communities can receive state-of-the-art medical and dental treatment to improve their health and strengthen the whole family. This health care on wheels program attempts to change childrens lives and improve communities along the way. http://social-corporate-responsibility.suite101.com/article.cfm/corporate-social-responsibility-at-mcdonalds Accelerate and expand food and beverage choices for kids: We remain committed to working with our suppliers and partners to test and introduce new food and beverage items for kids on a market-by-market basis. In Spain and Australia this year we expanded the choice of Happy Meal entrà ©e items with the introduction of a new kids sized grilled chicken snack wrap, while in Portugal we launched carrot veggie rolls. On the beverage front, we introduced new fruit beverages across Latin America and in Australia and continue to look for other refreshing options appropriate for kids. Continue to enhance childrens well-being through programs and initiatives that provide fun with a Purpose: We have leveraged the characters from our Happy Meal promotions to encourage fruit, vegetable and dairy purchases and to inspire kids to be active and creative and will continue to do so in the coming years. In 2008, many McDonalds markets, including Australia, Brazil, China and Japan, created robust opportunities for kids to experience the Beijing Olympics, whether it was as an athlete escort at the Games or sponsoring local athletic initiatives. Along with continuing to support local grassroots efforts, we use Ronald McDonald at restaurants to encourage kids to participate in activities that activate their body, mind and spirit. Continue to provide useful nutrition information in ways most relevant to todays consumers: In many markets around the world, we have enhanced our merchandising efforts to make it easier for parents to make balanced food choices for themselves and their kids. In all of our top nine markets, we continue to invest in making nutritional information available in the store, as well as online. Taken from McDonalds Corporate Responsibility Online Report, PAGE 12 I saved a hard copy of the report on the M Drive. Retrieved 7/1/10 VIII. Competitive Positionà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦.this is the box (low cost, differentiator, etc.) Low Cost Differentiator Broad Focused I now think they are in this box. They are definitely focused of just fast food, yet they are not always the lowest. They want people to visit them because the have the best fries, the best coffee, wi-fi, etc. I sent Bryant a message on thisà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦. These are our thoughtsà ¢Ã¢â€š ¬Ã‚ ¦.. IX. Corporate Strategy Clint working on Vertical Integration Partially or Quasi Franchise provide portion of capital required by initially investing and reinvesting in the business over time Owns the land and buildings or secures long-term debt leases for both McDonalds operated and conventional franchised restaurants sites These are our thoughtsà ¢Ã¢â€š ¬Ã‚ ¦.. Geography/International Strategy Clint working on Lines of Business Extent of diversification None What kind of diversification None How do they do it None Experience (good/bad) None Future (when/where) NA These are our thoughtsà ¢Ã¢â€š ¬Ã‚ ¦.. Evaluation Structure Org structureà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦. REFERENEC found in the 2009 annual Reportà ¢Ã¢â€š ¬Ã‚ ¦ http://www.aboutmcdonalds.com/etc/medialib/aboutMcDonalds/investor_relations0.Par.6540.File.dat/McD_2009_AR_Final_032910.pdf Evaluation XI. Strategic Recommendations Will be our thoughtsà ¢Ã¢â€š ¬Ã‚ ¦.

Racial Preference Essay

In this article, Whites Swim in Racial Preference, Tim Wise discusses the racial inequality in our society. As a whole, we want to believe that our culture is fair and just in racial terms. We would like to believe racial preference is a thing of the past, however, it is very much current. Discrimination has existed for decades but I believe that African-Americans got the bitter end of the stick. In the 1960’s, black people got treated like they weren’t even human beings. â€Å"A full time black male worker in 2003 makes less in real dollar terms than similar white men were earning in 1967.† (Wise, 2003) Obviously, the racial preference has not faded so much as society would like to believe. African-Americans struggled when it came to trying to take care of their family and becoming a citizen. The inequality seemed as if it was becoming norm in the 60’s. Blacks weren’t even given the chance to prove themselves, simply because their complexion was a little darker than whites. As stated in the article, whites have much more of an advantage when it comes to today’s culture. Whites are given more opportunities in life, which in return leads them to be more successful. Tim Wise used the example of University of Michigan providing 20 additional points to students with low-income families regardless of race. Seems fair, right? It seems fair until you total it all up and in the end whites are the ones with more points. It isn’t even given a second thought because whites were raised to believe that their accomplishments are because of their actions and not because they grew up in a system that was set up for them to achieve in. Yes, Affirmative Action happened, but in the end it still benefitted whites more than any other race. Races such as Arabs and Muslims get looked down upon ever since 9/11 and that lessens their success in society. Blacks get perceived as dangerous and reckless. Whites still have the upper leg in many things in society such as politics and jobs.

Writing an Abstract for a Research Paper: No Longer a Mystery

Writing an Abstract for a Research Paper: No Longer a Mystery Third, presenting also makes it possible for you to receive immediate feedback, which could then produce the manuscript stronger before it's submitted. You should represent the information regarding your research briefly and accurately. If you're presenting in a setting where some audience members might not be as familiar with your region of study, you have to explain more regarding the particular debates that are current in your area and to define any technical terms you use. The author's result of information analyses presented that there's a considerable relationship between independent and dependent variables. For instance, you may have a hypothesis in your abstract, which will outline any results which you expect to discover as a consequence of your work. In the debut, the relevance of the subject, subject, object of research needs to be disclosed. Without survey outcomes, a suitable summary cannot be written. Usually, a paper abstract is limited to 200250 words. An abstract may work as a stand-alone entity rather than a complete paper. The abstract of a paper is the sole portion of the paper that's published in conference proceedings. The abstract for a research paper is challenging to write as you want to clearly summarize all of your paper in only a single paragraph of simply a couple of hundred words or less. As a way to summarize your paper, you need to consider naming the principal subject of your paper and the problem statement. Only a reader with a rather specific interest in the topic of the paper, and a need to understand it thoroughly, will read the full paper. The sections that are used will be contingent on the particular kind of research paper you're writing. The abstract is the sole area of the paper a prospective referee sees when he is invited by means of an editor to review a manuscript. With very little time available to the majority of students to finish their work many are searching for help with writing their research paper abstract. The abstract, on the flip side, is likely a comparatively new endeavor. An abstract isn't a review, nor does this evaluate the work being abstracted. If your abstract doesn't grab their attention and create a great first impression, there's a fantastic chance your paper is going to be rejected at the start. Because you're trying to offer your paper in so few words, keep your sentences concise and be sure that the entire info you include is relevant. Then you have arrived at a correct address! You also ought to center the word Abstract'' at the very top of the webpage. Furthermore, the authors completely eliminate unnecessary meaningless data in the text. The Writing an Abstract for a Research Paper Chronicles Descriptive Abstract A descriptive abstract indicates the sort of information found in the job. Besides some elements your abstract has to contain, there are a few things you ought to avoid. An overlong abstract is among the simplest traps to fall into, or so the secret is to give yourself plenty of time. A descriptive abstract indicates the kind of information found in the job. Understanding how to compose a paper means having the ability to select the appropriate approach to the analysis of your topic. There are a number of essay writing services that think they're the very best, and therefore don't be cheated and check the real list of the very best. Writing an excellent abstract, nevertheless, is a significant part of getting your work accepted for presentation at a conference. Abstract for a research paper is the very first portion of a study that's written before the introduction as a way to present the core idea of the entire work to its readers. You may have to read a lot of special articles, journals and other beneficial materials to deal with such an intricate academic assignment. Abstracting and indexing services for assorted academic disciplines are directed at compiling a body of literature for that specific subject. Based on your professor's directives, you might be asked to incorporate a brief list of keywords to permit researchers and databases to find your paper more effectively. So that your research is all about rabies in Brazilian squirrels. A lot of abstracts are informative. Actually, abstract is a quick version of your research. An abstract allows one to sift through copious quantities of papers for ones where the researcher can have more confidence which they will be relevant to their research. In the end, it can be invaluable to read published abstracts from the previous meeting and to converse with prior presenters to receive a sense of the sorts of abstracts that are accepted.

Their Eyes Were Watching God - 556 Words

Their Eyes Were Watching God surrounds the life of Janie Crawford, a woman who was of mixed heritage. Janie had beautiful, long hair which was admired by most people that she met. Janie was raised by her grandmother since her own mother and father where absent in her life. Since a teen, she was obsessed with true love. Her first marriage was to Logan Killicks, a much older and unattractive man. Janie’s marriage to Logan was forced upon her by her grandmother and Janie resented her grandmother for this. Even though Logan took care of Janie, she was very unhappy with Logan and tried to love him but could not. While living with Logan, Janie meets Joe Starks. Joe is charismatic and full of ambition and promises Janie the life she knows she can’t have with Logan. She soon runs away with him to Eatonville, a town that Joe invests in and builds from the ground up. In Eatonville Janie is known as the â€Å"mayor’s wife† and is constantly belittled by her husband, Joe. He forces her to tie her hair up with a head rag in public and sometimes physically assaults her. After twenty years of marriage, Janie is sick of Joe and his constant attempts to make her subordinate to him. On Joe’s death bed, Janie finally speaks her mind to him and he dies. After Jody dies, Janie feels a new sense of freedom and liberation. After Jody’s death Janie unwraps her hair and is living happily single until she meets the handsome, ambitious, and much younger Tea Cake. Despite their drastic age difference,Show MoreRelatedTheir Eyes Were Watching God1064 Words   |  5 Pagessignificant than death. In Zora Neale Hurston’s famous novel, Their Eyes Were Watching God, the main character Janie Crawford is plagued by the deaths of loved ones. Janie moves from caregiver to caregiver searching for true love and happiness, only to have it stripped away from her once she finds it in her third husband Tea Cake. At the end of the novel, having realized true love and loss, Janie is a whole woman. Their Eyes Were Watching God portrays the growth of the human spirit through both the emotionalRead MoreTheir Eyes Were Watching God1780 Words   |  8 Pagesshort story â€Å"Sweat† and novel Their Eyes Were Watching God, the focus is on women who want better lives but face difficult struggles before gaining them. The difficulties involving men which Janie and Delia incur result from or are exacerbated by the intersection of their class, race, and gender, which restrict each woman for a large part of her life from gaining her independence. Throughout a fair part of Zora Neal Hurston’s novel, Their Eyes Were Watching God, Janie’s low class create problemsRead MoreTheir Eyes Were Watching God932 Words   |  4 PagesJanie Crawford: The Woman Whose Clothing Conveys Her Relationships In Zora Neale Hurston’s Their Eyes Were Watching God, the protagonist, Janie, endures two marriages before finding true love. In each of Janie’s marriages, a particular article of clothing is used to symbolically reflect, not only her attitude at different phases in her life, but how she is treated in each relationship. In Janie’s first marriage with Logan Killicks, an apron is used to symbolize the obligation in her marriage. â€Å"Read More Eyes Were Watching God Essay711 Words   |  3 Pages Their Eyes Were Watching God provides an enlightening look at the journey of a quot;complete, complex, undiminished human beingquot;, Janie Crawford. Her story, based on self-exploration, self-empowerment, and self-liberation, details her loss and attainment of her innocence and freedom as she constantly learns and grows from her experiences with gender issues, racism, and life. The story centers around an important theme; that personal discoveries and life experiences help a person findRead MoreAnalysis Of Their Eyes Were Watching God 1061 Words   |  5 PagesDivision: Janie Crawford in Their Eyes Were Watching God Their Eyes Were Watching God was written in 1937 by Zora Neale Hurston. This story follows a young girl by the name of Janie Crawford. Janie Crawford lived with her grandmother in Eatonville, Florida. Janie was 16 Years old when her grandmother caught her kissing a boy out in the yard. After seeing this her grandmother told her she was old enough to get married, and tells her she has found her a husband by the name of Logan. Logan was a muchRead More Their Eyes Were Watching God Essay1757 Words   |  8 Pages Their Eyes Were Watching God Book Report 1. Title: Their Eyes Were Watching God 2. Author/Date Written: Zora Neale Hurston/1937 3. Country of Author: 4. Characters Janie Mae Crawford- The book’s main character. She is a very strong willed, independent person. She is able to defy a low class, unhappy life because of these factors, even though the environment that she grew up and lived in was never on her side. Pheoby Watson – Janie’s best friend in Eatonville. Pheoby is the only towns person whoRead MoreWhose eyes were watching God?1400 Words   |  6 PagesWhose eyes were watching God? In the movie Their Eyes Were Watching God, Oprah Winfrey manipulates events that happened in the book by Zora Neale Hurston. Oprah morphs many relationships in the movie Their Eyes Were Watching God. She changes the role of gender, and also makes changes in Janie’s character strength. Oprah also changes the symbolism in the movie to where some important symbols in the book change to less important roles. Oprah changes many important events in the book Their Eyes WereRead MoreTheir Eyes Were Watching God Essay724 Words   |  3 PagesTHEIR EYES WERE WATCHING GOD ESSAY  ¬Ã‚ ¬ Janie Crawford is surrounded by outward influences that contradict her independence and personal development. These outward influences from society, her grandma, and even significant others contribute to her curiosity. Tension builds between outward conformity and inward questioning, allowing Zora Neal Hurston to illustrate the challenge of choice and accountability that Janie faces throughout the novel. Janie’s Grandma plays an important outward influenceRead MoreEssay on Their Eyes Were Watching God921 Words   |  4 PagesTheir Eyes Were Watching God An Analysis So many people in modern society have lost their voices. Laryngitis is not the cause of this sad situation-- they silence themselves, and have been doing so for decades. For many, not having a voice is acceptable socially and internally, because it frees them from the responsibility of having to maintain opinions. For Janie Crawford, it was not: she finds her voice among those lost within the pages of Zora Neale Hurston’s famed novel, Their Eyes Were WatchingRead MoreTheir Eyes Were Watching God By Zora Hurston Essay1233 Words   |  5 PagesHurston In the novel â€Å"Their Eyes Were Watching God† by Zora Neal Hurston is about a young woman named Janie Crawford who goes on a journey of self discovery to find her independence. The book touches on many themes like gender roles, relations, independence and racism however racism isn’t mainly focused upon in the book which some writers felt should have been. Some felt that the representation of black characters should have been better role models. Zora Hurston’s novel wasn’t like other black literature

Case Study Shoplifting And Forgery - 1307 Words

Case Study, Tanja: Shoplifting and Forgery It can be a slippery slope when handling juvenile offenders for victim’s rights must be respected; ergo, although confinement is alleged to contribute to high recidivism rates, often justice must take precedence regardless of fiscal expense. Confinement is necessary to incapacitate violent offenders; however, there are better alternatives for non-violent offenders who are not career criminals. The impact of juvenile detainment creates tremendous hardships on the youths’ immediate family, presents higher recidivism rates which further endangers the community at large, and obstructs the youths’ transition into adulthood. Alternatives which can plausibly maintain youth in their family residence where they continue engaged in school receiving support from family members and mentors is the preferred option. The purpose of the juvenile courts is to provide treatment to youth offenders as opposed to punitive discipline, the goal being de-carceration. This disserta tion will provide this student/advocates determination of sanctions that I would impose if I were a judge presiding over Tanja’s case. Tanja’s Upbringing Tanja is an only child in a one parent household. Her parent’s separated when she was 14 years old. She resides with her mother and her father resides in another state. Tanja does communicate with her father through telephone and letters. Daddy-less girls generally struggle with feelings of self-esteem and unworthiness;Show MoreRelatedEileen Wuornos1455 Words   |  6 Pagesthat was more than twice her age. The marriage lasted briefly. Fell left Aileen because she would frequent bars and was constantly being arrested for fighting. While living on her own Aileen was arrested for several crimes, including prostitution, forgery, check fraud and armed robbery. At the age of 22, Aileen attempted suicide by shooting herself in the stomach after being rejected by a lover. She spent two weeks in the hospital. Upon her release she overdosed on tranquilizers. Altogether, AileenRead MoreWhat Makes Someone Become A Criminal?2312 Words   |  10 Pagescrimes consist of any crime that mentally or physically harm another person such as false imprisonment, homicide, rape, and assault and battery. Property crimes consist of any crime that interferes with a person’s property such as arson, robbery, forgery, or larceny. Inchoate crimes are any crime that was incomplete which include any conspiracy, attempt, or solicitation. The final category is statutory crimes. This category can include any alcohol related crimes like DUI’s and other misdemeanors.Read MoreEmployee Theft1999 Words   |  8 Pagesforced to pay higher prices for goods and services to help defer the cost of employee theft. Government research has found that each family pays an estimated three hundred dollars each year to subsidize business losses due to employee theft and shoplifting (Walsh, 2000). Security experts also contend that small business enterprises may be particularly vulnerable to internal theft. Smaller firms often include employees with multiple responsibilities that provid e greater opportunity to commit theftRead More Anti Social Disorder Essay2567 Words   |  11 Pagesextremely hard to diagnose. A sociopath is a person that acts against society and their sole purpose it seems is to act against the laws of the given land their end. The sociopath will in most cases become violent and abuse drugs and alcohol to facilitate the violent behavior. The violence in many cases is the result of sub-concious decisions that might lead to murdering or assaulting someone for no reason. When a sociopath is attacking someone they will inflict more pain if the victim fightsRead MoreThe Cause And Effect Of Impulse Control Disorders3773 Words   |  16 Pagesbehavior is not dealt with it can lead to serious acts of assault or property damage. There is a difference between someone who can control these outbursts and someone who can’t. The National Institute of Mental Health on its website reports from a study conducted in 2001-2003 that depending on how broadly it is defined, IED affects as many as â€Å"7.3% of adults – 11.5-16 million Americans† – in their lifetime (Intermittent Explosive Disorder Affects up to 16 Million, 2012). To be diagnosed with theRead MoreIncreasing Crimes7023 Words   |  29 PagesCrime Records Bureau, incidences of crime since the early days of independence has gone up by more than 5 times, and this ofcourse excludes the large number of unreported crimes, especially related to smaller thefts, crime against women and the many cases where the police just refus e to file an FIR. The western countries aren’t any better off either, with the UK recording an average of more than 2 violent attacks everyminute ( a very high figure for such a small country) and the US, which has the highestRead MoreThe Growing Problem of White Collar Crimes in India19963 Words   |  80 Pageschosen doctrinal method as method of research for the present article and has used books, journals, research articles for preparation of the same. Objectives of the study The main objectives of the research work is To study the concept of white collar crime in detail. To study the impact of white collar crime from Indian perspectives. To study the impact of white collar crime on Indian economy and its its affect on development activities. Abstract White collar criminality has become a global phenomenonRead MoreTrial by Fire16438 Words   |  66 Pagesfirefighter, and by the time of the Willingham blaze he had been battling fire—or what he calls â€Å"the beast†Ã¢â‚¬â€for more than twenty years, and had become a certified arson investigator. â€Å"You learn that fire talks to you,† he told me. He was soon joined on the case by one of the state’s leading arson sleuths, a deputy fire marshal named Manuel Vasquez, who has since died. Short, with a paunch, Vasquez had investigated more than twelve hundred fires. Arson investigators have always been considered a special breedRead MoreTrial by Fire16445 Words   |  66 Pagesfirefighter, and by the time of the Willingham blaze he had been battling fire—or what he calls â€Å"the beast†Ã¢â‚¬â€for more than twenty years, and had become a certified arson investigator. â€Å"You learn that fire talks to you,† he told me. He was soon joined on the case by one of the state’s leading arson sleuths, a deputy fire marshal named Manuel Vasquez, who has since died. Short, with a paunch, Vasquez had investigated more than twelve hundred fires. Arson investigators have always been considered a special breedRead MoreWilliam Bratton and the Nypd12122 Words   |  49 Pagesyale case 07-015 rev. february 12, 2008 William Bratton and the NYPD Crime Control through Middle Management Reform Andrea R. Nagy1 Joel Podolny2 William Bratton, commissioner of the New York Police Department from 1994 to 1996, presided over a dramatic decline in the city’s crime rate. Hired by Mayor Rudolph Giuliani as part of a new crime fighting initiative, Bratton embraced the â€Å"broken windows† theory that had made him so successful as chief of the city’s transit police. According to

Immediately I’d hand him my painfully heavy bag Free Essays

When the bell rang at school I always waited anxiously to hear him. He’d call my name and when I turned around I knew exactly how he’d look. I’d still stare and smile back at his crinkly smiling eyes. We will write a custom essay sample on Immediately I’d hand him my painfully heavy bag or any similar topic only for you Order Now   He’d always have his sunglasses on top of his bald head. Immediately I’d hand him my painfully heavy bag. At that moment all my homework troubles and test woes were over. He’d ask me the usual about school and friends. Although he knew I was shy around other people and often bullied around, he’d still ask, â€Å"How many kids did you beat today at recess?† The irony of it always made me laugh. While he drove me home he always chatted like a chirpy bird. He’d make his usual stop everyday. I knew what he’d say before leaving the car but I always looked forward to it. He’d say conspicuously, â€Å"Let me say a quick hello to my friend†. I’d   know exactly why he stopped but I’d play innocent. The stop meant he was getting candies from the store. He’d return back with chocolates and colored candies smiling, and say, â€Å"My friend sent these for you†. I can’t ever recall him not smiling. With the greed of a 6 year old I’d peer into the big bag and immediately gobble the loot before the school bus even reached home. I remember this particular day spent with him. While I was sitting in the backseat of the school bus and gloating over my treasure and with my mouth still full of chocolates I exclaimed, â€Å"You’re the best uncle ever; you buy the best things even when I never ask you for them†. He looked back at me from the rearview mirror and smiled. But, I remember seeing something strange and wistful in his eyes. I couldn’t understand it then but he said, â€Å"One day when you’re all grown up and going to university, I will pass you by on the street and I will call out to you but you wont recognize your Uncle Rob†¦I will ask you don’t you remember me? But no mater how hard you try, you won’t be able to remember me†. I was mad at Uncle Rob that day. I was angry at his confidence in the future that he had never seen. I reasoned with him as much as a six year old can. He stood firm. I explained to him again and again that I see him first thing in the morning when he drops me to school and last thing before he drops me back home. This will have to continue till I’m sixty years old and don’t need to go to school. He laughed sadly and shook his head in disagreement. The school year ended and Uncle Rob stopped picking and dropping me from school. I remember laughing, arguing and played games with him. When I moved to another state at the end of the year I made a mental note to myself to remember him. I put a flag to his memory and engraved his image in the deep recesses of my mind. I promised to never forget him. I’m almost 24 now and his memory is still flawless in my mind. But I wonder, if I’m walking on the street and come across a man with those crinkly smiling eyes and I call out his name, will he remember me?    How to cite Immediately I’d hand him my painfully heavy bag, Papers

Financial Report Information of DIPL-Free-Samples for Students

Questions: 1.Explain how your results influence your planning decisions for the audit for the year ending 30 June 2015. 2.Explain why it is a risk and how it may affect the risk of material misstatement in the financial report. 3.Based on the background information for DIPL contained in the case, identify and explain two key fraud risk factors relating to misstatements arising from fraudulent financial reporting to which DIPL may be susceptible. Answers: 1.Application of analytical procedures to the financial report information of DIPL The information provided in the financial report of DIPL is based on development of the audit plan. The audit plan has been further seen to be considered as per the particular guideline followed during the undertaking of the audit process. In general, this particular this has helped the assessor in considering the audit cost at a reasonable level and assists in the aversion in the misunderstanding along with clientele. The analytical approach to the financial considerations of DIPL has been referred by dissemination of the information in the financial declarations of the company. The main process of the evaluation analytical approach has been considered based on the specific approach of the financial declarations, accountants and the financial analysts which has been seen to be vital in making business decisions. The analytical approach has been further based on the common sizing with the analysis of the reference point. This has been conducive in the comparison of the financial statements as per different period in different corporations. The ratio analysis has been based on the comparison of the financial declarations in the planning of the audit (Mahmoud HOSSEINNIAKANI, Incio and Mota 2014). Explanation of the way the results influence planning decisions for the audit The planning decision results has been considered for the audit planning and is necessary for the various types of the results of the analytical approach taken into consideration for the disseminating information based on financial statements. The different outcomes of the ratio has been evaluated as per current ratio of the firms for DIPL. This has been computed as 1.42 in 2013, 1.46 in 2014 and 1.5 in 2015. The profitability aspect of the ratio of calculated as per 0.068 in 2013, 0.60 in 2014 and 0.06 in 2015. The profitability ratio based on the profit margin has been further able to reveal the position of the net income earned by the firm in compared to the net sales from DIPL. Despite of this, the assessor needs to understand whether the expenses are low or high and the management is having the requirement to curtail the budget and time. The favourable and the unfavourable changes in the ratio can be factor has been further based on the factor as per the audit assessment and sou ndness in the financial position. Similarly in 2015 and 2013 the solvency ratio has been identified to be 0.62 and 0.21 (Yasin and Nelson 2013). 2.Identification of inherent risk factors that arise from nature of business operations of DIPL The several types of the important factors in the auditing have shown several incidences of material misstatements in the financial announcements of a particular concern. The systematic and the unsystematic risks have been considered from the financial misstatements and the financial declarations of the corporation. The various types of the risks detected has been considered based on the both financial as well as non-financial factors. Nevertheless, an evaluator might consider it as demanding to detect certain risks. The risks identified may be linked to the various types of the other risks correlated to omission and diverse errors and the diversified nature of the errors in business operations of DIPL (Sultana et al. 2015). Based on the given scenario, the numerous transactions are particularly omitted by the accountants otherwise the management of the DIPL Corporation. This can sequentially be directed for the various types of the inconsistency particularly with the essential planning along with the sales activities. Furthermore, the evaluations based on the financial declarations which have been revealed based on accomplishment of the profit from the revenue generated from sales. The analysis of the present case has been able to reveal that the IT implementation process has been generated with particular issues. DIPL is not seen to be having adequate staff to handle the execution process and the execution from the installation and carrying out of the reconciliation and the testing of new arrangement by the end of year (O. et al. 2013). The various considerations for the recording of the cash receipts have been considered as per the finance professionals of the company and the inherent risk has not been properly handled. The staff member has been able to follow an appropriate sequence for properly registering the sequence of account receivables (Kubuabola 2013). Risk and way it might affect the risk of material misstatement in the financial report The different types of the inherent risk have been considered based on the susceptibility and the particular consideration of the material misstatement. Excessive pressure on employees and management- The Excessive workload of the members of the staff of the corporation has further led to poor bookkeeping. The certain attributes has been considered mainly based on the issues such as encountering of poor liquidity, poor operating outcomes and various types of the cash flow issues (Hummel, Schlick and Fifka 2017). Risks of errors or else incorrect misrepresentation- The identified remains has been further seen to be based on intricacy and the errors of the risk which have been misrepresented simultaneously. Integrity of the entire management- DIPL management has been essentially seen to lack the required integrity and the expectation to prepare for the reputational loss in the entire business community. Unusual pressure on management- At times the existence of the incentives for the management has been based on the exits incentives for the misstatements in the pecuniary declarations. Nature of entity business- The aforementioned facets may be further seen to be affected base on the various types of the consideration which has been seen to be related to inherent risk of the business entity for the business entity for the analysis of the audit planning structure. DIPL has led to the growth of the business through major economic competitive circumstances. (Wade et al. 2017). 3.Identification and explanation of two key fraud risk factors relating to misstatements arising from fraudulent financial reporting Asset Loss The indicated risk has been seen to lead to the considerable amount of losses pertaining to the asset for the fraud. The dissatisfaction of the workforce has been further seen to be based on the employees who can induce the involvement in the fraud. Furthermore, the expectations from the investors to report for the financial outcomes or particularly based on the management to consider the specific performance based targets, which leads to high risk of fraud. This has been further seen to be considered based on the declaration of the specific financial outcomes in averting the guarantees generated. Fraud incidence for workforce engagement The various types of the fraud risk has been seen to be associated to the operations of the firm DIPL. Some of them have been seen with the main operations pertaining huge pressure from particularly the board to acquire a novel accounting system. The excess pressure from the employees has been carrying the installation process of new IT systems which might lead to accounting fraud. This has further revealed that the employees may get engaged to the fraudulent activities and handle the reconciliation process and subsequently material misstatement. The case study has further focused on the incidences of improper handling of the process for the implementation of information technology and the improper allocation of certain transactions at the end of each year. This may further lead to losses pertaining to material misstatement and risk of fraud. Financial reporting fraud The financial reporting of the fraud has been identified as another risk component. During the time of excessive pressure it has been seen that outside financiers can declare on the specific announcements on financial management to meet certain goals to qualify for the acquisition of the debt. The high risk has been further seen to be based on the improper financial announcements. The financial position of the DIPL has depicted that the various considerations for the revenue has shown an increasing trend from 2013 to 2015. Furthermore, the total assets and the current assets of DIPL have also increased considerably increased. Moreover, the gross profit has been also considerably increased in the period of 2013 to 2015. The various types of other consideration for the study has been able to focus on the loan amounting to 7.5 million particularly in the loan agreement made maintain the current ratio of 1.5 and the along with this debt equity of the company has been seen to be lower tha n 1. This requirement has been able to relate to the various types of the considerations made from the improper reflection of the financial position. The company has failed with the various types of the reflection which is related maintain the definite benchmark which can make the company non-eligible for the finance of the BDO finance. Unsuitable average cost Based on the given case it has been sees that the valuation of the different raw material inventory at a certain average cost was not appropriate as the present cost was not suitable because the cost of paper was more than the average cost. The risk of the fraudulent actions has been further seen to be persistent with the consideration of new IT system which can be monitored based on different activities at different phases. The risk of the financial reporting has been further seen to be based on the evaluation of the financial statements and monitored at the same time (Geertse et al. 2015). References Geertse, T. D., Holland, R., Timmers, J. M. H., Paap, E., Pijnappel, R. M., Broeders, M. J. M. and den Heeten, G. J. (2015) Value of audits in breast cancer screening quality assurance programmes, European Radiology, 25(11), pp. 33383347. doi: 10.1007/s00330-015-3744-x. Hummel, K., Schlick, C. and Fifka, M. (2017) The Role of Sustainability Performance and Accounting Assurors in Sustainability Assurance Engagements, Journal of Business Ethics, pp. 125. doi: 10.1007/s10551-016-3410-5. Kubuabola, S. (2013) External Quality Audit, External Quality Audit. doi: 10.1016/B978-1-84334-676-0.50005-4. Mahmoud HOSSEINNIAKANI, S., Incio, H. and Mota, R. (2014) A Review on Audit Quality Factors, International Journal of Academic Research in Accounting Finance and Management Sciences, 4(2), pp. 243254. doi: 10.6007/IJARAFMS/v4-i2/861. Sultana, N., Singh, H., der Zahn, V. and Mitchell, J.L., 2015. Audit committee characteristics and audit report lag.International Journal of Auditing,19(2), pp.72-87. Yasin, F. M. and Nelson, S. P. (2013) Audit Committee and Internal Audit: Implications on Audit Quality, International Journal of Economics, Management and Accounting International Journal of Economics Management and Accounting, 20(122), pp. 187218. doi: 10.1108/02686909310036223. Wade, L., Acquarola, N., Hall, A., Sjollema, P. and OSullivan, M., 2017. Audit of dense fine speckled ana patterns detected by indirect immunofluorescence in a clinical immunology laboratory.Pathology,49, p.S114.