Assignment Prompt & Instructions
SEE ATTACHMENTS
– ## WEEK6.docx
– ## UnderstandingCompanyCultureandMotivationasanExecutiveofaPubliclyTradedCompan1.docx
– ## ImportanceofBugeting.docx
– MissionandVisionStatements.pptx
**## WEEK6.docx**
Share a brief presentation (PowerPoint) of what you have included and intend to include in your e-portfolio. The presentation should include: (1) a personal profile including career theme (project management, human resource management, etc.), (2) career goal(s), and (3) at least three examples of artifacts that will support your e-portfolio (does not need to be an entire document- include snapshot).
**## UnderstandingCompanyCultureandMotivationasanExecutiveofaPubliclyTradedCompan1.docx**
**Understanding Company Culture and Motivation as an Executive of a Publicly Traded Company**
Jamil D. Wilson
Professor Nelson
MGMT 311
February 16, 2025
**Understanding Company Culture and Motivation as an Executive of a Publicly Traded Company**
In the contemporary business environment, culture and motivation of the employees are among the critical factors that determine the success of public companies. These corporations’ executives bear the responsibility of long-term management, profit, and shareholders’ value. Although financial results and management business plans are vital for the company’s success, culture and employee engagement can boost the performance and creativity in the organization. A clear organizational culture is known to define the workplace context, guide decision making and improve employee satisfaction while motivation is the key to maintaining the employees’ commitment to work.
**The Impact of Company Culture on Corporate Success**
Company culture refers to the concepts that are inherent in a firm, which include the values, beliefs and behaviour patterns (Ghaleb, 2024). A strong organizational culture ensures that every worker is a valued member who is working towards the achievement of certain organizational goals, which, in turn, affects their performance levels (Ghaleb, 2024). In the case of publicly held firms, culture is not only an organizational resource but also a business asset in managing corporate image and investor relations. Culture leads to better employee acquisition and thus minimizes the employee turnover which is always costly to any organization by improving efficiency (Ghaleb, 2024). Managers should understand that toxic culture can cause low employee satisfaction, and corporate dishonesty, and potentially damaging publicity, all of which are detrimental to shareholder returns. Enron and Wells Fargo are examples of how lack of cultural monitoring can result to corporate catastrophes and frauds. On the other hand, organizations like Google and Microsoft have developed sound and creative organizational culture that gives them competitive advantage in the markets and also increases shareholders’ trust. When it comes to strengthening the culture that aligns with the corporate values, it is essential to guarantee that all the workers at all organizational levels are committed to achieving strategic objectives in the interest of the firm.
**Employee Motivation and Organizational Performance**
Motivation is one of the most important determinants of employees’ performance as well as of organizational outcomes (Dobre, 2013). A motivated staff is more productive, creative and ready to do anything to ensure that the company achieves its objectives (Dobre, 2013). In public limited companies where performance is being benchmarked by investors and analysts, it is important to keep the employees motivated in order to sustain competitive advantage. To increase engagement, executives should have general knowledge of the motivational theories like Maslow’s need hierarchy theory, Herzberg’s two-factor theory, and Deci and Ryan’s self-determination theory. The key motivational tools include the use of monetary rewards, career growth, appreciation, and a good organizational culture (Dobre, 2013). Salesforce and Adobe are some of the best examples of those businesses that pay attention to the employee well-being and motivation and outperform the competitors both in terms of revenue and employee satisfaction.
**The Link between Culture, Motivation, and Shareholder Value**
Shareholder value is a primary consideration for any organization that is operating in the public domain. Corporate and employee engagement has been shown to retain and attract customers, enable faster growth, advance technologies, enhance brand images, and increase shareholder returns. According to studies, organizations that have engaged employees in their workforce are most likely to record high levels of profitability, increased customer satisfaction and reduced operating expenses (Akpa et al., 2021). Specifically, investors and analysts pay attention to the organizational culture and employees as the predictors of company performance. Managers need to also appreciate the impact of culture and motivation in the attraction of investors. Socially responsible investment funds and institutional investors will prefer to invest in firms that are well-governed, ethical and those that have a healthy organizational culture (Graham et al., 2022). Failure to address cultural and motivational issues may lead to lack of investors’ confidence in the organizations, resulting in fluctuating stock prices and economic downtimes.
**References**
Akpa, V. O., Asikhia, O. U., & Nneji, N. E. (2021). Organizational culture and organizational performance: A review of literature.
_International Journal of Advances in Engineering and Management_,
_3_(1), 361-372.
Dobre, O. I. (2013). Employee motivation and organizational performance.
_Review of applied socio-economic research_,
_5_(1).
Ghaleb, B. D. S. (2024). The importance of organizational culture for business success.
_Jurnal Riset Multidisiplin Dan Inovasi Teknologi_,
_2_(03), 727-735.
Graham, J. R., Grennan, J., Harvey, C. R., & Rajgopal, S. (2022). Corporate culture: Evidence from the field.
_Journal of financial economics_,
_146_(2), 552-593.
**## ImportanceofBugeting.docx**
1
5
**Importance of Budgeting, Accounting, and Workplace Conflict in Executive Leadership**
Jamil D. Wilson
Professor Nelson
MGMT 311
March 3, 2025
**Importance of Budgeting, Accounting, and Workplace Conflict in Executive Leadership**
As an executive of a public limited company, the aspects of budgeting, accounting, and conflict in the workplace are crucial to the formulation of strategic decisions. These three areas are important in establishing a sound financial ground, compliance with the legal requirements, and a good workplace. I will explain the importance of each aspect and why an executive must have good understanding of them to be effective in his leadership role.
**Budgeting**
Budgeting is a crucial process in any organization, but it is more critical in a publicly held company to determine the right time to buy or sell an asset. A good budget provides the general financial direction for an organization and also ensures effective and proper use of resources (Drury, 2013). Budgeting is very crucial for any organization because it enables the top management to anticipate the future cash inflows and outflows, control risks and make sound investment decisions. Lack of a proper budget can be detrimental to a firm which might see reduced shareholders’ confidence and could potentially attract the attention of the regulators. Budgeting for public companies is unique in the sense that companies are answerable to shareholders and regulatory authorities and so budgeting must correspond to the strategic plan of the firm as well as to market reality (Drury, 2013). Budgets are calculated with significant attention from investors, and any discrepancies with the established figures may hurt the stock value and investors’ confidence. In addition, a stable budgeting process helps the company to avoid wrong decisions in the moments of economic crises and to invest in the crucial activities for its future development (Drury, 2013). It is my responsibility as an executive to assure the budgeting of all departments while at the same time encouraging the enhancement of operations.
**Accounting**
Accounting is the core pillar of corporate governance in a listed company. Accounting procedures are useful in making sure that all transactions are accounted for in the right manner in order to meet the legal and ethical requirements. The rules set by the SEC regarding accounting are very strict and any failure to meet them has legal repercussions, loss of investors’ confidence and damage to the company’s image. Accounting knowledge assists me as an executive in the interpretation of the financial statements, the evaluation of the performance of the company and communication of the results to the stakeholders (Drury, 2013). Financial statements such as income statements, balance sheets, and cash flow statements give information about the revenue, the assets and liabilities, and cash position respectively. Lack of accounting education may result in poor decision making since the executives will lack proper information on the financial position of the company hence leading to poor management of the company’s finances (Drury, 2013). Ethical accounting practices are important in ascertaining confidence in the companies through investors, employees, and the legal bodies. The adherence to GAAP and IFRS will make me maintain the integrity of the company in compliance with the accounting standards to prevent embezzlement and fraud.
**Workplace Conflict**
Conflicts are bound to occur in every organization but when they are in a company that is publicly traded, effects can be disastrous. These conflicts may be due to differences in views, competition or when two or more people have different objectives. If not addressed effectively, workplace conflict reduces the efficiency of employees, results in employee complaints, and high attrition rates (Rahim, 2023). As an executive, I need to ensure that I find ways of managing conflicts that may arise in an organization so that they do not get out of hand and affect the performance of the organization. Conflict management is most relevant to a publicly held company where expectations are higher and employee morale has a direct impact on the organization (Rahim, 2023). Due to the toxic work culture, organizations can experience low creativity and lack of cooperation among employees, thus seeing a decline in their performance. Conflicts can be managed effectively though encouraging communication, respecting other people, and having appropriate measures for solving conflict (Rahim, 2023). Furthermore, handling conflicts in advance, one can make the employees to be appreciated and motivated hence enhancing productivity and success of the organization.
Every executive heading a publicly-held firm needs to grasp the basics with regards to budgeting, accounting, and workplace conflict. Budgeting helps to maintain control and allocation of finances, accounting keeps records and complies with the legal requirements, and management of conflicts in the workplace promotes efficiency at the workplace. This knowledge helps me make the right decisions on behalf of the company and to retain the investors’ confidence. By incorporating these key elements in the executive leadership, I will be in a better position to enhance the company’s long-term sustainability.
**References**
Drury, C. M. (2013).
_Management and cost accounting_. Springer.
Rahim, M. A. (2023).
_Managing conflict in organizations_. Routledge.
**MissionandVisionStatements.pptx**
This file is too large to display. [View in new window](https://www.sweetstudy.com/files/missionandvisionstatements-pptx-10421275)
**MissionandVisionStatements.pptx**
This file is too large to display. [View in new window](https://www.sweetstudy.com/files/missionandvisionstatements-pptx-10421275)
**## WEEK6.docx**
Share a brief presentation (PowerPoint) of what you have included and intend to include in your e-portfolio. The presentation should include: (1) a personal profile including career theme (project management, human resource management, etc.), (2) career goal(s), and (3) at least three examples of artifacts that will support your e-portfolio (does not need to be an entire document- include snapshot).
**## UnderstandingCompanyCultureandMotivationasanExecutiveofaPubliclyTradedCompan1.docx**
**Understanding Company Culture and Motivation as an Executive of a Publicly Traded Company**
Jamil D. Wilson
Professor Nelson
MGMT 311
February 16, 2025
**Understanding Company Culture and Motivation as an Executive of a Publicly Traded Company**
In the contemporary business environment, culture and motivation of the employees are among the critical factors that determine the success of public companies. These corporations’ executives bear the responsibility of long-term management, profit, and shareholders’ value. Although financial results and management business plans are vital for the company’s success, culture and employee engagement can boost the performance and creativity in the organization. A clear organizational culture is known to define the workplace context, guide decision making and improve employee satisfaction while motivation is the key to maintaining the employees’ commitment to work.
**The Impact of Company Culture on Corporate Success**
Company culture refers to the concepts that are inherent in a firm, which include the values, beliefs and behaviour patterns (Ghaleb, 2024). A strong organizational culture ensures that every worker is a valued member who is working towards the achievement of certain organizational goals, which, in turn, affects their performance levels (Ghaleb, 2024). In the case of publicly held firms, culture is not only an organizational resource but also a business asset in managing corporate image and investor relations. Culture leads to better employee acquisition and thus minimizes the employee turnover which is always costly to any organization by improving efficiency (Ghaleb, 2024). Managers should understand that toxic culture can cause low employee satisfaction, and corporate dishonesty, and potentially damaging publicity, all of which are detrimental to shareholder returns. Enron and Wells Fargo are examples of how lack of cultural monitoring can result to corporate catastrophes and frauds. On the other hand, organizations like Google and Microsoft have developed sound and creative organizational culture that gives them competitive advantage in the markets and also increases shareholders’ trust. When it comes to strengthening the culture that aligns with the corporate values, it is essential to guarantee that all the workers at all organizational levels are committed to achieving strategic objectives in the interest of the firm.
**Employee Motivation and Organizational Performance**
Motivation is one of the most important determinants of employees’ performance as well as of organizational outcomes (Dobre, 2013). A motivated staff is more productive, creative and ready to do anything to ensure that the company achieves its objectives (Dobre, 2013). In public limited companies where performance is being benchmarked by investors and analysts, it is important to keep the employees motivated in order to sustain competitive advantage. To increase engagement, executives should have general knowledge of the motivational theories like Maslow’s need hierarchy theory, Herzberg’s two-factor theory, and Deci and Ryan’s self-determination theory. The key motivational tools include the use of monetary rewards, career growth, appreciation, and a good organizational culture (Dobre, 2013). Salesforce and Adobe are some of the best examples of those businesses that pay attention to the employee well-being and motivation and outperform the competitors both in terms of revenue and employee satisfaction.
**The Link between Culture, Motivation, and Shareholder Value**
Shareholder value is a primary consideration for any organization that is operating in the public domain. Corporate and employee engagement has been shown to retain and attract customers, enable faster growth, advance technologies, enhance brand images, and increase shareholder returns. According to studies, organizations that have engaged employees in their workforce are most likely to record high levels of profitability, increased customer satisfaction and reduced operating expenses (Akpa et al., 2021). Specifically, investors and analysts pay attention to the organizational culture and employees as the predictors of company performance. Managers need to also appreciate the impact of culture and motivation in the attraction of investors. Socially responsible investment funds and institutional investors will prefer to invest in firms that are well-governed, ethical and those that have a healthy organizational culture (Graham et al., 2022). Failure to address cultural and motivational issues may lead to lack of investors’ confidence in the organizations, resulting in fluctuating stock prices and economic downtimes.
**References**
Akpa, V. O., Asikhia, O. U., & Nneji, N. E. (2021). Organizational culture and organizational performance: A review of literature.
_International Journal of Advances in Engineering and Management_,
_3_(1), 361-372.
Dobre, O. I. (2013). Employee motivation and organizational performance.
_Review of applied socio-economic research_,
_5_(1).
Ghaleb, B. D. S. (2024). The importance of organizational culture for business success.
_Jurnal Riset Multidisiplin Dan Inovasi Teknologi_,
_2_(03), 727-735.
Graham, J. R., Grennan, J., Harvey, C. R., & Rajgopal, S. (2022). Corporate culture: Evidence from the field.
_Journal of financial economics_,
_146_(2), 552-593.
**## ImportanceofBugeting.docx**
1
5
**Importance of Budgeting, Accounting, and Workplace Conflict in Executive Leadership**
Jamil D. Wilson
Professor Nelson
MGMT 311
March 3, 2025
**Importance of Budgeting, Accounting, and Workplace Conflict in Executive Leadership**
As an executive of a public limited company, the aspects of budgeting, accounting, and conflict in the workplace are crucial to the formulation of strategic decisions. These three areas are important in establishing a sound financial ground, compliance with the legal requirements, and a good workplace. I will explain the importance of each aspect and why an executive must have good understanding of them to be effective in his leadership role.
**Budgeting**
Budgeting is a crucial process in any organization, but it is more critical in a publicly held company to determine the right time to buy or sell an asset. A good budget provides the general financial direction for an organization and also ensures effective and proper use of resources (Drury, 2013). Budgeting is very crucial for any organization because it enables the top management to anticipate the future cash inflows and outflows, control risks and make sound investment decisions. Lack of a proper budget can be detrimental to a firm which might see reduced shareholders’ confidence and could potentially attract the attention of the regulators. Budgeting for public companies is unique in the sense that companies are answerable to shareholders and regulatory authorities and so budgeting must correspond to the strategic plan of the firm as well as to market reality (Drury, 2013). Budgets are calculated with significant attention from investors, and any discrepancies with the established figures may hurt the stock value and investors’ confidence. In addition, a stable budgeting process helps the company to avoid wrong decisions in the moments of economic crises and to invest in the crucial activities for its future development (Drury, 2013). It is my responsibility as an executive to assure the budgeting of all departments while at the same time encouraging the enhancement of operations.
**Accounting**
Accounting is the core pillar of corporate governance in a listed company. Accounting procedures are useful in making sure that all transactions are accounted for in the right manner in order to meet the legal and ethical requirements. The rules set by the SEC regarding accounting are very strict and any failure to meet them has legal repercussions, loss of investors’ confidence and damage to the company’s image. Accounting knowledge assists me as an executive in the interpretation of the financial statements, the evaluation of the performance of the company and communication of the results to the stakeholders (Drury, 2013). Financial statements such as income statements, balance sheets, and cash flow statements give information about the revenue, the assets and liabilities, and cash position respectively. Lack of accounting education may result in poor decision making since the executives will lack proper information on the financial position of the company hence leading to poor management of the company’s finances (Drury, 2013). Ethical accounting practices are important in ascertaining confidence in the companies through investors, employees, and the legal bodies. The adherence to GAAP and IFRS will make me maintain the integrity of the company in compliance with the accounting standards to prevent embezzlement and fraud.
**Workplace Conflict**
Conflicts are bound to occur in every organization but when they are in a company that is publicly traded, effects can be disastrous. These conflicts may be due to differences in views, competition or when two or more people have different objectives. If not addressed effectively, workplace conflict reduces the efficiency of employees, results in employee complaints, and high attrition rates (Rahim, 2023). As an executive, I need to ensure that I find ways of managing conflicts that may arise in an organization so that they do not get out of hand and affect the performance of the organization. Conflict management is most relevant to a publicly held company where expectations are higher and employee morale has a direct impact on the organization (Rahim, 2023). Due to the toxic work culture, organizations can experience low creativity and lack of cooperation among employees, thus seeing a decline in their performance. Conflicts can be managed effectively though encouraging communication, respecting other people, and having appropriate measures for solving conflict (Rahim, 2023). Furthermore, handling conflicts in advance, one can make the employees to be appreciated and motivated hence enhancing productivity and success of the organization.
Every executive heading a publicly-held firm needs to grasp the basics with regards to budgeting, accounting, and workplace conflict. Budgeting helps to maintain control and allocation of finances, accounting keeps records and complies with the legal requirements, and management of conflicts in the workplace promotes efficiency at the workplace. This knowledge helps me make the right decisions on behalf of the company and to retain the investors’ confidence. By incorporating these key elements in the executive leadership, I will be in a better position to enhance the company’s long-term sustainability.
**References**
Drury, C. M. (2013).
_Management and cost accounting_. Springer.
Rahim, M. A. (2023).
_Managing conflict in organizations_. Routledge.
**MissionandVisionStatements.pptx**
This file is too large to display. [View in new window](https://www.sweetstudy.com/files/missionandvisionstatements-pptx-10421275)
**## WEEK6.docx**
Share a brief presentation (PowerPoint) of what you have included and intend to include in your e-portfolio. The presentation should include: (1) a personal profile including career theme (project management, human resource management, etc.), (2) career goal(s), and (3) at least three examples of artifacts that will support your e-portfolio (does not need to be an entire document- include snapshot).
**## UnderstandingCompanyCultureandMotivationasanExecutiveofaPubliclyTradedCompan1.docx**
**Understanding Company Culture and Motivation as an Executive of a Publicly Traded Company**
Jamil D. Wilson
Professor Nelson
MGMT 311
February 16, 2025
**Understanding Company Culture and Motivation as an Executive of a Publicly Traded Company**
In the contemporary business environment, culture and motivation of the employees are among the critical factors that determine the success of public companies. These corporations’ executives bear the responsibility of long-term management, profit, and shareholders’ value. Although financial results and management business plans are vital for the company’s success, culture and employee engagement can boost the performance and creativity in the organization. A clear organizational culture is known to define the workplace context, guide decision making and improve employee satisfaction while motivation is the key to maintaining the employees’ commitment to work.
**The Impact of Company Culture on Corporate Success**
Company culture refers to the concepts that are inherent in a firm, which include the values, beliefs and behaviour patterns (Ghaleb, 2024). A strong organizational culture ensures that every worker is a valued member who is working towards the achievement of certain organizational goals, which, in turn, affects their performance levels (Ghaleb, 2024). In the case of publicly held firms, culture is not only an organizational resource but also a business asset in managing corporate image and investor relations. Culture leads to better employee acquisition and thus minimizes the employee turnover which is always costly to any organization by improving efficiency (Ghaleb, 2024). Managers should understand that toxic culture can cause low employee satisfaction, and corporate dishonesty, and potentially damaging publicity, all of which are detrimental to shareholder returns. Enron and Wells Fargo are examples of how lack of cultural monitoring can result to corporate catastrophes and frauds. On the other hand, organizations like Google and Microsoft have developed sound and creative organizational culture that gives them competitive advantage in the markets and also increases shareholders’ trust. When it comes to strengthening the culture that aligns with the corporate values, it is essential to guarantee that all the workers at all organizational levels are committed to achieving strategic objectives in the interest of the firm.
**Employee Motivation and Organizational Performance**
Motivation is one of the most important determinants of employees’ performance as well as of organizational outcomes (Dobre, 2013). A motivated staff is more productive, creative and ready to do anything to ensure that the company achieves its objectives (Dobre, 2013). In public limited companies where performance is being benchmarked by investors and analysts, it is important to keep the employees motivated in order to sustain competitive advantage. To increase engagement, executives should have general knowledge of the motivational theories like Maslow’s need hierarchy theory, Herzberg’s two-factor theory, and Deci and Ryan’s self-determination theory. The key motivational tools include the use of monetary rewards, career growth, appreciation, and a good organizational culture (Dobre, 2013). Salesforce and Adobe are some of the best examples of those businesses that pay attention to the employee well-being and motivation and outperform the competitors both in terms of revenue and employee satisfaction.
**The Link between Culture, Motivation, and Shareholder Value**
Shareholder value is a primary consideration for any organization that is operating in the public domain. Corporate and employee engagement has been shown to retain and attract customers, enable faster growth, advance technologies, enhance brand images, and increase shareholder returns. According to studies, organizations that have engaged employees in their workforce are most likely to record high levels of profitability, increased customer satisfaction and reduced operating expenses (Akpa et al., 2021). Specifically, investors and analysts pay attention to the organizational culture and employees as the predictors of company performance. Managers need to also appreciate the impact of culture and motivation in the attraction of investors. Socially responsible investment funds and institutional investors will prefer to invest in firms that are well-governed, ethical and those that have a healthy organizational culture (Graham et al., 2022). Failure to address cultural and motivational issues may lead to lack of investors’ confidence in the organizations, resulting in fluctuating stock prices and economic downtimes.
**References**
Akpa, V. O., Asikhia, O. U., & Nneji, N. E. (2021). Organizational culture and organizational performance: A review of literature.
_International Journal of Advances in Engineering and Management_,
_3_(1), 361-372.
Dobre, O. I. (2013). Employee motivation and organizational performance.
_Review of applied socio-economic research_,
_5_(1).
Ghaleb, B. D. S. (2024). The importance of organizational culture for business success.
_Jurnal Riset Multidisiplin Dan Inovasi Teknologi_,
_2_(03), 727-735.
Graham, J. R., Grennan, J., Harvey, C. R., & Rajgopal, S. (2022). Corporate culture: Evidence from the field.
_Journal of financial economics_,
_146_(2), 552-593.
**## ImportanceofBugeting.docx**
1
5
**Importance of Budgeting, Accounting, and Workplace Conflict in Executive Leadership**
Jamil D. Wilson
Professor Nelson
MGMT 311
March 3, 2025
**Importance of Budgeting, Accounting, and Workplace Conflict in Executive Leadership**
As an executive of a public limited company, the aspects of budgeting, accounting, and conflict in the workplace are crucial to the formulation of strategic decisions. These three areas are important in establishing a sound financial ground, compliance with the legal requirements, and a good workplace. I will explain the importance of each aspect and why an executive must have good understanding of them to be effective in his leadership role.
**Budgeting**
Budgeting is a crucial process in any organization, but it is more critical in a publicly held company to determine the right time to buy or sell an asset. A good budget provides the general financial direction for an organization and also ensures effective and proper use of resources (Drury, 2013). Budgeting is very crucial for any organization because it enables the top management to anticipate the future cash inflows and outflows, control risks and make sound investment decisions. Lack of a proper budget can be detrimental to a firm which might see reduced shareholders’ confidence and could potentially attract the attention of the regulators. Budgeting for public companies is unique in the sense that companies are answerable to shareholders and regulatory authorities and so budgeting must correspond to the strategic plan of the firm as well as to market reality (Drury, 2013). Budgets are calculated with significant attention from investors, and any discrepancies with the established figures may hurt the stock value and investors’ confidence. In addition, a stable budgeting process helps the company to avoid wrong decisions in the moments of economic crises and to invest in the crucial activities for its future development (Drury, 2013). It is my responsibility as an executive to assure the budgeting of all departments while at the same time encouraging the enhancement of operations.
**Accounting**
Accounting is the core pillar of corporate governance in a listed company. Accounting procedures are useful in making sure that all transactions are accounted for in the right manner in order to meet the legal and ethical requirements. The rules set by the SEC regarding accounting are very strict and any failure to meet them has legal repercussions, loss of investors’ confidence and damage to the company’s image. Accounting knowledge assists me as an executive in the interpretation of the financial statements, the evaluation of the performance of the company and communication of the results to the stakeholders (Drury, 2013). Financial statements such as income statements, balance sheets, and cash flow statements give information about the revenue, the assets and liabilities, and cash position respectively. Lack of accounting education may result in poor decision making since the executives will lack proper information on the financial position of the company hence leading to poor management of the company’s finances (Drury, 2013). Ethical accounting practices are important in ascertaining confidence in the companies through investors, employees, and the legal bodies. The adherence to GAAP and IFRS will make me maintain the integrity of the company in compliance with the accounting standards to prevent embezzlement and fraud.
**Workplace Conflict**
Conflicts are bound to occur in every organization but when they are in a company that is publicly traded, effects can be disastrous. These conflicts may be due to differences in views, competition or when two or more people have different objectives. If not addressed effectively, workplace conflict reduces the efficiency of employees, results in employee complaints, and high attrition rates (Rahim, 2023). As an executive, I need to ensure that I find ways of managing conflicts that may arise in an organization so that they do not get out of hand and affect the performance of the organization. Conflict management is most relevant to a publicly held company where expectations are higher and employee morale has a direct impact on the organization (Rahim, 2023). Due to the toxic work culture, organizations can experience low creativity and lack of cooperation among employees, thus seeing a decline in their performance. Conflicts can be managed effectively though encouraging communication, respecting other people, and having appropriate measures for solving conflict (Rahim, 2023). Furthermore, handling conflicts in advance, one can make the employees to be appreciated and motivated hence enhancing productivity and success of the organization.
Every executive heading a publicly-held firm needs to grasp the basics with regards to budgeting, accounting, and workplace conflict. Budgeting helps to maintain control and allocation of finances, accounting keeps records and complies with the legal requirements, and management of conflicts in the workplace promotes efficiency at the workplace. This knowledge helps me make the right decisions on behalf of the company and to retain the investors’ confidence. By incorporating these key elements in the executive leadership, I will be in a better position to enhance the company’s long-term sustainability.
**References**
Drury, C. M. (2013).
_Management and cost accounting_. Springer.
Rahim, M. A. (2023).
_Managing conflict in organizations_. Routledge.
**MissionandVisionStatements.pptx**
This file is too large to display. [View in new window](https://www.sweetstudy.com/files/missionandvisionstatements-pptx-10421275)
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