Systems and Operations- Critical Evaluation of Relevant Issues Essay

Systems and Operations- Critical Evaluation of Relevant Issues - Essay Example Moreover, in the year 2002, Gerard J. Arpey became the Chief Operating Officer as well as the President of American Airlines. American Airlines under the leadership of Gerard J. Arpey became part of the ‘oneworld’, one of the foremost global alliances in the field of airlines (American Airlines, Inc., 2008). Current Operational Areas of American Airlines Product & Service Design According to Moritz, product & service design is â€Å"the design of the overall practices of a service as well as the design of the process along with different strategies in order to provide a particular service†. In addition, it is a process which covers the four D’s, that is define, discover, develop and deliver. It is all about recognising the market, client and organisation, developing ideas, transform them into practicable solutions and eventually to help in implementing them (Moritz, 2005). The operational areas of American Airlines includes such as product & service designs , supply chain management system, planning inventory control, resource planning and quality management among others. The product that the organisation deals basically with is the airline service and also it produces numerous service designs to its wide range of customers worldwide. One of the most significant services of American Airlines is their introduction of Admirals Club which is especially intended for their travelling customers (American Airlines Inc, 2008). Admirals Club as a quality feature offers an expansive range of facilities such as individual workstations, computers with internet facility; extensive distance telephones, children’s rooms, music rooms and a wide variety of sweet and flavourful snacks... According to the research findings with the advent of increased use of technology and competition in the airlines industry, there is a need of a very practical applicable theory that is maximising revenue and reducing cost for every organisation of the airlines industries in order to survive in today’s business environment. In the paper, the current operational areas of American Airlines that include the various operational fields like the organisations product and service design, supply chain management processes, planning inventory control processes, resource planning policies and quality management among others are focused. And also an analytical discussion has been made regarding these key processes within the operational areas of the organisation that significantly contributes to the competitive advantage. Also the various organisational, management and technical issues surrounding the information system has been elaborately discussed. In this connection, certain instruct ions were also recommended regarding the improvement to the specialised areas of the organisation which might eventually prove beneficiary as well successful for American Airlines. The concept of knowledge management is also highlighted and ultimately it can play a significant role or position within the organisation in alleviating the prevalent issues. Moreover, the ethical concerns and the security threats to the recommended information systems is also highlighted and certain controllable factors were also prescribed in order to cope up with several issues and threats that are prevailing within the organisation.

Current issues in financial reporting Essay Example | Topics and Well Written Essays - 1250 words - 1

Current issues in financial reporting - Essay Example 549-586). This paper explains the importance of financial reporting in organization, and gives the reasons for and against capitalising human resources in the financial statements of a company. Discussion Financial reporting entails communication of useful financial information for making credit, investment and other decisions in business. Reports to the stockholders on quarterly and annual basis, financial statement notes, prospectuses on issuance of security and common stock, and the external financial statements, like the income statements, stockholder’s equity statement, cash flow statements and the statements on stock equity. Financial reporting enhances delivery of information to the shareowners and lenders in business; it is usually component of the essential contract between them since they have the right to know the spending of their money and the returning profits (Ballweiser, 2004). In UK, big changes in financial reporting are under the Financial Services sector. T he Accounting Standards Board, ASB issued exposure drafts that detail the proposals for financial reporting in UK. ... The demand for more transparency ensures growth to the interests of an organization in order to meet such demand constructively. The organization will, therefore, have a strategic value in clarifying for the critical performance as well as internal management of the organization communication. This leads to effective allocation of capital in the organization, and critical in achieving a special attention within the accounting research. Reason for Capitalizing Human Resource in UK Human capital forms the main asset in service companies. The success of an organization can be rated depending on the  employees and customers they retain (Francis, Lafond, Olsson, & Schipper 2005, p. 295-327). Several studies on human resource measurement aim at providing the management of any organization with the traditional financial statements, as well as additional information. The intangible asset from many organizations is more critical than the tangible assets. Intangible assets comprise of the su ccess factors needed for maximization of profits and continual survival of the organization. Like human resource, while the intangible assets comprise of the fixed assets like property. The financial information from the financial statements is considered incomplete when they fail to cover and account the human resources. Financial measuring and reporting by businesses in UK enhance the management and evaluation of people’s performance. This ensures greater transparency on value creation through effective policies and practices that benefit stakeholders and the organization at large. The management of people by an organization impacts their performance. The feature of good managerial practices