Tuesday, December 24, 2019

Andrew Carnegie and the the Second Industrial Revolution...

Andrew Carnegie and the the Second Industrial Revolution Andrew Carnegie, the â€Å"King of Steel†, the benevolent employer, the giant of industry, was among the greatest influences of the second industrial revolution. It is sometimes questioned whether Carnegie was the ruthless, sneaky steel tyrant some made him out to be, or the generous, benevolent education benefactor he appeared to be. I believe him to be a combination of both, but more so the great giant of industry. Carnegie was the classic rags to riches story, the penniless immigrant who made it big in the land of opportunity. Carnegie was born in Dunfermline, Scotland, and migrated to America in 1848 at the age of 13. His first job was in a cotton mill, earning a measly $1.20†¦show more content†¦As young as 33, Carnegie was pulling in an annual income of $50,000 a year, a huge amount at that time, and this was enough for him. Carnegie was a firm believer that anyone could make it to the top, and that it was the wealthys’ duty to help the poor work towards a more comfortable life. Carnegie said that â€Å"the man who dies rich, dies disgraced.† This is a greedy, unselfish philosophy that a robber baron could not conceive. Without Carnegie, the steel industry, and the second industrial revolution in general, would never have progressed as much as it did. Carnegie did what was necessary to make the steel industry more productive and more efficient, for less money. He was a shrewd, ruthless, businessman who’s aggressiveness made the steel, railroad, and oil industries so economically successful. These characteristics, though not always looked upon as nice or sympathetic, were sometimes necessary. He had paid his time as a poor factory boy, and now it was his turn to live comfortably and aid others less fortunate to work towards the same success. I feel that Carnegie was a very generous and benevolent philanthropist in his giving of hundreds of millions of dollars to schools, libraries, arts and music centers, and other educational and recreational facilities. However, I believe it would have been more ethical to be moreShow MoreRelatedThe Industrial Revolution and the Technological Revolution812 Words   |  3 PagesThe Industrial Revolution and the second industrial revolution were also known as the technological revolution. The technological revolution was a time of change and transformations from had tool and hand made goods to machinery that produced goods faster and better. Patrick Geddes first introduced the concept in [â€Å"Cities in Evolution† 1910]. But David Landes used of the term in a 1966 essay and in the unbound Prometheus 1972 standardized scholarly definitions of the term, which was most intenselyRead MoreKarl Marx, Adam Smith, And Andrew Carnegie1350 Words   |  6 PagesCatherine Lundy Kurt Weber Section #62 20th Cent. World History Fall 2015 Karl Marx, Adam Smith, and Andrew Carnegie The writings of Karl Marx, Adam Smith, and Andrew Carnegie all made significant impacts in society not only in their time, but continuing to this day. Marx shared is opinions on capitalism and his views of the progression of human society in his writing, The Communist Manifesto which he wrote with Friedrich Engles and published in 1848. Marx believed in the idea of a society withRead MoreAndrew Carnegie : A Hero As A Hero1116 Words   |  5 Pagesentrepreneur, named Andrew Carnegie is a true definition of a hero, existing in an era of massive industrialization, where skyscrapers held their heights, and steam engines ignited. 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Though very different in personality, Rockefeller and Carnegie were raised under similar circumstances and shared similar convictions in regard to poverty. Growing up in Dunfermline, Scotland, Carnegie experienced the life of the working poor first-hand (Andrew Carnegie PBS). His father was a weaver, and the industrial revolution that would laterRead MoreEssay On Robber Barons994 Words   |  4 PagesRobber Barons Essay Carson Kane Advanced American Studies October 6, 2017 The industrial revolution sprouted many industrialists that exploited the laws of the United States. These industrialists like Carnegie and Rockefeller collected vast amounts of wealth that were extremely unnecessary for the society at that time while the common citizens of the U.S. were having trouble with poverty and working conditions. They used shady and unorthodox tactics to take control of the country s wealth and powerRead MoreBenefits of the Industrial Revolution1942 Words   |  8 PagesThe Second Industrial Revolution was sparked by the creation of the railroad. During the Civil War, railroads existed and were helpful in bringing supplies to troops, but they weren’t very reliable as they would only go on for as long as the owner of the railroad had land. When the owner of the railroad ran out of land, the railroad would end, and people would have to move the things from the railroad to another railroad. People did realize, however, how well a railroad could work if they were allRead MoreThe Importance Of Autocratic And Transformational Leadership Styles1736 Words   |  7 Pagesto achieve effectiveness. This paper will breakdown Andrew Carnegies road to becoming one of the richest and most generous individuals throughout history. This paper will validate that his autocratic and transformational leadership styles, personality and abilities are responsible for his success and legacy in the 20th century. Charles R. Morris stated What we think of as the modern American economy was the creation of four men: Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan.Read MoreImportant Factors Leading to the Gilded Age Essay1749 Words   |  7 Pages After the Civil War, the Second American Industrial Revolution or Gilded Age made the Americans the most industrialized people in the world. This economic phenomenon was unprecedented in history. There were several factors that led the American economic prowess and prosperity. The Americans were blessed with natural resources and a liberal immigration policy to ensure steady work force. Yet, the most important factors were technological innovation and entrepreneurial ability. As America pushed

Monday, December 16, 2019

Analytical review of the financial position and reporting Free Essays

string(124) " conducts the corporate procedures and policies in concordance with hose principles to provide security for its operations\." This is what the University of Bradford policy on academic integrity says about plagiarism: â€Å"A dissertation, thesis, essay, project or any other work which is not undertaken in an examination room under supervision but which is submitted by a student for formal assessment must be written by the student and in the student’s own words, except for quotations from published and unpublished source, which shall be clearly indicated and acknowledged as such†¦ † If you copy work for assessment, it defeats the whole purpose of the exercise. When work that you have copied is marked it is not your progress that is being evaluated but that of somebody else. And if it is someone else’s work, the feedback you receive will not help you improve your own potential. We will write a custom essay sample on Analytical review of the financial position and reporting or any similar topic only for you Order Now Plagiarism is an issue that the University of Bradford takes very seriously and is treated as a form of Academic Misconduct (or cheating). There are four main forms of plagiarism: 1. Copying or using another person’s work, including the work of another student (with or without their consent), and claiming or pretending it to be your own; 2. Presenting arguments that use a blend of your own and the directly copied words of the original author, with or without acknowledging the source; 3. Paraphrasing another person’s work, but not giving due acknowledgement to the original writer or organization publishing the writing, including work on Internet sites; 4. Colluding with other students and submitting identical or near identical work. However it is very important that you are aware of Self-plagiarism. This is described in a document called â€Å"What is Academic Misconduct† which is available on the Legal and Governance website. You must not submit the same assignment, or the any part of that assignment, as the assessment for two modules, nor should you â€Å"cut and paste† large sections of work from one submission into another. You can refer to your own work (whether vomited for another module or published elsewhere) but you must acknowledge this by citing the original work, Just like any other source that shapes your own work. How to avoid plagiarism: Applying, analyzing, criticizing or quoting other people’s work is expected of you and is perfectly acceptable providing you always: 1. Attempt to summarize or restate in your own words another person’s work, and give acknowledgement to that person. This is usually done by citing your sources in the text of the assignment and presenting a list of references at the back ; or 2. By always using quotation marks (or indenting lengthy quotations in your text) to distinguish between the actual words of the writer and your own words. Once again, you would cite all these sources in the text straight after the quote and present full details of these in your list of references. Using Turning: You must be very careful to ensure that your submission is free from Plagiarism before you submit it. All submissions are made electronically via Turning which is a piece of software that is able to identify â€Å"non-original† content within a submission. When you submit your work it is matched to previously submitted work both at the University of Bradford, on the web and work submitted to other Universities across the world. You will be presented with an Originality Report which will highlight any non-original content in your work. You are permitted to submit a draft version of your work to Turning before the final submission deadline. This will allow you to see the Originality Report for the draft and to address any issues that the report identifies. The report can take a few hours to generate, so give yourself sufficient time to receive and examine the report and to be able to work on your submission as necessary before the deadline passes. It is essential that you understand what is expected and how plagiarism can be avoided. The university provides a great deal of resources to help students understand their responsibilities. Information about these services is available at the LASS workshop site. If there are any specific issues relating to plagiarism and or Turning please contact the relevant Module Leader or your Personal Academic Tutor. Executive summary The purpose of this report is to prepare an analytical review of the financial position of BP Billion, using the ratio analysis as a financial instrument. This review is Sistine to the stakeholders (investors), based on the latest available annual financial statement, to identify and reconcile the group’s profit position and identify trends in the business performance. The company’s performance is analyzed more deeply using ratio analysis. In addition, we will compare the group main indicators with the respective figures of close competitors such as ROI Tint, Vale S. A. And Alcoa Inc. As well as Mining Industry and Energy Sector average coefficients (Scimitars 2014). Background Information BP Billion was set up in 2001 as a result of a Dual Listed Company (DEL) merger twine Broken Hill Proprietary Company known as BP Limited, an Australian-listed company, and Billion Pl, a I-J-Existed company (BP Billion 2013). Although the companies have preserved their separate ownership structures both are run by the almost identical committees of directors and one managing body. It is a leading global resource company and its major business units are: Copper; Iron Ore; Manganese and Nickel; Coal; and Aluminum, Petroleum and Potash. The aim of the group is to provide long-term shareholder value through the development, acquisition and marketing of natural resources. Despite the continuing recession the group has continued to retain its market position with capitalization US $147 billion at 30 June 2013, revenue US $66 billion and net profit US $11 billion for 2013 financial year and there are now 128 thousand employees and contractors working in 140 subdivisions in 26 countries (BP Billion 2013). This year the group announced the appointment of Andrew Mackenzie as CEO who replaced Marcus Slippers. The company being a participant of the Voluntary Principles on Security and Human Rights (2014) conducts the corporate procedures and policies in concordance with hose principles to provide security for its operations. You read "Analytical review of the financial position and reporting" in category "Papers" The recent study suggested that the 90 fossil fuel marketers (Goldenberg 2013) are in charge of two-thirds of the greenhouse gas emissions produced in the industrial age and BP is in this list. According to the management’s statement Just the tenth of the emissions are from direct operations, while the rest are from outsourced goods (Hannah 2013). In 2011 BP Billion initiated with University College London the foundation of two energy institutions aimed at teaching and research of sustainable use of the environment and resources (CUL 2011). Basis of preparation The financial information for the year ended 30 June 2013 has been prepared on a going concern basis in accordance with Australian Accounting Standards that is an Australian equivalent of International Financial Reporting Standards (FIRS) and FIRS and their interpretations as adopted by European Union effective as the reporting date. The principles of accounting for DEL merger were adopted under I-J and Australian Generally Accepted Accounting Practice (GAP) and the consolidated financial statement is compiled as follows: Assets and liabilities of the BP Billion PL and BP Billion Limited Group were consolidated at the date of the merger at their book value; Results for the period ended 30 June 2013 comprise the consolidated data of the both entities. A number of new standards and interpretations have not yet entered into force, and their demands are not taken into account in preparing the consolidated financial statements: FIRS 11 Ð’Â «Joint ArrangementsÐ’Â » modifications were not applied but will have an impact on financial years commencing from 1 July 2013. The company will recognize its share on a single line in entities where it does not meet with the revised definition of Joint control. AFRICA 20 Ð’Â «Striping Costs in the Production Phase of a Surface MineÐ’Â » modifies the policies for production striping and applies to annual periods starting on 1 January 2013. The company disclosed the effect of adjustments at the transitional date of 1 July 2011. Ratio Analysis External factors and trends affecting to the group’s financial outcomes The major external trends and factors have had a considerable impact on the company financial position and ratios and the next section disclosures them. Commodity prices. Metal commodity prices were decreased in comparison with the previous year as a result of apply growing faster than demand. For instance the average price of Iron Ore decreased 16% from IIS$1 51 /DMS to IIS$127/DMS, Aluminum decreased from IIS$334/ DMS to US$327/DMS according to the Note 3. . 1 of the Financial Statement (BP Billion 2013). Metal products share in aggregate revenues exceeded 63% whereas crude oil and gas totaled 20%. Metallurgical coal price decreased 31% from IIS$239/t to IIS$1 59/t mostly driven by low growth rates of global pig iron production. Conversely energy commodities’ price were affected positively namel y crude oil price increased by 8% driven by Chinese demand growth in the first half of the year followed by moderate improvements in macroeconomics in the United States later. In whole the price effect reduced underlying BIT by IIS$8. Billion but partially offset by increased sales volumes. Exchange rate. Other substantial risk influencing profitability ratio is exchange rate as majority of sales are denominated in US dollars as well as this currency plays major part in the group financial activities. Operating costs are primordially influenced by changes in local currencies such as South African rand, Chilean peso and Australian dollar. Overall the Australian dollar, Brazilian real and South African rand ended the financial year weaker against the US dollar, while the Chilean peso strengthened. Product demand and supply. Global demand and supply for the products is a crucial factor of market prices, and fluctuations in commodity supply and demand influence the group performances, including asset values and cash flow. The company forecast relatively balanced growth over the long term as large developed economies, such as the US, grow despite fiscal challenges and China also shows the development of its economy. Operating costs. As the product prices are regulated by the global commodity markets controlling production costs is a key task of the management. The company could reduce external services by IIS$2 billion and third party purchases by IIS$O. 7 billion, government royalties by IIS$O. 4 billion and exploration and evaluation expenses by IIS$O. 6 billion. But these reductions were offset by higher impairment charges of IIS$I . 9 billion, additional depreciation charges of IIS$O. 5 billion, decrease in foreign exchange incomes of IIS$O. 2 billion as it was shown in Note 3. 4. 4 of the annual report (BP Billion 2013). Capital and exploration expenditures. This item increased almost 77% in the previous 2012 year from IIS$13 billion in 2011 to IIS$23 billion. It related to investments in project pipeline, especially in Petroleum, Iron Ore and Coal divisions. The management concentrated on monitoring capital and exploration expenses in the reporting year and it reduced by IIS$O. 7 billion. Interest rates. The company financial performances are sensitive to alterations of interest rates as the majority of company borrowings are based on floating interest rates (see the Note 29 of the financial statement). Based on the net debt position as at 30 June 2013, taking into account interest rate swaps, cross currency interest rate swaps and captions, it is estimated that a one percentage point increase in the US LABOR interest rate will decrease the company’s equity and profit after taxation by US $136 million. Profitability ratio In this year Return of capital fell by 26% as against 2012 year and equaled 17% (see Appendix 3). Firstly, it associates with the reduction of Gross profit by 19% or almost IIS$4. Billion as the income fell by 9% (see Appendix 1), namely Coal unit’s revenue reduced by IIS$2. Billion, Iron Ore income by IIS$2. 4 billion (see the section Ð’Â «Commodity pricesÐ’Â »). In any case it should be noted that this figure is considerably high than the close competitors’ results: Vale S. E. (2014) showed 14%, ROI Tint (2014) 5% (see Appendix 3). The details of calculations are given in the Appendix 4. Gross profit margin ratio equaled 29% although that is less by 11% as compared to 2012 (see Appendix 3). This can be explained by disproportionate decrease of production costs by 4% billion (see the section Ð’Â «operating costsÐ’Â ») with respect to revenues (see the section Ð’Â «Commodity pricesÐ’Â »). But it corresponds with the respective average ratio of Metal Mining Industry (Scimitars 2014). Vale S. E. ‘s figure exceeded with 30% Gross margin (see Appendix 2) but its Net profit margin totaled Just 1% due to extremely high interest expenses (see Appendix 2) whereas BP Billion demonstrated consistent performances with 17% Net profit margin. Net profit margin for 2013 totaled 17% as against 22% for previous year chiefly due to decrease of the amount of Gross profit (see the previous paragraph) and increase of financial expenses by 60% (see the section Ð’Â «lintiest ratesÐ’Â »). In spite of this the company’s result is outstanding in comparison with the industry index (2%) as well as immediate rivals (ROI Tint – 2%, Vale S. A. – 1%). Efficiency ratios Asset turnover ratio of the last year decreased by 17% and totaled 0. 6. This is due to the fact that the amount of total assets were increased as additional construction expenses were capitalized to the sum of IIS$20 billion, and decrease of total revenue of the group for reasons described earlier (see the section Ð’Â «Commodity pricesÐ’Â »). At the same time the group continues to use its assets efficiently in comparison with lose rivals 0. 5 for ROI Tint (2014) and Vale (2014) 0. 4 (see Appendix 3) as well as the average industry figure (0. 4). The details of calculations are given in the Appendix 5. With respect to Receivable turnover ratio it has not been changed and equaled 9 that is in the middle of ROI Tint and Vale’s coefficients (10 and 7 respectively). The decrease in Trade and other receivables correlated with the same trend in the revenues of the last two years (see the section Ð’Â «Commodity pricesÐ’Â »). Interestingly, the industry average ratio did reach 12 (see Appendix 3). Inventory turnover has slightly en decreased by 6% and totaled 11 that is twice better than industry figure (5) and close rivals (8 and 10 respectively). The number of employees increased by 7% and totaled almost 50 thousand. It together with the revenue reduction resulted to Revenue per Employee ratio that decreased by 14% and equaled IIS$I ,332 thousand per employee. At the same time this performance significantly exceeded the industry average ratio (IIS$486 thousand) as well as close competitors (ROI Tint with IIS$775 thousand and Vale S. E. With IIS$583 thousand). It can be explained by diversified cuisines structure of the group as the average Energy sector Revenue per Employee totals US$1,896 thousand at the same period of time (see Appendix 3). Liquidity ratio The current ratio totals 1 that indicates that the group has enough short-term assets to cover its short-term debt. It is advisable to improve this performance further (0. 9 for previous 2012 year) as for instance the industry (1. 9) and major market players (ROI Tint 1. 4, Vale S. E. 2. 5) demonstrated better short-term financial health. The details of calculations are given in the Appendix 6. Quick ratio also remains worse Han competitors. But it corresponded with the industry average figure 0. 6 and seemed enough (see Appendix 3). Financial gearing The Gearing ratio has slightly been changed and totaled 39% and it indicates relatively prudent attitude of the management and low degree of creditor’s funds (see Appendix 1). For example the same coefficient for both of close rivals’ equaled 44% whereas the industry average figure exceeded 150%. The details of calculations are given in the Appendix 7. The performance of interest cover ratio was felt by 56% due to impact of interest rates (see the section Ð’Â «lintiest ratesÐ’Â »). Even so it showed due to low gearing and high gross profit of the group (see the respective analyses). Investment ratio Price per earning for 2013 equaled as 12 and became worse as against 8. 8 for previous period. It associates with the reduction of earning per share by almost 30% (see Appendix 1). But dividend yield with 8% is positive as compared to rivals (ROI Tint 4%, Vale S. E. 1%) and average industry ratio (2%). Conclusion Based on the review above we can see that BP Billion is a highly profitable company that provided consistently strong operating performance during the analyzed period of time. The total dividend for 2013 was increased by 4% to IIS$116 cents per share (BP Billion 2013). The low gearing ratio in comparison with rivals indicates the group’s financial strength and invulnerability to downturns in the business cycle that is important particularly in the last years. The high efficiency ratios witnessed how well the group used its assets and liabilities internally relative to the others. Also we saw its importance because an improvement in these ratios translated to improved profitability. Though the current ratio is relatively lower than he industry average likely the group will not experience any difficulty meeting current obligations. How to cite Analytical review of the financial position and reporting, Papers

Sunday, December 8, 2019

Effect of the Nature of Virus Hunters †MyAssignmenthelp.com

Question: Discuss about the Effect of the Nature of Virus Hunters. Answer: Effect of the nature of virus hunters on the most appropriate structures for getting work done effectively and efficiently The organizational scenario at the Symantec is one of the highly flexible as well as adaptive structures. The world of today is characterised by rapid and unpredicatbale changes, in which there is high level of unexpected changes (Ramana Kumar, 2016). The sustainibility changes in the organization is more important for creatingeffective change management in the organizations. Symantec leaders use effective infirmation technology as well as fundamnetal new processes to respond quickly to the customer requirements. The virus systems are known to attack various parts of the computer system and hence it is important to put a check to their spreadouts (Ramana Kumar, 2016). This requires the work of the virus hunters to be less structured as they need to be aware of the organizational threats and that does not follow any specified pattern. This has a negative impact on the organization as the effective structures of the organziation requires fixed structures and pre-determined work patte rns (Ramana Kumar, 2016). The nature of the virus hunters ensure that they have to deal with different code of programmers, which makes it difficult for them to maintain team cohesion and team unity. The lack of team cohesion would imply that the organizational objectives may not be fulfilled. There has been huge change in the nature of the viruses and their mode of penetration in the computer system of the employees. This requires the virus-hunters to be aware of the different modes of entry and take contingent actions based on them (Carvalhosa et al., 2017). This affect the organizational structure in a positive way, since the organziatioanl work structures expects their employees to be able to undertake any risks and be ready with emergency management actions (Carvalhosa et al., 2017). The virus-hunters need to be aware of the unexpected nature and form of the viruses. This is helpful in situations when the managers need to be aware of the unexpected nature of the contingencues (Ramana Kumar, 2016). The programmers are required to operate in the least formal work environment, which is often the case in an organization setting. The managers of the organziations focus on the fact that the employees need to follow all rules of the organization and they need to operate in a formal work environment (Carvalhosa et al., 2017). The virus hunters also needs to operate in a more decentralised structure, in which the decision-making authority would reside on the individual department heads. This would provide better organizational ouctomes as it would be helpful in the decision making process of the organization. The virus hunters of the modern times operate in a highly mobile environment in which it is important to be a part of thechange management process (Cameron Green, 2015). There have been ongoing developments in the virus definitions and the virus hunters need to be aware of them (Carvalhosa et al., 2017). This requires them to a part of thechange management process and the lead the employees so that they can be instrumental in achieving of the organizational objectives. This nature of job of the virus hunters is beneficial for the organization (Carvalhosa et al., 2017). This is because of the fact that the modern organizations are subjected to various levels of internal as well as external changes, which needs to be corresponded to at an urgent basis (Cameron Green, 2015). The virus hunters are well adapted to adjust with the new types of security threats that are gaining relevance in the environment. This is instrumental in aiding the organizational improvements, as the companies n eed to align themselves and their functioning with the changed demands of the environment. Challenges of team and volunteeer management in relation to the computer viruses There would be issues in the management of the professionals as well as customer volunteers in a challenging work environment like Symantec. The managers would have issues with the controlling function of the management (Kerzner, 2013). The volunteers do not receive regular payments like the paid employees and hence they are often difficult to control. The controlling is one of the most important functions of the management, which is important for evaluating the various deviations from the set standards and fulfills the goals of the organization (Kerzner, 2013). The controlling function is affected in the organization in which there is a foreseeing action. The challenges in controlling a team lie in the setting of the actual setting of the standards and the measurement of the actual performance of the employees (Prokhorova Chobitok, 2016). It is concerned about taking corrective actions, which often becomes a difficult process. This is because of the fact that the managers might not be able to get hold of the volunteers and they may not advise suitable corrective actions for them. The volunteers in Symantec are usually the ones who do not get regular compensation and there are times when they work for free of cost (Kerzner, 2013). This is detrimental to the organizational performance as these employees would not be giving their best performance. It is also difficult to set performance criteria for this section of the employees, since they are not being given any formal compensation (Demydov et al., 2015). Hence, they cannot ask the employees to display a set level of performance. The managers are unable to provide any financial rewards to the volunteers and hence they are unable to implement the controlling function effectively (Kerzner, 2013). They also find it difficult to control this section of employees as it is difficult to implement punishments for not conforming to the pre-determined work standards. There would also be challenges for evaluation of the performances of the volunteers or the other employees of the firm. The managers would be unable to provide any motivation to the employees since the volunteers would not be able to work properly without the help of proper package (Mafini Dlodlo, 2014). The employees evaluation would be a problem affair since there would not be any predetermined criteria. The managers would be having a tough time in deciding about the performance of the volunteers, which may create barrier in the realization of the organizational objectives (Kerzner, 2013). There are instances when the rating and the ranking system is responsible for decreasing the engagement of the employees and this also reduces the motivation level of the employees (Mafini Dlodlo, 2014). Such kind of mechanisms makes people prone to rapid reactions as well as aggressive movement of the employees, which may increase the instances of conflicts in the organizations. The volunteers are responsible for a variety of works such as writing of the virus code definitions, installation of the virus attack mechanisms and the interaction with the customers (Mafini Dlodlo, 2014). These are some of the vital work functions and if the employees are negligent in performing their work duties, then there might be serious issues in the organizational outcomes. The performance management of the employees would be a serious concern for the managers (Demydov et al., 2015). The managers may not be able to align the team members as the changing requirements of the external environment. Another common issue of the traditional performance management system is that the reviews given in the traditional reviews dont help the employees to develop as well as grow themselves (Demydov et al., 2015). The annual review is done on yearly basis and there are instances when the manager fails to give proper feedback to the employees at correct time. There can be issues with the job descriptions of the employees. The volunteers would not be able to give their maximum productivity, if they are not being explained about the tasks they are supposed to do on a regular basis. There can be lack of credibility of the job descriptions, which relies on the effective of the human resource managers (Demydov et al., 2015). There can be lack of established goals, which may leave the volunteers clueless about the actual work they are supposed to deliver. For example, if the virus hunters are not being instructed to stay aware of the various new threats in the market, then they would not be able to keep themselves updated. This may cause a decrease in the operational efficiency of the firm, which would affect the accomplishment of the organizational objectives (Demydov et al., 2015). There can be lack of consistency in which there would be times when the employees would be delivering high performances and there would be times when they would be delivering average performances. References Baskerville, R., Spagnoletti, P., Kim, J. (2014). Incident-centered information security: Managing a strategic balance between prevention and response.Information Management,51(1), 138-151. Cameron, E., Green, M. (2015).Making sense of change management: A complete guide to the models, tools and techniques of organizational change. Kogan Page Publishers. Carvalhosa, P., Portela, F., Machado, J., Santos, M. F., Abelha, A. (2017, March). Good practices in Local Government-A first overview of Portuguese reality. InIOP Conference Series: Materials Science and Engineering(Vol. 185, No. 1, p. 012002). IOP Publishing. Demydov, I. V., Strykhalyuk, B. M., Shpur, O. M., Mohamed, M. E. H., Klymash, Y. V. (2015). The structural-functional synthesis of cloud service delivery platform after service availability and performance criteria. , (1), 144-159. Kerzner, H. (2013).Project management: a systems approach to planning, scheduling, and controlling. John Wiley Sons. Mafini, C., Dlodlo, N. (2014). The relationship between extrinsic motivation, job satisfaction and life satisfaction amongst employees in a public organisation.SA Journal of Industrial Psychology,40(1), 01-12. Prokhorova, V., Chobitok, V. (2016). Controlling in Airline Enterprises Management System.Pro?eedings of the National Aviation University, (1), 70-75. Ramana, C. V., Kumar, B. M. (2016). Virus Attack Identification And Representation In Sensor Network.IJSEAT,4(1), 040-043.