Modern System Of Public Health Services - 811 Words

The concept of the public, health was once compromising as the only governmental public health agencies. However, modern system of technology and education has brought into today’s green light that, the public health sector, such as Medicaid, schools as well the environmental protection agencies, plus that of the private sector organizations must be included in the concept. This is because they are believed to have a very significant role to play in the health of the public. The services of public health mainly have four components and they include mission, structure, process and outcomes. However, the services of the concepts entail a lot, and ten of which happens to be the most essential of it all will be discussed below. Public health services develop policies and plans that support the efforts of the community as well as the health of the individual (hhs.gov). And this practice or services include successful, emergency response and state improvement that comes with community planning, alignment of resources, which assures a successful planning versus policy development that protects and guide the health of the public. Secondly, studies show that, the system link the people in the community to the needed personal health services they need and assures them of the available provision of care and even when otherwise unavailable according to the centers for disease control and prevention (03/2014). This also means it will identify the number of people with barriers to careShow MoreRelatedThe Health Situation in China1207 Words   |  5 PagesHealth Situation in China A health care system refers to the comprehensive organization, structures and strategies through which Medicare and health care is made available by the government to its citizens. A health care system is a product of countries politics. It is a nations system of governance that will dictate upon the most convenient model of health care to adopt. There is no universally acceptable method, and in adopting each; a government has to take into account a variety of factors,Read MoreSocial Work And Its Impact On Society Essay1571 Words   |  7 Pagesmajor role in providing poor relief long before the establishment welfare systems. However social work has modern and scientific origins form the nineteenth century. Pre - Modern Social Work. Church provided social services for the poor before the Modern European states emerged. Monasteries dealt with all aspects of poor relief, providing services of social care, (eg; acting as hospitals, old age homes, and other welfare services). The Christian Church had a huge influence on society, charitable workRead MoreModern System Of Public Health802 Words   |  4 PagesThe concept of the public health was once compromising as the only governmental public health agencies. However, modern system of technology and education has brought into today’s green light that, the public health sector such as Medicaid, schools as well the environmental protection agencies plus that of the private sector organizations must be included into the concept, since they have a very significant roles to play in the health of the public. The services of public health mainly have four componentsRead MoreThe Jordanian Healthcare System Essay1085 Words   |  5 Pagesimmigrant population has crea ted an significant and lasting impact upon the nature of the country’s health care system. History of Health Care in Jordan The Hashemite Kingdom of Jordan is a constitutional monarchy that gained independence from Great Britain on May 25, 1946. With a population of just over 6 million, 82.6% of Jordanians live in urban areas, and 17.4 % in rural areas. 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In this regard, it can be argued that the government of Australia has tried to ensure the needs and expectations of the public sector through emphasizing towards healthcare relatedRead MoreCanad a as an Ethical and Egalitarian Model for the United States1643 Words   |  7 Pagesshould be available to everyone in the United States, and the best system would be a Canadian-style, single-payer form of national health insurance rather than Obama Care or reliance on private health insurance. Health care is a basic human right, and from an ethical viewpoint, the system in the United States is the most unjust and unequal in the Western world and paradoxically the most expensive as well. Although national health insurance was first proposed as early as 1912, and again during theRead MoreCritical Assessment On The Policies And Models Of Clinical1116 Words   |  5 Pages 5 INTRODUCTION Clinical governance became important in health care after the Bristol heart scandal 1995 and it is a systemic approach to maintaining and improving the quality of patient care within a health system. Clinical governance is mainly defined as ‘‘A frame work through which NHS organisations are accountable for continually improving the quality of their services and safeguarding high standards of care by creating an environment in which excellenceRead MoreHealth Care Trends and Perceptions Regarding the Insurance System1790 Words   |  7 PagesHealth Care Determine what correlations can be made regarding the increase in population and the public perception of the health insurance system. Be sure to present your thoughts in a credible manner that is non-offensive yet factual. The population has been steadily increasing in the United States since its founding. For a long period the US led the industrialized world in its fertility rate however, though this rate has slowed in recent generations with Americans having few babies per householdRead MoreThe Age Of Modern Medical Miracles774 Words   |  4 Pages‘’the age of modern medical miracles’’ (Scutchfield, 2003). And this adage did not respond positively in today’s health status in America. Research has proved beyond reasonable doubt that, over the past hundred years, the community of pubic health (PH) developed a very comprehensive method and contributions for public health workforce, but was in vain (American Public health association, 1983). Thus the workforce (of public health) suffers from several limitations such as some public health professionalsRead MoreBenefits Of Universal Free Healthcare757 Words   |  4 Pagesprovide free health care services to everyone in the U.S.? millions of Americans those residing in the U.S. have lost their health insurance. In Canada and mother other countries health insurance is already guaranteed. Experts have argued that universal free healthcare can be very successful. On the contrary. Other professionals have argued that universal free healthcare would be detrimental for the economy, such as being expensive and/or lack of quality. Canada’s healthcare system affects all citizens

Example Audit Engagement - 2570 Words

EXAMPLE AUDIT ENGAGEMENT LETTER This example engagement letter is intended solely for general educational purposes. It is not intended for the purpose of providing specific legal, accounting, or other professional advice to any particular recipient or with respect to any particular jurisdiction. The author, publisher, and distributor of this document (1) make no representations, warranties, or guarantees as to its technical accuracy or compliance with any law ( federal, state, or local) or professional standard; and, (2) assume no responsibility to any recipient of this document to correct or update its contents for any reason, including changes in any law or professional standard. Before using any engagement letter in your†¦show more content†¦Our audit will include obtaining an understanding of your internal controls sufficient to plan the audit and to determine the nature, timing, and extent of audit procedures to be performed. An audit is not designed to provide assurance on internal controls or t o identify reportable conditions, that is, significant deficiencies or material weaknesses in the design or operation of internal control. Accordingly, we have no responsibility to identify and communicate significant deficiencies or material weaknesses in your internal controls as part of this engagement, and our engagement cannot be relied upon to disclose the same. However, during the audit, if we become aware of such reportable conditions, we will communicate them to you. Prior to preparation and execution of this engagement letter, we discussed with you the fact that we provide clients with services specifically focused on identifying and addressing weaknesses in internal controls (internal control review), and on searching for the existence of fraud within your company (fraud audit). We further explained the additional costs associated with such different levels of service. After consideration of such services, you have informed us that you wish to retain us to perform only the audit services described in this letter. You are responsible for adoptingShow MoreRelatedStandards, Norms And Standards Of Auditing And The International Standard On Audit Quality1622 Words   |  7 Pageson Auditing (ISAs) and the International Standard on Audit Quality (ISQC). Question 1 Ethical Standards includes some audit fundamental principles and basic audit procedures for the auditors to follow in order to be objective and independent. ESs has eight parts, which cover the Glossary, ESRA, ES 1 to 5 and ES Provisions Available for Small Entities. Hereinto, ES 1 to 5 in detail introduce the integrity, objectivity and independence in the audit of financial statements (FRC, 2006). These guidelinesRead MoreThe Objective Of Auditing Standard918 Words   |  4 Pagesauditor plans the audit so it can be conducted efficiently. The engagement partner is responsible for planning the audit and making sure it is performed. If the engagement partner seeks assistance from engagement team members he or she is responsible for making sure they comply with the requirements for this standard. Planning the audit is not a short-term task and often should be started after the completion of the previous audit and continue to until the completion of the current audit. During beginning Read MoreThe International Standards On Auditing1073 Words   |  5 Pagesof this ISA 1. The International Standards on Auditing (ISAs) apply to group audits. This ISA deals with special considerations that apply to group audits, in particular those that involve component auditors. 2. An auditor may find this ISA, adapted as necessary in the circumstances, useful when that auditor involves other auditors in the audit of financial statements that are not group financial statements. For example, an auditor may involve another auditor to observe the inventory count or inspectRead MoreAccounting1680 Words   |  7 Pagescounsel on consumer goods and services. A major part of its function is testing of different brands of consumer products that are purchased on the open market and then the reporting of results of the tests in Consumer Reports, a monthly publication. Examples of the types of products it tests are middle-sized automobiles, residential dehumidifiers, flat-screen TVs, and boys’ jeans. a.) In what ways are the services provided by Consumers Union similar to assurance services provided by CPA firms? Read MoreAudit Case: Jaimica Water Properties1167 Words   |  5 PagesJamaica Water Properties, the function of internal audit should not be neutralized by CFO (Ernest Grendi) or other. Second, the company should also be aware of the independence of external auditors. For example, the company should consider if the external auditors has a close relationship with employees who hold key positions of the company. This is because the impairment of independence of audit engagement team might result in failure of the audit. Third, I believe a survey related to fraud detectionRead MoreEthical Requirements for Auditors1212 Words   |  5 Pagesresponsibilities to its clients. While working for a company to audit their financial information, they are also at the same time working for the public and regulators who rely on externals auditors to prove credibility to the financial information that companies release (Cooper, Coram, Richardson, Leung, 2009). To assist in quality assuranc e, the profession, and government have developed multilevel framework which is designed to regulate the audit profession. This framework includes: * Ethical standards:Read MoreEssay on Hamilton Wong, In-Charge Accountant, Case 6.31482 Words   |  6 Pageson the Wille Lomax audit? Why or why not? Do you believe that Lauren Hutchinson behaved unethically by underreporting the time she worked on that engagement? Defend your answer. If I was in Hamilton Wong’s position, I think I would report all of the time I spent working on the Wille Lomas audit, even if it exceeded the budget. As an accountant, my ethical responsibility is to be honest and have integrity and by not reporting the actual amount of time I worked on the audit, I would be lying.Read MoreA Report On Auditor Independence1363 Words   |  6 PagesAudit Independence Assessment Item 02 –Q1 Author- I U Amarasiriwardhana Abstract This report discusses importance of auditor independence nowadays and how statutory, regulatory code of ethics has been involved in enhancing it and how non-audit services impair the independence of auditors. Table of contents 1.0 Introduction 2.0 Why Independence Important for auditors 3.0 How enhanced auditors independence 4.0 Non-audit services provided by the auditor to their audit client. 5.0 What are the arrangementsRead MoreAcct 3708 Lecture Pdf1701 Words   |  7 PagesUniversity of New South Wales School of Accounting Auditing and Assurance Services 2013 LECTURE 1 Introduction to the Audit Function Assurance Framework Australian Corporate Audits Auditing Standards Lecture Overview †¢ Announcements †¢ Overview course requirements †¢ Introduction to the course – Assurance – Auditing – Legal requirements – Auditing standards Announcements †¢ 1. Tutorial Allocation – Once classes are full no more will be admitted – No new classes will be scheduled Read MoreAn Investigation Of An Audit1561 Words   |  7 Pages An audit can be described as an official inspection of an organization s accounts and is typically conducted by an independent body. Companies often hire external auditors in addition to auditing themselves. External auditors are accountants who work independently of a particular company. They examine company records and operations to ensure financial statements are accurate. External auditors are important to establishing your small business credibility and to ensuring compliance with

The Purpose of Education Free Essays

The purpose of education is to spread knowledge to the younger generation. Without education, tradition is lost, as well as the potential of youth. For centuries, the old have taught the young. We will write a custom essay sample on The Purpose of Education or any similar topic only for you Order Now They have passed the torch of knowledge from one hand to another. Whether it was a master teaching an apprentice, or a teacher teaching a class, the tradition of teaching has been in practice since the beginning of man. Without a mentor for a child to learn from, the child will never find the truth behind the mysteries of life. The child needs to be trained to succeed and even better, reach self-fulfillment. That is why the teacher must be of the highest quality. The student will take after the teacher, not only in knowledge, but also in style and example. If the teacher has a flaw, the child will accept that flaw as his or her own. There is a special bond between the teacher and the student. The teacher must be prepared to take on the student as more than a student, but as a friend. Those, whose intelligence surpasses other’s, should be given a challenge in every circumstance available. Harder work should be provided, but not demanded. Although, those with the skills to complete such work, should not let their minds go to waste. They should harness their brain’s power to be as successful as possible. A person with college education and gained analyzing skills and deep knowledge field of studies, not only the person will be qualified and prepared for the job advertised from that company; but will also have potential to excel faster and have high salaries. College education is a very important central in everyday life. It plants the fundamentals for confronting problems and obstacles found in part of life, and being able to solve them with ease and accuracy. It gives a wide opportunity and potential in apply for higher profile jobs with good pay. It gives a person confidence in understanding life and the environment. A person with a college education will be successful in life because he understands it and knows it. An ideal system of education requires distinct characteristics. Our education system today is not quite perfect. All education institutions share a common goal. The goal is for all the students to gain knowledge that they didn’t have before in order to compete in the real world. The majority of people believe that getting knowledge is â€Å"obtaining education. † There is more to the concept that â€Å"students are depositories† and the â€Å"teachers are the depositor. Paule Friere ) The success of the students is directly connected to the environment he is surrounded. A perfect education system has to start with a comfortable environment. The teacher also has to be knowledgeable and not believe in the myth that â€Å"teachers justifies their own existence through their students ignorance absolute. â€Å"(Paule Friere) A perfect institution of education should be able to accommodate cultural change, diversity, have a strict curriculum with alternative teaching strategies, and promotes interaction among their peers. In a perfect educational system, interaction among students will greatly be encouraged. And there are many elements that need drastic change so that this educational system may be more refined and more productive. Teachers are a very important element in successfully transferring knowledge from the teacher to the pupil. In this institution, teachers are not allowed to believe that they are superior to the students. When this occurs, and the inequality sets in, the student will be hesitant to ask questions about subjects they don’t understand. When a student does this, he is unintentionally hurting himself. He will not have gain and understand the true meaning of what is being taught by the teacher because he is more focused on the educational gap between the student and teacher. The student needs to able to question everything that is being taught. By using the Socratic method, students will understand topics rather than believing what other people are saying. There needs to be a respectful relationship between the student and teacher. The student respects the teacher and the teacher respects the student equally. This relationship between student and teacher is very important journey of obtaining knowledge. There should be no other kinds of relationship. The only acceptable form is through the connection that they both share as being teacher and being student. Next, the teacher need to responsible for the materials they are covering. They need to be fluent or else the student will have doubts about the material and ultimately the teacher. The more secure the teacher is with his material the more the student will trust the material and the teacher. If a teacher is not confident and prepared, there will be doubts that will be raised in the minds of the student. More importantly, the teacher will need to care about the student and guide them towards their goal. All teachers need to know when to step aside so that the student can make progress and help the student up when he fails. The most beneficial qualities of an excellent teacher are the ability to care for the student and the encouragement teachers provide for the students. Teachers are just an extension of parents; caring and encouragement are two characteristics of parents. The next important element in a perfect educational institution, is the curriculum. There needs to be a flexible curriculum that accommodates all the different intellectual abilities of all the students. Not all the students will have the same learning capabilities. Some students may have a learning disability and others may be genuinely intelligent. The curriculum is strict but still is flexible enough to accommodate each individual student. The actual courses need to be comprehensive. The subjects being studied needs to be updated constantly by the teachers. A perfect institution will have all area of studies accessible to the students. Any particular major or subject will be left to the students to decide. When they do decide what they want to study, there will be the necessary courses to cover that major. In order for a student to pass a course, he needs to be able to teach the information he learned in that course. This teaching method is very important. If a student is able to teach something then that student truly understands it. This method of testing the knowledge of the student should be the final examination for every course. This method is more valid than the constant â€Å"question and answer† method being used today, which promotes temporarily memorization. The next ingredient in a perfect institution is the actual environment itself. Their surrounding influences many people. An intellectual community needs to look like an intellectual community. It will be located in an area, which is safe. The students need to feel comfortable. A comfortable learning environment leads to the success of the students. There should be no distractions that will keep the student from learning. With all of these characteristics, the student’s should be able to concentrate on obtaining their education. Though the task of creating and maintaining a perfect institution is a difficult task, it can be created. People need to come together with this structure and guideline in mind. The educated ones need to continue to educate others. This realization is extremely important to future students. Educated people need to think of the future and society as a whole. They need to help educate others, just as others, educated them. If all of these characteristics are met in an institution, then that institution can be labeled, â€Å"perfect How to cite The Purpose of Education, Papers

Chemical Aspects of Life free essay sample

Lab Report Experiment #3 The objective of the Reducing Sugar Test was to test if the substance has a reducing sugar in it by adding Benedicts solution and heating it, there would be a color change if a reducing sugar is present, or it will remain blue (no reducing sugar). The objective of the Starch test was to test for starch in substances by using Iodine. The iodine will cause a substance to turn to a dark blue color if it is positive for starch. The objective for the Dye test was to test for lipids. When mixed with water and the tested substance, a positive result will occur in it being separated from the water. The objective of the Protein Test was to test for proteins present in a substance using the Biuret Solution. The substance should produce a violet color within 10 drops of Biuret. The objectives of the Spit Lab were to test for starch, a reducing sugar, and ffect of amylase on a piece of bread that is positive for starch and negative for a reducing sugar. We will write a custom essay sample on Chemical Aspects of Life or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Iodine would test if starch was present if the bread solution changes to a dark black/blue color. Benedicts Solution mixed with the cracker and heated would test for a reducing sugar (if reducing sugar, it will turn from a green to an orange to a dark brownish color). The amylase was tested on a piece of potato by heating it in Benedicts Solution, the amount would make it either a green, or orange, nd the most amounts would make it brown as mine and my partners results. Introduction: To acquaint the student with the techniques used for testing for identifying organic compounds. Material: These are the materials that were used in all the experiments. Test tubes Beaker Iodine Benedicts Solution Biuret Solution Potato Bread Saliva Starch Glucose Water Sucrose Cotton Milk Tap Water Ground Peanuts Igar able Salt aklng Soda pple Juice dolasses rocedure:

Agilent Technologies Company Activities

Introduction of the organization Agilent Technologies is among the pioneer companies that offer a wide range of measurement solutions to engineers, service providers, researchers and scientists. Scientists use the company’s products to test the safety of foodstuffs.Advertising We will write a custom case study sample on Agilent Technologies Company Activities specifically for you for only $16.05 $11/page Learn More Investigators use them in their inspection of crime-scene evidence. Researchers us them to study various diseases and come up with new drugs and engineers use them to develop and test a variety of devices such as satellites and surveillance systems (Agilent Technologies, 2012). Agilent Technologies has a wide global reach with its headquarters in Santa Clara, California, USA. The company was founded in 1999 as a spin-off from Hewlett-Packard (HP) with a strategic plan of developing an independent measurement organization. The company is composed of four business groups. These are: Chemical Analysis, Life Sciences, Diagnostics and Genomics and Electronic Measurement. Agilent’s mission is to offer products and services to customers that make a positive impact in their lives (Agilent Technologies, 2012). Their vision is to maintain their position as the premier measurement company in the world while building on their capacity to offer better services and attract new markets. Apart from being a measurement company, Agilent Technologies also generates sales from the computing sector by incorporating HP’s computing, printing and imaging businesses. The industry and competitors One of the functions which the company performs is electronic test and measurement. In this industry, the companies involved manufacture equipment that is used in the testing and measurement of electric signals. They do so by use of tools such as circuit testers, ohm meters and signal generators (Hoovers, 2012a). The company’s main competitors are: Danaher Corporation (Techtronix), PerkinElmer, Inc., Teradyne and Thermo Fisher Scientific. According to Hoovers (2012b), Agilent Technologies seems to lag behind in terms of annual revenues generated in comparison to some of its competitors. For instance, the company’s revenue for the 2011 fiscal year was $6,615 million with a total net income of $1,012 million.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More These were found to be quite low figures compared with one of its main competitors, Danaher Corporation, whose revenue for 2011 was $16,090 million and a total net income of $2,172 million. However, the company enjoys an incredible lead among its competitors in terms of better performance in the industry. This is according to the Hoovers list of the top five companies in the industry (Hoovers, 2012a) where the company is ranked number one. The compan y was also awarded with the 2012 Europe Frost Sullivan Customer Services Leadership award (Frost Sullivan, 2012). This company received this award because they have a highly incorporated team of hardworking professionals. The company also shows great effort in delivering top-notch service to its customers. Potential profitability of the industry The Porter’s Five Forces model is mostly used to determine the potential profitability of an industry (Parnell, 2009). This model examines profitability by analyzing threats of new competition, threats of substitute products and services, bargaining power of customers and buyers, bargaining power of suppliers and the intensity of competitive rivalry (Hill Jones, 2009). According to the financial reports for Agilent Technologies and Danaher Corporation, both companies seem to have a steady increase in profits in the last three financial years. From the company’s financial report, Agilent Technologies had a net profit margin o f 15.3% in 2011, up from 12.6% in 2010 (Hoovers, 2012a). The company’s gross profit for 2011 was $3,529 million, up from $2,930 recorded in 2010. Basing the company’s success using Porter’s Five Forces model, it’s important to note that the company’s profitability is greatly influenced by intense rivalry and competition from similar companies. One major competitor in the Electronic Test Measurement industry, Danaher Corporation, has appeared to have higher profits than Agilent Technologies: their financial statement put their gross profit at $8,167 million for 2011 and $6,626 million for 2010.Advertising We will write a custom case study sample on Agilent Technologies Company Activities specifically for you for only $16.05 $11/page Learn More Though Danaher Corporation has higher profits and income than Agilent Technologies, the combined profits generated from both companies prove that the Test Measurement industry w hich both companies operate in is a highly profitable one. Critical success factors As in most industries, there exist winners and losers; those that are at the top of their game and those that trail behind. The Electronic Test Measurement industry is no different. Among the major companies that appear to have consistently succeeded in the industry for a number of years are Danaher Corporation and Agilent Technologies. These two companies have experienced increased levels of profits and revenues in their current years of operation. One factor that might have led to Agilent’s success is that it was formed as a spin-off from HP in 1999. HP was already a well established company then so Agilent might have enjoyed financial support for it to reach the level that it is now. Another success factor attributed to Agilent Technologies is the fact that it offers calibrations that are accredited (Frost Sullivan, 2012). These accreditations are done by various international bodies such as UKAS (United Kingdom Accreditation Service) and standard calibrations courtesy of its UK Center of Expertise. The company has also shown outstanding performance in other areas of operation such as leadership, innovation and product development. These success factors were obtained through thorough investigations and intense methods of collecting data. Other companies in the industry that don’t seem to do very well are Teradyne Inc., and PerkinElmer. These companies have been experiencing low incomes in recent years compared to other companies in the industry. For instance, Teradyne’s revenue for the year ended December 2011 was $1,429 million, down from $1,608 million in 2010 (Teradyne, 2012). This is a subpar result compared to Danaher’s revenues of $16,000 million for 2011. Failure to partner with other organizations and lack of adequate strategies could be the reason for Teradyne’s recent decline in profits.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Another critical success factor that has enabled the well established companies in the industry to experience high levels of performance is the ability to have a wide global reach. Danaher Corporation, for example, has manufacturing, sales and distribution facilities in more than 50 countries (Danaher Corporation, 2012b). According to Kose et al. (2008), one of the advantages of financial globalization is risk sharing. A company branch in a certain country might enjoy financial support from the main headquarters especially in the case of fluctuations in the local economy. This strategy appears to be critical for Danaher’s success. When an organization operates on a global scale, innovation in production and purchasing strategies will also be enhanced (Gitman McDaniel, 2008). Agilent Technologies also has facilities in over 100 countries worldwide. In addition, the company has an interactive website where online customers and partners can view Agilent Technologies’ fin ancial statements online, a move that promotes transparency in the company and instills trust in the company’s customers. The organization has also incorporated social media as part of its marketing strategies. Anyone seeking to find more information about the company can view their profile on social networking sites such as LinkedIn. This strategy also makes communication with potential customers and business partners much easier. Both Agilent Technologies and Danaher Corporation attribute most of their sales to international markets. Their management teams seek to maintain and possibly expand their international presence so as to increase their market reach. This just goes to show how this strategy is effective and a critical factor to their profound success. Factors affecting the industry Political/legal factors There are a few legal forces that affect the Test Measurement industry. An example is the European Union Restriction of Hazardous Substances (RoHs) directive (Eur opean Commission, 2012). This directive restricts the use of harmful substances such as Lead, Mercury and Polybrominated diphenyl ethers (PBDEs) in electrical and electronic products. The test measurement and analytical products of Agilent Technologies fall under the Industrial Monitoring and Control Equipment category which is out of the directive’s scope until 2017 when they will be enforced (Agilent Technologies, 2012). As a strategy to comply with the Union’s directive, the company is working closely with partners in the supply chain who also play their part in ensuring that the requirements of all products and materials are met (Agilent Technologies, 2012). The company also strives to meet Environmental, Health and Safety (EHS) legal requirements set by the International Financial Corporation in 1998. Sometimes minor incidents that do not conform to EHS standards do occur despite the many safeguards implemented by the company (Agilent Technologies, 2012). However , Agilent Technologies’ management always tries its best to report them if and when they occur. The company also keeps a close watch on these violations so that they can initiate new policies of preventing similar scenarios in the future. Economic factors Economic slowdown: A period of recession leads to a significant decline in the economic activities of any stable company. Agilent Technologies faced this hard-hitting period between 2002 and 2003 where bankruptcy saw other companies close down. Agilent Technologies, being highly diversified in terms of the range of products being offered, survived although financial reports during this period indicated an economic downturn. Antenna / RCS testing, for instance, faced an economic imbalance as the cost of showcasing the finished product became expensive as well as the amount of money required to market. Though the recession faced by many companies in the industry in the 2003 period had a massive hit on Agilent Technologies and resulted in a string of losses, the company was able to overcome this downturn and a few years later, the company is reaping the fruits of this resilience. This proves that Agilent Technologies, as well as other successful companies in the Test Measurement industry, have what it takes to withstand future tough economic times. Social factors Loyalty and trust to the customer: Satisfaction to a customer requires continuous manufacture of products that win their trust and loyalty to the company. This is achieved through production of high quality test and measurement tools. Forums to communicate with the customer on the quality and efficiency of the products are vital in clearing doubts. It is commendable that the company has a way of exchanging ideas with its customers like being on social sites such as Facebook and LinkedIn. Pollution: The materials that are used in the manufacturing and packaging of products from Agilent Technologies lead to environmental degradation. The different forms of energy used and released by the machines applied in the different fields lead to air pollution. Energy conservation is vital to the company. Although the company has managed to track down up to 15.9%, it did not achieve its 5% annual target on consumption of energy (Agilent Technologies, 2012). The company also produces greenhouse gas which has a negative impact on the environment as well as the health of human beings. Water is yet another resource that is used in the daily operations of Agilent manufacturing sites for building, irrigation and other projects. The company should therefore come up with ways of averting processes that hinder the development and growth of the natural biodiversity. Technical factors Space: The Test Measuring industry is faced by a major challenge of creating an area or space for putting up the manufacturing sites especially with the increased demand of its products by customers across the globe. Installation of power quality equipment is limit ed by space creating a reduced amount of other power supplies for commercial and industrial firms. A decline or cut-off in the amount of power being supplied to inhabited or business areas can lead to damage. The same case is also evident in the antenna/RCS measurement tests. Before the 1980s, there was usage of microwave receivers. The transmission speed was by far low and had no reliability due to its inaccuracy. Nowadays, though, there has been new development by hi-tech engineers who have gathered resources and made innovations such as network analyzers that are positively improving the performance of antennas (Frost Sullivan, 2012). The challenge of manufacturing products with high proficiency also faces many companies. Customers of Agilent Technologies insist on buying antennas that are more complex and have greater performance at the same time. This requires more time and resources to experiment before delivering the finished product. Current strategies Firm-level strategy T he company strives to provide the best environment for their employees to work in. In 2003, the company underwent one of the worst economic times in their history (Agilent Technologies, 2012). The company’s profits were at record lows and as a result, several employees left the company in search of greener pastures. Others left as a result of an inevitable retrenchment. This workforce reduction program went on for some time and the executives had to come up with firm-level strategies to strengthen support mechanisms for those who remained with the company. The strategy is to provide numerous employee incentives and treat each one of them, regardless of position he or she is entitled to work in, with mutual respect. Several initiatives have also been implemented that ensure the environments in which the employees work in are improved. The success of these initiatives have been noted and commended and despite the harsh economic conditions, the company still continues to win â⠂¬Å"best place to work† awards from different organizations across the globe (Agilent Technologies, 2012). Business-level strategy The company has drafted an environment policy dubbed Agilent’s Environment Policy as a business-level strategy (Agilent Technologies, 2012). This policy ensures customers and business partners that the company is operating under compliance of local and international standards regarding how they manage and distribute their products. In the implementation of this policy, Agilent Technologies has developed a strict program that ensures the elimination of potentially hazardous materials and substances in its products. The company’s electronic test and measurement products are also labeled to comply with China’s Management Methods for Control of Pollution from Electronic Information Products (Agilent Technologies, 2012). This move initiated in 2007 assures international customers, especially those of Asian dissent that the companyâ €™s products are safe to purchase and use. Acting in compliance with international regulations will ensure the company maintains an advantageous international recognition. This, in turn, will be both a safety measure on their part and instill trust in the company’s customers and business partners. Business-level strategies of competitors Unlike Agilent Technologies, Danaher Corporation operates through five business groups. These are: Life Sciences and Diagnostics, Test and Measurement, Industrial Technologies, Environmental, and Dental (Danaher Corporation, 2012a). Having a broad business scope and an additional portfolio goes a long way in widening customer reach which often translates to increased sales and revenue. Danaher Corporation also has a partnership venture with Cooper Industries through which it manufactures power and mechanics hand tools (Hoovers, 2012b). Marketing strategy The executives of Agilent Technologies have employed a number of marketing strategies to ensure a steady flow of income and increase the company’s revenue. A major strategy which the company has implemented is globalization. The company has tapped into the international market on a wide scale having branches in almost every region in the world. As a result of this strategic planning, 64% of the company’s net revenue in the 2003 fiscal year came from the international market (Agilent Technologies, 2012). One of the reasons that have led to this boom in international sales is the company’s commitment to ensuring its products conform to international standards such as RoHS. Another critical factor to this success is their interactive website and social media integration. Financial position and financial strategy Since the major blow suffered by the company at the end of the 2003 fiscal year, Agilent Technologies has tried its best to dust off the major losses incurred and rise to its current financial glory. From the company’s financial stat ements, it’s clear that the organization’s officials have succeeded in maintaining a high level of income. This is evident from the figures discussed previously whereby the company had a gross profit of $3,529 million for the 2011 fiscal year, up from $2,930 in 2010. The company has also been recording high revenues, the figure for 2011 standing at $6,615 million (Hoovers, 2012b). The major strategy for this recent financial boom seems to stem from cutting of business costs. After the periods of losses, the company executives saw it best to perform company downsizing and cutting down of other costs in order to prevent the company from collapsing. Since the company is a spin-off from HP, it suffices to say that it has enjoyed financial support from that company up to the level of operating as an independent company. Production and purchasing strategies To be able to remain competitive in any industry, an organization must evolve and change with technology. Agilent Techn ologies has taken note of this important aspect of sustainability by employing production and purchasing strategies. A notable strategy is in antenna measurements. Prior to the 1980s, antenna test engineers used dedicated microwave receivers for applications that involved antenna testing (Agilent Technologies, 2012). A few years on, Agilent Technologies and other organizations in the Test Measurement industry have implemented a strategy of adapting to the new technology that replaces microwave receivers with network analyzers. This move has resulted in improved stability, accuracy and reliability in instrumentation and taking measurements. The strategy has also enabled Agilent Technologies to achieve productivity improvements, especially by the utilization of the company’s new PNA series of network analyzers in several antenna/RCS measurement applications (Agilent Technologies, 2012). Other strategies A statement from the company’s HR in 2003 read that Agilent’ s values draw attention to every activity undertaken by the company. The company’s strategies in the human resource department are to create an environment where all employees practice teamwork in their assigned task. The company also conducts an employee health and safety training program (Agilent Technologies, 2012). This is where employees are equipped with the knowledge of fulfilling compliance requirements. They are also made aware of how to practice and abide by company-wide policies. This helps in making sure the employees stay informed on matters to do with the current issues of maintaining a safety work environment. This training program forms a part of a web-based learning management system which is a part of the Agilent Technologies information system (Agilent Technologies, 2012). This system helps keep track of particular employee training and development. The employee progress is monitored and improvements made where necessary. This strategy also motivates the em ployees to perform better in their designated tasks. SWOT analysis for Agilent Technologies Strengths Diversified geographical presence: Agilent Technologies has facilities in more than 100 countries and it’s providing its unique services through more than 29,000 employees (Agilent Technologies, 2012). Having its headquarters in Palo Alto, California, it has spread its manufacturing sites to many countries like China, US among others. This gives the company a strong base to perform well. Strong performance in the Electronic Test Measurement industry: Agilent Technologies is rated as the leading company in this industry, beating the likes of its competitors such as: AMETEK Inc., Hexagon AB, Itron Inc. and HORIBA Ltd. (Hoovers, 2012a). Strong reputation: Agilent Technologies has for a number of years been recognized as one of the best workplaces for employees. This was made public by several organizations like Best Employer in Asia. It was also included in Fortune magazine â €Å"100 Best Companies to Work For† as well as CAREERS the disABLED magazine’s â€Å"Top 50 Companies for People with Disabilities†. It is also through the tackling of emerging issues that arise during the implementation of environmental programs that the company can proudly enjoy its earned reputation (Agilent Technologies, 2012). Weaknesses Decline in financial resources: It is notable that there was a decline in the amount of net revenue in 2003 as compared to previous years. This can be attributed to the violations alleged to have happened in the labeling of dangerous waste as well as the issuance of waste paper permit by the administration that was in charge (Agilent Technologies, 2012). Though the company suffered a big blow in terms of losses incurred during this time, the management has made giant strides to prevent a similar occurrence in the future. Opportunities New market inventions: Agilent Technologies has provided yet another chance for its c ustomers to witness the showcasing of its latest innovation. The wideband radar generation and analysis will enable the users to effect communication using pulse building software among other innovative devices (Agilent Technologies, 2012). Many more products have been lined up for their esteemed customers. This move will ensure continuous growth for the company. Growing market demand for electronic tools: Every research institution, scientist and government institution requires electronic tools that are suited to the advancing technology. Agilent Technologies has a wide range of products that meet their customer’s expectations with great satisfaction (Agilent Technologies, 2012). This has seen its expansion to several countries across the globe. Threats Stiff competition: As companies in the Test Measurement Industry continue to flourish in terms of amounts of revenue generated and world-wide reach, new companies are starting to emerge that aim to give the already estab lished companies a run for their money. Though most of these new enterprises are small vendors, they do pose a potential threat to the existing companies. Agilent Technologies should hence employ strategies that help them maintain their position as a global leader in the Test Measurement industry. Strategic alternatives The strategies employed by Agilent Technologies have seen the company rise to the top of its league in relation to the Electronic Test Measurement industry. Bother firm-level and market-level strategies have made the organization win awards and be branded among the global leaders in the industry. However, in order to build on the strengths and try to minimize the weaknesses, the company needs to employ a few strategies to add on to the existing ones. One strategy the company can implement is partnership with other companies. This seems to be a method used by other successful companies in the industry. An example is Danaher Corporation which has partnered with Coop er Industries’ Apex Tool Group (Hoovers, 2012b). According to Radosavljevic Bennett (2012), such partnerships are highly beneficial to firms in terms of increasing revenues and generation of new ideas. Danaher can claim that this 50/50 joint venture has proven to be beneficial and has played a huge part in the organization’s success. Another strategy available for the organization is expanding its area of operation. Currently, the company operates in four business groups as previously mentioned. Addition of another business group to cater for the expanding Test Measurement industry could prove beneficial to the company in terms of increased customer base. The company has a strong command on the international market due to its world-wide presence. This move would ensure a wider reach and greater customer target. Pros and cons of these alternatives As previously mentioned, one benefit of collaborating with other organizations is generation of new ideas. The company can gain new ideas from the company it wishes to partner or associate itself with. This will ensure continuous flow of new information and new trends and entries in the market. Increase in the business groups which the company operates in will also widen the scope of customer reach on a global perspective. One disadvantage of business partnerships is that some terms and conditions agreed upon during the partnership signing may appear to favor one organization better than the other (Radosavljevic Bennett, 2012). To solve this issue, the two parties may have to agree on different ways of working together on different aspects of the business operations. A downside of having an additional area of operation may arise when the target customers fail to welcome the new business group in the positive way which the company had hoped for. Alternatives to pursue The strategic alternative that should be pursued is that of acquiring new business partners and strengthening financial ties with other organizations. Though expansion of the organization’s portfolio may increase the product reach of its global customers and increase the company’s revenues, the negative impact it might impose on the company is too much a risk to take. If the online customers of the company fail to accept the additional product, they might decide not to purchase the company’s products and services at all and this might result in damaging of the company’s brand. Partnership with other companies will also ensure the company’s brand is kept in the limelight, especially if the organization they choose to associate with enjoys a positive international appraisal. Agilent Technologies may also increase its online presence by placing adverts on partner company’s websites. Implementing the alternatives Agilent’s vision is to have strategies that have a positive impact on the environment. To ensure this aspect of being environmental-conscious is maintained, the company has gone ahead and enrolled for membership in a number of organizations. These include the American Standards Institute and Business for Social responsibility (Agilent Technologies, 2012). The steps followed in joining these organizations should be the same ones followed in seeking joint ventures with other global brands. The company has for a long time ensured that the products and services it produces conform to the set standards and applicable safety guidelines. When implementing the said strategy, the company should carry on with this positive attribute. Feedback from customers and partners should also be encouraged so that the company will have up-to-date information regarding the partner agreement process. In addition to the Agilent Customer Satisfaction (ACS) program, other programs should be initiated that enable the company get a comprehensive outlook on what customers and partners are saying about their products. The company should also work on corrective action pl ans with proposed business partners so that they can both work on the areas that need improvement. This will in turn ensure a healthy and beneficial relationship with the company’s business partners. Controlling the alternatives With over 100 facilities worldwide, Agilent Technologies should take precaution in whom and how they wish to partner with. To maintain a fruitful cooperation with other organizations and agencies as well as expand its customer base, the company should device means of controlling this strategy. As a way of performing this activity, the company’s executives should carry out a comprehensive analysis of the organization which the company wishes to be a member of or associate Agilent Technologies with. The organization should also approach the government and other legal authorities that regulate the nature of how business is conducted within their area of jurisdiction. By doing so, the company will ensure that they work within legal standards in the ir course of approaching other organizations for partnership purposes. Future prospects of the company In 2003, Agilent Technologies suffered one of the worst financial crises in the company’s lifetime. It experienced massive losses compared to previous financial years. The company suffered a colossal loss of over $3 billion in revenue (Frost Sullivan, 2012). However, the company executives did rise to the occasion and implemented strategies that have seen it rake in huge amounts of profits in recent years. That being said, the company should continue learning from its past mistakes and leverage on its present success so as not to fall back to the situation it was in nine years ago. Judging by the high growth in profits by the company and its major competitors in the Test Measurement industry, Agilent should anticipate stiffer competition as more companies try to have a bite of this growing pie. These companies which are mostly start-up or smaller vendors are slowly making their presence known and threatening the market dominance of established companies like Agilent Technologies and Danaher Corporation by creating market or product niches. By riding on its strengths in research and development, the company has for a long time focused on emerging markets such as wireless and semiconductor testing (Frost Sullivan, 2012). This strategy has ensured that the company is always ahead of its competitors, which has made it the number one target for test and measurement solutions. References Agilent Technologies. (2012, September 24). Retrieved from http://www.agilent.com/ Danaher Corporation. (2012a, September 24). Retrieved from http://www.danaher.com/about-us Danaher Corporation. (2012b, September 24). The New York Times. Retrieved from http://topics.nytimes.com/top/news/business/companies/danaher_corporation/index.html European Commission. (2012, September 24). European standards: Restriction of the use of certain hazardous substances (RoHs). Retrieved fr om http://ec.europa.eu/enterprise/policies/european-standards/harmonised-standards/restriction-of-hazardous-substances/index_en.htm Frost Sullivan. (2012, September 24). Retrieved from http://www.frost.com/ Gitman, L.J., McDaniel, C. (2008). The Future of Business: The Essentials. Mason, OH: Cengage Learning. Hill, C., Jones, G. (2009). Strategic Management Theory: An Integrated Approach. Mason, OH: Cengage Learning. Hoovers. (2012a, September 24). Electronic Test Measurement instruments manufacturing. Retrieved from http://www.hoovers.com/industry/electronic-test-measurement-instruments-manufacturing/1242-1.html Hoovers. (2012b, September 24). Danaher Corporation. Retrieved from http://www.hoovers.com/company/Danaher_Corporation/rfcyci-1.html Kose, M.A., Giovanni, J.D., Faria, A., Schindler, M., Dell’Ariccia, G, Mauro, P., Ostry, J.D., Terrones, M. (2008). Reaping the Benefits of Financial Globalization. Washington D.C.: International Monetary Fund. Parnell, J. (2009). Strategic Management: Theory and Practice (3rd ed.). Mason, OH: Cengage Learning. Radosavljevic, M., Bennett, J. (2012). Construction Management Strategies: A Theory of Construction Management. Hoboken, NJ: John Wiley Sons. Teradyne. (2012, September 24). Retrieved from http://www.teradyne.com/ This case study on Agilent Technologies Company Activities was written and submitted by user Lance Morales to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

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Issues in Educational Research Article Example | Topics and Well Written Essays - 1250 words

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