Corporate Reporting and Global Accounting - Essay Example

Only on StudentShare

Extract of sample
Corporate Reporting and Global Accounting

The different managerial techniques used by management department are R & D management, Human Resource management, Total Quality management, Just in Time (JIT) concept and communication management among others. But intellectual capital management is little different from these managerial tools because it takes into account the intangible component of an organisation's wealth. Intellectual capital directly influences the customers, human and structural factors which are considered as the three major pillars of any organisation. Certain degrees of mismanagement in intellectual capital can lead to high risk to growth and sustainability of the organisation. It has been found that the organisations which had performed well in the past had managed to handle these pillars in best possible manner such as attaining shortest processing time, constant improvement in the quality standers within the whole organisation, reduction in waste and maintaining optimum number of employees (Source: Al-Ali, N. 2003, p. 8).
But the tricks of the trade are fast changing. ...
Download paper


In present world, every organisation should be a learning organisation and for that intellectual capital provides support. Intellectual capital is a combination of commitment and competency of workers like how they think and perform their duties along with how the organisation forms policies for getting the work done (Ulrich, D., "Intellectual Capital = Competence x Commitment").
Author : kaialeuschke

Related Essays

Global leadership
A single dimension does not suffice all in multinational leadership development. The skill set and capabilities required of leaders in different countries differ, especially in cases where a planned expansion is set to be carried out in an emerging economy. Those differences have consequences for corporate leadership development and aptitude stratagems. The exigencies on leadership are both contractual, in which case, the enterprise is concentrated on the operations and implementation, and transformational, in which case, the enterprise is concentrated on instigating and establishing a...
7 pages (1757 words) Essay
Corporate Governance and Social Responsibility
This could be attributed to the fact that many of such organisations concentrate much on maximising profits and forget to look into issues revolving around factors that could lead to the maximization of the profit (Gray Koury and Lavers 1995). Therefore, the main concern about CSR should be an inclusive outlook of the overall welfare of the organisation’s stakeholders. In this regard, it is critical for organisations to first understand every need of all stakeholders’ whist concentrating on fulfilling these needs (Hohnen 2007). In essence, CSR entails organisations continued commitment to...
10 pages (2510 words) Essay
Corporate Crime
s of the one society'....
6 pages (1506 words) Essay
Principles that are freely adopted without external constraint enable companies to find solutions and make improvements that regulations alone could not achieve. Recommendations require the commitment of executives running the business and the development of expertise and internal processes. Above all, responsible business conduct requires a sustained effort by everybody in the company. A key element of a company's organizational development is promoting the importance of responsible business conduct and ensuring that new managers are well versed in this area....
12 pages (3012 words) Essay
Audit Committees
A key element in the corporate governance process of any organisation is its audit committee (Source:
10 pages (2510 words) Article
Global Monoculture
The development of consumer monoculture was originally a conscious effort of various colonists. For example, the French government advisor on colonial affairs, D. Goulet, states, "traditional peoples must be shocked into the realization that they are living in abnormal, inhuman conditions as psychological preparation for modernization" (Rockwell, 1994, p. 34) Expanding on this concept, Goodenough, an anthropologist, states...
4 pages (1004 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!