Answers for the question Assignment Example | Topics and Well Written Essays - 1250 words

Answers for the question - Assignment Example GSK wants a diverse portfolio, where it does not only focus on one specialty and product, but is open to different sources of research, services, and ideas. It also wants access to Sirtris’ unique entrepreneurial culture and distinctive scientific advantages. In other words, GSK wants to stay big but become nimbler by dividing its large bureaucracy into smaller scientific units. It has introduced several changes already to hasten its new product development process, but so far, its overall culture and design remain bureaucratic, at least for Sirtris which is a biotech firm and is used to less bureaucratic controls and processes. b) What challenges are facing the managers responsible for the integration process? That is, what must Slaoui be concerned about? Westphal is concerned that GSK’s bureaucratic design and culture is affecting Sirtris’ entrepreneurial culture and management system. In particular, his concerns are time management, people management, and othe r small, but important, issues (Weber 9). Time is essential to research work, but Westphal observed that GSK is eating most of his time through constant meetings with many people, who are not always critical to decision-making and other managerial processes. Westphal thinks that he should be doing more work, as well as his scientists, but the incessant meetings directly interfere with their research activities. Furthermore, people management is a key issue for Westphal. GSK has not provided him autonomy in making significant hiring, firing, and compensation decisions like he used to. Westphal wants to make these decisions that are crucial in keeping the entrepreneurial spirit of Sirtris. Finally, Westphal is concerned of small, but also important issues, such as media access, petty cash, and science publications. He wants some degree of autonomy on these issues because relying on GSK for these decisions only delays decision-making and can dampen the sense of control over these perti nent small tasks (Weber 9). Essentially, Westphal is wary that Sirtris is becoming more like GSK instead of the other way around. Slaoui generally has the same concern as Westphal, but more of macroeconomic in scope, because he wants an efficient and effective integration between Sirtris and GSK. Slaoui’s main concerns are employee retention, management integration, and DPU integration. He is concerned of employee retention, when scientists have different motivations, especially when biotech companies and big pharma companies attract different kinds of scientists. Biotech company employees are more focused on the science and tend to easily shift from one company to another as their interests change or if companies change, while big pharma scientists value stability and career progress (Weber 9). The right reward and management approach must appeal to these different motivations, but the right balance is tricky. Furthermore, Slaoui is unsure where to put Westphal and Dipp (Web er 9). He wants to retain them because of their valuable scientific and management capabilities, but he does not know if they are happy with

The impact of E-commerce on the auditing standards Dissertation

The impact of E-commerce on the auditing standards - Dissertation Example Continuous innovation in the information world has drastically changed the nature of works of business organization as well as of individuals. Substantial dependence on information system has also enhanced individuals’ innovative power. Today people can not only dream about some spectacular thing, but they can actually give a realistic shape to their dreams with the implementation of information system. For example, a few decades ago it was even beyond imagination that people can get the opportunities to enroll themselves in any foreign universities without making any physical presence. But continuous and spectacular innovations in the field of information technology have made people dream about distant learning where they can be in continuous touch with their tutors and college administration without making there physical presence in college campuses. Thus information system not only revolutionized they way people do their works, but also the way people think. In this age of highly improved information age ecommerce has become a very popular term. E-commerce can be defined as â€Å"the use of electronic transmission medium (telecommunication) to engage in the exchange, including buying and selling of products and services requiring transportation either physically or digitally from location to location. Introduction of ecommerce has been found to have produced some positive effects on economic performance of a country. It offers innovative ways of selling, delivering and receiving of goods and services and affects almost every industry and all aspects of business mechanisms and in this process dramatically contributes to productivity enhancement of the industries. In the field of auditing, ecommerce has been taking its place at very fast pace. However, it would be The proposed study will consider a particular set of widely used auditing standards in order to evaluate the effects of ecommerce on that set of auditing standards. For the purpose of the pro posed study, the impacts of ecommerce on US GAAS (US Generally Accepted Auditing Standards) will be studied. Thus the theme of the study can be written as follows: Effects of e-commerce on a particular set of auditing standards, i.e. US GAAS, in terms of the application of US GAAS and the outcomes. However, before proposing research questions and relevant research methods, it is very necessary to look into the findings of existing literatures in the relevant field of study. Given the research theme stated above, a number of research questions and corresponding hypotheses should be postulated in order to asses the impact of ecommerce. Now, one thing should be mentioned at this juncture in order to understand the next section that a number of factors are associates with the application of a particular set of auditing standards. The most vital factors are audit planning and implementation of audit plan. The research questions that should be presented later in this proposal should take into account all these facts. Apart form these, some parameters relating audit plan and implementation of audit plan should be taken into account in this research in order to measure the effect ecommerce on these variables. The literature review section should explain all the issue relating to impact of ecommerce on auditing, issues concerning audit planning and issues relating to proper implementation of audit plan. All these will provide required explanations of the research questions to be postulated after the literature revi