Innovation Essay Example | Topics and Well Written Essays - 250 words - 3

Innovation - Essay Example on X or Y worker; cafeterias, flexible working schedules as well as the 20% policy which allows each employee to make use of one day every week researching on a unique and innovative project of their own liking. Very few companies can afford such luxuries on their employees. Secondly, Google has built a product innovation culture. Thus numerous new products as well as services can be found from Google at present and engineers are persuaded to constantly create new ones. Google creates its own internal human resource together with talent management system, created on the conviction that Google can go on and do it â€Å"better.†Something that few organizations can afford to do (Carter & Ulrich, 2005). Some of Google’s products have gone on to become market leaders such as Google maps, Google Finance as well as Gmail which all penetrated the market with strong deep-rooted competition. Thus through strong execution and innovation every one of these products has taken on a remarkable market share in a very short length of time. Additionally when the corporation notices an incredible opportunity to penetrate via acquisition, it wastes no time and thus takes the plunge (Blogger and YouTube).Clearly Google’s long term victory is dependent on its ability to create a learning culture that embraces change, admits mistakes honestly, makes heavy investments in the winners and innovates continuously. Carter, L., & Ulrich, D. (2005). Best Practices in Leadership Development and Organization Change:How the Best Companies Ensure Meaningful Change and Sustainable Leadership. New York,NY: John Wiley &

Accounting and Society Research Paper Example | Topics and Well Written Essays - 3500 words

Accounting and Society - Research Paper Example Each business has its own industry and it has its own operational style. And, in each industry, various and numerous products and their diversified versions are available for the purpose of sale or for the purpose of subsequent processing. With the passage of time, and due to the boom and increase of diversity in the business world, it becomes more relevant and practical to introduce and implement new accounting theories and accounting standards for the purpose of harmonizing the business structure in the most appropriate and relevant structure. Thanks to this sort of thinking and approach, today, we have different specializations in the field of accounting than ever before. On the one hand, financial accounting serves the purposes and objectives of the external shareholders and stakeholders; on the other hand, management accounting helps internally; providing the best possible combination of accounting information that can be used for the purpose of making most appropriate and relev ant budget, cost, and management-related decisions. Financial accounting users prefer to see the aggregate performance of a company; for instance, they prefer to see whether the company has performed well in comparison with the financial statements of the previous year. And to what extent, the company has been successful in ensuring the achievement of its financial corporate goals and objectives. On the basis of comparative analysis, the shareholders decide and take their financial decisions. The users of financial information can be creditors, suppliers, shareholders, regulatory and government bodies and so on. It is the role of regulatory bodies like, International Accounting Standards Board, and other government bodies to ensure that whether a particular company has applied and complied with all the basic and fundamental regulations and standards. This compliance is necessary for companies and society as well. The compliance of standards ensures that the company understands the n eeds of all the relevant stakeholders and shareholders. Compliance of relevant accounting standards and legal requirements ensures shareholders that their financial investment is not at stake; rather, it is being used according to the relevant and applicable standards. In order to ensure that a company has fully or partially applied standards while preparing its annual or bi-annual financial statements, the public limited companies are required to publish their annual financial and non-financial information for the purpose of informing the general public. This explains the concept of free market, where the accounting and relevant