Mcbride Financial Service Governance Evaluation
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- Date Submitted: 11/21/2011 06:14 PM
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McBride Financial Service Governance Evaluation
Performance indicators are such as performance effectiveness, performance uncertainty and capital utilization. The 21st century problems are due to the lack of management and information about capital investment returns, performance cost capital amortization in solving worth declines, capital solution worth, both for current and planned, new product result value and other information needs. All these were blocked by the 20th century management. The main cause of the problems here were the theories that were developed to organize the enterprise and not the business making the enterprise doom into problems. Business was not so much of concern but how the structure of the enterprise was organized, mattered so that it was organized and reorganized according to what theories people developed (Menard & Shirley, 2008).
There was also the fundamental problem. This was failure to organize the business. Corporate governance involves managing an enterprise business. The activity of a business enterprise is to provide goods and services. These goods and services provision and distribution have to be organized for a business to be termed or qualified as organized. Without organization of what constitutes a business, then there is no business organization. 20th century organization did not consider the organization of the business; instead, it organized the enterprise into; functions, positions, units and so many others to form a contrived structure of the enterprise. Much value was given to what structure the enterprise had, and the theories were based on how they could be organized (Menard & Shirley, 2008). Menard and Shirley note that “once an organization structure is laid over the business; there can never be any management of the business” (2008).
Due to changes in the world, business must change. Recognition of fact that a business change influences the structure of the business was not in the 20th...
Performance indicators are such as performance effectiveness, performance uncertainty and capital utilization. The 21st century problems are due to the lack of management and information about capital investment returns, performance cost capital amortization in solving worth declines, capital solution worth, both for current and planned, new product result value and other information needs. All these were blocked by the 20th century management. The main cause of the problems here were the theories that were developed to organize the enterprise and not the business making the enterprise doom into problems. Business was not so much of concern but how the structure of the enterprise was organized, mattered so that it was organized and reorganized according to what theories people developed (Menard & Shirley, 2008).
There was also the fundamental problem. This was failure to organize the business. Corporate governance involves managing an enterprise business. The activity of a business enterprise is to provide goods and services. These goods and services provision and distribution have to be organized for a business to be termed or qualified as organized. Without organization of what constitutes a business, then there is no business organization. 20th century organization did not consider the organization of the business; instead, it organized the enterprise into; functions, positions, units and so many others to form a contrived structure of the enterprise. Much value was given to what structure the enterprise had, and the theories were based on how they could be organized (Menard & Shirley, 2008). Menard and Shirley note that “once an organization structure is laid over the business; there can never be any management of the business” (2008).
Due to changes in the world, business must change. Recognition of fact that a business change influences the structure of the business was not in the 20th...