Saturday, February 29, 2020

Skills Development Essay Example | Topics and Well Written Essays - 2000 words

Skills Development - Essay Example Additionally, it is a task of knowing your personal weaknesses, coming up with plans of action on how you can improve them (Lumley and Wilkinson, 2014, p.1). Lumley and Wilkinson (2014, p.1) add that there are more graduates looking for jobs, therefore, a person needs to have distinct features in order to stand out of the crowd. Graduates need to provide distinctive evidence that they not only possess transferable skills, but also special kind of mindsets. Basically, a key factor for employment is a person’s mindset, which is characterized by varied attitudes that are often demonstrated through a range of activities. For example, the extracurricular activities that people engage in. Richard (2009, p.7) advises that, the development of accounting staff should not be neglected as this can be a long term detriment to a business. The fresh graduate’s portfolio needs to have a multiple knowledge base with a range of skills that are acquired through the university curriculum and then consolidated by practice. Indeed, a variety of technical skills assist professional accountants to satisfy their employers by conducting their work efficiently and effectively. Essentially, functional and technical skills involve a range of general skills and skills that are specifically tailored to the field of accountancy. The skills required include, risk analysis and decision making, numeracy skills, measurement skills, reporting skills, and compliance with regulatory and legislative necessities (Oussii and Klibi, 2013, p119). The accounting profession has faced a close scrutiny due to failure of high-profile corporates, globalization, and mutable technologies. As a result, more employers are in quest of a diverse range of attributes and skills as a requirement to offer employment (Kavanagh and Drennan, 2008, p. 280). K avanagh and Drennan (2008, p. 280) assert that,

Wednesday, February 12, 2020

A reflective piece on change initiative and applied work based change Essay

A reflective piece on change initiative and applied work based change in which you will apply the theoretical perspectives. iden - Essay Example However change management to be successful requires effective percolation and transmission of vision and mission objectives amongst the people at different levels. Involvement of human resources is considered as a prime concern for implementation of changes adapted. The people pertaining to different levels are required to be trained and communicated accordingly to make them understand the benefits and advantages related to the change process. Similarly the people must also be encouraged to render effective feedbacks relating to their problems and grievances owing to the requirement to perform in a changed environmental setting. This process put in place helps in the designing of adequate teams in the organisation that would contribute in the accomplishment of the new organisational objectives (Cameron and Green, 2004, p.79-80). Organisational Change in Retail The demand for fashion merchandises is countering dynamic changes owing to changing tastes and desires of the people around t he world for which fashion retail companies are required to bring about changes in the operational processes and accordingly adapt new vision and mission objectives. Retail concerns thus needs to incorporate processes that would help in effectively tracking changes in the demand scenario and thereby help in effective ordering for the right stocks. Working as a store manager in a fashion retail concern rendered a clear understanding about the factors for which the sales figures were countering a fall each month thereby leading to loss of revenues and goodwill. Fall in demand for the garments led to undue stock piling both in the store and warehouse thereby also creating a financial impact on the organisation in terms of locking of working capital. Thus it was strongly felt that the retail organisation needed adequate changes both in the vision and mission guidelines and also needed the incorporation of effective technology and process to help serve the organisational objectives. The main problem identified here related to the failure of the right merchandise to reach the stores from the warehouse at the right time. This fact thus led to the consumers perceives the unavailability of the required merchandise at the store leading to loss of potential demand and business for the retail concern. Thus it was required for the retail organisation to take resort to the process and concept of ‘Fast Fashion Retailing’ and also to implement technological and process changes thereby. ‘Fast Fashion’ is held to be a retail business strategy that aims in helping the retail concerns in effective reduction of lead times thereby contributing in the right merchandising of the stocks required to be sold (Barnes and Lea-Greenwood, 2006, p.259). Henceforth incorporation of technological changes relating to use of RFID (Radio Frequency Identification) Technology enabled scanners was also strongly felt that would help in rightly tracking inventory movement and thereby inform about the ‘hot sellers’ and the ‘unsold stocks’ (Thomas, 2008, p.98). Along with the above stated process and technological cha