The Federal Government Should Have Greater Authority On...

This paper will discuss the prevailing Canadian debate of whether the federal government should have greater authority on administering health care. Essentially, Canada’s health care program referred to as Medicare, is administered by the provinces while regulated by the federal government through the Canada Health Act of 1984. One side of the debate, using the political theory of pluralism, argues against federal leadership and instead emphasizes for provincial authority on matters of health care since Canada is inherently composed of individuals with differing interests and values. Through a decentralized framework, each province will be able to implement efficient health services that will meet the demands of its citizens. Their†¦show more content†¦The political elites also acknowledged that it would be in their best interests to respond to group demands. Barker’s second contention states that provinces can provide the best quality health care according to their demographics and socioeconomic factors. For example, Saskatchewan primarily utilizes its federal grants for a community-based approach of providing health care such rehabilitation services while Ontario primarily invests in effective hospital care. Through a pluralist approach, Barker argues that various interest groups exist that want to play a role in the decision making of national programs to meet their own needs and therefore diversities can be best accommodated when provinces lead social programs. However, an institutionalist approach can critique the pluralist contentions made by Barker. Regarding his legal contention, it can be argued that the distribution of power on health care depicted in the constitution is outdated since there were vast divisions between English and French physicians as well as differing health and religious practices during the 1800s. Due to the divisions, it was resolved that the provinces would administer public policies regardingShow MoreRelated Role of the States In Health Care Policy Essay1050 Words   |  5 Pagesconcerning health care has grown over the last 100 years. After the Great Depression, Social Security was formed; and in the 1960s, Medicare and Medicaid were enacted. Federal responsibilities grew until the â€Å"New Federalism† of the 1990s increased reliance on the states for health care (Longest, 2010, pp. 30-33). Smaller, more local government can represent its citizen’s values better, and it knows the nature of its citizens’ problems. The New Federalism did not significantly change health policy;Read MoreChild Abuse Prevention And Treatment Act1159 Words   |  5 PagesChild Abuse Crisis in America What is the difference between discipline and abuse? The Federal Child Abuse Prevention and Treatment Act (CAPTA), (42 U.S.C.A.  §5106g), as amended and reauthorized by the CAPTA Reauthorization Act of 2010, defines child abuse and neglect as, at minimum: â€Å"Any recent act or failure to act on the part of a parent or caretaker which results in death, serious physical or emotional harm, sexual abuse or exploitation; or an act or failure to act which presents an imminentRead MoreThe Yellow Fever Epidemic Of 18781658 Words   |  7 Pagesnation, and in the south, one of the most prevalent was yellow fever. Due to these diseases, a lot of public health policies were either created or changed to better suit the new issues arising. In this essay, I will argue that the Yellow Fever Epidemic of 1878 brought upon many changes in the health realm in terms of public sanitation. In order to prove the epidemic s place in the history of health policies, I will be discussing the creation of the new sewer system, waste disposal techniques, and otherRead MorePolitics And Action : Aiding Disaster Victims1601 Words   |  7 Pageschaos. o This caused a huge dispute between the national government and smaller state governments over forming a Louisiana National Guard. †¢ Overall, this caused a huge uproar since the people all over America were forced to watch the state of Louisiana while the federal government just sat and waited. †¢ This is important because it brings up the idea of what responsibilities should the federal government be obliged to versus the state government. o In order to delve into this topic, it is importantRead MoreThe Allocation Of Funds Is An Ongoing Debate1673 Words   |  7 PagesThe allocation of funds is an ongoing debate when administering all aspects of fiscal policy. Policy makers around the world routinely debate what should take precedence when it comes to government spending. In general, lawmakers fall into one of two categories. They either believe and support that more government funds should be spent on social services, or the opposing view is that more should be allocated toward defense spending. Despite what elected officials might think, there is a finite amountRead More Management Issues of Implementing Welfare to Work Programs In California3087 Words   |  13 Pagesability to get its citizens, who have depended on federal funds to support their families, to depend on their own work generated incomes. For over 60 years, the government has been financially providing a subsidized income for its needy citizens. The government has begun to look for ways to assist its needy and able bodied, welfare dependent citizens, to become much more self-sufficient. The government was also looking at ways to decrease its national debt. Government studies revealed that too manyRead MoreCode Of Conduct And An Effective Compliance Program6306 Words   |  26 PagesMedical recognizes the problem fraud and other deliberate misconduct in the health care industry poses to society and seeks to prevent and detect unlawful and /or unethical conduct by its employees and agents. Knight Medical is committed to establishing and maintaining an effective compliance program in accordance with the compliance program guidance published by the Office of Inspector General, U.S. Department of Health and Human Services (â€Å"OIG Guidance†). Through this Compliance Plan, Knight MedicalRead MoreAccidental Death, Domestic Violence, And Alcoholism3641 Words   |  15 Pagesaccidental death, domestic violence, child abuse, and alcoholism as well as other social problem† (Brave Heart, 1998, pp. 60). The huge ethical considerations that have emerged out of this case for me is to be culturally competent. â€Å"Social workers should continue to obtain education about and seek to understand the nature of social diversity and oppression with respect to race, ethnicity, national origin, color, sex, sexual orientation, gender identity, or expression, age, marital status,Read MoreFema And The Federal Emergency Management Agency4711 Words   |  19 Pagesâ€Å"On April 1, 1979, President Jimmy Carter signed the executive order that created the Federal Emergency Management Agency.†1.Year in and out, a disaster can strike at any moment and put millions of people in danger and wreck billions of dollars’ worth of property. But, this is where the Federal Emergency Management Agency (FEMA) steps in and up to the plate. FEMA works â€Å"as part of a team helping communities reduce their risk, helping emergency officials prepare for all hazards, and helping peopleRead MoreS tandards Of Care And Emergency Preparedness Essay3381 Words   |  14 Pages10/15/16 – Standards of Care and Emergency Preparedness Unit 1 The nursing professional of today, have come a long way in achieving the Standards of Care (SOC), participating in the decision making of policies. Ethics learning according to the Code of Ethics should be practiced with every patient you come in contact with, advocating and providing the right treatment for your patients. This unit was informative about the Standards of Care, which is an important guideline for the nursing profession

What Makes An Animal Or Plant - 1257 Words

What classifies an animal or plant to be listed as an endangered species, endangered specie is either an animal or plant that is in danger of elimination. When looking for endangered species I came to stubble upon endangered European specie that was the beluga sturgeon. The beluga sturgeon is a beautiful fish that is a proud member of the sturgeon family. The beluga can be found mainly in the Black Sea and the Caspian Sea. When looking at the beluga appearance it undertakes as a huge long bony fish, their skin consist of smooth elastic tissue like rubber and since they are so bony the bones act as a protection against other predators. Also the beluga sturgeon has a tail similar to a shark with a whisker like sensor near their long mouth which help them sense when its time to eat. Not only are they huge long and bony but they reach lengths of 24 feet and weight up to 3500 pounds. The fish it self is has a very unique lifestyle in the sense that it spends its life in oceans such as the Caspian sea but only reproduces in rivers or lake. What is fascinating about the beluga sturgeon is that the larger they are the more likely they are to survive, ranging for more than 105 years. The beluga sturgeon diet consists feeding of other fish and the beluga sturgeon is considered one of the largest destructive fishes on earth. Even though these fish can live over 105 years they mature very late down their life that causes problems when it is time for spawning or reproducing new eggs.Show MoreRelatedSimilarities Between Plants And Plants1124 Words   |  5 PagesI think that animals and plants are different and the same at the same time because animals are loving and caring about things and plants just dont do that. Plants are good because they give us food to feed people with and they can give animals shelter so they can hide from other animals that are eating them.There is one plant that eats mosquitoes and that is very interesting because that means some plants have to eat two. Animals are the ones that hunt and plants hunt for food twoRead MoreEndangered Species, How to Save Them and What Would Happen if We Dont875 Words   |  4 PagesMaybe to common. In this world there are many plants and animals going extinct. Often times humans can get what want and need: like food, shelter, warmth, and help. Sadly plants and animals can not just get what they want; they have to survive. Many time the environment will harm or make it harder for thee plants and animals to survive off of what they find, not what they buy. As humans, we need plant and animals to survive. Many of the plant and animals are used for medicine and so could be curesRead MoreHow Do Living Things Interact1733 Words   |  7 Pagesunless we take good care of it. Living things interact by: 1). Viruses Learn about viruses and their surroundings, and how they are created. What is a Virus A virus s a small, NONLIVING particle that invades and then reproduces inside a living cell. Viruses are considered nonliving because they are not cells. They cannot: * use energy to grow * make food * take in food * produce waste Like living organisms: they do multiply. Examples of Viruses There are many viruses in the worldRead MoreAristotle And Heidegger s Views On What A Human Or Beings Are862 Words   |  4 PagesHeidegger have conflicting views on what a human or beings are. Although, there are some similarities to each of their set of ideas. Aristotle has a clear hierarchical framework classifying the differences between humans, animals, and plants. Heidegger opposes this strict definitions by discussing this idea of â€Å"Dasein† which states of being there. Although, their approaches to this topic are different with the types of question one asks and how they theorize about what is a being. There is key similaritiesRead MoreCompariosn of Animal Cells and Plant Cells Essay506 Words   |  3 PagesAll plants are made up of different plant cells. Plant cells are considered eukaryotic cells they have a nucleus. Inside a plant cell the DNA is located inside the nucleus. The nucleus is basically a headquarters for a eukaryotic cell. It also stores the genet ic information for a cell. Organelles are also located inside plant cells. They have important jobs inside the cell they produce energy for the plant cell and they also produce enzymes and hormone. A plant cell has a cell wall which surroundsRead MoreAdaptations in the Rainforest649 Words   |  3 PagesEver wondered how humans, plants and animals adapt to the harsh environments of the rainforest over time as they reproduce? In this essay, we will discuss how they adapt over time. This will tell how the people adapt to the weather of the rainforest and can withstand the intense heat. We will learn how the animals adapt to the environment around them compared to when they were first brought to the rainforest. This will also show how plants adapted and now thrive in the area of the rainforest thatRead MoreThe Impact On The Biodiversity Of The Ecosystem That Was Destroyed By The Exxon Valdez Oil Spill878 Words   |  4 PagesOn March 24,1989 many animals lost their lives due to a huge man-made disaster.In the first paragraph I will be talking about what happened,why it happened,and how it happened. In the second paragraph I will be talking about discussing the impact the issue h ad on the diversity of species in that environment. In the fourth I will be devising a step-by-step plan to restore the biodiversity of the ecosystem that was destroyed by The Exxon Valdez Oil Spill. Then I will be rediscussing, and basicallyRead MoreDifference Between Plant And Animal Cells1309 Words   |  6 Pages CELL OBSERVATION LAB By Alexandra Escaja-Heiss, Ashley Reeves, Christine Constant Period G1/B3a - Living Systems 10/22/15 Purpose To identify the difference between plant and animal cells, recognize their structures, and to better understand the various functions of those cell organelles. II. Background In 1665 Robert Hooke used an early light microscope to look at a thin slice of cork. Under the microscope the cork looked to have thousands on empty chambers, whichRead MoreHumans Need to Preserve The Ocean Essay1558 Words   |  7 Pagesperiods of time become available, new information about sea life and there ecosystems surface. The vast ocean covers more than 70 percent of planet Earth’s surface (NOAA). However researchers and scientists have explored less than five percent of what really lies under water (NOAA). Leaving behind and amazing ninety-five percent left for new information to be found and researched. Sadly the amount of exploration of the ocean is low because the danger that come with researching such a vast oceanRead MoreThe Human Of Endangered Species1309 Words   |  6 Pagessomething as small as a plant or as large as a bear is taken from the cycle of life, there are major effects that occur and bring negative problems. Humans are most likely the ones to blame for endangering these species. But global warming has helped play a part in it as well. Even though the answers to solving the problem on saving endangered species are known and well aware of, not enough of the human has reached out to lend a hand. The greed of mankind is taking away plants and animals habitats. It is

The Brethren By John Grisham Essay Research free essay sample

The Brethren By John Grisham Essay, Research Paper The book I read was The Brethren, by John Grisham. It was a suspense book. Three Judgess, called The Brethren by their fellow captives, lived in a really minimum security prison. They had merely begun all right? tuning a mail cozenage that extorted homophiles with households and tonss of money. Then, they snag the incorrect individual, person really powerful on the exterior. It seems The Brethren? s yearss of scamming are over. This was a great book for many grounds. The first ground is it was kind of two-base hit sided. What I mean by that is it explained 2 narratives at one time, the narrative of Aaron Lake and the narrative of The Brethren. I liked this because it helped to understand the state of affairs a batch better. It besides helped understand the characters a batch more excessively. Another thing I liked about this book is the fact that the cozenage was superb. We will write a custom essay sample on The Brethren By John Grisham Essay Research or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The Brethren had nil to free because they were already in prison, and they had so much to derive. These ( the victims of the cozenage ) were people who couldn? t talk against The Brethren for fright of being caught by their households. One illustration of the fact that the victims couldn? t study this to the constabulary was when The Brethren snagged Quince Garbe, who lived in a little town an vitamin D who? s father owned a bank. If Quince spoke out against The Brethren, he would free his male parent? s heritage to the bank, and the whole town would disrespect him. After he gave the Brethren their asking monetary value of $ 100,000, they instantly asked for another $ 20,000. He had no pick but to pay them. Another ground I liked this book was it showed how corrupt our authorities could be. Aaron Lake reasonably much bought the election, acquiring about 60 million dollars from defence contractors in return to duplicate the military budget. Of class, he did hold rather a spot of aid from the C.I.A. who staged events in the Middle East to increase enthusiasm for the twofold military budget. On a graduated table of one to five ( five being the highest evaluation ) I would give this book a 4. It was a reasonably good secret plan and you didn? T know what was traveling to go on next. You didn? T know if The Brethren would nail Aaron Lake or if the C.I.A. would strike hard off The Brethren before they could nail him. I would foremost urge this book to anyone that likes reading because you have to wish reading in order to bask a longer book like this is. But if you are an experient reader, and you know what you like, so this book is for people who enjoy enigma, play, and great stoping.

The VeriFone Company

Background VeriFone Corporation was founded in 1981 by William Melton. This company started specializing in the automation and delivery of â€Å"secure payment† and other payment-related transactions to several markets from the time it was set up. The limits for the company’s business operations were set by its mission.Advertising We will write a custom case study sample on The VeriFone Company’s Organizational and Operational Issues specifically for you for only $16.05 $11/page Learn More The company’s mission was; â€Å"to create and lead the transaction automation industry worldwide† (Stoddard, Donnellon and Nolan 2). The founder of VeriFone Corporation was an entrepreneur who had a habit of hating structure and bureaucracy. At the time he founded the company, it started by offering simple electronic check verification systems. A short time later, the company widened its base and started offering â€Å"low-cost, ter minal systems for the retail end of credit card and check authorization† (Stoddard, Donnellon and Nolan 2). Later on, in the year 1997, the company was offering a wider range of products which included â€Å"smart card technology for merchants, internet payments solutions for merchants, banks and consumers, client/server payment processing solutions for financial institutions, and products to enable the emerging consumer home banking marketplace† (Stoddard, Donnellon and Nolan 2). Before the year 1996 ended, the company had engaged in the distribution of over 5 million transaction automation systems that had in turn been installed in more than one hundred nations across the world. The revenue that was received by the company in 1996 was more than four hundred and seventy million dollars and the profit was over thirty nine million. This was a quite remarkable performance. VeriFone grew rapidly starting from the early 1990s all through to the mid-1990s and during that per iod, the annual growth rate was in excess of 25 percent. The company has been driven by research and development. The research and development in the company has â€Å"consistently exceeded 10 percent of sales since the company’s founding† (Stoddard, Donnellon and Nolan 3). Market Analysis The company operated in a competitive market whereby other operators offering similar products gave it some stiff competition. Operating in such an environment requires a company to move first and to come up with the best strategies that can enable it to win the competition. In this line, VeriFone put in place appropriate measures that enabled it to remain ahead of the competition. The company’s traditional terminal and printer products received competition from products that were offered by vendors such as Hypercom. More so, in regard to the smart card market, the company received competition from companies like Schlumberger and Diebold.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Considering the virtual world, several start-up and traditional companies existed which looked for ways to define that marketplace. This company had to counter all these. According to Stoddard, Donnellon and Nolan, basing on a research report that was released by the International Data Corp, a research firm based in Massachusetts, â€Å"the internet portion of the electronics commerce market alone was expected to reach $95 billion in the United States by the year 2000† (Stoddard, Donnellon and Nolan 3). VeriFone’s manufacturing facilities are established close to global manufacturing excellence centers. This is what enabled it become market leaders. In the year 1998, each month, they were delivering about 122, 000 systems. The leadership position held by this company in secure payment solutions came to be noticed by many and among these was Hewlett Packard. The Hewlett Packard Company acquired VeriFone at a cost of 1.9 billion dollars and this took place on 25th June in 1997. In the course of the entire 1990s, VeriFone â€Å"has consistently held market shares in excess of 60 percent; being four times the size of their nearest competitor† (Stoddard, Donnellon and Nolan 3). Some players in the financial sector were stunned by the arrangement made by Hewlett Packard with VeriFone of the one-for-one swap. It is reported that one employee of VeriFone noted that, â€Å"HP purchased us for our internet products and strategy†¦however, today those products generate less than 10 percent of our revenue† (Stoddard, Donnellon and Nolan 3). The analysts who understand the payment industry and familiar with VeriFone, held a belief that Hewlett Packard made a very shrewd decision to â€Å"invest in a small, entrepreneurial business organization which has global leadership in high growth markets† (Stoddard, Donnellon and Nolan 3) . Considering this clearly, the move taken by HP to acquire VeriFone, a company that was performing well in the global market, would serve to help it to improve its performance. Strategic Analysis The company has a number of core values and they include; â€Å"commitment to excellence, dedication to customer needs, promotion of teamwork, recognition of the individual, a global mindset, and ethical conduct† (Stoddard, Donnellon and Nolan 5). These values were instilled by Melton and other founders of the organization. A larger number of these values illustrated the company’s culture in the year 1997. Immediately after Tyabji came to office as the company’s president in 1986, he deliberately took measures to speak out these values over and over again in order for them to remain at the heart of VeriFone’s internal as well as external activities. This leader took an initiative to personally write a corporate philosophy manual and did not get tired â€Å"evan gelizing† about this philosophy to the employees in the company.Advertising We will write a custom case study sample on The VeriFone Company’s Organizational and Operational Issues specifically for you for only $16.05 $11/page Learn More He influenced the management to set up other new ways that could be used to pass over information about the corporate values and offering â€Å"guidance to the far-flung work force† (Stoddard, Donnellon and Nolan 5). Such a move is quite remarkable and an organization that undertakes this improves its performance to a high level. Embracing the company’s values by the employees and the management plays a major role towards achieving the organization’s objectives. This company’s enthusiasm to discover the customer needs in order to satisfy them was produced and seean in a number of ways. On a constant basis, the top management was basically having two questions: â€Å"where is the customer’s pain? Can VeriFone generate some income by lessening or doing away with this pain?†(Stoddard, Donnellon and Nolan 4). For any company to succeed, it needs to identify a need among the consumers and strive to satisfy that need and the company is in turn rewarded in the form of the profits that are realized through high demand for the product that serves to satisfy the need of the customers. The company seeks to avail the product to the customer, ensuring that this customer is well informed and obtains the product in the most convenient way possible. VeriFone put facilities close to the markets that were coming up and the technical employees were requested to take trips to where the customers were in order to familiarize themselves with them. The principles that drove product design at VeriFone included high volume, reliability, and value and low cost. The combination of the company’s customer responsiveness culture and its IT capacity always produced g reat results. This can be illustrated by pointing out one incident that took place. A new sales representative, who was operating in Greece, was given information by a large client that a company’s competitor had engaged in raising concerns about the expertise in debit cards that VeriFone had. The sales rep sent an email to the company requesting for information concerning debit installations and any references which could assist him to make the sale. Within a period of 24 hours, he had received 16 responses and ten references. The day that followed, being now in a position to say that VeriFone had four hundred thousand installations all over the world, the sales rep closed a very big deal with the Greek bank (Stoddard, Donnellon and Nolan 4). In the present business world, another important concept that is assisting the organizations to win a competitive advantage is knowledge management. Information has to be shared across the company and this is what had enabled VeriFone t o widen its customer base and increase sales.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In the year 1997, there were three sales organizations which were geographically-based. In the U.S, VeriFone delivered its secure payment system products directly to â€Å"major retailers, petroleum companies, convenience stores, banks, and transaction processors, and indirectly to retail merchants, healthcare providers and government agencies through a variety of distribution channels† (Stoddard, Donnellon and Nolan 4). In other regions such as Europe, Africa, the Middle East, Asia, Canada and Latin America, the selling of this company’s systems solution was done in a direct manner to the merchant service providers and it was also done directly through a network of distributors referred to as â€Å"VeriFone International Partners† (Stoddard, Donnellon and Nolan 4). Moreover, VeriFone client/server and network management software products, as well as its systems integration services for the internet, were directly sold to the financial institutions, processors a s well as to retail organizations (Stoddard, Donnellon and Nolan 4). The choice of the way to distribute and sale products depend on some factors. A successful organization is the one that chooses the right distribution channels and VeriFone has proved to be one of them. As the significance of a company’s product increases, the company has to take appropriate measures to respond accordingly in order to continue serving customers effectively. After recognizing that the importance of software and services was increasing, the company added two more business groups. One of them was the ‘Centum Consulting Group’ which was formed in the year 1996 in order for it to offer advisory services to the clients in regard to the electronic payment strategies and alternatives. The other one was Professional Services group which assisted in designing, building, supporting and managing electronic payment solutions for the VeriFone’s clients (Stoddard, Donnellon and Nolan 4) . Operations Management Each and every company operating in whichever industry has to develop a particular culture that has to be adopted by the employees and the management in order for it to be successful in its operations. VeriFone developed a culture of sticking closely to its values that it set up. Since its inception, the company’s management has identified â€Å"individualism† as being a starting point of inventiveness. The formalization of this practice was carried out in the year 1987 with, as pointed out by Stoddard, Donnellon and Nola, â€Å"the philosophy document publication which stated clearly that; the people who know best how the job should be done are the ones doing it. We involve employees directly in the management of their own areas of responsibility†(Stoddard, Donnellon and Nolan 5). When the employee described what it was like being an employee at VeriFone, they characteristically gave out comments which served to give evidence that the co mpany was actually dedicated to this deal. An example is given of one employee who was asked about what he felt was special about the VeriFone Company in which the response was that; â€Å"the people, its culture of urgency and the autonomy to do your own things† (Stoddard, Donnellon and Nolan 5). When the senior vice president in charge of global marketing and software division, Lloyd, was asked to comment about the company after being there for one a half a years, his response was; â€Å"VeriFone is the biggest start-up that I have ever seen. There are pockets of innovation everywhere† (Stoddard, Donnellon and Nolan 5). As it may be established, this company developed a culture that promoted commitment among the employees and the management towards achieving the set goals. Any organization that offers a chance to its employees to be innovative is in a better position to identifying and capitalizing on opportunities and in turn achieving high performance. It was point ed out by one senior executive in the company that the best description that can be given to VeriFone environment is that it is an entrepreneurial one. Those executives who attain success at this company are normally those who are driven to succeed and those who obtain self-esteem from the work they do. The company has a workaholic culture (Stoddard, Donnellon and Nolan 5). It was also pointed out by another manager in the company that those in the management positions at VeriFone are not told what they are supposed to do. â€Å"They are held accountable for their actions/performance but this is an environment where people are rewarded for taking risks and trying new things† (Stoddard, Donnellon and Nolan 5). Allowing people in an organization to come up with and to present new ideas or being innovative and in turn rewarding them for their positive contributions encourages them to work even harder with much enthusiasm to ensure the company’s goals and objectives are ac hieved. There is need to put in place some clear incentive plans. Employees who are motivated feels they are part and parcel of the team and will always work hard to ensure the team wins. Some incentive plans were put in place for the company’s employees as well as for the executives. In the year 1995, there was introducing of a profit sharing plan. Under this plan, the company’s employees were given a payout equivalent to approximately 5 working days of base salary earnings in a situation where the company would have achieved its â€Å"target net income after taxes equal to 9% revenue† (Stoddard, Donnellon and Nolan 7). On the other hand, the incentive plan for the executives was not similar to this one. A description was given by one of the executives that; â€Å"the profit-sharing plan encourages innovation and risk taking†¦..the benefits of succeeding are very great and the penalties for failing are not so great as to discourage you† (Stoddard, D onnellon and Nolan 10). For those executive having significant business unit responsibilities, the company’s plan offers bonuses on a â€Å"steeply ascending sliding scale† beginning from a minimum of 10 percent o a maximum of 100% of salary for going beyond the financial objectives for the net income as well as EVA. It is noted that, †there are no financial consequences for not meeting objectives, but everyone knew Tyabji noted and remembered such performance disappointments† (Stoddard, Donnellon and Nolan 7). The success of this company and subsequent market leadership can as well be attributed to such incentive plans. Opportunities and Challenges Globalization has caused great changes in the global market. These changes have brought in opportunities which the business organizations have capitalized on as well as challenges that organizations have been trying to overcome. Considering the case of the industry in which VeriFone has been operating, it is rea lized that, following the increasing globalization; the nature of electronic payments are expanding at a very high rate, with the technologies that are coming up creating new opportunities in the markets such as; internet and consumer systems. In the year 1996, it was pointed out by the Company’s Chairman, CEO and President, Hatim Tybji, in the letter he wrote to the shareholders that; being the world leader in electronic payment systems, VeriFone Company is in a better position of leveraging its competencies, the company’s clients and technology partner relationships, and its resources in pursuit of these opportunities. He is quoted to have said â€Å"†¦.just as we made ‘Slide and Go’ credit and debit card transactions fast, secure and easy, we are aiming to make ‘Click and Go’ secure internet transactions a standard payment solution† (Stoddard, Donnellon and Nolan 1). In the year 1997, during the month of July, the VeriFone Compa ny went through a transition. It was at this point that HP acquired it and the various internet strategic alliances â€Å"positioned VeriFone for the future† (Stoddard, Donnellon and Nolan 1). However, management challenges came in at this point following the changing nature of the company’s products. It is reported that one of the company’s employees pointed out that: â€Å"Historically VeriFone sold gray boxes. Today, we are selling client/server Java-based systems and a myriad of peripheral devices. The skills that a sales person needs to be successful are fundamentally different†( Stoddard, Donnellon and Nolan 1). While the company’s president looked to the future, he had to make sure that the company had the suitable sales force as well as resources to develop and sale the company’s future products as well as services in the global market. Financial Management Every organization engages in managing and controlling its fiancà ©s to ensu re effective operation and each organization may set up its own unique plan depending on the decisions made by the management. The annual planning process in VeriFone Company commenced with the senior management setting up a three-year plan. â€Å"The financial targets for Economic Value Added (EVA), revenue and GM were then proposed for and negotiated with, each business unit† (Stoddard, Donnellon and Nolan 8). The tracking of performance was carried out on a weekly basis by the controllers and there was sharing of this with the top 250 individuals within the company (Stoddard, Donnellon and Nolan 8). The introduction of the EVA measure had just been done recently as an executive performance measure. This one encompassed the fixed assets measures, accounts receivable and inventory management and it constituted a half of the bonus of an executive. This half or 50 percent was on the basis of the revenues and the contribution margins. Zaelit, the company’s senior vice pr esident in charge of the Finance and Administration Division, characterized the company’s controls generally as â€Å"fluid and relevant† (Stoddard, Donnellon and Nolan 8). The company’s senior vice president for Global Marketing and development, Lloyd Mahaffey, pointed out that; whereas the business metrics are of great significance, on the other hand, they were not necessarily the best effectiveness measures in the market. Lloyd Mahaffey went on to give a description of a set of marketing activities which he referred to as â€Å"constantly tuning in to the market† (Stoddard, Donnellon and Nolan 8). The accomplishment of this tuning was realized through sending e-mails, having face-to-face communication with the clients, making conference calls with the field representatives, reading information on customers, the competitors, and channels as well as information on technology. Lloyd’s direct reports gave weekly revenue projections, the contribution margin, fresh business prospects and the targeted dates for closing. Control measures are very important for any company. When appropriately applied, they assist in reducing costs and improving performance. Workers within the organizations are expected to meet particular set targets. The executive vice president in charge of manufacturing and distribution division, Jim Palmer, characterized his control measures in VeriFone in the following manner: My organization is expected to meet costs and dates and exceed quality†¦more explicitly; manufacturing is expected to systematically reduce cost of goods sold and development is expected to release products for production when we said we would. Additionally, it is understood that managers and employers at all levels are expected to meet their commitments and improve. When I review the performance of managers in my organization, 20% of the review is focused on how well we are meeting operating goals, and 80% is focused on what we are doing to improve. We must prevent atrophy (Stoddard, Donnellon and Nolan 8). As it has been established, by 1997, VeriFone had an impressive performance and had a very promising future. In 1996, the company received total revenue of over $470 million and its net profit was over $39 million. This performance was higher than that that had been realized in the precious year (1995). There was a 21 percent increase in the revenues in the year 1996 as compared to the previous year. In 1995, the revenue was about $387 million and the net profit was about $32.5 million. The net profit had also risen by about 21 percent. This was not the starting point for the company’s growth and good performance. The company had grown rapidly starting from the early 1990s all through to the mid-1990s and during that period, the annual growth rate was in excess of 25 percent. Basing on the measures that were being taken by the company and on its past performance record, the company was set to grow ev en more. Conclusion Having an agreement that it will go on operating separately as a wholly-owned subsidiary of HP, the VeriFone Company seemed to be destined towards having continual success. In a similar manner, the strategic alliances in which the company got involved including those with such companies as Netscape and Microsoft among other technology vendors gave a suggestion that this company was well positioned. While the company’s president, Tyabji, together with the company’s senior management team forecasted in to the future; their intention was to ensure their attention was focused to make sure that the company remained to be a leader in the payments marketplace. The organizational as well as the operational issues were in the forefront of what they had in mind. Works Cited Stoddard, Donna, Donnellon Anne, and Nolan Richard. â€Å"VeriFone (1997)†. Harvard Business School Review 398.30 (1999): 1- 20. This case study on The VeriFone Company’s Organizational and Operational Issues was written and submitted by user Lauren O. to help you with your own studies. 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