The Great Crew Change Research Paper Example | Topics and Well Written Essays - 1250 words

The Great Crew Change - Research Paper Example This crisis which resulted into a significant gap in the workforce by both ages and experience was referred to as the great crew change. The great crew change has created major dilemmas to the oil industry as the baby boomers are currently approaching their retirement age leaving insufficient and less experienced workers to continue with the projects. This presents a possibility of losing the tribal knowledge in the sector, irrespective of how hard and vigorous the recruitment drive is done. This paper will therefore discuss the impacts of the great crew change, its scope of effect and the overall steps that have been made to mitigate the situation (Clark, Davidson, Guilford & Parry, 2006). The expected mass exodus of experienced petroleum engineers is expected to have impacts on various countries including but not excluded to the United States. The depression that affected the oil industry in the 80s and 90s affected major developed economies and this has been attributed to the experience gap that is currently witnessed in the industry. Companies operating in the oil and gas industries in different countries of the world are facing the great crew change according to a workforce forum conducted in cape town in 2008. Despite the fact that the United States statistics on workforce gap being available, the effects have been felt in other countries with some countries suffering from the knowledge gap most (Irgens, 2008). According to the Brazilian NOC petrobras, the 90s was occasioned by minimal recruitment of geoscientists and petroleum engineers. This resulted into a situation where the scientists in the company either have 10 years less experience or even more that 20 in some instances. The Indian economy and oil industry has also been affected by this phenomenon according to the Indian national oil company which believes that the perceptions that were created in the 80s and 90s pushed away potential engineers (Clark,

NIVEA Case Study Example | Topics and Well Written Essays - 750 words

NIVEA - Case Study Example optimization, it is important for the company to ensure that its budget is well allocated so that it can effectively meet its objectives in meeting the objectives outlined in its marketing mix (Jaccard 2013). This includes ensuring that besides achievement of the objectives, it should have a good and reliable supply chain for delivering the products to markets at the most convenient times as needed by the customers. Having made a good household brand, it is the company’s duty to ensure that it consolidates on its management and marketing strategies to consolidate its market share in the increasingly competitive world. With proper planning, Nivea Company can manage to rely on the success of this brand by creating and implementing growth and development strategies (Nivea Visage Young 2015). One of the ways to achieve this goal will be a consistent market research, which will ensure that the company understands knows new competitors emerging in the market as well as their competitive strategies (Jaccard 2013). In this regard, Nivea Company will be better placed to develop counter approaches that will ensure that it retains its market share and competitive advantage. Another important approach that the company will have to implement includes understanding methods of employee satisfaction, which will ensure that it has a pool of highly dedicated employees, who can discharge their duties in the interest of the company (Nivea Visage Young 2015). This is because, in many instances, the success of a company does not just rely on the best and innovative strategies that it develops but rather, it is their full implementation. Having the best and productive staff is as good as having monopoly over an essential resource in the industry, thus excellent company success. As the company heads in the future, its managers have a duty to ensure that they develop growth strategies ad systems that will cement its position as the market leader in the industry. According to Jaccard

James Hurst’s short story “The Scarlet Ibis” Essay Example for Free

James Hurst’s short story â€Å"The Scarlet Ibis† Essay People with pride always do the right things. Sometimes they can make they pride better, but they are cover with a sorrow in their mind for what they have done. These people often have a happy life, but they are holding sadness. In James Hurst’s short story â€Å"The Scarlet Ibis† Brother helps Doodle because it makes Brother feel good about himself. Helping Doodle makes Brother feel good because he was embarrass for having a handicap brother. For instance, bother was ashamed for â€Å"having a brother of that age who couldn’t walk. †(557).This shows that brother hates Doodle because Doodle cannot walk. This also shows that brother did not want Doodle to be alive because he was embarrassed for having a cripple brother. An example of Brother embarrassed because of Doodle was when he â€Å"having a cripple brother.†(559).This show that Brother was mad about Doodle could not walk. This also shows that people could kill someone for their pride. Another example of Brother was embarrass for having a handicap brother was when Brother taught Doodle how to walk and saying that the people â€Å" did not know that I did it for myself.†(558). This shows that brother was helping Doodle to walk. When Doodle started walking, he was not embarrassed anymore because he having a normal brother now. This also shows that Brother take his own hand to help Doodle, but he did it for his pride. Brother was a bad person for what he had done for his pride, but not for Doodle. Brother was selfish for what he had done for himself. This visualized how Doodle had trying hard to learn to walk for Brother pride. Brother help Doodle to do thing and it makes him feel good because the other people were happy for what he had done. For instance, the family was happy because Brother â€Å" had taught him how to walk.†(559).This shows that Doodle start walking makes the family and Brother really happy. This also shows that Doodle was not thinks that Brother taught him how to walk because of Brother pride. Another example about the family was happy about what brother had done was when the family hugs Brother, so he â€Å"began to cry.†(559).this shows that brother was happy to have a normal brother, he was happy because everyone thought he was a hero. This also show that Brother was ashamed because of what he did it for himself, but not for Doodle, so he cried. Furthermore, the family was happy about What brother had done, and the family â€Å" Dance together quite well†¦Ã¢â‚¬ (559). This show that the family is celebrating for Doodle and cheering for Brother, so brother was really happy. This also shows that Bother is proud of himself, he realize that Doodle is really special for him because Doodle make him happy. Brother was happy and also sad for what he had done for Doodle Helping Doodle makes Brother feel good because he wants Doodle to be normal like other kids. For instance, Bother was happy to teach Doodle â€Å"to run, to swim, to climb trees, and to fight.†(559). This shows that brother have faith in Doodle to do other things beside walking. This also shows that brother believed himself and Doodle ability. He knows that he could done more for Doodle. In the same way, Brother wants Doodle to be normal so he gave Doodle â€Å"swimming lesson or showed him how to row a boat.†(560). This shows that Brother begin to teach Doodle how to do things, so Doodle does not have any problem later. This also shows that Brother cares more about Doodle more than his pride. He pushed Doodle to be normal like other kids. Furthermore, Brother wants Doodle to be normal and Brother made Doodle to â€Å"swim until he turned blue and row until he couldn’t lift an oar.†(560).This shows that Brother pushes Doodle over the limit to make him to do things. This also shows that Brother makes Doodle tired even if Doodle has physical problem. It is too much for Doodle to handle. Brother was pushing Doodle too much to learn stuff even if Doodle is tired. Doodle could be dead because he was sick. Pride makes life meaningful for people, but sometime their pride can be bad because of what people did I life. Like Brother, people can take advantage to make their pride better. Sometime these people care about their pride, but not the other.

Prepare A Personal Development Plan Nursing Essay

Prepare A Personal Development Plan Nursing Essay This paper seeks to prepare a personal development plan in my objective to become a leader in an organization. I will analyze the requirements of the targeted job in relation to my inventory of skills including my strengths and weaknesses in relation to the requirement of a goal in mind for which I am willing to know my deficiencies in terms of skills. I will therefore have to make an action plan on how to correct my deficiencies and to improve on my weaknesses to take advantage of my strengths in attaining a target job that I want to have and quality of a person that I want to happen as a result. 2. The Goal, Requirements, Deficiencies and the Strategies 2.1 My goal and its requirements The goal of this plan is to be able to attain the position of Pricing analyst which requires the following: having strong analytical skills and ingenuity to provide logical solutions to nonstandard issues, having a strong mathematical aptitude as well as well developed communication skills (written and verbal), being computer literate (including working knowledge of Excel and Word) and possessing the values of resourcefulness, organizational skills and ability to coordinate activities across company function. It further requires having demonstrated ability to work well under pressure to meet critical deadlines, having the ability to adapt to changing priorities and handle multiple tasks and having an exceptional attention to detail and problem solving skills. 2.2 Determined deficiencies and the causes of their perceived causes of having them Using as basis the job requirements and compare the same with my present inventory of skills, I found out that the targeted job requires the need for demonstrated ability to work well under pressure to meet critical deadlines as well as at the ability to adapt to changing priorities and handle multiple tasks. I believe this requires utmost patience on the part of person to be hired for the job. A patient person will not be easily being cowed into giving up for pressure as the person would normally consider pressure as part of the job. A patient person will also find the need to adapt to changing priorities and handling multiple tasks to be part of the challenge. I definitely need to be more patient partly because of my attitude of perfectionism which is rather out of proportions sometimes. Further comparison of my inventory of skills with the requirement of the job revealed that my verbal communication skills are weak as may be proved from past experiences when I have delegated tasks to people that resulted to some misunderstandings. I have diagnosed the in many instances times about the reasons for these misunderstandings and I found them in failure to make my instructions in a way that may be fully and intelligently understood. In wrongly believing that my own understanding results to my teammates understanding, I really have made a short cut of effective communication which is creating inefficiency to my job. I find deficiency also in my organizational skills as evidenced by my having overlooked a lot of times important details in my job because of deficient communication skills, failure to delegate and ineffectiveness if making motivations to my people. 2.3 Strategies to address deficiencies with corresponding time table The way I am going to tackle these leadership deficiencies is to set up a plan where I can draw on personal and others feedback. I have talked to my manager, supervisor, and other coworkers and they have agreed to provide feedback to me on these three subjects. I am going to keep a journal, as well, so that I can track my own thoughts and feelings about how I am handling and improving in these tasks. Also, I plan to do some research on all there subjects so that I may obtain further information on these subjects. The following are the things that I plan to do within my time table. Improving Patience On the basis of the above, I found out that I really lacked patience; I have decided to increase my patience in more systematic manner. My high anxiety level, which causes me to get short with people, could really be bad if I will not improve my patience. I am planning to monitor my progress and evaluate myself weekly on my patience levels. In a year I want to get to a point where I can handle any situation, no matter what that entails. I want to get to the point where I dont let my anxiety interfere with my job duties and interactions with other. Having stated earlier that lack of patience may be caused by my attitude of perfectionism, I feel addressing the latter is crucial to my development as a person for the desired job. Perfectionism makes me feel that I should always be imposing to people the highest requirement for many work activities without may be considering their capacities. My strategies for improvement of correction of said perceived caused of lack of patience are to analyze the importance of having something perfect in relation to realistic goals of every activity. Since every activity may have its deadline, I would devised an improve schedule so that I will not push myself unnecessarily on things. But since I may never know if I am progressing on this activity, I would measure my progress and my criteria for measuring the same would be to have less frustration with progress while ensuring that work is still successfully accomplish. The time table for this is one month intervals Improving communication One of the requirements of the targeted job is having a strong mathematical aptitude as well as well developed communication skills (written and verbal). Finding my skills to be lacking in this respect, I have decided to effectively improve my verbal communications skills continually by relying on feedback from manager and supervisors in my present job as well as peers and family and friends. In my own analysis what is causing my poor communication is the spontaneous and impulsive comments to teammates as I perceived bad comments in return making such irresponsive comments which offend their feelings, hence I would really need to reflect on how my comments would affect others. This is in addition to developing of course and an effective communication plan verbally and in writing. To know whether I would be progressing I would be recording my observance of the absence of negative peer reactions as well as my observation of positive oral feedback from family and friends. I am also giving month intervals ask for feedback from peers and family/friends Improving organization skills Organization will be one of my other big hang-ups and I think this should be evaluated daily by keeping a journal of my tasks as well as a calendar to avoid mistakenly overlooking anything. I believe this will take time to improve, and with the help of my observations, research, and others feedback, I could o be proficient in the skills within the next three years. For the meantime I have short goals as explained below. One way to improve this is to through having the skill to improve delegation. My rather poor delegation is basically rooted in the fear of poor teammate contributions resulting in team failure. I believe this could be corrected by building on trust with my team mates by being first becoming a trust worthy person. Delegation entails trusting people to do it with confidence to their abilities under given circumstances. In the case of team mates, I would have to realize the extent also of my influence so that I would not be ending up delegating everything. In addition I should be developing a system of evaluations of teammates since it is only in giving them the proper feedback that they would have the chance to improve themselves. The time table for this of course, requires that at checkpoints of project, I will have to assess feelings of comfort of myself and my teammates and address any problems immediately as may be necessary. Another way of correcting this perceived weakness is to utilize an equal work policy. Under this arrangement, some my teammates would not necessarily be burdened with having more than expected and this will have a chance of reducing really the fear of poor teammate contributions resulting in team failure. Still another way of accomplishing this strategy is for me to build in checkpoints for making sure that projects are on time. This simply means that making a reliable schedule to monitor and follow through that projects are on in fact accomplished on time. As a way of measuring my progress in this strategy, I would have to be chance to measure my progress, with myself personally performing less work that would result to utilizing more time to proper and maximum functioning of my teammates. This development should also be seen in my new developed ability to trust teammates that would lead more to better relationships with them by having a confidence in the result of their work. Another way to improve organizational skills is to improve my forcefulness in motivating people. As a consequence of poor communication skills, my capacity to motivate or move people is just as limited to a great extent. My strategies for this target is includes attend additional classes on leadership (Erez, M. et. al, 2001), reading pertinent books on motivation (Maddock and Fulton, 1998) and utilizing an effective communication. Motivation on organization is a big deal since organization basically involves people who need to have the internal drive to what they need to do. Given the fact that organization may not provide every thing what workers may need, I can top a great potential from them by knowing each of my team mates and really find out what drives to excel of perform better in their job. I would only be able to verify the attainment of these targets if there are positive responses of others to my improved motivational skills. If small goals get accomplished I would be pretty sure that I making a great motivation job on my teammates more often Another way of measuring the accomplishment of this strategy is the reality of having an accomplished goals and positive team responses. The time table to evaluate others responses and behaviors would be to undertake each monthly. 3. Conclusion Based on the above plans I believe I would be able to attain the target of becoming a price analyst. The requirements of the targeted position are very clear and I was honest enough to use the requirements to gauge whether I could actually satisfy the same. Driven therefore by the realization that I needed some skills, I should have the courage to correct my deficiency by tracing what are the behaviors that are causing me not to have the much desired requirements of the targeted position in terms of skills. I have categorized the some major requirements of the job as requiring the value of patience from the need for demonstrated ability to work well under pressure to meet critical deadlines as well as at the ability to adapt to changing priorities and handle multiple tasks. So important is the value of patience in the job and which I have carefully analyzed could be acquired by training me to consider work pressures as normal consider s part of the job that would also help me to adapt to changing priorities and handle multiple tasks to be part of the challenge. Improving communication between me and the people in the organization was could be by addressing the behavioral cause, that is the spontaneous and impulsive comments to teammates that I commit sometimes based from perceived bad comments. I would just have to stop offending their feelings by my having an honest reflection on how my comments would affect others. This is in addition to developing of course and an effective communication plan (Thorson and Moore, 1996) verbally and in writing which may involved the applicable of basic principles of effective communication that would be read in theory and experience if the actual workplace. Getting the right feedback from peers and friends would accomplish much for this. Improving my communication skill is also closely related with improving organization skills which I will have to develop over time through my observations, research, and others feedback. Having targeted to be proficient in the skills within the next three years, I believe would be realistic enough considering my targeted developed skills for communication. To improve organization skill requires me to improve delegation which I found to having been restricted by my fear of poor teammate contributions resulting in team failure. Being correctible by building on trust with my teammates by being first becoming a trust worthy person, I believe that my decision to delegation put me in the very right path to fully attain an integrated organizational skill (Heller et. al., 1998). I am however cautioned by knowing some limits in my planned delegation by doing still what I need to do best under the circumstances in avoiding to delegating everything. By my honest development of a system of evaluations of teammates, that would give them the proper feedback, I am hoping for the best about the accomplishment of this plan. Appendix: Chart of Personal Development Plan Skill to Improve Causes of Behaviors Strategies Measurement Time table for Assessing Progress Patience Perfectionism Analyzing the bad effects of too much perfectionism Making a working schedule Effective delegation to team mates -reduced frustration -successful accomplishment of work without much stress Will be monitored monthly Delegation Fear of poor teammate performance Make a system of evaluation of teammates Make an à ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€¹Ã…“equal work policy. Making sure that deadlines are followed Less work to be performed more time for the main requirement of the job Assess feeling of teammates if delegation is received with respect Effective Communication Irresponsible and impulsive comments Reflect on the effect of comments and reduce the same if necessary Design and effective communication plan Absence of negative peer reactions Positive feedback from friends, managers and supervisors Must be confirmed monthly Motivation Poor oral and written communication skills Read good books on communication skills. Attend seminars related to Office communications Willingness of others to have more responsibilities Attained output targets Evaluation should be done monthly or as often as possible

Contrasting the Natural and Mechanical Worlds in Hathaways Oh, Oh Essa

Contrasting the Natural and Mechanical Worlds in Hathaway's Oh, Oh      Ã‚   The French poet and essayist Louis Aragon, in his Paris Peasant, wrote that "light is meaningful only in relation to darkness, and truth presupposes error--we only exist in terms of this conflict, in the zone where black and white clash" (Aragon 18).   Aragon noted that the world is full of contrasts, and it is through those contrasts that we live and understand who we are and why we are here.   Without an understanding of light, Aragon argues, we cannot understand what darkness really is.   Or, without an awareness as to the concept of truth, one cannot possibly error, for the act cannot be defined.   In William Hathaway's poem "Oh, Oh," the poet uses language, word choices, images, onamatopoeic descriptions, and even the title of the poem to define the intrusion of the mechanical harshness of the world into the carefree land of nature.      Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The images, content, and focus of the poem change with the intrusion of the train.   Before the protagonist's girl notices the train, the two characters are concerned with the cows, grass, and simply ambling down a country lane.   But, as soon as the train approaches, and as it passes, the characters are no longer concerned with nature.   Rather, they suddenly begin dreaming of "being president" (11) and of "wonderful, faraway places" (14).   This switch from the serenity of nature to the dreams of the world finally ends with the poems last line -- a punishment or at least a warning.   The tranquil and peaceful nature suddenly becomes filled with "fifty Hell's Angels" (17).   But, more than simply motorcycles waiting at a railroad crossing, Hathaway has personified the motorcycles creating the mechanical Hell... ...orld where two universes are defined through their contrast.   Through his world choices, images, and even his title, we are transported to a picturesque country landscape with "moo cows chomping daisies" (2) and "maple dappled summer sunlight" (7).   Standing at a stark contrast to this land is the "lit headlight" (8) of a passing train and "growling [...] Hell's Angels" (17).   Hathaway, through his firm grip of language, has recorded a poem that, through contrasts, gives us an understanding of both the natural and mechanical world in an attempt to show us how we can "look / eagerly to the road ahead" (16-17).       Works Cited Aragon, Louis. Paris Peasant. Oxford: Oxford UP, 1926. Hathaway, William. "Oh, Oh." The Bedford Introduction to   Literature: Leading, Thinking, and Writing. Ed. Michael Meyer. 4th ed. Boston: Bedford, 1996. 593-94.      

On Images :: Senses Philosophy Papers

On Images Concrete images are like pictures in the mind's imagination which have been transferred from real objects through the eyes. Abstract images also exist in the imagination, but are not easily described or communicated. Both images interplay in various ways as a person experiences emotional, dream and pure thought states of consciousness. Despite the interplay, the two kinds of images do not merge or meld into a third image type as a graduation between the two. Concrete images change, sometimes drastically. They never become abstract images, however deformed they are. Abstractions are somewhat assumed and exist as spontaneous and at times irrational images in the mind's eye. Light, reason, infinity and nothing are examples of abstract images which cannot be given accurate visual representation. Images take on different meanings with regard to language, death, prayer and society or politics; but the two types remain distinct. All human beings experience both concrete and abstract imagery . However, the level of ability to think abstractly varies from person to person. For Aristotle, the most important and most enjoyable of the senses is the sense of sight. (1) The human eye receives an image with the use of light. Vision of the physical world outside ourselves occurs as light reflects off objects, passes through the eyes, and presents an image to the mind. It is believed that these images are not unique to any single person because they are communicated and described back and forth, thus weakening the solipsist's struggle. In this paper, abstract and concrete images will be defined by way of discussion of the imagination and the mind. Apparently the mind functions in such a way that many images happen without any mechanistic equation to tell us how. The imagination is familiar and so are the images, but it is the wonder and challenge of how they interact that deepens our understanding. It is contended here that the line between the two types of images is stark and obvious, and not a graduation. Images are either concrete or abstract, without any i n between. By concrete image we understand a sort of picture present when we are seeing something or as we close our eyes and remember it. The image seems to be present as a form outside ourselves in the object and in our mind simultaneously. It is an image which has color and real properties like shape and texture. On Images :: Senses Philosophy Papers On Images Concrete images are like pictures in the mind's imagination which have been transferred from real objects through the eyes. Abstract images also exist in the imagination, but are not easily described or communicated. Both images interplay in various ways as a person experiences emotional, dream and pure thought states of consciousness. Despite the interplay, the two kinds of images do not merge or meld into a third image type as a graduation between the two. Concrete images change, sometimes drastically. They never become abstract images, however deformed they are. Abstractions are somewhat assumed and exist as spontaneous and at times irrational images in the mind's eye. Light, reason, infinity and nothing are examples of abstract images which cannot be given accurate visual representation. Images take on different meanings with regard to language, death, prayer and society or politics; but the two types remain distinct. All human beings experience both concrete and abstract imagery . However, the level of ability to think abstractly varies from person to person. For Aristotle, the most important and most enjoyable of the senses is the sense of sight. (1) The human eye receives an image with the use of light. Vision of the physical world outside ourselves occurs as light reflects off objects, passes through the eyes, and presents an image to the mind. It is believed that these images are not unique to any single person because they are communicated and described back and forth, thus weakening the solipsist's struggle. In this paper, abstract and concrete images will be defined by way of discussion of the imagination and the mind. Apparently the mind functions in such a way that many images happen without any mechanistic equation to tell us how. The imagination is familiar and so are the images, but it is the wonder and challenge of how they interact that deepens our understanding. It is contended here that the line between the two types of images is stark and obvious, and not a graduation. Images are either concrete or abstract, without any i n between. By concrete image we understand a sort of picture present when we are seeing something or as we close our eyes and remember it. The image seems to be present as a form outside ourselves in the object and in our mind simultaneously. It is an image which has color and real properties like shape and texture.

Computerized Budgeting

Computerized Budgeting MGMT 360 Budgeting has been a major part of forecasting how companies spend their money throughout the fiscal year. In most companies, the words â€Å"it’s budget time†, strike fear in the hearts of employees. Financial officers and management accountants brace themselves for reconciling reams of spreadsheets that may reveal wildly different data depending on order and configuration. Non finance employees in various divisions scurry to understand their role in the budgeting process and struggled to pull together the facts and figures they hoped would appear attractive to management. Traditional budgeting was carried out on a pad and pen, archived in countless journals and ledgers and often stored in boxes and crates. Retrieval was a difficult task. Today, computerized budgeting (E-Budgeting) solutions have streamlined and transformed the budgeting process at all levels of an organization. This research will show the factors that contribute to every day individuals to government; that are now using E-budgeting for accurate budget and bookkeeping strategies. Before the days of calculators, computers, and the internet, companies had to budget their finances the old fashioned way. Many accountants had to have countless ledgers, journals, and books filled with the next fiscal year’s projections. At the end of the year they had to go back and reconcile all figures and see what they could do to make the next year even better. This was a very demanding task, since all they had to use was scratch paper, abacuses, and lots of ink. Since technology was not yet able to provide ease to these tasks, the actual task of budgeting and bookkeeping was costly and largely ineffective. Traditional budgeting had many problems. Many employees of companies were unaware about what the company needed in order to make the budget work. With many employees not knowing what information was important and what wasn’t, many budgets and forecast tools were inaccurate. Another weakness was that historical data and past budgets were harder to access. Steve Hornyak of Management Accounting Magazine explains: â€Å"The biggest drawback of traditional budgeting systems is the inability of participating individuals to access and use historical data during the budgeting and planning process. In fact, employees or managers attempting to allocate their sliver of the company funds often work in a vacuum. Without access to historical budgeting information, creating a budget from the ground up or making alterations to the existing budget may become tedious — and sometimes futile — tasks for nonfinance users† (Hornyak, 1998). With employees unable to contribute true validity to the budget and the key historical data missing, bookkeeping was quite difficult. Another stumbling block traditional budgeting presented became obvious when separate departments or different regions within a parent company would try to pool their records together. All figures and numerical records were united and the CFO would make a final projection. However, if one department’s figures were off or slightly miscalculated, the company’s budget as a whole was inaccurate. Companies knew that something had to be done. Ian Henderson of Management Accounting Magazine states: â€Å"The majority of the problems encountered with budgeting arise from managing the process itself†¦The choice for large [organizations] is either to loose many of the undoubted benefits in planning and control offered by budgeting or to apply a software solution to the process and make it less troublesome, less costly and more effective† (Henderson, 1997). Computerized budgeting allows departments using the same program, to bring all figures into one general location, saving countless man hours. With the introduction of advanced data-entry techniques, the undertaking of budgeting each year became easier and easier. Computers helped add and subtract much faster and more accurately, so entering key figures in a spreadsheet became the wave of the future. It made life easier for accountants so they could show their finance departments and other clients exactly how money was going to be spent. It helped create exact figures making pie charts, line graphs and other figure representatives accurate. E-Budgeting has many different aspects and facets. The most useful part of e-budgeting is that it completely automates the budgeting process. Steve Hornyak defines e-budgeting: â€Å"An e-budgeting solution completely automates the development of an organization's budget and forecast. †¦ Web-based enterprise budgeting systems offer a centrally administered system that provides easy-to-use, flexible tools for the end users who are responsible for budgeting† (Hornyak, 2008). The author of the article points out how the technology computerizes the process of making an effective budget. This helps anyone from a small family to a government department with the means of tracking and monitoring a budget. As technology continued to advance, these methods became easier to obtain and utilize. Anyone from the smallest Mom & Pop Store to government officials could enter the necessary information and see exactly how and where their money was going to be divided. Once the internet was created, companies could create inter-office emails and memos making sharing the information that much easier. Companies were able to save money and focus man power more effectively with each new and improved software addition. Most programs used to make budgets that are available to the general public are stand alone applications. These programs stay on the same computer they were created, and don’t need to interact with other software or computers on a related network or the internet. The data created and stored on these programs also stay in one centralized location. This type of budgeting is useful with small families and companies since there is no need to let the information reach the wrong hands. Programs and applications that use outside servers and client formats are usually associated with bigger companies and departments that have many employees over different parts of the country. Some companies use programs that interact with many different financial agencies across the country and even the world. Financial Executive Magazine reviewed a new service offered by Ebudgeting. com and explained its useful tools: â€Å"Ebudgets. om, a specialist in Web-based budgeting and planning technology, has delivered ebudgets 3. 0, a release that it says give large and complex companies increased â€Å"dynamic control† over their budget processes. The software automates budget consolidation, giving management an immediate budget overview† (14, 2000). These companies need services such as this when there are multiple stores or divisions of a parent company. CFOs and other executives need an instant overview of how certain regions and departments are doing financially, in order to make informed decisions and executive judgments. Having budgeting tools that are able to integrate with other financial programs or systems is quite a useful feature. Companies have learned how to create tools and make the entire financing process become one easy process. A company out of Richmond, VA, The Bookkeeping Department, created a product with the same qualities. Accounting Technology Magazine explains: â€Å"Key to the success of The Bookkeeping Department is the deployment of an electronic document management solution that integrates with the most prevalent SMB [Small –to-Medium Business] accounting system, Intuit's QuickBooks†. Scott Vaden. , President of The Bookkeeping Department, found the perfect integrated solution in CNG-Books, Cabinet NCi's electronic document management system that streamlines Quick-Books data entry and document filing into one consistent and efficient electronic process. By uniting QuickBooks transactions with business documents, CNG-Books makes filing, locating, and sharing documents simple, seamless, and secure† (SR25, 2008). This new program is an excellent example of how financial agencies and departments are able to share information and help ease the process of bookkeeping. Using computerized budgeting tools and programs have many benefits to a company. One major benefit is helping to cover liability when it comes time to interact with the government and make figures public. For example, many times companies who had prepared taxes using older budgeting and bookkeeping methods were held responsible for any mistakes made, costing a company unnecessary fines and expenses. Now with computerized assistance and internet support, companies can avoid such penalties. Wayne Shulz of Accounting Technology Magazine explains: â€Å"Even the best payroll staff can make mistakes with the confusing array of payroll tax deposit rules. Nearly every payroll processing company protects you against costly tax deposit penalties and interest by guaranteeing timeliness of your online tax payments†¦If there's a mistake in computation or timeliness, the processor pays and not your company† (Shulz, 2009). This shows how using computers and having interacting financial agencies saves companies money. Another way computerized budgeting helps companies is by bringing together different parts of the company thus increasing employee participation. Once the process of making a budget is streamlined, many employees don’t mind being apart of it. Lesley Meall of AccountancyMagazine. com spoke with Dave Turner of Coda Inc. in a recent issue. Turner was quoted as saying: â€Å"'We are seeing a lot more collaboration on budgeting,' he says, and the process is arguably becoming more useful. As more people become involved and the process becomes more accurate, people feel more important and empowered,'† (Meall, 2008). With an easier system in place, inter-department collaboration is an idea many are able to grasp. One last advantage new-age budgeting creates is helping save time and money in the budgeting process. By using computers many companies are able to save paper, not having to create and copy existing budgets or taking up space storing old budgets. With the recent growing popularity of going green, many companies have taken conserving resources to heart. AccountancyMagazine. com continues: â€Å"Going green can save money as well as the planet, but it can be difficult to know where to begin, so the sustainable business experts at Envirowise are offering help in the form of an interactive online tool. † It allows businesses to get the information they need to get started quickly and easily,' said spokesperson Mary Leonard, ‘highlighting those measures that are likely to provide them with the greatest cost-savings benefits in the areas most relevant to their business'† (Henderson, 2009). This shows cutting costs in any way helps not only the bottom line for companies but also has a positive effect on the environment. In conclusion, there are many benefits to using computerized budgeting programs both on and off the internet. The use of these programs helps simplify and expedite the making of budgets and bookkeeping for both the financial savvy and the fiscal illiterate. Dragging and dropping figures, more accurate results, effective presentation options make computerized budgeting the best practice for everyone. Traditional budgeting has had its share of inefficiencies and flaws in the past. Today, newer technologies and faster computing methods have helped to alleviate most, if not all, of those issues. References †¢ Henderson, Ian. (October 1997). Does Budgeting Have To Be So Troublesome? Management Accounting: Magazine for Chartered Management Accountants. 75(9). P. 1. †¢ Hornyak, Steve. (October 1998). Budgeting Made Easy. Management Accounting: Magazine for Chartered Management Accountants. 80(4). P. 1. †¢ Meall, Leslie. (February 2008). A Marriage Made In Heaven: Budgeting Technology. Accountancy Magazine. p. 65. †¢ Shulz, Wayne. (April 2009). Online Payroll Can Save You Money: Letting Someone Else Wade Through The Process Can Benefit Clients. Accountancy Technology. p. 18. †¢ Financial Executive review of E-Budgeting. com (September/October 2000). Retrieved April 23rd from Financial Executive Magazine website. p. 14 †¢ Soaring With Integrated Electronic Document Management: Accounting Technology (June 2008). Retrieved from Accounting Technology website on April 24th. p. SR25. †¢ Boost Your Bottom Line: Accountancy Magazine. (February 2009). Retrieved from the Accounting Magazine website on April 24th. p. 55.