US CEO's pay Essay Example | Topics and Well Written Essays - 1000 words

US CEO's pay - Essay Example Since the mid-1970’s, for roughly 40 years, the pay of top executives rose at a modest rate. However, executive compensation started shooting up tremendously in 1980 and this pace even accelerated in 1990’s. Notwithstanding dipping in the stock in the early 2000’s, the CEO’s, the CEO’s package has continued shooting higher. An average CEO of a large company in the US earned around 24 times the compensation of a typical worker. (Jacob and Paul, 2010) In the mid-1980’s, at the time of the economic boom, US executives were being paid the most lucrative salaries in history and this continued even during recession in 1990’s. This was perceived as unfair to both laid off employees and stockholders. (www.findarticles.com) Up to 2003, the American Chief Executives average compensation rose by a factor of about six in America’s top five hundred companies. Their average pay reached around eleven million per year inclusive of the value of the options. This is not comparable to CEO’s pay in any country. For example, Swedish Chief Executives received roughly a quarter of their American counter parts. In 2007, the CEO’s pay accelerated towards three hundred times that of a typical worker. Executives of top companies made more than twelve million US dollar in that year. (Tyler, 2006) Scholars Xavier Gabaix of Massachussetts University and Augistin Landier of the stern school of business argue that American executives are not overpaid. They suggest that increase in the value of stock market largely explains the high packages of Chief Executive officers. This argument is simple. It suggests that more economic value is created by better executive decisions. If the number of good executives is less than the number of big companies, the value of the executive talent will be pushed up by competitive bidding. Thus, the value of Chief executive officers compensation packages results from competitive

H.B. Fuller is Not Morally Responsible for the Addiction of Street Chil

H.B. Fuller is Not Morally Responsible for the Addiction of Street Children to its Resistol Products 1. In your judgment, is H.B. Fuller morally responsible for the addiction of street children to its Resistol products? In my opinion, H.B. Fuller is not morally responsible for the addiction of street children to its Resistol products. A corporation is morally responsible only for those acts and their foreseen injurious effects: (a) which the corporation knowingly and freely performed or brought about and which it was morally wrong for the corporation to fail to perform or prevent and/or (b) which the person knowingly and freely failed to perform or prevent and which it was morally wrong for the corporation to fail to perform or prevent. Only two conditions completely eliminate a person's moral responsibility for causing a wrongful injury: (1) ignorance and (2) inability. I believe that H.B. Fuller isn't morally responsible because once it released its product, it had neither control nor knowledge of how its product were to be misused. When understanding the circumstances of why H.B. Fuller's product was abused, H.B. Fuller actually helped out the economic problem by providing employment for the region. No argument can be made that H.B. Fuller did not make attempts to abort the misuse of its product. There is a fine line, however, between whether H.B. Fuller was morally responsible and if it had a moral obligation to intervene to help the issue. To understand this issue from both sides, it is also important to gain a perspective from the corporate finance world. Understanding that the goal of a corporation is to maximize the profits of its shareholders, H.B. Fuller really did not have a social obligation. If, howe... ...one that it did not do? Although Fuller made every attempt it thought was necessary to prevent its products from causing harm, it could have provided more intervention. First, H.B. Fuller should have put more research into mustard seed oil and its effect on adhesives like the United States' chemical companies had done. Research into this solution would involve consulting with the FDA to solidify positive results. This could have very well been an easy solution to Fuller and the Latin American children. Second, Fuller should have decided to discontinue its product earlier than it did. If it did make this decision, then all sales should be eliminated, not just to retailers but to industrial vendors as well. Lastly, the company should have communicated more effectively with its parent company in the US to formulate a sound plan to addressing its ethical dilemma.

Nursing questions Essay

The nurse is performing her admission assessment of a patient. When grading arterial pulses, a 1+ pulse indicates: Above normal perfusion. Absent perfusion. Normal perfusion. Diminished perfusion. Murmurs that indicate heart disease are often accompanied by other symptoms such as: Dyspnea on exertion. Subcutaneous emphysema. Thoracic petechiae. Periorbital edema. Which pregnancy-related physiologic change would place the patient with a history of cardiac disease at the greatest risk of developing severe cardiac problems? Decrease heart rate Decreased cardiac output Increased plasma volume Increased blood pressure The priority nursing diagnosis for the patient with cardiomyopathy is: Anxiety related to risk of declining health status. Ineffective individual coping related to fear of debilitating illness Fluid volume excess related to altered compensatory mechanisms. Decreased cardiac output related to reduced myocardial contractility. A patient with thrombophlebitis reached her expected outcomes of care. Her affected leg appears pink and warm. Her pedal pulse is palpable and there is no edema present. Which step in the nursing process is described above? Planning  Implementation Analysis Evaluation An elderly patient may have sustained a basilar skull fracture after slipping and falling on an icy sidewalk. The nurse knows that basilar skull factures: Are the least significant type of skull fracture. May have cause cerebrospinal fluid (CSF) leaks from the nose or ears. Have no characteristic findings.  Are always surgically repaired.  Which of the following types of drugs might be given to control increased intracranial pressure (ICP)? Barbiturates Carbonic anhydrase inhibitors Anticholinergics Histamine receptor blockers The nurse is teaching family members of a patient with a concussion about the early signs of increased intracranial pressure (ICP). Which of the following would she cite as an early sign of increased ICP? Decreased systolic blood pressure Headache and vomiting Inability to wake the patient with noxious stimuli Dilated pupils that don’t react to light Jessie James is diagnosed with retinal detachment. Which intervention is the most important for this patient? Admitting him to the hospital on strict bed rest Patching both of his eyes Referring him to an ophthalmologist Preparing him for surgery Dr. Bruce Owen, a chemist, sustained a chemical burn to one eye. Which intervention takes priority for a patient with a chemical burn of the eye? Patch the affected eye and call the ophthalmologist. Administer a cycloplegic agent to reduce ciliary spasm. Immediately instill a tropical anesthetic, then irrigate the eye with saline solution. Administer antibiotics to reduce the risk of infection The nurse is assessing a patient and notes a Brudzinski’s sign and Kernig’s sign. These are two classic signs of which of the following disorders? Cerebrovascular accident (CVA) Meningitis Seizure disorder Parkinson’s disease A patient is admitted to the hospital for a brain biopsy. The nurse knows that the most common type of primary brain tumor is: Meningioma. Angioma. Hemangioblastoma. Glioma. The nurse should instruct the patient with Parkinson’s disease to avoid which of the following? Walking in an indoor shopping mall Sitting on the deck on a cool summer evening Walking to the car on a cold winter day Sitting on the beach in the sun on a summer day Gary Jordan suffered a cerebrovascular accident that left her unable to comprehend speech and unable to speak. This type of aphasia is known as: Receptive aphasia Expressive aphasia Global aphasia Conduction aphasia Kelly Smith complains that her headaches are occurring more frequently despite medications. Patients with a history of headaches should be taught to avoid: Freshly prepared meats. Citrus fruits. Skim milk Chocolate Immediately following cerebral aneurysm rupture, the patient usually complains of: Photophobia Explosive headache Seizures Hemiparesis Which of the following is a cause of embolic brain injury? Persistent hypertension Subarachnoid hemorrhage Atrial fibrillation Skull fracture Although Ms. Priestly has a spinal cord injury, she can still have sexual intercourse. Discharge teaching should make her aware that: She must remove indwelling urinary catheter prior to intercourse. She can no longer achieve orgasm. Positioning may be awkward. She can still get pregnant. Ivy Hopkins, age 25, suffered a cervical fracture requiring immobilization with halo traction. When caring for the patient in halo traction, the nurse must: Keep a wrench taped to the halo vest for quick removal if cardiopulmonary resuscitation is necessary. Remove the brace once a day to allow the patient to rest. Encourage the patient to use a pillow under the ring. Remove the brace so that the patient can shower. The nurse asks a patient’s husband if he understands why his wife is receiving nimodipine (Nimotop), since she suffered a cerebral aneurysm rupture. Which response by the husband indicates that he understands the drug’s use? â€Å"Nimodipine replaces calcium.† â€Å"Nimodipine promotes growth of blood vessels in the brain.† â€Å"Nimodipine reduces the brain’s demand for oxygen.† â€Å"Nimodipine reduces vasospasm in the brain.† Many men who suffer spinal injuries continue to be sexually active. The teaching plan for a man with a spinal cord injury should include sexually concerns. Which of the following injuries would most likely prevent erection and ejaculation? C5 C7 T4 S4 Cathy Bates, age 36, is a homemaker who frequently forgets to take her carbamazepine (Tegretol). As a result, she has been experiencing seizures. How can the nurse best help the patient remember to take her medication? Tell her take her medication at bedtime. Instruct her to take her medication after one of her favorite television shows. Explain that she should take her medication with breakfast. Tell her to buy an alarm watch to remind her. Richard Barnes was diagnosed with pneumococcal meningitis. What response by the patient indicates that he understands the precautions necessary with this diagnosis? â€Å"I’m so depressed because I can’t have any visitors for a week.† â€Å"Thank goodness, I’ll only be in isolation for 24 hours.† â€Å"The nurse told me that my urine and stool are also sources of meningitis bacteria.† â€Å"The doctor is a good friend of mine and won’t keep me in isolation.† An early symptom associated with amyotrophic lateral sclerosis (ALS) includes: Fatigue while talking Change in mental status Numbness of the hands and feet Spontaneous fractures When caring for a patient with esophageal varices, the nurse knows that bleeding in this disorder usually stems from: Esophageal perforation Pulmonary hypertension Portal hypertension Peptic ulcers Tiffany Black is diagnosed with type A hepatitis. What special precautions should the nurse take when caring for this patient? Put on a mask and gown before entering the patient’s room. Wear gloves and a gown when removing the patient’s bedpan. Prevent the droplet spread of the organism. Use caution when bringing food to the patient. Discharge instructions for a patient who has been operated on for colorectal cancer include irrigating the colostomy. The nurse knows her teaching is effective when the patient states he’ll contact the doctor if: He experiences abdominal cramping while the irrigant is infusing He has difficulty inserting the irrigation tube into the stoma He expels flatus while the return is running out.  He’s unable to complete the procedure in 1 hour.  The nurse explains to the patient who has an abdominal perineal resection that an indwelling urinary catheter must be kept in place for several days afterward because: It prevents urinary tract infection following surgery.  It prevents urine retention and resulting pressure on the perineal wound It minimizes the risk of wound contamination by the urine.  It determines whether the surgery caused bladder trauma .The first day after, surgery the nurse finds no measurable fecal drainage from a patient’s colostomy stoma. What is the most appropriate nursing intervention? Call the doctor immediately. Obtain an order to irrigate the stoma. Place the patient on bed rest and call the doctor. Continue the current plan of care. If a patient’s GI tract is functioning but he’s unable to take foods by mouth, the preferred method of feeding is: Total parenteral nutrition Peripheral parenteral nutrition Enteral nutrition Oral liquid supplements Which type of solution causes water to shift from the cells into the plasma? Hypertonic Hypotonic Isotonic Alkaline Particles move from an area of greater osmelarity to one of lesser osmolarity through: Active transport Osmosis Diffusion Filtration Which assessment finding indicates dehydration? Tenting of chest skin when pinched Rapid filling of hand veins A pulse that isn’t easily obliterated Neck vein distention Which nursing intervention would most likely lead to a hypo-osmolar state? Performing nasogastric tube irrigation with normal saline solution Weighing the patient daily Administering tap water enema until the return is clear Encouraging the patient with excessive perspiration to dink broth Which assessment finding would indicate an extracellular fluid volume deficit? Bradycardia A central venous pressure of 6 mm Hg Pitting edema An orthostatic blood pressure change A patient with metabolic acidosis has a preexisting problem with the kidneys. Which other organ helps regulate blood pH? Liver Pancreas Lungs heart The nurse considers the patient anuric if the patient; Voids during the nighttime hours Has a urine output of less than 100 ml in 24 hours Has a urine output of at least 100 ml in 2 hours Has pain and burning on urination Which nursing action is appropriate to prevent infection when obtaining a sterile urine specimen from an indwelling urinary catheter? Aspirate urine from the tubing port using a sterile syringe and needle Disconnect the catheter from the tubing and obtain urine Open the drainage bag and pour out some urine Wear sterile gloves when obtaining urine After undergoing a transurethral resection of the prostate to treat benign prostatic hypertrophy, a patient is retuned to the room with continuous bladder irrigation in place. One day later, the patient reports bladder pain. What should the nurse do first? Increase the I.V. flow rate Notify the doctor immediately Assess the irrigation catheter for patency and drainage Administer meperidine (Demerol) as prescribed A patient comes to the hospital complaining of sudden onset of sharp, severe pain originating in the lumbar region and radiating around the side and toward the bladder. The patient also reports nausea and vomiting and appears pale, diaphoretic, and anxious. The doctor tentatively diagnoses renal calculi and orders flat-plate abdominal X-rays. Renal calculi can form anywhere in the urinary tract. What is their most common formation site? Kidney Ureter Bladder Urethra A patient comes to the hospital complaining of severe pain in the right flank, nausea, and vomiting. The doctor tentatively diagnoses right ureter-olithiasis (renal calculi). When planning this patient’s care, the nurse should assign highest priority to which nursing diagnosis? Pain Risk of infection Altered urinary elimination Altered nutrition: less than body requirements The nurse is reviewing the report of a patient’s routine urinalysis. Which of the following values should the nurse consider abnormal? Specific gravity of 1.002 Urine pH of 3 Absence of protein Absence of glucose A patient with suspected renal insufficiency is scheduled for a comprehensive diagnostic work-up. After the nurse explains the diagnostic tests, the patient asks which part of the kidney â€Å"does the work.† Which answer is correct? The glomerulus Bowman’s capsule The nephron The tubular system During a shock state, the renin-angiotensin-aldosterone system exerts which of the following effects on renal function? Decreased urine output, increased reabsorption of sodium and water Decreased urine output, decreased reabsorption of sodium and water Increased urine output, increased reabsorption of sodium and water Increased urine output, decreased reabsorption of sodium and water While assessing a patient who complained of lower abdominal pressure, the nurse notes a firm mass extending above the symphysis pubis. The nurse suspects: A urinary tract infection Renal calculi An enlarged kidney A distended bladder Gregg Lohan, age 75, is admitted to the medical-surgical floor with weakness and left-sided chest pain. The symptoms have been present for several weeks after a viral illness. Which assessment finding is most symptomatic of pericarditis? Pericardial friction rub Bilateral crackles auscultated at the lung bases Pain unrelieved by a change in position Third heart sound (S3) James King is admitted to the hospital with right-side-heart failure. When assessing him for jugular vein distention, the nurse should position him: Lying on his side with the head of the bed flat. Sitting upright. Flat on his back. Lying on his back with the head of the bed elevated 30 to 45 degrees. The nurse is interviewing a slightly overweight 43-year-old man with mild emphysema and borderline hypertension. He admits to smoking a pack of cigarettes per day. When developing a teaching plan, which of the following should receive highest priority to help decrease respiratory complications? Weight reduction Decreasing salt intake Smoking cessation Decreasing caffeine intake What is the ratio of chest compressions to ventilations when one rescuer performs cardiopulmonary resuscitation (CPR) on an adult? 15:1 15:2 12:1 12:2 When assessing a patient for fluid and electrolyte balance, the nurse is aware that the organs most important in maintaining this balance are the: Pituitary gland and pancreas Liver and gallbladder. Brain stem and heart. Lungs and kidneys.

Nimbus Helix Funiture - Business Plan - Free Essay Example

Sample details Pages: 8 Words: 2501 Downloads: 2 Date added: 2017/06/26 Category Business Essay Type Research paper Level High school Did you like this example? BUSINESS PLAN EXECUTIVE SUMMARY Nimbus-Helix Furniture Co. Ltd. is a medium-sized furniture manufacturer operating for over 10 years, specializing in traditional living and dining room furniture. As the competition in the market increases with constant changes in the home and office designs, the enterprise decided to innovate and expand the types of products. This paper will discuss the different barriers the company may encounter and the strategies to counter them and will enable the creation and seamless implementation of the innovations and reward strategies for stakeholdersà ¢Ã¢â€š ¬Ã¢â€ž ¢ enthusiasm, drive, and values parallel to the development of innovation. Don’t waste time! Our writers will create an original "Nimbus Helix Funiture Business Plan" essay for you Create order SUMMARY ANALYSIS Innovation macro barriers and their resolutions Political. These may include the different policies and regulations that may affect the business, such as the limitations on the number of trees allowed to get cut down every month in New Zealand. This will affect the availability of resources and, consequently, the availability of goods. In this case, Nimbus-Helix can consider using synthetic materials, like steel and plastic, instead of or in combination with the wood that they are used to work with. Another solution would be finding a supplier from another country and import more wood in addition to their NZ supply. Resources. As more products are planned to be introduced, higher amounts and more types of resources will be needed. Aside from the materials, more manpower and funds are necessary for the innovation. As for the materials, it would require the firm to look for new suppliers who can provide quality materials of the desired quantity in a specific time span. For the manpower, the human resources will need to find competent new staff and to send the current staff to trainings that are suitable for the innovations. Finally for the funds, Nimbus-Helix can resort to bank loans and other investors to fill up the need in purchasing new facilities and technology. Trends. Since the company is used to making only limited types of furniture, it will be a challenge for them to start making new ones to suit the new trends of the market. New styles, new materials, and new technology will definitely push them out of their comfort zone. It would be very helpful to have new employees or consultants from the real estate industry who can suggest innovations based on their knowledge in modern real estate. Hiring staff who are fresh to the industry will also be good in generating fresh ideas in to the company. Surveys and market research are still very useful tools to cope up with the barriers on trends. Innovation micro barriers and their resolutions Conflict. Conflict can be categorized as internal or external. Internal conflicts come from within a person, usually arising when the employeeà ¢Ã¢â€š ¬Ã¢â€ž ¢s moral values are challenged or compromised. This can highly influence an employeeà ¢Ã¢â€š ¬Ã¢â€ž ¢s performance level. On the other hand, external conflicts come from the environment and result to a hostile working environment. Examples are bad management and unsatisfied customers. Conflicts can be addressed by: Mediation. This involves having a third party mediator, who is unaffected by the conflict and therefore has an unbiased opinion. He manages any discussions with regard to the problem. In organizations, this is usually the human resources manager but sometimes necessary to get an outsider. Considerations. This refers to developing a set of guidelines that should be followed when resolving any conflict. These rules should be documented on the employee manual so everyone knows what to expect and how to deal with the problems at all times. Culture and attitude. There can be many different unpleasant attitudes that can affect the operational excellence of a company. Examples are of the most dangerous habits are: Having no initiative Having a à ¢Ã¢â€š ¬Ã…“conspiracy theoryà ¢Ã¢â€š ¬Ã‚  in mind Unhappy people Being the à ¢Ã¢â€š ¬Ã…“frog in the well,à ¢Ã¢â€š ¬Ã‚  pulling others down to oneà ¢Ã¢â€š ¬Ã¢â€ž ¢s level Having a passive aggressive behavior (Oorjabizops, 2013)[1] Employees with any of these detrimental behaviors should be addressed swiftly to avoid any huge impact from occurring. People should be talked into, coached, or removed from the innovation team if he does not understand and support the goals of the project. Politics of working relationships. à ¢Ã¢â€š ¬Ã…“Office politicsà ¢Ã¢â€š ¬Ã‚  happen when people take advantage of the circumstance or of other people in order to advance for personal reasons or for a cause they support. Many people think politics is something to avoid, however, it is practically impossible eliminating it because there will always be people who are more powerful than others, everybody wants to get promotion, and everybody will have to compete for the limited resources. The best way to deal with this barrier is to make the politics work for you using the strategies below: Re-map the organizational chart. The organisation may need some adjustments considering the political power. One should see who are the highly influential individuals, the à ¢Ã¢â€š ¬Ã…“brainsà ¢Ã¢â€š ¬Ã‚  of the company, and those who have authority but are not practicing it? Understand the informal network. Aside from the formal positions of employees in the organisation, one should also understand the social networks within the firm. One should know what cliques are formed, who gets along with whom and who does not get along with others. Build relationships. After understanding how current relationships work in the firm, one should build his own social network accordingly. It is important to get to know the politically powerful people and to make sure that you build relationships in all levels of the hierarchy. One must not associate oneself to a certain clique, but should work to be a part of multiple networks. Listen carefully. Everybody loves anyone who actually listens to them. Besides, the less you talk, the less things others will have to use against you. Make the most of your network. It is important to learn how to use oneà ¢Ã¢â€š ¬Ã¢â€ž ¢s network to promote oneself or oneà ¢Ã¢â€š ¬Ã¢â€ž ¢s team positively. Networks can also be a good source of information, publicize oneà ¢Ã¢â€š ¬Ã¢â€ž ¢s achievements, and see new opportunities for growth. Neutralize Negative Play. à ¢Ã¢â€š ¬Ã…“Keep your friends close and your enemies closerà ¢Ã¢â€š ¬Ã‚  perfectly applies in office politics. Ensure that you understand your competitors within the company, what their goals are and what motivates them. Govern Your Own Behaviour. Identify the model behaviours that help people be successful and apply it to oneself. It is important to be always positive and assertive and a person of integrity (MindTools, 2014).[2] Innovation reward management theory and practice Reward management refers to the development and implementation of tactics and guidelines which purpose is to recompense employees consistently with justice and equality, according to how much value they are adding to the organisation. It usually involves the study and manipulation of employee remuneration, compensation, and other employee benefits. Rewards can come in two different forms: Extrinsic rewards. These rewards are concrete and are focused on recognising and motivating employee performance. Examples are pay raise, bonuses, gifts, and promotions. Intrinsic rewards. These, on the other hand, are intangible and are focused on employee satisfaction and happiness. Examples are feedback, recognition, and empowerment. There are several motivational theories under reward management, categorizing the reward system based on the type of rewards and how they are used. Content theories. Such theories aim to identify and study the elements that motivate better performance ad higher efficiency from the employees. These are highly related with extrinsic rewards. An example is the Maslowà ¢Ã¢â€š ¬Ã¢â€ž ¢s Hierarchy of Needs. Process theories. On the other hand, these theories focus on the effects of the different personality types to employee behaviour. Process theories are more inclined to intrinsic rewards. A famous example is the Equity Theory. Other famous theories are: Frederick Herzbergà ¢Ã¢â€š ¬Ã¢â€ž ¢s motivator-hygiene theory. This theory considers satisfaction and dissatisfaction as two independent factors that should therefore be measured separately. Real motivation is believed to originate from the work per se, while rewards are introduced to stop any dissatisfaction from occurring from completing the tasks. Expectancy theory. This theory works best for employers who can calculate the motivation effort and can forecast a defined numerical return. It determines the interrelationship among performance, motivation, and ability, expressed as: Performance = Motivation x Ability From Wikipedia (2014).[3] Techniques for managing stakeholder expectations Poorly managed stakeholders can result to a series of problems that may be detrimental to the progress of innovation if not addressed quickly. Since stakeholders participate from the start through the end of the projects, it is vital that stakeholder expectations are properly managed all throughout the innovation cycle. Stakeholder expectations can be managed by these three essential tools: Communication methods. Face-to-face communication, individually or in meetings, is always the best method to resolve any communication concerns. However, results from this communication should be followed up with a written communication containing the summary of all decisions and actions agreed upon. Interpersonal skills. This is a vital characteristic of the project manager but it is also important that all members of the project team possess good interpersonal skills. These skills refer to the ability to establish trust and to express any information lucidly and positively. Management skills. Obviously, the project managers should be able to expertly manage the stakeholder perception and therefore have strong communication skills, motivation, and leadership skills (Dave Litten.com, 2014).[4] Change/performance curve theory and application The change/ performance curve theory presents the different stages an individual or an organisation goes through during a transition or innovation. In businesses, it helps the managemenent predict how to handle their employees and their company as a whole during the transition for the innovation. The stages are as follows: Stage 1 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Shock and denial. This stage is very critical for communication. The employees involved need information in order to understand the situation and to know that help is available. Stage 2 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Anger and fear. At this stage, the people or the organisation already starts to react to the change, actively or passively. Employees will start to express their feelings towards the transition, which is usually anger. For organisations, this stage is considered the à ¢Ã¢â€š ¬Ã…“danger zoneà ¢Ã¢â€š ¬Ã‚  as poor management at this stage can lead to chaos and project failure. Figure 1 Change/performance curve theory (MindTools, 2014). Stage 3 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Acceptance. After the à ¢Ã¢â€š ¬Ã…“danger zoneà ¢Ã¢â€š ¬Ã‚  is the à ¢Ã¢â€š ¬Ã…“turning point,à ¢Ã¢â€š ¬Ã‚  where employeesà ¢Ã¢â€š ¬Ã¢â€ž ¢ acceptance grows and starts moving onto the success of the project. Stage 4 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Commitment. In this stage, the innovation or the change becomes natural, the employees have finalally adapted to the improvements, and the benefits of the innovation are started to get realized (MindTools, 2014). [5] Strategies for identifying obstacles and barriers Awareness and knowledge Motivation Acceptance and beliefs Skills Practicalities Strategies for minimising barriers to communication Educational materials Meetings Conferences, workshops, training Outreach visits Opinion leaders Reminder systems Organisational culture self-awareness strategies Organizational culture refers to the traditions or practices that the group has naturally developed in order to adapt with the internal and external problems, which have been successful and are therefore considered official. These are not documented but new members of the team are trained and are expected to follow. Thus, it is important to know if the existing culture is still beneficial during the transition period upto the new state after the innovation. Below are self-awareness strategies a company can use: A Need for Order and Consistency The Strength of a Culture Invent, Discover, or Develop Taught to New Members Work Well Enough To Be Considered Valid Perceive, Think, and Feel Analyzing the Process and Content of Socialization of New Members Analyzing Responses to Critical Incidents in the Organizations History. Analyzing Beliefs, Values, and Assumptions of Culture Creators or Carriers. Jointly Exploring and Analyzing with Insiders PERCIEVED KEY BARRIERS Inadequate funding Unable to keep up with current trend Our business or organization might look old fashioned Unable to invent new technology in the business Unable to expand the business Strategy Plan Getting bank loans on the new investment Joint venture with another fast growing company with least share holding Lack of effective communication Might create rumors about the organization innovation Unable to convey the fact of real innovation accordingly to public and stakeholder May interoperate wrong impression on the business reputation Strategy Plan Conduct business meeting among employees Conference with stakeholders Email blast communication Lack of resources Shortage of skill staffing Shortage of raw material aspects Skilled expatriate are too costly Strategy Plan Send internal employee for Skill Training programs Lack of leadership Lack of productivity from the team Hard to achieve organizationà ¢Ã¢â€š ¬Ã¢â€ž ¢s goal Personality clashes between Leader Team members Strategy Plan Develop a leadership training program people management Create two communication, coaching may be appropriate Stakeholder resistance Misunderstanding Low tolerance of change Different assessment of situations Strategy Plan Carried out communication of the problems Proof stability STRATEGY TO DEVELOP SELF-AWARENESS Below are self-awareness strategies a company can use: A Need for Order and Consistency The Strength of a Culture Invent, Discover, or Develop Taught to New Members Work Well Enough To Be Considered Valid Perceive, Think, and Feel Analyzing the Process and Content of Socialization of New Members Analyzing Responses to Critical Incidents in the Organizations History. Analyzing Beliefs, Values, and Assumptions of Culture Creators or Carriers.à ¢Ã¢â€š ¬Ã…“ Jointly Exploring and Analyzing with Insiders COMMUNICATION STRATEGY PLAN Group meetings. It can increase informational awareness of the barriers because of the interaction between employees and the top management ( e.g. Conferences and lectures, training sessions) Feedback. Feedbacks are always important in order to realize the opportunities for improvement that were unseen. Educational materials (booklets, CD-ROMs, DVDs). These tools can raise awareness on working the strategies to overcome the barriers. Notice boards. These have always been an easy access to information for the employees. Brainstorming. This is usually done in small groups to discover the solutions in minimizing the barriers. CRITERIA FOR EVALUATING SUCCESS The key barriers and the strategy plans for each of them are discussed earlier in this paper. The effectiveness of the strategy plans mentioned above can be measured respectively with: Investor enthusiasm. Level of awareness of stakeholders. Availability of quality resources. Well-managed team and performance levels. Stakeholder satisfaction. CONCLUSION Nimbus-Helix Furniture Co. Ltd. has been known for 10 years for their quality furniture products that serve traditional living and dining rooms. However, due to the changing fashion and lifestyles, the enterprise decided to innovate new types of furniture. The different barriers that Nimbus-Helix may encounter were discussed and are known to be mostly inevitable. However, for every problem, a different set of solutions and strategies were suggested, and with proper management and implementation, innovation success is surely achievable. Noteworthy, above everything, it is very important to have self-awareness and strong communication within the organisation. [1] Oorjabizops. (2013). Five toxic employee attitudes that should be banned from the work-place à ¢Ã¢â€š ¬Ã¢â‚¬Å" People barriers to operational excellence. Retrieved August 19, 2014 from https://www.oorjabizops.com/five-toxic-employee-attitudes-that-should-be-banned-from-the-work-place-people-barriers-to-operational-excellence/ [2] MindTools. (2014). Dealing with office politics. Retrieved on August 19, 2014 from https://www.mindtools.com/pages/article/newCDV_85.htm [3] Wikipedia. (2014). Reward management. Retrieved August 19, 2014 from https://en.wikipedia.org/wiki/Reward_management [4] Dave Litten.com. (2014). Manage stakeholder expectations. Retrieved on August 19, 2014 from https://www.pm-primer.com/manage-stakeholder-expectations/#sthash.grm5H6Gq.dpuf [5] MindTools. (2014). The change curve. Retrieved August 19, 2014 from https://www.mindtools.com/pages/article/newPPM_96.htm