There are elements that should be considered in having a winning business proposal. These elements include Solutions, Benefits, Credibility & Samples and Targeted. Solution includes stating the needs and problems that could or would occur then one would give solutions that one could be implemented. Benefits would include an outlined plan as to what benefits to be gained in doing business with this particular halfway house. Credibility and Sample is having a familiarity with clients in the area or having had a previous experience that can give a third-party endorsement that will give one the credibility. Targeted entails communication, which knows the correct language that is spoken by the intended clients that the business is trying to win. If the proposed clients are from an engineering background or financial department then use the appropriate jargon. Letâ€™s say John from the time he was 14 years of age was on drugs in and out of juvenile homes. When John turned 18 years of age he commits a crime the sends him to prison where he spend the next 20 plus years of his life. Confined by concrete walls bob wired fences and being told when he could go to bed when to get out of bed. John is told when to eat and when not eat not even having a choice to what he can he eat his only choice is to eat what before him or not at all. The purpose of a halfway house or also called a recovery house is generally to allow people to begin the process of reintegration with society, where monitoring and support will be provided. This is to reduce the risk of recidivism or relapse where in most cases ex-convicts would be released directly back into society. The halfway houses that is being purposed is meant solely for the reintegration of persons who have been recently released from prison or jail, others are meant for people with chronic mental health disorders, and others are for ex-convicts with substance abuse issues. Unlike a Sober halfway houses are many times a voluntary places for residence where most residents may have no criminal records whatsoever. There is more often opposition from neighborhoods where families are fearful of halfway houses attempted to locate in there neighborhoods. Typically work-release program we utilize a halfway house instead of a high secure institution or facility for nighttime confinement and weekend supervision.
Strategic Management in the Financial Crisis - Essay Example The study Strategic Management in the Financial Crisis explores the period of the great credit crisis that first had a toll on the United Statesâ€™ financial sector before other parts of the globe had its impact. This may have been because of various issues of failure within companies that even made them fail to meet targets before the financial crisis period. With the resource utilization reaching the maximum limits compounded further by a relatively high wage rate, most enterprises were feeling the pinch in the reduction of their rates of return. The widening of international trade and the strengthening of global capital flows have led to a significant rise in cross-border assets and liabilities, as well as to financial linkages across countries and regions. The key implications of such developments have been a wider spread of shocks and stronger co-movements in macroeconomic variables. There are various issues that have been raised and a major one has been that of the failure of corporate governance as shall be discussed in the paper. It is clear that good corporate governance actually operates effectively in two distinct areas which may include measures put in place to guard against opportunistic or conflicted behaviour by financial technocrats with aims of maximizing wealth. According to good management principles, corporate governance best practice is important and essential for the protection of shareholders and other stakeholders against the often conflicting interests of dealers in the financial sector. Blundell-Wignall et al (2009) point out the need to clarify the responsibilities of regulatory institutions and to restore confidence in the integrity of financial institutions. Independent audits of financial statements provide a check against fraud, and a verified overview of financial evolution of the business. Blundell-Wignall et al (2009) also state that considerable flexibility should be envisaged as regards liquidity management. Quantitative measures and indicators should be integrated into the process in proportion to the degree that they are robust and operational. There is an overall bias in many countries' tax systems which work to encourage corporate leverage. The interface between tax, leverage and excess risk taking is complex. Blundell-Wignall et al. note that the US approach shares the risks of buying toxic assets between the taxpayers and investors creates buyer demand and prevents dumping of assets that would prolong the crisis phase, and is an open-market approach. It is important to foster corporate structures that enhance both stability and competition. The complexity of some corporate groups has been identified in both governance and risk control issues. As a