Management of Diversity Free Essays

MANAGEMENT OF DIVERSITY WITHIN AN ORGANIZATION Written and presented by: Tyson Johnson Charles Bushell Kori Greaves Introduction When most people envision diversity, the first things which come to mind are age, sexual orientation, race and gender. In Workforce America! Managing Employee Diversity as a Vital Resource, diversity is defined as: â€Å"otherness or those human qualities that are different from our own and outside the groups to which we belong, yet present in other individuals and groups. â€Å"The dimensions of diversity are further expanded but not limited to: age, ethnicity, gender, race, physical abilities/qualities, sexual orientation, education, geographical location, income, marital status, religion, work experience, military involvement. We will write a custom essay sample on Management of Diversity or any similar topic only for you Order Now † (Loden and Rosener 1991; 18-19) Principles and Objectives To address diversity issues directly one must question: What policies, practices or current strategies within our organizational culture have differential impact on different groups? What organizational changes should be made to meet the requirements of a modern diverse workforce and maximize the potential of all workers? The Key Principles and objectives of The Organizational Diversity Plan are as follows: * Promote awareness of workplace diversity within the organization (acceptance) * Develop and maintain a highly skilled and efficient workforce where the value and motivation of employees is present across the board * Develop a supportive environment where staff have a balance between work and their personal life * Provide a prejudice and harassment free working environment * Include diversity management principles in recruitment processes The Solution Acceptance of diversity: First and foremost, management must acknowledge that their working environment encompasses a wide variety of people. It is often difficult to see what part diversity plays in a specific area of management and how it relates to the development and success of the organization. A manager must understand that in the modern world, where migration due to education and opportunities is prevalent, diversity is an inevitable issue and must be handled in such a way that the organization can benefit and succeed. Development and maintenance of workforce: To develop an efficient team, a leader must be established within each team, group or department. The most effective team leaders build their relationships with workers through trust and loyalty as opposed to fear and power. A manager should consider the suggestions and ideas of all his employees. No idea should be considered as unworthy or idiotic. Employees should be made to feel like they belong and are part of the bigger picture. One should always seek chances to mediate and solve minor disputes before they get out of hand. This leads to greater harmony and a step towards achieving company goals. In mediating, directives should be clear and concise and must take into consideration everyone’s differences and views. The contribution of each team member should never be undervalued and the manager must remind his employees about the importance of his/her job to the success and development of the business. Employees should work on creating solutions on their own. This develops communication and builds a stronger bond. As a supervisor your initial priority in problem solving is stimulating debate. Employees are often afraid to disagree with one another and this may result in poor decisions made. Debate inspires creativity which further leads to a workforce which thrives on cohesion and efficiency. Develop a Supportive Environment: The working environment is always an important variable in having a productive staff. Diversity introduces many struggles including trying to maintain a balanced environment for employees. One must accept the fact that there is life outside of the workplace regardless of timelines and working hours. Families must be attended to, social activity to be maintained. It is up to management to forge a bridge between work and personal life in such a way that productivity is still maintained at a high level but with minimal stress. * The introduction of after work care for children of staff, will allow staff to continue to work outside of normal working hours but still be able to take care of their children. * Staff parties or outings are always a good idea to address the need for social interaction. This also gives workers a chance to understand different cultures and personalities of their colleagues. * Religious beliefs, and sexual orientations must be accepted and care taken to respect them. Prejudice and harassment free organization: The main problem realized with diversity is discrimination which comes in many forms. There should be a zero-tolerance policy with relation to prejudice or harassment of any kind. Regardless of race or culture or gender, each employee was hired for a particular set of skills or envisioned potential they could offer to the organization and they should be allowed to display and hone them. Discrimination breeds separation and breakdowns in communication which impacts very negatively on the productivity and advancement of any business. Where discrimination is identified as an issue, all efforts should be made to address the situation(s) as quickly as possible. Discipline must be swift and – in extreme cases – harsh in order to set the standard for further issues. Diversity management principles in recruitment: During recruitment and interviewing processes, management must bear in mind that everyone must have the same access to opportunities and ensure that a nondiscriminatory standard is used for the selection process. This can be aided by: Forming diverse selection committees to ensure bias free selection * Salary and incentives should be offered equally regardless of ethnic origin or sexual orientation * Make sure there is equal opportunity for both men and women Conclusion Management of diversity is one of the key goals of the modern organization. It is extremely important to comprehend how the dynamics of diversity affect performance, productivity, motivation and success within the business and le arn how to merge them. Some human resources policies and structures have created or presented barriers in an effort to mask the problem but this is far from the solution. These blockades must be removed to allow free interaction and communication between staff and staff and employer. Diversity is not a problem, but actually an aid in the development and advancement of an organization. As with any introduced policy, there is a need for continuous monitoring and evaluating. The modern business environment and attitudes contained are constantly being changed and molded. Bibliography Loden and Rosener – 1991 Oxford University Human Resources Department Equality, Diversity and Inclusion: An International Journal – Ratsamy Phomphakdy, Brian H. Kleiner How to cite Management of Diversity, Papers

Contemporary Important Accounting Business â€Myassignmenthelp.Com

Question: What Are The Contemporary Issues Important Accounting Business? Answer: Introduction The organizations in the current scenario need to adhere to the policies and regulations framed by the statutory boards. This helps the company in projecting the information that is correct and helps to create a positive impact. Moreover, disclosure leads to creation of goodwill and enable a higher level of transparency. Going by the level of complexity, it can be seen that the companies need to provide information to the stakeholders and both the financial, as well as non-financial information needs to be provided to the related parties (Deegan, 2011). Further, the information is assessed considering the concept of prudence, substance, materiality etc. Hence, it is of utmost importance that the statement must adhere to the conceptual framework. The same is indicated in the report through the selection of Woolworths and Qantas both listed on the Australian Stock Exchange. The disclosures by both these companies are studied in an effective manner and various concepts are studied in th e light of these two selected companies. Adherence to AASB standards and conceptual framework requirements The AASB (Australian Accounting Standards Board) is an organization whose prime work is maintenance and development of reporting standards that are applicable to entities in both private and public sector of the Australian economy. It utilizes a conceptual framework in order to analyze and develop accounting standards. In addition, based on the Australian Accounting Standards, it is mandatory for such previously mentioned companies to comply with the conceptual framework (Titman et. al, 2011). Nevertheless, the qualitative characteristics of helpful financial information apply to financial information offered in the financial statements. Taking into account the compliance and concepts, Woolworths Ltd and Qantas Airways have been selected, and their annual reports have been discussed in a thorough manner. Based on the materiality concept, information can be considered as material if misstating it or omitting it can influence decisions. Therefore, from the annual reports of both companies, it can be seen that they have complied with the ASX recommendations and principles of corporate governance in order to comply with conceptual framework requirements. Secondly, based on the faithful representation concept, both the companies have complied with the same qualitative characteristic (Zeff, 2007). This can be proved by the fact that both companies have offered a written declaration of their respective directors stating the fact that their annual report presents a true and fair view of their performance. Both companies have also adhered to section 295A of the Corporations Act 2001 to give evidence of the same. Similarly, both the companies have also adhered to the relevance characteristic of the conceptual framework in their annual reports. This can be proved by the fact that both have prov ided both financial and non-financial details in their reports that are relevant in nature or have a potential to influence the decisions of users. For example, Woolworths Ltd has provided a separate section under its remuneration report stating the particulars of their directors interests in performance rights and shares of the company. Similarly, Qantas Airways have also offered relevant details regarding their non-audit services provided during the year in addition to other statutory duties (Woolworths, 2016). The company has also certified that such non-audit services provided by the company are in compliance with the Corporations Act 2001. Lastly, both companies have also given due preference to a reliable characteristic of the conceptual framework so that users can make appropriate decisions based on the same. For example, Woolworths has offered material facts associated with their departure from Home Improvement and segregation of EziBuy and BIGW with each other. Despite knowing the fact that disclosure of such details can affect its financial performance, the company has not hesitated in disclosing the same. In the same way, Qantas has provided reliable information by proving how its earnings had enhanced. It had depicted that due to minimization in ex-fuel unit costs and revenue advantages from Qantas Transformation Program, the company had attained benefit in terms of revenues (Qantas, 2016). It can also be observed from the annual report of Qantas that its items of PPE (Plant, Property, and Equipment) are measured at cost minus impairment losses and accumulated depreciation. Besides, such items are initially recorded at fair value of the amount offered in addition to any incidental expenses incurred with the acquisition. In contrast to this, the PPE of Woolworths is recorded at cost less impairment losses and accumulated amortization. Moreover, there is one similarity betwixt the depreciation method of both the companies. It can be witnessed that even though the PPE of both companies is recorded on a different basis, yet their depreciation method is same. The depreciation method of both companies is done through a straight-line basis method (Spiceland et. al, 2011). Conceptual framework revision to remove disparities in corporate reporting The concept of prudence can be utilized as a synonym for conservatism concept. Everyone in his or her day-to-day life uses this concept. In simple words, prudence means to avoid unwanted outcomes or consequences by being careful or cautious (Fields, 2011). In accounting, this concept has long been regarded as one of the most significant concepts in the determination of time for recognition of revenue. Based on the prudence rule, gains must not be expected unless their realization is immensely probable. However, recent revision in the Generally Accepted Accounting Principles has resulted in an accusation from academic critics to the IASB for abandoning the concept back in the year 2010 (Ibrahim et, al, 2013)). This proves the fact that such revision was being made because there were various deficiencies in the conceptual framework for financial reporting The prudence concept can be easily witnessed in the annual reports of both the companies. Since its revision in the year 2015, companies have adhered to the conceptual framework by fulfilling every qualitative characteristic in order to be more transparent to its users. In relation to Woolworths Ltd, the basic engagement of AASB 9 can be witnessed in the affairs of the company. The specific engagement of the accounting standard guidelines plays a key role in offering an option for measuring every investment in equity instruments at their fair value, thereby assisting in identifying the probable alterations in the form of other comprehensive gains of the company. The impairment losses of the companys intangible assets are measured in their upcoming levels and are analyzed at regular intervals in order to make sure that the amortization figures are not overstated (Samaha Dahaway, 2010). Similarly, in relation to Qantas Airways, this concept of prudence can be easily observed in its se ction of Notes to Financial Statements (Qantas, 2016). In this section, it can be seen that the company has implemented a prudent vision wherein it will raise a provision for operating leases on premises and other customer contracts. The reason behind such step is the costs that are overcoming the contractual obligations of financial benefits intended to be achieved (Davies Crawford, 2012). Hence, with the help of such step, it can avoid its revenue figures from being overstated. Considering all these scenarios, it can be stated that prudence assists in recognition of revenue in the proper sense. In the absence of prudence, assets and income will become exaggerated and liabilities and expenses will be degraded (Melville, 2013). These can create various disparities in corporate reporting that can break the trust and reliance of users on the companys financial statements, as it will result in a material misstatement, thereby resulting in bad decisions on the part of such users (Horngren, 2013). Comparison and contrast between Qantas and Woolworths There are various similarities and dissimilarities between the annual reports of both companies. Firstly, both companies are listed on the ASX and adhere to the corporate governance principles of the ASX. Secondly, both companies have adhered to section 295A of the Corporations Act 2001. Thirdly, the depreciation method followed by the companies is similar in nature. The only key difference is that Qantas does not take into account freehold land while computing its depreciation. Fourthly, both companies have taken an opportunity to disclose their corporate governance statements on their respective websites. Lastly, both the companies implement due care while providing material information to their users. This is because both believe in safeguarding the integrity and morality of corporate financial reporting (Graham Smart, 2012). While Qantas achieves a maximum portion of its revenues from the airline industry, Woolworths attains its revenues from liquor retailing. Furthermore, while Woolworths intends to enhance priority and inclusion culture to gain control over its rivals (Woolworths, 2016), Qantas, on the other hand, intends to advance its strategies in order to maximize shareholder value. It also aims to drive tourism and trade, serve many communities, assist small businesses, etc. Lastly, the provisions made by both companies are distinct in nature. While both make a provision for onerous contracts, other provisions are not similar. Woolworths make their other provisions for employee benefits and self-insured risks, and Qantas make their other provisions for leased assets and insurance or legal risks (Qantas, 2016). Recommendation Due to various complications in the current market, the disclosure of material information has become very vital. It is recommended that companies must prioritize relevant information in their financial statements and discard immaterial information because it cannot influence the decisions of users. Moreover, in order to maximize shareholder value, companies must provide them accurate and timely information so that they can place their trust upon the company. Besides, transparency must be implemented between the company and its stakeholders so that issues can be easily taken into consideration through proper communication channels. Nevertheless, compliance with AASB standards and conceptual framework for corporate reporting is the most significant in order to thrive in the market Conclusion From the previously mentioned analysis of both the companies, it can be concluded that compliance with the AASB standards and conceptual framework is very significant to reach desired goals and objectives. This can be possible if proper and timely disclosures are made available to the users of financial statements. Moreover, companies must also be prudent enough to avoid material misstatements in their financial statements, as it can, in turn, hamper the decisions of users. Hence, both the conceptual framework and disclosure measures are vital for the success of a company, as these can balance and ease their performance, thereby maximizing their goodwill in the market. Nevertheless, Qantas and Woolworths have not disappointed in fulfilling such requirements References Davies, T Crawford, I 2012, Financial accounting, Harlow, England: Pearson. Deegan, C. M 2011, In Financial accounting theory, North Ryde, N.S.W: McGraw-Hill. Fields, E 2011, The essentials of finance and accounting for nonfinancial managers, New York: American Management Association. Graham, J Smart, S 2012, Introduction to corporate finance, Australia: South-Western Cengage Learning. Horngren, C 2013, Financial accounting, Frenchs Forest, N.S.W: Pearson Australia Group. Ibrahim M, Sweiti Dr. Osama F Attayah 2013, Critical Factors Influencing Voluntary Disclosure: The Palestine Exchange PEX, Global Journal of Management and Business Research Finance, vol. 13 no. 6, pp. 9-15 Melville, A 2013, International Financial Reporting A Practical Guide, 4th edition, Pearson, Education Limited, UK Qantas 2016, Qantas 2016 Annual report accounts, viewed 12 August 2017, https://www.qantas.com.au/infodetail/about/corporateGovernance/2016AnnualReport.pdf Samaha, K. Dahaway, K 2010, Factors influencing corporate disclosure transparency, in the active share trading firms: An Explanatory study, Research in Emerging Economies, vol. 10, pp. 87-118. Spiceland, J., Thomas, W Herrmann, D 2011, Financial accounting, New York: McGraw-Hill/Irwin,University Press. Titman, S, Martin, T, Keown, AJ Martin, JD 2016, Financial management: principles and applications, 7th edn, Pearson Australia, Vic. Woolworths Ltd 2016, Woolworths Ltd. Annual Report and accounts 2015, viewed 13 August 2017, https://wow2016ar.qreports.com.au/xresources/pdf/wow16ar-full.pdf Zeff, S.A. 2007, Some obstacles to global financial reporting comparability and convergence at a high level of quality, The British Accounting Review, vol. 39, pp. 290302

Beowulf Not Just A KidS Story Essays - Beowulf, Grendel, Unfer

Beowulf: Not Just A Kid'S Story When you compare Beowulf to any modern novel or movie, Beowulf seems childlike at best. Beowulf is told in a straightforward, uncomplicated manner very unlike many of today's works, which contain complex plots and themes. What makes Beowulf readable to an adult and not just children? Why do people find stories such as Beowulf so intriguing? Why is Beowulf, or any myth, significant? Beowulf, the story of the young Beowulf sent by fate to save a kingdom plagued with a nightmarish monster, a rather basic plot synopsis especially for a story that has been around for more than one thousand years. However Beowulf contains far more long-standing impact than a slew of the best selling books at any bookstore. Beowulf, as any myth, teaches many moral lessons giving us a detailed insight into the culture and writer's beliefs through written accounts of morality and religion and through the tale's deep symbolism. And it also provides for an entertaining ride filled with supernatural feats and monsters with an inspirational hero or role model for the reader. In contrast to some other popular mythological stories such as the tales of the Greek gods, Beowulf is almost believable. Beowulf is just over the edge of ?real?, it pushes our definition of what exists but not to the point to where we cannot imagine what is happening in the story. Also I feel that Beowulf is a superior work of mythology because Beowulf is a true and perfect hero, and represents the personality and courage most people wish they had In Episode 1 the story begins with the tale of Scyld Sceafing, which parallels Beowulf's evolution, it is the motif of a helpless child turning into a great king. Similarly, Sceafing arrives from the water to the Danish lands in the same way Beowulf arrives. This is a popular theme in many myths, a small and weak one rising to be strong and a leader (i.e. Jesus). Part of the beauty of mythology is the repetition of motifs such as this one. Another facet of mythology that is uncovered in Episode 1 is religion. In every myth religion is dealt with in some way. Unlike most myths, however, the religious affiliation and code is hard to decipher. References to the Old Testament are made often (i.e. Cain and Abel, the flood), but it is never made quite clear of what the religious beliefs of the Danes are. The writer himself is definitely familiar with the Bible, and was probably actually a monk, but the Danes do not seem to be. This raises the question of whether the original oral presentations contained the religious references or sub-stories that the written one does. Obviously the hero of the story does not completely fit the humble pacifist Christian personality, so it is a reasonable inquiry. As shown here, part of the reason myths are so fascinating is because of the questions and speculations they cause to arise about the culture and its ideas from which the myth evolved. In Episode 3 the phenomenal Beowulf arrives on the Herot scene to slay Grendel. Beowulf in Beowulf is a very strong individual, so strong in fact that he rips archrival Grendel's arm cleanly off! This is impossible of course, for a man to do such thing, physiology doesn't permit it. Even more unbelievable is Grendel himself. Grendel's ?fingers were nails like steel? (Beowulf Episode 5) and ?no battle sword could harm him - he had enchantment against the edges of weapons? (Beowulf Episode 6). A fantastic hero and villain is a key to mythology. Why have such an unreal hero? It's simple because he is a hero, a role model, and so why not make him as powerful and super human as desirable. When the story originated, and was thus truthfully believed, many youngsters probably idolized the mighty Beowulf, and wanted to equal his valor and courage. It evoked emotional inspiration to conquer evil with bravery and goodness, a very desirable goal in any culture. Demonstrated in Episode 4 was some very dramatic language that made the story very compelling and entertaining. The author uses some vivid imagery and language to describe the approaching Grendel's character ?Came then from the

Renault Story in India Essays

Renault Story in India Essays Renault Story in India Essay Renault Story in India Essay Since 2012 the Indian automobile industry is going through a tumultuous period. Worsening macro-economic conditions within the country, high interest rates and rising input costs are fast eroding the profitability of most of the car manufactures. Despite price cuts and other incentives, car sales in India remained sluggish. Analysts are pointing to a second straight year of declining sales in what was one of the world’s fastest growing auto markets. The slowdown in the overall automobile demand in the country was a concern for the product managers of Renault. Though amidst all the gloom, Renault had some reasons to cheer.Since its launch in summer of 2012, Renault’s compact SUV Duster’s market performance had been far beyond the expectations of the Renault management. After a string of unsuccessful partnerships and product launches, the product managers at Renault had finally managed to launch a product which struck a chord with the Indian consumers. The fact tha t SUVs have been registering good growth in an otherwise somnambulistic car market has clearly helped the Duster’s cause. Yet, there was tremendous hard work put in by the Renault India team to get everything right from the features and mileage to the final price.Now amidst all the economic gloom and slew of fresh competition posed by new launches by Ford and Maruti, the coming year appears to be a much more challenging proposition. Product management team of Duster was poring over the market reports and surveys to figure the next move. 2Renault’s story in India Renault is a French multinational vehicle manufacturer established in 1899 by Louis Renault and his two brothers. The company produces a range of cars and vans, and in the past, trucks, tractors, tanks, buses/coaches and autorail vehicles.In order to better scale up globally and to cross leverage the RD expertise, Renault and Nissan forged a strategic alliance in 1999. The Alliance is a strategic partnership b ased on the rationale that, due to substantial cross-shareholding investments, each company acts in the financial interest of the other- while maintaining individual brand identities and independent corporate cultures. Renault currently has a 44. 4 percent stake in Nissan, and Nissan holds a 15 percent stake in Renault (non-voting, giving Renault effective control). The car group sold 8. million cars worldwide in 2012, behind Toyota, General Motors and Volkswagen for total volume. Renault entered the Indian market much later than the other global competitors. At the time of its entry the Indian market was primarily dominated by small and compact hatchbacks offered by Korean and Indian companies. Maruti along with the Hyundai were the top two manufactures within the country offering slew of models in between the 3-5 lacks segment. Poor road conditions along with the cost conscious customer base posed a significant design and marketing challenge to the car companies to package the rig ht features at an affordable price.In order to crack the Indian auto market puzzle, Renault decided to enter the Indian market in partnership with Mahindra. Together the partner launched Logan which received Logan which met with a mixed response from the Indian market. Logan failed to attract consumers due to its length of fractionally - more than 4 meters - that required a factory gate duty of 22% compared to 10% for the less-than-4 meter cars. The Logan was criticized for its boxy looks and awkward ergonomics. Due to uncompetitive pricing, Logan struggled to sustain volumes and was soon confined only to Taxi segment.After constant tussle between the two partners, Mahindra and Renault decided to cancel their unhappy marriage. Renault temporarily dabbled with the idea of the partnering with Bajaj for a low end car, and then finally decided to go all out alone in the market. In March 2010, Renault India and Nissan India opened a production facility in Chennai. Established with an i nitial investment of 45 billion (US$760 million), the plant has a combined annual capacity to produce 400,000 vehicles. Each partner is entitled to half the production capacity. Since the start of its own operation Renault has launched the following models.

Internet and Everyday Life Essay Example | Topics and Well Written Essays - 1500 words - 1

Internet and Everyday Life - Essay Example Consequently, the present research contains profound sociological significance in its nature and scope. The internet is rightly viewed to be one of the most influencing inventions of all times, which has paved the way towards introducing of fastest possible modes of communication and interactions for the people across the globe (Bakardjieva 2011, p. 59). Consequently, one could enter into a detailed and comprehensive communication with the persons living thousands of miles away from him within a jiffy (Bakardjieva 2011, p. 60). The individuals can enter into business contracts, and could have an access to sufficient information about health, learning and other topics while staying at one’s computer by one click only through the internet. Hence, internet has made the contemporary era life to be exceptionally swift and speedy one in all regards; same is equally the case with the amusement and recreational activities people get involved into in one way or the other, predominantly sex, romance and dating (Gibbs et al 2011, p. 72). Burkitt has declared both performing of professional obligations as well as enjoying recreational moments as inevitable parts of everyday life (2011, p. 212). Bakardjieva is of the opinion that the internet surfing has obtained the status of an essential part of daily routine, which is consumed during both professional and recreational activities in contemporary era (2011, p. 58). Cooper (2000) ascertains that over one tenth of the aggregate internet users spend over 11 hours a week searching for and looking at sexual content (Zitzman 2007, p. 11). Hence, a considerable part of daily routine is spent on the internet; out of which most of the time is consumed in watching porn sites (Attwood & Smith 2014, p. 2). In past, internet was consumed by the professionals only at offices and workplaces, and was meant

Theory of the five disciplines as a method of change Term Paper

Theory of the five disciplines as a method of change - Term Paper Example Theory of the five disciplines as a method of change A successful change management process is one which benefits the management and defines measure or the stakeholder’s aims, devises an effective education, training or skills upgrading system for the organization, counters the resistance from the employees and aligns them towards the strategic direction of the organization, provides personal counseling to any change related fears (Hayes, 2010).The 10 principles that guidelines the change management is address the human side systematically, it should start at the top, change should involve every layer, make the formal case, create ownership, communicate the message, address culture explicitly , assessing the cultural landscape, speak to the individual and prepare for the unexpected. John Kotter has proposed the 8-step change model for the change management process. The 8-step change model comprises of - Creating urgency , by identifying threats and developing scenarios to forecast what can happen in future to create a sense of u rgency of change, examining opportunities that could be exploited, to start honest discussions and convincing reasons to enable people talking and thinking, request support from the stakeholders to support the argument. Form a powerful coalition, in order to convince people that change is necessary, and bring together a coalition or team of some influential people whose power comes from various sources, the change coalition needs to work as a team to continuously create the need and urgency for change.

The Need for Wireless Standards and Protocols Assignment

The Need for Wireless Standards and Protocols - Assignment Example The first international standard is ISO/IEC 18000-7. This standard came up after a series of consultations between the international Standard Organization and a number of stakeholders in the wireless technology, where they found it fit to develop this standard in regulating the wireless communication industry (Thomas, 2009). The stakeholders agreed with International Standard Organization proposal and formed a working group called DASH7 Alliance. DASH7 Alliance together with experts from International Standards Organization developed DASH7 standard which have a significant impact on wireless communication technologies. The DASH7 standard was accepted by international standard organization technical committee and came into effect in 2004. The DASH7 standard has a number of requirements on the corporate sector, concerning the wireless technology. It requires that the corporate sector need to transmit data at a frequency of 433MHz. The standard also requires the corporate sector to use similar electronic gadgets of data exchange to eliminate difficulties of compatibility and encourage easy communication (Thomas, 2009). The standard further requires that all organizations should maintain similar frequency accuracy of 433MHz as a standard way of coding data. This makes decoding easy and encourage use of chips that are similar and easy to operate. The standard also required use of data communication devices that have low modulation and low power consumption. These requirement brought a lot of impacts to the corporate sector in many ways. The standard made the automation of the corporate sector buildings possible. The DASH7 network, with its new frequency of 433MHz, was able to penetrate walls and other impediments that were serving as barriers to automation of buildings. With new frequency, the networks needed less installations than what the previous wireless networks required in making automation of buildings. This frequency of 433MHz made it possible to transmit d ata to smartcards, tickets, and watches in order to establish their location (Norair, 2009). The DASH7 standards pulled the Wi-Fi and Bluetooth out of the market since these standards advocated for use of low power consumption. This made it impossible for these devices to be powered by such low voltages. The DASH7 standard also led to the manufacture of other devices that used very little power. The use of low power made it possible for devices such as watch and smartcard to be automated since they could be tracked from a distance. DASH7 also enabled the development of electric billboards that were used in advertising corporate products. This technology, therefore, boosted e-commerce and enabled companies to make more profits due to low cost of advertisement. The DASH7 technology also led to development of gadgets that utilize the frequency of 433MHz and is commonly used to monitor pressure in car tires (MacManus, 2010). Another gadget called TPMS provides the driver with accurate t ire pressure readings. This enables drivers to save fuel, reduce tire tear and wear, and ensure the overall safety of motorists. The DASH7 technology products are also being used in the management of supply chain. Since DASH7 wireless network has high coverage due to its low frequency of 433 MHz, it is being used in the tracking of maritime vessels, cars, and containers. This is allowing businesses to have control over their assets and, therefore, businesses can be assured of more profit. The use of DASH7