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The Study on the Construction of Social Organization’s Internal Control System

On 23/09/2013, in Management, by rain

Social organization, as an important link in the process of stimulating the economic,political, cultural and social construction settled as development goal in the report tothe Seventeenth National Congress of the CPC, and as non-governmental public fieldoutside the governmental&political field as well as the market economic filed, isnow showing its indispensability providing public service, taking part in publicmanagement, securing public benefits, reflecting public’s appeal, adjusting socialconflicts, supporting public charity and being a new force of the construction of aharmonious society. It is also a significant support force to the Party and theGovernment regarding social management application.Only when social organization enjoys prosperous and healthy development can weimprove the overall social harmony to higher level, realize the stability of the peopleand accelerating overall social development. Since developed for only few years, fromperspective of organizational structure, managing methods and supervision mechanism,social organizations in China still have lots of defects resulting in frequent scandals.But all laws the government carried out cater to enterprises but not socialorganizations although no high-frequency bankruptcy occurred in social organization asin enterprises. However, the truth is social organizations also face lacking of internalcontrol and management deficiency as well as other issues.Therefore, constructing internal control system not only can help socialorganizations find management and operation defects in time but also help decreasingpossibilities of risks through risk control methods. Thoroughly execution of internalcontrol regime will be very benefit for the combination of external and internalsupervision, which will accelerate the transparent and public operation, standardizemanagement behaviors. Stimulating the regime’s well-organized operation and healthydevelopment has important practical meaning for the deepening of social system reform,strengthening construction of a harmonious society and improving the opening-up level.The article is divided into five parts. The first part introduces the researchbackground and meaning, domestic and foreign scholars’ research results on current social organizations’ internal control as well as research methodology and content.The second part is about research theoretical bases that are illustrated fromsociology, economics, management and other perspectives. The author firstly definesthe growing base that is regarded as civil society in western world for socialorganizations, confirms the existing purpose and meaning of social organizations.Illusion on the existence of resources and stakeholders in social organization internalcontrol and analysis on exist situation of social organization will also be made.Secondly the author will provide relative theoretical guide to internal control systembuilding according to Good Governance Theory, Self-government Organization Theory,Risk Theory and Internal Control Theory.The third part of the article discomposes the current situation of the internal controlof social organizations. First, foreign existing advanced experience on socialorganization structure building illustrated. Second, current situation of China’s socialorganizations’ risk management and supervision is studies. According to disclosure ofthe current situation, the author analysis the risks that our social organizations areconfronting and points out our problems in social organization supervision.The fourth part builds the overall social organization internal control system. Theauthor studies the whole structure according to the Five Factors on internal control andbuild initial regime for social organization internal control combing theories andChina’s specific national condition.In the fifth part, the author proposes relative strategic suggestions on internalstructure installation, risk management system, control measures, informationcommunication regime, supervision and inspection regime and so on, attempting tostandardize management methods and accelerate its healthy development so as toprovide referential idea for the strengthening of social management innovation andsocial development.

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Research on Airline Operation Safety Supervision Strategy Based on the SMS

On 21/09/2013, in Economics papers, by rain

In recent years, the number of flight accidents is going up, such as flying wrong routes,landing on wrong runways, overrunning and overloaded operations. The accident whichhappened in Yichun Airport is an exact example to show those existing problems in airlinesthat includes violations, flaws in the security management and imperfections of operationsupervisions. The Safety Management System, as a new system in China, needs strictersupervisions to make sure its operation and improvement. Besides, in the operation of SMS,airlines also need to improve their measures in the supervising of safety and to enhance thedevelopment of safety management systems.First, this paper analyzes airlines’operation features and their safety conditions. Then, itaims at the changes of relations between airlines’safety management modes, operationalprocesses, preventions and the CAAC’s safety supervisions after the establishment of SMS. Italso studies the SMS evaluation system of the CAAC and the design of the checking quotawhich based on results and processes. Third, it analyzes the existing problems in theoperational supervision system of the CAAC. Reasonable recommendations are raised forimprovement. Fourth, based on the logos of the SMS, the improved supervision system isestablished which pay more attentions to the risk evaluations and preventions. Besides,methods to recognize risks are raised according to the SHEL model. And the improved riskquantitative analysis model is established at the foundation of airlines’existing problems.Analyses about the SMS which are produced in this article will help to improve thesafety supervision theories in Chinese airlines, and provide directions for both the CAAC andairlines in the operation of supervision and safety management.

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A Study on Risk Management of Implementation of WISCO’s Going out Strategy

On 21/09/2013, in Management, by rain

Wuhan Iron and Steel (Group) Corp.(hereinafter referred to as WISCO) is a largeiron and steel joint venture which was built after the foundation of New China. WISCO’sproduction is increased by7times after50years of development. During the “TwelveFive” period, the iron ore gap of WISCO will expand to more than90million tons. Theshortage of iron ore resources has become the “short board” for the WISCO’s current andfuture development. In the recent years, WISCO has implemented the “going out”strategy, accelerating the establishment of overseas ore resources support base andinvesting in overseas ore resources through equity participation, share holding, projectcooperation. Risk identification and prevention have increasingly become the mostconcerned problem in the implementation of WISCO’s “going out” strategy. Thus, thisresearch is of significant importance for WISCO’s further development.This thesis introduces the origins of the topic, the background and significance ofthis research, and a brief introduction of the basic concepts of foreign direct investmentand risk management. After reviewing the correlative researches of the foreigninvestment risk management in mineral resources, it determines the involved concepts.Based on the analysis of the specific processes in the implementation of WISCO’s “goingout” strategy it summaries the causes and characteristics of the risks, and establish thetheoretical framework of risk management of WISCO’s “going out” strategy. This papercategorizes the risks of investing overseas mineral resources; furthermore, it identifiessome individual risks through analyzing the risk origins during implementation processof WISCO “going out” strategy as well as the empirical analysis. On base of the categoryof the risks, this paper classifies and identifies risks for different levels through AnalyticHierarchy Process Theory and Fuzzy Comprehensive Evaluation Method It will help tobuild the risk prevention system for each level of the risk. Finally, with the comprehensive view all the aspects of risk identification, assessment, control, this paperbuilds the “Hierarchical classification centralized” risk management functionalorganization system during the implementation of WISCO’s “going out” strategy, toavoid risks, so as to achieve in doubling the scale of operation and the effective economyand meanwhile increasing the value of national assets

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The Study on Real Estate Development Loan Risk Management of Hunan Province Branch of Bank of Communications

On 21/09/2013, in Finance, by rain

With the prosperity of the real estate market in recent years, the investment ofreal estate field was growing continuously. But according to influence of macroeco-nomic fluctuation at home and abroad and nation control policies, the risk of real es-tate industry is accumulating and increasing. Commercial bank is the main channel ofreal estate enterprise’s financing, and real estate development loans accounted for themost part of bank loans. The risk of real estate industry can transfer rapidly to thebanking system, so effective risk management for real estate development loans isbecoming a important link of commercial banks to control the risk instantly. The ef-fectiveness of real estate development loans risk management for commercial bank isnot only related to the commercial bank’s stable operation, but also to the stability ofthe financial system even country. In this condition, the research for real estate de-velopment loan risk management is very necessary.This paper selects Hunan province branch of Bank of Communications as theresearch object, analyses the real estate development loan risk management problemsystematically, and puts forward the effective suggestions to improve real estate de-velopment loan risk management. This paper reviews firstly the domestic and foreignexisting risk management theories, providing theoretical basis for the next analysis;Then the current situation of real estate development loan risk management aboutHunan province branch of Bank of Communications is analyzed, and problems exist-ing in the risk management are put forward, including risk identification procedure isnot scientific, risk early warning system and risk assessment method are not perfect,and risk control means lacks of effectiveness; On the basis of the ideas, goals andprinciples about real estate development loan risk management system improvement,real estate development loan risk management is improved by risk early warning, riskidentification, risk assessment and risk control; Finally,five implementation andsecurity measures, including enhancing risk management team construction,strengthening risk management system, promoting risk information system construc-tion,building enterprise risk culture, and learning advanced experience of the industry,are put forward to Hunan province branch of Bank of Communications.

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Supply Chain Risk Management for Customer Satisfaction and Profitability among Local and International Retailers in China

On 21/09/2013, in Management, by rain

Supply chain risk management means all attempts to reduce all threats of interruption (risks) to the workings of the supply chain, right from the customer up to the supplier or vice vasa. With the presence of supply chains running over thousands of companies risk is increasing at a faster rate as opposed to the former simple retail business where products were transferred from manufacturers to customers by small retailers who had little or no influence on the working of supply chain. In the face of competition and globalization therefore, risk management in relation to customer satisfaction and profitability for survival and more importantly for excellence is needed. In my research am looking at the various risks that could undermine retail business performance, mitigation measures and thereafter offer recommendations. Risk is commonly measured by the variance and standard deviation from expected values in business performance. However my research is limited to qualitative analysis, describing and interpreting events that lead to risk and how to reduce or contain them. This thesis is divided into5parts:The introduction came first, describing the supply chain risk concept, the background and the objectives of the study. The scope of the study and problem statement are also here. The Literature review section is the second and it’s comprised of the various theories relating to the topic in question and previous studies that have been conducted relating to the topic in question. Methodology comprises of the case study approach and3cases that is Walmart. Metro and Hongkelong the international and local retailers in China respectively, data collection methods, data collection instruments and data analysis methods and in this case questionnaires and interview guides were used in data collection, while analysis was mainly descriptive and tabulated hence qualitative. The fourth chapter is comparing and analyzing results from the field, which included mainly risk analysis. Risk management for customer satisfaction and profitability is in chapter four. The fifth chapter is composed of conclusions and recommendations, which included visibility and sensitivity to demand and physical risks (accidents on escalators), and yet they greatly affect customer satisfaction and consequently profitability.

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Risk Management of ERP Project

On 21/09/2013, in Management, by rain

Gartner Group put forward ERP (Enterprise Resource Planning) at the beginning of1990s. ERP is a Software System which effectively combines Financial Mangement, Purchasing Management, Inventory Management, Production Management, Sale Mangement and Human Resource Management. It can unified plan, overall consideration and strictly control the use of the inter resource of the whole enterprise. Through ERP, the enterprise can make full advantage of the Human Resource, Financial, Physical and Information. ERP can increase benifit and decrease cost in the enterpriseERP has broken the traditional pattern of the System Implementation. It promotes “Mangement” to the core position of the System Implementation and changes the goal of the Information System from simply electric, automatic to effectively combination of management and IT technology. As a supporter of new management idea, ERP can improve the core competion ability of the enterprise.From1990s, enterprises in China began their ERP projects. But with many years of project implementation, there were still many failed projects.The cost of ERP project is huge, the period of ERP project is long and the infuluence of ERP project is immence. The absence of project risk managent is one of the important reason. From1980s, risk management is promoted in the area of project management and the theory of Project Risk Management is built. Project Risk Management of ERP has been the import subject of research.Different projects in different industry or environments may vary great, so it’s not enough to only use the theroy to manage the project risk of ERP.In this article, the author introduces the detailed backgroud and the risk management of the China Unicom Corporation ERP Project. It may give the reference to other similar Projects.This study is on the basis of the theory of Project Risk Management and the results of the new reaserch and identifies, analyzes the risks of the ERP project, and suggests the method to control the risks through the owner or responsibility, the activity, the plan of risk management.

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Research on Control of the Risk of Stock Investment under the Macroeconomic Fluctuation

On 21/09/2013, in Finance, by rain

The stock market is the reflection of the condition of the macroeconomic and has the forecast function of the macroeconomic condition. The investor faces one of the main system risk of the stock investment which is caused by the business cycles. The type of the risk of stock investment and how to control the risk are one of the main research fields of finance.Under the condition of macroeconomic volatility, we first divide the risk of stock investment into different type and put out the stock portfolio method to manage the risk, according to the sensitivity of the industry or commodity with the business cycle and the trend of Chinese economic. In the paper, we select coal industry, rare metal industry, medical industry, the above industry simple rate portfolio and the shanghai stock composite price index as samples. We compare the numeric characters and numeric relations of the changes of the stock portfolio’s price, reward, β nature of risk, the index of Sharp etc of the different samples from2006to2010period. The main results are the following:the price’s change of the coal’s portfolio is up the greatest and the next is the simple portfolio. The coal’s price and the rare metal have the greatest upward during the expansionary policies’period. The investor’s behavior has great change. The index of Sharpe indicates that the coal’s portfolio is the highest, the simple portfolio is the second. The period of the portfolio has an important effect on the portfolio’s reward, nature of risk, evaluation of portfolio. The study implies that it is effective to construct different industries into portfolio to control risk according to the sensitivity of the industry with business cycle and monetary policies and fundamental function in the economy.

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Influencing Factors Between as Ymmetricinformation Theory and Quality Managementinjoint Research and Development Mode

On 21/09/2013, in Management, by rain

Joint research and development mode is one of the very popular methods to program research and development, the advantage of this kind of mode is the cooperation could bring maximum benefits, reduce program research time.This paper report aimed at quality management that was influenced by asymmetric information theory in joint research and development mode, the program was delaved and risks was not easy be controlled. These are all influenced by asymmetric information theory. The asymmetric theory let us know that the program information is very important to us. As the human factor, the information was gotten from what kind of channel, how many information was delivery, the risks and benefits are all different. Asymmetric information theory research tells us how to do improvement in order to get the maximum benefitsTheory and practice is the mainly method, based on the Iheory and practice, in joint research and development mode, the problems of program time delay and risks factor could be solved. Enhanced program early phase investment, proces improvement, quality tools application, risks management mode established, which are all the main method to make program quality improvement. Quality tools application is the newest method which was never used into program management before.It is very hard to find more material regarding joint research and development mode in the market. especially in asymmetric information theory related joint research and development mode, and this paper could be provided a good reference.

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The Research of Risk Management on Ict Project

On 21/09/2013, in Economics papers, by rain

In the face of growing competition in the telecommunication industry, especially the challenges of unstable international economic and financial situation to large enterprise, the telecom operators are active in a sound system of internal control and risk management in order to enhance the management level and market competitiveness and the capacity of risk management.With the development of China telecommunication industry restructuring, form the three telecom operators competitive situations.At the same time, the communication industry rates decline for8consecutive years,the income growth of telecommunication industry lower than the GDP.growth rate for many years.Under the income growth pressure and customer communication and information service demand, three telecom operators are actively to integrated information service provider and the business operator.ICT service is a typical project management, ICT project competition is intense with each passing day. Whether for internal control point of view or the project risk management point of view, telecom operators should enhance risk management SYNTHESIS AND GROWTH MECHANISM OF BORONCARBONITRIDE NANOTUBES BY SOL-GEL METHOD project risk management, and combining the real situation of some ICT project, I expound risk factors and methods on project risk management.In this paper, I used brain storming method and query method to identify risks and get the risk Register. And then use the questionnaire method to analysis risks.At last, integrate theory with practice, given the risk response strategy and key measures.

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The Research on the Accounting Business Process Reengineering of the Bank of HC

On 21/09/2013, in Finance, by rain

With the globalization of world economy, the rapid development of informationtechnology and its wide application, the human society has entered into the era of neweconomy. The new economy has brought great chances to the financial domain.However, it also gives commercial banks a hitherto unknown pressure—-customers’needs of diversification and individuation, intense competition with each passing day,and new challenges raised by information technology to the bank’s adaptability. Insuch a case, Commercial banks should change management concept and implementbusiness process reengineering actively to set up customer-centric business model.Firstly, the article introduces the research background and significance of thebank reengineering, the business process reengineering theory and the accountingbusiness process reengineering theory and risk management theory. And then takingthe Bank of HC as the object, the article describes the current mechanism of itsaccounting business process, analyzes the existed problems in the process, and thendiscusses the necessity and feasibility of accounting business process reengineering.And then this article appraises the scheme of the BPR of the Bank of HC according tothe content of accounting business process, such as accounting treatment system,accounting system, accounting organization system, customers’ relationshipmanagement system and accounting management and control system. Finally, thisarticle conducts an analysis with expected effect of the accounting operation flow, and then thearticle analyzes the risk after the implementation, and puts forward the measures ofrisk management.This article takes the Bank of HC as background and gives the normative andpositive study on the reforming phenomenon of bank BPR, the goal is to establish acomplete analysis system for the bank BPR. The paper tries to solve the practicalproblems existing in the business process, if not, the problems will cause seriousproblems to the bank itself. The article hopes to offer the countermeasure andsuggestion for the commercial banks of our country to improve their operationefficiency and competitiveness.