The Factors before Implementing Economic Value Added Essay

The Factors before Implementing Economic Value Added - Essay Example One of the most crucial factors that are likely to have significant influence over the implementation process of EVA is the support and commitment from top management of the organization. Since the concept of EVA involves the change in attitude and behavior, it is very important to have acceptance from the top level. Researchers show that EVA and all other aspects that are associated with it will be completely accepted by the employees when they will identify that the top management of the firm has already accepted it. Often it is found that the senior executives are actually half-heartedly committed to the concepts like EVA as their understanding regarding value creation is vague. As a consequence entire implementation process gets affected and this, in turn, affects the company’s performance in the long run. However, according to Stephen F. OByrne and S. David Young, making the senior management, as well as the board, understand regarding the value-based management and EVA i s just a start of the entire implementation process (Young & OByrne, 2001). They have also opined that the executives and consultants have to take additional responsibilities and convince the top management and board of the company regarding the importance of value creation and the role of EVA (Young & OByrne, 2001). Once, this starting phase is completed, key strategic decisions regarding program design have to be taken. It is very important to consider the factors like EVA centers. It is crucial to define the EVA centers for a particular organization. In other words, organizations need to identify how far down the organizational hierarchy the EVA concept will be implemented. In order to define the EVA centers, existing profit centers can be taken into consideration.      In addition to this, there are two other important factors that have to be taken care in the process of implementing EVA in an organization.

Impact of Religion, Faith, or the Dominant Ethical System on Politics Essay - 1

Impact of Religion, Faith, or the Dominant Ethical System on Politics - Essay Example Statistics of the breakdown in religious affiliations of the faithful in the Philippines reveal that â€Å"the main religious group in the Philippines is Roman Catholics who account for 83% of the population. Other religions include Protestant 9%, Muslim 5%, Buddhist and other 3%.† (NationMaster, 1) In view of the predominance of Roman Catholics in the Philippines, the majority’s religious beliefs have a strong effect on the view towards politics and the existing governmental structure. The long history of colonization from Spain brought great changes in the political, economic and cultural life of the Filipinos. Christianity was introduced to replace the old religion based on spirit worship and a centralized government was established over the ruins of the barangays. (Leuterio, 223) Dolan proffered that â€Å"with the advent of United States control, the Catholic Church relinquished its great estates. Church and state officially were separated, although the church, counting more than 80 percent of the population as members, continued to have influence when it wanted to exert it.† (Dolan, Church-State Relations, 1) Further, Dolan clearly distinguished Catholics falling into three groups: â€Å"conservatives who were suspicious of social action and held that Christian love could best be expressed through existing structures; moderates, probably the largest group, in favor of social action but inclined to cooperate with government programs; and progressives, who did not trust the government programs, were critical both of Philippine business and of American influence.