An Investigation of Role and Importance of Trust in Establishing Literature review

An Investigation of Role and Importance of Trust in Establishing Online retail Relationship in Fashion Sector - Literature review Example Trust is regarded as the chief strategic asset of a firm when it aims to bring about operational changes subjected to market uncertainness (Park and Srinivasan, 1999). It is perceived to be the central constituent in professional relationships. The value and meaning of trust have changed over time, but its intrinsic outcomes remain beneficial. Organizational scholars provide great importance to the issues of trust. The issues are legitimated by the changes in economic exchange relations, organizations forms and social societal structure (Bijlsma and Koopman, 2003). Tom Tyler (1996) had stated that trust factor is imperative for organizational success. Trust existing within the workplaces of an organization helps to create voluntary-corporation among the workers. The performance and productivity level of an organization considerably depends on the extent of cooperation among the workers. Gradual changes in societies and organizations have enhanced the importance of the matters relating to trust (Parker, 2012). Trust is considered as a solution to specific risk-related problems arising between different individuals. Trust within organizations is mandatory for motivating professional associations and driving rapid business imp rovement. Experts are of the opinion that strategic cooperation and collaboration between different firms become easier with the presence of trust between them (Hahn and Kim, 2009). The attitudes of the employees within workplaces are also determined by the same. Employee satisfaction from jobs and their commitment towards work tasks are largely influenced by their trust towards the firm. Brand value of a company in the market is largely dependent on the stakeholder's trust towards the same. Researchers point out that satisfaction derived by the consumers from the consumption of goods or services of a company is directly proportional to their trust towards the same (Winch and Joyce, 2006).

Forensic Accounting Review Questions (Easy) Essay

Forensic Accounting Review Questions (Easy) - Essay Example Either the management or the accounting team are the most prone to engaging in these acts. Lack of business ethics and personal morals are the breeding grounds for these fraudulent activities. It has been clear that individuals engage in fraudulent activities because of diverse motivations and stimulations. When it comes to revenue fraud, the likelihood is for the company to overstate and understate various parameters, we found that this is done by manipulating the sales, recognition of conditional sales, sale of consignments, misstatement of the percentage of completion, abusing of the cut off dates, unauthorized shipment and premature recognition of revenue. Concerning the same issue of revenue, the collusion by the fraudsters can result to situations such as understatement of bad debts, overstatement of ending inventories, overstatement of the assets’ worth, and understatement of the liabilities among other dubious means. All these aspects are under the motivation of the ne ed to cover up mistakes or misrepresentation of the financial position of the company. The knowledge acquired is very helpful to my future employer and me as an individual. In the workplace, we have diversity of people, some of whom can manipulate situations to their advantage. It is important to aware of what is ethical in the workplace in order to avoid being trapped on such situations. Sometimes the management may coerce an employee to engage in a fraudulent activity, without such knowledge one is likely to commit fraud unknowingly. Another thing is that lessons learnt stirred my curiosity in understanding business law; it has prompted me to start engaging this area since it can easily result to personal and organizational damages. In addition, it has opened my mind to the understanding business of dynamics, including the manipulations that are likely to be made in order to misrepresent information for a particular organization. The group was very influential in the understanding of the topic. I participated in the group activity by handling the section that I was assigned to research on and went ahead to help in the report writing. The group members were very cooperative hence facilitating timely achievement of results. I also presented a fraudulent case scenario that enhanced the understanding of the topic. The case had featured in one of the local dailies; it helped us relate very well what we learnt in class. Each member of the group completed the task assigned to them on time hence the ability of the group to finish the project on time. Despite the many lessons learnt some of the topic areas were challenging and presented some level of difficult. During the lecture sessions I found difficult in understanding the legal provisions of that are related to fraudulent activities. However, after extensive and repetitive reading I was able to comprehend the sub-topic. Question 2 Fraudulent activities are not easily identified, it is highly unlikely that a frau dulent activity will be realized unless the parties involved leak information or some auditing system unearths it. These are the likely means through which tips come along, without which it may be impossible to recognize a fraudulent activity. I do not think a fraudulent activity is recognized in the first instance. The high level of secrecy that is involved hampers the process of