Posted: February 1st, 2014
Responses to students posts
1.Latent trait theory offers a more valid rationale as to why juveniles will persist in criminal behavior beyond the age of 25, the latent trait theory mentions that human development is controlled by a “master” trait that remains stable and unchanging throughout a person’s lifetime (Siegel & Welsh, 2012). Juveniles can take a better route in their lives, by changing their opportunities.Juveniles are more likely to continue their illegal acts, due to all the affects they had during their childhood. Certain disorders they may have developed throughout time such as ADHD, psychopathology, drug abuse, etc. can interfere with these individuals trying to change their lifestyles. The onset of crime can be traced to a deterioration of the social bond during adolescence, marked by weakening of attachment to parents, commitment to school, and belief in conventional values (Thornberry, 2004).At the age of 25 many people tend to settle down, some by getting married and forming a family others by finding out the right path in life, meaning they try to stay out of trouble with the law. 25 is the age where you are no longer a young adult however, most people after the age of 25 are less likely to become victims because delinquency are mostly due to the juveniles. By this age many people have their life together, for others it may be difficult but come to a sense, where they might as themselves what they are doing with their lives. Also, how and what they can do to better themselves.
2. The Latent Trait Theory offers more valid reasoning as to why juvenile delinquents will continue to persist in engaging in criminal activity beyond the age of 25. The Latent Trait Theory explains that a human is controlled by a “master” trait that is stable and unchanging throughout their lifetime. Once an individual engages in delinquent activity at some point in their life span, the criminal tendencies and behavior will forever be embedded in the back of their mind and there will be no way to rid of it. “Once a criminal, always a criminal,” would be an appropriate way to look at it. For example, if an individual is a juvenile delinquent and decides to enter the military to clean their slate and make their record look better, they will have stopped engaging in criminal activity. But once they come back home from base, all of the delinquencies will be once again tempting them and they are more likely to begin engaging in the acts that they had longed so hard to escape from (Siegel & Welsh, 2012). Offenders are more likely to stop offending after the age of 25 and also to stop becoming victims after the age of 25 because juveniles seem to be the main cause of criminal activities. A delinquent personality is more likely to be developed from the onset and as the years progress, individuals start to be able to distinguish between what is right and wrong and they may not want to be a part of the delinquent path that they had once been a part of. Younger people are also prone to be victims because they are easier to target than an adult because they are less knowledgeable. 25 is the age where people start to expect more from themselves and want to better their lives if they had not done so already.
3. A company’s strategic plan focuses on long-term goal for the business, and works as a road mad for them. With a clear strategic plan, the business should be able to eliminate areas of inefficiency and increase revenue or decrease costs. When a company makes their strategic plan, they amount of money which is available often determine what the strategic plan can include. The company has to do Financial forecasting to determine the amount of additional financing a firm will require in the future. The strategic plan and financial plan works together hand in hand. If a company does any changes in their budget, they might have to reevaluate their current strategy in place, and if they want to change their strategic plan, they must be sure they have enough money to do so.The various functional departments of an organization use financial planning to budget their requirements and forecast expenses to meet their goals and budget cost that each department need.
4. According to the text Strategic planning is a long range in nature and deals with the overall direction of the firm. It islargelyconcerbed with anticipating significant new developments and changes that will have a major impact on the inductry and thee firm. The financial plans lays out the financial resources that are needed to achieve the operational objectives pf the firm. Financial plan is an important factor in a companies strategic planning. With Financial planning managers are able to make financial decisionsbased on the direction of the company for both long and short term goals. Also budget are prepared on an annual basis and subdivided into months. Cash budget are useful in determinning the amount of short-term funds the firm may need to borr
ow to cover any projected cash shortage. Budgets are related to a companys strategic plan because its always done ahead of time to project future shortage. Various functional departments of an organization such as marketing, operations, sales, executive management, finance etc. use financial planning for their respective department based on their overall requirments as planned, forecasted expenses to meet the desired goals and the overall budgeted cost that needs to be allocated for each department.
ow to cover any projected cash shortage. Budgets are related to a companys strategic plan because its always done ahead of time to project future shortage. Various functional departments of an organization such as marketing, operations, sales, executive management, finance etc. use financial planning for their respective department based on their overall requirments as planned, forecasted expenses to meet the desired goals and the overall budgeted cost that needs to be allocated for each department.
5. Financial planning and budgeting are related to a company’s strategic plan because they are very crucial to a company’s success. Financial Planning helps companies to figure out the best use of the company’s financial resources in order to grow a business. Budgeting shows a company’s cash flow, it specifies how funds will be used “to plan, coordinate, and control a firms operations.” Both financial planning and budgeting goes hand in hand once a financial plan is made the budget is used to “coordinate the overall activities.” Financial planning and budgeting helps a company to figure out what their strategic plan will be by helping them to make new changes which will influence the industry as well as the company (Moyer, 2009).Various functional departments of an organization use financial planning in order to coordinate and plan for their long and short term activities. Purchasing department has to review the budget to make sure there is enough equipment is available, the production and marketing department work with each other to make sure products and inventories are readily available, the finance department helps the company get money “with the requirements of the purchasing, production, and marketing department.” Various departments of a company is affect by financial planning it helps all these departments to move forward with their short and long term activities and it ensures how well or not so well a department is doing in the strategic planning stage (Moyer, 2009).
6. Strategic plan deals with overall direction of the business but operational plan is used as blueprint detailing. It is about where the firm wants to be in the future. Strategic planning is interested in predicting developments and changes which have major impact on the firm. Budget is related to that because it has an important role in the financial forecasting process. If there is effective cash budgeting , management can identify potential cash flow problems and act accordingly. It is very important for strategic planning because the cash should be arranged according to the plans. There are objectives of the company and these objectives can be achieved by developing operational plans which includes marketing, production, human resource and financial. The marketing plan includes marketing resources which are needed to meet the objectives. The production plan includes facilities which are needed to achieve the operational objectives and includes advertising strategy as well. The production plan has facilities which are needed to achieve operational objectives like shifts, plant refurbishment and expansions. The human resource plan is interested in personal aspect of these objectives. The financial plan drafts the financial resources to achieve operational objectives of the firm.
7. Strategic planning is the process by which management establishes an organization’s long-term goals. These goals define the strategic direction that an organization will take over long period (usually ten years) and are the basis for making operational plans. Financial plan forecasts financial resources needed for accomplishing the goals articulated in an operational plan. The short-term goals identified in an operational plan play a central role of an organization’s budgets for the year. Budgets are used to communicate information, coordinate activities and resource usage, motivate employees, and evaluate performance. Various financial departments of an organization use operational plan to match their goals with the resources necessary to accomplish those goals. Operational plan includes a financial plan, a marketing plan, a production plan, and a human resource plan. Marketing plan consists of market research and promotion required for accomplishing organization’s goals. Human resource plan ensures the business has the best staff for the job. Production plan shows what expenses needed to for the desired facilities. All financial departments of the organization work together to achieve goals stated in the operational plan.
8. In fact, it is all about the money that a company has. It is clear that budgets and financial strategic plan help a company to adapt its operating activities to the cash levels of corporations. The company needs to make its strategic plans according to the financial plan and budget. It is known that strategic plan is general and it includes everything.Different departments of an organization such as marketing, operations, sales, executive management, finance use financial planning for their departments which is based on the general requirements as planned. Expenses are forecasted to meet the desired goals and the general budgeted cost that should be allotted for each department.
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