Innovation and Strategic Management Annotated Bibliography

Innovation and Strategic Management Annotated Bibliography

Schornstein Sheri L. “Who Do you Trust?” Association Management, Washington, D.C.: American Society of Association of Executives, Vol 52. No. 11. 2000.

Schornstein writes this article to assist executives from various companies to have an insight on how fraudulent organizations can be prevented. She elaborates her article further by covering five of the most frequently used schemes as 1) theft of equipment or supplies, 2) ghost vendors, 3) diversion of checks received or disbursed, 4) misappropriation of funds and 5) credit and identity fraud. Along the lines of fraud, Shornstein also explained some of the most common reasons or motivations that encourages this type of behavior which she describes as anger, greed and resentment, desperation and for financial reasons.

Schornstein then proceeded by discussing various techniques that can be beneficial to these companies and use it to their advantage to discourage fraudulent organizations. She strongly suggests that blank checks should be secured properly and ensure access to such checks are very limited. She also suggested the elimination of associate credit cards. The use of such credit cards can sometimes go overboard and uncontrolled. Another technique to prevent fraud from happening is avoiding the use of a signature stamp. Signature stamps can be easily acquired and copied. While the use of such stamps are quite easy and convenient, likewise it is also very convenient for other unauthorized users. It is also just as important to review, verify credentials of potential employees. Conduct a background investigation as necessary to know your future workers. There must be a guideline in place on how to report fraud or suspected fraud in the company or organization.

Canales, James E.; Kibble, Barbara D.; Terk, Natasha. “One Step Beyond Strategic Planning.” Foundation News & Commentary, Vol.41 Issue 5 Sep/Oct 2000.

This article talks about how business restructuring is going into a direction that is not within the guidelines of strategic planning. The authors of this article said that restructuring is basically an expansion through the merging of two or more organizations. It creates new partnership that can also include joint ventures. This article also talks about observations and lessons that can be concluded from restructuring. In today’ world of business, most specifically nonprofit organizations, elect to merge with other well-known or profitable organizations to maximize their resources and at the same time minimizing their liabilities or needs while working to accomplish similar goals. This article stresses the point, that strategy is a vital factor to all organizations or businesses and that one of those strategy that is most commonly used is the restructuring or merging of businesses as one to be able to survive

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