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Showing posts from August, 2022

Electing not to depreciate a fixed asset

 An election can be made to not depreciate an asset. This notification should be attached to the tax return for the income year. 1 This is helpful when you work from home in a small area set aside for business and change your asset's use from non-business to business. 2 1. https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir200---ir299/ir260/ir260-2020.pdf 2. https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir300---ir399/ir320/ir320-2022.pdf

Company Process Map

The Company Process Map is the highest level of Process Modelling.  This is a bird’s eye view. The individual processes and specific steps of their execution as abstracted. The three major types of processes in the Process Map are Management processes – processes supporting the strategic direction of the company, e.g. manage products, manage sales, manage investment portfolio. Core Processes – processes enabling products and services that generate direct value, e.g. Advising customer, financing. Support Processes – processes that support the management and core processes and internal clients. Eg : Reporting, Advertising, Accounting. The core processes are generally unique and specific while management and support processes  could be same for the different branches of an organisation.

Trait theory

Traits are aspects of personality that are relatively stable over time. Traits differ across individuals. Traits in a person, could be measured as the habitual pattern of behaviour, thought and emotion. 1 Behaviour is the range of actions and mannerisms made by individuals in an environment. 2 Thought refers to conscious cognitive processes that happens independent of sensory stimulation. 3  These could be in the form of reasoning, judgement, problem solving. They could  form an idea, memory or imagination. Emotions are metal states brought on by neuro-physiological changes - associated with thoughts, behavioural responses and a degree of pleasure or displeasure. 4  Basic emotions can be Happy, Excited, Sad, Angry, Tender or Scared. 1.  https://en.wikipedia.org/wiki/Trait_theory 2.  https://en.wikipedia.org/wiki/Behavior 3.  https://en.wikipedia.org/wiki/Thought 4.  https://en.wikipedia.org/wiki/Emotion

Frederick Herzberg - Two-factory theory

In workplace, one set factors, called hygiene or maintenance factors, are not motivational in nature, but their absence can cause dissatisfaction at work. These could include clean toilets and comfortable chairs, minimum salary levels, company policies and supervisory practices. These are extrinsic to work whose absence  can cause dissatisfaction. Other set of factors, called motivators, includes meaningful work, responsibility and sense of importance to organisation. These are intrinsic to work , leading to personal growth. Eliminating dissatisfaction at workplace means the presence good hygiene or maintenance factors. But they won't lead to satisfaction at work. Increasing satisfaction means providing people with the motivational set of factors in their work. But their absence wont lead to dissatisfaction at work. The theory was developed by Herzberg in 1964 from interviews with engineers and accountants 1 . The collected data contained description of sequence of events at w...