Organizational Systems in Many Respects, Research Paper

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The suppliers also threatened to quit spending the materials, subassemblies and supplies critical for making the next generation of products for our company. The new product development efforts underway had to stop for weeks until this systems was straightened out.

Externally to the company suppliers were beginning to talk with the press, wondering out loud in the media if our company was still solvent. Soon, investors were calling our senior management asking if the company was having financial trouble. The accounting and financial organizational systems were nearly responsible for the company being audited when the problem didn't get fixed fast enough. The external impacts of these failed and faulty organizational systems were amplified due to stakeholder's concerns for the company's and their own financial security.

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Accounting and financial organizational systems are among the most powerful in any company as they literally propel them to their goals (Busco, Scapens, 2011). Like a jet engine, they must be continually maintained, fine-tuned for effectiveness, and their impact on the environment always kept in mind. Like a jet engine sends a clear signal of impending flight or take-off, the same holds true of any financial organizational system; it signals the direction and power of any organization immediately.....

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