The VP of Operations has embezzled funds.

You are the fraud investigator on a case and you are certain the VP of Operations has embezzled funds. The VP of Operations has been under suspicion twice before on similar schemes but these suspicions were never proven. Do you think, in this case, it would be acceptable to include evidence from these prior situations in your investigation to ensure an arrest and conviction this time?

 

Sample Solution

You wake up one terrible day to discover that an employee you trusted has been stealing from your firm. It’s one of the most traumatic experiences a small business owner can have. There are numerous examples of embezzlement, and employees steal in a variety of methods. The purpose of this article is to assist you in recognizing the warning indicators. You’ll know what to search for to defend your company if you can think like an embezzler. And you must safeguard it! Embezzlement can have disastrous implications for a small corporation. The median value of an employee theft, according to the Hiscox Embezzlement Study, is $294,000.

power is the authority and influence a leader has over a group, if the leader has positional power, they will be able to implement the leadership style they best see fit for the situation. Positional power cannot be measured or quantified, making it highly ambiguous and hard for a leader to understand whether they have it or how then can gain it. It becomes the responsibility of the organisation to have policies in place to provide leaders with some positional power, usually by establishing a clear hierarchal structure. By establishing a hierarchy, the leader is perceived by the group to be able to make demands and expect compliance from them giving the leader legitimate power (French and Raven, 1959). Secondly, by providing the leader with the ability to reward compliance and punish non compliance from the group, the leader has reward and coercive power (French and Raven, 1959). To obtain complete power over the group the leader must gain the trust and belief of the group that they are capable of success, by ensuring the group are both satisfied and meeting performance goals.
The importance of establishing a hierarchy became evident during the planning stage of the outdoor management course for the red team, the coordinators within the team assumed leadership roles but were unable to gain positional power due to the team being a peer group (Pettinger, 2007). The leaders selected had little authority and influence over the group as everyone was perceived to have the same rank, status and occupation, hence the leaders had none of French and Ravens five bases of power (Pettinger, 2007). The result was leaders with no positional power over the group, so could not direct the group with the method of leadership required for the situation. The task had significant constraints, particularly a short time frame and a large group size, for this situation Chelladurai recommends an autocratic leadership style would be most favourable (Chelladurai and Madella, 2006). The leaders attempted an autocratic leadership style, setting individual tasks for the group, however due to the poor leader member relatio

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