In one paper, compare a historical topic or event that occurred from the Pre-Columbian Native American civilizations to 1876 to a topic or an event in our contemporary society. The topic or event you choose should include the following: economics, diplomacy, politics, cultural and social. This should be a well developed paper also including the similarities and differences of each topic.
Example: Compare the impeachment of Andrew Johnson in 1868 to the Donald Trump impeachment in 2020.
innovation (John, Litov, & Yeung, 2008). This could have been the board’s initial thoughts on going ahead with the Masters Home Improvement idea. However, it is quite evident that the advantages of having a risk committee to continuously monitor the strategic risk framework outweighs the disadvantages, specifically in Masters case. Though Woolworths Ltd formulated an Audit, Risk Management and Compliance Committee (ARMCC), it did little to predict and place attention on the flawed plan to enter the home improvement sector. Principle 2 states that any listed entity “should have a board of an appropriate size, composition, skills and commitment to enable it to discharge its duties effectively” (ASX, 2014). A structured board provides valuable insights regarding varied aspects of any project. A well composed board is a step to eliminate overlooking important but often not easily recognizable issues (Baysinger & Hoskisson, 1990). On the other hand, with too many brains from different fields come different ideas. This may make it difficult to focus on one situation. In Masters case, it is quite evident that there are directors with great retail industry experience, though little in home improvement sector (Woolworths Ltd., 2015). It would be safe to say that though the board did not have industry-specific knowledge, they did have the experience to deal with entry into a completely new market. However, frequent changes of managing directors questions the board’s commitment, which is an important aspect of Principle 2. By the time Matt Tyson took charge of the company from Don Stallings, he was a part of the solution rather than the problem (McConnell, 2016). It might have been too late for Matt Tyson to prevent the inevitable.>GET ANSWER