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The Contribution of the Industrial Placement to Management Education: Price Waterhouse Coopers - Essay Example

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This discussion describes the nature of Price Waterhouse Coopers and its actual market position compared to personal development characteristics gleaned throughout experience in the programme. This division of PWC is located in China in multiple cities…
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The Contribution of the Industrial Placement to Management Education: Price Waterhouse Coopers
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"The Contribution of the Industrial Placement to Management Education: Price Waterhouse Coopers"

Download file to see previous pages This essay stresses that the organisational culture present at PWC is team-based, with considerable organisational unity and loyalty from existing staff members and management. This is a significant accomplishment considering that Price Waterhouse Coopers operates in a very diverse and culturally varied environment with individuals hailing from multiple international destinations and cultural backgrounds. However, the organisation operates in a very structured hierarchy where information is disseminated from the higher levels of senior management and filtered downward throughout the organisation. There is not much in terms of autonomous working at PWC and there are significant compliance-based policies in place as a form of management control. Despite this vertical structure, the extended benefits offered to employees working in different divisions supersedes motivational problems and thus there is considerable reliability and productivity from work teams and individual job function.
As the paper declares PWC operates in a highly competitive marketplace with considerable volumes of competition, too many to list effectively. Competitors include independent and large-scale consulting firms that provide similar tax-based services to business and consumer clients throughout China. Therefore, it is difficult to distinguish the PWC brand from other consulting and tax service companies as part of branding strategy. For this reason, innovation is applauded at PWC as a means to gain competitive advantage. These innovations include customized consulting services and programme development strategies in order to maximize opportunities for a variety of diverse business clients. There is considerable reliance on external sales teams to develop value propositions that are promoted effectively in print advertising and in the virtual online environment. Word-of-mouth in relationship to previous successes in consulting and tax services continue to give the business a more valuable marketing presence and the ability to draw more revenue-producing clients across China. 3. Personal Role within PWC Role obligations at PWC included assisting in China Tax and Hong Kong Tax services as related to local obligations for tax structure. Additionally, preparation of cover letters, tax computation scheduling and tax returns for client review and approval was conducted as a regular business activity. Communication and interaction with clients was routine at PWC and included discussion with Inland Revenue department in Hong Kong to ensure that clients had paid their provisional tax and confirm that clients have submitted proper information so as to evaluate tax policies most suitable to their needs. Other duties included monitoring of government budget proposals, such as allowances that might change periodically that directly impacts the provisional taxes paid in the next assessment year. Direct assistance services were also provided to senior managers to draft effective cover letter and online communications to clients and partners. It was a diverse set of job role functions and communications premises that had significant ...Download file to see next pagesRead More
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