The ability to make decisions is of paramount importance in criminal justice organizations. Due to the sensitive nature of work performed by criminal justice organizations, how an organization makes decisions and achieves effectiveness may be a difficult proposition. With so many stakeholders involved, both internally and externally, the organization and its leaders need to find different ways for making the best decisions possible.For this assignment you have just been appointed to be the Director of a State Juvenile Bureau. The bureau is actively involved in the handling of juvenile delinquents and the crimes committed by them. The state bureau takes on cases of juveniles and tries to find both the best possible and least harmful punishments for them. Another area of work for the bureau is to reach out to other juvenile facilities across the state to provide them with training on the importance of kind and humane treatment of juveniles. In collaboration with these facilities the state bureau is often called in by other juvenile facilities to help them make decisions about juvenile offenders. In addition, the state bureau provides help to schools in the rehabilitation and treatment of juveniles with behavioral problems.Although the job of director of the bureau is a big step up in pay, it does carry extreme responsibilities with it. Not only does your job require great commitment, it continually requires tremendous dedication to the well-being of juveniles. You're constantly faced with situations requiring the weighing of facts and information so you can make good decisions. The bureau is responsible for the ethical and just treatment of juvenile delinquents. It is the basis on which the effectiveness of your organization relies. Therefore, the need to make correct decisions is paramount.Unfortunately, as with most organizations, there is an existing organizational culture within the organization. Informal networks are set, and there seems to be a great amount of political influence from the Board of Control. Though the mission of your organization is clear—to implement the humane and gentle treatment of delinquents—there seems to be some resistance from the board. The board consists primarily of people who have been politically appointed, and they are the legacy of a past conservative government that believes that getting tough on kids is the only way to get them on track. The board’s approach contradicts the prevailing bureau culture.As director of the State Juvenile Bureau, you have a number of tasks ahead of you:First you need to recognize that decisions made by the bureau directly effect the bureau's effectiveness; you need to increase the bureau’s organizational effectiveness. Determine the type of model you will institute to increase organizational effectiveness and explain why this model will be most useful. Your primary goal is to understand the prevalent culture of the organization. It is important for you to bring about greater consistency between the mission of the organization and the political influences. Accurately describe the prevalent culture of the organization and formulate a plan for running it. How would you make sure that the decisions made by your organization regarding juveniles and their sentences are consistent with the goals and mission of the bureau? How would you influence the internal and external politics affecting the bureau to the bureau’s advantage? Your second aim is to apply the themes of decision making to the decision-making processes in the organization. How would you use the following to improve decision making in the bureau: equity, accuracy, consistency with theory, consistency with resources, and making decisions that contribute to future decisions?

Deliverable Length: 700-900 words or 8-10 PowerPoint slides with speaker notesJames O'Hara, an ABC client, is a single, 37-year-old, self-employed plastic surgeon who currently owns a condominium in Tiburon, CA, worth $1.4 million. James is doing quite well financially. His gross income from his practice last year exceeded $350,000. Upon graduation from medical school, he began investing in stocks and opened an IRA. He made his selections mostly on the basis of articles he read describing good investment opportunities in various personal finance magazines. Because of his hectic schedule, Dr. O'Hara has seldom taken the time to evaluate his portfolio performance, but he feels it is not quite up to par.Dr. O'Hara currently has about $350,000 in investable funds with about $130,000 currently invested in several stocks at a local discount brokerage house, as well as an IRA account funded with three mutual funds that are currently worth about $170,000. After working with a staff financial planner and investment advisor at ABC, the following investment strategies have been drafted for Dr. O'Hara based on his financial needs and objectives:Dr. O'Hara will contribute the maximum allowable yearly contribution to his newly established private practice 401(k) plan, which will also be managed and monitored by ABC. The account is to be funded with only one well-performing mutual fund. The fund investment objectives must include the ability to earn market returns consistently and minimal yearly management fees.A sum of $30,000 is to be earmarked for Dr. O'Hara's upcoming wedding and honeymoon trip in June of next year. Dr. O'Hara wants this portion invested in a very safe place with no expense, sales, or early withdrawal charges.Dr. O'Hara is also planning to assist his nephew with medical school expenses in 3 years. To this end, he wants $60,000 earmarked in an account with higher than current certificate of deposit or money market rates but minimal market volatility.Dr. O'Hara's average, long-term (5 years and on) minimum required rate on equity investments is 9%.Dr. O'Hara's risk tolerance questionnaire indicates that he is a moderately aggressive investor.Assignment:You are asked to assist the ABC financial advisor in charge of Dr. O'Hara's account with the compilation of a presentation package. Present the information in a report of 3–4 pages or 8–10 PowerPoint slides including 200–350 words of speaker notes on each slide that covers the following: Construct an asset allocation model for Dr. O'Hara given his financial objectives and risk tolerance level.Explain and defend the rationale behind recommending the model.The asset allocation must have between 3 and 5 asset classes.Recommend a suitable investment alternative for Dr. O'Hara's wedding and his nephew's tuition assistance objectives.Thoroughly explain and defend your recommendations.Recommend a suitable mutual fund for Dr. O'Hara's 401(k) plan. Provide detailed information about the fund, including the following:The name of the fundIts portfolio manager's name, experience, and qualificationsIts investment philosophy and strategyHow long this fund been in existenceIts current NAVIts yearly management fees, which must not exceed 1% of amount investedThe fund's 1-year, 3-year, and 5-year returns*An assessment of some of the risks involved in investing in this fund*Please do not pick a mutual fund that has been in existence for less than 5 years because it may not have an established track record. Providing a link to a fund Web page is not an acceptable substitute for your executive summary for the client.Assuming a risk-free rate of 4%, the following data were derived after a close examination of Dr. O'Hara's IRA mutual fund portfolio:FundAverage Annual ReturnBetaFranklin Domestic Fund0.0780.950Scudder Pacific Basin Fund0.1251.250American Mortgage Securities Fund0.07500.25Using the Treynor ratio (also known as the Treynor measure), which fund has the best risk-adjusted performance? Show your calculations.