...LEADERSHIP IN ORGANIZATIONS(Draft Syllabus) B01.1302.25 Spring 2010 Professor R. Kabaliswaran Office: KMC 7-56 E-mail: rkabalis@stern.nyu.edu Office Hours: 11:30 AM– 1:00 PM on class days and by appointment Class Hrs: Wed 1:30-4:20 PM on Jan 27; Feb 3, 10, 17, 24; Mar 3, 10, 24, 31; Apr 7, 14, 21, 28. Due Dates Team Case Write-up: 2/24. Final Team Project : 4/28. Indiv Take Home Final: 5/2. ____________________________________________________________ _________________ Course Overview Welcome aboard! What do leaders do? What happens inside organizations? And how do these relate to each other? In a nutshell, that’s the stuff this course is made of. Business organizations of all types face chronic management problems that pose significant challenges to them. These problems include the difficulty of designing organizations capable of coping with highly dynamic business environments, the challenge of developing strategies and structures for hypercompetitive conditions, the greater complexity of managing global enterprises, the difficult task of shaping a corporate culture, managing politics and conflict between individuals and organizational units, motivating employees who are more mobile than ever, designing attractive incentive systems, managing and harnessing intellectual capital, and so on. Such challenges and how the top leadership can deal with them are the subject of this course. The course has two major components. The first is “macro” in nature. It focuses on organizational...
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... Materialien des Wissenschafts schwerpunktes: Globalisierung der Weltwirtschaft, Bd. 28, September 2003. Bremen This article discusses the failure of Swissair by analyzing the financials of the company prior to the year 2001 when the company became grounded. It begins by giving the company’s profile and its history from establishment in 1931. The paper highlights the company’s successes and gives a table that shows the gradual increase in the number of fleet, employees, revenue, cities served, and the break-even load factor from 1931 to 2000. The paper goes ahead to explain the reasons why the company failed to consider the alliance strategy that was commonly used by similar companies as well as elaborating other principal causes of failure such as government interference and uncritical media coverage, A five year financial review of the company is provided beginning 1996 to the year 2000 showing how the operating revenue increased while the EBIT and profits decreased and finally led to losses. Mileski, J., & Nwabueze, U. (2008). The Challenge of effective governance: a case study of Swissair. Journal of Corporate Governance, 8, 5, 583-594 This article begins by giving a brief history of Swissair Company making note of its initial successes and good management practices. It then explores the best managerial practices that are crucial for the success of any business, laying emphasis on the precepts of effective corporate governance and their impact on businesses. The paper...
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...Course Chapters Review Ch. 1,2,3,5,6,7,8, 13 & 16 (Chapter 11 on Leading and Leadership Development presented on 07/03 ) • Chapter 1 Overview • Work in the new economy is increasingly knowledge based, and people, with their capacity to bring valuable intellectual capital to the workplace, are the ultimate foundation of organizational performance. Challenges of working in the new economy • Today, individual and organizational success must be forged within workplaces that are constantly reinventing themselves. • Themes such as empowerment, involvement, participation, self-management, and teamwork are common, as people manage careers described as flexible and entrepreneurial. • Definition and Role of an Organization • An organization is a collection of people working together to achieve a common purpose. • Organizations are open systems. They interact with their environments in the continual process of transforming resource inputs into product outputs in the form of finished goods and/or services • The External Environment of Organizations • The following factors impact the general or macro environment in which the organization operates. They are: o Political, Economic, o Social, Technological, o Legal and Environmental. (PESTLE) • Management must constantly monitor general environmental trends, and must be ready to make required adjustments in the ways their organization operate so as to gain COMPETITIVE ADVANTAGE • The Specific (task) Environment ...
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...you’ll have to master a number of skills. To get an entry-level position, you’ll have to be technically competent at the tasks you’re asked to perform. To advance, you’ll need to develop strong interpersonal and conceptual skills. The relative importance of different skills varies from job to job and organization to organization, but to some extent, you’ll need them all to forge a managerial career. Throughout your career, you’ll also be expected to communicate ideas clearly, use your time efficiently, and reach sound decisions. 1.1 Objectives Broad Objective: To identify the managerial skills necessary to be a successful manager. Specific Objectives: To learn about Technical Skills of a manager. To learn about Interpersonal Skills. To learn about Conceptual Skills. To learn about Diagnostic Skills. To learn about Communication Skills. 1.2 Scope This report highlighted different managerial Skills. I have included the important terms and conditions of Managerial Skills. I have tried to understand the implications of the Managerial skills necessary to be a successful manager. 8 1.3 Methodology The study is based on both secondary and primary sources. Most of the information used in this report is from secondary sources. The secondary sources which have been reviewed are: books, journals, reports, and data from various official and unofficial sources. I have also used internet sources to collect information...
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...Confederation of Indian Industries (CII), Centre for Monitoring Indian Economy (CMIE), Reserve Bank of India (RBI) and many other private organizations forecast trends as per the requirements of companies. Some of the popular forecasts are: a. Demand Forecasts b. Sales Forecasts c. Production Trends Forecasts d. Specific Industry Forecasts Apart from this general categorization, forecasts can also be company specific or problem specific, such as manpower forecasts for a particular industry, based on growth prospects. Every forecast must be preceded by authentic research, analyzing of trends, taking into consideration risk factors and even the probability of an error. What is Planning? Planning is defined as - A long look ahead, Broad look around and A searching look within The most popular definition of planning is based on answering the following six questions: 1. What is to be done? (Nature of Business) 2. Why to do it? (Objectives of Business) 3. How to do it? (Technology and Strategies to be adopted) 4. Where to do it? (Place or location) 5. Who will do it? (People) 6. When to do it? (Time Factor) The above definition signifies that ‘answer these questions and planning is complete’. Planning is imperative in an uncertain environment. These days the word ‘Strategy’ has taken the place of the word ‘ Planning’. Strategy is ‘competitive planning’ as it takes care of competitors and SWOT model, i.e. Strength – weaknesses –...
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...Why Diversity Programs Fail? By Frank Dobbin and Alexandra Kalev (2016) Harvard Business Review (July/Aug. 2016) Businesses started caring a lot more about diversity after a series of high-profile lawsuits rocked the financial industry. In the late 1990s and early 2000s, Morgan Stanley shelled out $54 million—and Smith Barney and Merrill Lynch more than $100 million each—to settle sex discrimination claims. In 2007, Morgan was back at the table, facing a new class action, which cost the company $46 million. In 2013, Bank of America Merrill Lynch settled a race discrimination suit for $160 million. Cases like these brought Merrill’s total 15-year payout to nearly half a billion dollars. It’s no wonder that Wall Street firms now require new hires...
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...Forecasting Forecasting External Auditing Labour Surplus Or Labour Deficit Action Plan Evaluation Analysing utilization • Manpower inventory • Due to pressure of reducing cost, improving quality, measuring/analyzing & improving performance, innovative job design and reward system Forecasting demand • Involves reviewing and estimating HR requirements in terms of quantity and type of employees by referring to corporate plans, forecasting output requirements and projected productivity changes. • Staffing required both for short-term and long term operational commitment. Several problem anticipated: 1. uncertainty due to pace and discontinuous nature of change; 2. volatility of industrial sector; 3. conglomerate nature of current business; 4. no clear relationship between projected increase in product demand and its implication on employment. • Techniques involved; informal conversations, formal techniques involving managerial judgements....
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...928 Office Hours: F 9:00-10:00 or by appointment Email: alles@business.rutgers.edu Phone: (973) 353 5352 COURSE OBJECTIVES In recent years my colleagues and I have noticed that when we are recruiting we come across newly minted PhD students who are usually highly technically proficient in terms of being able to run regressions, do statistical testing, solve analytic models or whatever, but they often fail to demonstrate that they have thoroughly thought about their papers—in other words, when you push them about the implicit and explicit assumptions and implications of their research models, it appears that they haven’t really given these matters much thought at all.[1] Too often they fall back on saying that they are doing what they are doing because that is the way it is done in the prior literature, which is more of an excuse than a answer. (Of course, once a researcher reaches a certain age, they all feel that youngsters aren’t as good as they were in the good old days!) Therefore, in this class we shall go beyond simply studying research in managerial accounting. For many of you, this is your first introduction to accounting research and to PhD level class. Hence, in these classes we shall also learn how to solve business problems systematically and to understand what it means to have thoroughly “thought through” a paper. We begin not with academic research, but with some real world cases, because we should never forget that ours is an applied research field:...
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...Economics Sunderland University Degree Programme RECRUITMENT, SELECTION AND DEVELOPMENT OF INDIVIDUALS AND TEAMS By: Truong Thao Nguyen (Anne) SUD-11 October, 2013 Da Nang Table of Contents Introduction 12 Scenario Analysis 13 Employee recruitment, selection and retention procedures 13 Styles and attributes needed for leadership 27 Trait theory and behavioral theory 27 Acme and Omega Case Study Application 30 The leadership and management style 31 A comparison of leadership and management style 31 The application of leadership and management style in Acme and Omega case 33 Leadership styles in different situations 35 Blake and Mouton’s managerial style 35 LPC contingency theory: different leaders for different situation 38 Situational leadership theory: leaders should adapt to situation 42 The suggestion improvement for Acme and Omega leadership styles 45 Motivation theories and the application 46 Alderfer’s ERG Theory of Motivation 46 Mcgregor’s Theory X and Theory Y 47 Expectancy Theory 49 The application of motivation theories on Acme and Omega case 52 Working effectively in a team 55 References 56 Appendix: Acme and Omega Case Study 59 Introduction The assignment focuses on the recruitment, selection and development of individuals and teams. The employee recruitment and selection practical excises is used for the objectives of the course is to develop the learner’s...
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...the basic elements are the same in all business plans. To complete an effective business plan you must dedicate time to complete the plan. It requires you to be objective, critical and focused. The finished project is an operating tool to help manage your business and enable you to achieve greater success. The plan also serves as an effective communication tool for financing proposals. At the completion of this exercise, you should be able to: Describe the importance of a business plan Identify the elements of an effective business plan Write a business plan Outline: Why Write a Business Plan? Who Should Write the Business Plan? Business Plan Components Executive Summary The Product/Service The Market The Marketing Plan The Competition Operations The Management Team Personnel Financial Data Supporting Documentation Summary Resources I. Why Write a Business Plan? Why should a business go through the trouble of constructing a business plan? There are five major reasons: The process of putting a business plan together forces the person preparing the...
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...A decision is a choice from available alternatives. is the process of identifying problems and opportunities and then resolving them. Making a decision is committing to a course of action A decision made in response to a situation that has occurred often enough to enable decision rules to be developed and applied in the future. A decision made in response to a situation that is unique, is poorly defined and largely unstructured, and has important consequences for the organization. All the information the decision maker needs is fully available. A decision had clear-cut goals and good information is available, but the future outcomes associated with each alternative are subject to chance. Information about alternatives and future event is incomplete Goals to be achieved are unclear, alternatives are difficult to define, and information is unavailable. Classical model Administrative model Political model This model is based on economic assumptions. Managers are expected to make decision that are economically sensible and in the organization‟s best economic interests Clear goals Condition of certainty Almost full information about alternatives and their outcomes Rational choice for maximum benefits This model describes how managers actually make decisions in difficult situations characterized by nonprogrammed decisions, uncertainty, and ambiguity. Bonded...
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...Jing Wu jingwu@callutheran.edu LEADERSHIP IN GLOBAL ORGANIZATIONS INTRODUCTION In Apple’s offices, where are located at Cupertino, California, IT engineers finished the design of the new iPhone. Then the project would be sent to several Japanese companies and ordered sophisticated core components, such as sensors, blue modules, and chips, for the new product. At the same time, depending on the new design, Apple’s partner at Korea also started producing components of screen and battery. After that, these components from Japan and Korea would come to the South of China. At there, each IPhone would be assembled and leave the factory, and then transported around the world. The production of iPhone will be a good example showing how the global progress connects people from all around the world. Indeed, “Globalization” is closely connected with our life, and it has changed our world from economic layout to personal life. Just like the case of IPhone, by globalization, companies can collaborate with each other and effectively organize the resource, so that the advantages can be maximized and costs can be reduced. Moreover, globalization also means more extensive market. Nowadays, we can enjoy hamburgers of McDonald’s no matter in which country we are; people also can easily find imported goods everywhere. Expanding business into foreign market has become a trend for more companies. However, global progress also brings some big challenges for us. With the collaboration of economics...
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...Cornell Hotel and Restaurant Administration Quarterly http://cqx.sagepub.com Why Restaurants Fail H. G. Parsa, John T. Self, David Njite and Tiffany King Cornell Hotel and Restaurant Administration Quarterly 2005; 46; 304 DOI: 10.1177/0010880405275598 The online version of this article can be found at: http://cqx.sagepub.com/cgi/content/abstract/46/3/304 Published by: http://www.sagepublications.com On behalf of: The Center for Hospitality Research of Cornell University Additional services and information for Cornell Hotel and Restaurant Administration Quarterly can be found at: Email Alerts: http://cqx.sagepub.com/cgi/alerts Subscriptions: http://cqx.sagepub.com/subscriptions Reprints: http://www.sagepub.com/journalsReprints.nav Permissions: http://www.sagepub.com/journalsPermissions.nav Downloaded from http://cqx.sagepub.com at Blue Mountains Hotel School on October 25, 2009 © 2005 CORNELL UNIVERSITY DOI: 10.1177/0010880405275598 Volume 46, Number 3 304-322 10.1177/0010880405275598 Why Restaurants Fail by H. G. PARSA, JOHN T. SELF DAVID NJITE, and TIFFANY KING , Past research on restaurant failures has focused mostly on quantitative factors and bankruptcy rates. This study explored restaurant ownership turnover rates using qualitative data, longitudinal data (19961999), and data from Dun and Bradstreet reports. In contrast to frequently repeated statistics, a relatively modest 26.16 percent of independent restaurants failed during the first year of...
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...mark] 19 Failure to Change 19 Evaluation of The Effort 22 Change Approach 22 Reflections of Managerial Change Strategy 23 Reference: 25 Executive Summary: Hewitt Associates was a Fortune 500 company. They tried to mix their complex business model and standards globally with the culture of their clients and staff (Hewitt Associates LLC, 2010). Human resources consulting is the core function of the corporation. Hewitt’s organization was vast in size with over a dozen departments that worked various specialties in human resources. The actuarial department regulated the financial consulting aspects in retirement plans and other benefits. Hewitt Associates tried to keep their market share as the leading provider in health care reform, retirement restructure, and executive compensation for their client's. They also provided software packages to their client’s. This was to allow clients to have less stress and frustration. Hewitt’s philosophy is to maintain solid relationships with their clients through reliability. The reliability of data kept Hewitt’s prestige and service with their clients for daily operations, (Hewitt Associates LLC, 2010). This was a reason that a department was dedicated to actuaries; they would establish criteria and project out costs for decisions on employees and their...
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...www.hbr.org Today’s central managerial challenge is to inspire and enable knowledge workers to solve, day in and day out, problems that cannot be anticipated. The Competitive Imperative of Learning by Amy C. Edmondson Included with this full-text Harvard Business Review article: 1 Article Summary The Idea in Brief—the core idea The Idea in Practice—putting the idea to work 2 The Competitive Imperative of Learning 10 Further Reading A list of related materials, with annotations to guide further exploration of the article’s ideas and applications This document is authorized for use only by Suzi Tack (ST@STRATHSPEYCROWN.COM). Copying or posting is an infringement of copyright. Please contact customerservice@harvardbusiness.org or 800-988-0886 for additional copies. Reprint R0807E The Competitive Imperative of Learning The Idea in Brief Most managers believe that relentless execution—the efficient, timely production and delivery of offerings—is vital to corporate performance. Execution-as-efficiency is important. But focusing too narrowly on it can prevent your company from adapting effectively to change. Consider General Motors: Managers’ confidence in GM’s famously efficient control systems blinded them to big shifts in the market, including customers’ preferences for fuel-efficient cars. GM posted a $38.7 billion loss in 2007. Edmondson recommends widening your lens to include execution-as-learning. Companies that use this approach focus not just on carrying...
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