...success of the program. Those factors were finding the right mentor, Aligning instructional-support efforts and Partnering with principals. The first factor is finding the right mentor. Barlin points out that first and for most a good mentor has to first be good and effective teacher. The problem is that many schools and distracts are not equip or have the proper structure to asses who is highly effective or strong in student outcome. In those schools that can the problem them becomes willingness to pull that teacher out of the classroom to mentor. Aligning instructional-support efforts is the next key factor in a successful program. Barlin makes a connection with aligning instructional support with that of a communal tree. Everyone want to water it, in hopes to see it thrive but if there is not proper coordination then the tree will drown. Here the new teacher is the tree and the those willing to help water the tree are the literacy and math coaches, university supervisors, data specialists, special education counselors, technology coordinators, different frameworks and policies. The mentor and distract frameworks are there to support and coordinate all that want to water the tree so that the tree does not drown. Lastly, a program needs to partner with the principal in order to work. Barlin points out in the article,, that the job of the principal is evolving and demanding, often at times coming without...
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...effective leaders as well as their behaviors. Principle 1. Leadership for change is most effective when carried out by a small group of educators with the principal functioning as a strong cohesive force. Principal plus a strong leadership team operate as key players and working with a dedicated group of classroom teachers because teachers must be involved in day-to-day decisions that affect their day-to-day lives (Marzano, R. J., 2003). For example in creating a guaranteed and viable curriculum, it is important that the principal assumes the role of visible head of this reform effort with the ability to mentor and guide direction for a leadership team and all teachers. Time is a factor that yields success when information is shared in a routine and timely manner. Even though obstacles may arise, the principal can offer adequate information in time for planning the curriculum teachers are responsible for, such as assessments and activities for higher order thinking from students. Effective leadership is present when teachers know the principal is time conscious of what improvements are needed in the months to come and shares this in a collegial manner. With artifacts from the school year such as student reports, test reports, and other forms of reflection on components of the educational program, the principal can be conceptual in sharing information and evidence, leading the team and teachers to relevant changes for improvement ahead of a...
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...born in the religious house hold it was God first and then your parents. For those of us who grew up without knowing God it was our parents. Our first teacher and leader. We learned to function as a family unit when your parents instructed you to learn how to cook and clean. These actions allow for the parents to be freed to do other task. Performing these tasks showed us how to follow leadership and by performing these task lightened to load for our first leader – our parents. This is the same principal that applies now as adults. We learn to perform task at our jobs, this is to uplift the company and the reward for us is a pay check weekly, monthly, or biweekly. This should be the same attitude we present as Christians. If we believe that we are all one body in Christ we should be able to do anything we can to glorify Christ. Assisting our leadership is no different. If we believe that God has placed us in a church where there is leadership that follow God’s principals we should understand that anything that is asked of us as members comes straight from God and is utilized to edify the body of Christ. Sometimes we get stuck in our own way of thinking – the world’s way. But if we look at it in a biblical since we should understand that the things that we do for Christ will last. Cleaning the church, beautifying the church, are a couple things that bring God glory. The church leadership is unable to do it alone. We as members and leaders should always try and find...
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...road more than half the year. He often does not come home for more than a few days at a time. Over the course of his 17 years of employment with Software Inc., Coleman has had several stretches on the road that last three months or more. During a sales trip to Smalltown, Colorado in March 2008, Coleman found it necessary to wash his laundry. He also wanted to buy an anniversary present for his wife. Coleman went to the mall to buy the present. While at the mall, Coleman saw a ring that he really liked but could not afford. He decided to steal it. He then went to Jimmy’s Poor-Man’s Bar to meet with a client, John. Jimmy’s wasn’t a client of Coleman’s, but John didn’t like his customers to see him “doing business.” Coleman was talking with Jimmy about business when he spilled his drink all over the bar. That made him think about this cool trick where you put pure grain alcohol in your mouth, blow it out and light it. Coleman took a big drink, took out his lighter, and said, “What this!” He lit his lighter, blew the liquid and a fireball went through the room. The fireball hit Jimmy and killed him instantly. The bar also sustained a lot of damage. Software Inc. fired Coleman without even interviewing him to get his version of the events. Software Inc.’s handbook required all employees to be interviewed before termination. A week later, Coleman called John to make amends. When they met, Coleman said, "The company and I are so sorry about what happened. Let me take...
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...The Relationship between Principals and Agents in Business BUS311: Business Law I (BNJ1151A) Prof. Samantha Hodapp January 30, 2012 The Relationship between Principals and Agents in Business The relationship between a prinicipal and agent in business can and have been great; benefitting both parties involved while providing the best services or products to the consumer. Many businesses, or prinicipals, use an agent, such as an employee or sales representative, to represent the business when dealing with third-parties, also know as the consumer or client. For the sake of this writing this relationship will be based on the principal (A.O.I.), special agent(s) (sales representatives) and third-parties (clients). A special agent is a person delegated to act only in a particular transaction, under definite instructions, and with specific limits on the scope of his or her authority. (Liuzzo, 2009, pg. 259) An example in this case would be a sales representative who has authority to negotiate the price of a sale to a limit predetermined by the principal. Another example of prinicipal and agent relationships is GNC who argued that the conduct of McCreadies was sufficient to represent they had authority to enter a binding agreement on behalf of O2. McCreadies was hired by O2 to negotiate the terms of the contract and GPN argued that agents are commonly used to negotiate and enter into contracts and that O2 had at no time informed them of any restrictions of McCreadies’ authority...
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...performance, the prize to be awarded is not set in advance but is a function of the rm's success: the prize is high if the rm is successful and low if it is not successful. Relying on a simple model of cost minimization, we are able to show that premium incentives outperform xed-prize tournaments as well as piece rates. Our theoretical result is qualitatively con rmed by a controlled laboratory experiment and has important practical implications for the design of organizational incentive systems. JEL Classi cation: C72, C91, J33 Keywords: Tournaments, Incentives, Economic experiments Max Planck Institute for Economics, Kahlaische Strasse 10, 07745 Jena, Germany. yEberhard Karls Universitat Tubingen, Faculty of Economics and Business Administration, Nauklerstrasse 47, 72074 Tubingen, Germany. zThe Hebrew University, Center for the Study of Rationality, Giv'at Ram, Jerusalem 91904, Israel. 1 1 Introduction and Motivation As documented by Orrison et al. (2004) or Bothner et al. (2007), tournament incentives have developed into an increasingly important component of compensation systems; they are `pervasive in organizations' (Casas-Arce and Martnez-Jerez, 2009). Unlike piece rates, which are awarded according to absolute performance, tournament incentives are awarded...
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...Click here for the steps to follow Application for Selection Certificate Principal Applicant – Spouse or de facto spouse INSTRUCTIONS How to complete this form Answer all questions accurately. If you run out of space, please finish your answer on a separate sheet marked with the number of the section of the form to which it refers. Who is required to fill out this form? The principal applicant and the accompanying spouse or de facto spouse, if any, who are applying under one of the following subclasses (definitions on page 2): • skilled worker; • self-employed worker or entrepreneur; • foreign national in a particularly distressful situation, within the meaning of section 18c of the Regulation respecting the selection of foreign nationals: this subclass does not include refugees, persons in a similar situation, nor protected persons. Dependent children accompanying you who are aged 22 or older or who are married or de facto spouses must complete the form Application for Selection Certificate – Dependent child aged 22 or older or who is married or a de facto spouse (definitions on page 2). A child who is not a dependent must fill out this form as a principal applicant. Appendices, supporting documents and place of application submission You must send this form, along with the appendices and the necessary supporting documents to the immigration office responsible for files originating in your country. Closely examine the list of documents to append to your application for...
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...(2002) noted, “One of the National Association of Elementary School Principals' six standards for what principals should know and be able to do calls on principals to put student and adult learning at the center of their leadership and to serve as the lead learner (2001)” (para. 17). If this premise is true, then it is safe to suggest that this situation is a learning opportunity for the entire community to understand who is in charge of the building. Alienating staff simply because of their experience within a particular building with complete disregard for their skill or knowledge level is destructive to morale and puts all the perceived power in the wrong hands. Of course Mr. Carroll might want to be conscious of Mrs. Douglas’s concerns, but that meeting should be centered around him telling her Mrs. Farmington is being appointed to run the Wordsmith competition. If the faculty decides who should do what and when and can keep others from participating at will, then the point of having a lead learner or leader in place at all becomes meaningless. Principal Carroll has to demonstrate his leadership by understanding he has to lead the entire school community and not just a select few. In every situation the right people with the right experience, attitude, and skill level have to be put into place so the school can thrive at maximum potential. The veteran teachers have to learn to be welcoming and Principal Carroll has to send the message that’s the expectation and his demand...
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...1 Introduction Here you can write the assignment. You can also present yourselves. If there are certain remarks to make you can put them here. 2 Structure of the report Here you describe the structure of the report. Also you can explain the way of working, the approach to deal with the assignment and you're research. By describing this all coming chapters are not falling out of the air. 3 Research on RIA's? Here you present your research undertaken on the internet. If you want to put additional information in some appendices that's fine. Again: It is important if you state your ideas or findings to give some "evidence" by referring to internet or pages in a book (do not forget to mention the book). 3.1 Definition of a RIA 3.2 Technologies in the 3.3 Our choices 4 Site objectives What do we want to reach with this application (or website); What do we want to support and why? Where are the opportunities to persue? It is important to make clear what the investor wants to achieve with the site (or application). End this chapter with a summarization (requirements) and draw conclusions. 5 Environment analysis Which sites (applications) did you investigate (and why these?). What did we investigate? What were the examples or parts we liked (give proof to us)? What were the examples or parts we did not like? End this chapter with a summarization (requirements) and draw conclusions. You can give proof of statements you make...
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...Business Law I MGMT235-1401A-05 January 15, 2014 For this discussion board post we are to discuss the topics of Agency Law and the different principals and ideas that go along with it. There are three types of principles that exist; they are disclosed, undisclosed, and partially disclosed principals. A disclosed principle refers to when there is a 3rd party involved. The person/people are not hidden by the company to the person or persons that they are working with. For example, Let’s say you have a bill and you have not paid it, the company that you had the bill will originally may turn your account over to another collection agency and they would in turn contact you and let you know that your account has been turned over to their company to collect the debt on behalf of the original company. When it comes to an undisclosed principle, it’s just that, not disclosed, no information is given on that agent. They still are working either on their own behalf or through a company and do not want their information public. For example, if I was under an undisclosed principle I would not go into a meeting and say, “I am here on behalf of Yellowstone National Park”. This information would not be given out. For a partially disclosed principle, at the time of the deal, the person may know that the other person he is dealing with is portraying themselves as an Agent but does not know who the main source or principal is. For example, if I am speaking on behalf of a national park...
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...1 Introduction Marc MENOU Juillet 2007 M. MENOU / COURS D’ECONOMIE 1 TABLE DES MATIERES 11 L'économie est une science fondamentale _________________________________________________ 4 111 Une préoccupation pratique essentielle ________________________________________________ 4 112 Une problématique théorique fondamentale ____________________________________________ 5 12 L'économie est mal acceptée et mal connue ________________________________________________ 7 121 La science économique est critiquée __________________________________________________ 7 122 La science économique est refusée __________________________________________________ 10 123 La science économique est mal connue _______________________________________________ 13 1231 Des apparences superficielles ______________________________________ 14 1232 Méconnaissance de l'économique ________________________________________________ 16 1233 L'erreur humaine _____________________________________________________________ 20 13 L’explication de ce paradoxe __________________________________________________________ 22 131 Le réel ________________________________________________________________________ 22 1311 La définition du réel __________________________________________________________ 23 1312 L'existence du réel____________________________________________________________ 24 1313 La création et l’évolution du réel ________________________________________________ 24 1314 Les caractéristiques du réel _____________________________________________________...
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... 130134 ***Illustrate the main sources of agency costs in family firms and their possible remedies. “Family involvement in a business has the potential to both increase and decrease financial performance due to agency costs” “An agency cost is a type of an internal cost that arises from, or must be paid to, an agent acting on behalf of a principal. Agency costs arise because of core problems such as conflicts of interest between shareholders and management. Shareholders wish for management to run the company in a way that increases shareholder value. But management may wish to grow the company in ways that maximize their personal power and wealth that may not be in the best interests of shareholders.” “Some common examples of the principal-agent relationship include: management (agent) and shareholders (principal), or politicians (agent) and voters (principal). Agency costs are inevitable within an organization whenever the principals are not completely in charge; the costs can usually be best spent on providing proper material incentives (such as performance bonuses and stock options) and moral incentives for agents to properly execute their duties, thereby aligning the interests of principals (owners) and agents.” Family firms lose its focus and initially its strategies during the transition period. These firms would be performing perfectly in sync with utmost respect for each other but when...
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...Chapter 1: Exercises 2, 3, and 6 2. Explain several dimensions of the shareholder-principal conflict with manager-agents known as the principal-agent problem. To mitigate agency problems between senior executives and shareholders, should the compensation committee of the board devote more to executive salary and bonus (cash compensation) or more to long-term incentives? Why? What role does each type of pay play in motivating managers? The dimensions of the principal agent problem are: Principals lack of knowledge, skill, and time than agent. The objective for principal and agent is difficult to align. Normally agent is looking for present value; principal is looking for long term return. Compensations committee should design a salary or bonus formula that can satisfy agent’s expectation. For example, if any investment decreases the present value but increase the long term value that should be considered to manager’s contribution and be reward in a monetary way. Therefore, manager would not radically to seek present value. The salary plays a role of manager’s daily work. The bonus plays a role of manager’s operation performance. Bonus should motivate manager’s decision for long term and short term consideration. 3. Corporate profitability declined by 20 percent from 2008 to 2009. What performance percentage would you use to trigger executive bonuses for that year? Why? What issues would arise with hiring and retaining the best managers? If the corporate profitability...
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... economic and finance sphere. The theory raises a problem of agency relationship, in which, cooperating parties- principal and agent, have different goals and division of work. Agency theory arises two problems: the difficulty of verifying what the agent is actually doing, and the conflict between goals and desires of the principal and agent (Eisenhardt, 1989). Agency theory is based on two different approaches: positivist agency theory and the principal-agent research. The first one describes the governance mechanism that limits the selfish behavior of the agent. Positivist agency theory identifies two propositions including governance system. If the contract between the principal and the agent is based on outcomes, there is a high probability that the agent will act in the interest of the principal. In addition if the principal has information to verify behavior of the agent, then the agent will act in the interest of the principal. The second one, principal-agent stream, contains more testable implications than the positivist theory. There are several things like goal conflict, easily measurable outcome, and the assumption that the agent is more risk averse than the principal, that are assumed in principal-agent research. The main difference between these two theories is that the positivist agency theory identifies certain contract alternatives and principal-agent theory indicates which contracts are the most efficient. In order to take a closer look at the concept of agency...
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...Agency costs in corporate governance The information asymmetry that exists between shareholders and the Chief Executive Officer is generally considered to be a classic example of a principal–agent problem. The agent (the manager) is working on behalf of the principal (the shareholders), who does not observe the actions, or many of the actions, or is not aware of the repercussions of many of the actions of the agent. Most importantly, even if there was no asymmetric information, the design of the manager's contract would be crucial in order to maintain the relationship between their actions and the interests of shareholders. Information asymmetry contributes to moral hazard and adverse selection problems. Agency costs mainly arise due to contracting costs and the divergence of control, separation of ownership and control and the different objectives (rather than shareholder maximization) the managers. Professor Michael Jensen of the Harvard Business School and the late Professor William Meckling of the Simon School of Business, University of Rochester wrote an influential paper in 1976 titled "Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure".[3] Professor Jensen also wrote an important paper with Eugene Fama of University of Chicago titled "Agency Problems and Residual Claims".[4] There are various actors in the field and various objectives that can incur costly correctional behaviour. The various actors are mentioned and their objectives...
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