...can have substantial effects on the continued success of the company, making any recommendation for change extremely daunting. Coupled with the fact that most people are change averse, no one wanted to run over the legacy systems Cisco already had in place so they just tried to continue to Band-Aid the issues with system replacements. Managers were not eager to take on this project Although it was clear by 1993 that there was a significant misalignment between the capability of the legacy UNIX-based system and the business demand based on growth, no one within the company had led an effort to replace the old system. One reason was likely due to the lack of direction for such a project, as the CIO had originally instructed each business unit to select their own application and timing of implementation. This type of decentralized decision-making was unfamiliar at Cisco, a company who thrived on standardization and centralization. As such, no one manager of a business unit was eager to be the first to go to the board for approval to invest a large amount of time and money to replace the legacy system with an application for...
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...Table of Contents 1. Understand the relationship between organizational structure and culture: 2 1.1 Compare and contrast different organizational structure and cultures: 2 1.2 Explain how the relationship between an organization’s structure and culture can impact on the performance of the business: 4 1.3 Discuss the factors which influence individual behavior at work: 4 2. Understand different approaches to management and leadership: 5 2.1 Compare the effectiveness of different leadership styles in different organizations: 5 2.2 Explain how organizational theory underpins the practice of management: 5 2.3 Evaluate the different approaches to management used by different organizations: 6 3. Understand ways of using motivational theories in organizations 7 3.1 Discuss the impact that different leadership styles may have on motivation in organizations in period of change: 7 3.2 Compare the application of different motivational theories within the workplace: 8 3.3 Evaluate the usefulness of a motivation theory for managers: 9 4. Understand mechanism for developing effective teamwork in organizations 10 4.1 Explain the nature of groups and group behavior within organizations: 10 4.2 Discuss factors that may promote or inhibit the development of effective teamwork in organizations: 10 4.3 evaluate the impact of technology on team functioning within a given organization: 11 References: 12 Introduction: Organization is the combination of people for...
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...leadership suggests that possessing certain quality’s will allow the leader to lead with authority and not just power. In this paper, we will examine servant leadership and how servant leadership is used in a business setting. We will also compare and contrast an example of servant leadership using the Maxwell leadership bible and Jim Beam Brands in Frankfort KY. Finally, we will discuss how Rick Purvis uses servant leadership in his place of employment. Now, lets get started by describing what servant leadership is. Servant leadership is described in an essay published by Robert K. Greenleaf. In his essay, Robert Greenleaf said: The servant-leader is servant first… It begins with the natural feeling that one wants to serve, to serve first. Then conscious choice brings one to aspire to lead. That person is sharply different from one who is leader first, perhaps because of the need to assuage an unusual power drive or to acquire material possessions…The leader-first and the servant-first are two extreme types. Between them there are shadings and blends that are part of the infinite variety of human nature (www.greenleaf.org, 2008). Servant Leaders are respected, listened to, and valued, even though they may not manage others (Davies, 2006). In short, servant leaders are individuals that lead by asking how they can help. They are not motivated by personal goals to gain authority. True servant leaders are motivated by a personal need to help others and create a positive...
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...Compare Chapters 2 and 5 What the Best CEOs Know Written by Jeffery A. Krames The purpose of this paper is to compare and contrast two very successful corporate leaders within the IT industry based on the book What the Best CEOs Know (Krames, 2003). Chapters two and five cover Michael Dell from Dell Computer Corp and Andy Grove from Intel Corp, respectively. We will look at five topics including their main contributions, resistance encountered, similarities, differences, and significant factors. Michael Dell knew as a young man it was critical to focus on customer needs. His concept of cutting out the “middleman” to improve information flow was genius and not common to the computer industry (Krames, p. 58). Dell’s strategy of listening, responding, and delivering on customer needs proved very successful. The CEO talked to customers as often as possible and used technology to his benefit (Krames, p. 61). The Internet was used extensively to reach customers globally for ordering, demand forecasting, and to gain product feedback. Dell’s efficient use of technology and the direct marketing model minimized overhead. The cost efficiencies gained were passed on to the consumer and helped quickly differentiate Dell from its competitors (Krames, p. 62). These concepts also helped Dell remain responsive and agile as they grew exponentially. The CEO was successful at inspiring his workforce and organizing around the customer (Krames, pp. 68-70)...
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...Compare and Contrast of Select Leadership Models Leadership comes in different forms and in different aspects of life from private business to government entities (Wren, 1995, p. 5). The models of leadership used are dependent upon the individual attributes of the leaders, for example traits, values, self-identity, skills, and competencies (Yukl, 2013, p. 136). A close look at select leadership models and how they compare and contrast with each other provides insight into the types of leadership that might be employed within organizations as they face various leadership issues and challenges. In this paper, we will review four leadership models: charismatic, servant, situational, and transformational. A separate discussion describing similarities and differences between the models as they apply. As similarities and differences are identified, we will discuss how contemporary leadership issues and challenges are addressed within the scope of each leadership model. Leadership Models Charismatic Leadership A charismatic leader has three key dimensions that Weber (1968) identified as concepts of charisma that include vision or mission, extraordinary or exceptional qualities, and recognition (as cited in Avolio and Yammarino, 2013, p. 167). Transformational leadership closely resembles charismatic leadership as both are vision related and empowering; however the main difference deals with the expectations set by the leader. Charismatic leaders typically set unrealistic expectations...
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...Compare and Contrast of Two Business Professionals Compare and Contrast of two business professional Dictionary.com defines business professionals as following an occupation as a means of livelihood or for gain. The two professional to look at are, Michael Dell and Andy Grove. Comparing people’s contribution to the information technology filed, along with identifying resistance each encountered, will help understand how they promoted their research, ideas, or programs. Noting any similarities between these two professionals will help point out their differences they may have. It will be helpful to look at their environmental, professional, and personal factors, which may have affected their success. Contributions to the field Michael Dell’s contribution to field was consistently shaping customer value. The business community defines customer value, as customer satisfaction and repeat customers. Product planning is important to the overall success of any business because it allows you to understand your customers’ needs and wants. Potential customers are just as important as current customers in any successful business in order to stay ahead of the competitive edge (Krames, A.J. 2003). Andy Grove’s contribution to the field was far different from Michael Dell’s. Grove’s contribution was to develop the outsider perspective. An outsider perspective is defined by studying your organization as a competitor and looking at your company as an outsider would. This...
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...Google, a leader in Internet information searching, is being challenged by other big names in Internet technology. Compare and contrast Google’s business model and financial management with Microsoft’s, which launched Bing. Access Google and Microsoft’s annual reports and financial statements at their Websites. In addition to the text, you may access some other sites and or sources to understand the how to analyze an income statement and a balance sheet. For example, the following sites can provide guidance: Understanding the Income Statement at: http://www.investopedia.com/articles/04/022504.asp Reading the Balance Sheet at: http://www.investopedia.com/articles/04/031004.asp However, if these sites are not available, there are other sites that can be accessed that will provide sufficient information and guidance. Write a 7-8 page paper in which you: Calculate or identify from each company’s most recent annual report the six (6) specific financial ratios listed and provide as an appendix to the paper. Liquidity measurement ratio: Current ratio Profitability indicator ratios: Return on assets Return on equity Debt ratio: Debt ratio Operating performance ratio: Fixed asset turnover ratio Cash flow indicator ratio: Dividend payout ratio Investment valuation ratio: Price / Earnings ratio (If you need help with ratios you could access Web sites that provide guidance such as: http://www.investopedia.com/university/ratios/ However, if this site is not available...
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...Leadership in today’s workplace discussed d) Leadership trends and priorities 3) Compare and contrast leadership styles a) Pros and Cons of leadership styles 4) Conclusion Introduction This paper is an attempt to briefly explore the concept of leadership and how it differs from management. Sometimes leadership and management may seem similar; they may be used interchangeably, and may even occupy the same social space in institutions and organizations; the two concepts are different in a fundamental way. Those differences will be discussed. Businesses succeed and fail on the strengths of their business models. These models are conceived and guided by leaders. Why then do some businesses fail when their business models are best conceived? Can it be traced to the changing trends in leadership or the leadership style one adopts? These questions will be discussed as well. What is Leadership? Leadership is a skill that embodies vision, inspiration, and human passion, according to Harvard professor Abraham Zaleznik. It is a critical management skill which arises out of desires – the passion and vision of the leader. Management, on the hand, is a concept that deals with process, working within a defined space. It is not out of the ordinary to have a leader who is also a manager. I will think organizations will benefit most if their managers are also leaders. For the sake of this paper, I will stick with the two concepts as separate personalities...
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...Messaging to Prepare for Future Challenges XXXXXXXX XXXXXXX MBA6006 – Leading Innovation in The Global Organization Allan Pevoto June 10, 2012 Table of Contents Page Introduction 3 Compare and Contrast 3 Effectiveness of Internal and External Messaging 4 Leaders Use of Messaging 4 Conclusion 5 References 6 Introduction This paper will touch on the many ways HCL Technologies uses messaging while fostering innovation and creativity. Nayar has taken on a different approach in the ways of leading the organization and allowing more internal input from others all while slowly being an authoritative figure himself by sharing the responsibilities. He delivers meaningful messages to the employees in new inventive ways that has the business world turned upside down. Compare and Contrast HCL Technologies recognized what areas in the business they lacked in and where they had an immediate need for improvement. Hence the reason why they allowed Axon to come in and “took charge of running many other parts of HCLT businesses”, (2010, p. 25). Nayar knew how beneficial it was to allow Axon to help fine tune HCLT’s weak points and align them to the point where Axon already had reached. Nayar knew that Axon has a stronger consulting background...
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...Grand Canyon FIN 350 All Discussions And Week 1,2,4,7 AND 8 Practice Problems IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.hwspeed.com/Grand-Canyon-FIN-350-All-Discussions-And-Week-477487833.htm?categoryId=-1 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM MOD 1 Define, in laymen's terms, the six principles of finance. Discuss how one of these six principles plays out in the real world. Provide examples, other than ones mentioned in the text, to illustrate your thoughts. Respond to classmates' posts that address principles different from the one you chose. Do you agree or disagree? Explain why or why not. MOD 1 DQ 2 Explain what banks show as liabilities and assets on their balance sheets. How do these liabilities and assets differ from the position they hold on their customers' balance sheets? Why do they differ? MOD 2 DISS 1 How does federal deficit financing influence monetary and credit conditions? MOD 2 DQ 2 Who are the major policy makers for the Federal Reserve System and how do they rise to such an influential position? How do these policymakers influence national economic objectives? Refer to Figure 5.1 on page 107 of the textbook. What part of this relationship could be influenced by the citizens of the country? Why? MOD 3 DQ 1 Describe gross domestic product (GDP), including the major components of GDP. Using that GDP foundation, explain the GDP—including...
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... 1. Google, a leader in Internet information searching, is being challenged by other big names in Internet technology. Compare and contrast Google’s business model and financial management with Microsoft’s, which launched Bing. Access Google and Microsoft’s annual reports and financial statements at their Websites. In addition to the text, you may access some other sites and or sources to understand the how to analyze an income statement and a balance sheet. For example, the following sites can provide guidance: 1. Calculate or identify from each company’s most recent annual report the six (6) specific financial ratios listed and provide as an appendix to the paper. 1. Liquidity measurement ratio: * Current ratio Google: 5.6 times Microsoft: 2.9 times 1. Profitability indicator ratios: * Return on assets Google: 15.6% Microsoft: 23.6% * Return on equity * Google: 19.5% * * Microsoft: 44.2% 1. Debt ratio: * Debt Equity ratio Google: 0.08 Microsoft: 0.2 1. Operating performance ratio: Asset turnover ratio Google: 0.6 Microsoft: 0.7 1. Cash flow indicator ratio: * Dividend payout ratio Google – Nil Microsoft- 0.64/2.69 =23.7% 1. Investment valuation ratio: * Price / Earnings ratio Google: 20.3 times Microsoft: 9.5 times 2. Compare and contrast each company’s business model: (1) core business, (2) leading products...
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...of social consciousness in action. Now my own children, bring home their school fundraisers from school and we too buy the over priced products, not because they are great products, but because it supports their school, a good cause. Today's socially conscious entrepreneurs, socialpreneurs, are elevating that door-to-door fund raising spirit into full time business. Some of their businesses are created specifically to put unemployed, disadvantaged and underemployed individuals to work. Some sell merchandise designating disadvantaged groups as beneficiaries of their profits. Others market goods to supplement the budgets of existing social service programs. Entrepreneurs are innovative, highly-motivated, and critical thinkers. When these attributes are combined with the drive to solve social problems, a Social Entrepreneur is born. Social entrepreneurs are defined by Ashoka those who “act as the change agents for society, seizing opportunities others miss and improving systems, inventing new approaches, and creating solutions to change society for the better. While a business entrepreneur might create entirely new industries, a social entrepreneur comes up with new solutions to social problems and then implements them on a large scale.” The positive effect of Social entrepreneurship signals the imperative to drive social change, and it is that potential payoff, with its lasting,...
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... Contemporary Business/BUS 508 Strayer University January 24, 2011 1) Compare and contrast the two businesses—core business, their size, financials, global presence, use of e-business (marketing, sales, etc.). A diversified company is one that has multiple, unrelated businesses. Unrelated businesses are those, which (1) require unique management expertise, (2) have different end customers and (3) produce different products or provide different services. One of the benefits of being a diversified company is that it buffers a company from dramatic fluctuations in any one-industry sector. However, this model is also less likely to enable stockholders to realize significant gains or losses because it is not singularly focused on one business. Investopedia (2011) states that companies may become diversified by entering into new businesses on its own, by merging with another company or by acquiring a company operating in another field or service sector. One of the challenges facing diversified companies is the need to maintain a strong strategic focus to produce solid financial returns for shareholders instead of diluting corporate value through ill-conceived acquisitions or expansions. Wal-Mart and Kmart; along with Target are the three primary retail giants in the United States. This paper will compare and contrast Wal-Mart and Kmart...
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... BUS 508: Contemporary Business Dr. Micky Mouse Assignment2: Diversification Strategies Submitted by Minnie Mouse Research two corporations that have had different outcomes (one successful and one unsuccessful) with their diversification strategies. Compare and contrast each corporation’s diversification strategy and evaluate the reasons for each one’s success or failure in the venture. Compare and contrast the two businesses—core business, their size, financials, global presence, use of e-business (marketing, sales, etc.). A great example of companies that utilized completely opposite paths in the business world is Wal-Mart and Kmart. Recently, Kmart is on an endless downhill spiral while Wal-Mart has risen to the top of the retail industry and is their financial strength is strong. Wal-Mart is the largest business enterprise in the world as well as the nation’s biggest employer and the number one retailer in the U.S. There are over 5000 Wal-Mart stores and they report sales over three-hundred billion dollars. Two million people are employed by Wal-Mart in twenty-eight countries in the world. Fortune magazine’s 2010 Most Admired Companies Survey ranks Wal-Mart among the top ten retailers. Kmart is now the #3 discount retailer behind Wal-Mart and Target. There are 1,300 Kmart stores located in 49 US States as well as Puerto Rico, Guam, and the US Virgin Islands. Compare and contrast their outcomes (one successful...
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...GRADUATE BUSINESS SCHOOL FACULTY OF BUSINESS MANAGEMENT MGT 790 STRATEGIC MANAGEMENT Course Outline 2011 Course Prescription Strategic Management is the process and practice of managerial decision making and implementation that seeks to create and maintain competitive advantage. In essence it determines the long term performance of a business and as such is the role of the senior executive members to refine but the responsibility of all to roll out. Included in the process is comprehensive environmental scanning, strategy formulation (strategic planning), strategy implementation, and monitoring. Students in this course will review how the strategic decision makers within an organisation first identify, define and analyse commercial problems and then develop practical and ethical solutions. It provides a practical guide for, and an initial experience in, strategy formulation and strategic management. Class time will be largely spent in lecture, discussion, case studies and experiential exercises. Students will learn from the theoretical literature, instructor, case studies, videos, research presentations, and from each other. The course materials explain and describe the different aspects, challenges, and stages of strategic management simply and clearly. Goals of the Course To examine and understand the nature and role of strategy, strategic management and strategic leadership within an organization. Learning Outcomes 1. To develop skills...
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