...Understanding Microeconomics can make or break any business’ attempt to be successful. The first best practice that would benefit a small business would be to have a firm understanding of the business that they were in. The major part of this practice would include studying the economy and knowing what the demand is for your business. During the recent recession, many consumers were conscience on the type of things they spent their money on. As a small business owner you have to know if you’re good or service is something that the consumer must have rather than a luxury that many can’t afford at this time. The second best practice for a small business would be developing a strong target market. It’s it important to identify what type of consumer would most benefit or use your product or service the most and develop a marketing strategy to attract their attention. A third best practice would be to know what your competitor or doing both successfully and unsuccessfully and use that information to improve upon the things you're already doing to make your business even more lucrative and consumer friendly. Micro-faire would be the name of my economic system. Its name derives from minimal interference from the government in certain situations, mixed with the laissez-faire approach. The government would be responsible for things such as education, transportation, and health care. Laissez-faire is defined as one of the guiding principles of capitalism, this doctrine claims that an economic...
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...utilisateur. Best practices à adopter pour le site web Tout L’Or du Sud. 1 1 DO: Choisir les bonnes polices et taille de police Best practices: * utilisez une police principale pour le contenu et toujours garder la même sur tout le site. * Ne pas écrire de contenu en lettre capitale. * Seuls les titres peuvent être de police ou de taille différente DONT: Avoir 5 polices différentes dans des tailles différentes Les polices ne sont pas harmonisées sur tout le site. Les titres, contenu, lien de navigation et de menu sont différents. La police, sa taille et sa couleur sont importantes dans la clarté d’un site. Example of don’t : 2 2 DO: Choisir la bonne charte de couleur Les couleurs font partie de l’expérience de l’utilisateur. Elles sont associées à des valeurs et à des émotions. Les couleurs de votre site web doivent être en concordance avec l’expérience que vous voulez provoquer chez votre utilisateur. Ils doivent ressentir les valeurs que vous portez. Exemple : DONT: Trop en faire avec trop de couleurs différentes Avoir trop de couleur différente sur un site web fatigue l’œil de l’utilisateur et le perds. Son attention va être trop sollicitée par les différents changements de couleur ce qui provoquera sa saturation. Il en ressortira un manque de clarté de votre site. Il ne faut pas dépasser plus de 4 couleurs et garder logique dans l’utilisation de celles-ci. La couleur doit avoir un objectif : faire ressortir les informations importantes...
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...Case Study 2 – Does This Milkshake Taste Funny? Clinton E Harris Texas A&M University – Commerce February 15, 2014 Introduction George Stein is a college student hired by Eastern Diary. Without any training, George was immediately assigned to the night shift who operated without supervision. The night shift was led by another laborer named Paul Burnham who was given the production orders by the plant supervisor as he was leaving for the day. The night crew was given two objectives, to complete the assigned production runs and clean the machinery before the night shift was over. Stein’s dilemma began when contaminated milkshake mix was clogging the filtration system of the equipment. Burnham instructed Stein, after several attempts to clear the clogging, to remove the filters altogether to ensure the batch completed before the end of the shift. Removal of the filters meant that the maggots that were contaminating the mix would be allowed to flow into the customer’s end product. There are several key management deficiencies that led to the dilemma faced by Stein and the night crew. First, Burnham’s decision making process and the lack of quality standards are indications that the company’s cultural climate is not focused on producing a quality dairy product. Second, the absence of a formal leadership structure allowed a young crew of unsupervised workers to waste company time and resources which resulted in a poor decision to meet the expectation of completing the...
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...The role of senior nurses is dynamic and multifaceted. Nurse leaders in practice settings have unique opportunities to influence and even create the environment in which professional nursing practice can flourish. Marriner-Tomey (1993) suggested that, in this highly influential role, nurse leaders have a major responsibility to change behaviour to provide an environment that supports the preparation of competent and expert practitioners. It is part of nurse leaders’ role to serve as a model in providing effective socialisation experiences that impart the appropriate values, beliefs, behaviours and skills to staff. In the nursing profession, a nurse manager's personal style of leadership impacts multiple aspects of a healthcare facility's operations and can have far-reaching implications. This piece will define and discuss several different styles of nursing leadership. First and foremost, the autocratic style of leadership typically involves a leader or nurse manager who makes all pertinent decisions, gives specific orders, and issues directives to subordinate employees who must obey under watchful supervision. Sorensen et al (2008) advocate autocratic leaders strongly discourage workers from questioning the validity of any directives. Constable and Russell (1986) showed that the autocratic style of leadership is appropriate for workplaces such as jails, prisons, the military, and highly structured settings with routinized operations because, in these places, the lives of masses...
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...journalist at The New Yorker published the book, How Markets Fail: The Logic of Economic Calamities. In How Markets Fail, John Cassidy describes what he calls utopian economics and how the utopian thinking has led to economic crisis such as job losses, bank bailouts, and corporate greed. Cassidy attempts to convince that utopian economics does not capture the true behaviors of humanity collectively leading to unanticipated and adverse economic outcomes. He presents the history of economics and contrasts the idea of utopian economics with reality based economics. Reality based economics encompass people’s behaviors and thinking identifying irrational self-interests (Cassidy, 9). Cassidy then explains in detail how economic theory and practice influenced the “Great Crunch” (i.e. collapse in sub-prime mortgage lending during last decade). The timeliness of Cassidy’s publication of a book to address how markets fail is certainly ideal in light of the recent crash in sub-prime mortgages. The financial impact of this economic crisis continues to dictate the pace of the current economy. Not only is the topic stimulating to a graduate MBA student, but has value to inform and enlighten individuals in all disciplines. Cassidy uses the history of economics over the last few decades to demonstrate that his idea of utopian economics versus reality based economics is not new, but has been forgotten and/or consciously overlooked in the interest of other gains causing historical cycles...
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...into two broad categories: Socially oriented (leadership style focusing on the emotional and social well being of the group) and Task oriented (leadership style focusing on the achievement of the target goal). These two categories further project three leadership styles which are: Autocratic (the leader controlling the decision-making process single handedly), democratic (the leader encourages and motivates all group members to involve in the decision-making process), and finally the laissez-faire leader (the leader who lets the group members work in any way they desire and takes no responsibility for the group). Research Question The purpose of this research is to identify which of the three leadership styles (autocratic, democratic, and laissez-faire) is most effective. Methodology & Participants The method of collecting the information I chose ranges from academic journals, books, online publications, to student interviews along with my personal experiences. As the information collected is not primarily through direct observation, the participants of this research cannot be conclusively classified into a specific group....
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...Antitrust Claims Antitrust represents an uneasy compromise between laissez faire and interventionist visions of public policy. It recognizes the need for governmental involvement in the economy beyond the protection of property rights; yet it rejects overt control of market outcomes. The appropriate degree of governmental involvement for antitrust policy remains a contentious issue. Laissez faire and interventionist economic theories have competed for influence in antitrust decision making ever since the enactment of the Sherman Act of 1890. Antitrust laws were adopted by Congress to outlaw or restrict business practices considered to be monopolizing or which restrain interstate commerce. The Sherman Antitrust Act of 1890 declared every contract, combination or conspiracy in restraint of trade or commerce between states of foreign countries to be illegal. Clayton Antitrust Act of 1914, was amended by the Robinson-Patman Act of 1936, prohibits discrimination among customers through pricing and disallows mergers, acquisitions or takeovers of one firm by another if the effect will substantially lessen competition. The Antitrust Division of the United States Department of Justice enforces for the federal government, but private lawsuits to halt antitrust activities have become popular, particularly since attorneys fees are awarded to the winning party. This act is seen to be a legal specialty that has kept a few industries honest. The world’s largest media company and Microsoft...
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...October 2004 UMI Number: 3147190 UMI Microform 3147190 Copyright 2005 by ProQuest Information and Learning Company. All rights reserved. This microform edition is protected against unauthorized copying under Title 17, United States Code. ProQuest Information and Learning Company 300 North Zeeb Road P.O. Box 1346 Ann Arbor, MI 48106-1346 © James Long, 2004 Abstract Within the healthcare industry, there is an issue of major significance that may result in inadequate levels of staffing to meet patient demand. It has been estimated that at the current rate, hospitals will be forced to function with a nursing vacancy rate of 20 % in the not-toodistant future. The purpose of this study is to determine the effect that leadership style has on the job satisfaction level of nurses. It has been indicated that job satisfaction levels negatively correlate with employee attrition rates (Vandenberghe, Stordeur, & D'hoore, 2002). Using the Multifactor Leadership Questionnaire (MLQ) 5X Short (revised) and the Abridged Job Descriptive Index/Abridged Job in General (AJDI/AJIG) psychometric assessments, nurses job satisfaction levels were compared to the leadership classification of their immediate supervisors. The data collected from the sample indicated that nurses working for transformational leaders had the highest level of satisfaction. Nurses working for laissez-faire managers had the lowest level of satisfaction. Additionally, it was discovered that the two...
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...Angelo Mozilo, founder and Chairman of Countrywide Financial Corporation, the driving force behind the company’s zeal to become the largest real estate mortgage originator in the United States. The same zeal leads to the company’s collapse and led to an extraordinary collapse of the US housing market. Mozilo and partner, David Loeb, founded Countrywide in 1969 in New York with the strategic intent of creating a nationwide mortgage-lending firm. The company opened a retail branch in California in 1974 and, by 1980, had 40 offices in eight states. In 1981, the pair launched a securities subsidiary, which would, specialized in the sale of mortgage-backed securities (MBSs). By 1985, Countrywide’s annual loan productions topped d $1 billion. This all took place on the backs of a booming U.S. housing market bubble which began in 1994 and ended in 2006. By the time of David Loeb’s death in 2003, the company’s annual mortgage originations reached to more than 2.5 million. The company’s financial services division originated more than 2.2 million loans totaling $408 billion by 2006. By 2007, the company had 661 branches in 48 states. Bank of America purchased the company in July of 2008 in a $4 billion all-stock transaction. How It All Started Because we live in a capitalist society, money is the driving force behind all of our daily living activities. Without money, it would be difficult to purchase much needed necessities such as food and clothes. One of the main necessities...
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...Leadership is essential to the success of every organization. Organizations “seek those with leadership ability because they believe they bring special assets to their organizations, and ultimately, improve the bottom line.” (Northouse, 2012, p. 1) Arguably, there is no place where leadership is more important than in educational institutions. Principals have been and will continue to be the primary leaders in K-12 schools well into the 21st century. Their thoughts, behaviors, actions, and decisions effect school culture, staff and student achievement, and overall school accomplishment. They practice a variety of leadership styles, including transformational, transactional, democratic, autocratic, laissez-faire, and situational leadership....
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...Better Leadership—Brilliance Through Balance Lucretia Kelly Mary Meadows, Adjunct Instructor BUS274; ASB951 July 25, 2011 “I wholeheartedly believe that everything rises and falls on leadership. By that I mean that, more than anything else, the leadership of any group or organization will determine its success or failure.” Dr. John C. Maxwell, The Maxwell Leadership Bible Leadership is a process of getting things done through people. Leadership is essentially related to a person’s skills, abilities and degree of influence. A person who is in the formal role of a leader may not possess leadership skills nor be capable of leading. A good deal of leadership can come from people who are not formal leaders. Leading is the result of using one’s role and leadership ability to influence others in some way. True leaders may not necessarily be bosses or commanders; and instead of power, their true leadership comes from influence, congruence and integrity. Successful leaders are committed to creating a world to which people want to belong. Successful leadership involves managing relationships and communicating within a team to move towards a specific goal. Leadership is the ability to express a vision, influence others to achieve results, encourage team cooperation, and be an example. Leadership is not just for people at the top. Everyone can learn to lead by discovering the power that lies within each one of us to make a difference and being prepared when the call to...
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...Assignment Task 1 1.1 Management is a fragmented and interdisciplinary area of study, with a lot of academic branches. Willman argues this tree is narrower at its roots, and these roots lie primarily in social science. Key to the purpose of the book is to present management theory as applied social science. (Paul Willman, 4 Nov 2014) The organization and coordination of the activities of a business in order to achieve defined objectives. Management is often included as a factor of production along withmachines, materials, and money. According to the management guru Peter Drucker (1909-2005), the basic task of management includes both marketing and innovation. Practice of modern management originates from the 16th century study of low-efficiency and failures of certain enterprises, conducted by the English statesman Sir Thomas More (1478-1535). The directors and managers who have the power and responsibility to make decisions and oversee an enterprise.The size of management can range from one person in a small organization to hundreds or thousands of managers in multinational companies. In large organizations, the board of directorsdefines the policy which is then carried out by the chief executive officer, or CEO. Some people agree that in order to evaluate a company's current and future worth, the most important factors are the quality and experience of the managers. Manager’s roles and skills Manager is responsible for planning and directing the work of group of individuals...
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...Australas Med J. 2012; 5(1): 1–7. Published online 2012 Jan 31. doi: 10.4066/AMJ.2011892 PMCID: PMC3413924 The relationship between managers' leadership styles and emergency medical technicians' job satisfaction Azimeh Ghorbanian,1 Mohammadkarim Bahadori,2* and Mostafa Nejati3 1. School of Management and Medical Information Sciences, Shiraz University of Medical Sciences, Shiraz, Iran 2. Health Management Research Centre, Baqiyatallah University of Medical Sciences, Tehran, Iran 3. School of Management, Universiti Sains Malaysia (USM), Malaysia Corresponding Author: Mohammadkarim Bahadori Health Management Research Centre, Baqiyatallah University of medical Sciences Tehran Iran Email: moc.liamg@htlaehirodahab Author information ► Copyright and License information ► Copyright © Australasian Medical Journal This article has been cited by other articles in PMC. Go to: ------------------------------------------------- Abstract Background/Aims Leadership plays a crucial role in many professions, especially in challenging positions such as emergency medical service jobs. The purpose of this study was to explore the relationship between managers' leadership styles and emergency medical technicians' job satisfaction. Method This is a descriptive and cross-sectional study that was carried out in 2010. The research population included 21 managers and 87 emergency medical technicians working in 23 stations in Isfahan city, Iran. The main tools used for data accumulation...
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...Management and Leadership Larry E. Baumann MGT 330 December 8, 2010 Ben Douglas Management and Leadership Introduction Management and leadership will be differentiated in this paper and the roles, responsibilities of leaders play in creating, and maintaining an organizational culture will be discussed and an evaluation of the affect of globalization and management across borders. Moreover, strategies that managers and leaders can utilize are examined. Management and Leadership Management and leadership are interchangeable functions but are not the same, are uniquely different. Managers and leaders must be able to differentiate between the two and have the ability to determine which function is considered necessary. Effort must be taken not to spate the two, as it often is problematic. However, much time is spent delineating the differences. Basically, the manager’s job is to plan, organize, and coordinate. The leader’s job is to inspire and motivate. Warren Bennis listed the differences in his 1989 book “On Becoming a Leader” [ (Bennis, On Becoming a Leader, 1989) ]. The manager administers; the leader innovates. Leaders are often visionaries and see the big picture while it is the role of the manager’s role to utilize the tools necessary to achieve the leader’s innovation. The manager is a copy but the leader is an original. Managers often do not originate new ideas but ensure a successful outcome. Thus, the manager maintains and the leader develops...
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...Introduction In the age of information and ever-changing business environment business leaders are expected to progress as the pace of change accelerates. Development and success rests upon the leader’s competence to fashion intelligent strategy and influence people to accomplish organizational goals. Emerging views over the past decade has made tremendous progress in uncovering some of the enduring mysteries associated with leadership (Avolio, Walumbwa & Weber, 2009). Understanding these different frameworks and their impact on leadership styles are examined in this paper as it relates to international business. Adaptive Structuration Theory E-leadership is a relatively new leadership paradigm bases on the Adaptive Structuration Theory defined as a social influence process mediated by Advanced Information Technology (AIT) to produce a change in attitudes, feelings, thinking, behavior, and/or performance with individuals, groups, and/or organizations (Avolio, Kahai & Dodge, 2000). As leader and follower dynamics continue to be changed by processes effected by the rapid growth in technology, increasing global reach and the emergence of new marketplaces, E-leaders should think carefully about three key categories of behaviors that are most likely to enhance a virtual team’s ability to function effectively: virtual collaborative skills, virtual socialization skills, and virtual communication (Avolio & Kahai, 2003). Significant adaptation on the part of the leadership can...
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