...Gordon Gekko demonstrates leadership characteristics that are charismatic, confident, enthusiastic, tactful, bearing, and decisive. His leadership emerged when he demonstrated the ability to make solid decision rather quickly. Gordon Gekko said “the most valuable commodity is information” (Pressman & Stone, 1987). He used his analytical skills to evaluate the trends of struggling organizations and used that information to make risky and mostly successful decisions. His leadership also emerged when he began to use his power to have such a strong influence over Bud Fox to get the results he wanted. Mr. Gekko was able to communicate with people in a direct and effective manner. He was able to conduct and control his manners and his emotions up until the end. His appearance, his posture, and his mannerism reflected self-confidence and self-control. Beyond ordinary leadership, Gordon Gekko was a strategic leader because he was able think, act, and influence others to get what he needed to sustain his company’s competitive advantage and make money (Hughes & Beatty, 2005). As a strategic leader Gordon Gekko consistently scanned his...
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...University of Phoenix Material Influences on the Constitution Table Write one or two paragraphs in each section. Include citations for your sources. |Documents |Summary |What was its influence on the Constitution? | |Magna Carta |The Magna Carta was signed between the Barons of Medieval England and King John. The |The Magna Carta established the right of due process and provided a basis of higher law that could not | | |Great Charter was signed at Runnymeade near the Windsor Castle and was an attempt by |be altered by executive mandate or legislative acts ("Magna Carta: Cornerstone Of The U.s. | | |the Barons to prohibit the King from abusing his power over the people ("Magna |Constitution", n.d.). | | |Carta", 2000-2012).. | | | |The Magna Carta consists of 63 clauses, many of the clauses address the English legal |Magna Carta: Cornerstone of the U.S. Constitution. (n.d.). Retrieved from | | |system. It states that every man shall...
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...William Carnegie who’d been put out of a job by the advent of the factory system, and his wife Margaret, who tended to the family and helped her brother in his cobbler business. He would grow to become the richest man America had ever known, and much of this he would credit to his early determined statement that “the wolf of poverty should be driven from our door someday” (viii). He extols the values of the necessity of work in the pursuit of wealth in his writing, yet is considered a great capital investor, who made much of his money from investments. He expresses that the value of wealth is in its application as a philanthropic device, but is known to have...
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...Recommendations Cash Connection is a payday lending institution looking to differentiate itself from its competitors and acquire a large portion of the payday lending industry in order to escape the ill-effects of the impending regulations imposed by the government. The payday lending industry is highly competitive and the task of gaining a large hold on the market is not an easy task. This is why the company seeks to develop a strategy that can efficiently achieve results that not only put Cash Connection on top of the market but also keep it there. Cash Connection has proven that being the first store in a new market is typically the one most profitable, with secondary stores cannibalizing the first and decreasing over profitability of the group. Despite the fact that there are untapped markets, it would seem that expanding is not the best option right now. Cash Connection has shown a decline in profitability for the past few years that would make opening more stores impractical due the financial burdens they would place on the company. That doesn’t mean that expansion has to be counted out, it just cannot be the focus of the strategy as a whole. A strategy that increase the revenues generated by existing stores while taking customers away from competitors would provide the foundation for increasing the number of locations available for Cash Connection to do business. By repeating this cycle, Cash Connection should be able to gain an upper hand on the payday lending industry...
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...Corporations 9 - Financial Institutions and Credit 10 - Final choice and rationale 10 – Conclusion 12 - References Executive Summary As international markets are expanding and new opportunities are opening up abroad for businesses to grow within the international landscape, it is imperative that prospective companies gather a full working knowledge of how multinational corporations function and ways in which joining the European Union can provide an advantage or disadvantage to further operations. This is especially true for businesses such as small chain restaurants within the service industry. The accessibility of the international market for small businesses is rather limited in that it is normally more beneficial to remain localized within their own country or region. However, research should always be conducted when determining the feasibility of expansion into the international marketplace. Joining the European Union holds a great deal of opportunities that would prove to be beneficial to a business should they join. One of the major benefits in obtaining acceptance into the union would be the ability to freely operate within a large number of countries that currently use the same type of financial policies and monetary practices. Foreign direct investments in another country would also prove advantageous when the market shows a clear need for the product being offered. However, disadvantages to joining the European Union would include the delayed ability to react...
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...Our economic system — the market economy or capitalism — is a system of consumers' supremacy. The customer is sovereign; he is, says a popular slogan, "always right." Businessmen are under the necessity of turning out what the consumers ask for and they must sell their wares at prices which the consumers can afford and are prepared to pay. A business operation is a manifest failure if the proceeds from the sales do not reimburse the businessman for all he has expended in producing the article. Thus the consumers in buying at a definite price determine also the height of the wages that are paid to all those engaged in the industries. 1. Wages Ultimately Paid By the Consumers It follows that an employer cannot pay more to an employee than the equivalent of the value the latter's work, according to the judgment of the buying public, adds to the merchandise. (This is the reason why the movie star gets much more than the charwoman.) If he were to pay more, he would not recover his outlays from the purchasers, he would suffer losses and would finally go bankrupt. In paying wages, the employer acts as a mandatory of the consumers as it were. It is upon the consumers that the incidence of the wage payments falls. As the immense majority of the goods produced are bought and consumed by people who are themselves receiving wages and salaries, it is obvious that in spending their earnings the wage earners and employees themselves are foremost in determining the height of the compensation...
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...affect the organisation’s performance (Robbins, Bergman, Stagg, Coulter, 2009). The business environment is comprised of a set of relationships between agents or stakeholders in the environment – relationships that are changed by individual decisions taken (Mason, 2007). As HSBC operates internationally, its external environment is complex and due to the nature of the industry, the environment is turbulent and instable. The specific environment is the external factors that directly impact on manager’s decisions and relevant to the organisation. The general environment is the broader external factors that influence an organisation, but less influential and direct than specific environment (Robbins et al., 2009). To illustrate, macro factors are economic conditions and technological changes whereas operating factors are unions and competitors. It is important for managers to realize and react to these factors because they can be opportunities or threats to the organisation. Managers should accept the fact that the world is rapidly changing and they have to work towards these changes as there are direct impacts on their managerial roles. External Environment Analysis External environment refers to forces and institutions outside the organisation that can potentially affect its performance (Robbins et al., 2009). A common method to scan the...
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...Scholefield Page 3 of 27 Introduction New Qualifications The Chartered Institute of Personnel and Development (CIPD) has introduced new qualifications in 2010 to reflect the knowledge and skills specified in the CIPD HR Profession Map and revised membership criteria The changes offer greater flexibility to you and providers, introduce a whole new suite of Intermediate level qualifications, and will meet the requirements of the new Qualifications and Credit Framework (QCF). What is the QCF? The QCF is a new way of recognising achievement through the award of credit for units and qualifications. At present, it is hard to understand all the different types of qualification that learners hold - what level they are, how long they take to complete, what content they cover, and how they compare to other qualifications. The new framework will help present qualifications in a way that is easy to understand and measure. Credit and level Every unit and qualification in the framework will have a credit value (one credit represents 10 hours, showing how...
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...LO1 Understand the organizational purposes of businesses. ACs 1.1 identifies the purposes of different types of organization. Tasks 01 Legal Structure of Business Organization: A business Organization may have three legal option or structure, they are: Sole Trader: A person who runs unincorporated business on his or her own. Sometimes it is known as "sole proprietor" or "sole practitioner". Partnership: A partnership is an association of two or more people formed for the purpose of carrying on a business. Partnerships are governed by the Partnership Act (1890). Incorporated Company: Incorporating business actions into a company confers life on the business as a "separate legal person", Profits and losses are the company's and it has its own debts and obligations. Types of the Business Organization: Private Company: A company whose ownership is private. Private companies may issue stock and have shareholders. Public Company: Public Company may be defined as, A company that has issued securities through an initial public offering (IPO) and is traded on at least one stock exchange or in the over the counter market. Government Company: Government Company may be defined by, it is a legal entity created by a government to start money-making activities on behalf of a proprietor government. Voluntary Organization: Voluntary organizations may be defined as, organizations are non-profit ambitious, self-directed and non-statutory, that are run by persons...
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...Joseph Stalin: Man of Steel Only a few years after the end of World War I, a new leader came to power in Russia. This man quickly became a threat to any potential enemies of the Soviet Union by showing his competence militarily. His military leadership would prove itself more admirable in World War II. Also, being a leader in a leader in an underground revolutionary group and a member of the Bolsheviks could only add to his intimidating persona. The name most commonly matched to said persona is that of an important, tyrannical former leader of the Soviet Union. Joseph Stalin’s political reign is that of violence and war, but his story still influences politics today and influenced the decisions of other world leaders along the way. Joseph Stalin lived a fairly normal early life. He was born on December 21, 1879. His birthplace was Gori, a small town in the Russian province Georgia. Only later did he adopt the surname ‘Stalin’. His actual birth name was Joseph Vissarianovich Dzhugashvili (Schlesinger 14). So how does a boy from a small town grow up to kill millions in a military dictatorship? Stalin is the perfect example of someone being influenced by the media. One particular book made a huge influence on his future and his feelings towards Russia. When Stalin was young, he read a book about a character by the name of Koba, a Georgian equivalent to Robin Hood. This Robin Hood-like character despised Russians and how they treated the people of Georgia (Schlesinger 16). The...
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...Introduction The Hungarian economic crisis can be ascribed to changes in economic situation in particularly fiscal and monetary policies of the country, although the effect of the global financial crisis in 2008 cannot be taken too lightly. Hungary’s desire to become a member of the European Union required the country to embark upon “austerity measures” which further dampened its economic situation. Adoption of the shift to the right ideologies further deteriorate the Hungarian economic situation. Prior to the economic crisis of Hungary that appeared back in 1989, which saw a fall in standard of living and economic activity due to economic trade liberalization, the country had transformed from monarchy, communist and socialist economic systems consecutively. In the period 1867 to 1920 Hungary operated under a monarchy government and this ended in a planned and or command economic system. After the invasion and seizure by the Soviet Union, the country’s economic policies were transformed to communist economic system resulting in nationalization of the country’s industries and institution of collective agriculture. After the collapse of the USSR which it had ties with Hungry experienced a transition from a communist to a socialist economy through liberalization of economic policies which brought about foreign investment though contrary to expectations it had negative impact in the economy. The Hungarian State was forced into the economic crisis because of rapid transition...
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...a national spotlight. She became a faculty member at Stanford University while in her twenties and continued to excel through academics as well as on a national scale. Dr. Rice reached her success by her own accord. She grew up in Birmingham, Alabama, during the civil rights era with a strong family influence. Both of her parents were teachers and emphasized the importance of education. She is an accomplished pianist and speaks several languages to include French and Russian. Prior to the appointment to Secretary of State, Dr. Rice became the Nation Security Advisor during President George W. Bush first term in the presidency (Rice 2008). Dr. Rice studied political science at Stanford University and served as Provost. Dr. Rice’s expertise is concentrated on areas of Soviet Union and European countries. During the 1980’s Dr. Rice closely worked with Security of State George P. Shultz under President Ronald Regan. She was part of a forum, which held frequent meetings on foreign affairs. Dr. Rice served as a Soviet expert on the United States National Security Council, (Rice 2011). Serving on the council came during the fall of the Berlin Wall and the collapse of the Soviet Union. Dr. Rice served as Special Assistant to the President for National Security Affairs. She helped develop Secretary of State James Baker’s policies in favor of the German reunification (Rice 2008). While serving as the Secretary of State, Dr. Rice initiated diplomatic channels known as “Transformational...
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...is to create effective flow of goods and services from the point of production to your consumers despite various controllable and uncontrollable forces that do militate for or against you while making profit for your organization. The external environment of marketing The external environment of marketing is comprises of those uncontrollable forces outside of your organization. These forces that can influence your business are uncontrollable because you do not have any control over them, but yet, you can respond and adapt to their treats and influences with your controllable mix element from your internal environment. The uncontrollable forces in the external environment are: Competition Government policies Natural forces social and cultural forces Demographic factors Technological changes (1) Competition: competition refers to the numbers of similar competitive product brands’ marketers in your industry, their size and market capitalizations. You as a marketer might not have direct influence on them, but it’s important that you monitor their activities, and then design effective strategies using your controllable variables. (2) Governmental policies: the government policies refers to the laws and legality that guilds the land, they go a long way to affect your business operations as a marketer. For instance, government restriction on the importation of a particular product might hinder the...
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...Marketing Plan & Strategies of PBS The information for this article was derived from many sources, including Michael Porter's book Competitive Advantage and the works of Philip Kotler. Concepts addressed include 'generic' strategies and strategies for pricing, distribution, promotion, advertising and market segmentation. Factors such as market penetration, market share, profit margins, budgets, financial analysis, capital investment, government actions, demographic changes, & emerging technologies. There are two major components to your marketing strategy: * how your enterprise will address the competitive marketplace * how you will implement and support your day to day operations. In today's very competitive marketplace a strategy that insures a consistent approach to offering your product or service in a way that will outsell the competition is critical. However, in concert with defining the marketing strategy you must also have a well defined methodology for the day to day process of implementing it. In the process of creating a marketing strategy you must consider many factors. Of those many factors, some are more important than others. Because each strategy must address some unique considerations, it is not reasonable to identify 'every' important factor at a generic level. However, many are common to all marketing strategies. Some of the more critical are described below. You begin the creation of your strategy by deciding what the overall objective of...
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...majority of the increase of supply was largely seen in mining, steel, oil, transportation networks, communications networks, industrial cities, and financial centers, but also consumer goods. The concept of people not having to use their hands as much anymore was an important advancement. The time being saved was significant not to mention how efficient these steam powered machines were in production. Now the overall work time is being cut dramatically considering they could now have settings for machines to produce the work. At the same time, the workers needed to realize this meant there would be less jobs available for employees. There would be less work to manage, but this led to creating a bigger profit since there was not as much man power needed in the factory. This idea of having the machine do the dirty work sparked the importance of profits for the business leaders, which over time has arguably led to the greedy business leaders we have currently. So while the industrial revolution may have been a ground breaking innovative solution to eliminating the use of so many employees, at the same time the corrupted “profit maximization” minds were just in the early stages of development, with much more greed to come. There was a huge struggle between capitalism and democracy as well, which led to more favor of capitalism....
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