...traits? Can a good company become a great one and how? What was the main research question? The study focus on the leadership traits of the CEO of those few companies which reach excellence, so called “good-to-great” companies. How do they behave? How do they communicate? What are their backgrounds? Same studies have been made among most of the companies who did not really succeed to clearly outperform their competitors during a long period of time. How was the study made? • The first step was to select among the “1435 companies that appeared on the fortune 500 from 1965 to 1995” those who had a specific pattern regarding their performance. The targeted companies were those who had during 15 years stock performance below or at the level of the stock market and from a transition point succeeded to have “cumulative returns” of at least 3 times the market during the next 15 years. It is also important to note that this shift should not be industry specific. These criteria have enabled to select a limited number of 11 companies. • The second step was to select peer companies, i.e. companies who were acting in a similar field and were comparable in terms of size, age, customers and performance until the transition point than those 11 good-to-great companies but did not have the same success afterwards. • The third step was to search for qualitative and...
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...Levels of Managerial Communication and The Strategic Model of Communication There are 5 levels of managerial communication. Each of its level is as important as the next. They can occur individually or all at once. Intrapersonal communication is the first level. It focuses internally such as noting, listening closely, as well as reading, while the second level; Interpersonal level of communication focuses on 2 or more individuals exchanging thoughts, details, giving feedback, and for social connection. The Group communication is the 3rd level. “Meeting” is commonly used for multiple individuals on official or informal basis. Fourth, the organizational level of communication runs the network that links employees within the organization or to another organization together in set task. The 5th and final level is the Intercultural level of communication is the interaction among people of various cultures, which is utilized more these recent years because of the expanding multi cultural workforce. Another important matter related to Managerial Communication is the Strategic Model. Its first layer is the Communication Climate and Culture Context, which puts the 5 level into practice. Climate is the manager-employee relationship, whether it’s trusting, open or closed, or defensive. The Culture Context is the employees shared values, symbols, and social ideas. The second layer consists of the sender and the receiver. The sender encodes and receiver decodes. The sender’s appropriate...
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...Level 5 Leadership The Triumph of Humility and Fierce Resolve A] Verghese Kurien – called the “Father of White Revolution” in India – There are some amazing leaders around world who never cease to inspire me. After reading the article on Level – 5 leadership, one name that immediately came to my mind was of Varghese Kurien who revolutionized milk production in India. Humility + will = level 5 Verghese Kurien (1921 – 2012) was a leader of remarkable vision, creativity and compassion. He came to a small town in Gujarat named ‘Anand’ to serve on a government bond since the government had sponsored his education abroad. During this time the local dairy farmers in Anand were being exploited by large diaries and did not get their fair share of milk price. This was compounded by an inefficient way to get their milk to the market. This is the time when India’s demand for Milk was increasing. They were the second largest importers of milk. Kurien was touched by the plight of the farmers. Kurien also saw this as an opportunity rather than accepting the situation as it is. He truly believed in transforming the lives of the farmers through a business model which can be run as a self-sustained engine – a true trait of a leader to think a long way ahead much beyond his times! He setup a dairy co-operative and insisted that farmers buy a pasteurizing machine; the investment which totally paid off. Milk could reach big cities without getting spoilt and the co-operatives flourished. The co-operative...
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...organization," it is Jim Collins, who has spent the past 20 years trying to understand how some companies are able to sustain superlative performance. It may seem surprising that of the seven factors Collins identified as essential to take a company from good to great, he chose to focus on leadership in this 2O01 piece. However, even a casual rereading of the article will convince you that he was right to do so. Collins argues that the key ingredient that allows a company to become great is having a Level 5 leader: an executive in whom genuine personal humility blends with intense professional will. To learn that such CEOs exist still comes as a pleasant shock. But while the idea may sound counterintuitive today, it was downright heretical when Collins first wrote about it-the corporate scandals in the United States hadn't broken out, and almost everyone believed that CEOs should be charismatic, larger-than-life figures. Collins was the first to blow that belief out of the water. Level 5 Leadership TheTriumph of Humility and Fierce Resolve by Jim Collins What catapults a company from merely good to truly great? A five-year research project searched for the answer to that question, and its discoveries ought to change the v^ay we think about leadership. I n 1971, a seemingly ordinary man med Darwin E. Smith was named cfeief executive of Kimberly-Clark, a stodgy old paper company whose stock had fallen 36% behind the general market during the previous 20 years. Smith...
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...LA level 5 leader has specific qualities that make them so great. They are stubborn and ruthless but they are humble. Level 5 leaders accomplish great things for their company and never take any credit because they give the credit to their people, luck and external factors. Making their company successful and great is what motivates them. When they leave, they expect their company to be even better. These qualities are what makes a level 5 leader take a good company and turn it into a great company. A transactional leader focuses on structure and process rather than outside the box thinking. Transactional leaders use positive and negative reinforcement to manage employees. Praise and bonuses when employees do well is some positive reinforcements that they use. Reprimands or suspensions when work quality falls or something else goes wrong is some negative reinforcements that they use. Transactional leader are also especially effective in times of crisis. A transformational leader can motivate people to want to change, to improve, and to be led. They do this by being a role model. Transformational leaders motivate people to achieve high standards and challenge people to develop creative solutions. They develop people on individual basis. Transformational leaders are great at aligning the company’s interests with employee needs. Executive A is a level 5 leader. Colleagues describe as driven, fiercely ambitious and entirely focused on the company. He shies away from the attention...
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...1.2 : Evaluate the principal factors that may affect performance and motivation in the workplace High enthusiasm at work usually means eagerness, and a willingness to work hard, however this natural state of motivation can then be reduced, over time, by bad practices and poor conditions within the workplace. The three factors, which together build enthusiasm, are as follows: 1. Equity/Fairness – People want to be treated fairly at work. 2. Achievement – People want to do important, useful work, and be recognized for this. 3. Camaraderie – People want to enjoy good relationships with their co-workers. Factor One: Equity/Fairness People are motivated by fair treatment, and they want their company to provide basic conditions that respect their physiological, economic, and psychological needs. Equity and fairness would consider physical working conditions, job security, the amount of work expected, compensation, communication, favoritism, and the consistency of management's actions and words. The equity factor is very similar to the hygiene factors described by Frederick Herzberg in his Motivation-Hygiene Theory Factor Two: Achievement People want to be proud of their work, and they want their achievements to be acknowledged. They also want to feel proud of what the organisation as a whole achieves. The individual’s performance and motivation can depend on type of feedback they received, how participative their work environment was, whether adequate resources were provided...
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...people • What is your household income? $40,000.00 • What is your profession? Handling heavy machinery • What is your education level? High School Diploma Psychographic Questions • What did you find interesting about this product? It’s capability of taking photos • What are your thoughts about the product? It has a great resolution Buying Pattern Questions • Do you ever purchase electronics? YES • Where do you go when you are looking for electronics? On Web • How often do you purchase electronics? Once in a while • How long does it take you to make a buying decision? A few days • What is your typical budget for electronics? $200-$500 • How far would you travel to make the purchase? Around Windsor Benefits Questions • What features do you look for when you purchase electronics? Its quality • What specific benefits do you look for in electronics? Reliability • What motivates you to purchase electronics? Universal Trend • What needs are you trying to meet when you purchase electronics? Enhancing lifestyle • How do you hope electronics will make your life better? Time saving Customer Number 2 Interested in a gaming console • What is your age? 22 • What is your gender? Male • What is your household size? 4 people • What is your household income? $30,000.00 • What is your profession? Student • What is your education level? College Psychographic Questions • What did you find interesting about this product? Its gaming features • What are your thoughts...
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...This assignment was designed put us, the student in a situation where we are placed in the supervisor position. In this assignment put the supervisor in a position of having to pick and choose what tasks to do themselves and what tasks should be delegated out after coming in and finding their basket full of tasks that need to be dealt with. When you obtain the position of supervisor, there is usually far too much for just you to do, therefore it is important to learn what to delegate and who to delegate it to. The most important tasks should be done by the supervisor but as far as things such as someone’s vacation hours and stocking merchandise for the store, those tasks should be delegated out to the assistant manager and to the store clerks. Being a supervisor means being in a role of leadership, logic, common sense, and decision making for yourself, the employees, and for the company. The “in Basket” debate and discussion gives us and our fellow classmates the opportunity to see if we can successfully delegate out certain tasks as a supervisor at a fictitious company. The discussion between me and fellow classmates was a great one and it appeared as though everyone agreed on everything accept for different incidents. The only two incidents where I came across disagreement were in regards to task number 3, and task number 4. These are the examples in which I will be using in this paper as far as disagreeing is concerned. Task number 3 is in regards to the mall hours changing...
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...question number 4, if answered Public Transportation please go to question number 5.) 4.) How likely are you willing to carpool? a. Very likely b. Likely c. No change d. Less likely e. Not likely at all 5.) Do you shop at other outlets in the area? If yes please answer question number 6, if no go to question number 7. a. Yes b. No 6.) Please rank the shopping centers from best to worst – (with 1 representing the best) Paragon Outlets Hacienda Shopping Center Stoneridge Mall Livermore Plaza 7.) I will be stopping at Paragon outlets instead of the other malls in the area. a. Strongly agree b. Agree c. Somewhat agree d. Disagree e. Strongly disagree 8.) Why would you shop at the Outlet? a. Shopping b. Food c. Entertainment d. Other 9.) When will you be visiting the Outlet? a. Morning b. Lunchtime c. Afternoon d. Evening e. Weekend 10.) How many times do you visit a mall or shopping center in a month? a. 0-1 b. 2-5 c. 6-9 d. 10-14 e. 15+ 11.) Do you believe there is a benefit shopping at a mall vs. at local stores a. Yes b. No c. Don’t shop at local stores 12.) Impact of Outlet on online shopping a. Less Likely b. No effect c. More Likely d. No Answer 13.) On a scale of 1 to 5 rate if you think the...
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...0 g Tums 21.0 g Mylanta 18.0 g CVS brand 18.3 g Rennies 17.5 g 24.1 mL 22.4 mL 20.0 mL 19.9 mL 24.4 mL 1. Which is the strongest antacid, on a single-dose basis? Which is the weakest? Explain and show your calculations. 2. Which are the strongest and weakest, on a by-weight (mass) basis? 3. When people do back titrations, they usually watch the solution for a color change when the solution becomes neutral. What might you have used in the above experiment to get this color change to happen in the solution? At what pH would the solution have been neutral? 4. If you had walked into the lab, only to discover that you only had 0.1 M sulfuric acid available to run your tests, how might this have affected your calculations? Why? 5. In...
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...|1 |0.00-1,499.99 |0.00 |15 % | |2 |1,500.00-2,999.99 |225.00 |16 % | |3 |3,000.00-4,999.99 |465.00 |18 % | |4 |5,000.00-7,999.99 |825.00 |20 % | |5 |8,000.00-14,999.99 |1425.00 |25 % | Ok number 3 if the excess is over $3,000.00 then that would be 16% of $236.00; therefore the total tax would be $236.00 +36.00 which would be $272.00 Number 4 if the excess is 5,000 then that would be 18% of $232.5; therefore the total tax would be $232.5 + 32.5, or $265.00. Number 5 if the excess is over 8,000 then that would be 25% of $570.00 therefore the total tax would be $570.00 + $120.00, or $690.00. Number 1 if the excess is $0.00 then that would be 15% of $0.00 therefore, the total tax would be $0.00 + $0.00 which would nothing $0.00 I understand but I am confused on the number and how to get the, I know this cannot be right but I am trying to follow procedure and hoe to calculate all of this, I understand the concept of...
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...Institute of Leadership and Management Level 5 Assignment 1 Becoming an Effective Leader Institute of Leadership and Management Level 5 Assignment 1 Becoming an Effective Leader AC 1.1 – Evaluate your own ability to use a range of leadership styles, in different situations and with different types of people, to fulfil the leadership role. Having reflected on my own leadership style, I have thought about the way in which as a leader, I have historically led a team. Over the years working within a nursing background I found it difficult to be a specific type of leader due to the thinking that as a nurse you never led, you were a manager that was led. I was far from the truth… I have worked with very different people from all levels of abilities from cleaners through to consultant doctors and have led differently depending on the person I am leading. A scenario I can recall was a time when I instructed a cleaner to decontaminate a side room ready for another patient to occupy. I used a Delegation style approach to the task and 4 hours later, I found the task was not completed due to poor time management by the cleaner. This had a negative consequence of delaying another patient’s admission to the unit until the task was completed and caused conflict between myself and the cleaner as she had not undertaken the task I had set. The positives of this leadership style so I thought, were not to dictate to her what she has to do, but to allow her to lead herself...
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...ASSIGNMENT COVER SHEET Course Name: | Edexcel BTEC Level 5 HND Business and Management | Assignment Name: | Managing Financial Resources and Decisions | Section 1: Understanding the Source of Finance Available to Business IDENTIFY THE SOURCES OF FINANCE AVAILABLE TO BUSINESS In order to set up a business the owner or business needs money to get it going, and in cases of established businesses, keep it growing. Business owners will usually use some of their own money coupled with other sources of finance to start their business. There are several ways to acquire financing and a few of them are personal capital and borrowing from friends, borrowing from a bank, factoring, invoice discounting, leasing, hire purchase and franchising. For larger companies they have the advantage of being able to sell shares to raise capital, they can also have large investors, and being able to ‘raise capital’, they can also retain earnings in order to use the money as cash flow for further developments in the company or for a particular project (this money belongs to shareholders). Companies who are already established can retain their profits for a period of time and use this money in the future for projects or business needs, this is usually shareholder dividend and ultimately belongs to the shareholders, but the company is using it to expand or better the business. The selling of company assets is also seen as a way of raising capital, however if you are selling off your assets...
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...moral development is based on the American psychologist Lawrence Kohlberg’s conception of individual moral development (see Unit A3). Kohlberg has described moral development as moving through three main levels. Each level is divided into two stages, so there are six stages in all. Some individuals progress through all the stages, while others get “stuck” at the lower stages. Pre-conventional level (stages 1 and 2). At stage 1, the infant is initially motivated purely externally by fear of punishment, such as a spanking, and at stage 2 by a desire for rewards, such as a piece of candy. Conventional level (stages 3 and 4). Stage 3 is the “good-boy/nice-girl morality,” in which children seek their parents’ or peers’ approval. After this, an individual may move to stage 4, the “law and order stage,” in which great value is placed on following social rules. At this stage people have started to move beyond merely an egoistic motivation to one in which there is real concern for meeting standards for non-selfish reasons. Kohlberg believed that most adults remain at this stage. Post-conventional, autonomous, or principles level (stages 5 and 6). Here, one accepts moral rules not just because they are part of one’s society but because one knows that the rules are right. In stage 5, individuals see morality as a kind of contract between individuals that grounds individual rights, a position which is very close to Hobbes’s picture of morality (discussed in Unit A4). At stage 6, one...
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...LO1: Be able to compile marketing audits Task 1: The internal and external marketing environment for Hiscox Ltd (LO 1.2, 1.3, 1.4, 2.1, 2.2) Introduction: The case study I have chosen for this assignment would be Hiscox Ltd. is a Bermuda-incorporated insurance provider, listed on the London Stock Exchange. An underwriter at Lloyd's of London, the company largely specializes in niche areas of the market, offering property and casualty insurance aimed at companies and high-net-worth individuals. According to Hiscox Ltd they states marketing planning is a plan involves designing activities relating to marketing objectives and attach with the capability of changing marketing environment. It contains with the issues of product lines, distribution channels, marketing communications and pricing. 1.3 Hatton’s marketing planning process is the marketing audit (Hiscox Ltd) Examination of techniques for organizational auditing and for analyzing external factors that affect marketing planning Hatton marketing planning is the well-defined procedures or process which has been used for mainly the improvement of the company’s product or the service development. The steps of the Hatton marketing planning have been described in the below: At first the Hiscox Ltd has to understand the customers of their locality. They need to analyse the market portfolio, has to analyse the competition, carry out research distribution, define marketing mix , carry out the financial analysis, at last...
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