...1830 29th March, 18 The purpose of this essay is to provide the company XYZ with a full analysis which would later provide them with the ability to innovate as their recent changes have not been affective. This company already engaged in a transformational process where the key concept was to elevate to their responses for the rapidly changing nature of the markets and the industry, also considering what the customer preferences are, how can they be creative and stand out by implementing flatter structures as well as cross functional teams. Although they changed their leading process they still didn't get the change they were hoping for,...
Words: 1844 - Pages: 8
...maxims such as Your attitude determines your altitude”. My reasoning for agreeing with this concept was due to my 20 plus years in corporate America dealing with various forms of management personalities. During my experiences I encountered managers what I’ve put in categories as: okay, good, great, dysfunctional, bad, and horrible. The horrible bosses range from a manager I previously had who had been arrested and charged for embezzlement, to supervisors who discussed employees company personal business during lunches. I have had supervisors who were unqualified with no college education experience nor prior knowledge of the job, to a Department manager who had worked her way up the ladder with only an high school education but was extremely knowledgeable and was hands down the best manager I have ever had. I was unfortunate enough to encounter a manager with various degrees and credentials but he had the worst management interpersonal skills I have ever encountered thus far. These have all been experiences that have formed my preconceived notions of what type of manager I would one day like to be. I now understand from those experiences that it’s not just education and knowledge of the job that makes a successful manager. These things are of the utmost importance, but it takes much more than these things to make successful...
Words: 3076 - Pages: 13
...1. Will you buy a house and lot today or pay in installment of simply rent? Use time value of money. Should I Buy a Home or Just Keep Renting? Kristin Wong Should I Buy a Home or Just Keep Renting? Dear Two Cents, I’m out of debt, and I’m now saving for a down payment on a home. It’s always been my dream to be a homeowner. But lately, I read a lot of arguments against it in favor of renting. How do I know if it’s a good idea for me? Should I buy or keep renting? Sincerely, Hopeful Homeowner Dear HH, For a long time, conventional wisdom seemed to be that you grow up and buy a home because that’s just what you do. But lately, people are realizing that it isn’t always the smartest financial move. Obviously, the housing crisis has a lot to do with that—it’s made people question the standard assumption that homeownership equals financial stability. Five Things I Wish I Had Known Before I Bought a House Homeownership isn’t a good or bad idea on its own. It has everything to do with your own situation. Sometimes, buying a home is the smart thing to do; other times, it really isn’t. Whether or not it’s smart for you will depend on a few different factors. Here’s what you should keep in mind. Don’t Think of a Home as Your Main Investment Should I Buy a Home or Just Keep Renting? The biggest argument for owning a home is that it’s an “investment.” But a lot of people overestimate the return on this investment. People tend to believe that homes are appreciating assets,...
Words: 7739 - Pages: 31
...Accounting policy 21 Ch9 Tax matters 23 Ch1 Corporate Governance Mr. Buffett mentioned some problems existing in annual meetings and possible causes. In most situations, annual meetings are a kind of time waste for shareholders and management, because managers don’t want to express actual accounting conditions to others. Contrary to it, Berkshire’s meetings are different because many thoughtful questions would emerge and are valued to be answered. However, many people won’t be honest in these situations. Companies that provide information also hope to obtain information from other companies. There’s no doubt that people wish enough financial details to make some predictions. But more and more corporate choose “selective disclosure”, which is corrupt behavior about accepted by the whole America. Chairman Levitt cracked down on this kind of behavior. At the same time, Mr. Buffett doesn’t agree that CEO should make too many efforts to make too often predictions, which may cause trouble. For one thing, a much too high growth rate would spread unwarranted optimism. For another, announcing such a high rate might force companies to make some unwise decision. Three advices are provided to investors. Many occupations have their own standard requirements which are easy to measure while CEOs don’t, because nobody can describe what bosses should do and bosses don’t have immediate superior who would measure CEOs. Though directors and shareholders have changed very much, commentators...
Words: 5085 - Pages: 21
...When You Launch a New Venture by Clark G. Gilbert and Matthew J. Eyring Smart entrepreneurs aren’t cowboys—they’re methodical managers of risk. For nearly 20 years the case study used to introduce Harvard Business School’s Entrepreneurial Management course has been Howard Stevenson’s “R&R.” It looks at Bob Reiss, an entrepreneur who launches a venture in the board-game industry. Students are encouraged to explore all the production, development, distribution, and marketing costs associated with the new venture. A cursory reading of the case suggests that it’s a lesson in the rewards that come to an entrepreneur who is willing to take on an enormous amount of risk. Reiss capitalizes on what he correctly foresees is an ephemeral opportunity to ride the coattails of the Trivial Pursuit craze before me-too products flood the market. But a more careful analysis reveals something else entirely. At every turn, Reiss seeks to reduce his risks before making any significant financial investments or operational commitments. For example, he presells a sizable number of units to ensure cash flow. As students come to understand, Reiss actually limits his at-risk capital to the cost of the game design and the prototype. Rather than the high-risk, high-reward seeker he initially seems, Reiss proves to be a manager who constantly identifies risks and finds creative ways to remove them. Tackling the Right Risks First (Located at the end of this article) Over the past decade we have participated...
Words: 3885 - Pages: 16
...that are not mentioned in the article. The article focuses on her board members and the relationship amongst them. According to the article, it seems as though Rhonda has none or very little power over her board members. Similar to the presidency, in order for her to make decisions that effects her staff and stakeholders she is required to get board approval. And since she obtained the CEO position she has experienced a lot of friction from them. So in this situation she doesn’t have direct legitimate power over her board members. “Reward power is derived from the person’s ability to control the allocation of rewards valued by others and to remove negative sanctions” (McShane and Glinow, 2010, p.302). It is not clear in the article whether or not Rhonda has this type of power over her board members. As mentioned in the article “she heard from a very reliable inside source that the very board that hired her and charged her with the responsibility of transforming the foundation was extremely fragmented” (McShane and Glinow, 2010, p.302). It may have been beneficial for Rhonda to exercise this type of power (if she possessed it) to help get some assistance from her board members. The closest example of...
Words: 3003 - Pages: 13
...Abstract……………………………………………………………………………………………………………………..8 Introduction……………………………………………………………………………………………………………….8 Discussion/literature review: A. The current recruitment strategy. The advantages/disadvantages, suggesting the need for change………………………………………………………………………………………………..9 B. A definition and identification of the major advantages and disadvantages of Talent Management Programmes…………………………………………………………………10 Conclusion…………………………………………………………………………………………………………………10 References…………………………………………………………………………………………………………………11 Part A: INTRODUCTION In response to harsh competition in a rapidly changing world managers and executives at the beginning following the hierarchical theory of business, built on equity and driven by profit were seeking ways to improve the competitiveness by dismissing people, selling enterprises and demanding more from those who remained. Though, for companies to get out of their problems using the chosen strategy was getting harder and harder. The universal competition has made the traditional model of management obsolete. In contrast to the old model of management, the new one focuses on not how much we produce, but on how we satisfy the demand of consumers. The key points that have high priority for improving competitiveness are customer orientation, corporate thinking, integration and team work. The new model of management is nothing more than to be able to see the organization as a whole: the relationship of people and processes that determine the success, examples...
Words: 3667 - Pages: 15
...1/30/2015 PrintFriendly.com: Print web pages, create PDFs Apple’s new strategy ukessays.com /essays/businessstrategy/applesnewstrategy.php In a highly competitive environment such as the computer and technology industry, the structure of an organization needs to balance the benefits of a free and creative workforce all the while employing rigid guidelines to ensure cost control and efficiency. Apple Computer tried to accomplish this grey area of management when they restructured the organization in 1992. While some of the techniques they implemented looked promising, others appeared as if they were not going to solve their current problems. To facilitate creativity in generating new and unique products, Scully will “articulate a farsighted vision very broadly, at a 50,000 foot level” and leave the lower level managers and workers to fill in the blanks. While it is important for Scully to allow the engineers freedom in generating ideas for new products, he may be allowing them too much freedom. Without providing the lower level workers certain specifications and milestones, they will surely overshoot their budget and miss deadlines. To ensure that these milestones are met, Scully should provide them with a semi rigid guideline for the development, yet still allowing wiggle room for creativity that will distinguish their products in the market. The freedom that is allowed for creativity at Apple also has the potential for abuse. The current structure is lacki...
Words: 2256 - Pages: 10
...December 2013 The sands of time is another way of referring to time. It is more poetic and is often used when talking about how time passes. Examples: "I am always ready to score the winning goal," said the footballer, dismissing those who said the sands of time are running out on his long career. Plan for your retirement. The sands of time catch up with everyone. * Live in the present 24 December 2013 Present as a noun has two meanings. A present is a gift. The present is the time we are experiencing at this very moment. When you tell people to live in the present you want them to deal with current events and not be too concerned about the past or planning for the future. Examples: Don't worry if your former boyfriend cheated on you. Live in the present and find another person to love! Johnny was keen to save money to buy a house. His friends told him to live in the present and go on a holiday with them. * One in the eye 19 December 2013 If you say something is one in the eye for someone, it means that something is a big disappointment or a defeat for them - but you are pleased about their disappointment. Examples: I got the job! That's one in the eye for John – I've never liked him and I was sure he would get the position. Ha! Our winning the championship was one in the eye for our rival team – they are always boasting about their skills. * Get your skates on! 17 December 2013 If you tell someone to get your skates on it means that you want them...
Words: 2045 - Pages: 9
...When You Launch a New Venture Smart entrepreneurs aren’t cowboys—they’re methodical managers of risk. by Clark G. Gilbert and Matthew J. Eyring ILLUSTRATION: BRUCIE ROSCH F or nearly 20 years the case study used to introduce Harvard Business School’s Entrepreneurial Management course has been Howard Stevenson’s “R&R.” It looks at Bob Reiss, an entrepreneur who launches a venture in the board-game industry. Students are encouraged to explore all the production, development, distribution, and marketing costs associated with the new venture. A cursory reading of the case suggests that it’s a lesson in the rewards that come to an entrepreneur who is willing to take on an enormous amount of risk. Reiss capitalizes on what he correctly foresees is an ephemeral opportunity to ride the coattails of the Trivial Pursuit craze before me-too products flood the market. But a more careful analysis reveals something else entirely. At every turn, Reiss seeks to reduce his risks before making any significant financial investments or operational commitments. For example, he presells a sizable number of units to ensure cash flow. As students come to understand, Reiss actually limits his at-risk capital to the cost of the game design and the prototype. Rather than the high-risk, high-reward seeker he initially seems, Reiss proves to be a manager who constantly identifies risks and finds creative ways to remove them. Over the past decade we have participated in the development of a dozen...
Words: 4235 - Pages: 17
...These companies are short term oriented and forget the long term benefits of being sustainable. Even government owned banks are focused on the short-term profit but, shouldn’t they give the good example? As we approach the end of 2015, the financial crisis is just as nearly over and people still suffer from it. But, banks are again beginning to speculate with the money of the hard working society. People are no longer willing to tolerate the greed of the financial system and thus put pressure on them as well as on the government to set a guideline for these institutes to be more sustainable. But what does it mean being more sustainable? What measures need to be put into considerations for a change towards sustainability? What can bank managers do to ensure that the deposits of customers will be invested in sustainable investments? This report will focus on the change management plans that can be structured by the Bundesbank to play a role in influencing a more sustainable economy in the EU. Through the guideline outlined in this report, enforced strategies can be developed to make sure that in 5 years all measures taken by Bundesbank will promote sustainability. This should influence banks in the EU to become more sustainable and reduce or even remove future risks from economic bubbles. In order for Bundesbank to implement change, this report will use the change models to describe how the bank can tackle internal and external issues as result of the governmental pressure for...
Words: 4901 - Pages: 20
...Record: 1 Title: HOW TO KILL CREATIVITY. (cover story) Authors: Amabile, Teresa M.1,2 Source: Harvard Business Review; Sep/Oct98, Vol. 76 Issue 5, p76-87, 11p, 1 diagram, 3 color Document Type: Article Subject Terms: *CREATIVE ability in business *MANAGEMENT styles *BUSINESS planning *MANAGEMENT science *EMPLOYEE motivation *PSYCHOLOGY, Industrial *INCENTIVES in industry *WORK environment *QUALITY of work life *SUPERVISION of employees Abstract: The article addresses the topic of business creativity, its benefits, and how managers can inspire it. The author's research shows that it is possible to develop the best of both worlds: organizations in which business imperatives are attended to and creativity flourishes. The author observes that creativity is a function of three components: expertise, creative-thinking skills, and motivation. She believes managers can influence these components through workplace practices and conditions. The author sees managerial practices affecting creativity as falling into six general categories: challenge, freedom, resources, work-group features, supervisor encouragement, and organization support. INSET: The creativity maze. Author Affiliations: 1M.B.A. Class of 1954 Professor Business Administration, Harvard Business School, Boston, Massachusetts 2Senior Associate Dean for Research, Harvard Business School, Boston, Massachusetts Full Text Word Count: 6833 ISSN: 0017-8012 Accession Number: 1048966 Persistent link to...
Words: 7355 - Pages: 30
...down on his desk in disgust. The Model 802 wide-band modulator, released for production the previous Thursday, had just come back to Frank's Engineering Services Department with a caustic note that began, "This one can't be produced, either. . . ." It was the fourth time Production had kicked the design back. Frank Forbus, director of engineering for Rondell Data Corp., was normally a quiet man. But the Model 802 was stretching his patience; it was beginning to look just like other new products that had hit delays and problems in the transition from design to production during the eight months Frank had worked for Rondell. These problems were nothing new at the sprawling old Rondell factory; Frank's predecessor in the engineering job had run afoul of them too, and had finally been fired for protesting too vehemently about the other departments. But the Model 802 should have been different. Frank had met two months before (July 3, 2004) with the firm's president, Bill Hunt, and with factory superintendent Dave Schwab to smooth the way for the new modulator design. He thought back to the meeting. . . . "Now we all know there's a tight deadline on the 802," Bill Hunt said, "and Frank's done well to ask us to talk about its introduction. I'm counting on both of you to find any snags in the system, and to work together to get that first production run out by October second. Can you do it?" "We can do it in Production if we get a clean...
Words: 5292 - Pages: 22
...DEVELOPMENT PRESS TOOLKIT 29.95 ADD TO CART SAVE SHARE First, Let's Fire All the Managers LEADERSHIP & MANAGING PEOPLE HBR ARTICLE Gary Hamel 8.95 ADD TO CART SAVE SHARE For the past half century, there has been consensus about the kinds of places effective business leaders are formed: companies like General Electric and Procter & Gamble, high-powered consulting firms like McKinsey, elite business schools like Harvard and Wharton, the military. But it’s a different world now. Markets and workforces are increasingly global and diverse. Change is so rapid that one leader can’t hope to keep abreast of all developments, much less be responsible for the innovation needed to keep ahead of them. Decision making is broadly distributed across an organization, and collaboration is required with numerous parties outside it. So it’s worth reexamining our image of the ideal business leader and how and where a person will acquire the attributes needed to become one. We may find that it’s through experiences unfamiliar to many of us and in places far from Cambridge or Crotonville. Linda Hill, the Wallace Brett Donham Professor of Business Administration at Harvard Business School, has looked at leadership from many perspectives. In the early 1990s, she led the development of Harvard’s required MBA course on leadership. Her research into the challenges faced by first-time managers...
Words: 4278 - Pages: 18
...is clear, consistent and effective in its communication with the customers, employees, shareholders, creditors, and the community is in a good position to established trust and to elicit their collaboration. Every business organization reputation and credibility need to grow up to get more customers. Professionalism contributes a lot in business especially in long term relationship between and customers and employees. Business communication encompasses not only commutating with external contacts but also with employees within the organization. This helps the business to be well organized, aid every matter whether it is a problem, an inquiry or a sales letter will be attended properly and promptly. Generally, the word communication has reflected information and ideas through words to the people. However, verbal communication is just one of a type of communication. There are different methods of communication depending upon needs and demand of an organization. The following are some different methods of communication that are commonly used within the workplace. · Verbal communication · Written communication · Non-Verbal communication Verbal communication Verbal communication is the oldest way of business communication; it is generally speaking which can be done one-on-one, in a group setting, over the phone etc. Verbal communication is a personal means of communication and should be utilized more than just emails or phone calls when possible. Verbal...
Words: 2004 - Pages: 9
