...to grow the company. A new investor takes over, believing that the management is good, but gets frustrated after five years because of the declining sales figures. Hiring Richard Haberer, as new president of the company, the investor trusts that Richard will turn things around. In this case, I will analyze the situation that Richard faces, discuss the possible options that he has, to meet the goals put before him and finally, give my recommended course of action. At the time of Richard’s appointment Richard is appointed at a time when the investor feels that the company is not making as good sales as they have always made in the previous years. Looking at the figures, the sales are dropping each year and growth is stagnating. Although the financial performance has remained strong, the relatively flat sales will eventually drop below the desired level and the company may lose its market share. The biggest problem in Jensen industries is complacency. Because of their large market share and the previous years of overwhelming growth, the management team may have relaxed, paying little or no attention to innovation and creativity. An article about signs that employees are becoming complacent said one recent study revealed that “employees are not thinking beyond the obvious and are playing it too safe at work” (forbes.com). Once employees stop thinking, their innovation and initiative will automatically...
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...company is in a negative development period due to inappropriate management of Richard Cranberry who is the director of Biotechnology. For instance, when developing new products, Richard with his three project teams fails to production of the products that meet the market demand. Additionally, Richard does not admit that it is his style of management that leads to this failure. Furthermore, he disagrees the leadership course attended by Brenda and Judith. Factually, the leadership course benefits their staff a lot when solving problems themselves and enhances their competition. All in all, this report looks at details how Richard manage his staff which makes an bad influence to the company. II. Development Part 1 Control Within organizations, control can be viewed as the process through which managers regulate the activities of individual and units so they are consistent with the goals and standards of the organization. There are mainly four control methods, which concludes personal control, bureaucratic control and output control. (Lawrence.S, 2009) In the case study, personal control and bureaucratic control are applied by Richard Cranberry. Although both of these two methods have its own advantages and disadvantages, Richard shows more weakness in using these two control methods. The problem was that the new products developed by three teams of Richard cannot meet market demand. Richard thought this problem was irrelevant with his style of management but by lack of...
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...BUILDING A DYNAMIC TEAM ESTABLISH AN AGREEMENT FOR SUCCESS Included with this Participant workbook are the following guidebooks, published by Richard Chang Associates, Inc. • Building A Dynamic Team • Measuring Team Performance Establishing teams is not a cure-all success formula for organizations. Teams will be successful only to the extent that they have a clear purpose, apply elements of high performance teamwork, and can produce measurable results. The goal of this session is to familiarize you with the fundamentals of high performance teamwork and help you build a Team Agreement that will serve as a contract to guide your team through to the completion of your mission. Organizations that master high performance teamwork have a competitive advantage that can translate into real business performance improvement. Learning Objectives Upon completion of this unit, you will be able to: 1. Develop and complete a Team Agreement that conforms to the guidelines found in these training materials and that a team will actually use on-the-job 2. Describe your role in the high performance team process according to the definitions found in these training materials and by using input from others (i.e., team members, team leader, team sponsor) 3. Identify your team’s phase of development, as defined in these training materials, and set realistic expectations for team outputs (based on the team’s development phase) © RICHARD CHANG ASSOCIATES, INC. ...
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...Sir Richard Branson, Chairman, Virgin Group, Ltd. Case Study Assignment 4 Professor Leadership and Organizational Behavior February 26, 2012 Since the beginning of history humans have lived in groups guided by the group leader; in which leader is either chosen for his characteristics or born into through cast. No matter the culture this is similar through the human race. Humans need someone to guide them, teach them, someone to look up to. Without followers there is no leader. “That is, leader is a term applied by observers to someone whose behaviors and characteristics match the observers’ implicit leadership preferences” (Hellriegel, D., & Slocum, J. W., Jr. (2011). They are different type of leaders and leadership style depending on the situation and solution needed at that moment by the followers. In my opinion good leaders have shown to be flexible enough to switch between leadership styles depending on the demands of the situation. One of the worlds most intriguing, succesful and enduring entrepreneurial business leaders today is Richard Branson, someone who takes control of the situation by conveying a clear vision and goals for the team, a marked passion for the work and an ability to make the group feel recharged and energized. I consider Richard Branson to be a transformational leader, a leader with vision, confident, motivation, passion and determination. He is the founder of Virgin Group Ltd. “Born July 18, 1950, in Surrey, England, Sir...
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...Sir Richard Branson, Chairman, Virgin Group, Ltd. Tomesha C. Flow BUS 520-Leadership and Orgnization Behavior Instructor Jim Bankston 8/20/2012 Introduction Sir Richard Branson, founder and chairman of a company known as Virgin Group Ltd, which is one of the world’s most recognized brands. Sir Richard Branson is one of the world’s most successful entrepreneurial business leaders. He’s known for having passion, courage, and is very driven (Omafra.gov). Branson likes to start out small and share the risk with other investors. Being a leader you have to understand the importance of the type of business you are in and the competition your company may face (Omafra.gov). Branson as I see is very aware and has insight into situations. Branson has the four traits of being a very successful leader. • Intelligence, successful leaders tend to have somewhat higher intelligence than their subordinates. • Maturity and breadth, successful leaders tend to be emotionally mature and have a broad range of interests. • Achievement drive, successful leaders are results oriented, when they achieve one goal, they seek another. • Integrity, successful leaders, over the long term, usually has integrity. When individuals in leadership positions state one set of values but practice another set (Organizational Behavior 2011). Being an effective leader in the United States today, you must be well organized and have time for your organization. A successful leader makes...
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...Leadership style approaches: Richard Branson’s Virgin Group LTD Case Study Sandra Cole Strayer University BUS 520 – Leadership and Organizational Behavior Professor: Dr. Jones - Ph.D. 05 January 2011 Leadership style approaches: Richard Branson’s Virgin Group LTD Case Study Branson’s leadership style in terms of the leadership models addressed in Chapters 10 and 11 and evaluates the likely effectiveness of that style in the U.S. today In determining the leadership style of Sir. Richard Branson one of the most influential, creative and charismatic leaders of business today has admired the business sense and innovative leadership style of Steve Jobs. Oddly enough, both Steve Jobs and Richard Branson both have a flair for business but both have two totally different personalities and leadership styles. It is odd to see the admiration of Steve Jobs peak the curiosity of Richard Branson as they had different ways of doing business and working with people (Branson, 2011). Leadership in the eyes of Richard Branson An article written by Richard Branson in the United Kingdom press media release in the “Telegraph”, he makes a comparison and contrast between he and Steve Jobs. Branson first identifies Steve Jobs as an Autocratic and directive leader from a situational leadership perspective. Richard Branson on the other hand sees himself being more delegative, participative, and selling as he relates to his employees and giving them their room to breathe and...
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...managing people in projects including teamwork and communication Richard had his first experience as a project manager that give us a sense that shortcomings were inevitable. It was not entirely Richards fault, I would blame it to the whole organization for not recognizing their responsibility and contribution towards the project and instead going along with their pet projects. The lack of consensus among centralization structure over the project was caused due to lack of communication. Stakeholders including client should have often asked for progressive report and any lousy performance at the interval should have got an immediate remedial reaction to maintain the project on right pace. Today, in almost every organization, people work in teams or groups. That means managers should be skilled in managing individuals, and managing groups as well. The goal of a manager is to build a good performing team where people do their work, do it well, and respect and support one another. To do this, you must work to promote teamwork, understanding and collaboration among the people you manage on an on daily basis. The rules of working together as a team should underpin how the team is operated. Managing people is not always just acting as overseer, it is to make sure that they get their work done satisfactorily and conveniently, which was missing in trophy project. It also means involving people throughout the team in a creative role, to ensure that together you are all “Companies...
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...and preparation for the PMP. The video discusses the key points of “The Hexagon of Excellence” and all the six functions that help support the project management organization within a company. These functions integrated processes, culture, management support, training/education, informal project management, and behavioral excellence are the keys to a successful project management program. The core processing of integration are project management, total quality management, risk management, change management, and concurrent engineering. These processes are looked at through how the effects on a project can take place in the past, present, and future. Culture is based on the principles of communication, cooperation, team work, and trust. Management supports takes the view of both executive, as well as project-line interface from a mature and immature company practices. Training and education has been found to be a key fundamental in the processes of project management training and implementation. Informal project management is the practical application of PM activities through effective and efficient working eliminating waste through process. Behavioral excellence lends itself to all other areas however the behavioral of the people is the focus of the people who manage the projects. Case Study 2 - American Electronics International Read American Electronics International on pages 199-202 of the case study book, provide a 1 page synopsis...
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...Sir Richard Branson, Chairman Virgin Group, Ltd. Case Study International success for an organization requires the expansion of the company into the global market for exposure and the goal of increasing profit margins. Strong leadership skills are an essential key in the success for a global company. Judgment, positive attitude and entrepreneurial thinking, and motivational incentives are additional keys that contribute to the success of an organization. The strategic leadership ways and personality of Sir Richard Branson proved to be success in the company he led into the global market. His Virgin Galactic company had the vision to be the first company to offer passengers the opportunity to fly into space at the cost of an expensive price as the world’s first space line. In addition to offering the hopes of the first space line for customers, Branson wanted to expand the global presence even further by participating in joint-venture agreements in telecommunications with China. By incorporating their reputation into the foreign market, the exposure to an untapped market or competitive market, an organization is able to branch out with ideas that will produce additional profits. The leadership traits that Branson portrayed played a huge part in the motivation skills he used on his employees that increased production, Corporate leadership requires two important areas: content leadership (leader’s attributes and decision making skills) and context leadership (variables...
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...Corporate Leader (Sir Richard Branson) CEO (Virgin group) Name : Vipul Srivastava Roll no. : A43 Registration no. : 11101666 Section : SE101 Submitted to : Mr Maninder Singh Annexure-V- Cover Page for Academic Tasks Course Code: Course Title: | Course Instructor: | Academic Task No.: Academic Task Title: | Date of Allotment: Date of submission: | Student’s Roll no: Student’s Reg. no: | Evaluation Parameters: (Parameters on which student is to be evaluated- To be mentioned by students as specified at the time of assigning the task by the instructor) | Learning Outcomes: (Student to write briefly about learnings obtained from the academic tasks) Declaration: I declare that this Assignment is my individual work. I have not copied it from any other student‟s work or from any other source except where due acknowledgement is made explicitly in the text, nor has any part been written for me by any other person. Evaluator’s comments (For Instructor’s use only) General Observations Suggestions for Improvement Best part of assignment Evaluator‟s Signature and Date: Marks Obtained: Max. Marks: ………………………… ABSTRACT: Sir Richard Branson is the Founder...
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...Team Collapse at Richard, Wood, Hulme, LLP EXECUTIVE SUMMARY SITUATION ANALYSIS Established in 1998 by Chris Richard, Gemma Wood and Lauren Hulme, Richard, Wood and Hulme LLP (“RWH”) is a financial services firm offering audit and taxation services to its clients with a mission of delivering excellent service and improving clients’ internal controls. Being a “team player” is an essential trait of a RHW employee because client audits are completed by teams. The client fee is flat, so the more efficiently and effectively the team members’ work, the higher the margins the firm realizes. The firm does not tolerate those with poor teamwork behaviors as evidenced by the fact that RWH has terminated only a handful of employees since the firm’s inception, and those terminations were mainly because those individuals were not able to work effectively in teams. The case is set in the Fall of 2008 at the height of the North American financial crisis and at a time when some of RWH’s clients are filing for bankruptcy and others are demanding reductions in audit fees. During this difficult economic time, RWH is opting to maintain existing staffing levels and as a result is losing money. However, RWH views an event scheduled to occur in 2011, the conversion of Canadian financial reporting standards from GAAP to IFRS, as an attractive business opportunity and wants to maintain its current staffing level to take advantage of this future opportunity. During the Fall of...
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...Richard Russo’s memoir, Elsewhere, provides a son’s narration of a lifetime of adventures and tribulations with his mother, Jean. The piece also provides an ideal case study of development, experiences, challenges, and transitions across the adult phases of the human lifespan, thereby allowing for an application and analysis of adult psychology theories and concepts that are commonly presented in more objective and less narrative works. First, attention will be paid to the roles and relationships that Richard and Jean Russo establish throughout their lives. Then, cognitive aging and decline will be discussed in relation to Jean’s physical and mental health and her dementia. Richard’s role as Jean’s primary caregiver will be studied through...
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...Sir Richard Branson, Chairman, Virgin Group, LTD . Case Study BUS520 Dr. Sue Lowe December 4, 2012 Abstract Sir Richard Branson was born in Stowe in the United Kingdom in 1950; Branson first business venture was a student paper, which that started him at the age of 16. Sir Branson started this after he had decided to drop out of school. The decision to drop out of school might have been initiated by his seemingly troublesome period in his elementary school. He has a diagnosis of being dyslectic and he also performed poorly in school. Well in the 1970s Sir Branson started a mail order business and later on he started a record label then two years later the business was expanded with record stores named Virgin Records. The Virgin brand grew during the 1980s and 90s and Branson ventured into a airlines and called it the Virgin Atlantic Airways and also started a Virgin record label in America. In 2005 Branson started Virgin Galactic, a space tourism company, where the intention was to eventually reach orbital trips around the globe as well as going to the moon. Well as of Today the Virgin brand has over 200 different businesses, which is great. Sir Branson has differnet leadership models. He is differnet from others in so many ways. Sir Richard Branson is determined a very determined man with many leadership traits...
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...Contents Executive Summary: 2 1. Personality: 4 1.1 The Big Five Personality Factors of Richard Branson: 4 1.1.1. Expression style 4 1.1.2. Interpersonal style 4 1.1.3. Work style 5 1.1.4. Emotional style 6 1.1.5. Intellectual style 6 1.2 Myers Briggs Type Indicator of Richard Branson: 7 1.2.1. Extrovert: 7 1.2.2. Intuitive: 7 1.2.3. Feeling: 8 1.2.4. Perceiving: 8 1.3 Personality Traits of Richard Branson: 9 1.3.1. Locus of control: 9 1.3.2. Authoritarianism: 9 1.3.3. Dogmatism: 9 1.3.4. Machiavellianism: 9 1.3.5. Risk Propensity: 9 1.3.6. Self-Esteem: 9 1.3.7 Self-Monitoring: 10 2. Secrets of Success 11 2.1. He enjoys what he does 11 2.2. He creates Something That Stands Out 11 2.3. He Creates Something That Everybody Who Works For Him Is Really Proud Of 11 2.4. Be a Good Leader 12 2.5. Be Visible 12 2.6. Be Calculative 12 3. Success in Other Businesses 13 4. Conclusion: 14 Executive Summary: Sir Richard Branson, one of the Britain’s richest men, born on July 18, 1950 in England, left school at the age of 17 because of his unrecognized dyslexia made teacher assume that he will “either go to prison or become a millionaire”. Richard Branson, one of the outstanding business personalities of our time, is a risk taker who has never allowed setbacks to block his road to success. He points himself as independent, stubborn, cunning, a team player, affectionate, irreverent towards authority and competitive. Branson consider his business and personal...
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...should be left justified, with the page number right justified. For example: Tarplain, B PSYCH 6401-8 Industrial/Organizational Psychology | Save a copy of your assignments: You may need to re-submit an assignment at your instructor’s request. Make sure you save your files in accessible location. | | PSYCH 6401-8 | Audrey Rabas, PhD | | | Assignment #7 | Analyze A Charismatic Leader | | | | | Academic integrity: All work submitted in each course must be your own original work. This includes all assignments, exams, term papers, and other projects required by your instructor. Knowingly submitting another person’s work as your own, without properly citing the source of the work, is considered plagiarism. This will result in an unsatisfactory grade for the work submitted or for the entire course. It may also result in academic dismissal from the University Faculty Use Only Sir Richard Charles Nicholas Branson, born July 18, 1950, is an English entrepreneur and financier (Finkle, 2011). Sir Richard Branson is the founder of Virgin Group, which is composed of more than four hundred companies (Finkle, 2011). He started his first business at the age of sixteen—which was a magazine called Student (Finkle, 2011). He set up a mail-order record company in 1970 and...
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