...Few things are more important to human activity than leadership. Effective leadership helps our nation through times of peril. It makes a business organization successful. It enables a not-for-profit organization to fulfill its mission. The effective leadership of parents enables children to grow strong and healthy and become productive adults. The absence of leadership is equally dramatic in its effects. Without leadership, organizations move too slowly, stagnate, and lose their way. Much of the literature about organizations stresses decision-making and implies that if decision-making is timely, complete, and correct, then things will go well. Yet a decision by itself changes nothing. After a decision is made, an organization faces the problem of implementation—how to get things done in a timely and effective way. Problems of implementation are really issues about how leaders influence behavior, change the course of events, and overcome resistance. Leadership is crucial in implementing decisions successfully. Each of us recognizes the importance of leadership when we vote for our political leaders. We realize that it matters who is in office, so we participate in a contest, an election, to choose the best candidate. Investors recognize the importance of business leadership when they say that a good leader can make a success of a weak business plan, but that a poor leader can ruin even the best plan. 10 The Importance of Leadership Who Will Gain from Leadership? Do you want...
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...External/Internal Factors Paper Stephen Begani, Warneshia Wallace, Wendy Dunn University of Phoenix MGT/330 Management: Theory, Practice and Application 19 October 2009 The Aerospace Corporation known as Boeing has a tarnished reputation because of continued charges of unethical conduct, and fraudulent claims during “Go Green” commercials. However, this corporation is starting to resemble a phoenix rising from the ashes under the leadership of the new CEO Harry Stonecipher. Boeings corporate social responsibility and ethics have historically varied from good to bad to now worse, with the resignation of Philip M. Condit. Mr. Condit; as Boeing CEO was charged with unethically recruiting employees from the defense sector, while they were still employed with the federal government. He allegedly used there contacts inside the state department to win multi-billion dollar contracts, she is also charged with inflating the price of said defense contracts. Darleen Druyun pleaded guilty to boosting the price of the defense contract to gain favor for her future employer. 2004, Ms. Druyun was awarded nine months of jail time for her part in the scandal. On top of jail time she was fined $5,000, and sentenced to three years of supervised release. In 2003 Lockheed Martin sued Boeing; charging them with industrial espionage stating the company had stolen proprietary information to win another defense contract. The Boeing Company was fined by the U. S. Air Force, for conducting...
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...Discuss the Psychology of Fashion with a special focus on its Dynamics. Ever wondered why it is so important for the most of us to have a closet full of clothes? Or why when you meet someone, your mind develops a perceived personality of the person based on how he looks and then our behavior towards them changes accordingly? A study conducted by Karen Pine in 2011 revealed that minor clothing manipulations gave rise to significantly different first impressions of the man. The study by Christman & Branson (1990) further supported this theory as they studied the perceptions formed by recruiters during job interviews. These revelations further trigger a number of questions in mind such as, how dress is used by humans to shape their behavior with others on a daily basis. How the dress one wears changes with a change in social positions, a fashion model might be a mother and the style she adopts in these two areas of her life, (at work and at home) may be different. This article tries to answer these questions. In 1992 Mary Ellen Roach-Higgins and Joanne Eicher noted two basic reasons behind wearing a dress. They said that a dress acted as a body modifier which acts as an interface between the body and the social and the environmental changes in the surroundings. Examples of using dress for the purposes of physical protection include wearing gloves to protect hands from the cold, applying lotion to protect skin from the damaging effects of the sun, or wearing polish to...
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...Business ethics for corporate growth: A case study of Infosys in India “To achieve our objectives in an environment of fairness, honesty and courtesy toward our clients, employees, vendors and society at large” Mission Statement of Infosys. Starting in 1981 in Bangalore, India with seven colleagues who dared to dream and who were lucky to be among the first in the economic liberalization of India in 1990s, Infosys has crossed billion dollars in revenues in 2004.The company has maintained a consistent growth and built a global company providing turnkey software development. There are many businesses that succeed-the unique factor about Infosys is in just over two decades it has built a brand known for ethical standards both inside and outside in the marketplace. The hypothesis of this paper is that corporate ethics promotes and inspires competitive advantage in a burgeoning marketplace. Ethics in Corporate governance means the parameters which a company sets for itself for its functioning. Transparency and disclosures about accounts as well as other important issues have to be communicated to the stakeholders in a truthful and prompt manner. These build up confidence and trust in the marketplace. When issues like Enron and WorldCom hit the headlines, it is difficult to ignore business ethics. As consumers are getting increasingly aware of ethical issues, corporations have to respond to their concerns whether it is related to issues of environment, heath or any other...
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... Jialing GUO Z5027270 Executive summary This report is an overview of my group experiences in the Harvard Everest simulation .Everest simulation is group work of students to use their own background knowledge of management attending to reach the summit of the Mountain Everest. It is required to complete by a group of students and students play one of five different roles on a team of hiker. Each member of the team has their unique goals to complete and there is also a common goal of reaching the Everest summit. During the simulated six-day climb, team members should analyze information on weather, health conditions, supplies, goals and hiking speed, and then determine how much of that information need to communicate with their teammates. Every decision that each member made will influence the team performance eventually. The aim for this simulation is to explore influences on collective decision-making, including opposing interests and cognitive biases, analyze different leadership approaches and team responses. Our group members include Raymond Duong, Anthony Le, James Peter Reid, Jialing Guo, Siqi Liu, Kazuya Ogino and Biljana Popovic. Our team score is 57% at the first time and only 28% at the second time. The quite low score our group earned may because the more risky decisions we made compare with the first attempt and lack of the knowledge of management. This report will summary...
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...Table of Contents Table of Contents2 Introduction4 Expectancy Theory 12 A team is a set of people with a range of different skills that will ideally have objectives that contribute to the overall corporate strategy of the business (The times 100).13 13 Factors Promoting Development of Effective Teamwork in Organisations13 Communication14 Diversity14 Evaluation of the impact of Technology on organisations (LO 4.3) 14 Conclusion 14 Bibliography14 Guy’s and St Thomas Hospital17 John Lewis Partnership17 Organisational Culture18 CONCLUSION19 Bibliography19 Executive Summary This report is for the principal of City College, Mr Wakefield as they are preparing to take over Abbey College, a college that, due to recession, it went into administration. It will start with a comparison between different organisational structures and cultures and will continue with an explanation on how the relationship between structure and culture can impact performance in a company. I will discuss the factors which influence individual behavior at work. I will also compare the effectiveness of different leadership styles and will discuss the impact of these styles may have in organisations. I will continue with explaining how organizational theory underpins the practice of management and I will evaluate different approaches to management used by different organisations and will compare the application of different motivational theories within the workplace. I will also...
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...be made. Introduction G4S is one of the top worldwide integrated security Companies that specializes in providing security products, services and solutions. It is active in over 120 countries and is the biggest employing Company quoted on London stock Exchange having over 618,000 workers and a secondary stock exchange listing in Copenhagen. It mainly specializes in outsourced business processes and amenities in regions where security and safety hazards are deemed a strategic threat. In risk assessment and delivery, G4S works in partnership with governments and other organizations to offer incorporated solutions to the security threats. It as well, protects rock stars and sports stars, individuals and property, together with some of the world’s important buildings. In addition, G4S provides security services of delivering cash to bank branches, pay packets to ATM’s, and ensuring visitors have a safe enjoyable experience in ports and airports among many others [ (Corporate Social Responsibility Report, 2009) ]. Background of G4S G4S started in the early 20th century, whereby two enterprising personalities, Philip Sørensen and Marius Hogrefe, founded the guarding company KøbenhavnFredriksbergNattevagt in 1901. In 1950, the Sørensen family consolidated its businesses as ‘Securitas International’. In 1963, Store Detectives Ltd and Securitas Alarms Ltd were set up by the family in the UK.In 1981, the activities of the Sørensen family were split up into Securitas AB (the Swedish activities)...
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...the most powerful emergence of entrepreneurial activity in the world. Entrepreneurs are now described as aggressive catalysts for change in the world of business; individuals who recognize opportunities where others see chaos, contradiction, or confusion. They have been compared to Olympic athletes challenging themselves to break new barriers, to longdistance runners dealing with the agony of the miles, to symphony orchestra conductors who balance the different skills and sounds into a cohesive whole, or to top-gun pilots who continually push the envelope of speed and daring. The U.S. economy has been revitalized because of the efforts of entrepreneurs, and the world has turned now to free enterprise as a model for economic development. The passion and drive of entrepreneurs move the world of business forward as they challenge the unknown and continuously create the future (Kuratko, 2002). Several methods have been used to measure the impact of entrepreneurial ventures on the economy—for example, efforts to start a firm (which may not be successful), incorporation of a firm (which may never go into business), changes in net tax returns filed (reflecting new filings minus filings no longer received), and a substantial amount of full-time and part-time self-employment. According to the Small Business Administration, 672,000 new businesses were created in 2005; the largest in US history (even 12% higher than the infamous “dotcom” explosion). More significantly...
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...Table of Content 1 What is organic growth? 1 2 Why organic growth? 1 Preparing for organic growth 2 3 How organic grow 3 The models included 3 4 Growing pains in organic. 6 5 Transition in organic growth 7 6 Conclusion 8 7 References 9 What is organic growth? In growing process for entrepreneurial business, internal (organic) growth is one of the most important steps for a firm to sustain the growing process. Through the definition and research from Barringer and Ireland (2010), most of the entrepreneurial business use organic grow as their first main growth strategy, when it doesn’t rely on outside intervention. The rate of entrepreneur failure was also mentioned by Scott Shane (2008) that only 50% of the entrepreneur business still alive after the first 5 years. Thus focusing into internal growth would be a strong strategy not only for standing in the competitive market but also is a sustain way of growing for a company in the first step. Why organic growth? In entrepreneur business, the theories from Schumpeter (1962) about the competitive process of capitalism which was not created by timid elements of reducing price but the innovation and creative from inside the firm itself generated overall economic growth and development, have been attracting the attention from even modern economists. Also based on Schumpeter (1962) as the changes are the key factors for growing. A newly start-ups company are more dynamic and making changes...
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...Launching the BMW Z3 Roadster BMW Z3 Roadster was a new product concept that reflected a niche opportunity. The main objective of the Z3 launch was to reposition their German-made, driving performance, tradition bound, and precision engineering cars as more stylish and fun to drive cars in the American culture. This risky movement of changing the brand personality was done using both nontraditional and traditional marketing tools. Some of the nontraditional methods used were movie placement, Neiman Marcus Catalog offer, BMW internet site with “Build-Your-Own-Roadster” module, Press launch in Central Park and Jay Leno Tonight Show. Traditional methods such as TV and Print advertising were also used, while maintaining the nontraditional spirit in them. Nontraditional marketing methods are capable of creating word of mouth which requires no out-of-pocket expenditure compared to more expensive TV advertisements. They are also more cost efficient per dollar spent, especially in BMW’s psychographic segmentation. Moreover, nontraditional media like movie placement give greater exposure and visibility even reaching the two audiences that are hard-to-reach through network TV or print: foreign viewers and young people. The positive feelings about the movie and movie stars can also be transferred to the brand, ultimately building the overall brand equity. These methods are more credible, unique and impactful as they are generated by the public...
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... Abstract Those with bipolar disorders have changes in mood that effect energy and personality which are more severe than most individual have each day. These changes can cause difficulties with those at home or at where the individual is employed. Adults and children have been diagnosed with bipolar disorder. However, often it is view as depression in children rather than bipolar disorder. If a family member is diagnosed with bipolar disorder, it increases the chance of other family members to develop it. Suicidal behavior is common in those with bipolar disorder. Bipolar disorder is treated with medication and psychotherapy for better outcome which is supported by research. By integrating treatment and spiritual integration, the individual with bipolar disorder can make gains in living a full life. . The Bipolar Disorder The condition of bipolar disorder is a mental illness that is well known for its manic episodes. Bipolar disorder is mental health illness in which the brain disorder causes changes in mood that effect personality and energy. Symptoms of bipolar disorder are varying between manic high moods to depressive low mood. These are more severe than the normal highs and lows that everyone...
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...Debunking the Goal Setting Theory Presented to Trudy Dunson, Instructor MGMT 2125, Performance Management By Andrea Smith 10/13/2014 Often times in the business world, organizations become so fixated on the goals they set, that when they begin to go wrong, an organization will invest more into that goal instead of looking for a different path. Oliver Burkeman’s book, “The Antidote: Happiness for People Who Can’t Stand Positive Thinking” devotes a whole chapter to the importance or lack thereof of setting goals. In his book, he tells a story of Chris Kayes who was on the foothills of Mt. Everest at the same time the tragedy that took the lives of eight climbers depicted in the book, “In Thin Air.” Kayes observed even through this tragedy, that the climbers did everything correct based on the goal setting theory; they had a clear goal and worked to achieve it above all else however the results were devastating still. In this example, the climbers ignored the evidence that told them that they should turn away from their goal an instead invested more time and energy which led to their deaths. According to Locke and Latham (2006) as long as a person is committed to their goal and does not have any other conflicting goals, there is a positive relationship between the goal and performance. Unfortunately though, goal setting has been prescribed and not monitored. Therefore, like all prescription abuse, organizations fail to recognize the harm that goals can caused due to creating...
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...international teams are “implemented to constitute to the performance of an organization if the organization with its complex and sometimes rigid structure is not able to achieve this task” (Fink, Neyer, Klling, & Meierewert, 2004). Multi-national/multi-cultural teams are composed of people who belongs to different countries, regions, have different culture, norms, values, tradition, language who unite together in order to achieve a common objectives. Due to the increased popularity of these teams, organizations around the world using the concepts of international teams and as a result a universal culture is shaping with the passage of time that has common universal values, norms of behavior, culture, attitude and perceptions, stereotypes, personality traits and alike. However the formation of this universal culture is in its introductory stage and most of the organizations practicing the international team concept are yet experience the concept of international culture and other...
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...Northern California Sign up for our monthly E-Newsletter Home Local Markets Management Topics Industry Topics Insights Multimedia Events Marketing Programs About Us How an executive coach can help improve employee morale and productivity 03.01.2012 | Northern California Ricci M. Victorio, CSP, Managing Partner, Mosaic Family Business Center As companies continue to try to do more with less, the stress of doing the work of two or more people is taking a toll on employees. And that is making them less productive, less motivated and less likely to do their best work, says Ricci Victorio, CSP, managing partner at Mosaic Family Business Center. “As companies deal with lower budgets and tighten their belts, they are putting ever-greater demands on their employees,” says Victorio. “As an employer, you need to help your employees fill their cups back up, because they are being significantly drained. Whenever you have people being pushed at absolute top levels performing on all 100 cylinders all of the time, they run out of gas. And when they run out of emotional gas, negative behaviors start springing up.” Smart Business spoke with Victorio about how one-on-one coaching with employees can improve morale and help them work better together as a team. What is the value of executive coaching? It can improve morale and provide an internal vision for employees as they ask: What is my value? Why am I here? What am I doing? How can I do it better? Improved morale increases...
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...novelty.” However, this simplistic and broad definition does not help managers and employees understand the characteristics of innovation and how they can manipulate the variables to stimulate innovation. If we look at an organisation that is culture orientated, we can define innovation as a social process, as Goffin and Mitchell (2010, p.8) state that innovation in a cultural context is “the intentional introduction and application within a role, group or organisation of ideas, processes, products or procedures, new to the relevant unit of adoption, design to significantly benefit the organisation or wider society”. Lifeblood Figure 1.1 Peter Drucker, a famous writer and management consultant says that “The business enterprise has two-and only two-basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.” I...
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