How the process of leadership may be used in order to maximise Essay

How the process of leadership may be used in order to maximise potential of the organisation and its employees - Essay Example This is as far as the investigation carried by Stephen A. Cohen and some of his employees at SAC Capital Partners on the same is concerned (Fisher et al.1992, p56). They found out that Goldman Sachs moved aluminum around from one warehouse to another so that they can improve their market position and at the same time increase their prices to consumers. Such kind of events imposes a major impact on peoples’ trust in financial institutions. The survey indicates that nearly eighty percent of Americans has a great mistrust for the big banks and that close to two-thirds of the Americans think that the corporate corruption is much widespread among the banks in the US as well as across the globe. There has been a significant increase in both the figures in the level of mistrust for the banking industry exhibited by Americans a few years ago (Yukl,2001,p65). This loss of trust is very costly on the part of banks because it is normally expensive and wasteful to regulate and monitor sys tem when there is no trust among the stakeholders. This is so because market competition cannot easily be an efficient substitute for integrity and trustworthiness. Another event that has led to the loss of trust is the disappearance of banking proper goal. At first banks main goal was to maximize stakeholders’ welfare but the banks have greatly transformed and are now only interested in maximizing the shareholders wealth by just concentrating on accumulation of profit and personal wealth. Loss of trust among customers was largely brought about by leadership styles adopted by the banks. The main reason is the agency problem whereby the Conflict of interest between the management and the shareholders exists. And management, therefore, engages in activities that pose a high financial gain to them as in the case of insider trading. They enter into agreements that increase the shareholders’ wealth at the expense of other stakeholders (Kotter,1996, p34). To maximize the pro fits, they charge exorbitant interest rates to customers. These autocratic leaders formulate policies on their own and then tell the employees what need to be done without involving them at all. This kind of leadership does not put leaders to task and therefore they cannot easily be monitored or commented upon (Isaksen & Tidd, 2006, p52). Staff, on the other hand performs the tasks as assigned to them which may perhaps even be poor and unsatisfactory services to bank customers. These poor services rendered to customers make them develop a negative image and even mistrust to bank. In addition, lack of employee involvement in the formulation of objectives leads to low motivation and commitment. This in turn lowers the returns for banks and therefore huge layoffs of personnel may occur to help reduce the operational costs. Leadership styles adopted to restore trust In order to solve the problem and maximize the potential of the organization and its employees, the banks should use trans formational leadership. A transformational leader is that who motivates the employees, enhances their morale and performance through a variety of mechanisms such as connecting the employee’s sense of identity and self to the project and the collective identity of the organization (Northouse, 2010, p53). He challenges the employees to take greater ownership and responsibility for their work and understands their weaknesses and strengths. This allows the leader to align the

Cross Cultural Awareness for Business Essay Example | Topics and Well Written Essays - 2000 words

Cross Cultural Awareness for Business - Essay Example Essentially, culture refers to the traditions, set of values, and norms or practices that tend to influence the ways in which individuals behave, think, make a judgement and also their perceptions within a group setting. The perception that employees may have about an organization tends to influence the way in which they tend to complete organizational tasks that may not be in line with the deadlines. This brings about the idea of cultural competence that refers to the ability for individuals within an organization to interact in an effective manner with people from different cultures. This may draw from their worldviews and the understanding of other people’s culture’s and also being tolerant of them (French, 2010). Based on this overview, this essay will delve into the emic approach in understanding and managing people in the workplace that have cultural differences by referring to the works of two writers. The focus will be on the value of their contribution to cross-cultural managers and also refer to four countries in which this approach is applied. Ideally, the emic and etic approach is a form of field research performed with the aim of obtaining various viewpoints within a social group from with the observer’s perspective and also from that of the subject at hand. In much detail, the emic approach determines the way in which people from a locality think, they way that they perceive and explain things, the way they behave as per their rules and also the things that bring meaning to them. These approaches to to manage cross culture within the workplace were developed by Kenneth Pike in 1954 to which his suggestion was that when both of them integrate then this is likely to yield more positive results (Ritchey, 2011). The emic approach requires the examining of each culture in order to determine the way in which those applying this approach interpret certain observable facts. The emic approach is drawn from the phonemic term and the etic

Analysis of Video The Birth of Modern Dance Essay

Analysis of Video The Birth of Modern Dance - Essay Example The Birth of Modern Dance†, we come to understand that the choreography of modern dance drew inspiration from themes of everyday life because it was influenced by human activity on a day – to – day basis. In fact, I understood it to be a sort of reflection of society as a whole. However, Modern dance did not remain static during any given period but it evolved and changed shape as changes took place in society, but nevertheless, its roots remained steeped in rebellion or breaking away from anything traditional. â€Å"The Birth of Modern Dance† shed light on how the art of dancing broke its traditional shackles and emerged with a whole new meaning that reflected the Modern dance of today. New thoughts and ideas that evolve as society changes are seen reflected in the Modern dance of today. I also learned that Modern dance is a reflection and expression of oneself and all that they stand for in addition to drawing inspiration from other various dance forms. Modern dance comprises of the freedom of spirit and an exploration.

(just related to the details below) Essay Example | Topics and Well Written Essays - 1000 words

(just related to the details below) - Essay Example The resulting paralysis caused his gradual inability to move, forage and hunt. This, therefore, resulted to Chris’ death from starvation. He died in a converted bus that was used as a shelter in backcountry, near Lake Wentitika (Krakauer 218). Chris was born in El Segundo, California. His family settled in Annandale, Virginia in 1976. This was after his father got employed as an antenna specialist for the NASA. His mother was a secretary at Hughes Aitcraft. She later assisted her husband in a home-based consulting company that he had opened in Annandale. At school, Chris was unusually strong-willed. During his adolescence, he showed physical endurance and intense idealism. He was the team captain of the cross-country team. Chris used to urge his teammates to consider the running exercise as a spiritual exercise of running against darkness forces, all the hatred and evil in the world. Chris graduated from high school in 1986 in Fairfax, Virginia. After the graduation, he travel led he travelled throughout the country using his car. This was one of Chris’ major adventures. His academic success and middle class background acted as drivers for contempt of seeing the materialism nature of the society. In 1990, Chris graduate from college with a Bachelor’s degree in anthropology and history. ... Chris loved reading and most of the people he encountered described him as intelligent. He worked at a grain elevator in Arizona, California. Chris survived being washed away by floods. However, his car was washed out, which made him to dispose off his license plate. In 1991, Chris paddled a canoe in the remote stretches of River Colorado to the California Gulf. He crossed the border and travelled to Mexico, where he got lost in the many dead-end canals. Later, Chris was rescued by duck-hunters who took him to the sea, where he stayed for some time. This made him to take pride in surviving with less funds and gear. All his life, Chris wished for an Alaskan Odyssey, where he would live in the wilderness of the land of Alaskan, free from civilization. He hoped to find his real self while in the wilderness. He kept a journal that described his progress physically and spiritually as he faced forces of nature. In 1992, he was given a ride by Jim Gallien from Fairbanks to Stampede Trail. G allien showed concern for Chris, who showed little surviving the experience in the wilderness and had minimal supplies. He did not even have a compass. He tried to persuade him to defer the trip and offered to give him a drive to Anchorage to buy supplies and suitable equipment. McCandless, however, turned down offer. Gallien allowed Chris to wander off, believing that he would head back to the highway after being struck by hunger within a few days. This was the last time Chris was seen alive. In the wilderness, McCandless came across an abandoned bus that was parked near Denali National Park and was used as a hunting shelter. He started living in the bus, off the land. He had 4.5kg of rice, a semi-automatic rifle, 400 rounds of ammunitions, some camping

Discribe the structure and function to the relevant organ system as Essay

Discribe the structure and function to the relevant organ system as the day progresses - Essay Example In the morning, blood flow to the small intestine will be increased to transport the absorbed nutrients to the liver and then to the rest of the body. Excess glucose will be stored in the liver, muscle cells and adipose tissue. During the walk to work, the cardiovascular system will respond by increasing the heart rate to source oxygen and glucose to the muscle cells. If the nature of the work requires a lot of physical activities, the cardiovascular system will respond in the same way. However, the heart rate will reduce during rest periods (Daniels, 2012, p. 244). In the afternoon, the cardiovascular system will respond to the food intake by supplying more blood to the small intestine to facilitate absorption of nutrients. Excess amino acids will be broken down in the liver and the wastes transported to the kidney for excretion while the rest will be transported to the cells which require them. During the snack after lunch, more fluid will be absorbed in the colon and kidneys to replace fluids lost during the day. In the evening, the cardiovascular system will respond to the exercise training and walk by increasing blood flow to the muscle cells. Increased supply replenishes the lost water and electrolytes in the muscles, thus preventing rapid muscle fatigue. During supper, the blood supply will be concentrated on the digestive tract to facilitate absorption of nutrients from the small intestine and water from the colon. The digestive system also plays an important role during the day. Its main function is to break down complex food particles to simpler forms that can be easily absorbed in the body. In the morning, blood glucose levels are low due to the night spent without food intake. As a result, the stomach will send signals to the brain to stimulate hunger. After the food has been ingested, digestion will take place, and the body will absorb the glucose from the breakfast meal to be used as a source of energy for

Answer 5 questions - do not need MLA style Essay

Answer 5 questions - do not need MLA style - Essay Example Models could be easy or difficult to understand depending on the company’s flow of transmission of value for consideration. The level of complexity in a model could be the deciding factor for investment by an investor. (Ritchie)Moreover, unless one comprehends a company's business model, one would not know what the drivers are for future growth, and he will leave himself susceptible to being blindsided. For instance, Warrant Buffet never invested in an IT firm because he was unable to comprehend their business model. Competitive Advantage   Another key aspect is the identification of company’s competitive advantage over others. An investor is particularly interested in long-term success of the company and to reach that he needs to know which element would keep the company’s performance better than others. For instance, Wall-Mart possesses competitive advantage in price of the product. It means that it provides the product in the lowest price and no competitor c an beat them in a price war. Ultimately, if a company achieves competitive advantage, then its shareholders will be rewarded for decades. Management   A company cannot reach its objectives and cannot implement its business model if the leaders of the company fail to execute a plan. This information is present on the website of each company but it’s always sugar coated and one would not find anything useful on the site. Therefore, some ways to get a feel of management would be through a. Conference Calls- talk between CEO and CFO could reveal results. b. Management Discussion and Analysis (MD&A)- compare what management has said previously and what are they stating today. c. Ownership and Insider sales- If management holds share options then you have confidence that they will do well. d. Past Performance-identify companies CEOs have worked in the past and their performance. Corporate Governance   An important thing to analyze is the compliance of governance policies and ap plicable government regulations (such as the  Sarbanes-Oxley Act of 2002) by the company. Corporate governance policies normally cover a few general areas: structure of the board of directors, stakeholder rights and transparency of financials and information. As an employee, it is imperative that these factors are taken into consideration. An employee as well as the organization would like to share similar values. If the organizational culture is based on honesty and integrity, then a person with unethical behavior would not sustain for long. Therefore, employees’ actions should be in-line with the company’s competitive advantage and core values to benefit him as well as the organization. Moreover, an employee should know before entering a firm about its business model. There may be actions by the company which are against the values of the employee. Before the burn gets exacerbated, preventive measures should be taken. Furthermore, employee should consider the style of leadership practiced in the organization. If the company follows a bureaucratic structure, then the employee should be prepared to work hard on flattering his/her bosses. These aspects are not given equal weight ages in every company. However, all these factors are always considered by company’s stakeholders before jumping on to the decision. From an employee’s perspective, management’s role should be the factor to be analyzed closely. Usually, employee turnover is caused neither because of company’

There is still considerable merit in adopting essentially a boosterism Essay

There is still considerable merit in adopting essentially a boosterism approach to tourism planning. Discuss - Essay Example In most cases, boosterism is often considered a negative aspect of tourism promotion because not all information that is given concerning various destinations may necessarily turn out to be true. Despite this being the case, it is necessary to use it to attract potential tourists because the latter often want to see life or places, which are different from their own. Therefore, while boosterism is sometimes seen in a negative light, it is an essential part of tourism planning because it brings previously obscure areas into the limelight. One of the biggest concerns of tourists before they visit any country is often political stability and this is because of their need to guarantee their personal safety. In the modern world, with the likelihood in the incidents of terrorist activities, many potential tourists have become discouraged from visiting certain parts of the world. It is for this reason that some countries, especially those likely to be affected, have come to adopt boosterism to make sure that they remain attractive destinations for tourists. Furthermore, this type of promotion makes possible the development of effective planning to ensure that the security of tourists is guaranteed under all circumstances (Dredge and Jenkins, 2006, 29). Therefore, using boosterism, countries are able to create an image of themselves where their political situation is perceived as being among the most stable in the world and it is for this reason that they come to be considered as interesting places for tourists to visit. Fu rthermore, there has been a recognition that many individuals tend to avoid those countries whose democratic credentials are questionable because they believe that to visit those countries would be to indirectly support their autocratic governments (Burns, 1999). Because of such perceptions, most governments, especially