Business - Leadership and Change Essay Example | Topics and Well Written Essays - 1000 words

Business - Leadership and Change - Essay Example Hence, a viable leadership in a contemporary scenario comprises of a talent for fluidity and adaptability aimed at recognising the need for change and then the potential to lead change (Mullins 2004). Therefore, the capability to create, manage and lead change is of immense importance in the contemporary leaders. Such a versatile mode of leadership rests on a plethora of apt abilities like a viable vision, the power to inspire, effective communication, emotional intelligence and appropriate conflict resolution skills (Kotter et al. 2006). Effective leadership most of the times rests on a sound and solid vision (Zaccaro 2001, p. 106). However, the term ‘vision’ here does not mean a chunk of imaginary green cheese, which is conceptualised by a leader, sans any concern for the aspirations and opinions of one’s followers. In contrast, ‘vision’ comprises of a set of reasons, which could lead to a better future in an individual and organisational context an d which could be easily grasped and adhered to by personnel placed at all levels within a set up (Zaccaro 2001, p. 106). The hall mark of an effective leader is that one is capable of coming out with a vision with which each and every follower could identify with and commit to. It is only when individual followers see a personal stake in the collective vision that they go beyond their capabilities and stamina to make it a reality (Zaccaro 2001, p. 106). For instance, John F Kennedy came out with a vision to place a man on the moon (Barnes 2005, p. 154). The eventual success of this vision could be attributed to the fact that it extended something to aspire for and be proud about to every individual American (Barnes 2005, p. 154). Inspiration lies at the foundation of an effective leadership approach (Adair 2002, p. 110). Great leaders do always have the ability to inspire others to follow them. Yet, the biggest asset of an inspiring leader is that one is always willing to live the c hange that one intends to bring about (Adair 2002, p. 110). It is one’s passion to engage oneself in all the aspects of a change that one desires to bring about that makes the other followers reach the heights of performance (Storey 2004, p. 113). The leadership style of Gandhi was best known for his ability to inspire others through personal example (Adair 2002, p. 322). The one big thing about Gandhi was that he was always the first to adopt the change that he aspired to bring about in the society (Gandhi 2006). Such an approach most of the times succeeded in inspiring his followers to engage with his vision of change in a sincere and selfless manner (Gandhi 2006). A successful leader by necessity needs to be really good at communicating his vision (Kirkpatrick 2001, p. 47). However, as usually understood, communication is not merely about a drab exchange of prosaic ideas and information between a sender and the recipient. Communication is something much more than that. It is about the ability to exchange ideas and information with all the essential passion and emotions hovering around those ideas (Kirkpatrick 2001, p. 48). In leadership, communication is not merely about informing but also about moving, inspiring, motivating, energising, pacifying, and a range of other abilities, as and when required by a particular situation or challenge. Communication is about bringing in that essential human element in the exchange of information and ideas, which has the ability to wrest

Financial analysis project guidelines Research Paper

Financial analysis project guidelines - Research Paper Example The first market is the Americas market segment. The second is the Europe market segment. The third is the Middle_East & Africa market segment. The last major market segment is called China/Asia Pacific (Starbucks, 2015). Starbucks’ financial statement ratios firmly describe the company’s viable two year financial performance. The above table 1 shows the abstract of the financial performance of Starbucks for 2013 and 2014. In terms of the current asset financial statement ratio, the company’s 2014 financial performance was better than its prior 2013 financial performance. In terms of the Debt to Equity or leverage financial statement ratio, the company’s 2013 financial performance was better than its 2014 financial performance. In terms of the Net Profit Ratio financial statement ratio, the company’s 2014 financial performance was better than the 2013 financial performance. In terms of the Return on Equity financial statement ratio, the company’s 2014 financial performance was significantly better than its previous 2013 financial performance. The company’s return on total assets financial statement ratio, the company’s 2014 financial performance was better than its prior 2013 financial performance. The above table 2 shows the current ratio financial statement performance of Starbucks for 2014 and 2013. The 2014 current assets, $ 4,168.70 million figure represents 137 percent of the 2014 current liabilities, $3,038.70 million. The 2013 current assets, $ 5,471.40 million amount is 102 percent of the 2013 current liabilities, $5,377.30 million. Clearly, the company’s 2014 current ratio financial performance is significantly better than the 2013 current ratio output. The two years’ performance shows there are more than enough current assets available for the payment of the current liabilities (Epstein, 2011). It is highly recommended that Starbucks branches should further increase its current ratio financial

Epistemological Beliefs Essay Example | Topics and Well Written Essays - 2000 words - 10

Epistemological Beliefs - Essay Example From this paper it is clear that the rule operates on personal rules and philosophies. It states the nature in which a single individual operates and make decisions should not be influence by an external forces and the third party. In counselling and psychotherapy the psychotherapist and the counsellors should not influence the nature in which the patients make decisions based on their conditions. The therapist should respect the rule in autonomy and design the environment that that assist the patients to make informed decisions. There comes a time when the psychotherapist or the counsellor is caught between the patients’ right o make autonomous decisions and their beneficence duty. In the scenario the patient may choose to go against the psychotherapist prescription. In matters like these the patients may the priority and upon evaluation and identification of the patient’s autonomy rule the psychotherapist has no choice but to respect the patient’s decisions.

Implementation Barriers and Policy Design Deficiencies Research Paper

Implementation Barriers and Policy Design Deficiencies - Research Paper Example t the idea of prison privatization would assist the federal government to cut down its prison management costs and improve the efficiency of prison management. On the other hand, private firms perceived this policy as an opportunity for further business expansion and therefore they involved in simple contracting services for the complete management of prisons. However, the proposed policy could not meet its aimed objectives due to a number of reasons. This paper will critically analyze the prison privatization policy and assess the degree and scope of its deficiencies using the evaluative and explanatory reasoning approach. The US federal government has been experimenting with prison privatization for over 30 years. As McDonald, Fournier, Russell-Einhourn, and Crawford (1998) point out, privatization of prisons was publicly established in the United States in 1984 when the Corrections Corporation of America (CCA) was contracted for the entire management and control of a prison facility at Hamilton County in Tennessee. As McDonald et al (1998) point out, it was the first time a government in the United States offered a compete takeover of a prison to a private operator; and subsequently in 1985, the CCA was further offered a contract to take over the Tennessee’s complete state prison system for $200 million. It was a marked event in the US prison privatization history as this contracting declaration influenced other US states to research more on this practice. However, the Tennessee’s proposal was defeated by the skepticism of regulators and public employees’ strong opposition. Desp ite those initial struggles, since then CCA has well expanded its business in for-profit prison. Official data indicate that US private sector operates ‘153 correctional facilities including jails, prisons, and detention centers with a capacity of more than 119,000 as of December 2000’ (cited in Miller, 2010). ‘Evaluative and explanatory reasoning’ is a general policy

Business Process Management Essay Example | Topics and Well Written Essays - 3000 words - 1

Business Process Management - Essay Example Here, business management process do involve the human interaction actions such as placing orders, the ability to work with multiple applications and lastly the capabil.ity to handle dynamic process changes and rules. The following are important components in business process management they include; process modeling where depiction of a process will become apart of application that is able to control the performance of business when it is run. Technologies involving systems and web integration, here data is enabled for retrieval and display in the web browser. The above enables individuals to orchestrate the pertinent people in the processing of the legacy application into one’s process. Optimization process is also pertinent since individuals as well as dynamic change has been difficulty as per the history (Galambos 97). Optimization has had a great challenge pertaining ownership and visibility in the process that is vital to span departments that are functional or business units. It is worth noting that business has the capability of changing faster than the update rate of the Information Technology, this cause the stifling of the innovations, performance, and growth. Of late, web browsers have been perverse, and further there is emergence of the simplified integration of technological applications as the XML/SOAP. However, this has made it possible for the IT to deploy supportive technology across the functional business processes, organization, and technical silos. Business process management is an application that many enterprises be it small ventures or giant ventures should follow to rectify some challenges pertaining growth of business. Business process management and application provides the following tools; model to business analysts the process return product and rules of the business that bears mandate in controlling the behaviors of the whole processes. More

Experimental Designs II Statistics Project Example | Topics and Well Written Essays - 750 words

Experimental Designs II - Statistics Project Example Blocking however has a number of disadvantages to a research initiative. It is not appropriate for large number of participants as large sizes reduces the design’s efficiency. Another disadvantage of blocking is in its rigidity with respect to homogeneity as it is not appropriate for populations or samples with extremely diverse features. â€Å"Interactions between block and treatment effects† also contribute to experimental error, discrediting reliability of the design (Hawai, n.d., p. 1). A factor refers to an independent variable that is manipulated in the research process and can be subjected to different treatments to generate a variety of factor levels. Using factors benefits an experiment by providing a basis for comparison of different treatments as each factor or factor level is subjected to a different treatment (Stat, n.d.). Mains effect refers to the variation of means across factor levels within a given factor. It considers a factor level mean and compares it with means of other factor levels to determine existence of significant difference. Interaction effect however considers variation of a factor level mean across levels of another factor in a ‘multi-factored’ design to determine existence of significant combined effects among factors in a design (Stockburger, n.d.). Covariate refers to a control setup in an experiment and reduces noise by predicting outcomes of the dependent variables. This helps in identifying outliers for appropriate measures (Druckman, Greeen, Kuklinski and Lupia, 2011). Tradeoffs define compromises that must be made in an experiment. Experimental tradeoffs are for example realized in validity. Ensuring both internal and external validity is a tradeoff that must be made with respect to sample size and sampling technique because strict focus on achieving one type of validity undermines the other. Practicality is another experimental trade off that considers research methods that call for adjustments to ensure

Service operation management Essay Example | Topics and Well Written Essays - 750 words

Service operation management - Essay Example = 675 + 675 = $1,350 4. Modern inventory management approaches Two of the modern inventory management approaches are Just In Time (JIT) inventory management (Wikipedia, 2007) and Vendor Managed Inventory (Wikipedia, 2007). a. In JIT system, the inventory is reduced and hence the associated cost of keeping the inventory. The inventory is ordered at the re-order point, this saves warehouse space and cost and increases return on investment, quality and efficiency. A drawback of this approach is that re-order level is determined by historical demand which may not be the accurate forecasting measure. This might lead to inventory depletion and customer service issues. Another drawback is that the system becomes vulnerable to supply shocks; that is, a sudden increase in the price of inventory item. This may disturb the budgets. b. Vendor Managed Inventory is a model where the buyer provides certain information to the supplier who then takes responsibility to maintain an agreed level of inventory for the buyer. This model was successfully used for some time but it makes the buyer too dependent upon the supplier or availability of raw materials and inventory items. 5. a. H = hC = (0.1)(90-5) = $8.5 Q* = {(2)(S)(D) / H }1/2 = {(2)(25)(4,000)/8.5}1/2 = 153 units (approximately) Since, Q* Hence, the optimal order size in this case is 500 units. b. H = hC = (0.1)(90-6) = $8.4 Q* = {(2)(S)(D) / H }1/2 = {(2)(25)(4,000)/8.4}1/2 = 154 units (approximately) Since, Q*The inventory is ordered at the re-order point, this saves warehouse space and cost and increases return on investment, quality and efficiency. A drawback of this approach is that re-order level is determined by historical demand which may not be the accurate forecasting measure. This might lead to inventory depletion and customer service issues. Another drawback is that the system becomes vulnerable to supply shocks; that is, a sudden increase in the price of inventory item. This may disturb the budgets. b. Vendor Managed Inventory is a model where the buyer provides certain information to the supplier who then takes responsibility to maintain an agreed level of inventory for the buyer. This model was successfully used for some time but it makes the buyer too dependent upon the supplier or availability of raw materials and inventory items. Since, Q* Since, Q* < 1001, hence if we order 154 units, the discounts can not be taken. If 1001 units are ordered, the discount of $6 can be obtained per unit.