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As per Kiselev(2007)“An autocratic leader likes to make decisions himself. This leader relies on personal experience and input he has sought, not the voluntary contributions of others”. This kind of leadership is not viable with the global recession concept as co-operation and co – ordination with all employees can solely achieve long-term success for the business.
There can never be change without forces that oppose it. The forces will strive to bring down the effort towards the realization of the desired change. Obstacles, for instance, can range from people who are resisting change to the structures that the organization has in place that may not be responsive to change.
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Acquisition of Merrill Lynch by Bank of America Table of Contents Introduction 3 Background of the Problem 3 Analysis of Executives’ Behavior 4 Impact of Risks & Consequences Assessment 5 Conclusion 6 References 6 Introduction This essay analyzes the biases in decision-making by a corporation’s senior executives in the light of Bank of America’s acquisition of Merrill Lynch in 2009.
Because of globalization and increased business environments most business owners resolved to cut their costs by employing less people so that their businesses remain flexible and become competitive so that they can endure in the market. The downsizing of workforce occurred in all sectors of the economy, and this changed the loyal relationships employees had with their employers.
Boeing made some key acquisitions to improve its position in the military market, but as a consequence they loss track of the importance of the commercial airplane sector. The market share of the company decreased from 70% in 1996 to less than half that by 2003.
Therefore, organisations require a better recruitment method which can help to gain appropriate employees in keeping with the requirement of organisation. A good recruitment procedure lets organisations to draw appropriate applicants and then to make good forecasts about the possible fit between specific employees and organisational and job requirements (Bach, 2005).
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"Globally distributed teamwork presents a complex context which demands new research approaches, beyond the limited set customarily applied” (Clear and MacDonell, 2011, p.994). Conventional management methods are not applicable in the case of global teams. In other words, existing management styles or strategies are incapable to deal with the problems associated with global team management.
It involves the scientific ideologies that intend to solve human problems and make life simpler. Information technology as part of technologies has experienced most innovations in recent developments in the field of science. Technologies utilize modern communication channels that enhance understanding within organizations (Baste 2002).
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, Literature review
The authors of this book largely dwell on capitalism in the society and this makes the theme of the book. They use different scenarios to prove the existence of capitalism in the past years, and show how capitalism today manifests itself in a different face, which seems friendlier, but is even more deadly than before.
Kotter’s eight step model for change management is taken as the basis for evaluating the success of the change initiative implemented in its Human Resource department. It can be seen that the organization has been successful to a large extent in implementing the same in its existing culture.
The expression "basic ethical principles" refers to those general judgments that serve as a basic justification for the many particular ethical prescriptions and evaluations of human actions. Ethical analysis critically and reflectively examines different viewpoints and arguments on today's ethical issues.
The aspect of diversification brings the function of the managers into focus. This paper intends to examine how organizations monitor social demands in terms of social response mechanisms that fit diverse situations. The managers are directly associated with all activities that surround the organization’s operationalization.
Human Resource professional generally plays an important role in ensuring health and safety of employees in the workplace. In several organizations, safety and health responsibilities stay within the human resource department of the organization. The human resource professionals must follow the following steps in order to meet the responsibilities.
Graham’s company currently faces a series of problems that seem to be related to the following fact: the lack of effective communication between employees at all organizational levels. More specifically, in Graham’s company conflicts have become a daily phenomenon in the workplace. At the managerial level, the lack of awareness of employees’ needs has led to the development of ineffective strategies.
The increase in business opportunities can not only be applicable to the existing organizations, but also to novice companies. Factors that are instrumental for growth in the organization have a direct impact on the economy and on its direct and indirect competitors. Every business organization requires growth for its sustainability, profitability retention, and increase in the market share.
The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation, such as, the board, managers, shareholders and other stakeholders, and spells out the rules and procedures for making decisions on corporate affairs.
However, these advancements in information technology are also responsible for several grave risks from which many organizations can potentially suffer from intense losses. Out of these numerous cybercrimes, hacking is one of the most substantial threats, which can cause huge loss (Wall, 2007).
It is also defined by obedience to the categorical imperative moral law (Capurro, 2008). The theory emphasizes the fact that consistency and universalizability, are based on the law which treats every individual with the same level of respect and also, with the same level of dignity. The acts driven by the categorical imperative are ethical.
Role of Universities in Research and Innovation. Research is important in that it produce knowledge, which is applied inside and outside research setting. It forms a foundation of innovation improvement and policies in all parts of the universe. There are two types of research, the basic and applied research.
Teamwork is considered to be a joint action in which each one’s participation and contribution is required equally. However, the harmonization of each one’s efforts towards a common goal and objective accounts for a major factor for the success of team work.
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, Book Report/Review
Weber, James. (1991). Adapting Kohlberg to Enhance the Assessment of Managers’ Moral Reasoning. Introduction In the article “Adapting Kohlberg to enhance the assessment of Managers’ Moral Reasoning”, James Weber presents a conceptual adaptation of Lawrence Kohlberg’s Standard Issue Scoring method and the Moral Judgment Interview emphasizing on the six stages of moral reasoning (Weber 294).
As the paper is all about risk assessment hence understanding of this concept is foremost requirement. Risk assessment is part of risk management in which level of risk in a particular event or place is calculated. It can be quantitative and qualitative. There are calculations in quantitative risk assessment which includes magnitude of risk and probability of occurrence of the risk event.
This essay discusses that in the SWOT analysis of the Pumpkin, the threat posed by established retail brands like Gap, Gymboree, Next, Billabong, and Mango do have a marked reference. However, going by the recent recessionary trends, the competition in the children’s clothing business is more likely to turn on prices, going by the fact that children tend to outgrow their clothes at a fast pace.
It also reflects on a scrutiny of the difficulties and factors that impact the skill negatively. Availability of sufficient research materials, the analysis will provide information that is reliable and educative in its manner of application. One, at the end of reading this report, should be able to appreciate stress management skills from a wider perspective.
Planning and coordinating projects viii. Measuring and mentoring performance & Quality ix. Developing and Communication a vision x. Motivating self and others xi. Negotiating Agreement and Commitment xii. Conclusion xiii. Reference List Management: Reflection Notes Introduction Management defines the success of a firm since the practice coordinates the firm’s activities.
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Employment-at-will “gives employers broad discretion to fire employees for a good reason, a bad reason, or no reason at all,” (Denton and Boyd 1990). Advocates of this mode of employment see it as a means of managerial efficiency and flexibility, and a motivation to employees to put more effort under competitive situations similar to private sectors.
Human resource management (HRM) is defined as the effective and efficient use of human talent to accomplish organizational goals (Mathis & Jackson 2010). This is reiterated by Ivancevich (2008), that human resource management is the effective management of people at work, through the identification and implementation of actions for improving employees’ productivity and job satisfaction.
In America, this is a national policy authorized under the national hazardous waste law by United States Congress i.e. Resource Conservation and Recovery Act. For environmental management, the Clean Air Act, RCRA and the Pollution Prevention Act prefer to use source reduction and recycling as the best approaches over the disposal, treatment and release of toxic chemicals to the environment.
An organization’s mission statement functions to articulate its overarching aim for existence, such as the firm’s highest purpose. The vision statement is less comprehensive, but more specific; this statement articulates the firm’s upcoming vision of the future.
This cultural difference makes management style across these countries different. In Mexico, there is a general perception indicating the attitude of authority influences how employees behave when entering the workplace. There is an assumption that a manger has to make decisions, assume accountability, and take responsibilities (Morris & Pavett, 1995).
No matter whether a business manufactures some products or provides some services, the operations of the business organization are comprised of all those activities that are closely related to accomplishing the main purposes of the organization. In both the manufacturing and service business types, certain inputs such as materials and labor are converted to certain outputs that are either products or services.
The failure of the mainstream organizations to meet the needs of all stakeholders resulted in critic management systems aimed at solving the major problems associated with the mainstream organizations. The newly advocated organization has to have more emphasis on the worker, ensuring enough space and freedom in the workplace for everyone.
‘Leadership’ is a broad and complex term that is difficult to define in a few words. In simple terms, Leadership can be defined as the effort of an individual to direct and control a group of people toward a goal. For example, Mahatma Gandhi was a leader since he guided India towards independence with the help of the people.
Narrative analysis is a form of research, which determines the pattern of narration of any event or incident. Narrative analysis analyzes experiences or social phenomena through the content of the stories. Baidu is a Chinese search engine and the name takes inspiration from a poem, which was written in the Song Dynasty.
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In the very beginning, coca-cola was a monopoly. This was eventually disrupted by the introduction of Pepsi into the market. The market became an oligopoly type of market. Coca-Cola and Pepsi are the major soft drinks manufacturers in the world. Other companies have come into existence such as RC Cola which is the third-largest soft drink manufacturer in the world (Bodden, 2009).
The cognitive approach is to link goals to motivation. When an individual is already understood how he or she perceives change and has already identified the factors that will motivate the individual to be receptive to change, such willingness to adapt to change should be aligned with the organizational goals.
Outside-in thinking refers to a management approach and philosophy that puts the interest of the client before the capabilities of the organization. Organizations that utilize the outside-in thinking method concentrate on satisfying their clients by consistently and efficiently providing a mixture of outstanding services experience and successful results for clients.
The company created this product, which comprised of green extracts in order to offer consumers a product with vital vitamins for boosting natural energy. The company carried out market research analysis of the present beverage market industries in Indonesia and realized that there was a need to create a product to consumers who lead active lifestyles; thus offering them a product that prevents fatigue and drowsiness.
Generally, the theory encourages leaders to make sure that there are no roadblocks that might hinder their subordinates from realizing both their goals and those of the organization. It also dictates that leaders should incorporate rewards as their employees continue to reach the organization's goal.
This will also involve resources and majorly the performance of external as well as the internal environment or setting. The framework create through strategic management is used to give specifications on the organization’s vision, objectives, mission, and the process of developing policies and strategies or plans targeting programs and projects.
An individuals’ influence on others can be either formal or informal, that is, formal in the sense that the individual has the mandate given by the organization in order to fulfill the organization objectives. While informal, it is self instilled and perceived, as an individual believes that he has the ability to organize and influence others without any authority from the organization or state.
It was clear that there were mistakes made in the approach by the change management and consulting teams – for instance, Kraft had indicated that they would keep Cadbury's Somerdale factory open, then the company reneged on the pledge after the bid, which brought a rebuke from a UK Parliamentary Committee investigating the matter.
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I am going to use the survey method in order to collect data from staff at an ophthalmology center and in this section, the researcher will pen down how the staff of the ophthalmology centers was selected as samples for the survey. Hence, there will be three parts to the research methodology, 1- a description of the research strategy, 2- a description of the sampling strategy and 3- a justification of the data collection instruments.
Generally speaking, it is important to state that Sirkin et al’s article about Change Management may have been short in length in tackling such a complex management topic as change management but the population of their subjects included 225 companies when the study was conducted was comprehensive.
Among other leading UK and global companies listed within UK FTSE 100 is the GlaxoSmithKline Plc. It is a public limited company whose shares are traded within the London stock exchange among other agencies. It is a global company whose main responsibilities are research, manufacturing, development and marketing of pharmaceutical products.
Administration Management Introduction In this rapidly shifting dynamics of the business environment, a firm has no other option but to get accustomed with the changing perspective of the marketplace. Eminent scholars such as Bovey and Hede (2001) have even mentioned that the competitive advantage of a firm lies in the capability of the organization to adjust to the changing situation.
It is a very significant state for the country both financially and economically. “Strategically located near the mouth of the Mississippi River, New Orleans was one of the busiest ports in the US, serving more than 6,000 ocean-going ships annually” (Gagne, 2007, p.2). About 20% of all US exports are done via New Orleans.
The tenets and elements that guide the operations of supply chain management are included in the four fundamentals of supply chain management. A case study of Nike’s application of the above four fundamentals in the production and service delivery processes will be analyzed to provide an empirical illustration of the applications of the fundamentals.
In order to attain sustainability the most essential requirement is to maintain Ethics in and around the organization. Ethics helps to maintain uniformity and prosperity within the employees. As the employees are the prime pillar of an organization it is extremely essential to maintain ethical environment within the organization.
In-spite of being located in Abu Dhabi, it operates successfully in about 56 other locations in the entire Arab Emirates. This is very praiseworthy news that amplified its brand image in the market. Apart from this, Union National Bank is that bank owned by the government of Abu Dhabi as well as Dubai.