...Lori Greiner is an American entrepreneur, inventor, investor, and television personality. Lori is a well-known investor on ABC’s Shark Tank where she helps turn dreams into realities. Forbes writer David Williams states “Lori Greiner, one of the nation’s (and the world’s) most prolific inventors of retail products, has developed more than 350 products and holds more than 112 U.S. and international patents. She is widely acclaimed as “The Queen of QVC” due to her out-of-the-ballpark success in launching new products on QVC”. Lori became an entrepreneur by accident; her degree was in Journalism and Communications. She would often come up with ideas for children’s books that she would put on hold. Lori’s husband Dan inspired her to pursue her dreams of writing a children’s book after seeing a bestseller book similar to her original idea. From this moment she realized that she would not miss an opportunity such as this again. Lori’s next entrepreneurial feat was an earring organizer. After a $300,000 loan, she managed to first get her...
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...making the student feel comfortable. They will make the students feel like they can trust them. A good teacher will be the person a student can rely on with anything, even if it doesn’t deal with school. They will give you the attention the student needs. Even if it means to spend more time going over a subject just to make sure the student understands it. They will help a student focus more, making the student have a greater possibility of being successful. A good teacher will also believe in their student and they will have patience towards them. They won’t just get lazy and not do their job as a teacher. They will be helping their student with the help he/she needs. They will help them get the job done. My current school is W.E Greiner middle school. I would give it a rating of an 8.5 from a one to ten scale. The reason I gave it that rating was because it is well organized. The councilors there have a very nice way of helping their students. The classes are all easy to find. My school may have some problems here and there, but they fix them right away. The teachers are also nice people. They help me with anything that I may have a problem on. I also rated it an 8.5 because as soon as the bell rings to go to my next class, everyone moves fast. The students may stop to talk to their friends but they get to class on time. By the time for lunch the students go in a line to the cafeteria. We also get to sit where we like. One thing that I really like from my school is that...
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...Thema: „Implementation of a MEL-structured organization in an entrepreneur-leaded company with the aspect of Greiners model of organization growth" Prüfer: Prof. Dr. Heidi Hohensohn Table of content Declaration of honour ....................................................................................... II Table of content................................................................................................ III List of abbreviations ........................................................................................ IV 1. Introduction ................................................................................................... 1 1.1 Purpose of the study ........................................................................................... 1 1.2 Methodology ........................................................................................................ 2 2. Basic information .......................................................................................... 2 2.1 Definitions ........................................................................................................... 2 2.1.1 Managers ....................................................................................................... 2 2.1.2 Entrepreneurs ................................................................................................. 3 2.1.3 Leaders ............................................................................................
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... Enabling employees and employers to interact in a complete different way with the introduction of high speed internet, alternative ways to communicate such as Skype calls, allowing the markets to gradually manoeuvre towards further efficiency. As our environment evolves so will our markets, inevitably evolving ‘management’. I believe the change in the art of management in 5 years will be a steady one, however not an enormous one. In, ‘Evolution and Revolution as Organizations Grow’ by Larry E. Greiner, Greiner has stressed the phases firms will undergo while desiring growth however with staggering moments of crisis, as he called ‘revolutions’, that would then be followed by growth which he referred to as ‘evolutions’, this cycle would repeat, however the size of the organisation would develop in a vertical raising direction, with steepness varying firm to firm. Nevertheless, the key to these ‘evolutions and revolutions’ is the change in operation of management. The ideas of Greiner can be related in today’s market, as I mentioned above, from a international view, having integrated globalisation more deeply into the way markets operate, to a more internal view,...
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...conclusion answer the research question in the definition of the problem, explain whether or not the conclusions are appropriate, and detail if there is enough information on the effectiveness of the study. Research process components in the article The first step in the research process is selecting a problem that involves deciding what the research will focus on. Selecting the problem requires research to ask questions and communicate with peers who may also have knowledge of the research topic (Neutens, Rubinson, 2010). The problem selected in the article explains that lack of knowledge, personal attitude, and many barriers among African Americans leads to higher rates that result in not receiving colon cancer screenings (James, Daley, Greiner, 2011). The second step in the research process is formulating hypothesis, an explanation that consists of the researcher predicting the results of the study. Hypotheses are supported by theory or...
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...Change in a Contemporary Organisation At the beginning of the 21st century the forms of change within organisations have been innovatory and a widespread conviction has arisen as to the revolutionary nature to such changes as a sign of the times, (Pettigrew & Massini, 2003). While Tushman & O’Reilly III (1996) argue that the industry level of studies has not been helpful in illustrating the path of organisation’s change, Greiner (1972) outlines a corporate growth model in order to provide a useful framework in understanding organisational change. Psychologists believe that learning as a human behaviour can be defined as the relatively permanent change in actions as a result of experience or practice, (Baars, 1986). Reflecting and highlighting this concept in relation to an organisation it is subsequently essential to look at organisational change from a historical perspective as organisations learn from their own experiences. Thus innovations in terms of evolutionary and revolutionary change occur at each organisational growth level as determined by Greiner (1972). To answer these fundamental questions about the nature of organisational change it is vital to distinguish between two levels of change. Similarly the factors that directly influence organisational behaviour and organisational features that determine these factors should be examined in turn need to be considered. In line with Greiner’s (1972) theory each of the organisational elements and processes are shaped by its...
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...Introduction and OCB Analysis The cost of entry into the private medical practice space is usually too high due to the huge costs to attain required quality of education and the initial costs to set up a medical practice. The Ophthalmic Consultants of Boston (OCB) addresses this issue by providing general administrative and clinical functions for its independent member practices. Asides minimizing cost of operations by sharing common resources, this strategy allows physicians to focus on their strengths and achieve more results in the time they have to work. According to Amar Bhide (Bhide, 1994), The nature of the business is a hustle business and its successes are hinged on the reputation of the medical practices and their ability to attract patients and generate huge referrals from other doctors. By ensuring a high level of quality across its practices, OCB has been able to maintain its reputation in the industry, which is responsible for its growth so far. However, due to its structure, the continued growth of OCB is hinged on the collective growth of all its member practices. Currently, OCB lacks a general growth strategy for the organization as a whole. Also, there is no standardization of procedures across practices and the decision making process is too long. This causes ineffective allocation of resources and increases operating costs. Dr Shingleton’s Practice In order to maximize returns from his practice, Dr Brad Shingleton implemented processes to ensure that...
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...Opdracht 1 1a. PESTLE factoren hebben op een bepaald moment impact op een organisatie zijn formele en informele subsystemen, maar ook op zowel hun componenten als het product of de dienst die ze aanbieden en de markt waarin ze van dienst zijn (Senior & Swailes, 2010). Dit betreft een externe analyse. Al de verschillende factoren die van invloed waren op de snelle groei van Ben&Jerry’s zullen worden toegelicht aan de hand van het PESTLE model. Politieke factoren: - Wetgeving van de overheid: een verdachte wet maakte het mogelijk voor Ben&Jerry’s om aandelen te verkopen aan alleen de bewoners van Vermont, die bekend waren met het merk. Door alleen hen aandelen te verkopen en niet ook aan mensen die niet bekend waren met het merk krijgt Ben&Jerry’s niet te maken met andere belangen en konden zij hun eigen sociale en milieuvriendelijke activiteiten voortzetten. Economische factoren: - Regelingen voor leningen van financiële instellingen: dankzij deze regelingen had Ben&Jerry’s bij het opstarten een kapitaal van $12000, geleend van de bank, die het mogelijk maakte het bedrijf te beginnen. - Vraag van lokale restaurants: de lokale restaurants wilden Ben&Jerry’s inkopen om te verkopen in hun restaurants, wat heeft gezorgd voor (lokale) bekendheid. - Groei van de markt: het super premium segment van de ijsmarkt is groeiende, zo is tussen 1999 en 2004 de ijs categorie met 14% gestegen. Socio-culturele factoren: Deze factoren beïnvloeden zowel de manier waarop organisaties...
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...health promotion, and as such should know the definition. The definition of health promotion varies throughout the nursing field. One such definition is “the science and art of helping people change their lifestyle to move toward a state of optimal health.” (Greiner & Edelman, 2010). This means to help people through teaching to change the way they live to be at their healthiest. Another definition states, “the process of advocating health in order to enhance the probability that personal (individual, family, and community), private (professional and business), and public (federal, state, and local government) support of positive health practices will become a societal norm” (Greiner & Edelman, 2010). This could be construde as encouraging people on a larger scale to live healthier making the normal way to live. Both definitions center around helping people to learn how to live with positive health practices, so that they may live healthier and longer. The nurse is the first line of health promotion. They have to work in many roles to acomplish this. First and foremost they educate. They have to educate good nutrition, industrial and highway safety, immunization, and specific drug therapy (Greiner & Edelman, 2010). To be able to do this for the total population, they have to understand learning styles and teach- learner goals of different patients no matter the age, heritage, or...
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...followed in VRD from last three decades. Change in environment will also lead to change the existing culture of VRD that will involve behavior and thinking of the employees in the company. As per evidence in the case study, issues such as conflicts between departments, slow production, emerging competitors, workers attitude and responsibility, low participative management, no measure to control quality and improve production, no new innovation from employees, workers performing monotonous task and more personal relationship between employees and managers rather than professional. All these issues have lead Lee to implement transformational change in VRD because he thinks that organization is not on right track and needs radical change (Greiner & Bhambri 1989). Lee wants Transformational change. To...
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...Managing Innovation and Change At some point all organisations will face change. These changes may be moderately small, or they may impact significantly across the organisation. They may be as a result of internal developments example of this can be expanding their work staff or changes can be through external developments which can be through the environment or the economy changing which leads the organisations to react to it. The quote stated by (Senior and Fleming) “While the primary stimulus for change in organisations remains those forces in the external environment, the primary motivator for how change is accomplished resides with the people in the organisation” (Senior and Fleming, 2006, p.348). This explains both factors internally and externally are important to consider if you want to manage change effectively in an organisation. There are different types of changes such as 'Grundys' which consists of smooth incremental, bumpy incremental and discontinuous. Grundy’s different types of changes which shows different pattern of lines on a graph showing what type of change is occurring is a useful tool for the organisations to asses and can decide whether it should change or not. The smooth incremental line the organisations are able to predict where it is heading due to the slow pace and not much movement as mostly its heading the same direction. The bumpy incremental line which is relative equilibrium interspersed with accelerated pace of change. The final line which...
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...Chandler Major Claim: Successful firms are the ones that first capitalize on economies of scale and scope, create management structures and invest in research and development which allows them to stay ahead of the competition. Second Claims: Unrelated diversification leads to problems in the long run. Business ownership patterns have diminished the likelihood of many firms’ long term success. Claims: important to invest, be committed/ companies still ignore logic/ pursuing a wide mkt is key/ hard to enter a mkt when there’s already a 1st mover/ company succeed when it dvlps an economy of scale and scope Major Concepts Economies of scale: Doing things on a greater scale makes things cheaper. Economies of scope: Being able to make other things based on the knowledge and materials you have. Functional divisions: Example: Sales, Management, Accounting. Management Hierarchy: Levels of Management. Bosses, ect… First Movers: First to hire managers, to grow, move. Once a firm loses the opportunity to be a first mover, it is difficult to regain competitive advantage. * Confidently seize opportunities through major commitments * Constantly improve and aggressively compete * Manage logically and systematically * “Maintain and nourish their competitive capabilities” Research and Development: New technologies, improving quality, price/cost. Managerial enterprises: build large and efficient pdct capacity, compete aggressively and never let...
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...episode where an entrepreneur got the deal he wanted, but the investors on the other hand were left unhappy. Entrepreneur, Christopher Gray who created the scholarship database company called Scholly went onto Shark Tank to get $40,000 and let the investors get 15% of his company. Scholly is a smartphone app that “matches students with hundreds of higher education scholarships they can apply for” (Feloni). In the end, Gray received not only one, but two investors who invested in his company. The issue in this article was that all investors were interested; however Greiner quickly invested in Gray’s company within minutes (10 minutes real time) without needing any financial information. Greiner’s actions of investing in Gray’s company without needing financials left the other investors feeling like her actions were senseless and irresponsible. This article made me think, if I was an investor was it wise for Greiner to invest quickly in Gray’s company without knowing the financials or how the product they invested in works? Another issue that was brought into this article was the show was not meant to throw money away and be a charity tank. In the end, there was a debate on whether the investment was the result of pity or the business potential. Overall, I believe this article is great for upcoming entrepreneurs to determine whether the investor’s decision to invest in Gray was intelligent or...
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...about environmental technologies VRD needs to change a lot. It will have to undergo major changes. Lee also wants that the business strategy of the company is revived which again calls for some internal changes requiring good contribution. It should be different from what VRD has been following from past thirty years. This will change internal environment with employees' thinking and behavior. There has been monotony in work at VRD if you look at the issues like conflicts between departments, slow production, emerging competitors, workers attitude and there is no measure to control it. Lee is worried about it and is so keen to implement changes. He thinks there is no right track being followed by the organization and needs a good change (Greiner & Bhambri 1989). Lee wants radical change. Integrated strategic change should be implemented by transferring the leadership to middle level managers. Lee must develop the practical leadership skills among the managers to improve performance and to work in challenging environment (Foster & Carboni 2009). The managers should be...
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...Option Pricing, Interest Rate Risk in U.S Diana PĂUN & Ramona GOGONCEA (2013). Interest Rate Risk Management and the Use of Derivative Securities. Economia Seria Management. Retrieved from: <http://www.management.ase.ro/reveconomia/2013-2/4.pdf> The study by these two authors aims at demonstrating how derivative financial instruments can be utilized to prudently manage interest rate risk majorly faced by numerous banks and financial institutions as well as enable the efficient application of monitoring and control tools. There are a couple of risk management methods at the disposal of banks including both balance sheet and off the balance sheet such as the gap method of managing interest rate risk for purposes of controlling short-term rates exposure, combined with derivatives such as options to manage the residual interest rate exposures. Interest rate risks emanate from interest rates sensitivity differentials of capital outflows and inflows. Due to the common view or misconception that high interest rates are the best way of fighting inflation, banks’’ engaging in monetary policy. Financial institutions play a major role in influencing interest rates since they engage in releasing capita to the public by buying assets in the primary markets and selling securities in the secondary market so as to fund purchase of assets. Furthermore, any interest-bearing asset for instance a loan or bond may face interest rate risk caused by changes in the value of assets resulting...
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