...Seven Habits of Effective People Seven Habits of Effective People Emotional Bank Account We deal with others in a way such as we have our bank account in somebody else heart. If we do something great to the person we add our account to them and if we do something bad to them we withdraw our money from 'our bank account'. The good relationship can be built if you have a sufficient emotional bank account to your friends and relatives. And please, be ensure if you withdraw your account don't forget to add additional 'fund' to replace it. Product and Product Capacity A good product can be deliver continuously if we have a good product capacity. Don't drain your resources by forcing them to deliver a good product without maintaining their capacity. So the idea of maintaining capability by relaxation, learning, and other renewal effort is a 'must do' jobs in order to maintain our product quality. PRIVATE VICTORY Habit 1 : Be Proactive A human was created which such great intention, so that he/she actually can determine 'everything' by their own. Proactively is described as an ability to be independent to any circumstances around you. The independency will create a freedom to choose anything in your life but you have to live with the consequences of your choices. An effective person is that a person which focus on their circle of influence using all of his efforts, and by focusing on it he/she will improve it and make it bigger, Those who are not focusing on their...
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...FRE 6123 Final Solutions May 7, 2009 This final was 50% of your grade. Here was the distribution of results: You can pick up your graded final exam from me on Monday if you want. But perhaps you don’t need to. Here are the solutions. 1. (5 points) Basics a. (2 points) Under the Capital Asset Pricing Model: A. Every investor holds the risk free asset only, and none of the market portfolio. B. Every investor holds the market portfolio only, and none of the risk free asset. C. Every investor holds a portfolio with a beta of one. D. None of the above. CIRCLE ONE: A B C D Solution: D. Investors can hold any combination of the riskfree asset and the market portfolio, depending on their particular risk aversion, etc.; so A and B are false. C is false because, for example, an investor holding just the riskfree asset holds a portfolio with a beta of zero. b. (1 point) Asset A has a correlation of 80% with the market, but asset B only has a correlation of 50% with the market. Therefore, asset A has a higher beta to the market than asset B. CIRCLE ONE: TRUE FALSE Solution: FALSE. The beta is the correlation times the asset volatility divided by the market volatility. If asset A has e.g. half the volatility of asset B, then asset A would have a lower beta. c. (2 points) There are 100 different assets. You plot their means and standard deviations, and painstakingly figure out the efficient frontier. You plot the risk free asset and find the tangency portfolio. Now, you...
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...| The 7 Habits of Highly Effective People | An Essay | | | 2/2/2014 | I was inspired by Stephen R. Covey’s, The 7 Habits of Highly Effective People. The 7 Habits have encouraged me to rethink how I was looking at the world and it has changed how I plan to move forward in my life. Covey defines a habit as the intersection of knowledge, skill, and desire. Knowledge is the what to do and why, skill is the how to do, and desire is the motivation or want to do, “In order to make something a habit in our lives, we have to have all three”, (Covey 55). Covey describes the Maturity Continuum which moves us progressively from dependence to independence to interdependence. The 7 Habits are tools which provide an approach to the development of personal and interpersonal effectiveness. Part 1 The first three habits focus on transitioning from dependence to independence, the mastery of self. Each of us begins life as an infant. We are completely dependent upon others to care for us. “They gradually, over the ensuing months and years, we become more independent- physically, mentally, emotionally, and financially-until eventually we can essentially take care of ourselves, becoming inner-directed and self-reliant”, (Covey 57), it is in our nature to transition to independence. Wikipedia.org summarizes The 7 Habits in correlation to each phase, beginning with self-mastery. Habit 1: Be Proactive describes how to take initiative in life by understanding how our decisions are...
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...Running head: PROBLEM SOLUTION: LAWRENCE SPORTS INC. Problem Solution: Lawrence Sports Inc. Veronica S. George University of Phoenix/MBA550 Problem Solution: Lawrence Sports Inc. Lawrence Sports generates $20 million in yearly revenue by manufacturing and distributing sporting goods protective gear for team sports. The main issue with Lawrence is that they depend solely on world leading retailer Mayo for the bulk of their revenue and only have two sources for their materials. The problem begins when Mayo Stores decides not to pay on time leading to major cash flow problems downstream. This paper will look at Lawrence’s financial problem and create a working capital policy that will address their cash management needs for the long-term. Situation Analysis Issue and Opportunity Identification Lawrence Sports’ principle customer, Mayo Stores, is having a difficult time paying for the products on time. The current payment arrangement is that Mayo will pay 20% on purchases and 80% the following week. Mayo depends principally on this revenue from Mayo and it finds itself not being able to live up to the agreements made to their agreements to both creditors and suppliers. The only viable option detailed in the scenario is borrowing from Central Bank. Their plan is to borrow a daily loan for any amount to keep the account minimum of $50,000. Lawrence has reached...
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...The cost to society from the failure of a large, complex bank (what is known as Too Big To Fail) is considerably higher than the cost to society of the failure of a non-systemic bank. This is because of their complex interconnectedness with the other institutions in the market. TBTF banks engage into activities and services with a network of other institutions in such a way that if a TBTF bank becomes insolvent, all those in the network will be at risk. For example, following the bankruptcy of Lehman Brothers, contagion spread by many channels, including prime brokerage, OTC derivatives positions, money market mutual funds, tri-party repo and wholesale funding markets. The cost to society of such failures is tremendous. One example is the increased tax burden on tax payers as a result of governments bailing out those banks. Views including the lack of proper regulation and the engagement in complex finance activities such as CDS have been blamed for the TBTF phenomenon. There have been a number of proposed solutions put forward to tackle the problem of TBTF whether on the regulatory side such as the separation of commercial and investment banking or on the disclosure side such as Basel 1,2 and 3 accords. By critically reviewing the arguments and evidence presented in the literature, this essay determines how effectively the solution of separating investment and commercial banking proposed by regulators of financial markets will deal with the problems of institutions which are...
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...institutions with software solutions. The company’s software solutions help the organizations manage data and the daily transactions that take place. It is a highly productive business within the community hence the competition being very strong as well. Besides APEX, the other major competitor is Computer solutions; however APEX has managed to own thirty five percent of the market in the local region within the industry. Being the two major competitors in the region, both organizations are constantly nipping at each other’s heels. Alex Franklin has been with the company two years and has managed to move up within the company very quickly. His next goal is to be promoted to a senior management position especially since one of the senior managers recently left APEX. Franklin feels the company is waiting for his performance to excel before they promote him again. According to Franklin, he could do this by signing a contract with First Street Bank and therefore persuaded his supervisors to allow him to take over the First Street Bank project. First Street Bank is the largest potential new account for APEX and will help the company financially, prestige wise, and in securing its future. Getting a contract with First Street Bank is not only crucial for APEX but also very important for Franklin in order to finalize his promotion. On the other hand, Computer Solutions is also interested in acquiring a contract with First Street Bank. To add to the situation, First Street Bank decided to solicit...
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...The case at hand pertains to business ethics. Business ethics are the moral principles that steer businesses to act ethically while making sound decisions for the good of the business and making the right choices. This is the main reason why businesses have policies and rules that are followed in their day-to-day operations of the business and if there is a violation depending on the circumstances the individual(s) could be terminated as individuals or fined as a business. Furthermore, if you are working for a company and you are asked to do something that may be unethical weigh your options and make a sound decision accordingly to the benefit of the company and yourself morally. Parties The plaintiffs and defendants in this case are as follows: General Investment Corp. is a corporation based out of New Jersey (Plaintiff-Respondent), Anthony V. Angelini and Delores H. Angelini homeowners (Defendant-Appellants), Lustro Aluminum Products Inc. contracted to put siding on home (Defendant). The Supreme Court decided on June 7, 1971. Mr. Milton argued the case for the appellants, and Mr. Davis S. Baime argued the case for the respondent from Baime and Baime attorneys. Francis J. delivered the opinion of the court. Facts Anthony and Delores Angelini are homeowners that needed work done on their home. Lustro Aluminum Products is a contracting company that does home repair. The Angelini’s entered into a contract with Lustro for repair work on their home on December 10, 1966.” Lustro...
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...III – Solutions 2. Reasons for that high interest rate 2.1. Reason 1 - Sustaining liquidity Since the international financial crisis of 2008, the Vietnamese economy has been not only swept up by the current of global recession but also has struggled with its inherent perennial challenges. Hence, the health of baking system has worsened as well. High inventory levels are attributed to low credit growth and an increase in banks’ bad debts. Many commercial banks have reduced their interest rates after the State Bank of Vietnam (SBV) decided to cut lending rates in more than three years to help local businesses iron out snags in their current economic difficulties. By far, 15 of Vietnam’s 39 commercial banks have reduced their annual short-term loan interest rates to 7.5%, while 14 others have cut their rates for non-term loans to less than 2% per year. However, only those banks with ample liquidity are able to lend to good customers with low rates, but still had idle funds, and watched their loan growth quota remain under-utilized. In contrast, this is not the situation for banks being weak in liquidity, especially some small banks like BacA Bank, whose charter capital is about VND 3,000 billion. Moreover, due to its small scale, it lacks high prestige among households and enterprises to have more depositors than the larger, which forces them to pay high mobilizing interest rate to attract more capital to maintain its deposit base. In order to retain depositors, larger...
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...dynamic and powerful woman. In 1980 she began her banking career. She built its strong reputation thanks to her work in Saint George Bank. In fact, from 2002 to 2007 she worked as Chief Executive Officer (CEO) of the Australian bank Saint George. She was very active for customer service. In addition, she had a strong impact for the profitability and the growth of the company too. Since 2008, she has taken another challenge, which consists in having the same role in another Australian company-bigger and more complex-Westpac Bank. (Australia’s second largest bank and one that serves around 12 million customers, employs 40,000 people, and has more than 1,200 branches. ) As soon as she began her new career as chief executive of this last-named company, she engineered a Westpac takeover of her former company. To describe her profile, I will structure my essay in four parts that are the leader branding, the leader style, the conflict management and the leadership ethics. The first part is named “Leadership branding” and in this part, I will try to define Kelly’s branding. “The typical manager is comfortable in the role of the designer, creating the ideal structure to meet strategic needs” and it’s was Kelly did. By creating new strategies, controlling, organizing and planning she has transformed her company and has done her best to find useful solutions. According to the Evaluation grid: “manager or leader”, Gail Kelly is more a leader than a manager because she is expert in social...
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... para. #1). Due to these massive oil reserves, it seems that Angola should flourish and become one of the most developed African countries. Sadly, most of this country’s citizens seem to be living in extreme poverty. One can only try to guess why this would be the case. After being a colony of Portugal, Angola has gone through some rough times. Armed conflict did help with gaining the independence but right after the conflict was over, and independence achieved, civil war has taken over and slowed down any potential successes. “Development was severely restricted by a 27-year civil war that broke out upon independence in 1975 and destroyed most of the country's infrastructure. Since the war ended in 2002, the economy grew at a double-digit annual rate until the global financial crisis undercut oil revenue” (Angola. Country Specific Information, 2012, para. #1). This country has had a large potential due to its oil reserves. Because Angola exports most of its oil, it could benefit from oil prices that have been high in the most recent years. Despite of all this potential success, opposite is the case as Angola has been struggling with a major issue. Oil money has been disappearing from the country, and no one knows where and why. “Angola's government must account for a staggering $32 billion missing from state coffers in a country where most suffer immense poverty...
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...cost dramatically so the market potential of the blended fuel would be increased. After AFC receiving a patent for Dr. Aplin’s unique ethanol production process he decided to broaden the scope of operations of the company but he doesn’t have additional funds to put in. So, he developed a business plan to seek for financing. AFC will need $55 million in total. Assume you are a commercial loan officer with a large regional bank: We would consider the type of business and financial statues of AFC, history of past banking involvement in deciding what types of financing to provide to a company as the bank definitely don’t want the loan to default. In the case of AFC, it is still in a very early stage of the formation of the business so we can’t really tell the revenue of it and it is impossible to be breakeven in a few years. We don’t have much banking history to refer to as AFC is just five years old. The company is still developing. The chance of it going bankruptcy would be relatively high. First of all, long-term loans will not be considered. The bank will only offer long-term loan to established businesses with some years of financial success and AFC is a new company and they won’t have many historical financial statement to secure the long-term loan. Meanwhile the company needs a start-up capital so we would consider offer short-term loans to AFC. On the bank’s behave the interest rates in a short-term...
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...TABLE OF CONTENTS: INTRODUCTION 1 1. CREATIVTY TOOLS, INNOVATION MANAGEMENT & FINANCIAL SERVICES 1 2. RBS INTRODUCTION 3 2.1 RBS Innovations 3 2.2 RBS Creativity Tools 4 3. SANTANDER INTRODUCTION 5 3.1 Santander Innovations 5 3.2 Santander Creativity Tools 6 4. SUGGESTIONS FOR FURTHER CRETIVITY TOOLS 6 FINDINGS AND CONCLUSIONS 8 REFERENCES 9 INTRODUCTION The aim of this report is to introduce the latest innovation end products and service and identify and describe creativity tools used by Royal Bank of Scotland (RBS) and by Banco Santander (Santander). Furthermore this report seeks to explain why the tools applied are useful for a particular organisation’s innovation management. This report will also suggest 2 additional creativity tools for each organisation and will also explain why these tools are useful. To achieve the above a short introduction about organisations will be provided and secondary research resources: companies’ websites, journals, books and articles will be used. 1. CREATIVTY TOOLS, INNOVATION MANAGEMENT & FINANCIAL SERVICES Creativity tools can be described as combinations of factors that can help to engender new ideas (Fig 1). Fig.1. Creativity tools in organisations Source Aurnhammer, 2013 There are different factors that can contribute to successful innovation in organisations. Fig.1 shows tools covering People, Methods and Platform combining to create the optimal conditions for the creation of innovative ideas and concepts...
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...negotiations that happen in everyday life. It is one of the few places in life where some form of negotiation is the rule rather than the exception. Not all people are effective negotiators. It takes a keen understanding of the process in order to be good at it. This class has provided tools via the review of key concepts and methodology to allow even the not so adept negotiator to be better at negotiating. By informing yourself, preparing, and keeping an objective mind frame we can all use the tools taught in class to become more successful next time a negotiation situation arises. My paper will focus on integrative bargaining. Integrative bargaining (also called "interest-based bargaining," "win-win bargaining") is a negotiation strategy in which parties collaborate to find a "win-win" solution to their situation. This strategy focuses on developing mutually beneficial agreements based on the interests of both parties. This negotiation approach is important because it usually results in more of a positive outcome in contrast to distributive bargaining. The first step in integrative bargaining is identifying each side's interests. Although distributive bargaining is frequently seen as the opposite of integrative bargaining, the two are not mutually exclusive. Distributive bargaining plays a role in integrative bargaining. While I had no idea of these methodologies years ago when I went through the home buying process, I can reflect on it now and identify key steps in the process of...
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...successful bank admired for its innovative service, people, technology and Sharia compliant products, both locally and internationally. Our Vision: A trusted leader delivering innovative financial solutions to enhance quality of life everywhere. Al Rajhi Bank “The #1 Bank in KSA” Al Rajhi Bank, one of the biggest Islamic banks in the world, began its activities in 1957. It enjoys 50 years of experience in both the banking industry and trade activities. The Bank relies on Islamic Sharia principles as a base for all its activities and due to its forward thinking vision in banking, it strives to hire fresh graduates and job seekers who enjoy a high level of professional ambition as a sign of encouragement and to give them the opportunity of building a promising future. Al Rajhi Bank works on training young human resources through innovative programs that empower the Bank’s employees by increasing their competence and their productive capacities; in addition, the Bank offers attractive starting salaries, regular salary increments, allowances and bonuses. Competitive packages together with unrivaled opportunities make Al Rajhi Bank a premier employer for Saudi Graduates. b. Describe the job and its duties Reporting to Corporate Banking Area Manager- Western Region, as a relationship manager, the employee will be responsible for proactively managing a SR400 Million - SR500 Million credit portfolio of mid-market corporate clients and soliciting new relationships to the Bank. You...
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...literature published in the United States since its beginning in 1776 - hundreds of books, articles, and essays on self-improvement and popular psychology. I noticed a startling thing: Almost all the writings that helped build our country in its first 150 years or so identified character as the foundation of success. The literature of what we might call “The Character Ethic” helped Americans cultivate integrity, humility, fidelity, temperance, courage, justice, patience, industry, and the Golden Rule. Benjamin Franklin’s autobiography is a prime example. Compared with the early success literature, the writings of the last 50 years seem superficial to me - filled with social image consciousness, techniques, and quick fixes. There, the solutions derive not from the Character Ethic, but the Personality Ethic: Success is a function of public image, of attitudes and behaviors, of skills that lubricate the process of human interaction. I don’t say these skills are unimportant. But they are secondary. If there isn’t deep integrity and fundamental...
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