...Interclean Memo InterClean-Enviro Tech Merger Memorandum Christopher L Kearney University of Phoenix HRM/531 Human Capital Management Shavona Wright November 8, 2010 MEMORANDUM To: First-Level Management Team From: Christopher L. Kearney Date: November 8, 2010 Re: InterClean-Enviro Tech Merger This memo is designed to inform the first-level managers about the recent merger with Environ Tech and the vital role management will play in ensuring the transition is a smooth one for everyone. I will explain the expectations for the management team and discuss how important it is managers lead by example so that other employees will follow the managers lead. The attitude of a manager has a huge effect on subordinates, and as managers it is important not to allow behaviors to hinder the performance of others and this is each supervisor will have to develop better strategies when working in an environment with diversity. The merger will generate a higher degree of diversity, which will allow others to build on their strengths and innovative abilities. InterCleans expansion into new markets affords the company to acquire more consumers. With more consumers come more markets shares that the company can draw from any competitors in the process. This is why it is vitally important for all managers to unify so this can be a successful venture. Embracing the merger will show others the positives making them want to join in and support the merger with renewed ideas. Productivity...
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...Contemporary Management, 7/e Gareth R. Jones, Jennifer M. George ISBN: 0078112699 Chapter 1 Warning! – Don’t expect all lectures to come straight from the text! What is management? 1. Management is the planning, organizing, leading and controlling of human and other resources to achieve organization goals effectively and efficiency. 2. Managers operate within an organization, a group of people who work together to achieve a wide variety of goals or desired future outcomes. 3. Organizational productivity (performance) is how effectively and efficiently a manager uses resources to satisfy customers and reach organizational goals. a. efficiency measures how well or how productively resources are used. b. effectiveness measures the appropriateness of the goals chosen by a manager. What do managers do? Get things done through others by . . . I. Management functions: A. Planning is the process managers’ use for identifying and selecting appropriate goals and actions for the organization. 1. Planning involves three steps including deciding which organizational goals and courses of actions to pursue; strategies to adopt and deciding how to allocate organizational resources to attain those goals. 2. The strategies determined during planning determine the effectiveness and efficiency of an organization. B. Organizing is the task of structuring working relationships...
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...Self-Management Behavioral Contract BSHS/311 June 11, 2012 Self-Management Behavioral Contract Most people find frustration because of the lack of time they acquire to accomplish their goals. Time management is about discipline and execution. Time is a resource that no one can buy, sell, share with others, take from others, receive more of, or have less of. Every day has the same amount of time, 24 hours. What a person does with time makes a difference. The people who make the most of their time may apply different techniques and systems, but they have one thing in common. They have a vision of how they spend their time, a vision that includes a clear sense of priorities. They know what they want to do with their time. The subject of this paper is to describe the goal of managing time better, assess target behaviors to increase or decrease, and to provide a monitoring system to track progress. Time Management One most useful stress reduction skills a person can learn is effective time management. A person may begin by making a list of work, school, family, and leisure activities that a person performs in a day. A person should analyze the list to sort the activities according to priority. This will place the high priority activities at the top for a person to accomplish his or her goals. To allocate and use time well, a person may decide to eliminate some activities from the daily schedule, such as watching television, chatting online, or talking on the phone. After...
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...Reaction Paper about Stress and Stress Management Stress is an unpleasant state of emotional and physiological arousal that people experience in situations that they perceive as dangerous or threatening to their well-being. The word stress means different things to different people. Some people define stress as events or situations that cause them to feel tension, pressure, or negative emotions such as anxiety and anger. Others view stress as the response to these situations. This response includes physiological changes-such as increased heart rate and muscle tension-as well as emotional and behavioral changes. However, most psychologists regard stress as a process involving a person's interpretation and response to a threatening event. Stress is a common experience. We may feel stress when we are very busy, have important deadlines to meet, or have too little time to finish all of our tasks. Often people experience stress because of problems at work or in social relationships, such as a poor evaluation by a supervisor or an argument with a friend. Some people may be particularly vulnerable to stress in situations involving the threat of failure or personal humiliation. Others have extreme fears of objects or things associated with physical threats-such as snakes, illness, storms, or flying in an airplane-and become stressed when they encounter or think about these perceived threats. Major life events, such as the death of a loved one, can cause severe stress. Stress can...
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...| Self Management Behavioral Contract | University of Phoenix | BSHS/312Models of Effective HelpingChelie Saffeels | Shakita Hunter | 5/7/2012 | I, Shakita A. Hunter, hereby agree to the following Self-Management Behavioral Contract, designed by myself to encourage not only self-motivation techniques as well as positive behavior for myself. This contract will provide the following: * Specific goals * Target behaviors * Increase target behaviors * Decrease negative behaviors * Monitor progress * Time frame to meet goals Once the steps to achieving my goals are set in motion, I will discuss both internal and external consequences for actions if I do not meet the goals and possible rewards for meeting the goals. I will remain dedicated to attaining my goals and look to this contract as an achievement of success. Specific goals: If I could change one thing about myself, it is to lose 100 lbs off of my 257.5 lb frame. I am often told that I look great with my current weight, but I don’t feel great. I don’t have low self-esteem. The problem is that most foods that are very tasty; they are high in fats, sugars, and carbohydrates. I have been trying to lose weight for about a year. I will lose about 15-20 lbs, but it all comes back plus an additional 5-15 lbs. It is frustrating. I started Zumba Fitness program because it incorporated dancing along with high intensity workout. I bought a treadmill to try to get some walking in at night...
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...1 - Introduction The influence of top management team (TMT) on organizational behavior and outcomes is one of the most widely studied relationships in strategic management. Since Hambrick and Mason’s (1984) seminal article on organization’s “upper echelons”, organizations and strategy researchers have tried to establish a relationship between top management team demographic characteristics and firm outcomes. However, empirical results have been inconsistent. Certo, Lester, Dalton and Dalton (2006), after conducting a meta-analysis of several studies, found modest support for a direct relationship between TMT demographic indicators and firm performance, but indicated moderating influences. Hambrick (1994) provided the main argument against TMT research based on demographic characteristics. According to him, this line of inquiry pays “too little attention to the actual mechanisms that serve to convert group characteristics into organization outcomes” (p. 185). Recent research on strategic leadership, trying to overcome these mixed findings, has begun to change focus away form TMT characteristics and concentrate on the processes underlying TMT decision making (functioning) such as comprehensiveness, consensus, social integration, conflict and decision speed (Certo et al., 2006). Lubatkin et al. (2006) and Carmeli and Schaubroeck (2006) present good examples that, when processes were measured directly, they were a stronger predictor of organization outcomes and performance...
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...Self-Management Behavioral Contract I understand that change is necessary in order to make room for improvement. Self-improvement is something that I continuously work towards, not for anyone else’s happiness but my own. Presently, my goal for myself is to gain healthy eating habits and lose weight. Although I do not see myself as “fat” I do see myself as overweight and there is definitely room for change. My ultimate target is to lose up to fifteen (15) pounds and change my eating habits. After losing the weight I would like to continue my eating habits in order to keep a healthy lifestyle. In order to reach my goal I have determined that I will have to change eating patterns. First, what I eat and how much I eat at one time. Sadly, I have a habit of eating military style, at least that’s what my brother who is in the military calls it. I often times eat quickly, which is not a good thing. I have learned that eating fast is not healthy. Eating too fast does not give the brain enough time to send a signal to the stomach that I am full. My intake is faster than the signal and by the time I am finished I am stuffed. Another behavior that needs to cease is the time of the day that I eat. I have a habit of not eating much during the day, but at night eating very late or waking up in the middle of the night for a snack (chocolate ice- cream). I would love to increase the amount of time that I work out in a day. I find my schedule to sometimes be so busy, and when it comes...
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...Self-Management Behavioral Contract Sarah Spearmen BSHS 312 September 5th, 2011 Joyce Hicks Self-Management Behavioral Contract Although there are many things that I would ideally like to change about myself, I have chosen weight loss as the topic of my contract. I do realize that this is not a change that is quick and simple. Instead, it will take an extensive matter of time to accomplish in a healthy and successful manner. This paper will include the behaviors that I would like to increase, as well as those I will decrease. I will also include a chart that will show hoe I will be monitoring my success. I will also be including any internal and external consequences for actions associated with working toward and attaining specific goals. The first step to take is to document some basic details and my starting weight, so that a precise plan can be established. I am 33 years old, height is 5’2 and current weight is 215 lbs. My long term goal is 150lb, which would be an overall loss of 65lbs. My short term goals include losing 5 lbs. a week for 13 weeks, for a total of three months and one week. This weight loss plan will begin on September 12th and end December 12th. I would like to increase a few healthy choices, beginning with better nutrition. Although I do not eat a lot of junk food, I do drink way too much pop. I will begin to decrease the soda intake, and increase my water intake. I also will be eating foods that are either grilled...
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...Section A In my scenario for Elementary school age children the first student that I choose is Bridgett. Bridgett needs continual confirmation that she is doing her work correctly, and she demands constant attention. To promote Intrinsic Motivation to help change her behavior of not needing my constant attention I would create a learning environment that fosters both independent learning and cooperative learning as part of a group. In this I would include real-world activities to help her easily recognize her academic skills and how she would be able to use them in the real-world. Thus giving her the desire to take on a task that gives her the satisfaction of completing the assignment by herself. By promoting independent learning for Bridgett I would also promote Extrinsic Motivation by rewarding her with a point system allowing her to trade those points in for a reward that she enjoys, for example being the teachers helper, extra computer time or even a no homework pass. As we know extrinsic motivators is a very individual and can vary from student to student. (Lyons, 2011) For my second student I chose Joey. Joey continually talks out of turn loudly and off topic. So, to promote Joey’s Intrinsic Motivation my goal would to be find out his interests and include that in the lessons or activities. By finding out his interests will peak his interest in the lesson this way he is motivated to be engaged and not disrupting the classroom environment with talking. By Joey...
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...Libre des Sciences Commerciales Appliquées Review of Literature Behavioral Finance Presented to Dr. Mohamed EL-Hennawy Group Assignment Prepared By Albert Naguib Noha Samir Wael Shams EL-Din Moshira Gamil Marie Zarif January 2012 | TABLE OF CONTENTS | | | |List of Table………………………………………………………………………….. | |List of Figure ………………………………………………………………………… | |List of Abbreviations/Acronyms ……………………………………………………. | |Introduction……………………………………………………………………….. | |2. Appearance of Behavioral Finance…………………………………………………… | |2.1. Important Contributors…………………………………………………. ………. | |3. Behavioral Biases…………………………………………………………………… ...
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...ABSTRACT Behavioural finance is part of finance that seeks to understand and explain the systematic financial market implications of psychological decision processes. It utilizes knowledge of cognitive psychology, social sciences and anthropology to explain irrational investor behavior that is not being captured by the traditional rational based models. INTRODUCTION Classical investment theories are based on the assumption that investors always act in a manner that maximizes their return. Yet a number of research show that investors are not always so rational. Human become puzzled when the uncertainty regarding investment decision engulfs them. People are not always rational and markets are not always efficient. Behavioral finance explains why individual do not always make the decisions they are expected to make and why markets do not reliably behave as they are expected to behave. Recent research shows that the average investors make decisions based on emotion, not logic; most investor’s buy high on speculations and sale low on panic mood. Psychological studies reveal that the pain of losing money from investment is really three times greater than the joy of earning money. Emotions such as fear and greed often play a pivotal role in investor’s decision; there are also other causes of irrational behavior. It is observed that stock price moves up and down on a daily basis without any change in fundamental of economies. It is also observed that people in the stock market...
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...Chapter 9 Behavioral Finance and Technical Analysis The effiecient market hypothesis makes two important predictions. First, it implies that security prices properly reflect whatever information is available to investors. Second, active traders will find it difficult to outperform passive strategies such as holding market indexes. A relatively new school of thought dubbed behavioral finance argues that sprawling literature on trading strategies has missed a larger and more important point by overlooking the first implication of efficient markets-the correctness of security prices. Behavioral finance are models that emphasize potential implications of psychological factors affecting investor behavior. Its premise is that conventional financial theory ignores how real people make decisions and that people make a difference. A growing number of economists have come to interpret the anomalies literature as consistent with several “irrationalities” that seem to characterize individuals making complicated decisions. 2 Broad Categories: 1. Investors do not always process information correctly and therefore infer incorrect probability distributions about furture rates of return. 2. Even given a probability distribution of returns, they often make inconsistent or systematically suboptimal decisions. Information Processing Errors in information processing can lead investors to misestimate the true probabilities of possible events or associated rates of return. Forecasting errors...
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...Chapter 18 A SURVEY OF BEHAVIORAL FINANCE ° NICHOLAS BARBERIS University of Chicago RICHARD THALER University of Chicago Contents Abstract Keywords 1. Introduction 2. Limits to arbitrage 2.1. Market efficiency 2.2. Theory 2.3. Evidence 2.3.1. Twin shares 2.3.2. Index inclusions 2.3.3. Internet carve-outs 3. Psychology 3.1. Beliefs 3.2. Preferences 3.2.1. Prospect theory 3.2.2. Ambiguity aversion 4. Application: The aggregate stock market 4.1. The equity premium puzzle 4.1.1. Prospect theory 4.1.2. Ambiguity aversion 4.2. The volatility puzzle 4.2.1. Beliefs 4.2.2. Preferences 5. Application: The cross-section of average returns 5.1. Belief-based models 1054 1054 1055 1056 1056 1058 1061 1061 1063 1064 1065 1065 1069 1069 1074 1075 1078 1079 1082 1083 1084 1086 1087 1092 ° We are very grateful to Markus Brunnermeier, George Constantinides, Kent Daniel, Milt Harris, Ming Huang, Owen Lamont, Jay Ritter, Andrei Shleifer, Jeremy Stein and Tuomo Vuolteenaho for extensive comments. Handbook of the Economics of Finance, Edited by G.M. Constantinides, M. Harris and R. Stulz © 2003 Elsevier Science B.V All rights reserved . 1054 5.2. Belief-based models with institutional frictions 5.3. Preferences N. Barberis and R. Thaler 6. Application: Closed-end funds and comovement 6.1. Closed-end funds 6.2. Comovement 7. Application: Investor behavior 7.1. 7.2. 7.3. 7.4. 7.5. Insufficient diversification Naive diversification Excessive trading The selling decision...
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...Behavioural Finance Literature Review Name Institution Professor Date ABSTRACT INTRODUCTION It is tough today to avoid the concept of behavioural finance in the day to day operations of the modern day’s business. All over the world Governments are in a process of experimenting the application of the psychology of decision making to tune their citizens towards better behaviours. Companies and institutions are paying attention to this concept as a new opportunity of realizing profits. Traditionally, the finance paradigms relied heavily on understanding finance markets using the models that had agents who were rational. In the Scenario, rationality implied that when the companies received new information, they updated their agents believes as described by the Bayes law. Besides, with their beliefs, managers and agents made decisions that are acceptable because they are consistent with the Savage idea of Subjective Expected Utility. This traditional approach was viewed as successful if it received data backing. However, as markets became complicated, it became clear that basic acts involving the stock market, the average returns and peoples trading behaviours could not be comprehended in the traditional model. The behavioural finance is the new approach to the emerging financial markets as it addressed the challenges faced by the traditional paradigms. The basic argument of this paradigm is that some financial phenomena can be best can be best comprehended by the...
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...BEHAVIORAL FIANCNE AND WEALTH MANAGEMENT AUTHOR : MICHAEL M. POMPiaN BEHAVIORAL FIANCNE AND WEALTH MANAGEMENT AUTHOR : MICHAEL M. POMPiaN BOOK REVIEW OF : BOOK REVIEW OF : PREPARED BY : ASHISH SHARMA PREPARED BY : ASHISH SHARMA 2014 2014 Behavioral Finance and Wealth Management Author Information “Michael M. Pompian, CFA, CFP, is a partner at Mercer Investment Consulting, a firm serving institutional and private wealth clients. Prior to joining Mercer, he was a wealth management advisor with Merrill Lynch and PNC Private Bank, and served on the investment staff of a family office. Pompian is a Chartered Financial Analyst (CFA), a Certified Financial Planner (CFP), and a Certified Trust Financial Advisor (CTFA). He is also a member of the CFA Institute (formerly AIMR) and the New York Society of Security Analysts (NYSSA). He holds a BS in management from the University of New Hampshire and an MBA in finance from Tulane University. Pompian is a regular speaker on the subject of behavioral finance and has published several articles on the subject. He is married with three sons and can be reached at michael.pompian@mercer.com. “ Michael M. Pompian describes various biases which we can see in human beings , also tells about various experiments on human beings in his book “ BEHAVIOURAL FINANCE AND WEALTH MANAGEMENT “ and tells “HOW TO BUILD OPTIMAL PORTFOLIOS THAT ACCOUNTS FOR INVESTOR BIASES “ The book is published...
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