...Personal Worksheet: Cultivating Trust What situation are you facing and what do you want to achieve? Right now the situation I am facing that requires a level of trust among individuals is working on my Business Plan Team Project. Our BPTP requires us to work in a team and therefore trust one another to honor commitments, and to be honest, and fair. The task at hand for me is to be an effective and valuable group member. Cultivating trust among members of the team is a vital aspect of effective teamwork. What we hope to achieve in working on this project is a group dynamic that allows us to work effectively as a team and develop a business plan of which we can all be proud. If the team is able to trust one another, that will help in achieving this goal. What are the important features of this situation that need to be considered to ensure ...
Words: 632 - Pages: 3
...Analysis of Team Charter Week three collaboration between team C members resulted in interesting similarities and difference between team members in reference to personality types, listening skills, and trust level. Post the self assessment offered by Prentice Hall through the University of Phoenix; each team member got a better understanding of his / her team member strength and weaknesses, knowing that based on the self assessment there are no such “right” answer and neither extreme better than the other. The personality different types for team C can be summarized as follows: 1. xxxxxxxxxxxxxx = ENFJ 2. zzzzzzzzzzzzzzzz = ENTJ 3. eeeeeeeeeee = ENTJ 4. rrrrrrrrrrrrrrrrrrrrrr = ENTJ “ENTJ = is outgoing, visionary, argumentative, have low tolerance for incompetence, and often seen as a natural leader. As far career the survey lists; possible career as a manager, management trainer, stockholder, lawyer, chemical engineer, or police officer. ENFJ = is charismatic, compassionate, and highly persuasive. Possible career as a TV producer, fundraiser, drama teacher, or health adviser”. How often that; it works to have 75% of team members personalities are similar; we have three members (xxxxxxxxxxxxxxxxxxxx) earned type ENTJ in the Prentice Hall Self-Assessment and one team member ) earned different type ENFJ. The mix is not equivalent to experience different personalities; however, having the same personalities is a challenging factor...
Words: 651 - Pages: 3
...International Legal and Ethical Issues in Business Abstract In this assignment, we will review two scenarios of business practices and how these practices influence consumers. We will also explore antitrust laws and the fact that they were established to protect consumers and businesses from anti-competitive business practices. The foundation of a dynamic economy is free and open trade. The benefits of lower prices and higher quality products or services is done through aggressive competition. To maintain this dynamic economy the United States Congress established and passed the first antitrust law. This law was named the Sherman Act of 1890. Two other antitrust laws have been passed since. In 1914 the Federal Trade Commission Act was created by the Federal Trade Commission and the Clayton Act. These laws are still in effect. The antitrust laws were created to promote competition that is dynamic and to protect consumers from mergers that would create anticompetitive business practices. These laws are enforced by the Federal Trade Commission working with the Bureau of Economics. (Guide to Antitrust Laws, 2015) The Sherman Act banishes any monopolization or attempts thereof. The Supreme Court decided long ago that this act doesn't prohibit every restraint of trade. I only prohibits those that are unreasonable. For example, two people that may want to form a partnership may restrain trade but this is not considered unreasonable. Examples of illegal...
Words: 1723 - Pages: 7
...3. Standard Oil violated the Sherman Antitrust Act by directly attempt to restrain trade by using the drawbacks within their agreements with the railroad companies. In addition, they also break laws with their price wars and competitor buyouts. Through these means they were attempting to monopolize the oil trade and commerce in the United States. In my opinion, just because Standard Oil was violating the law does not mean that Rockefeller was act unethically. Weather Standard oil was a monopoly or not, the more important question is, were the practices of the Standard Oil efficient and did it hurt the social wealth of the country? Rockefeller took advantage of his economies of scale in order to deliver the products cheaper to the consumer. The consumer benefits from the price wars that Rockefeller engaged in. They received extremely low prices during the war and afterwards despite a small raise in the price, Rockefeller would not raise the price too high as to not attract new competition. This reduction in prices contributed the greater social wealth of the country. Rockefeller’s purchase of the refineries also produced positive results. Those former refiners who were entrepreneurs had this buyout money and could move on to other ventures. This would free up their capital and to help move out the production possibilities of the nation. This obviously would increase social wealth and lifestyle of the country. I do not think contradiction exists between...
Words: 297 - Pages: 2
...Dentsply International and Market Power Ashley Davis DeVry University Dentsply International and Market Power The Congress passed antitrust laws in effort to protect competition in the market, as well as consumers whom are the ultimate recipients in the market (Novak, 2007). The case that will be discussed in this paper will be a company that was found guilty of violating section 2 of the Sherman Act, which focuses on people that are trying to monopolize the market for their own benefit, or someone that is trying to get complete control within an area of the economy. With the Sherman Antitrust Act in place, monopolization is very illegal and the act tries to prevent it from happening and protect competitors in the market (Novak, 2007). Dentsply International is a company that makes dental products, but their main product sold is false teeth. The company sells product in over 100 countries, so it is a very large company. The company sells its products to dealers, who then sell the false teeth and other products to dental labs. These labs then distribute the product to dentists with the supplies they need. If you don't include false teeth, the company supplies buyers with millions of dollars of products and dominated the artificial teeth market since they had close to 80 percent of the market share at the time they were being sued (Novak, 2007). Dentsply told their dealers that they had tell sell their supplies and deal primarily with them. When the Dentsply did that...
Words: 549 - Pages: 3
...Small Business & Antitrust Laws Andrew Paul Danecki DeVry University Small Business & Antitrust Laws It may seem like in the United States that the free-market is a bit cutthroat and everyone is out for their own best interests. The U.S. is best described to have a mostly capitalist economy, and there are a handful of laws to allow growing businesses to have a fair chance to compete against other companies of the similar market. Antitrust laws, protection against monopoly, and laws pertaining to certain mergers are just to name a few. These laws are important, and extremely effective at protecting the small and growing businesses. It was not perfect at first, of course, but has adapted to cover a handful of loopholes. When you think of a monopoly, what normally comes to mind? That good, old classic board game made by Hasbro. That’s what I think of when that word comes in mind. And just like in the game, you try to dominate the board and be the only player left. The same goes for that word in the market world, which actually is illegal since the Sherman Antitrust Law was enacted in 1890. A monopoly is when a single company has solid control over the market with a particular product or service. Congress passed this first antitrust law as a “comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade” (The Antitrust Laws, n.d.). The last two laws were passed shortly later, and all three of these laws...
Words: 1035 - Pages: 5
...A. Sherman Act (1890) is meant to prevent activities that a business may do that the federal government regulators believe to be anticompetitive. The Act maintains that the federal government is to examine and track trusts, companies, and organizations suspected of being in violation. It was the first federal statute to limit cartels and monopolies. (Sherman Antitrust Act, 2014) Clayton Act provides clarification to the Sherman Act of 1890. It is meant to encourage competition with businesses within the United States, discourage formation of monopolies, and prohibit price discrimination, price fixing and unfair business practices. (Clayton Antitrust Act, 2014) Robinson-Patman Act (1936) prohibits a business from selling the same item to one company for a different price while selling the same item to another company for a different price. This protects smaller businesses by limiting the large company's ability to command discriminatory discounts through its purchasing power. (Robinson-Patman Act, 2014) Federal Trade Commission Act enforces the other three antitrust laws by preventing unfair competition and deceptive practices. This act discourages businesses from entering into unlawful competition. B1. Industrial regulation deals with the government regulation of a business pricing in certain markets. It helps to decrease the control of oligopolies, prevent conspiracy and increase competition among companies. This regulation helps the consumer know that oligopoly...
Words: 780 - Pages: 4
...Paper 5 The Recovery of Trust: Case studies of organisational failures and trust repair BY GRAHAM DIETZ AND NICOLE GILLESPIE Published by the Institute of Business Ethics Occasional Paper 5 Authors Dr Graham Dietz is a Senior Lecturer in Human Resource Management and Organisational Behaviour at Durham University, UK. His research focuses on trust repair after organisational failures, as well as trust-building across cultures. Together with his co-author on this report, his most recent co-edited book is Organizational Trust: A cultural perspective (Cambridge University Press). Dr Nicole Gillespie is a Senior Lecturer in Management at the University of Queensland, Australia. Her research focuses on building, repairing and measuring trust in organisations and across cultural and professional boundaries. In addition, Nicole researches in the areas of leadership, teams and employee engagement. Acknowledgements The authors would like to thank the contact persons in the featured organisations for their comments on an earlier draft of this Paper. The IBE is particularly grateful to Severn Trent and BAE Systems for their support of this project. All rights reserved. To reproduce or transmit this book in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, please obtain prior permission in writing from the publisher. The Recovery of Trust: Case studies of organisational...
Words: 16669 - Pages: 67
...NHS (National Health Service) has succeeded in encouraging employees to the cultural change through implementing several plans: first, they come up with national programmes which focused on the commitment to improving employees working lives by providing rewards trusts and they are ranked to 3 levels, the gold is (practice plus), which demonstrate that a trust is implementing improving working levels (IWL) across the whole organization in all staff groups. NHS set a goal that is all the organizations are expected to achieve practice plus by demonstrating best practice in a variety of areas, so we can understand from this statement that NHS is trying to motivate the organizations and employees to do their best. Moreover, many improvements that have been implemented as part of IWL are the appointment of a communication manger and schema (plan) to improve attendance at work, because they were facing some problems with the absence. Other initiatives include changing the role of a member of a staff to training and education co-ordinator, for example on of the employee helped another how to read and write, also some plans to develop a support group as part of the induction programme for medical staff. Furthermore, the trust set out to involve employees in the IWL programme, they were encouraging the employees to recruit as IWL advisers to sit on focus group and share the word. In addition to that, the NHS was organizing some events in order to motivate employees to the changes. For...
Words: 971 - Pages: 4
...No matter the things we like about ourselves or we don’t like, we also take a positive way to face and accept them. If we can learn to accept ourselves exactly as we are, the happier, healthier and more creative we will be. 4. Motivation Motivation can be gained from anything in our life. It can be tangible reward such as prize and coupon, or intangible reward such as praise and recognition. The simple example in our life is that drinking is motivated by thirsty. Students are motivated by needs of knowledge. Motivation can cause a positive action or certain behavior to achieve the target. 5. Trust It is important in companies and socialites with team work. Some people defined “Trust” that able to predict what other people will do or what things will be happened. So, it can let us have a safety environment to make the plan to achieve our goal. In company, if the boss trusts their staffs, they can share the jobs or tasks by different people with different ability in the same time. Boss does not need to monitor all of the procedure in detail so that the outcome or...
Words: 541 - Pages: 3
...Sinkler's problem is how to escape from the chain gang and enlist an 18-year-old farm wife, Lucy, in his venture. By the end of the story, the tables have turned from wondering if Sinkler is going to take advantage of the woman, to wondering if maybe she has her own plan up her sleeve. This short story offers some nice opportunities to consider whom we trust, how we gain trust, and misplaced trust. Sinkler, the trusty, is in charge of fetching water from local wells; consequently, he does not wear restraints of any kind and is free to wander unsupervised for longer...
Words: 957 - Pages: 4
...Tristen Kremer Hour 6 Ordinary people term paper Date: In the book Ordinary people by Judith Guest there are quite a few characters in the story all diverse and different. While I am not similar enough to some of them I may however explain traits in the story that are associated with characters. There are many factors that contribute to strong relationships. Some of the key elements are trust, forgiveness, and most important communication. In Judith Guests book, Ordinary People, there are several relationships where these elements are portrayed. They are illustrated either in a good or bad way, usually between several of the family members. One element that helps relationships become strong, and keeps people together is communication....
Words: 1030 - Pages: 5
...According to Salvatore (2012), regulation is the result of pressure-groups action and results in laws and policies to support business and to protect consumers, workers, and the environment. Salvatore (2012) goes on to describe that starting with the Sherman Act of 1890, a number of antitrust laws were passed to prevent monopoly or undue concentration of economic power, protect the public against the abuses and inefficiencies resulting from monopoly or the concentration of economic power and maintain a workable degree of competition in the U.S. economy. First, lets discuss regulations and the ways that government has been able to restrict competition. Government regulation has four main purposes, preventing abuses, protecting consumers, limiting negative externalities and promoting competition. These regulations includes things like licensing, restrictions on price competition, as well as patents. Regulations will also help ensure economic stability by keeping the unemployment rate low as well as keeping the inflation rate low. A license is often required for a business just to operate and remain open. A business such as TV, radio stations, child care services; professions like medicine and law; and trades such as plumbers, electricians and real estate brokers as well as dietitians and taxi cab drivers all need a license in order to operate. The government requires license of these businesses and professions in order to protect the public against things like fraud and...
Words: 2312 - Pages: 10
...Based on past experiences, how have you noticed trust being developed within a team or group? Realizing that I have been part of many team settings I could see how trust has played a role. I have had difficulties in trusting in others since I could remember. Even though I am great as a team player relinquishing full trust is very difficult. This is because many people have let me down. Saying you will do something and then do not follow through is not very conducive to being part of a team. The minute I let me guard down and try to relax and delegate, sure enough a task does not get done. Trust is developed with the actions of teammates and how well they follow through as well as communication. Often lack of accountability will break trust in any team. If something has gone wrong take responsibility and find a solution. An example where I had a co-worker prove that I could trust was I was due to go on vacation and it was time to place an order for medical supplies. Usually what I have been known to do is place the order while I’ve been away. This time she assured me that she would take care of it and everything would be fine. I was very reluctant to do so, but I did. I went on vacation and even though it was a large order and the clinic would be in bad shape if it was not done correctly or placed in on time I did not worry (well I always worry) about it. She called me the very next day to notify me it had been placed and emailed notification. I know she did not have...
Words: 748 - Pages: 3
...Joshua – Courageous Faith DB1 Upon reading our assigned text I was encouraged at the descriptions of the lives of these Old Testament Heroes. While evaluating their lives I found that I can relate to Joshua's life the closest. Like Joshua I have seen too many people begin to serve God and only come back with a negative report in life of what He can do. I have watched families that once believed God turn from the way and live a life of defeat. I have also seen how God can be for us, and if we'll just take Him at His word then the victory can be ours. As I studied out the life of Joshua I was so moved by the fact that it was not only his faith, but his willingness to not turn back. His heart was settled, and he even challenged those around him to be held accountable. So I also ask myself many times, what other options do we have in life as a believer, to turn back to the life we had before we were born again only to go on living in bondage, a slave to the world, unhappy in all circumstances? No, I like Joshua have seen the greatness of God in action, to tear down the biggest obstacles of life and take care of the battle. The hardest thing for me was not necessarily the step of faith; it was the putting of God first for many years. My Ai's have turned to Jericho's all because of our wonderful God who said "Have I not commanded you? Be strong and courageous." Joshua 1:9. After I had learned to allow God to have first priority in life no matter the circumstance, or how foolish...
Words: 422 - Pages: 2
