...| The Importance Of Leadership | Theory & Concepts | | The definition of leadership and a look into the classical leadership theories and concepts. | | Toni James | 10/29/2012 | | Contents Introduction p.2 Defining Leadership p.2, 3 Introducing Theory and Concepts p.3 Traits Theory p.3, 4 Behaviour Theories p.5, 6 Contingency theory p.5 Transactional and Transformational Theory p.5, 6 Conclusion p.6, 7 Reference List p.8, 9 Bibliography p.9 Appendix 1 p.10 Introduction The following report will focus on defining leadership, research and comparison into leadership theories and concepts. It will look at appropriate leadership concepts that can be applied to Paragon Software in order to help grow market share. Defining Leadership Leadership is viewed in a number of different ways and there are many interpretations of its meaning. Leadership may be exercised as an attribute of position, or because of personal knowledge or wisdom. Leadership may be based on a function of personality, or it can be seen as a behavioural category. It may also be viewed in terms of a leader’s ability to achieve effective performance from others. (Mullins, 2009) Stogdill (1974, p.259) concluded that there are almost as many definitions of leadership as there are persons who have attempted to define the concept. (Stogdill, 1974) There lie two fundamental difficulties in defining leadership. Firstly, leadership is open to subjective interpretation...
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...Module Study Guide Information and Communication Technology The Claude Littner Business School The Claude Littner Business School Information and Communication Technology Module Study Guide |Module Code |BA40019E | |Level |4 | |Credits |20 | AY2014-2015 Version No 1 © UWL 2014 Location/Paragon Information and Communication Technology Module Study Guide |Contents |Page No. | |Module Leader and Teaching Team Details…………………… 4 | | | | | |Facts and figures | | | | | |Section A Overview and Content | | |1 Welcome and Introduction to the Module………6 ...
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...study on monetary policy is significant to the BOG and government because it will help know the development of banking and financial institutes in Ghana. This study also helps the country know the capital formation. Monetary policy help in capital formation by providing loan at low interest rate and increasing investment. Monetary policy is one of the most important aspects of economics. This study is significant to the body of knowledge because it would help them know how the government of Ghana and BOG are applying monetary policy tools in the economic development of the economy. This study would also broaden the students’ knowledge on monetary policy and help them increase their development in becoming economists. The study is significant to lecturers as it would improve their knowledge on monetary system as they can make recommendations and inferrals to them during...
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...OF DECISION MAKING BY L E I G H B UC H A N A N A N D A N D R E W O ’ CO N N E L L RANDY LYHUS Humans have perpetually sought new tools and insights to help them make decisions. From entrails to artificial intelligence, what a long, strange trip it’s been. SOMETIME IN THE MIDST OF THE LAST CENTURY, Chester Barnard, a retired telephone executive and author of The Functions of the Executive, imported the term “decision making” from the lexicon of public administration into the business world. There it began to replace narrower descriptors such as “resource allocation” and “policy making.” 34 | Chances Are The dicey history of risk 36 | The Meeting of Minds The power and perils of group decision making 38 | Thinking Machines The real intelligence behind AI 40 | The Romance of the Gut The appeal of leaders who just do it The introduction of that phrase changed how managers thought about what they did and spurred a new crispness of action and desire for conclusiveness, argues William Starbuck, professor in residence at the University of Oregon’s Charles H. Lundquist College of Business.“Policy making could go on and on endlessly, and there are always resources to be allocated,” he explains.“‘Decision’ implies the end of deliberation and the beginning of action.” So Barnard–and such later theorists as James March, Herbert Simon, and Henry Mintzberg– laid the foundation for the study of managerial decision making. But decision making...
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...Abstract McKesson Decision Support Systems have a vision to create a health care system that is of higher quality, with fewer mistakes and a low cost overhead. McKesson is the nation’s leading health care IT Company that has the capability to install software as well as hardware and has done so in 70% of the nation’s hospitals. McKesson’s software helps all clinicians in charting and treating their patients in a quick and easy manor. McKesson is one of America’s oldest and largest health care companies. McKesson wants to bring together clinical knowledge and technology to create a better work environment through quality health care services and an easier quicker way to chart a patient’s information and progress without taking away from the bedside care. McKesson is all about integrity, customer –first, accountability, respect and excellence. McKesson Horizon Emergency Care Decision Support System In an ever changing world, hospitals are being challenged every day with the increasing elderly in society and their multiple medical problems. The focus is more on the collaborating of hospitals, physicians, and tax payers. Due to all the problems that affect healthcare reform such as preventable readmission, decrease in reimbursements, infections due to hospital stays and financial penalties, patient safety has become the utmost concern for doctors, nurses and ancillary help. One way to collaborate between providers...
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...financial sector crisis of Bangladesh is the “Hallmark-Sonali Bank Loan Scandal “. This crisis identified in the year 2012 and it has been took place from the year 2010 and finally disclosed in 2012. To learn lesson from this incident and prevent further recurrence, study in depth of this crisis is very important. Background: A central bank probe found that Sonali Bank high-ups, including a deputy managing director, a general manager and the branch manager, were directly involved in the scam. The amount embezzled by the six entities is equivalent to almost 15 percent of the total estimated cost of the $2.9 billion Padma bridge project. Of Tk. 3,547 crore, Hallmark Group alone took away Tk. 2,686.14 crore, T and Brothers Tk. 609.69 crore, Paragon Group Tk. 146.60 crore, Nakshi Knit Tk. 66.36 crore, DN Sports Tk. 33.25 crore and Khanjahan Ali Tk. 4.96 crore. Of the six borrowers, Hallmark has been found to be the biggest fraudster. Analysis and Research: Bangladesh experienced the biggest financial scam in the year 2012 which is commonly known as the “Hallmark-Sonali Bank Loan Scandal “. To understand, analyze and research this scam in depth, let’s look for the answer of the following questions: . What happened? . How did it happen? . Why wasn’t the malpractice prevented or discovered sooner? . What has been the fall out? . Is it Hallmark’s success or failure of Sonali bank? The first question is: What happened? In May 2012, a report from the Bangladesh Bank revealed...
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...financial sector crisis of Bangladesh is the “Hallmark-Sonali Bank Loan Scandal “. This crisis identified in the year 2012 and it has been took place from the year 2010 and finally disclosed in 2012. To learn lesson from this incident and prevent further recurrence, study in depth of this crisis is very important. Background: A central bank probe found that Sonali Bank high-ups, including a deputy managing director, a general manager and the branch manager, were directly involved in the scam. The amount embezzled by the six entities is equivalent to almost 15 percent of the total estimated cost of the $2.9 billion Padma bridge project. Of Tk. 3,547 crore, Hallmark Group alone took away Tk. 2,686.14 crore, T and Brothers Tk. 609.69 crore, Paragon Group Tk. 146.60 crore, Nakshi Knit Tk. 66.36 crore, DN Sports Tk. 33.25 crore and Khanjahan Ali Tk. 4.96 crore. Of the six borrowers, Hallmark has been found to be the biggest fraudster. Analysis and Research: Bangladesh experienced the biggest financial scam in the year 2012 which is commonly known as the “Hallmark-Sonali Bank Loan Scandal “. To understand, analyze and research this scam in depth, let’s look for the answer of the following questions: . What happened? . How did it happen? . Why wasn’t the malpractice prevented or discovered sooner? . What has been the fall out? . Is it Hallmark’s success or failure of Sonali bank? The first question is: What happened? In May 2012, a report from the Bangladesh Bank revealed...
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...Being one of the middle management staff in my former company, MTN-Yemen, gave me the chance to observe, wonder, criticize the unprofessional “application of work processes” amid the different departments in the company, and furthermore, implicitly search for possible remedy. Although, by nature, I seek for ideal performance and maximum adherence to standards, I’m convinced that, ironically, we had sometimes to shake the floor or even overthrow the table to beat the traditional, unworthy and effete practices that had accumulated around and above the standards and had consequently dimmed their effectiveness. Having the chance to be the CEO for three months, unleash the ringing bell for me to begin framing my skills in top management, and the optimal chance to express my vision about successful leadership, and the innovation of strategic plan, structure make-over, culture re-formulating, adaptive challenges and perpetual change. The mission is extremely difficult, delicate and challenging; it’s obvious that I will not have the enough time to accomplish all my goals, overwhelmed by management stress and change pressure. However, three months could be enough to inculcate the trend for change amid the employees and equally implement this trend in the system. What is more harmful then failure is to ignore it and continue in practicing the same mistaken activities. Change must be integral, and actions have to be implemented effectively in processes, employees’ assumptions, company’s...
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...1. original research & situation analysis a. Trend in Thai market b. SWOT c. Competitors 2. objectives a. to increase awareness among chocolate lovers b. to build loyal customer base 3. definition and insights of target audiences a. STP b. Insights 4. concept for the launching of chocolate facts a. life is chocolately bitter sweet i. life is like a chocolate that has bitter and sweet taste 1. bitter time in life ( chocolate to comfort 2. sweet time in life ( chocolate to celebrate 5. marketing communication massage & channels (viral/online and consumer activations) a. IMC i. Advertising ii. Public Relations iii. Sales promotions iv. Activations v. Viral vi. Website 6. Detailed budget for the entire program 7. success measurement methods a. lead back to objectives SITUATION ANALYSIS [Market Analysis] The level of chocolate consumption in Thailand is considered as relatively low when compared to other foreign countries, especially those in Europe region. Although the chocolate consumption rate in Thailand has gradually increased from 0.144 kilogram per year per person in 1997 to 0.26 kilogram per year per person in 2007, countries in the Europe region have the chocolate consumption rate as high as 11 kilogram per year...
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...Skills for Effective Leadership Marion Johnson Wilmington University Abstract It is understood that management, which is defined as the act, manner, or practice of managing, handling, supervision, or control directly affects almost every aspect of the workplace (American Heritage, 2000). An incompetent or careless manager can have a devastating impact on an organization. This incompetent manger can cause and perpetuate decreased employee performance, dissatisfied customers, and poor production. An effective manager will avoid such effects through circumspect consideration and implementation of innovative management strategies. A leader sets the tone for those they supervise. Having a weak or ineffective leadership style turns what could be a productive organization into one that lacks direction, is chaotic, and fails to live up to its potential. Incompetent central leadership can also cause a power struggle amongst the other remaining team members. Groups seek leadership; when leaders fail to use their powers others will maneuver to use the power left in the void. This can lead to a power-struggle and backstabbing (Morgan, 2007). There are a plethora of skills that are necessary for effective management (Humphrey & Stokes, 2000), and there are just as many guidelines and principles that lend themselves to the advancement of admirable leadership. Many of these will be familiar, while others may be more obscure, but it is, arguably, the most valuable of the many management...
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...provide clear, simple answer to the following questions: What happened? How did it happen? Why wasn’t the malpractice prevented or discovered sooner? What has been the fall out? What is next? What happened? In May 2012, a report from the Bangladesh Bank revealed that the Ruposhi Bangla Hotel Branch of the state-owned Sonali Bank, Bangladesh’s largest commercial bank, illegally distributed Tk 36.48 billion (US$460 million) in loans between 2010 and 2012. The largest share, of Tk 26.86 billion (US$340 million), went to the now infamous Hallmark Group. While the focus has understandably been on Hallmark, other companies also participated in the fraud, including: T and Brothers, Tk 6.10 billlion Paragon Group, Tk 1.47 billion Nakshi Knit, Tk 660 million DN Sports, Tk 330 million Khanjahan Ali, Tk 50 million This is considered to be the country’s largest banking scandal. It dwarfs previous fraud cases, such as a Tk 6.2 billion Letter of Credit fraud in Chittagong in 2007, a Tk 5.96 billion fraudulent withdrawal from Oriental Bank in 2006, and a Tk 3 billion forgery scandal in 2002. How did it happen? It is alleged that the scandal resulted from collusion between officials of Hallmark and Sonali Bank, in particular between Tanvir...
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...provide clear, simple answer to the following questions: What happened? How did it happen? Why wasn’t the malpractice prevented or discovered sooner? What has been the fall out? What is next? What happened? In May 2012, a report from the Bangladesh Bank revealed that the Ruposhi Bangla Hotel Branch of the state-owned Sonali Bank, Bangladesh’s largest commercial bank, illegally distributed Tk 36.48 billion (US$460 million) in loans between 2010 and 2012. The largest share, of Tk 26.86 billion (US$340 million), went to the now infamous Hallmark Group. While the focus has understandably been on Hallmark, other companies also participated in the fraud, including: T and Brothers, Tk 6.10 billlion Paragon Group, Tk 1.47 billion Nakshi Knit, Tk 660 million DN Sports, Tk 330 million Khanjahan Ali, Tk 50 million This is considered to be the country’s largest banking scandal. It dwarfs previous fraud cases, such as a Tk 6.2 billion Letter of Credit fraud in Chittagong in 2007, a Tk 5.96 billion fraudulent withdrawal from Oriental Bank in 2006, and a Tk 3 billion forgery scandal in 2002. How did it happen? It is alleged that the scandal resulted from collusion between officials of Hallmark and Sonali Bank, in particular between Tanvir...
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...products to be produced. This defective product issue has been seen in a large number of recalls within the past three years. To combat this current ethical culture of ensuring quotas are met but failing to produce a quality product, developing a culture of referent power should be implemented. Referent power is a good tool to utilize to ensure the previous power structure- either coercive power or reward power gone wrong. “Referent power is sometimes thought of as charisma, charm, admiration, or appeal. Referent power comes from one person liking and respecting another, and strongly identifying with that person in some way” (Referent Power, 2014). Implementation of referent power will take time in that development of trust in management from employees will not be an easy task. Likely a change in management or significant leadership training would be most helpful to implement this type of power within Paradigm Toys. In essence, the concept of referent power would be to ensure that employees respect and trust their leadership structure to ensure that when leaders are not available to make decisions, the same types of decisions will be made by employees. Decisions that will be positive for the organization and the quality of product will continue to improve. Again, this implementation will be difficult however not impossible. The implementation of referent leadership will bring about an understanding of influence over...
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...Cases from Management Accounting Practice Volume 15 edited by Wayne Bremser Villanova University Jim Mackey California State University Sacramento The American Accounting Association (Management Accounting Section) Institute of Management Accountants (Committee on Academic Relations) Published by Institute of Management Accountants 10 Paragon Drive, Montvale, NJ 07645-1760 Claire Barth, editor and compositor Copyright © 2000 by Institute of Management Accountants. All rights reserved. IMA publication number 00355 ISBN 0-86641-291-3 Preface T he cases in this volume were presented at the Management Accounting Section of the American Accounting Association’s 2000 annual meeting in Mesa, Arizona. The cases describe the implementation and application of management accounting innovations to systems designed to support the maintenance and creation of value in the modern enterprise. Each of the cases presents an application of management accounting techniques to support change management. Starting with an excellent review of the strategic management of new product lines by Mercedes Benz, Tom Albright contributes an interesting and insightful picture of how target costs need to consider both current and strategic value issues. Mercedes’ use of a target cost index to integrate cost and strategic value is particularly interesting. The next three cases focus on the implementation and use of the balanced scorecard and performance measures to influence...
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...Management (SHRM©). The interpretations, conclusions and recommendations in this book are those of the author and do not necessarily represent those of the SHRM Foundation. ©2008 SHRM Foundation. All rights reserved. Printed in the United States of America. This publication may not be reproduced, stored in a retrieval system or transmitted in whole or in part, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the SHRM Foundation, 1800 Duke Street, Alexandria, VA 22314. The SHRM Foundation is the 501(c)3 nonprofit affiliate of the Society for Human Resource Management (SHRM). The SHRM Foundation maximizes the impact of the HR profession on organizational decision-making and performance by promoting innovation,...
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