Leadership in Business Essay Example | Topics and Well Written Essays - 1500 words

Leadership in Business - Essay Example According to the research findings, it can, therefore, be said that the high competition in the business world nowadays needs competitive business leaders who will manage to organize their business organizations to achieve their goals. Business leaders need several characteristics in order to achieve their goals. Risk taking is doing something hoping for any outcome, be it good or bad. Any competitive business leader must be ready to take risks. Starting a business involves depositing money or capital where you are not certain whether you will get profit or not. It involves one asking themselves many questions like, â€Å"should I start a business, or should I not?†, â€Å"Should I employ new workers or not?† and many others. Those people who take risks in business will emerge successful, given the high competition in the business world. A business leader who fears to take risks cannot succeed in business because they will fear to get to losses. A good example of an ent repreneur is Amazon’s CEO, Jeff Bezos. Amazon is an organization that deals with the internet business. The CEO says it is good to take risks to manage a business, but it is also good to reduce the risks as the business grows. He says he had to think whether to build Amazon or continue with his previous job on Wall Street. He risked leaving his job to start Amazon, but he succeeded in his online business. Therefore taking risks is always important for success in a business. Another successful business leader, Sir Richard Branson, CEO of Virgin Group (A group of companies in the United States), says, â€Å"Great success does not come without taking risks†. The most important thing is taking the right risks.

Organizational Change Final Assignment Example | Topics and Well Written Essays - 2000 words

Organizational Change Final - Assignment Example Apart from the increase in salaries, workers are motivated by various factors such as increased commission, training, freedom to join trade unions, training, gifts, holidays, promotion and increased responsibilities among other factors. On their part, the management team should ensure that employees are involved in the decision making process and that a proper management style is adopted. For example, employees should be provided with a chance to provide feedback on the various issues affecting their organization. In this way, they feel as part and parcel of the entity thus taking every measure to safeguard the image of the company. One of the notable global companies that have been successful in meeting the needs of its consumers at the local and international market is Walmart Stores Incorporation. Walmart Incorporation, a US based firm with over two million employees has not only maintained a strong brand but also it has created a stiff competition in the retail industry. This pap er discusses the strategies that Walmart Company needs to emulate in order to bring change and bring about a transformation in the organization. Company Overview With its headquarters based in Bentonville US, Walmart Company was established in 1962 by Sam Walton. The company started to trade its shares in the New York Stock Exchange in 1972 thus making it to generate significant amount of capital that it used in its expansion strategies. Based on the effective leadership of Robson Walton and Doug McMillon, the chairman and the president respectively, the company has established more than 8,500 stores in 15 countries thus making it to effectively face off it competitors including Tesco and Target Companies. Due to its strong brand image and strong promotional and advertisement strategies, Walmart has continued to enjoy high sales and sustainable profitability. For example, in 2013, it generated total revenue of US$ 469.162 billion while its total net income stood at US$ 16.999Â  bil lion. Similarly, the company total assets in 2013 stood at US$ 203.105Â  billion while the operating income was US$ 27.801Â  billion. Walmart Stores US, the biggest division makes a significant contribution on the company sales. This is based on the establishment of wide range of products that meets high demand as the result of the US high population as well as quality brands that meets the needs of its customers. The three notable outlets that make up Walmart Stores US include Supercentres, Walmart market and Discount Stores (Lichtenstein, 2009). One of the key strategies that have made Walmart to attain a competitive position in the market is its focus of attracting large number of customers from various regions by introducing brands that matches with their cultural background. For example, in its effort to attract the Hispanic communities, the company established the Supermercado de Walmart in 2009 that offers wide range of food products among other brands that are highly deman ded by the community. As a result, the company has maintained a strong positive relationship with the consumers an aspect that has made it to continue enjoying high sales and profits (Sandra and Scott, 1997). Other operating divisions for the company include Vudu, Walmart international, Sam’

Tourism and national econmic growth Essay Example | Topics and Well Written Essays - 1000 words

Tourism and national econmic growth - Essay Example One of the well known examples in tourism driven LED seen in South Africa has been the small resort named Still Bay. It has a definite tourist footfall (Binns and Nel 240). The article addresses the environmental concerns too. For example, in Kenya’s Maasai Mara National Park and the Ngorongoro Conservation Area in Tanzania, heavy demand for firewood to be used in cooking and heating had severely reduced many small riverine forests (Binns and Nel 237). The article â€Å"Tourism as a local development strategy in South Africa† focuses on how the socio- environmental resources are being utilized to promote local economic development (LED) which in turn leads to national development. The article highlights the initiatives taken by the government to promote tourism as a means to bring about economic development in the country. It mentions the increase in number of the foreign tourist visits from 1994-2002 which in turn boosted the nations GDP. This article helps in understa nding how the unexplored locales in a country can be turned as hot spots for vacation. The article explains different ways for attracting tourists. It throws light on the different environmental issues that arises because of these plans. B. Travel & Tourism to boost UK economy in 2012, October 4, 2010 The website article shows the economic condition in UK and the growth in its tourism industry. The economic condition in the country has been seeing a downslide ever since the onset of the anticipated depression. So, the market has turned toward the travel and tourism industry to boost its economy. According to the article, the tourism industry would increase by 1.3% in 2012 that would be twice the rate of growth which was predicted to be only 0.6% as per the International Monetary Fund. This rate of growth will indicate that the Travel & Tourism industry would be generating revenue of ?35.6 billion and create almost 950,000 jobs within the British economy. During 2012 it is expected t hat around 30 million visitors would be coming to the UK, as reports had shown the country to maintain a good position in being a most-visited destination. In 2011, the total economic contribution from Travel & Tourism amounted to US$6.3 trillion in GDP thus creating 255 million jobs. This contribution had represented 9% of the total GDP, ranking 1 in 12 jobs (Travel & Tourism to boost UK economy in 2012). The website highlights the predicted increase in the number of international visitors in the country. It also showed the number of jobs that would be generated out of the tourism industry. The article presents a comparison between the number of visitors and the jobs created out of the tourism industry between 2011 and 2012. It shows how the industry had contributed US $6.3 trillion in GDP during the year 2011 thus drawing to the conclusion that there is tremendous opportunity to gain economic growth from the tourism industry. C. Roy, Jose, Kenya Packages Tourism as a Key Source of Economic Growth. 2010. October 4, 2010 The article in the news

Organizational Change Final Assignment Example | Topics and Well Written Essays - 2000 words

Organizational Change Final - Assignment Example Apart from the increase in salaries, workers are motivated by various factors such as increased commission, training, freedom to join trade unions, training, gifts, holidays, promotion and increased responsibilities among other factors. On their part, the management team should ensure that employees are involved in the decision making process and that a proper management style is adopted. For example, employees should be provided with a chance to provide feedback on the various issues affecting their organization. In this way, they feel as part and parcel of the entity thus taking every measure to safeguard the image of the company. One of the notable global companies that have been successful in meeting the needs of its consumers at the local and international market is Walmart Stores Incorporation. Walmart Incorporation, a US based firm with over two million employees has not only maintained a strong brand but also it has created a stiff competition in the retail industry. This pap er discusses the strategies that Walmart Company needs to emulate in order to bring change and bring about a transformation in the organization. Company Overview With its headquarters based in Bentonville US, Walmart Company was established in 1962 by Sam Walton. The company started to trade its shares in the New York Stock Exchange in 1972 thus making it to generate significant amount of capital that it used in its expansion strategies. Based on the effective leadership of Robson Walton and Doug McMillon, the chairman and the president respectively, the company has established more than 8,500 stores in 15 countries thus making it to effectively face off it competitors including Tesco and Target Companies. Due to its strong brand image and strong promotional and advertisement strategies, Walmart has continued to enjoy high sales and sustainable profitability. For example, in 2013, it generated total revenue of US$ 469.162 billion while its total net income stood at US$ 16.999Â  bil lion. Similarly, the company total assets in 2013 stood at US$ 203.105Â  billion while the operating income was US$ 27.801Â  billion. Walmart Stores US, the biggest division makes a significant contribution on the company sales. This is based on the establishment of wide range of products that meets high demand as the result of the US high population as well as quality brands that meets the needs of its customers. The three notable outlets that make up Walmart Stores US include Supercentres, Walmart market and Discount Stores (Lichtenstein, 2009). One of the key strategies that have made Walmart to attain a competitive position in the market is its focus of attracting large number of customers from various regions by introducing brands that matches with their cultural background. For example, in its effort to attract the Hispanic communities, the company established the Supermercado de Walmart in 2009 that offers wide range of food products among other brands that are highly deman ded by the community. As a result, the company has maintained a strong positive relationship with the consumers an aspect that has made it to continue enjoying high sales and profits (Sandra and Scott, 1997). Other operating divisions for the company include Vudu, Walmart international, Sam’

B.F. Skinners theory of punishment Essay Example for Free

B.F. Skinners theory of punishment Essay When you think of punishment and reward you think of a reaction; but man has come up with theories of why we do the things that we can do. Conditioning and learning is defined as change in behavior, which is resulted by different types of practices and experiences. In this report the main topics will be classical conditioning, operant conditioning, cognitive-social learning, and neuroscience and evolution. Every time we do something good or bad the outcome determines our reactions in future situations. This learning process that is associated between environment stimuli and behavioral responses. Breaking down the rewards system you come along reinforces and reinforcement. Both are good ways to get a conditioned response. First we primary rein forcers, this increases the chance because it satisfies a need for sex, food, and water. Secondary rein forcers increase the probability of a reaction because of value, money, and possessions through learning. Positive reinforcement is a reward that adds stimulus to increase chances of responses. Positive reinforcement would be a paycheck for a job well done. Negative reinforcement is the exact opposite removing or taking away stimulus of the action not occurring again. The two types of conditioning we are covering is classical and operant. Conditioning is learning through repetition of exercises of rewards or punishment to get a response. The pioneer scientist in classical conditioning is Ivan Pavlov. Classical conditioning is also known as a Respondent or Pavlovian conditioning. Classical is also involuntary which is one of the major differences from operant conditioning. Classical conditioning happens when an unrelated response through association with a stimulus that already makes a similar or related response. An example of classical conditioning is for some people when you hear the sound of running water you need to use the bathroom. The other types of conditioning are Operant, also called Instrumental and Skinnerian conditioning. In operant conditioning the punishment, reward, or in other words outcome is important. That adds to the probability that the act will be repeated or not. Operant conditioning is where consequences of a  particular behavior are described on the repetition of that same behavior. B.F. Skinners experiment of operant conditioning was a cat in a puzzle box. The only way the cat could get out was to pull on a rope; at first the cat did it by mistake. As the experiment went on the cats behavior became more and more purposeful. Soon the cat learned that the door opened immediately for his food. Skinners theory of reward was called positive reinforcement, and his theory of punishment was known as negative reinforcement. Reinforcement always increases the strength of the preceding behavior. Skinner was credited with the law of affect meaning an action will be repeated if it is rewarded. Another type of operant conditioning is called, Extinction. Extinction is a particular behavior that is weakened by the consequence of not experiencing a positive condition or stopping a negative condition. So far this report has broken down stimulus and observable reward and punishment behavior. Overall, some scientists believe the behavior cannot be explained by these theories alone. So next we come to cognitive social theory. Unlike Skinners black box theory, German psychologist Wolfgang Kohler wanted to look deeper inside the box. Kohler believed that solving a complex problem was responding to the stimuli in a trial and error statement. One of his experiments was with using a chimpanzee to try and find his way out of a cage and luring to reach a banana from the ceiling by using its insight to grasp the banana. Kohler tried the experiment again with another chimp placing him in the cage with two sticks this time and placing the banana farther then its grasp. The chimp lost interest in the banana when it was farther but then realized he could use the two sticks to extend his reach, allowing it (the chimp) to obtain the banana. Kohler called this a, learning insight. To wrap up this report we learned that the different types of conditioning are based on reward and punishment and they all have their own different theories and they are still being tested and experimented today.

Human Resource Planning Paper Assignment Animation Essay

Human Resource Planning Paper Assignment Animation Essay Human Resource planning is a process of developing the strategies of skills of the employees to reach the organizational needs. The role of the Human Resource Planning in a organization is to recruit the right person for right work, and work to meet organizational objectives and make the employees to respond to changes that made in the organization as well as changes made in the outside of the organization. Training and retraining strategies are also including in the Human Resource Planning Process. Most of the organization wants Human Resource Planning Systems which is simple to understand, where the assumptions that can modified, also which are not take long time. To run such systems organization needs good monitoring action processes, approximate demand models, and an understanding how the resource that works in that organization. Human Resource Activities: Staffing: Attract the best Professional and Technical talents which are really organization needs to reach the organization Objectives. Compensation: To attract that needed talent they should set and give the good salary that will meet or some extra of market rates. Training and Development: This is the important activity of the Human Resource Team. HR activity is to tell employees about the skill requirements that needed to reach the organization goals and start giving the training needed to improve the skills of the employees in their particular fields. Employee Relation: Maintaining the good relation between the all employees is very important and to maintain that relation HR has to set Some Basic Employee relation Rules of organization. I have chosen Vodafone Company to Discuss about Human Resource Planning In this paper. The Role of the Human Resource Planning Team is to create a plan of action to supply the demand. The main 4 steps of the Human Resource Planning Team is to Set Objectives Generate Alternatives Assess Alternatives Choose Alternative ABOUT VODAFONE Vodafone is one of the worlds leading company in mobile telecommunication, with a great presence in Asia, Europe, and the United States. Vodafone is an truly international mobile network company with having more than 260 million customers across the 2 markets and also partner networks in 42 more countries. In the United States this group operates as Verizon Wireless. Vodafone is 1st in UK and 11th globally in the Brands most powerful brands ranking. VODAFONE OVER THE YEARS Vodafone was started in 1984 under the name of Racal Electronics Plc. After in September 1991 it is demerged from the Racal Electronics Plc and changed the name to Vodafone Group Plc. Again after merging with the AirTouch Communications, Inc., Vodafone Changed its name to Vodafone AirTouch Plc on 29 June 1999. On 28 July 2000 it changed to the former name Vodafone Group Plc. KEY MILESTONES OF VODAFONE In January 2007 Vodafone reaches their number of customers to 200 million. In March 2006 Vodafone customers with 3G is reached to 10 million. In 2004 Vodafone launches their first 3G service in Europe. In 2002 Vodafone starts global mobile payment in Germany. This helps customers to buy goods by using the Vodafone mobile. Also in 2002 only Vodafone Starts the GPRS roaming Service, it helps customers to access e-mails on their phone. In 2001 Vodafone Introduces SMS. Vodafone makes the first 3G roaming call in world in between Japan and Spain. The role of the mobile phone in the society has changed tremendously over the years. Vodafone is having 1,150 directly owned stores, which sell services to new customers upgrade or renew for existing customers and also Vodafone having 6,500 branded stores, which sell Vodafones products and services exclusively. And also Vodafone is planning to open 90 more stores in Spain and 21 more stores in Romania during this year. Mission Statement/Statement of Values Vision and Values Our Vision and Values guide the way we act. Our Vision To be the worlds mobile communication leader enriching our customers lives through the unique power of mobile communications. Our Values Our Values are about the way we do things. They describe the way Vodafone people are expected to behave within the business, to help turn our vision to reality. Passion for customers: Our customers have chosen to trust us. In return, we must strive to anticipate and understand their needs and delight them with our service. Passion for our people: Outstanding people working together make Vodafone exceptionally successful. Passion for results: We are action-oriented and driven by a desire to be the best. Passion for the world around us: We will help the people of the world to have fuller lives both through the services we provide and through the impact we have on the world around us (csr globe). In Vodafone they are providing very good training for their employees to reach their Goals. The few tasks of the HR Training Developer in Vodafone are: Perform development, of training materials and user documentation within HR Perform delivery of super user/train the trainer/end user sessions Produce training needs analysis as required for HR Owner of the Finance element of the core training library Liaison with transformation, and the transition team (vodafone careers). For the Excellent HR Initiative Award Vodafone Malta has been selected by the Foundation for Human Resources Development. This award tells that the companys encouragement for employees towards their career growth and as well as companys growth. And it tells about the good training that Vodafone is providing to their employees to reach the organization goals. Vodafone conducts the Performance Management Process to rate the employees. Calibration is an important step in the Performance Management Process to rate the employees in a fair throughout the organization. Martin Gregory, Vodafone Malta Head of Human Resources, said: Our people have a big impact on how we perform as a business and on our success. We are proud to be recognized by the Foundation for Human Resources Development for our accomplishments in this area. Matthew Brearley, Director of HR, Comms Property for Vodafone Ltd talks about building staff momentum and leading through budget cuts in this most modern of giants. Matthew Brearley was appointed UK HR Director at Vodafone in 2006 having previously worked at British Foods, BQ and Marks and Spencer. At MS Matthew Brearleys role involved overseeing the People Strategy and transformation of HR for a workforce of 57,000 employees across 320 stores.Matthew is currently applying his skills and experience to drive performance and efficiencies at Vodafone. Matthew Brearley holds a key role on the UK board working closely with Vodafones UK CEO Nick Read. Matthew Brearleyis truly focussed on HR at the heart of business, how Vodafone must drive through change in an increasingly tight economy, and the critical role of leaders (meettheboss, 2009). The purpose of the HR function in Vodafone is they take the real company strategy and its bring into the live organization to the people to build the capabilities and creating the environment and culture. The main Steps in the Human Resource Planning are Forecasting, Inventory, and audit. Short-Term Human Resource Planning Many I/O psychologists work on activities related to designing and implementing programs (e.g., recruitment, selection systems, and training programs) to meet shortterm organizational needs. Such activities generally involve an element of planning in that they are future-oriented to some extent. Even projects for which objectives are expected to be achieved in as little time as a few months have, ideally, been designed with an understanding of how the short-term objectives are linked to the achievement of longer term objectives. For example, an aeronautics company engaged in a recruitment campaign to hire 100 engineers should have a clear understanding of how this hiring goal will help the company achieve long-term goals such as becoming the worlds most innovative company in that industry. This hypothetical company also might have a college recruiting drive designed to find 75 college graduates to enter a trainingprogram in recognition of the fact that a growing company needs to prepare for the middle managers it will need 5 to 7 years hence, as well as the top level managers it will need in 10 to 15 years. As this hypothetical example highlights, in order for a clear linkage to exist between human resource planning and strategic business planning, it is essential that an organizations top executives have a fully articulated vision for the future, which has been communicated and accepted by managers throughout the organization. Long-Term Human Resource Planning: Increasingly, long-term human resource planning (for beyond three years) is becoming critical to the effective functioning of organizations. The rapidly changing and highly competitive worldwide marketplace is causing firms to turn to their human resources for survival and competitiveness. Because there is a greater understanding that an organizations work force cannot be turned around on a dime, long-term human resource planning is gaining currency. It is an activity that demands integration of the skills and knowledge of the human resource planner and all the other executives responsible for strategic planning. Although there are many types of long-term planning efforts, we use succession planning as our primary example of the process (HRPlanning pdf).

Essay --

Jordan Guzman 1- 2-14 Mather HS P-8 Did you ever wonder about how the religion Muslim started? Muhammad was meditating in a cave in 610 AD, he was overcome by a powerful force and was instructed to recite. Attracted to Islam’s message of equality and social reform, people of different backgrounds converted and followed the Five Pillars of Islam: belief, prayer, fasting, alms-giving, and pilgrimage. After Muhammad died in 632, there was confusion over who should lead the Muslims. Muhammad was born in around 570 C.E. in Mecca, modern day Saudi Ar... Essay -- Jordan Guzman 1- 2-14 Mather HS P-8 Did you ever wonder about how the religion Muslim started? Muhammad was meditating in a cave in 610 AD, he was overcome by a powerful force and was instructed to recite. Attracted to Islam’s message of equality and social reform, people of different backgrounds converted and followed the Five Pillars of Islam: belief, prayer, fasting, alms-giving, and pilgrimage. After Muhammad died in 632, there was confusion over who should lead the Muslims. Muhammad was born in around 570 C.E. in Mecca, modern day Saudi Ar...