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Branson
Richard Branson leads the Virgin Group as an inspirational leader with a high amount of personal charisma. His views on doing business in an unconventional manner and believing in the power of motivation characterize his style as almost a servant leader. By meeting the needs of his employees, Branson is able to build a team around him that is willing to work hard to overcome obstacles. This paper will outline Branson's leadership style and assess whether that style might translate well to the American market.
Chapter 10 outlines three basic models of leadership. The first is traits leadership, which holds that characteristics of the individual can be used to determine whether or not that person would be an effective leader. Four traits that have been specifically identified are intelligence, maturity and breadth, achievement drive and integrity. A great leader, therefore, should have all four of these in abundance. Branson…
Works Cited:
Chapter 10: Leadership and Team Behaviors.
Chapter 11: Leadership and Team Behaviors.
ichard Branson
Describe Branson's leadership style terms leadership models addressed Chpts. 10 & 11 evaluate effectiveness style U.S. today. 2. ecommend a leadership style (combination styles) make Branson effective leader
ichard Branson: Leadership style
ichard Branson is the charismatic CEO of the Virgin Group Ltd. Branson is internationally famous for his iconoclastic approach to leading his organization. Branson can be characterized as a transformational leader, intent upon using his somewhat unsystematic personality to inspire success amongst his followers. Branson's success came early in life and he continues to prove himself to be an adaptable leader who inspires devotion. "Sir ichard Branson had his first jolt of entrepreneurial success when he published a magazine at 16. Since then, he's become a respected leader of cutting-edge enterprises and an inspiring pioneer of humanitarian projects" as well as Virgin (Adonis 2010). It is important to note that although Branson could be characterized as…
References
Adonis, James. (2010). Richard Branson's leadership tips. Sydney Morning Herald. Retrieved:
http://www.smh.com.au/small-business/blogs/work-in-progress/richard-bransons-leadership-tips-20100819-12rcr.html
Crush, Peter. (2010). Exclusive: Sir Richard Branson talks to HR Magazine about leadership.
HR Magazine. Retrieved: http://www.hrmagazine.co.uk/hro/features/1018119/exclusive-sir-richard-branson-talks-hr-magazine-leadership
Richard Branson Analysis
Leader Critique
A Critique of the Leadership Style of Sir Richard Branson
Sir Richard Branson makes an excellent example of an interesting leader to study. Branson's parents provided a relatively unique upbringing and raised him to be as independent as possible. For example, his mother was a stewardess for an airline and also a performer who would create challenging games for her children to play. She would do things like drop off a young Richard Branson in a field close to their hose and make him find his own way home. Another example is that she would tell him to ride his bike to the next town over and then find his way home again (Finkle, 2011). His parents also preached the values of free thought and encouraged him to make his own opinions about life but distilled the importance of hard work as a way to…
Works Cited
Bass, B. (1985). Leadership and performance beyond expectations. New York: Free Press.
Bass, B. (1999). Two decasdes in research and development in transformational leadership. European Journal of Work and Organizational Psychology, 9-32.
Blodget, H. (2014, October 18). Richard Branson Responds To Elon Musk's Criticism; 'We're About To Prove Him Wrong'. Retrieved from Business Insider:
Leadership of ichard Branson
ichard Branson is arguably one of the most successful entrepreneurs of all time. Other great business leaders in his class include, but they are not limited to, Steve Jobs, Jack Welch, and Donald Trump. Although all have been hugely successful in their respective areas of operation, all the three leaders I have mentioned above have different leadership styles. This text concerns itself with the leadership of ichard Branson. In so doing, it will amongst other things take into consideration his leadership style and success at the helm of one of the world's most recognizable business brands, the Virgin Group.
The Leadership of ichard Branson
From the onset, it should be noted that ichard Branson is a charismatic leader. Charismatic leadership according to Lussier (2011, p. 337) "is a leadership style that inspires loyalty, enthusiasm, and high levels of performance." In that regard, therefore, a charismatic leader…
References
Griffin, R. (2007). Fundamentals of Management (5th ed.). Mason, OH: Cengage Learning.
Lussier, R. (2011). Management Fundamentals: Concepts, Applications, Skill Development (5th ed.). Mason, OH: Cengage Learning.
Morschett, D., Schramm-Klein, H., & Zentes, J. (2011). Strategic International Management: Text and Cases (2nd ed.). New York, NY: Springer.
Preston, J. (2014). Richard Branson: How to be a Real Leader. Retrieved from http://www.virgin.com/entrepreneur/richard-branson-how-be-real-leader
Sir ichard Branson, who is the founder and chairman of Virgin group limited, has been identified as a transformational leader. His form of leadership is liked and disliked by many across the globe. Branson has been known to have a different way of leadership which has led the Virgin group to go through thick and thin over the years. Even though the company now has a total of 50,000 employees and makes about 20 billion dollar sale every year, it has suffered setbacks because of Branson's leadership as well. The leadership Branson exhibits attracts his followers possibly because he is so open about everything. The strategies and skills that he puts forward are not a secret and are very doable as well. Branson went on to openly declare how and when he had caused damage to the company. When the leader tried to launch n Mp3 player or insisted on…
References
Martindale, N. (2011). Leadership Styles: How to handle the different personas. Strategic Communication Management, 15 (8), pp.32-35.
Phillips, R.L., & Hunt, J.G. (1992). Strategic leadership: A multiorganizational-level perspective. Westport, Conn: Quorum Books.
Tangpinyoputtikhun, P. And Tiparos, K. (2011). A Study of Congruence of the Behavior of Follower Fit with Leadership Style That Affect Work Performance . Journal of Academy of Business and Economics, 11 (3).
Waugh, R. (2012). Sir Richard Branson will fly into space next year - along with Angelina Jolie and 529 other passengers paying £128,000 each. Mail Online, [online] 11 July. Retrieved from: http://www.dailymail.co.uk/sciencetech/article-2172022/Sir-Richard-Branson-fly-space-end-year -- hes-bringing-family-529-passengers-paying-128-000-each.html [Accessed: 18 December 2012].
Branson cites his early management decisions at Virgin ecords as prime examples of this people-oriented approach:
At Virgin records we attracted some of the best artists because they liked the way we ran it. We never lost a major artist in 20 years which is quite rare in the record industry. We dressed as we felt comfortable. We worked in pleasant buildings rather than office blocks and people working there had fun, enjoyed the job, enjoyed challenging, taking on the major record companies. (Glancey & McQuaid, 2000, p. 94)
If Virgin ecords was going to about catering to the musical tastes of a new generation, then the company that supplied those wants was going to have to be a company that operated in accord with the views and aspirations of that new generation. Traditional business attire and the smug accoutrements of the typical corporate headquarters would be dispensed with in…
References
Branson, Richard. (2006). "About Richard." From, Losing My Virginity, as it appears on the Virgin.com web site. Virgin.com. URL: http://www.virgin.com/aboutus/autobiography/ .
Hopkins, Michael S. (2006). "Richard Branson, Virgin Group." 26 Most Fascinating Entrepreneurs. Inc.com. New York: Mansueto Ventures, LLC. URL: http://www.inc.com/magazine/20050401/26-branson.html .
A www.questia.com/PM.qst?a=o&d=5001329434
Charles, L. (1998, March 20). Who Needs the NME?. New Statesman, 127, 9. Retrieved September 27, 2006, from Questia database: http://www.questia.com/PM.qst?a=o&d=5001329434
Leadership of ichard Branson
Determine two (2) key ways in which ichard Branson is likely to motivate employees in order to achieve his goals for the Virginia Group. Indicate whether or not his approach is likely to work in a different organizational setting. Provide support for your rationale.
Ensuring that the workforce is focused and always motivated can be a very tricky skill for most employers to master particularly when there is a stretch of time and resources. For ichard Branson this seems like an insurmountable challenge with the size of Virgin group and the diverse companies under it. ichard Branson has recognized the influence that the culture of the company has over the members of staff. There are two key ways that ichard Branson is likely to motivate employees in order for him to achieve hos goals for the Virgin Group. The first way is through inviting them to…
References
Daft, R. (2012). Management (10th ed.). Mason, OH: Cengage Reference
Preston, J.(2010). Richard Branson: how to energize your employees. Retrieved March 15,2014 from http://www.virgin.com/entrepreneur/richard-branson-how-energise-your-employees
Branson, R.(2013). Richard Branson: Five Secrets to Business Success. Retrieved March 15,2014 http://www.entrepreneur.com/article/228382
owner of Virgin Company, ichard Branson. The paper puts special emphasis on the leadership style of Branson. It talks about his ease of interaction with the employees and his impulsiveness that he had. There is also comparison between transactional and transformational forms of leadership.
Sir ichard Branson has been given many titles for his extra ordinary working abilities and plans. Branson has been termed as a transformational leader and this title is appreciated and criticized by a lot of people. Where Branson is known to make impulsive decisions, his interaction with his employees is quite remarkable as well. His leadership characteristics have caused the Virgin Company many losses but may benefits as well. Till this day, the company has a total of 50,000 employees. Along with having such a big employee count, the company goes on to make a lot of sales as well. Having sales of about 20 billion…
References
Martindale, N. (2011). Leadership Styles: How to handle the different personas. Strategic Communication Management, 15 (8), pp.32-35.
Tangpinyoputtikhun, P. And Tiparos, K. (2011). A Study of Congruence of the Behavior of Follower Fit with Leadership Style That Affect Work Performance . Journal of Academy of Business and Economics, 11 (3).
Waugh, R. (2012). Sir Richard Branson will fly into space next year - along with Angelina Jolie and 529 other passengers paying £128,000 each. Mail Online, [online] 11 July. Retrieved from: http://www.dailymail.co.uk/sciencetech/article-2172022/Sir-Richard-Branson-fly-space-end-year -- hes-bringing-family-529-passengers-paying-128-000-each.html [Accessed: 18 December 2012].
Today, he challenges his employees, and stimulates them to work in strong, self-monitoring and self-efficacy spirited teams. "Branson […] relishes teamwork and brings it into play in his entrepreneurial ventures. He has 'an advisory team whose job is to capture his entrepreneurial ideas and wrestle them into some kind of corporate structure that is both attractive to investors and palpable to him.' He also gives others opportunities to develop their ideas into business ventures that he backs" (McCuddy and Morgal).
But not only that he guided himself by attributions, he also became their target. Probably the most relevant example in this sense is offered by the years spent in educational institutions, where he struggled due to dyslexia and poor eyesight, resulting in a poor social perception of the future entrepreneur. It could be possible that his being attributed the perceived characteristics of laziness and stupidity motivated him to prove his…
Reference:
McCuddy, M.K., Morgal, M.L., Sir Richard Branson: Development of an Entrepreneur
Leadership
SADDAM HUSSEIN VS ICHAD BANSON
COMPAISON OF LEADESHIP SKILLS AND ABILITIES
In comparing two very successful leaders we will be able discern the key qualities and actions that made them either a good leader or a bad leader. The path both Saddam Hussein and ichard Branson took to elevate themselves to the high level leaders each of them became will be discussed and I will compare and contrast the methods of leader development and the advantages and disadvantages each provides.
Saddam Hussein
Born in Tikrit, Iraq in 1937, Saddam Hussein endured a humble existence and difficult childhood. Nevertheless, the secularist Hussein was a political animal who rose through political ranks with the Ba'ath Party, learning his leadership methods by studying Josef Stalin (Hickman, 2003). In 1968, a bloodless coup by the Ba'ath Party resulted in the Presidency of Ahmed Hassan al-Bakr and the high government position of al-Bakr's Deputy…
References
Biography.com editors. (n.d.). Richard Branson biography. Retrieved from www.biography.com: http://www.biography.com/people/richard-branson-9224520
Biography.com editors. (n.d.). Saddam Hussein biography. Retrieved from www.biography.com: http://www.biography.com/people/saddam-hussein-9347918
Feloni, R. (2015, October 19). Richard Branson explains his 10 rules for being a great leader. Retrieved from www.businessinsider.com:
entrepreneurial leaders, charismatic Richard Branson and visionary Muhammad Yunus, and discusses their leadership styles and major business principles.
Richard Branson
ho would have guessed that this high school dropout would become a billionaire and world-renowned entrepreneur? Born Richard Charles Nicholas Branson on July 18, 1950 in Surrey, England, Branson launched his first successful business at age 16. Branson struggled with dyslexia until he dropped out of boarding school to launch a youth culture magazine called Student. The publication was run by students, for students and sold $8,000 worth of advertising in its first edition. The first run of 50,000 copies was disseminated for free, after Branson covered the costs with advertising (Bio, 2011).
Branson went on to become the founder of the Virgin Group, an international conglomerate of some 350 companies, all of them combining for more than $8 billion in annual sales. He became Sir Richard Branson when he…
Works Cited
Bio. (2011). Muhammad Yunus biography. Retrieved October 21, 2011 from: http://www.biography.com/people/muhammad-yunus-218222
Bio. (2011). Richard Branson biography. Retrieved October 21, 2011 from: http://www.biography.com/people/richard-branson-9224520
Gangemi, J. (2005). Nobel winner Yunus: Microcredit missionary. Bloomberg Businessweek. Retrieved October 21, 2011 from:
Branson
Describe Branson's leadership style in terms of the leadership models addressed in Chapters 10 and 11 and evaluate the likely effectiveness of that style in the U.S. today.
Sir Branson's leadership style is the combination of authentic and transformational. He believes in hiring staff that have the skills to perform effectively. he authentic leadership style leads the way to his skill to work with the understanding that people make mistakes and they can be corrected while the work continues. As a transformational leader he demonstrates the capability needed to foresee company development, inspire and empower staff. With these attributes it requires him to have balance as a leader in the day-to-day working environment while creating a productive work environment and focusing on company goals.
According to Chapter 1, "Leadership is the process of developing ideas and a vision, living by values that support those ideas and that vision, influencing…
This leader is known as a risk taker and someone who is always looking for new projects as attempts to elevate his business to new levels. With the input and help of a strong management staff, Virgin Group is comprised of retail, air travel, financial, music, books and telecommunications. Branson is at the helm of a multi-million dollar global business, so his leadership style has proven to be quite successful with his decision-making and people skills.
He developed his entrepreneur ability at an early age. As a person who by society's standards was not successful academically and suffered with dyslexia, he never let others define him. Instead what some saw as a weakness it was used to his advantage, while pursuing his dream of being a top business leader. Overall, his inexperience and personal treatment from others helped with creating a strong commitment to treating people with respect. "Virgin Group is an organization driven on casualness and data, one that is bottom heavy rather than one that is made difficult by upper-level management. (Richard Branson/Herb Kelleher-Leader Extraordinaire, 2012, Pg. 1).
For a number of years Branson has been leading global teams by recognizing how valuable staff is to the success of a business. The additional skill needed is to be aware of the societal and organizational culture and global laws that affect business. In Chapter 11, "Societal culture is shared motives, values, beliefs, identities, and interpretations or meanings of significant events that result from common experiences of member of collectives and are transmitted across generations (Hellriegel & Slocum, 2011,
He also is the richest man in the world, and came from a high-achieving family. (His mother was a college regent and the head of United Way.)
Gates was known for years as an autonomous loner. He did not marry until he was nearly 40, and he keeps a very low public profile, unlike the more charismatic and outgoing Branson.
Gates is legendary for his need for dominance. Neither he nor Branson "need" to work anymore, they could live comfortably off their income for the rest of their lives. However, Gates continues to run Microsoft, and be involved in all the decision making. He is "transitioning" out of the leadership role to lead his charitable foundation, but it will take two years and he will still be involved in high-level decisions. It seems it is very difficult for him to give up the reins and he must dominate the company…
Hierarchy Leadership
Henry IV Part
There are many fears people have for the unknown. However, the confidence a leader has when facing unknown risks sets him apart. That is an aspect ichard Branson the Chief Executive Officer of the virgin group understands and takes to his advantage. He faces the risks coming his way with confidence as he drives his team towards the achievement of his company goals and objectives. For ichard Branson, there is always a positive end to every challenge faced, and that drives him courageously to face any difficulties. ichard Branson has managed setting up standards for a vast range of virgin logo. He has a vast empire, entertainment industries like Virgin records, telecommunications ventures like Virgin Mobile and airline business such as Virgin Atlantic Airways (Lambert, 2012). The major aim for ichard is self-achievement. This is a part of life; he has reached through several challenges.…
References
Branson, R. (2012). Richard Branson: Be a Leader - Not a Boss. BasinessDay, Retrieved from http://www.business day.co.zalarhcles/Content.aspx?iF162636
Branson R. (2011). How Can I Empower Employees? Entrepreneur, Rehievedfrom http://www.entrepreneur.co ml article/2l7 880
Branson, R. (2011). Look Good in a Corporate Photo. Bloomberg Businessweek,
Collins, J. (2001). Level 5 Leadership: The Triumph of Humility and Fierce Resolve, Harvard Business Review, Retrieved from http://www.sturgesspurtill.com.aullibrary/Leadership.pdf
Leadership
Few leaders so overtly and ostentatiously embody the concept of transformational leadership as Sir Richard Branson. Branson heads the mega company Virgin Group. The leader's unconventional personality has been described as vocal and flamboyant, (Management and Leadership of Richard Branson at Virgin Group Ltd., 2010). Although Branson is known for his personal charisma, he does not limit himself to a charismatic leadership style. Charismatic leaders operate on the assumption that Charm and grace are all that is needed to create followers, (Leadership Styles, Changing Minds).
From his charismatic character flows a natural leadership style that encourages personal freedom of choice at the managerial level. Thus, Richard Branson can be best appreciated as a transformational leader, and one who has extraordinary vision. Transformational leadership is characterized by the empowerment of workers to make decisions that promote organizational goals, visions, and values. Transformational leaders aim to achieve an articulated vision of…
"Management and Leadership of Richard Branson at Virgin Group Ltd." (2010). UPX Success. Retrieved online: http://www.upxsuccess.com/leadership_richard_branson.html
"Most Recognized Organizational Leadership Models." Retrieved online: http://hubpages.com/hub/Global-Leadership-Models
Murray, A. (n.d.). Leadership styles. The Wall Street Journal. Retrieved online: http://guides.wsj.com/management/developing-a-leadership-style/how-to-develop-a-leadership-style/
Organizational Leadership and Performance
The environment in which leaders of today operate is increasingly global. It is important to note, from the onset, that today's globalized environment significantly differs from the environment business operated in a couple of decades ago. In addition to being fast-paced, today's business environment is also more competitive and complex. The demands of the current era have meant that leaders of today must embrace new leadership approaches -- different from those applied by their predecessors two or three decades ago.
The Need to Appreciate Diversity
Today, every leader, as Daft (2014, p. 326) points out, "needs to understand the complexity of diversity issues, learn to create an inclusive culture, and support the development of minorities…" Unlike was the case a few decades ago, today's leaders are expected to lead teams of individuals, all of whom come from diverse backgrounds, ethnic roots, and have different motivations. It…
References
Adair, J. (2009). Leadership and Motivation: The Fifty-Fifty Rule and the Eight Key Principles of Motivating Others. Philadelphia, PA: Kogan Page Publishers.
Bell, A. (2011). Great Leadership: What it is and What it Takes in a Complex World. Mountain View, CA: Davies-Black Publishing.
Cancialosi, C. (2014). Today's Leaders Must Learn to Thrive in Disequilibrium. Retrieved from http://www.forbes.com/sites/chriscancialosi/2014/07/28/todays-leaders-must-learn-to-thrive-in-disequilibrium/
Daft, R. (2014). The Leadership Experience (6th ed.). Stamford, CT: Cengage Learning
He also held weekly cookouts and he stood in line with all the crew to show he was on equal footing for that day.
Peter Drucker
One of Abrashoff's heroes was Peter Drucker, often referred to as the "father" of the modern management theory. Drucker predicted the emergence of the innovative knowledge worker -- the kind of talented employee that electronics firms hire as often as they can -- and he developed a management style that sought to "…embrace team members' creativity and intellectual contributions," according to M.E. Oss, writing in Behavioral Healthcare. Drucker developed the idea of decentralizing the workplace, and viewing the workplace as a "human community" that should be built on full trust and deep respect for the worker, not just a place where profit is the sole motive (Byrne, et al., 2005). Drucker treated the workers as "assets" rather than "liabilities" and long before other management…
Works Cited
Abrashoff, Michael D. (2002). it's Your Ship: Management Techniques from the Best Damn
Ship in the Navy. New York: Warner Books.
Alic, John a., and Harris, Martha Caldwell. (1986). Employment lessons from the electronics
Industry. Monthly Labor Review, 27-31.
Leadership
Analyze describe founding leader(s), leadership style, major business principles a profit-oriented entrepreneurial approach primary goal provide a product service consumers make a profit. 2. Analyze describe founding leader(s), leadership style, major business principles a social-responsibility oriented entrepreneurial approach primary goal make a positive impact society (people, families, ecology, similar) providing a product service consumers make a profit.
Leadership style refers to the method or manner in which a person provides guidance regarding a particular issue, implements plans or motivates people in order to get a particular job done or goal achieved Baumgartel, 1957.
There are there major leadership styles that are seen in the various leaders all over the world Lewin, 1944()
The first is the authoritarian or autocratic leader. This is the leader who is a dictator and tells his employees or servants what they want to be done, how they want it done and any recommendations that…
References
Baumgartel, H. (1957). Leadership Style as a Variable in Research Administration. Administrative Science Quarterly, 2(3), 344-360.
Hirschman, C. (2008). GIVING Voice to Employee Concerns. [Article]. HRMagazine, 53(8), 50-53.
Lewin, K. (1944). A Research Approach to Leadership Problems. Journal of Educational Sociology, 17(7), 392-398.
Schein, E.H. (1985). Organizational Culture and Leadership: A Dynamic View. San Francisco, CA: John Wiley & Sons, Incorporated.
However, during that time, the car sales industry was experiencing a recession and Virgin Cars was caught up in the midst of this recession. Therefore, even though through franchise agreements with manufacturers they could stock many cars without paying for them, car sales slumped considerably thus the company was not able to turn a profit.
Among the actions that could have been taken by Virgin Cars to make it successful was taking time to design the business plan and site their stores in order to make sure they gain the most competitive advantage. Secondly, by researching the car sales industry and profile the market before starting the business. By so doing, they would have been able to set more realistic expectations for car sales and device strategies to improve sales despite the recession.
Conclusion
Diversification as a strategy for business growth usually gives rise to successful companies. The strategy of…
References
Ansoff, I. (1957). Strategies for Diversification. Harvard Business Review, 35(5), 113-124.
Balmforth, J. (2009). Virgin Atlantic. London: Midland Publishing Limited.
Branson, R. (2006). Virgin Atlantic Airways. [Article]. Aviation Week & Space Technology, 165(13), 20-20.
Dominic, O.C. (2006). End of the road for Virgin Cars as Branson gets out, Sunday Times, the.
Survival Exercise
Leader: Abdulhamid Albakoush
Present: All Members
Absent: None
The first group exercise we embarked upon was a 'survival exercise.' The group was given a hypothetical life-and-death situation in which we all had to work together to make effective decisions to benefit the group. All of us had a mutually shared objective (survival) even though we may have had differences about the best way to achieve that objective. The group exercise thus began with a common focus, a necessary component of group formation.
The hypothetical situation was that we had just crash-landed in the Canadian wilderness. First, we had to list items that were most useful to take with us to survive on an individual basis before coming together to reach a consensus as a group about what we should do. Much like the situation would be in 'real life' we began as a group of disparate individuals, but…
Despite these constraints, it is reasonable to assume that anyone able to invest $100,000+ in a five-minute space flight will be able to afford the trip.
Future Trends.
Given NASA's historic lack of enthusiasm for commercial space travel, it is reasonable to conclude that private initiatives such as SpaceShipOne are going to remain at the forefront of private space travel in the near future. In fact, NASA's Strategic Plan only contains a minor reference to the importance of the commercialization of space in the section entitled "Administrator's Strategic Outlook," wherein the NASA administrator references six areas of interest as NASA priorities with commercial space ventures being only briefly mentioned at the end of the last area of interest (Hudgins, 2002). According to this author, "Barriers to space enterprise result from the way these important space policies treat space commerce. One can readily conclude that commercializing space is not a high…
References
Coren, M. (2004a, June 20). Commercial space travel next leap for mankind? CNN: Science and Space. Retrieved October 5, 2007 at http://www.cnn.com/2004/TECH/space/06/18/ssone.flight.history/index.html .
2004b, July 14). Private craft soars into space, history. CNN: Science and Space. Retrieved October 5, 2007 at http://www.cnn.com/2004/TECH/space/06/21/suborbital.test/index.html .
Graham-Rowe, D. (2007, January 18). UK rocket man who's racing the billionaires into space. The Evening Standard (London, England), 14.
Hudgins, E.L. (2002). Space: The free-market frontier. Washington, DC: Cato Institute.
Leadership
Comparing Characteristics of Leaders and Managers
The term leader and manager is often used in an interchangeable manner and it is likely that at some point most leaders have undertaken a management role. However, when looking at leaders and managers there are some distinct differences. These can be considered in terms of their characteristics and the way these characteristics manifest. A common theme in much literature is the way in which leaders may be identified as they have followers and inspire others
This refers to the concept of leaders having charisma. In this context there are many examples of leaders both good and bad. Leaders which fit in with this context include, John F. Kennedy former U.S. President, Nelson Mandela the South African leader, Richard Branson founder of the Virgin empire and Howard Schultz the CEO and inspiration behind Starbucks. These are all examples of charismatic leaders
. They…
Social Media etailing Applications: Opportunities and Threats
How Has Social Media Developed and What are the Benefits and Downsides of Using Social Media for etailers Today?
This study examines social business in general, how it developed and the benefits of using social media in particular. Second, this study provides a discussion concerning the potential positive as well as the effects of social business in the retail sector which is followed by a description of optimal business strategies for social media applications, the pros/cons of using these tools in the industry, and some representative case studies concerning companies that succeeded and some that recently failed in their use of social media. Finally, the study provides a summary of the research and important findings is followed by a series of recommendations concerning how retailers should use social media technologies in their own businesses in the concluding chapter.
Social Media Business Applications
Chapter…
References
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Baumann, M. (2010, June). @Twitter Discloses Business Model #Promotedtweets RT.
Information Today, 27 (6) 1-5.
The 2007 BCB survey averaged out to 7.5 out of a possible 10 "with regard to the perception of the services it offers." In the section dedicated to Barcelona's "worldwide image" the 2007 survey reached 8 out of ten from those visitors participating in the survey.
Spain isn't the only attractive meetings tourism destination by any means. There are countries all over the world seeking to attract business travelers that are part of conventions, conferences, seminars and other business-related gatherings. China is also an appealing destination for meetings tourism. The Jiangsu Tourism Company spells out some "useful tips for Meeting Planning in China" (http://tastejiangsu.com).
The old Japanese saying, "The protruding nail gets hammered down" is linked by the travel service to the possibility that some business travelers that are part of a meetings tourism group may commit a "major faux pas" during the business sessions. Hence, the ebsite explains, one…
Works Cited
About.com. "What is Adventure Travel." Retrieved Nov. 16, 2010, from http://www.adventuretravel.about.com . (2010).
Bawaba, Al. "Malaysia Still Has Room to Grow in Health Tourism, Says Liow." Malaysian
Government News. Retrieved Nov. 16, 2010, from GaleGroup.
Berger, Karen. "Types of Adventure Travel Tours: Challenges, Features of Soft, Medium, and Hard-Core Adventure Trips." Suite101.com. Retrieved Nov. 16, 2010, from http://www.suite101.com (2009).
There were problems with the plane however, and utan made modifications to create the Long Eze (the plane singer John Denver was flying when he was killed in 1997).
utan's construction techniques gained the attention of NASA, and he partnered with them and other aircraft corporations to design high-speed, low cost, delta-wing aircraft, like the AD-1 in 1980. utan formed Scaled Composites about this time, and spent much of this time working on very creative and innovative aircraft designs. His brother, ichard utan also joined the company during this time. utan's next challenge was to design an aircraft that could circle the globe without refueling. utan succeeded in this goal when he designed the Voyager, a masterpiece of engineering that indeed circled the globe with his brother Dick utan and Jeana Yeager on board in December 1986. They covered the entire globe in just about nine days, with eighteen gallons…
References
Editors. "About Rutan Aircraft Factory, Inc." RutanAircraft.com. 2003. 18 Sept. 2007. http://www.rutanaircraft.com/htmlpages/rutancompany.html
Editors. "Scaled Composites." Scaled.com. 2007. 18 Sept. 2007. http://www.scaled.com/
Heppenheimer, T.A. A Brief History of Flight: From Balloons to Mach 3 and Beyond. New York: Wiley, 2001.
Space Vehicles for Future Space Tourism
Developing Space Vehicles for Future Space Tourism
Today, certain individuals in the developing countries could be viewing "space tourism" as vocabulary. Nonetheless, in the developed countries, this term is turning to be more familiar and gradually becoming a holiday experience for world Forbes. This is an expensive venture that is exciting, stunning, adventurous, and relatively remains the least exploited phenomena in the world history. Since the first "space tour" in 2001, the rich stamps their foot on a fact that wherever they can go, the poor cannot manage to go, and what the poor can do, they can do best. Over the past few decades, the general perception about space tourism has been changing yearly. History reveals that this perception considered space tourism as a "science fiction." However, this term currently gains recognition and is becoming the most important grand target for the growing…
References
Ashford, D.M. (1984). Space tourism: Key to the universe? Journal of Spaceflight, 26(4), 123-
Bono, P. (1973). The reusable booster paradox: Aircraft technology or operations? Journal of Space Flight, 9(3), 379-387.
Broz, T.A. (1985). NASA administrator rules out shuttle for space tourism. Commerce on Space Tourism, 9(8), 68-77.
Gerard, M. & Jefferson, P. (1998). International cooperation in space: New government and industry relationships. Journal of Space Exploration, 9(5), 27-39.
USAA
Executive Summary
The United Services Automobile Association (USAA) specializes in providing insurance for individuals and families of the military community. From auto insurance to renters insurance to flood and life insurance, USAA is there for service men and women who have put themselves on the front lines to serve their country. For that reason, USAA is there to serve them: indeed, the company’s slogan is: “We know what it means to serve” (USAA, 2018). The organization also offers investment products, loans, banking services, advice, mortgage assistance and more. This paper will provide the mission and vision statement of USAA, describe the types of products the organization offers and discuss best practices and motivation techniques used by the company from an employee’s perspective.
Mission
The mission of USAA “is to facilitate the financial security of its members, associates, and their families through provision of a full range of highly competitive…
Reflecting on Management
1
The new managerial skills that I learned about were related to the importance and value of managing an environment (not just workers) so as to cultivate a workplace culture that promotes the vision and goals of the organization (Daft, 2015). To this end, I learned about how crucial it is to have a sense of duty and ethics and have the ability to communicate this sense to workers. As Schyns and Schilling (2013) show, when leaders and managers fail to lead by example, they create a divide between employees and management that can quickly lead to a sour culture and a collapse in productivity and morale. An ethical perspective and skill set helps to provide the organization with the right type of values that all workers can embrace. When a manager lacks an ethical framework for approaching the job of management, it opens the door to…
Abstract
This paper focuses on questions of ethics and unethical behavior in the workplace. It discusses what leaders can do to better create an ethical environment in which people are respected and ethical values are promoted. It provides some examples from the real world of what happens when organizations fail to act ethically, and it also examines some of the problems that led to the disaster that was the 2007-2008 economic collapse. Ethical principles such as utilitarianism and virtue ethics are explained in connection with these discussions. The issues of diversity and discrimination are evaluated at length, and the issue of corporate sponsored volunteer programs is discussed as well.
Keywords: ethics, workplace ethics, leadership ethics, organizational ethics
1
Some of the most common forms of unethical behavior in our workforce today consist of misuse of company funds, misuse of company time, fraudulent activity, and lying. There are many different examples…
MLK’s Style
Martin Luther King used ethos, logos and pathos in his Letter from Birmingham Jail by appealing to an ethical justification for his stance, making an emotional appeal, and making an appeal to logic. From the standpoint of ethos—or ethics—King states that he is there in Birmingham “because injustice is here” (King, 1963). As a Baptist minister and a leader of the civil rights movement, he feels he has duty and moral responsibility to be Alabama. He notes, moreover, that he did not show up uninvited but rather that because of “organizational ties,” he was asked to come and represent his organization, which had chapters all over. Thus, King was not an outsider inserting himself into regional politics but rather a concerned leader of a group that was directly impacted by the racism in Birmingham and thus he had a moral responsibility to take ownership of the issue.
King…
Frequent virtual meetings at the onset of the change team would be required to create a sense of teamwork and also to clarify roles. The virtual team can take full advantage of technologies that enable collaboration. By keeping in mind the core vision and its underlying values, a virtual change team can be every bit as effective as a live one.
eference
Hay, I. (n.d.). Transformational leadership. etrieved online: http://www.leadingtoday.org/weleadinlearning/transformationalleadership.htm
Lim, J.Y. (n.d.). Transformational Leadership, Organizational Culture and Organizational Effectiveness in Sport Organizations. etrieved online: http://www.thesportjournal.org/article/transformational-leadership-organizational-culture-and-organizational-effectiveness-sport-or
Yukl, G.A. (2002). Leading change in organizations. etrieved online: http://docs.google.com/viewer?a=v&q=cache:3HhW9jlhnmMJ:www.hss.doe.gov/deprep/archive/oversight/OrgCultureList/YuklOnCulture.pdf+yukl+functional+change&hl=en&pid=bl&srcid=ADGEEShM_w6gqSrEzWZ-uUX-v-AkxkiiFJutzoFrD6O2zj5Hu1zrCbgTzEL33_cpW5nN-aMhYqy_2HLWsdJVQq5fbn9wNqxrJTZlpnMXKi283D4M4IGnfc1QgUBErPwk7Khr-5zne&sig=AHIEtb3ujTiWDQkDjiKKZZD-jvFmpeTyw
Yukl, G.A. (2008). The importance of flexible leadership. etrieved online: http://docs.google.com/viewer?a=v&q=cache:0ZB72AcLc6kJ:www.kaplandevries.com/images/uploads/Importance_of_FL_SIOP08Yukl.pdf+multiple-linkage+model:+yulk&hl=en&pid=bl&srcid=ADGEESiDSwYcHX-gcBwH_QGKITxVgh5HmHfX5IYnSzMaPH0DDnOa5andwhqokJYcLSMmJ1-IUf0ZB9VPF0ib9x-tJseuG8kScir9-yK0zgNN073O-nAtAGysTtLJGXIQ6ua_aOYoBD&sig=AHIEtbQbvVU6LmhLhTJcWpWDpnUytxw1Q
Yukl, G.A. (2010). Leadership in Organizations. Prentice-Hall.
Reference
Hay, I. (n.d.). Transformational leadership. Retrieved online: http://www.leadingtoday.org/weleadinlearning/transformationalleadership.htm
Lim, J.Y. (n.d.). Transformational Leadership, Organizational Culture and Organizational Effectiveness in Sport Organizations. Retrieved online: http://www.thesportjournal.org/article/transformational-leadership-organizational-culture-and-organizational-effectiveness-sport-or
Yukl, G.A. (2002). Leading change in organizations. Retrieved online: http://docs.google.com/viewer?a=v&q=cache:3HhW9jlhnmMJ:www.hss.doe.gov/deprep/archive/oversight/OrgCultureList/YuklOnCulture.pdf+yukl+functional+change&hl=en&pid=bl&srcid=ADGEEShM_w6gqSrEzWZ-uUX-v-AkxkiiFJutzoFrD6O2zRj5Hu1zrCbgTzEL33_cpW5nN-aMhYqy_2HLWsdJVQq5fbn9wNRqxrJTZlpnMXKi283D4M4IGnfc1QgUBErPwk7KRhr-5zne&sig=AHIEtbR3ujTiWDQkDjiKKZZD-jvFmpeTyw
Yukl, G.A. (2008). The importance of flexible leadership. Retrieved online: http://docs.google.com/viewer?a=v&q=cache:0ZB72AcLc6kJ:www.kaplandevries.com/images/uploads/Importance_of_FL_SIOP08Yukl.pdf+multiple-linkage+model:+yulk&hl=en&pid=bl&srcid=ADGEESiDSwYcHX-gcBwH_QGKITxVgh5HmHfX5IYnSzMaRPH0DDnOa5andwhqokJYcLSRMmJ1-IUf0ZB9VPF0ib9x-tJseuG8kScir9-yK0zgNN073O-nAtAGysTtLJGXIQ6ua_aOYoBD&sig=AHIEtbQbvVU6LmhLhTJRcWpWDpnUytxw1Q
It is quite apparent that if the subordinates are not happy with the leader or the decisions that he makes, they will not work to the best of their ability.
A practical example of this sort of leadership is of Sir Richard Branson who is the owner of the Virgin Company. It should be noted that till this day, the company has a total of 50,000 employees. Despite having so many employees and such busy schedule, Sir Branson always looks after his employees and makes sure that none of their queries go un answered. He personally checks their emails or letters and replies to them. All his employees know that he goes thorough the email therefore they provide their input regarding company decisions as well. This sort of leadership exemplifies the notion that importance should be given to the subordinates as well. It is true that leaders may face tough…
Works cited
Fiedler, Fred Edward. "A contingency model of leadership effectiveness.." Advances in experimental social psychology. By Berkowtiz, Leonard. 1st ed. New York: Academic press, 2013. Print.
Kipnis, David. The powerholders. Chicago: The Univ. Of Chicago Press, 1976. Print.
Pruitt, Dean G. And Jeffrey Z. Rubin. Social conflict. New York: Random House, 1986. Print.
Van Der Vliert, Evert . Complex Interpersonal Conflict Behavior. London: Psychology Press, 1997. Print.
Aviation Book
According to Pilarski (2007), "the financial situation of the airline industry, especially in the U.S.A., has been between disaster and catastrophe," (p. 3). Financial wizards like Warren Buffet have made "bombastic pronouncements" related to the economic illnesses of the airline industry (9). Dynamic entrepreneur ichard Branson, himself seduced by the desire to own an airline, has likewise stated, "How do you become a millionaire? Start as a billionaire, and then buy an airline," (cited in "In-Depth Drilldown Of The Airline Industry - Part 1, 2012). Airline companies operate with razor-thin profit margins, if any at all. Moreover, the situation was bad enough befofre but has grown worse since September 11. "Since 9/11, we've seen tremendous changes surrounding the airline industry: security, regulations, and operational costs. Overall, these variables have had tremendous, and far-bearing, negative impacts on the industry," ("In-Depth Drilldown Of The Airline Industry - Part 1," 2012).…
References
"Global airline industry profits to falter at $3bn in 2012," (2012). New Statesman. June 11, 2012 Retrieved online: http://www.newstatesman.com/business/transport/2012/06/global-airline-industry-profits-falter-3bn-2012
"In-Depth Drilldown Of The Airline Industry - Part 1," (2012). Retieved online: http://seekingalpha.com/article/644991-in-depth-drilldown-of-the-airline-industry-part-1http://seekingalpha.com/article/644991-in-depth-drilldown-of-the-airline-industry-part-1
Pilarski, A.M. (2007). Why Can't We Make Money in Aviation? Burlington, VT: Ashgate.
Pilarski, A.M. (2010). The fallacy of airline mergers: Two drunks holding unto each other will not walk straight. Centre for Asia Pacific Aviation. Retrieved online: http://www.avitas.com/publications/adampilarskiarticles/The%20Fallacy%20of%20Airline%20Mergers%20Two%20Drunks%20Holding%20Unto%20Each%20Other%20Will%20Not%20Walk%20Straight.pdf
Leadership is difficult to quantify; studying it empirically is not a simple task, because so many different variables can be considered as the potential result of leadership. If we want to evaluate the leadership of a given CEO -- for example, to assess the leadership achievements of Mo Abudu, founder and CEO of EbonyLive TV and its various affiliated ventures (Inspire Africa, VLA) -- what statistics should we be measuring? The most popular measurement, of course, is purely financial, and regards a CEO as the sole motivating factor behind any company's economic performance -- most studies that examine Steve Jobs's leadership at Apple are quick to mention that, at the moment of Jobs's death, Apple actually had more money in the bank than the United States government (Isaacson 2012). But it is naive to assume that merely counting cash is a good way to measure leadership, just as rapid growth…
Referencess
Chen, C, Van Velsor, E. (1996) New directions for research and practice in diversity leadership. The Leadership Quarterly 7: 285-302.
Isaacson, W. (2012) Steve Jobs. New York: Simon and Schuster.
Northouse, P. G. (2007). Leadership: Theory and practice. Thousand Oaks, CA: SAGE publications.
Dangers linger in any relationship where one party holds power and the other party gives it. Any student of leadership, must recognize that tripwire, and assiduously avoid it through correctly recognizing the dangers that abuse of power can bring.
orks Cited
Bass, B., Atwater, L., & Avolio, B. (2008). The Transformational and Transactional Leadership of Men and omen. Applied Psychology, 5-34.
Beverly Alimo-MetcalfAlban-Metcalfe, J., Bradley, M., Mariathasan, J., & Samele, C. (2008). The impact of engaging leadership on performance, attitudes to work and well-being at work: A longitudinal study. Journal of Health Organisation and Management, 586-598.
Beyer, J. (1999). Taming and promoting charisma to change organizations. The Leadership Quarterly, 307-330.
Bolman, L., & Deal, T. (1991). Reframing Organizations. San Francisco: Jossey-Bass.
Pedler, M., Burgoyne, J., & Boydell, T. (1944). A Manager's Guide To Self-Development 4th ed. London: McGraw-Hill.
Ulrich, D., Zenger, J., Smallwood, N., & . (1953; CR 1999). Results-Based…
Works Cited
Bass, B., Atwater, L., & Avolio, B. (2008). The Transformational and Transactional Leadership of Men and Women. Applied Psychology, 5-34.
Beverly Alimo-MetcalfAlban-Metcalfe, J., Bradley, M., Mariathasan, J., & Samele, C. (2008). The impact of engaging leadership on performance, attitudes to work and well-being at work: A longitudinal study. Journal of Health Organisation and Management, 586-598.
Beyer, J. (1999). Taming and promoting charisma to change organizations. The Leadership Quarterly, 307-330.
Bolman, L., & Deal, T. (1991). Reframing Organizations. San Francisco: Jossey-Bass.
Perhaps the Puffin project could be incorporated into the Spaceship 2 project in the future by allowing the six passenger Spaceship 2 craft the unique ability to give individual passengers the option of individual exploration of space or the air.
Technology
Technologically speaking, the Spaceship 2 project represents a hybrid of humans' best technologies. Since the ship itself would be carried to high altitudes by the White Knight, it does not have to incorporate any fuel weight into the flight vehicle itself. Considerations like these allow for greater scope of development of the passenger vehicle itself, as well as a roomier, more comfortable experience. The Puffin vehicle, while environmentally friendly, would be difficult to use in space without large fuel sources or solar panels. The technologies that are being developed and tested by NASA and the Ames esearch Center are more forward-looking.
These future technologies include ion engines, which would…
References
Ames Research Center (2011). "Advanced Propulsion." White paper found online July
22, 2011 at:
http://settlement.arc.nasa.gov/teacher/lessons/contributed/thomas/Adv.prop/advprop.htm .
NASA (2011). "NASA Issues Announcement For Solar Electric Propulsion Studies."
However, there is some common sense in knowing when government is necessary and when too much government is detrimental to quality of life.
A world without government would be a much worse world, one in which crimes proliferated, in which an economy would be impossible to maintain on a global scale, and in which public works projects could not be maintained feasibly. Too much government, such as with socialist and communist systems, do not work well because they restrict the rights and freedoms of people. However, too many Americans believe that any government is bad. Before Americans forget what government is good for, they should remember that governments pay for schools because citizens agree that an educated population is a safe and happy population. Governments also create public works projects that allow citizens to enjoy clean drinking water, communication networks, and transportation systems. Anarchy and complete privatization might be fun…
References
Amy, D.J. (2007). Stealth Deregulation: The Untold Story.
Benson, E. T (1968). The proper role of government. Retrieved online: http://laissez-fairerepublic.com/benson.htm
Feinman, R.D. (2004). Government's Role. Retrieved online: http://robertdfeinman.com/society/government_role.html
Halloran, L. (2011). Deficit Forces Question: What Is Government's Role? NPR. Retrieved online: http://www.npr.org/2011/04/12/135352906/deficit-forces-question-what-is-governments-role
Virgin Airlines -- Financial and Strategic Assessment
Financial Assessment
Virgin America has quickly established itself as one of the premier airlines operating throughout North America, generating $760M in Operating evenues as of the close of its latest fiscal period reporting a Net Loss of $19M and operating margin of -1.6%. As Virgin competes in a very price-driven and capital-intensive industry, their latest financial results the exceptionally high pressure on new entrants into commercial aviation. Their latest financial results are shown in Appendix A: Virgin America Consolidated Statement of Operations and Appendix B: Comparative Operating Statistics, both obtained from the company's website.
Analyzing their financial condition indicates just how challenging the launch and successful operation of an airline is. Their fuel costs increased 66.9% for the nine months between September 30, 2010 to September 30, 20112, and Aircraft Maintenance increased 51.5% in the same period. Both of these figures are shown…
References
De Roos, N., Mills, G., & Whelan, S. (2010). Pricing dynamics in the Australian airline market. Economic Record, 86(275), 545.
Deutschman, A. (2004, The gonzo way of branding. Fast Company, (87), 90-96.
Goldsborough, R. (2006). Traveling with technology, and its glitches. Tech Directions, 66(5), 15-15.
Hazledine, T. (2011). Price discrimination in Australasian air travel markets. New Zealand Economic Papers, 45(3), 311.
Level 5 Leadership: Which is harder to cultivate within yourself: humility or will?
Level 5 leadership involves what Collins (2001) calls the "paradoxical blend of humility and will," (p. 13). As a result, Level 5 leaders are "a study in duality," as they exhibit other binaries, such as being both humble and fearless; both modest and willful (Collins, 2001). The complexity of human character makes it possible to hold two seemingly disparate qualities in check at any one time, knowing exactly when, how, and why to turn on one binary (like humility) versus the other. Collins expands upon the concept of Level 5 leadership in the opening sections of From Good to Great because Level 5 leadership is central to effectively motivating others and promoting the values of an organization.
Both humility and will are difficult qualities to perfect. All leaders possess both humility and will to a greater or…
References
"Humility Key to Effective Leadership," (2011). Science Daily. Dec 8, 2011. Retrieved online: http://www.sciencedaily.com/releases/2011/12/111208173643.htm
Sears, D. (2009). Incentive compensation best retention tactic. The Ladders. Retrieved online: http://www.career-line.com/job-search-news/incentive-pay-beats-salary-as-top-employee-motivation-retention-tool/attachment/incentive-compensation-best-retention-tactic/
Van Herpen, M., Van Praag, M. & Cools, K. (2005). The effects of performance measurement and compensation on motivation: An empirical study. De Economist 153(3): 303-329.
Tourism and Hospitality Industries: Management
Integration of Travel and Hospitality Companies
Vertical integration has been a major trend in corporate business in profit-based and consumer-based industries over the past several decades, particularly as more specialized and dynamic good and services are being offered with wider global distribution. There have been many examples of vertical integration in the travel and hospitality industry within the past several decades, although due to the volatility of industries based upon consumer activity with disposable income during the recession since 2008, it is a somewhat risky maneuver, particularly in the acquisition of transportation companies.
The general principle of vertical integration, however, leads to greater profit margins as two or more related ventures are purchased by the same entity, thus lowering overhead and eliminating external expenditure. Vertical integration is particularly of benefit for the development of travel and hospitality packages that seek to offer savings to customers…
References
Hargrave, A. (2011)"The Ownership of Travel and Tourism Organisations: Takeovers" http://www.bized.co.uk/educators/1619/tourism/business/activity/ownership.htm
George Lafferty, Anthony van Fossen, Integrating the tourism industry: problems and strategies, Tourism Management, Volume 22, Issue 1, February 2001, Pages 11-19.
John Tribe, The competitive, technological, political and sociocultural environment, The Economics of Recreation, Leisure and Tourism (Fourth Edition), Butterworth-Heinemann, Oxford, 2011, Pages 173-204.
Ludwig Theuvsen, Vertical Integration in the European Package Tour Business, Annals of Tourism Research, Volume 31, Issue 2, April 2004, Pages 475-478.
Ursula Burns
In February of 2010, Ursula Burns became the chief executive of Xerox Corporation. Burns has successfully led the Xerox Corporation through difficult financial straits, by divesting much of the outmoded commodity-based business strategies towards a broader service-oriented one. epositioning the company has enabled Xerox to weather the economic storms, poised for a bright future. A large part of the reason for the positive outlook for Xerox is the leadership style of Ursula Burns, and the corporate culture Burns subsequently creates.
Several leadership theories can provide a foundation for describing Burns' leadership styles and philosophies. Trait theory suggests that Burns's success as a leader is partly or fully rooted in her innate personality traits: her notable extraversion, toughness, and commitment to the Xerox company. Burns is known for being assertive, as well as creative in her approach towards managing the company and managing organizational change, too. The President of…
References
Bryant, A. (2010). Xerox's new chief tries to redefine its culture. New York Times. Feb 20, 2010. Retrieved online: http://www.nytimes.com/2010/02/21/business/21xerox.html?pagewanted=all
McGirt, E. (2011). Fresh copy: how Ursula Burns reinvented Xerox. Fast Company. Nov 19, 2011. Retrieved online: http://www.fastcompany.com/magazine/161/ursula-burns-xerox
Organizational Behavior
Global and Domestic Marketing Decisions
Of course, it's tempting to think of business decisions as occurring in a perfect economic bubble -- wouldn't it be nice to simply prepare a strategic SOT (strengths, weaknesses, opportunities, and threats) analysis based on one's industry alone? Alas -- or fortunately, depending on one's perspective, however, no company exists within such a comfortable bubble in today's business environment. (SOT Analysis, 2004) Today, companies must keep abreast of the profound technical, cultural, and ethical shifts that have occurred in today's business climate, reflecting the more forward-thinking yet bearish attitude climate of the 21st century, as opposed to the 1990s.
Technology
From a technological point-of-view, the Internet has changed global and domestic commerce. In particular, cultural industries such as the music industry have been impacted. No longer can music companies simply bank on the popularity of an individual artist. Nor can music and entertainment companies ignore…
Works Cited
Berenson, Alex. (September 23, 2004) "Ex-Chief of Computer Associates Is Indicted on Fraud Charges." The New York Times. http://www.nytimes.com/2004/09/23/business/23computer.html
Glassman, Mark. (September 26, 2004) "And Now, a Message From Our Sponsor." The New York Times. http://www.nytimes.com/ref/business/media/040927MOSTWANTED.html
Hansell, Saul. (September 27, 2004) Music Sites Ask, 'Why Buy If You Can Rent?' The New York Times. http://www.nytimes.com/2004/09/27/technology/27music.html
SWOT Analysis. (2004)
Rule breaking, innovation or ethical dilemma?
Annotated Bibliography
People often think that in order to run a business, or be a leader, one must adhere to all the rules. But the old saying "Some rules are made to be broken" rings true. Many successful entrepreneurs have had to make decisions that would ultimately be seen as rule breaking, even at times, illegal. That is just how the world works. People must make tough decisions in order to make it in the tough worlds of business, politics, and even medicine.
This paper focuses on several articles along with an annotated bibliography to demonstrate the effectiveness of rule breaking in reaching one's goals in business and entrepreneurial endeavors. So many greats like Bill Gates, Bill Clinton, etc., have broken rules in order to get to where they are now. In fact, wise leaders often take risks to get things accomplished. Any entrepreneur…
Organizations
Management Theory
Case Summary: In 2013, when new Yahoo CEO Marissa Mayer overturned the flexible work at home policies, it created a maelstrom of media response. Public responses fell on both sides of the issue, while it seemed most Yahoo employees were outraged. The disruption to personal lives became a pivotal point in the discussions -- arrangements that enable parents to work-at-home, for instance, are not easily changed. But, more central was the message communicated to Yahoo employees: The CEO (and likely a slew of other managers at the organization) did not trust telecommuting employees to efficaciously conduct their professional duties outside of the direct oversight of their managers. Note that many of the telecommuting Yahoo employees worked at home only one or two days per week. Women particularly took issue with the workaholic Mayer's decision: she came on board when she was five months pregnant and took a…
References. Please focus on analyses and recommendations, not on retelling the chapter or describing what happened in unnecessary detail.
Paper criteria:
At the same time, it will help to identify what issues will shape the future of air passenger transportation in Asia.
1.6: Hypothesis
he introduction of LCCs in the North American and European markets started a trend that is beginning to unfold in Asia (with the birth of Asian-based LCCs). Part of this is in response to the increases in passenger traffic and the effects of globalization. However, there have been similar airlines in the past, which have tried and failed using the same kinds of business models. A good example of this can be seen by looking no further than, Oasis Hong Kong. his was a low cost carrier that attempted to enter the medium to long haul leisure / business travel market between Hong Kong and London Gatwick. he problem was that they were no match for the FSCs, which offered: more flights and greater flexibility. his is…
This information is useful, because it can highlight some of the different challenges facing the industry. Where, these different factors could affect the profitability of many carriers and the fares / services that they are providing to consumers. This can be used in conjunction with the results of the surveys; to see how the overall cost structure is having an impact upon both Thai Asia Air and Thai Airways. Once this takes place, it could provide a more complete picture, as to how these different challenges are affecting the industry and what could be the possible impact in the future.
Moreover, Gluckman (2007) discussed on the impact that Air Asia has had upon the industry. Where, their low costs and no frills have helped the company to be able to redefine the sector. The reason why is because Air Asia has a very low labor cost structure in comparison with the traditional airlines. Evidence of this can be seen by looking no further than the fact that their labor costs typically account for 17% of the total operating expenses for the company. While the industry average is 30% to 40%, of the total operating expenses that normal airlines must pay. At the same time, the company will fly to airports that are less congested (which have lower landing fees) and they fly reconditioned aircraft. The results of these actions were that Air Asia would redefine the industry by showing how low cost structures, could allow an airline to be competitive. The problem is that the labor costs of Air Asia are some of the lowest in the world. When you compare this to other low costs carriers in markets such as North America or Europe, this is just of fraction of what the LCCs are paying. Over the course of time, as incomes continue to increase, the cost of labour will rise towards the industry average. This is significant, because it shows how Air Asia has identified ways that it can compete over the short to medium term. However, over the long-term is when the airline will face the possibility of having it business model go through severe challenges, as it will not be able to maintain these low costs indefinably.
This information is important, because it shows how Air Asia and many of the other LCCs are able to remain competitive. As their overall labour costs, are significantly lower than any
Leadership and Employability
eport on Accounting and need of Strategic Leadership
Accountants at the management levels can be depended upon to have technical accounting expertise to give organizations the financial knowhow they need to fulfill statutory reporting requirements. However, management accounting also entails supporting the enterprise. Management accountants can combine analysis and accounting skills with their business understanding, making them able to give reliable performance metrics and forward looking, evidence-based management information. Management accounting skills are very much in demand. We are aware of many others who are not fortunate in this context. About 75 million young people are not employed, whilst employers still cannot find individuals with the right skills to grow their businesses (CGMA eport, 2014). This report aims to inform and make young accounting graduates aware of ways to become effective accounting department team members and to eventually grow into future finance directors within businesses. A firm…
References
ACCA. (2013). The importance of strategic financial leadership in the UK public sector in a time of financial austerity. UK.
Accountingverse Team. (2015). What is accounting?. Introduction to Accounting.
Accountingverse.com. Retrieved from http://www.accountingverse.com/accounting-basics/whatis-accounting.html
CEO Services, ASAE & The Center for Association Leadership. (2008). The Challenge of Financial Leadership. American Society of Association Executives ™ (ASAE), Washington. Retrieved from http://www.asaecenter.org/Resources/whitepaperdetail.cfm?ItemNumber=34618
The 21 Irrefutable Laws of LeadershipJohn Maxwells (1998) 21 Irrefutable Laws of Leadership looks at how to win over followers and identifies 21 specific factors that make great leaders. Some of it is ability, some of it is influence, some of it is the adherence to the process of development, and some of it is vision. There are several other factors as well as Maxwell spends a chapter on each one, providing anecdotal evidence to support his points.Each of the laws that Maxwell (1998) identifies and discusses are well worthy of a leader. Some of the other laws include the notion that leaders should be stronger than their followers because followers want to follow someone who is greater or stronger than themselves. Leaders tend to be intuitiveat least the great ones doand to emphasize this point Maxwell (1998) describes the intuition of Norman Schwarzkopf. Leaders also tend to attract others…
ReferencesConger, Jay A. (1989). Leadership: The art of empowering others. Academy of Management Executive, 3 (1), 17- 25.Maxwell, J. (1998). The 21 Irrefutable Laws of Leadership. Nashville, TN: Thomas Nelson Publishers.Northouse, P. G. (2016). Leadership: Theory and practice (7th ed.). Thousand Oaks: CA: Sage Publications.Stogdill, R. M. (1948). Personal factors associated with leadership: A survey of the literature.Journal of Psychology, 25, 3571.
Virgin's Organizational Culture
Model of the organization
Organizational culture is built around three aspects: (1) complexity, (2) formalization, and (3) centralization.
Complexity: Complexity depends on the hierarchical structure of the organization, the larger it is generally the more complex it is. Complexity, then, is reduced to three tiers: vertical, horizontal, and geographical.
Vertical: The larger the depth of layer the more 'vertical' the organization is. A complex and broad organization, therefore, would generally have more layers than one less complex (Bartol, Twein, Matthews, & Martin, 2007). Branson was an exception to this. Though leader of exceedingly broad and complex operations, he managed to reduce the structure of verticality by splitting Virgin Groups up into multiple small companies. Branson believed that employees preferred to work under small companies than under large impersonal corporations. By the late 1980s, for instance, he had fragmented his collection of companies into more than 100 loosely…
Sources
Bartol, K., Twein, M., Matthews, G., & Martin, D. 2007, Management: A Pacific Rim Focus, Prentice-Hall, Sydney.
Burns, T. & Stalker, G.M., 1961, The Management of Innovation, Tavistock, London.
Cherrington, D.J. Orgnizational Behavior, 1994. USA: Alleyn & Bacon
Cooperrider, D.L., & Godwin, L. 2010. 'Positive Organization Development: Innovation-inspired Change in an Economy and Ecology of Strengths'. Appreciative Inquiry Commons. http://appreciativeinquiry.case.edu/intro/comment.cfm
Griffith Hotel
Case Study- Griffith Hotel
The Griffith Hotel is a luxurious hotel that opened in Tel Aviv during 2005. The Griffith Hotel attracts tourists and high ranking diplomats from around the world as guests. The Griffith Hotel is modernized and has a robust 560 rooms to accommodate its vast clientele. The general manager and the higher level management team believe that providing the best customer service is the key to present and future success for the Griffith Hotel. ecently, the front-office manager Simon and his staff have not been meeting the customer service standards.
Five major problems are plaguing Simon and his staff at the Griffith Hotel. The problems are Simon's incompetence as a manager due to the lack of interpersonal skills, a sub-par cross-training program, an ineffective front-office department, a front-desk dilemma, and incorrect use of the satisfaction surveys. An in-depth look of interpersonal skills has been researched…
References
Brown, R. (2011). Prejudice: it's social psychology. Malden, MA: John Wiley & Sons.
Daft, R.L., & Lane, P.G. (2007). The leadership experience. Mason, OH: Thomson Learning.
Ellis, R. (2009). Communication skills: step ladders to success for the professional. Chicago, IL: Intellect Books.
Hayes, J. (2003). Interpersonal skills at work. NY, NY: Routledge.
According to Fitzpatrick & Keegan (2010), "This use of historical ecology to study "the complex, historical interactions between human populations and the ecosystems they have inhabited" (Kirch 1997a, p.2; see also Crumley (ed.) 1994), has been applied in other parts of the world to observe anthropogenic changes through time. Archaeologists, influenced by a wide array of scientific fields, have taken a keen interest in understanding how humans adapted, influenced, modified, and impacted their environment. This is a difficult endeavor, however, because "environments change and the magnitude of change are never constant" (O'Brien 2001, pp. 29-30). (Fitzpatrick, Keegan, pg. 30, 2007)
Fitzpatrick & Keegan point to the uses of historical ecology to investigate the interrelationships between humans and the biosphere. The importance of noting environmental changes as separate from human involvement may be erroneous. Environmental changes are hinted by proponents of historical ecology to have been initiated by humans through their…
References
Anderson, a. 2009, Epilogue: Changing Archaeological Perspectives upon Historical Ecology in the Pacific Islands1, University Press of Hawaii.
Balee W. (1998), Historical Ecology: Premises and Postulates -- Chapter 1.
Bird DW., Richardson JL., Veth PM., Barham AJ. (2002) Explaining Shellfish Variability in Middens on the Meriam Islands, Torres Strait, Australia. Journal of Archaeological Science, 29, 457-469
Erlandson, Rick (2010) Archaeology Meets Marine Ecology: The Antiquity of Maritime Cultures and Human Impacts on Marine Fisheries and Ecosystems.