Analysing Strategic Management and Leadership

Analysing Strategic Management and Leadership This unit is all about strategic management and leadership. This assignment will cover the link between strategic management and leadership style in organisation in different situations. Strategic management and leadership is an ability to anticipate the future requirement that is for an organisation to be proactive in maintaining flexibility, motivation and empower the people to create the strategic change for the growth of organisation. Strategic management is all about shaping strategies and taking important decision for the organisation to survive and to get success in the face of competitive challenges and from other pressures from within and outside organisation. 1.1: Link between Management and Leadership Both word strategic management and leadership are often used interchangeably, although these words actually describe two different concepts. The main aim of management is to maximize the output of organisation through administrative implementation. His functions include; org anizing, planning, directing and controlling. While according to John Kotter (1996)† leadership is the set of practises that create the organisation in first place or adapt them to significantly changing circumstances. Strategic management is a vital area for any organization. It helps to improve an organisational performance and productivity. It is the responsibility of the strategic manger to design strategies for the future needs of the organisation. Designing and setting the plan is the job of strategic managers or we can say strategic management but to bring this plan and design into practice is the job the leadership. Leadership qualities are required to achieve those goals and targets which are set by the strategic management. ‘Central to strategic success is aligning the right leaders with the right skills in the right places at the right times to achieve desired competitive results’ (William J. Rothwell 1999) To run an organisation successfully and get th e goals and objectives of the firm both qualities of a manager and leaders are needed. A manager needs leadership qualities to be effective be and successful in taking initiative while leader needs some management capabilities to run the organisation. It is the job of the strategic manager to decide what they need to do and what they need to avoid to achieve objective in longer term. They make the policies internally and externally to achieve their goals. 1.2: Impact of management and leadership styles on strategic decisions. Management and leadership style play pivotal role on strategic decisions. They make decision according to the expectation of the organisation and their decision always have the support of the team. It is the style of the management and leader which keeps organization moving. Different styles have different type of impact on strategic decision and organisation. For example if we look at the democratic style of management and leadership, in this style management always consult and discuss with their team which makes them feel more responsible and motivates them to work hard. It is the job of strategic manager to decide and make critical decision regarding the future of the organisation. It is the wisdom of the management and leadership that drives the organisation forward. It is their vision which has always great impact on the organisation. Their style of management and leadership plays vital role on the decision making and on the future of the organisation. They should have the style which changes according to the situation, sometime they are very much cooperative and give everybody chance to express but if situation demands them to be more authoritarian they have the style approach and power to change them.

Income Concepts and Income statement Assignment

Income Concepts and Income statement - Assignment Example It is the most traditional method of determining the quality of the income. Through this way, the business can realize whether it made a profit or a loss. Analysts have however criticized this method arguing that it only focuses on short-term profits and losses, but not long term. They, however, discourage mostly businesses from using it. It is, however, the most common output generated by accounting software when analyzing the earnings of a company (Porter & Norton, 2012). Second, small businesses that earn their revenue through sales, sales growth is the most ideal metric to measure the quality of the earnings. It shows roughly the estimate of how the business is trending throughout time. The sales growth method measures the percentage of the earnings as a percentage of growth throughout a year. It is in terms of either positive sales growth or negative sales growth. Positive sales growth indicates that the business is growing while, on the contrary, negative sales growth shows that the sales have declined over the past year (Porter & Norton, 2012). Financial ratios can be used to determine the quality of the earnings of the firm. Using the company’s financial statements, there can be an easy computation of financial ratios. It is the most efficient and simplest way to determine the performance of a firm. If you focus on the right type of ratio, your analysis of the concern, you have can come out right. For instance, if you are most concerned with the ability of your firm to convert assets to cash for satisfying a short term goal, you may most probably calculate some liquidity ratios and see how many dollars of current assets you have for each dollar of current liabilities. It is usually useful to the business owner who has less time but needs quick information on the performance of the firm (Porter & Norton, 2012). Additionally, a firm can also use expense reduction as metric for determining the quality of income. The expense reduction

Critical Self-Reflection Essay Example | Topics and Well Written Essays - 1000 words

Critical Self-Reflection - Essay Example Critical thinking has helped me accept both unpleasant and pleasant events in my life with such grace and positive attitude. Whenever I was faced with a setback in life, I viewed my situation from different perspectives in order to explore all views and understand just how crucial the situation actually was. I believe that critical thinking is a skill that anyone could benefit from in his or her daily lives. Every day we are faced with decisions and choices. Without critical thinking, how would it be possible to make the right choice? Critical thinking is a skill we use or ought to use in almost every aspect of our lives without even realizing it. College has given me many opportunities to use critical thinking in many new ways, or in ways, I had never before. For example, in our interpersonal communication class we get to share a lot on our relationships and family. I did not only share my story on life with others, but got to listen and reflect on their stories. This helped in giving me a new perspective on life. We should not always be confined to our own ways and imagine that we are always right. Secondly, on numerous occasions in math class, we are given a word problem to solve. In order for one to find a solution, you are expected to figure out the best system in which to solve the question. I doubt this would be possible for me without critical thinking. It takes patience for one to critically analyze a maths problem and come up with a solution (Cottrell, 2011). In addition, in college, no one does the scheduling for you anymore. The choice is left to you. This poses the challenge of ensuring that you use the time you have as well as possible. Otherwise, a whole semester would go by so fast, and before you realize it there is so much that you still have not done. In addition, you are likely not prepared for exams by the time the end of the semester is here. With my critical thinking skills, I am able to manage and organize myself

Literary analysis of Cathedral Essay Example | Topics and Well Written Essays - 500 words

Literary analysis of Cathedral - Essay Example Furthermore, the close relationship between his wife and the blind man that existed through the years provided additional ire and ill feelings. The transcending climax in the plot revealed how Robert, despite his blindness, was able to actually open the mind and constricted perspectives of the narrator through a unique experience of the cathedral. The characters of the story are the narrator, as the protagonist, whose instrumental point of view revealed details of the plot. As the narrator, he is considered a round character, where his personal views and feelings towards other characters are relevant in the development of the story. He foretold the experience of his wife, unnamed, yet instrumental in inviting Robert to their home. The wife is a flat character, through described in more details, as necessary to advance the events that are about to unfold. The blind man, Robert, is initially seen as the antagonist, providing conflict to the narrator due to the impending visit that he o penly disliked. The story told in a straightforward style, manifests diverse symbolism in terms of the cathedral, itself, as a manifestation of strong and steadfast faith as giving immense ability to transform a nonbeliever into a brand new person with optimistic perspectives. Through the cathedral as the impetus for discussion between Robert and the narrator, an eye-opening transformation for the narrator ensued.

Impact of the Internet on Live Music

Impact of the Internet on Live Music Antà ©a H. E. L. GEORGHIOU   The Internet has killed live music and caused financial problems for musicians. Discuss. Society is confronted to a fast changing technological environment, especially with the Internet. Some claim that live music is on the decline, and that music industry and musicians suffer from financial problems. We will be discussing the negative, but also the positive aspects that has the Internet on live music and on the music industry. Firstly, it is a known fact that in comparison to the past, CDs sales are declining, and this is mostly due to the apparition of new media and to illegal music streaming and downloads online.[1] Despite this, online content also has advantages: many consumers, especially the younger population, use the Internet as a way to discover new music, although it is mostly done illegally. This discovery can be turned into revenue with legal streaming services. [2] The younger generation does not go in shops to find music anymore; the Internet is a more practical way to discover new artists, while staying at home. Services, such as Spotify, have been made available to stream music legally: free versions are run thanks to advertisements, and consumers can pay to not have them.[3] Consumers tend to download music in order to sample it, and if they like it, they may purchase it,[4] and maybe even go to concerts later on. This is also positive for live music; it is an effective advertisement in a way. Some debates were recently going on about Periscope, a mobile application that allows you to watch people live-streaming all over the world. It is said to have a negative impact on live music since people were live-streaming concerts for example. On the one hand, it is true, for people watching the performances are not paying, and people are streaming it without owning the rights to do so.[5] On the other hand, it can be a good way to make other people discover an artist, especially since it is available to see worldwide, including places where there may not be concert opportunities. From a financial point of view, illegal resources online do impact the industry and artists. However, new ways are found to improve these issues as much as possible. A successful example is Japan: in order for their disc industry to keep on selling, they developed an effective strategy; albums and singles come with unique features, special songs or additional content and bonuses. This strategy is working well because fans are ready to pay to get this additional content from their favourite artists.[6] The music industry in all its aspects has changed over the past years due to the Internet and the digitization of music. Nowadays, consumers want free access to music. It became an expectation and piracy is considered normal. Subscription models are now more and more used, allowing the consumers to pay in order to access a music library.[7] Streaming services ensure revenue to artists, labels, etc. Artists themselves can also release free songs through these in exchange of consumers loyalty. These services also prove to be useful for the evaluation of trends and popularity of songs. The Internet also offers opportunities for artists that other media dont provide. Artists can now interact with their fans on social media a lot of them do so -, and make their own advertisement directly to their fanbase. To conclude, despite having made illegal copying and downloading much easier, new technologies also offer new opportunities for the music industry. References Andersen, B. and Frenz, M. (2010). Dont blame the P2P file-sharers: the impact of free music downloads on the purchase of music CDs in Canada. Journal of Evolutionary Economics, 20(5). Fox, M. (2004). E-commerce Business Models for the Music Industry. Popular Music and Society, 27(2). Gopal, R., Bhattacharjee, S. and Sanders, G. (2006). Do Artists Benefit from Online Music Sharing?. The Journal of Business, 79(3). Miller, K. (2017). Japan overwhelmingly favors CDs to digital music. [online] Japan Today. Available at: https://www.japantoday.com/category/entertainment/view/japan-overwhelmingly-favors-cds-to-digital-music. Miller, K. (2017). Japan overwhelmingly favors CDs to digital music. [online] Japan Today. Available at: https://www.japantoday.com/category/entertainment/view/japan-overwhelmingly-favors-cds-to-digital-music. Peitz, M. and Waelbroeck, P. (2004). The Effect of Internet Piracy on CD Sales: Cross-Section Evidence. CESifo Working Paper Series, (1122). Pfanner, E. (2017). Music Industry Lures Casual Pirates to Legal Sites. [online] Nytimes.com. Available at: http://www.nytimes.com/2009/07/20/technology/internet/20stream.html?emc=eta1pagewanted=al. Sciencedirect.com. (2017). Is the music industry stuck between rock and a hard place? The role of the Internet and three possible scenarios. [online] Available at: http://www.sciencedirect.com/science/article/pii/S0969698910001256. The Guardian. (2017). Meerkat and Periscope are fun apps but beware the sting in the tail. [online] Available at: https://www.theguardian.com/media-network/2015/mar/31/meerkat-periscope-live-streaming-copyright-brands. Us Weekly. (2017). Adele Calls Out Fan for Filming Her Concert: Enjoy It in Real Life!. [online] Available at: http://www.usmagazine.com/celebrity-news/news/adele-calls-out-fan-for-filming-her-concert-enjoy-it-in-real-life-w208223. [1] Peitz, M. and Waelbroeck, P. (2004). The Effect of Internet Piracy on CD Sales: Cross-Section Evidence. CESifo Working Paper Series, (1122). [2] Andersen, B. and Frenz, M. (2010). Dont blame the P2P file-sharers: the impact of free music downloads on the purchase of music CDs in Canada. Journal of Evolutionary Economics, 20(5), pp.715-740. [3] Pfanner, E. (2017). Music Industry Lures Casual Pirates to Legal Sites. [online] Nytimes.com. Available at: http://www.nytimes.com/2009/07/20/technology/internet/20stream.html?emc=eta1pagewanted=al [Accessed 25 Mar. 2017]. [4] Gopal, R., Bhattacharjee, S. and Sanders, G. (2006). Do Artists Benefit from Online Music Sharing?. The Journal of Business, 79(3), pp.1503-1533. [5] The Guardian. (2017). Meerkat and Periscope are fun apps but beware the sting in the tail. [online] Available at: https://www.theguardian.com/media-network/2015/mar/31/meerkat-periscope-live-streaming-copyright-brands [Accessed 25 Mar. 2017]. [6] Miller, K. (2017). Japan overwhelmingly favors CDs to digital music. [online] Japan Today. Available at: https://www.japantoday.com/category/entertainment/view/japan-overwhelmingly-favors-cds-to-digital-music [Accessed 25 Mar. 2017]. [7] Fox, M. (2004). E-commerce Business Models for the Music Industry. Popular Music and Society, 27(2), pp.201-220.

My Family Heritage Essay -- Personal Narrative Relationships Papers

My Family Heritage Family Defined The word family has changed so much in the past century. A family back in the 1950’s was probably considered a husband, wife, and one or more children. Times have changed and families have become much different. The Interpersonal Communication: Relating to Others book defines family as a, â€Å"Unit made up of any number of persons who live in relationship with one another over time in a common living space who are usually, but not always, united by marriage and kinship† (Beebe, Beebe & Redmond, 243). Families can be broken up into five different types. The first is the traditional family, which includes a mother, father, and their biological children. Next, is the blended family which includes two adults and children, but because of divorce they may have children of other parents. Unfortunately, single-parent families are being seen more often. Extended families include parents, children, aunts, uncles, grandparents, cousins and any other close relatives. The extended families are commonly found in Asian and Hispanic cultures. The last category is the dual income parents without any kids. They are known as â€Å"dinks†. Families in the United States are very special because of the â€Å"melting pot† that took place in our country’s early history. Thousands of immigrants from other countries came to the United States bringing with them their culture and family traditions. Finding out our family history and becoming aware of the stories behind our names, culture, and traditions can be a very interesting and fun experience. The assignment of our paper was to talk to our parents and other relatives to discover our family history. Mother’s side My mother’s maiden name is Patricia ... ...s and stories. I heard stories of my parents dating and how they got together. I heard the funny stories about how my parents got engaged and married. I even learned I urinated on the doctor when I was born! The neat thing about my birth is my mom woke up at 4 in the morning when she was pregnant with me. The hospital in Austin is a 30 minute drive. I was born at 5 in the morning so I was a quick baby my mother said. This was time consuming assignment because of the large amount of communication required for all of the research. The value of the information gathered is priceless because I can now pass on all of the family stories and traditions to my kids someday. I have heard some of the stories before, but I always learn new information every time my parents talk about our family history. I will continue to keep the family tree growing in my family.

Education in modern world Essay

Education is an important tool that is applied in the contemporary world to succeed, as it mitigates the challenges which are faced in life. The knowledge gained through education enables individuals’ potential to be optimally utilized owing to training of the human mind. This opens doors of opportunities enables individual to achieve better prospects in career growth. Education has played a paramount role in the modern industrial world. This is attributed to the fact prospective employees must be qualified adequately to perform various tasks effectively. Industries entail resources that are sufficiently equipped with the modern technology to suit the needs and wants of the society. This thus, makes education to become a norm for services in all industrial sectors. The primary skills and the ability to apply the skills is the basis for evaluating the market. The foundation of the society is based on education since it brings economic and social prosperity. Gaining education enhances an individual to live a respectful life in the society. This is because education offers a setting in which culture and values of a society are developed. In this respect, education in modern society provides a forum where the society examines its issues and identifies solutions. The advancement of a society both economically and socially is by gaining education which consequently enables them to run a modern society. Career wise, education is the foundation of developing individuals by providing knowledge regarding humanity the worldover. Individuals in the society acquire new approaches in life that build opinions on the economical and social life. Education enables the society to interpret the world around them rightly, innovating to new ways and means that conform to their environment. The current advancement in technology has been enhanced largely by education, as individuals are able to apply the skills acquired in real life leading to innovations. Employment in the contemporary world is based on education, as employees must possess the required skills that correspond with the current  technology to perform their tasks. Prospective employees must be equipped with skill for them to cope with ever advancing technology in all industrial and agricultural sectors. Therefore, education has become a basic principle to measure the labor market on the basis of essential skills and the ability to appropriate them through suitable communication. Education has played a major role in the modern life to all individuals in the society. It has enabled societies to prosper both socially and economically by enabling them to develop common culture and values. It is through education that Technological advancement has been realized enabling communication and production of cost effective products and services to the society at large.