Leadership Style and Performance Essay Example for Free

Initiative Style and Performance Essay A diagram of the subject of initiative styles sums up that the current investigations on how execution is influenced by authority style is isolated into significant stages. Early investigations on initiative (much of the time sorted as ‘trait’ concentrates on administration) focused on recognizing the character attributes which described effective pioneers (Argyris, 1955; Mahoney et al. , 1960). As per them fruitful pioneers are ‘naturally born’ and those they have certain local qualities which recognize them from non-pioneers (see Stodgill, 1948). In any case, there was huge trouble in approving these attributes prompted broad analysis of this characteristic methodology, flagging the development of ‘style’ and ‘behavioral’ ways to deal with administration (Stodgill, 1948). Style and conduct scholars moved the accentuation away from the attributes of the pioneer to the conduct and style the pioneer received. The primry finish of these investigations is that selection of just or participative styles by pioneers are increasingly fruitful (see, for instance, Bowsers and Seashore, 1966). In this sense, these early examinations are centered around distinguishing the ‘one most ideal method of leading’. Thus to quality speculations, the significant shortcoming of style and social hypotheses is the obliviousness of how significant job situational factors play in deciding the viability of individual pioneers (Mullins, 1999). It is this constraint that offers ascend to the ‘situational’ and ‘contingency’ hypotheses of administration (for instance, Fiedler, 1967; House, 1971; Vroom and Yetton, 1974) which move the accentuation away from ‘the one most ideal approach to lead’ to setting touchy initiative. Albeit each examination underlines the significance of various components, the general fundamental of the situational and possibility points of view is that administration adequacy is subject to the leader’s conclusion and comprehension of situational factors, trailed by the reception of the suitable style to manage every condition. Be that as it may, late investigations on initiative have stood out ‘transactional’ authority from ‘transformational’. Value-based pioneers are supposed to be ‘instrumental’ and regularly center around trade relationship with their subordinates. Interestingly, transformational pioneers are contended to be visionary and eager, with a natural capacity to persuade subordinates. Despite the fact that the concise synopsis above demonstrates that examination into initiative has experienced times of doubt, ongoing interest has concentrated on the significance of the position of authority to the achievement of associations. Fiedler (1996), one of the most regarded scientists on authority, has given an ongoing treatise on the significance of initiative by contending that the viability of a pioneer is a significant determinant of the achievement or disappointment of a gathering, association or even a whole nation. It has been contended that single direction wherein associations have looked to adapt to the expanding instability and disturbance of the outside condition is via preparing and creating pioneers and outfitting them with the aptitudes to adapt. These cases depend on the suspicion of an immediate connection among administration and authoritative execution. This suspicion requires basic audit. Broadly praised instances of an immediate leadershipâ€performance connection might be found in various recounted records of enhancements of organization execution credited to changes in authority (see, for instance, Nicholls, 1988; Quick, 1992; Simms, 1997). In any case, observational examinations into the connections among initiative and execution have been deficient. One remarkable special case is the itemized investigation of the effect of authority on execution in the to some degree amazing setting of Icelandic angling ships. Thorlindsson (1987) proposes that varieties in the exhibition of various angling ships, under indistinguishable conditions, can be represented by the administration abilities of skippers. Over a three-year time span, Thorlindsson uncovered that the initiative characteristics of the boat commanders represented 35 to 49 percent of variety in the catch of various teams. Different investigations which look at the connections among administration and execution concur with the reappearance of the ‘one most ideal approach to lead’ banter. Of specific importance is the resurgence of enthusiasm into alluring administration, which is much of the time alluded to as transformational initiative (Bass and Avolio, 1993). Various specialists conjecture that transformational authority is connected to authoritative execution. Theoretically, it is contended that the visionary and helpful aptitudes of transformational pioneers spur adherents to convey predominant execution. In rundown, a great part of the above proof introduced as supporting the case of a leadershipâ€performance connect is narrative and much of the time over-focuses on the ‘transformational’ job of pioneers in corporate triumphs. No doubt scarcely any investigations have reacted to the perception of Porter and Mckibbin (1988) that a significant part of the examination detailed as supporting this case is either uncertain or exactly suspect. The constrained or uncertain character of exploration discoveries around there proposes the need to examine further the idea of the connection among administration and execution. A few unique classes of initiative ideal models have been recommended by different analysts. For instance, Bass (1985) expressed that there are four elements of transformational authority, three components of value-based initiative, and a non-administration measurement of free enterprise authority (Bass, 1985). Avery (2004) recommended ordering initiative into four authority ideal models, while Goleman (1995) favors six administration ideal models. In spite of Bass’s (1985) model being acclaimed as making a significant commitment to authority, his hypothesis has been scrutinized for different reasons (Yukl, 1999). One analysis is that his model overemphasizes the significance of a couple of initiative ideal models (e. g. value-based and visionary), excluding the old style and natural ideal models Bass affirms that visionary (transformational) pioneers are about in every case more successful than value-based pioneers, yet others (e. g. Judge and Piccolo, 2004; Wallace, 1997) debate this. While this in itself doesn't nullify the idea of visionary administration, Bass ascribes more to visionary (transformational) authority than maybe he should. As Avery (2004) proposed, both value-based and visionary initiative are legitimate types of administration, yet visionary authority might be pertinent all the more extensively, remembering for circumstances where there are deficient assets for the administrator to depend on providing outside remunerations (Judge and Piccolo, 2004), or where the circumstance is perplexing and vague, and depends emphatically on adherent information and responsibility. Avery recommends that there are different circumstances where value-based authority is the fitting type of initiative, for example, when supporters are reluctant or incapable to focus on the leader’s vision. Interestingly with Bass’s (1985) model, Avery’s (2004) ideal models give an expansive premise permitting to various types of administration that have developed at various occasions and in better places. The ideal models are valuable for demonstrating that there is no single most ideal perspective about initiative, rather that various types of authority reflect social and recorded roots. Avery’s standards permit initiative to rely upon the unique situation, react to hierarchical necessities and inclinations, and include numerous reliant components that can be controlled (Bryman, 1992; Shamir and Howell, 1999; Yukl, 1999). Avery (2004) proposes 13 files to separate between her four ideal models: old style, value-based, visionary, and natural. The nine files remembered for this survey are dynamic, scope of staff’s power, power separation among pioneer and the staff, key player of the association, wellspring of staff’s duty, staff’s obligation, circumstance of the board and authority in the association, circumstance of decent variety in the association and circumstance of control in the association. These nine rules are viewed as progressively significant for separating the four administration ideal models than the other four measures. Every worldview is talked about thus, including the distinctive qualities utilizing the over nine models. Old style administration is most likely the most established worldview with its beginnings in days of yore, is as yet utilized in contemporary associations (Avery, 2004). This worldview mirrored the predominant view in the business writing until the 1970s when the human relations development prompted to a greater extent an attention on devotees and their condition. As indicated by Avery (2004), traditional initiative alludes to predominance by a pre-prominent individual or a ‘elite’ gathering of individuals. This initiative can either be coercive or kindhearted or a blend of both. This happens in light of the fact that the tip top individual or gathering orders or moves different individuals to act towards an objective, which could possibly be unequivocally expressed. Different individuals from the general public or association normally hold fast to the mandates of the tip top pioneer, don't transparently scrutinize their orders, and execute arranges to a great extent out of dread of the results of not doing as such, or keeping in mind the pioneer, or both (Avery, 2004). Old style administration has a few confinements. The first happens where the pioneer can't order and control each activity, especially as circumstances become progressively perplexing and past the limit of one individual; or when extra responsibility from supporters is expected to complete a vocation, for example, in responding to evolving conditions; or when thoughts regarding initiative change and devotees no more

Analysis on Ernie Pyle’s on World War II Essay

In Ernie Pyle’s â€Å"On World War II†, he offered a couple of expressions. His announcements are promptly about World War II, yet they can be applied to almost every other war. Edward Pyle inserted his messages into the perusing the cunning utilization of expository gadgets and metaphorical language. Of the couple of messages that Edward Pyle made, one of them is more conspicuous than the other. â€Å"Anything and everything is expendable.† Pyle was suggesting that in war, a man’s life is sadly not any more significant than the hardware he employments. This can be inferred to practically any war that has occurred previously. The men and their gear can be supplanted right away. The other message implanted inside Pyle’s story is nearly something contrary to the past one. â€Å"There were the most recent letters from home, with the location on every one flawlessly razored out-one of the security precautionary measures upheld before the young men embarked.† Here, Pyle was discussing the significance of the in any case â€Å"expendable† men. They are not simply some replaceable toy warriors to try out some new methodologies. They have families and companions off of the front line. They may be just a single individual on the planet, however they can be the world to one individual; which implies they are essential and undependable. Ernie Pyle utilizes expository gadgets, for example, depiction to move his messages to the peruser. His messages are about the people in the war, yet can be inferred to each huge scope war. The primary messages are alternate extremes of one another; one is of the individual’s significance and the other of their irrelevance.

Will an Unpaid Debt Ever Go Away On Its Own (Yes, But Dont Hold Your Breath For It.)

Will an Unpaid Debt Ever Go Away On Its Own (Yes, But Dont Hold Your Breath For It.) Will Unpaid Debt Ever Go Away On Its Own? (Yes, But Dont Hold Your Breath.) Will Unpaid Debt Ever Go Away On Its Own? (Yes, But Dont Hold Your Breath.)Once the statute of limitations for a debt has passed, it becomes uncollectable. But in the meantime, it can still do lots  of financial damage.We all know that diamonds are forever, but what about unpaid debts? Do those come with an expiration date? While paying back the debts you owe is super important, we all know that there are times where it just ain’t going to happen. But do debts ever really expire?The completely accurate answer is: No, they don’t. But the more realistic answer is: sort of. Because debts aren’t really like diamonds at all. They have statutes of limitations. After a while, most personal debts will become basically uncollectable.Here’s what happens when you get sent to collections.When you fail to pay back a debt (with loans, this referred to as “defaulting”), it gets sent to collections. Sometimes this is a separate department at the lender itself, but most of the time the le nder just sells the debt to a collections agency. The same holds true with medical debt.When you’ve been sent to collections, the agency will usually try to contact you and demand payment. They may do so by phone, email, regular mail, or text message. They might also try and employ a lot of sketchy tactics like threats or harassment or pretending they are someone that they are not.Third party debt collection is mainly governed by the Fair Debt Collection Practices Act (FDCPA). To learn more about legal and illegal debt collections practices, check out our blog post: What Debt Collectors Can and Can’t Do.One thing that debt collections can do is take you to court over an unpaid debt. They usually wait to employ that option because no one likes going to court, not even debt collectors. If the judge issues a ruling in their favor, they can garnish your wagesâ€"taking a portion of your paycheck until the debt is paid off.However, there is something that debt collectors cannot do. Th ey cannot collect on your debt forever.Debts come with a statute of limitations.Think about a statute of limitations like a time limit. After a certain amount of time, a debt becomes uncollectible in the same way that, after a certain amount of time, a person cannot be prosecuted for certain crimes.Now, this doesn’t mean that you can take out a personal loan or a credit card or receive a bill for medical services and just wait it out without any repercussions. For one, failing to pay back money that you owe will wreak absolute havoc on your credit score.Plus, these statutes of limitations last for a matter of years, so you’re much more likely to get taken to court over an unpaid debt and have your wages garnished during the period when the debt is collectible than you are to successfully wait it out.For the most part, the statute of limitations on a debt will start ticking after the date of your most recent payment. So let’s say you take out a personal installment loan with a six-year statute of limitations, and after three years you stop making payments. The statute wouldn’t come into effect until six years after that last paymentâ€"nine years after you first took out the loan.The statute  of limitations on a  debt will depend on the what and the where.The statue of limitations on a debt will vary based on two factors: the type of contract that was signed and the state in which the debt was taken out. Oh, and when we state we mean, like, Delaware or Illinois, not state of mind or state of inebriation. (You’ll be hard-pressed to get out of a loan agreement by arguing that you signed it while drunk.)The four basic types of loan contracts are:Oral Agreement: This is debt agreement that is made verbally, without a written documentation of the agreement. (We generally recommend you don’t do this, especially with friends or family.)Written Contract: This is debt agreement that is made in writing. It must be signed by both parties.Promissory Note: These are like written contracts, but they include a deadline for repayment and stated information on the interest rate.An Open-Ended Agreement: These are like written contracts, but they are specifically for accounts with a revolving balance, like credit cards.And now here’s where it gets really fun. Not only are there four different types of contracts, but the statutes of limitation vary across all 50 states. That makes for a total of 200 different statutes of limitations to keep track of at the national level.To check out a handy-dandy table that lays out all 200 statutes, check out our blog post: Does Medical Debt Really Go Away After Seven Years?A statute of limitations is not a “get out of jail free” card for debt.Remember that blog post we just mentioned? The one from two seconds ago? You should also read it if you’ve ever heard of the so-called “seven-year rule” for medical debt. Basically, the rule says that medical debts expire after seven years, which isn’t true a t all.This urban myth probably arose from two factors: the statute of limitations and the amount of time (seven years) that a debt will stay on your credit report. Unfortunately, it’s just not that simple. No debt ever is.In general, it isn’t helpful to think of the statute of limitations on a given debt as a finish line that you have to cross. It is there to protect people from getting taken advantage of by predatory collectors who will dredge up old loans or medical bills and intimidate people into paying them.If you are having trouble paying back a loan, credit card, or other debt, you should talk to a credit counselor or even contact your creditors directly to try and negotiate more favorable terms. You might even want to consider filing for bankruptcy protection.Don’t try to outlast your debts. Instead, you should face them head on and take responsibility for them. In the long run, you’ll be much better for it.To learn more about getting out of debt, check out these rel ated posts and articles from OppLoans:Understanding Debt Relief: An Interview With Michael Bovee of The Consumer Recovery NetworkWhat is the Debt to Income Ratio?Are Balance Transfers a Good Way to Pay Down Debt?Have you ever had someone try to collect on a debt that was past the statute of limitations? We want to hear about it!  You can  email us,  or you can find us on  Facebook  and  Twitter.

Behavior Modification And Operant Conditioning - 869 Words

The effort to complete a successful change in behavior is known as behavior modification. The whole definition of the term as discovered by psychologist B.F Skinner forâ€Å" the best way to understand behavior is to look at the causes of an action and its consequences. He called this approach operant conditioning(McLeod).† The name which went on to be distinguishable from the term classical conditioning which is commonly referenced to the study of Pavlov’s dog. Behavior modification/operant condition is drastically different from this in that the have several techniques both positive and negative to insure a positive change in condition. Does this always work? The experiment and the results are proof in case for each individual study . B.F Skinner first showed us operant conditioning through the use of animals (rats/pigeons) to show how the effects of positive/negative reinforces as techniques help the progression of a modification in behavior (also known as operant conditioning). Which do you suppose is more effective a positive reinforcement or a negative reinforcement in operant conditioning? B.F Skinner developed three different type of responses to signify the importance of his study ;â€Å"Neutral Operants, Reinforcers, and Punishers† (McLeod). They are defined as below: Netural Operants-responses from the environment that neither increase or decrease the probability of a behavior being repeated.(McLeod) Reinforcers- there are two types: positive and negative.Show MoreRelatedApplied Behavioral Analysis and Case Studies Bobby, Jackie, and Emma1712 Words   |  7 Pagesscience that aims to systematically apply intervention processes using the behavior learning theory in order to remove or change undesirable socially significant behaviors (Cooper, Heron, Heward, 2007). Applied behavioral analysis can be applied in many setting and situations and the intervention process and techniques depend on those settings and individual situati ons. Applied behavioral analysis is used to modify target behaviors that can occur in the home, in the community, in an educational settingRead MoreRespondent and Instrumental Conditioning as Related to Phobias and Addictions1004 Words   |  5 PagesRespondent and Instrumental Conditioning as related to Phobias and Addictions Many people who suffer from phobias also suffer from addictions. This is largely due in part to the reluctance to seek professional treatment for the phobia. People turn to other means to cope with their phobias which in turn leads to addictions. Dependence is such an issue with addiction that stopping is very difficult and causes severe physical and mental reactions. Therapist use a technique called extinction toRead MoreAll Behavior Caused By External Stimuli Operant Conditioning1193 Words   |  5 PagesAll behavior caused by external stimuli operant conditioning). All behavior can be explained without the need to consider internal mental states or consciousness. 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His father was a lawyer and his mother wasRead MoreCompare and Constrast Classical and Operant Conditioning737 Words   |  3 Pagescontrast classical and operant conditioning, their theories, terminology, famous psychologists and applications of the theory for teaching. Classical and operant conditioning are two important concepts central to behavioral psychology. While both result in learning, the processes are quite different. In order to understand how each of these behavior modification techniques can be used, it is also essential to understand how classical conditioning and operant conditioning differ from one anotherRead MoreOperant Vs. Classical Conditioning1211 Words   |  5 PagesOperant and Classical Conditioning Tiara Gordon PS 210 Professor Rivera Introduction Operant and Classical conditioning reminds me of the famous controversy, nature vs nurture. It’s like having a pessimistic or optimistic view on learning techniques and how much of the environment or genes influence the two. These learned behaviors have been scrutinized by people alike, some have debated that everything we do from the time we wake up to the time we go to sleep is operant conditioningRead MoreBehaviral Tools926 Words   |  4 Pages There are approaches service workers may find helpful when working with various clients and working in different situations. To focus on creating healthy behaviors, this report on behavioral tools looks at effective methods of implementing change through the following: client centered approaches, grounding techniques, and operant conditioning through positive and negative reinforcements. The report will also assist human service workers identify some situations that the stated approaches may beRead MoreEssay on Psychology: The Stud y of the Mind and Behavior755 Words   |  4 Pagesthe study of mind and behavior. This discipline is characterized by several concepts and approaches that are used by psychologists in understanding human behavior. Since psychology is a broad field, psychologists not only use these concepts and approaches but also conduct scientific research that enables them to understand human behavior. Some of the most common psychological concepts that are used to modify or change an individual’s behavior include operant conditioning, positive and negativeRead MoreComparison Of Ivan Pavlov And John Watson978 Words   |  4 Pages In 1903 a Russian physiologist by the name of Ivan Pavlov first developed an experiential model of learning called Classical Conditioning (Lautenheiser 1999). An example if Classical Conditioning would be ringing a bell when it is time for your pet to eat. The pet hears the bell and over time is conditioned that when the bell rings its dinner time thus begins to salivate, and eventually learns to be conditioned to responding to the bell in a specific manner. The bases was that neutral stimulusRead MoreBehavior Modification Essay example839 Words   |  4 PagesBehavior Modification Behavior Modification, a psychological theory of human behavior. It evolved from the application of experimentally derived principles of learning to the modification of problem behaviors. The theory is based on a psychological model of human behavior that rejects the psychoanalytic or quasi-disease model of mental illness. Approaches to behavior modification assume that abnormal behavior is acquired and maintained in the same manner as normal behavior and can be changed

Life After Persuasive Essay Social Media Topics Beneficial to the Society

Life After Persuasive Essay Social Media Topics Beneficial to the Society Lies You've Been Told About Persuasive Essay Social Media Topics Beneficial to the Society The selection of topic is the most significant and foremost step to finish. You're able to easily debate the topic and it'll make it simpler that you persuade the opinion of others. Deciding upon the most suitable topic is the most crucial job. Picking the most suitable topic for a persuasive speech may be not such an easy matter to do as it might appear. Overall, you can observe that writing a persuasive essay isn't a brain surgery. You can give your subject of interest to the essay writers. If you think that you don't have enough skills for writing your persuasive speech, you can hire expert help. A detailed guide about how to compose a persuasive essay can be found on our site. Social networking sites like Facebook is currently becoming the most important resource for sharing news and updates. Social media content created by men and women without a corporation even Facebook cannot control it. To start with, social networking, like Facebook, are extremely addictive. Individuals would say drug or alcohol is more addicted than social media or societal media addiction isn't big difficulties, but it's not accurate. Social anxiety can put kids and teens in fear of the actual Earth, and lead them to turn into socially-isolated. Social networking is regarded as an addiction and a lot of people are becoming addicts every single day. Anyway, the government should also offer the right to safeguard the authenticity of information. Greater use of social media can result in poor sleeping patterns. The very first reason social media has helped is because it permits you to keep in contact with friends and loved ones. They should be an entertaining thing for all people to be able to play games, and connect with distant friends and family. The use of technology has affected human life to that extent that we're literally based on the technology in our everyday lives. The technology has also altered the way we communicate with different folks. Nowadays t echnology can be viewed everywhere. Social networking makes much easier for the people to cooperate with one another, either for business purposes or socially, by sitting anywhere on the planet. Social media is supposed to boost an individual's quality of life, and can lessen health risks. It does have negative effects as well, but are nothing compared to the advantages of using it. It has already completely changed the way people interact in the world, but also it is advancing more to make it easier to access. Some people think that social media addiction is a myth, but others argue it is an actual thing. The excessive use of social media has brought about plenty of strain and unhappiness in teens, and there's no excuse for it. The media has a large effect on children in the way they perceive certain events and acts. On the flip side, the media is notorious for taking things out of context and even causing panic when it isn't necessary. Prior exposure or knowledge about a specific subject provides better hindsight that may bring much better arguments on the issue. In earlier times people necessary to meet physically thus there was a limitation concerning how many prospective mates one could reach out to at any certain time. Actually there's drastic change in comparison to the early years where kids used to devote a lot time with one another or parents playing or only sharing stories. There's a significant remedy to your issue! One-of-a-kind and compelling topic ideas can play a crucial role in engaging and persuading the audience. This informative article covers pros and cons of social networking. Research is vital to understand what catchy and fun persuasive speech topics that you want to write about. The main reason is it may cause your audience to eliminate interest in what you're saying. Once it's possible to debate on the subject, you aim to change other's opinions or simply persuasion is going to be achieved. Even if you think in a specific argument very strongly, if you lack the evidence to show your point, then your argument might just be as great as lost. Normally, having three key arguments to show your point is sufficient for a convincing paper.

Mas-Cadel Specialty Bicycle Free Essays

string(69) " customers to make sure that customers can purchase desirable bikes\." Cadel Specialty Bicycle Management Accounting Systems ACCT2195 Name: Nguyen Thai Son ID: S3296794 Lecturer: Keshav Dayalani Table of Contents Executive Summary3 Introduction4 I. Cadel Specialty Bicycles’ (CSB)5 A. Business mission5 B. We will write a custom essay sample on Mas-Cadel Specialty Bicycle or any similar topic only for you Order Now Mean of competitive advantage6 C. Key Success Factors (KSFs)8 II. Management Accounting System of CSB9 ?Personnel9 ?Scare resources10 ?Activities11 III. Performance measurement Reward System (PMRS) and its roles11 1. The factors to be measured12 2. A specific performance target12 . A reward attached to the performance target12 IV. Limitations of current PMRS14 A. Limitation14 B. Dysfunctional behavior15 V. Recommendation for new PMRS16 Conclusion17 References18 Appendix20 Executive Summary Cadel Specialty Bicycle (CSB) is a successful business of which nature is made-to-order bicycles. In other words, each bicycle of CSB is assembled in accordance with customer’s specification. The business aims to target on the niche market in which almost people are committed cycling enthusiast. Due the success of the first store located in Doncaster, Victoria, Australia, CSB has recently expand its business by opening two new stores located in Geelong Black Rock and each store has different potential in the track of development . However, CSB has faced problems of personnel resources management because the business had not applied the suitable strategies within the expansion. Although, the company plans to implement a new management accounting system (MAS) to deal with these problems, there still are weaknesses contained in the new MAS. Hence, the purposes of this report are analyzing the current system and suggesting new suitable MAS for the business. The first demonstration of the report is Background Current position of CSB, which is used as a foundation for developing suitable MAS. The business mission of CSB, classified as â€Å"Question mark†, is building as well as increasing the market share. CSB creates its competitive advantage based on the differentiation of product/service and the niche market. However, CSB has not reached the Cost-cum-Differentiation advantage yet. CSB may focus on the five key success factors (KSFs) including Proper decentralization measurement of manager’s performance, Good relationship with suppliers, Establishing appropriate costing system minimizing cost, Maintaining the highest level of customer satisfaction and Product Service Quality The second part of the report focus on evaluating the role as well as benefits of tools/techniques of current MAS in supporting the business in term of of personnel, scare resources and activities. Next, the role of Performance measurement Reward system (PMRS) within the business is clearly analyzed in relation to directional motivational influences on behavior. The report also states the limitations of the current PMRS which potentially leads to dysfunction behaviors. Finally, the report will suggest the suitable PMRS for the business which may effectively efficiently support CSB in the track of its success. Introduction One of the most essential factors which guide organizations and businesses toward success is management accounting system (MAS). It is always a smart decision for business to apply integrated MAS which provides accurate analysis report by gathering financial data from operations (sales, inventory cost). As a result of having MAS, business gains sufficient advantages in streamlining operations procedures, reducing costs and building capital for expansion. Refer to the case of Cadel Specialty Bicycle (CSB), the business mainly focus on selling made-to-order bicycles and guaranteeing the product/service quality. After the expansion (two new stores), the business seems to get into trouble with management as well as operation. This report will demonstrate the business analysis, evaluate the current MAS as well as suggest new potential/appropriate MAS. I. Cadel Specialty Bicycles’ (CSB) A. Business mission Business mission, â€Å"which usually reveals purpose of operation, value and priorities of company† (JohnRichard 2009), can be considered as a fundamental factor in conducting appropriate MAS for the business. The following criteria will clearly illustrate the current mission of CSB (build, hold, harvest, divest): * Importance of externalities One factor that significantly contributes to the potential development of CSB is the external environment. Recently, bike paths have become popular around Melbourne as people tend to reduce using cars. Therefore, there has been a significant growth in the market for bicycles. Utilizing the bike paths, CSB opened two new stores (Black Rock Geelong) which seem to have great potential for development. * Market share expectation Due to the well establishment, Doncaster store (touring bikes) is highly demanded by customers that provide the store many opportunities to develop. Besides, Geelong store (mountain touring bikes) also has great potential thanks to its advantageous location although the demand is not yet as high as at the Doncaster store. As a result of having great potential, the Market share expectations of the two stores seem to be high. Although CSB does not own a large part of the bicycle market at the moment, the business has a substantial growth rate. Base on facts of the case, â€Å"CSB aim to capture a significant proportion of this growth in the future†. Boston Consulting Group Model Relative Market Share (cash source) Mission = Hold Mission = Harvest Mission = Build â€Å"Dog† Mission = Divest High High Low Low â€Å"Star† â€Å"Question mark† â€Å"Cash cow† Market growth rate (cash user) Overall, CSB has high Market growth rate while owning low market share. Hence, the business can be classified in to â€Å"Question mark† and the business mission of CSB is building as well as increasing the market share. B. Mean of competitive advantage Competitive advantage is a special characteristic that a business has over its competitors, enabling the business to gain greater sales or profit within the competition. The two common competitive advantage options, which have been applied by CSB, are Differentiation Niche market. * Differentiation: CSB differentiates its products services based on certain criteria which are Function Customer service. * Function Unlike normal bicycle business, CSB primarily applies the made-to-order function for all three stores which assemble customized bicycles based on customer specifications. In order to ensure the timing success of this approach, a large inventory of different bicycle parts is held by each CSB stores. * Customer service CSB puts much effort on the operating customer service as well as interacting with customers. Cadel- CSB owner spends significant time in taking care of store’s day-to-day operations and often engages directly with customers to make sure that customers can purchase desirable bikes. You read "Mas-Cadel Specialty Bicycle" in category "Essay examples" CSB also sets a limit for the waiting time (time for customized bicycles to be available) which are less than two days of the initial consultation. The applied post-sale service is calling the customer after a week of taking possession of CSB’s products to ensure the customer’s satisfaction, and offering free-of-charge changes if necessary. Additionally, free lifetime after-sales service is also offered in which customers only have to pay for parts required. * Niche Market CSB targets on specific segment of market which is cycling enthusiast through the offer of customized bicycles. This customer group willing to spend more for qualified desirable product Business competitive advantage Relative Cost Position Cost-cum-Differentiation Advantage Stuck-in-the -middle† Differentiation Advantage Low-cost-Advantage Superior Inferior Inferior Superior Relative Differentiation Position Although CSB gains moderate differentiation advantage, the business did not consider much about the costing system (estimating price without real cost data). Therefore, CSB has not reached the Cost-cum-Differentiation advantage yet. C. Key Success Factors (KSFs) In order to construct appropriate efficient MAS, business may consider the essence of critical KSFs which determine its success (cost and efficiency, quality, time, innovation). Gaining sufficient knowledge of KSFs will support the business to define the necessity of promoting strengths and competencies that match those factors in order to gain competitive advantage and achieve the business success (JorgeDonald 1989). Refer to CSB- a growing business with great potential, certain KSFs would be as the following: * Product Service Quality Cadel spends considerable time in training the store manager and often personally assembles checks the customized bicycles to ensure the Service Product quality. As a result, CSB is currently well known as a business providing high quality, customized bicycle. * Maintaining the highest level of customer satisfaction Giving customers more than they expect is the basic concept of this issue. As Cadel believe that specialized customer service is a KSF of CSB, he put many efforts in maintaining the customer satisfaction such as calling the customer after a week of possession, offering free lifetime after-sales service limiting the waiting time (2days). Establishing appropriate costing system minimizing cost A weakness of CSB is that the business operates without real cost data. Hence, establishing suitable costing system has become a fundamental mission in the track of reaching success. Besides, CSB has to consider cost minimization to achieve Cost-cum-Differentiation advantage. * Good relationship with suppliers Since the expansion, the demand for supplies of CSB has increased due to the requirement of more inventories for the two new stores. Therefore, finding and maintaining good relationship with suppliers is also essential. Proper decentralization measurement of managers performance It is essential that Cadel distributes the authority to store managers properly because the business structure has become more complicated since the expansion and Cadel cannot play all roles of the business. II. Management Accounting System of CSB In order to solve the problems arisen from the expansion, Cadel’s brother has suggested Cadel to develop a MAS which significantly supports the business management in term of personnel, scare resources and activities. The following analysis will demonstrate the roles benefits of each tool included in the MAS: Personnel * Supplier performance measures (SPM) SPM is a critical initiative for business dealing with multiple suppliers. The main role of SPM is integrating supplier quality which helps the business have accurate visibility toward supplier delivery and avoid hidden cost drivers f rom poor quality. As a result, SPM directly decreases business risks and revenue losses Besides, SPM is a vital tool for motivating improvement and ensuring that products meet the required standards. SPM also supports in determining good suppliers so that CSB can maintain relationship with those suppliers. Related KSFs: Product quality; Good relation with supplier * Responsibility accounting system (RAS) RAS is used as an internal system which improves cost control and business’s performance. Its main role is ensuring the responsibility of individual managers toward elements of business performance in which they gain control. In RA, each store/department will be assigned certain stated goals and relevant managers will be judged on how well they meet the goals. As a result, CSB is able to detect the weak areas within the business and make correction properly Related KSF: Proper decentralization measurement of managers performance Scare resources * Net Present Value (NPV) analyses NPV is an efficient method used in determining capital investment decisions. A potential project should be proceeded if its NPV value is positive unless there is a superior investment option offered. NPV allows CSB to make proper investment decision and invest in worthwhile projects because NPV does not only calculate the net cash flow from the project but also considers various associated factors like time value of money, opportunity cost risk of prospective cash. Related KSFs: Minimizing cost Costing system The main role Costing system within MAs is collecting, analyzing reporting the cost data that enables the owner and managers to monitor cost for reducing wastage and misuse of resources. Within the operation of business, it is easy to identify direct costs which associate with particular activities. However, indirect costs are those incurred in common or joint objectives so it cannot be clearly identified with particular activities. In order to assign indirect cost to projects accurately, Activity base costing system (ABCS) should be applied. ABCS is an efficient method which calculates and reduces operating the cost by finding key activities and its cost drivers. Consequently, the cost can be assigned accurately and the costing system can operate smoothly. Overall, costing system enables CSB to view all expenditures and manage its cost effectively Related KSFs: Establishing appropriate costing system minimizing cost * Budget preparation The core role of Budget within CSB is tracking all of the money coming into the business along with all of the money going out. The budget can be designed to be detailed enough to cover numerous streams of income expense. Establishing proper budget can significantly support the business in planning the use of resources, motivating individuals to achieve performance supporting forecast. * Activities * Inventory management system – Economic Order Quantity (EOQ) The main role EOQ model is providing the most economical quantity of items which CSB should order to maximize value minimize costs when re-stocking inventory. Applying EOQ does not only help the business to reduce Storage Holding cost but also support in maintaining sufficient inventory levels to meet customer demand. It seems that customer service can be improved as inventory is available when needed. Related KSFs: Establishing appropriate costing system minimizing cost; Maintaining the highest level of customer satisfaction * Profit and loss statements (PL) PL is one of the major financial statements which clearly demonstrate the profitability (revenue, expenses and profit) of the CSB during a specified time interval. Hence, the basic role of PL is indicating whether the business is profitable or not. Conducting a proper PL can enable CSB to notice the areas needing improvement and provide an overall idea of how much the business owes compared to how much it owns. Besides, a truthful PL report can also support CSB in planning ahead to the next financial period. III. Performance measurement Reward System (PMRS) and its roles Performance measurement is a process of gathering reporting nformation regarding the performance of the business individuals. To be effective, Performance measurement must be combined with Reward system and the rewards provided are based on performance. The overall role of PMRS is to periodically monitor performance to judge how well the business is running and motivate the personnel’s performance by Reward system. Both performance measure and rewards provide directional and motivational influence on behavior. However, each element of PMRS has its own roles which comp lement the system. PMRS contains three elements: 1. The factors to be measured| The first element clearly demonstrates the factors which will be measured in order to communicate important aspects of the business toward employees. Thanks to that, employees are able to concentrate their work into informed aspects/areas| * â€Å"Directional influence on behaviour† is mainly fulfilled by the roles of the first 2 elements (Measured factors Performance target). Within this method, employees are directed to achieve the desired behaviours. | 2. A specific performance target| The main mission of the second element is narrowing the targeted aspects into specific tasks/activities so that employees can focus, put effort and accomplish these tasks. Besides, the provided criteria in the system is also a base for owner/manager to provide feedback to improve future performances| | 3. A reward attached to the performance target| The Reward system is based on the concept of attracting, retaining and motivating people. As employees can be motivated by intrinsic (e. g. elf esteem) and extrinsic rewards (e. g. bonus), monetary reward is not the only important component of the Reward system. There are other factors which also efficiently encourage employees in improving performance. Based on Theoretical Framework (Khan KU, Farooq SU Ullah MI, 2010), there are generally four main independent variables of reward which are payment, promotion, recognition and benefits. Promotion seems to be the most efficient motivation as almost people ten d to have ambitiousness of getting better positions in the business/company. Moreover, different reward strategies would have a different motivational impact on diverse people. By providing attractive incentives, Reward system encourages individuals to actually undertake the tasks with intensive willing. According to Khan KU, Farooq SU Ullah MI, 2010, â€Å"there is a statistical significant relationship between all of the independent variables of reward with dependent variable employee work motivation, all the independent variables of reward have a positive influence on employee work motivation†. Overall, Reward system plays role as a way of having people work harder. | * â€Å"Motivational influence on behaviour†, meaning individuals are motivated to intentionally acquire the desired behaviours, is mainly achieved by the role of the third element which is Reward system. | In this case, CSB applies reward strategy in term of â€Å"bonus† providing to each store manager up to 20% of their quarterly income * Meeting sales budget * Bonus of 2% of manager’s quarterly income if they meet the sales budget for each quarter. * Meeting profit budget Bonus of 10% of manager’s quarterly income if they meet the profit budget, prepared at the start of each quarter * Achieving favourable cost variances: * Bonus of 4% of manager’s quarterly income if all favourable variances are less than 10% of the initial budgeted cost; * Bonus of 8% of manager’s quarterly income if all favourable variances are 10% or more of the initial budgeted cost. * Direction al influence supports individuals in focusing on the targeted areas and tasks. Besides, Motivational influence helps employees to do the work voluntarily and put much effort to successfully accomplish it. Moreover, Motivational influence is almost always less intrusive than Directional influence. As a result, the business’s personnel cannot be well managed without the combine of Directional influence Motivational influence. IV. Limitations of current PMRS A. Limitation B. Dysfunctional behavior * Dysfunctional behavior means that individuals within the organization/business do not function properly in accordance with the organization’s direction. Dysfunctional employee behaviors often occur due to the rapaciousness of individuals or conflict between employee’s interest and the organization’s interest. The general purpose of Dysfunctional employee behaviors is gaining benefits (either for personal or department) from organization’s gaps. * In this case, as a result of lack of measurement in input and process stage, managers have opportunities to engage in Dysfunctional behavior. It can be explained by the following situation: * If there is no mechanism for monitoring the consistency between input and output, managers may provide â€Å"unreliable report† which shows that they have reached the performance target and deserve rewards. Lack of input measurement also leads to the problem that managers purchase low quality material to reduce operation’s costs in order to reach the defined cost target. Consequently, it’s very difficult to discover such Dysfunctional behaviors without proper measurement. V. Recommendation for new PMRS Besides the Performance measure, several common Reward strategies are also suggested below: Conclusion As MAS is essential for bus iness’s operation, CSB cannot successfully expand its business without proper MAS. However, the new MAS, which CSB has planned to implement, still has several weaknesses. Therefore, the main purposes of this report are evaluating the current position (Business mission, Competitive advantage KSFs) and current MAS (including PMRS). The report also suggests the potential PMRS for the business. References ‘Competitive Advantage’, 2012, Investopedia US, viewed 28 July 2012, http://www. investopedia. com/terms/c/competitive_advantage. asp#axzz21h1qWFmY . Daniel, H, 2011, ‘Benefits of NPV’, BenefitOf, 27 July, viewed 28 July 2012, http://benefitof. net/benefits-of-npv/. John, AP II Richard, BR 2009, ‘Strategic management: Formulation, Implementation, and Control’, 11thedn. , McGraw Hill, Singapore. Jorge, AS Donald, CH 1989, ‘Key success factors: Test of a general theory in the mature industrial –product sector’, Strategic Management Journal, vol. 10, no. 4, pp. 367-382. Khan, KU, Farooq, SU Ullah, MI, 2010, ‘The Relationship between Rewards and Employee’, Research Journal of Internat? onal Stud? es, May, Issue 14, pp. 37-42. Kumar, V, 2011, ‘Costing System’, Accounting Education, 14 February, viewed 27 July 2012, ;http://www. vtuition. org/2011/02/costing-system. html;. Meer, NVD, 2010, ‘The Importance of Competitive Advantage’, Market views, 12 September, viewed 28 July 2012, ;http://www. sharenet. co. za/marketviews/mv_view_article. php? id=1650;. Morris, K, 2012, ‘What is A Management Accounting System’, eHow Money, viewed 28 July 2012, ;http://www. ehow. com /facts_5460765_management-accounting-system. html;. ‘Motivational Influences on Attendance in Your Organization’, 2011, HR BLR, 1 January, viewed 27 July 2012, ;http://hr. blr. om/HR-news/Performance-Termination/Attendance/Motivational-Influences-on-Attendance-in-Your-Orga/;. Piasecki, D, 2012, ‘Optimizing economic order quantity (EOQ)’, Inventoryops, viewed 27 July 2012, ;http://www. inventoryops. com/economic_order_quantity. htm;. Reyna, SM, 2012, ‘Key Success Factors of Your Small Business’, Power Home Biz, viewed 27 July 2012, ;http://www. powerhomebiz. com/vol95/key. htm;. ‘Supplier Performance Management’, 2012, Metric Stream, viewed 28 July 2012, ;http://www. metricstream. com/solutions/supplier_performance. tm;. The university of Texas, 2012, ‘Performance Reward’, tmc. edu, viewed 27 July 2012, ;http://hr. uth. tmc. edu/Training_Development/perplan/reward. html;. ‘Value Measurement’, 2004, Performa nce measurement, viewed 27 July 2012, ;http://www. performance-measurement. net/news-detail. asp? nID=28;. ‘What is a Costing System’, 2012, Wise Geek, viewed 28 July 2012, ;http://www. wisegeek. com/what-is-a-costing-system. htm;. ‘What Is Responsibility Accounting’, 2012, Wise Geek, viewed 28 July 2012, ;http://www. wisegeek. om/what-is-responsibility-accounting. htm;. Appendix * Porter’s Five Forces model for supporting an analysis of external environment Threats of New Entrants Bargaining Power of Suppliers Bargaining Power of Customers Rivalry among Industry Competitors * Porter’s value chain analysis for supporting an analysis of internal environment Design Production Marketing Distribution Support Activities: Finance, HR, Legal, IT Motivational influences A number of important motivational influences playing a strong role in encouraging employee include: * Job scope. Improving or enriching the nature of a job substantially reduces absenteeism. * Stress and conflict. Levels of absenteeism are higher in situations of job stress, anxiety, tension, and lack of role clarity. * Leadership style. Your leadership style affects attitudes that affect absenteeism. * Co-worker relations. Mutual tolerance and the absence of tensions among co-workers have a positive effect on attendance. * Pressures to attend. The economy and job shortages will influence a person to be more conscientious about job attendance. * Work group norms. When members of a highly cohesive group view coming to work to help co-workers as a desirable work ethic, job attendance is attractive. * Personal work ethic. A high regard for work as a personal value positively affects job attendance. * Organizational commitment. Compatibility with the mission, goals, and values of the organization has a positive impact on attendance. You can affect most of these motivational factors significantly by the way you manage your department and supervise your employees. By encouraging open communications, by making employees feel needed and appreciated, by making their jobs as How to cite Mas-Cadel Specialty Bicycle, Essay examples

It gave the african americans a sense of pride tha Essays

It gave the african americans a sense of pride that they never had before. There wasn't really any change in appearance but there was a change at heart like they started to fight for there right even more. It was originally a cartoon character that was portrayed as a stupid black man and then they turned his ways into laws. That even though the african americans have the same rights as whites the rest of the population does not fulfill the request. The march on washington, which was organized by Dr. Martin Luther King. And the sit ins Yes it did because it led to the destruction of the jim crow laws Because during the war the minority soldiers saw how good the would have been treated in europe so they were big contributors of the civil right movement Because the way that they were treating them was getting out of hand and what was happening was getting leaked out to the other countries as propaganda The people fighting and the fact that what they were doing was cruel and evil Emmett Till was a boy who went to the south to spend some time with his uncle and he talked to a white woman and she told her husband. That night they killed him and shot him and broke every bone in his body. A couple weeks later they found his dead body and the only way they could recognize him was buy the ring on his finger. This case was a huge turning point because it desegregated the schools Rosa parks was sitting on the white half of the bus and she was told to move and she didn't so she was arrested. She then started the movement to boycott the bus and they did until the bus company desegregated the bus. This act ended all segregation in the united states