Wednesday, May 6, 2020
Discuss How Management Theory and Practice Has Changed...
The evolution of management has been changed a lot since the early 1900ââ¬â¢s. Many different management theories have been developed, the external factor also changing at the same time, such as the technology and the nature of career. Those changing influence the trend of management method. There are four major approaches in the past, classical approaches, behavioral approaches, quantitative approaches and modern approaches. At the past, efficiency is the most important in the earliest management theories. However, in 21st, these is no doubt that the globalize economy is performance-driven. There is a huge change in the main theme of the management theories. Bartol, K (1998) states that before the classical approaches exist, there are someâ⬠¦show more contentâ⬠¦Douglas McGregor examined the basic assumptions about human behavior, based upon the early writings of Fayol. McGregor Theory X and Theory Y helped find the ways to interacting with workers. Theory X is use for the people who dislikes work and need to be controlled. Theory Y is for the people who willing to work and capable of self-control. Bartol, K (1998) states that these approaches must set the goals specific and measurable (ââ¬ËWe want to achieve 1000 output in this yearââ¬â¢), rather than vague (ââ¬ËI want to perform better in my job this yearââ¬â¢). Campling (2008, p.99) states that the quantitative approaches focused on using mathematics, statistics and information to support management decision making and solve management problem. There are three main branches: management science, operations management and management information system. Management science uses mathematical techniques to analyze and solve management problem. Operations management is the function or field of expertise primarily responsible for managing production and delivery of an organizationââ¬â¢s products and services. Management information system is the field of management focusing on design and implementation of computer-based information systems management. Bartol, K (1988) states that the problem of quantitative approaches that human factor is not easy to quantify and this approach only concern the performance of the organization ignored the otherShow MoreRelatedScientific Management1358 Words à |à 6 Pagesï » ¿Critically discuss the notion that Scientific Management was a ââ¬Ëgoodââ¬â¢ idea in the history of management thinking. Since the thousands of years, people use the management in the great projects such as the Egyptian pyramids and the Great Wall of China. According to Robbins, et al. (2006), Henri Fayol said that all managers perform five functions: planning, organizing, commanding, coordinating and controlling in the early part of the twentieth century. Robbins stated that, in the mid-1950s, management functionsRead MorePrinciples of Scientific Management1975 Words à |à 8 PagesSince its inception in 1911 Scientific Management has soared to incredible heights, spread across the entire world as an expert`s way to make the most out of the time an employee. Before I begin analysing its use today it`s important to first establish what Scientific Management means. It is defined concisely in the business dictionary as ââ¬Å"an early 20th century school of management thought concerned primarily with the physical efficiency of an individual workerâ⬠that ââ¬Å"emphasises the rationalizationRead Mo reCareer Counseling Over the Lifespan Essay3622 Words à |à 15 PagesAbstract Career counseling over the lifespan has more than an occupational focus, it deals with the personââ¬â¢s entire being with a vision that includes oneââ¬â¢s lifespan. 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Introduction Tsingtao is the Chinaââ¬â¢s oldest beer brand and the firm want to share the globe market in the following years. Heineken is a famous international beer company with legend. In this essay, we would like to study the organization behavior of these two firms
Tuesday, May 5, 2020
Management Issues Of A Reputed Company â⬠Myassignmenthelp.Com
Question: What Is The Management Issues Of A Reputed Company? Answer: Introduction The case study deals with the management issues of a reputed company. The company considered for this report is Dominos Pizza. The case study is entirely based upon Media investigation reports. Dominos is an US based organisation having branches in Australia. Dominos Pizza is listed on the Australian stock market. The performance of organization is best in Australian market. The organisational share price has been constantly raising and has achieved 2500% of its original IPO, ranking the organization among the best in the Australian market. Report was been stated by the organisation that it has generated a total revenue of approx $939,976,000 in 2016. This is enough for comprehending that the organisation is performing well and is earning a considerable amount of profit. Back ground The business of Dominos is been built for selling pizza at an affordable price to the common mass of people. Business model of the organisation is based on the sales growth of franchisee. The business model is not based on profit structure. As the organisation is based on franchisee therefore the head office of Dominos collects royalty from the franchisee for each sale. The organisation is selling around 1million pizzas per week. Therefore, it is the largest franchisee of Dominos. The organisation have the rights of franchising as well as operation of the brand is been conducted in Australia, France, New Zealand and in other parts of the world. The organisation is holding numerous agreements for Master Franchisee for operating the brand globally. Around 1900 stores are been operates as well as franchised by the organisation. The organisation plans for opening new stores to increase sale as well as cope up with the existing sales. The acquisition forecast is been linked with rapid exp ansion of stores. Besides, being an industry leader the organisation is gaining share in the markets of Australia and New Zealand. The organisation is having a rapid expansion plan globally. Franchisee are been selected by the organisation very carefully as they will help the company in earning more profit. The end markets are been established by the franchisee. The bottom line of the organisation is doubling on one hand and on the other hand, the price of pizza is to be decreased as high competition was faced by the organisation from the other organisation in the same industry. Meji, the CEO of the organisation having business-oriented mindset up has the goal of establishing as well as developing entrepreneurial aim for constructing innovativeness. The organisation is facing numerous challenges in form of major and minor issues. CEO believed that the negative situations can be turned to positive situations and this is the only way of sorting out the issues faced by the organisation (Hanks 2015). The organisational CEO asked the managers for focusing to objectives for long term as well as goals for short term. Challenges faced by the organisation The organisation is facing many challenges while operating the business. The challenges can be classified as the major challenges and the minor challenges. The major challenges incorporates is the leadership style of the organisation. The leadership style followed in the organisation needs to be changed. The organisation follows the style of autocracy. Therefore, the top-level management acts like dictator, which can have negative effect on the employees. According to the organisational CEO Meji, the top-level management has to act like dictator for the interests of their teams. Dictator leadership will help them in maintain the franchises as well. The franchisees are been called to headquarter of the organisation for their unlawful conduct. Dominos after auditing their franchisees stores found that some of the franchisees have dine fraud regarding the payment to their employees. The franchisee reports as the organisation is following dictatorial leadership in order to gain profit fr om their business therefore, franchisee has to suffer huge loss in their business. The franchisee therefore, chose the path of cutting the cost of employees in order to save themselves from the huge losses. The organisation for competing with the other companies in same industries is aiming to decrease their rte of products, which made the franchisee to confront difficulties in order to carry their business. Therefore, it can be said in a clear statement that the dictatorial leadership is liable for franchisees and employees a huge pile of challenges. The dictatorial style of leadership should immediately changed to transformational style of leadership in order to regain the stable position of the organisation. The other challenges faced due to the dictatorial leadership is that the organisation CEO Meji in order to change the negative situation to a positive one has imposed the increased in labour costs up to 100% as the working hours of the employees was been increased (Goons and Gallos 2013). This certainly yields in speedy delivery to the customers and efficient working of the staffs but the franchises were facing great difficulty in clearing the wages of employees. The organisation imposed legislations on the working conditions of the employees. The other major problem faced by the organisation is the de-motivation of the employees. The workers working under the franchisees were not at happy. The unhappiness is due to the wages under payment and cutting the wages of workers in an illegal way. The de-motivation of employees can be described with the help of Maslow Hierarchy of needs. Once the workers have fulfilled their fundamental needs, which are nourishment, protect then they would ensure where their occupation is secured. In the event that they are guaranteed that their employments will not be lost and the organization needs where the social requirements are been met. This implies making new companions coexisting with partners and functioning as a group together, which will take care of the issue of deferred creating and conveying to the client. Cooperating to meet the objective speedier than anticipated and get motivations from the diligent work sent into the work through collaboration. At that point, they go for regard needs, which are acknowledgment, notoriety and consideration, any some more (Niemela and Kim 2014). At that point finally is self-completion where he or she needs more obligations and needs everybody to believe him or her. The safety of the employees were also not been guaranteed and the psychological requirements of the employees were also not been satisfied. The employees have to work in front of high temperature oven for long hours and they do not receive any break within their working hours. The minor problem consists of decision-making structure of the organisation. In Dominos CEO is responsible for taking any sort of decisions. This type of decision-making structure is obsolete in recent era. Organisation should follow the transformational decision-making structure as it will help in having good leadership styles and suitable decisions can be taken (Moriano et al. 2014). Another problem is with the reward system. The reward system needs more modification in order to motivate the employees for their job. Solutions to the challenges In light of the issues recognized as stated above, Domino's pizza requires for implementing mechanism to utilise circumstance at the organization. These issues must be solved if organization needs to stay in business market. While best techniques may be absent to take care of the issues at the Domino, management may need to execute the accompanying to conquer the difficulties talked about above. Poor conditions for working, for example, inordinate heat and additionally long hours of working can be comprehended by implementing more ventilation in workplaces in different chain stores with the goal that employees can get natural air and heating level is controlled (Flamholtz and Randle 2012). Technologies, for example, fan and indoor regulator might be introduced to enhance the condition. Long hours of working for the employees and therefore poor balance of work-life can be tackled by building up adaptable working frameworks where workers can work for total number of hours for a week or month and still get their compensation in light of the quantity of hours worked. The organization should provide motivating forces like incentives other than budgetary prizes to support the confidence of employees and increment their efficiency without making everybody in organization heat and make pizza including the CEO and other staff who might not have correct learning (Moynihan 2013). Competition can be fathomed by organization through different measures and limiting on creation costs whereas augmenting on all that bottom line. It can likewise be explained by distinguishing competitive advantage e.g. utilizing of advanced technology, staff training and enhancing the nature of pizza with the goal that clients would incline toward Domino's pizza rather than the pizza made by other firms in other organisation (Rossett 2012). Recommendations The circumstance of the organisation is not the same as there pizza chain stores goes on quality worsening with the consistency. In addition, accordingly, if not rescued, the business may very well fall (He, Zha and Li 2013). After analysing the case, there are various things, which the organization should start doing appropriately to maintain their notoriety and draw in client unwaveringness without lowering the costs of pizza, which they give. Leadership style of the organizational CEO or executive is utilizing appears to be out of extent, as there exists misguidance as well as staffs and employees misleading. The authority style of practice should be altered from dictatorial style to transformational leadership keeping in mind the end goal to changes the entire point of view of the organization (Long et al. 2014). There requires benchmarks and instructional courses for top management and workers to give the pith of organization mission and vision explanations and furthermore moral conduct. The organization ought to build up a solid corporate culture that must be conveyed down to the workers to alter their reasoning and keep them for long in the organization. Basic leadership in the organization ought not to rest upon the CEO alone and should be consulted and include different pioneers, for example, the practical leaders of the divisions in the chain stores. I additionally suggest audit of the income models and general organization destinations, which can be cascaded to singular labourers in every one of the stores. Reference List Flamholtz, E.G. and Randle, Y., 2012.Growing pains: Transitioning from an entrepreneurship to a professionally managed firm. NJ: John Wiley Sons. Gonos, J. and Gallo, P., 2013. Model for leadership style evaluation.Management: journal of contemporary management issues,18(2), pp.157-168. Hanks, S.H., 2015. The organization life cycle: Integrating content and process.Journal of Small Business Strategy,1(1), pp.1-12. He, W., Zha, S., and Li, L., 2013. Social media competitive analysis and text mining: A case study in the pizza industry. International Journal of Information Management, 33(3), 464-472. Long, C.S., Yusof, W.M.M., Kowang, T.O. and Heng, L.H., 2014. The impact of transformational leadership style on job satisfaction.World Applied Sciences Journal,29(1), pp.117-124. Moriano, J.A., Molero, F., Topa, G. and Mangin, J.P.L., 2014. The influence of transformational leadership and organizational identification on intrapreneurship.International Entrepreneurship and Management Journal,10(1), pp.103-119. Moynihan, D.P., 2013. Does public service motivation lead to budget maximization? Evidence from an experiment.International Public Management Journal,16(2), pp.179-196. Niemela, P. and Kim, S., 2014. Maslows Hierarchy of Needs. InEncyclopedia of Quality of Life and Well-Being Research(pp. 3843-3846). Springer Netherlands. Rossett, A., 2012.The ASTD e-learning handbook: Best practices, strategies, and case studies for an emerging field. Boston: McGraw-Hill Trade.
Tuesday, April 7, 2020
Assessing the Relative Health of a Family Business.
To assess a relative health of family business, scholars and other researchers who are interested in this issue employ various criteria. Some of the criteria used rest in the fields of corporate governance, family governance, business performance, philanthropy, social responsibility, ethics and environmental sustainability. This paper will discuss these commonly used criteria in assessing the health of family business, and relate two of them to Gopher IT, which is a family business.Advertising We will write a custom essay sample on Assessing the Relative Health of a Family Business. specifically for you for only $16.05 $11/page Learn More Criteria Used by Scholars and Others in the Assessment The first criterion, which can be used in assessing the health of family business, is the system of corporate governance present. As family businesses develop, the relationships between administrators, owners and workers become intricate (Ward 38). A sound corporate governance system establishes the right policies to handle this intricacy. It forms a firm organizational system that clarifies reporting lines, duties and designation of the tasks. Corporate governance detaches policy direction from the daily operation of the business, and distinguishes management from ownership. A healthy family business should have clear guidelines to choose the right family individual, in order to ascertain that management transition does not interrupt the development of the business (Aronoff 2). Prosperous family businesses emerge from years of commitment and effort. Successful family businesses pass on accumulated experience, knowledge, and skills to other family members (Davis 6). Besides, corporate governance helps in preserving family harmony. Members of a family may have disputes among themselves on the administration of the business. A firm governance structure assists in solving such disputes enabling family members to concentrate on other significant i ssues. In addition, a governance structure offers clear strategies for recruiting family or non-family members, and unbiased performance-oriented promotion is vital for the continuity of a family business (Mallin 76). Management of personnel and recruitment are key aspects in achieving the success of a family business in the long term. Lastly, corporate governance promotes open decision-making and processes that guarantee justice assessing and rewarding both non-family and family workers, in order to avoid anxiety and maintain the reputation of a company.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The second criterion, which can be used in attaining the health of a family business, is the family governance. Family governance includes the constitution, which stipulates employment and shareholding terms, as well as governance institutions (Rouvinez 56). Institutions of family governance aid in reinforcing family harmony and building strong relationships with its company. Family institutions augment the links of communication amid the family and its company, and also give chances for family members to discuss issues that can be linked to the family business, through letting members of the family gather under planned structures (Fishman 74; Rouvinez 56). These structured activities assist in enhancing understanding, and promote consensus among members of the family. Family members must be well-versed in the activities and intention of any institutions of family governance. Also, it is essential to ascertain that family members can differentiate the functions of such institutions and the governing units of the business, including the top management and the board of directors (Abouzaid 37). This may be realized through developing written processes for such institutions, and distributing them to all the members of the family. Some family governance institutions of a fam ily business might have include family councils, meetings and retreats. Family councils offer families a medium to settle issues and reflect on position of the business and family. All the members of the family may reconnect with each other, and family matters may be discussed logically instead of being left to aggravate into more serious matters. Family retreats may be performed from two to five days at a different place. They offer a neutral arena to talk about matters regarding the family and business. The third criterion is business performance. Healthy family businesses have a performance program, which assesses and reimburses workers on how well they accomplish their tasks without reference to family knots (Fishman 78). Moreover, healthy family businesses involve workers in this process. Workers should understand the review process and its significance. They also ought to complete a self-evaluation form in regard to their strengths, weaknesses and plans of professional growth for the following years. It is also vital for the company managers to discuss the future of the employees with them. Workers who are uncertain of their prospect may not deliver well. Managers of a healthy family business also discuss the roles that they should accomplish with all the nonfamily workers (Fishman 78).Advertising We will write a custom essay sample on Assessing the Relative Health of a Family Business. specifically for you for only $16.05 $11/page Learn More The fourth criterion is philanthropy. Philanthropy is a vital factor for families devoted to the business (Rouvinez 43). A healthy family business may offer meaningful employment for all the family members who are not part of its workforce. Also, it should uphold family values along generations. Charities that get established by commercial families represent a massive share of philanthropic benevolent around the globe. Family foundations also face operational and managerial choices rega rding how best to utilize their finances (Gersick 2). Some family businesses have established that in the present, intricate situation, affiliations with nongovernmental organizations or non-profits can uphold social objectives of the family. Such foundations exploit the knowledge and local existence of other institutions, especially if these are executing projects in new localities. That is why, to guarantee continual development and high performance, family foundations should merge expertise with passion and a firm assessment of its consequences. Assessment is vital as it enables the members to distribute resources efficiently. Family foundations must center their monitoring and assessment endeavors on learning and enhanced making of decisions. They should as well approach functions with the attitude of an investor reducing costs of operation and making sensible investments in planning, tactics, qualified staff, and assessment. The fifth criterion is social responsibility. Distrib uting wealth through social responsibility creates a reputation for the business (Poza 21). Money cannot assure a high social effect. Besides the monetary and operational challenges, which every charitable activity encounters, families have to handle the critical challenge of cultivating a consensus on the management of their charitable actions along the generations. Various family foundations have solved this concern through creating an open spending budget, which lets family members sponsor projects that they want. The others provide them with the chances to serve as board members or to directly contribute to charitable projects via volunteering plans and onsite visits. This system is extremely effective in ensuring the next generation gets involved in it early. The sixth criterion is wealth management. Families require strong competence for controlling their wealth outside the core holdings (Fishman 31). The wealth may exist as liquid assets, stakes in other firms or semi liquid assets. Successful wealth management assists in maintaining harmony through offering a source of money to the family together with liquidity events, and diversifying risks. For big fortunes, the most excellent solution is a wealth-management bureau serving an individual family.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More A bureau of wealth-management providing services to sets of distinct families can be an alternative when individual lacks for the scale to validate the expense of a single-family bureau. A family wealth-management bureau may offer several services, which raise the possibilities of success including rigorous criteria for divestment/investment and a high degree of professionalism. The final criterion is ownership. Upholding family management or control while increasing new capital for business and gratifying the cash requirements of the family is an equation that should be dealt with because it is a key source of disagreement, especially transferring power from generation to generation (Mallin 76). Lasting family businesses standardize matters regarding ownership, such as the way shares that may be sold outside and inside the family through shareholdersââ¬â¢ accords, which have been designed cautiously to last for over 15 years (Fishman 229). Most family businesses limit the sale o f shares in order to maintain control. Family members who want to sell their shares should offer the right of first negation to their siblings and, subsequently, to their cousins (Fishman 85). Besides, the holding usually re-buys shares from present family members. Policies of payout are typically long-lasting, in order not to de-capitalize the business. Since exit gets limited and dividends are relatively low, a number of family businesses have turned to generational liquidity dealings, to gratify the cash requirements of the family. These can assume the shape of tax of family shares to the workers or from publicly operated businesses in the investment with the earnings returning to the family. Assessment of Gopher IT Family Business The structure of Gopher IT corporate governance gets well documented in a strategic plan. It comprises policies and values of the business. It defines the roles of the key players of the family business (Sahlman 98). Employees are the in-laws, cousins and non family members who have finished school recently. However, the companyââ¬â¢s corporate governance system lacks for clear guidelines to make a choice of the right family individual in the line of succession. Therefore, conflicts always arise in regard to the successor of the wife and husband. Hence, management transition interrupts the development of the business. Also, corporate governance is not part of the familyââ¬â¢s culture. Gopher IT as a family business includes favoritism. Family members get employed regardless of whether they become qualified or not. There is no record that the managers have the right education to hold the managerial positions (Sahlman 98). There is also no record that managers have some experience in running the business. Consequently, the business lacks harmony as well as clear strategies for recruiting family or non-family members; thus performance-oriented promotion becomes biased. In such a case, the business does not have free decision-m aking and processes that guarantee justice in assessing and rewarding both non-family and family workers; these create anxiety in the company. Assessment of Gopher IT Family Business Family governance Gopher IT has a clear system of family governance. The business has a constitution, which stipulates employment and shareholding terms as well as governance institutions. The management of Gopher IT falls under family members, and there is also a board of directors. Membership in the board of directors is mostly reserved for the family members although it may also be given to the non-family members who can be trusted. Roles and duties are clear at Gopher IT. The owners hold more than one role in the business and have different positions as managers and directors. Laura Welch is the general manager who oversees the running of the company (Stempler 53). She handles all the purchases, opening and closing of the office every day. Jack Welch, her husband, is the Sales and Marketing Manager. He creates promotional activities, monitors sales and distributes all the marketing materials. Chris Welch, their son, is the Financial Manager. He is responsible for finance, payroll, accounting taxes, billing and matters related to budgets. The non-family managers are operations manager and human resources manager. The operations manager is in charge of daily operations. The human resources manager supervises employees, and his roles include hiring and firing of new applicants. There is a proper governance in Gopher IT to implant discipline and prevent the conflicts for the business to continue developing. The company communicates its vision, rules and regulations, decisions and ideas to all its members. However, Gopher IT lacks for family governance institutions, such as family councils, which offer a medium to settle issues and reflect on family projects. Consequently, it lacks a proper entry criterion, and family equality does not become practiced in family making business res olutions. In conclusion, after assessing Gopher IT family business, we realized that the company needs to improve its corporate governance. First, we realized that corporate governance is not a part of the familyââ¬â¢s culture. We, also, found out that although the companyââ¬â¢s corporate governance system has employment policies, it lacks for clear guidelines to choose the right family individual in line of succession. Again, Gopher IT, as a family business, includes favoritism. Family members become employed irrespective of their qualifications. The management is in the hands of family members. As for a board of directors, the membership there becomes reserved for the family members although it may also be given to the non-family members who can be trusted. The company shares its vision, rules and regulations, decisions and ideas with all its members. However, Gopher IT lacks family governance institutions, such as family councils, which could offer a medium to settle issues and reflect on family projects. We made these assessments using different criterions that get used, by scholars, to assess the relative health of family business. The first criterion, which we used, was the present system of corporate governance. Corporate governance detaches policy direction from the daily operation of the business, and distinguishes management from the ownership. Gopher IT lacked a sound corporate governance system, with the right policies to handle this intricacy. It lacked a firm organizational approach that clarifies reporting lines, duties and designation of the tasks. The second criterion that we considered was the family governance. The family governance includes the constitution, which stipulates employment and shareholding terms as well as governance institutions. We realized that Gopher IT lacked links of communication amid the family and its company. Therefore, it did not offer opportunities for its family members to discuss issues that became linked to the family or business through letting members of the family gather under planned structures. The third criterion that we used in this assessment was business performance. Gopher IT has a performance program, which assesses and reimburses workers on how well they accomplish their tasks regardless the family ties. Also, Gopher IT involves their workers in this process. The company ensures that workers get to understand the review process as well as its importance. Also, workers at Gopher IT complete a self-evaluation form mentioning all their strengths, weaknesses and plans of professional growth for the next year. The fourth criterion that we employed to assess Gopher IT was philanthropy. Gopher IT practiced philanthropy activities. Also, the company offers meaningful employment for the family members who are not part of its workforce. The fifth criterion that we used to assess Gopher IT was social responsibility. Gopher IT distributes wealth through social responsibility, which cr eates the reputation of the business. The company, also, can handle the critical challenge of cultivating a consensus on the management of their charitable actions along generations. The sixth criterion that we used to assess Gopher IT was wealth management. Gopher IT has strong competence in controlling the wealth of the company outside the core holdings. The wealth exists as liquid assets, stakes in other firms and semi liquid assets. Successful wealth management assists in maintaining harmony through offering a source of money to the family together with liquidity events and diversifying risk. The final criterion that we used to assess Gopher IT was ownership. Gopher IT Upholds family management, while increasing new capital for business and gratifying the cash requirements of the family. This ensures that disagreements do not occur, especially in transferring power along the generations. Hence, since Gopher IT meets most of these criteria of measurements, we can say it is a succ essful family business. Works Cited Abouzaid, Sanaa. IFC Family Business Governance Handbook. Washington DC: International Finance Corporation, 2008. The Business in Society Gateway. Web. Aronoff, Craig. Family business Succession: The Final Test of Greatness. Marietta, GA: Family Enterprise Publishers, 2003.Print. Davis, John. ââ¬Å"The Family Business.â⬠Harvard business Review 19.20 (2001): 6. Print. Fishman, Allen. 9 Elements of Family Business Success: a Proven Formula for Improving Leadership Relationships in Family Businesses. New York: McGraw-Hill, 2009. Print. Gersick, Kelin. Generations of Giving: Leadership and Continuity in Family Foundations. Lanham: Lexington Books, 2004. Print. Mallin, Chris. Corporate Governance. New York: Oxford University Press, 2007. Print. Rouvinez, Denise. Family Business: Key Issues. New York: Palgrave Macmillan, 2005. Print. Sahlman, Wiiliam. ââ¬Å"How to Sustain a Family Business.â⬠Harvard Business Review 4.75(1997): 98-108. Pri nt. Stempler, Gerald. A Study of Succession in Family Owned Businesses. Thailand: University Microfilms International, 1988. Print. Ward, John L. ââ¬Å"Governing Family Businesses.â⬠Economic Perspectives 10.1 (2005): 38-42. Web. This essay on Assessing the Relative Health of a Family Business. was written and submitted by user Eden Kerr to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Monday, March 9, 2020
The Maltese Falcoln essays
The Maltese Falcoln essays The Maltese Falcon starts out with Sam Spade, a private detective in San Francisco in the late nineteen twenties, sitting at his desk in his office when a Miss Wonderly came in. She said she was from New York looking for her sister who possibly got kid napped and who is probably in the San Francisco area. Miss Wonderly said she met a man named Thursby at a parcel office who suppostedly had her sister. While Miss Wonderly was telling the story, Spades partner Miles Archer came in. Miss Wonderly said she had a meeting the man that night and that she wanted one of them to tail him afterwards to fine her sister. Spade asked if she could describe the man, and she did, a little too well Spade thought. Miss Wonderly offered two hundred dollars for the job and Archer quickly grabbed a hundred and said he would do it. After Miss Wonderly left, Spade told Archer to watch his back. That night, while Spade was sleeping, he received a phone call. It was the police telling him that Archer was murdered. Spade got up, made and lit a cigarette, and went to the scene. Spade got there and got the facts. Archer was found in an alley, probably shot at close range, with a British-made Webley revolver. Spade observed how Archers gun was in his holster and that his jacket was still buttoned. Spade phoned his secretary, Effie, and asked her to call Iva, his partner's wife, to break the bad news. Then he returned to his apartment. Spade sat awake drinking and smoking and thinking about his partners murder when the police knocked on his door. The cops informed Spade that Thursby had been shot. The cops wanted to milk Spade for information on this job Archer was doing and who it was for. Spade gave the police no information, and the police left irritated. The next morning Iva was in the office waiting for Spade. When Spade came in, Iva jumped to him and started kissing him. Spade told her that it wasnt a good idea for them too to ...
Friday, February 21, 2020
D&I Essay Example | Topics and Well Written Essays - 1250 words
D&I - Essay Example In communicating the vision for D&I, the post stressed that collaborative relationship should be fostered, and that the vision should be operationalized throughout the organization as a means of communicating the firmââ¬â¢s D&I policies. What is meant by ââ¬Å"collaborativeâ⬠relationship is, however, unclear as it relates specifically to D&I. Collaboration should be more explicitly fleshed out as to the parties, the activities, and the manner by which it is operationalized. ââ¬Å"Collaborative relationshipâ⬠could apply to all policies and initiatives of management, thus how it particularly advances D&I should be more thoroughly elaborated. The quotation from Anderson & Harris (2010) is well-taken, however, and would have been a good springboard for further discussion. Finally, the identified barriers to effective D&I implementation principally redound to resistance to change, which is a valid argument. However, the change sought to be implemented by D&I is more of a long-term transformation (Koch, McMillan & Peper, 2011). Response to the post of Student 2: John Kolojaco The post makes a salient point about the adoption of diversity practices as part of business norm, which this reviewer takes to mean the institutionalization of practices and behaviours which encourage tolerance of individual differences within the organization. The quotation by Rink and Ellemers (2008), however, is slightly misplaced as it assumes the acceptance of diversity among groups as a prerequisite to the adoption of more tolerant practices, not the other way around. That being said, the mentioned articulation of policies and a ââ¬Å"living mission statementâ⬠are excellent but tentative first steps which must be followed by concrete action to ascertain effective leadership towards D&I. The answer to the second question (i.e., ââ¬Å"making sure efforts expressed externally apply internallyâ⬠) infers ââ¬â validly, it appears ââ¬â that most D&I efforts are ineffective because they result from a failure to internally apply what is externally promoted by the company. The implication is that so-called D&I corporate advocacies are used mostly as marketing slogans or catchphrases, to project a favorable image of the company that may engender stronger sales and greater profits. The principal issue therefore is the lack of credibility on the part of management as a result of the lack of transparency in its decisions and actions, which strains all facets of the managementââ¬â¢s relations with its stakeholders (Tapscott & Ticoll, 2003). Johnââ¬â¢s sharing of his personal experience is well appreciated, and effectively delivers a first-hand justification of the contention that discrimination need not be ethnic, gender-based, racial, or one of the other attributes associated with D&I. Any perceived personal difference that sets an individual apart from the group (in this case, a difference in educational attainment) has the potential f or discriminatory acts ââ¬â a very perceptive observation from John. Response to the post of Student 3: Soosai Xavier The post makes an excellent case for the ââ¬Å"obligation, responsibility and accountabilityâ⬠of middle managers to ensure the effectiveness of what is initiated at the CEO level (i.e., corporate commitment to D&I) at the lower levels. Dovetailed with the earlier
Wednesday, February 5, 2020
The influence of risk attraction and risk aversion in the adoption and Thesis
The influence of risk attraction and risk aversion in the adoption and diffusion of the extreme sports - Thesis Example As contemporary society has become preoccupied with safety and certainty, risk has steadily become a sinister phenomenon. Society has become quite obsessed with reducing risk and uncertainty that activities not directly approved by the mainstream society are immediately considered disagreeable. This essay discusses the influence of risk attraction and risk aversion in the adoption and diffusion in extreme sports. In sport, risk refers to the likelihood of actual, physical danger. In extreme sports like big wave surfing, snowboarding, and base jumping this has been assumed to indicate extremely high levels of risk, an extremely high possibility that something bad will happen, and a significant possibility of death (Kerr, 2005). Hence involvement in extreme sports has been deemed undesirable and deviant. Reasons for engagement in extreme sports are most frequently associated with the idea of ââ¬Ëadrenaline rushââ¬â¢ or a craving to take socially undesirable and pathological risks (Cecile & Laurendeau, 2010). The hypothesis is that risk functions as a driving force for partakers with little talent but a frantic desire to hook up with the image of prestige related to extreme sports. In a culture where in taking needless risks is generally viewed as wild, irresponsible, ridiculous, and irrational, there appears to be something of a pattern toward the growing recognition of risk and uncertainty in leisure activities. In sport, there is substantial proof that risk taking is integral to numerous sporting activities. The concept of edgework by Lyng (1990) views intentional risk taking as testing the limitations of oneââ¬â¢s capacity while sustaining sufficient control to effectively balance the limit between uncertainty and certainty. In the literature on the reason for this edgework tendency, the sensation-seeking attribute, described as the ââ¬Å"seeking of varied, novel, complex, and intense experiencesâ⬠(Cecile & Laurendeau, 2010, p. 129), has been e xtensively studied. Many outdoor activities have been reported to draw people who have high levels of sensation seeking attributes. The tendency to seek excitement, adventure, and arousal may accurately shed light on why individuals with high levels of sensation seeking attributes take part in extreme sports. Risk Attraction and Risk Aversion in Extreme Sports Several theorists argue that risky activities provide an escape from a society that is ever more ââ¬Ëconstricted by comfortââ¬â¢ and risk-averse (Moran, 2004, p. 60). This assumption states that some individuals feel too much pampered by the materialistic conveniences of modern society and thus look for exciting, risky activities in an attempt to break out of too much comfort. As contemporary life ââ¬Å"is now tame and increasingly controlledâ⬠(Moran, 2004, p. 60), some individuals seek risk in outdoor activities. Hence, the need to take risks may signify an intentional reaction against the ordinary and risk-avers e daily living. Even though this theory is exploratory, it appears likely that estranged individuals may experience a stronger sense of awareness when they are in the verge of death or serious injury (Pain & Pain, 2005). In fact, Schrader and Wann (1999 as cited in Moran, 2004, p. 62) claimed that one way of attaining a semblance of power over oneââ¬â¢s life is by facing death through participation in risky activities. Another
Tuesday, January 28, 2020
A Midsummer Nightââ¬â¢s Dream
A Midsummer Nightââ¬â¢s Dream The play A Midsummer Nightââ¬â¢s Dream by Williams Shakespeare contains two distinctly different subplots within the lager structure of itself, which can be considered as a remarkable characteristic of the dramatic construction in general and of Shakespeareââ¬â¢s play in particular. Although Shakespeare borrows the themes, characters and stories from the history of the ancient Greece and Greek mythology, the play-within-a-play structure shows his creations and his own work. The play-within-a-play structure serves the function of recapping many important themes of A Midsummer Nightââ¬â¢s Dream and allows Shakespeare to comment on the nature of art as well as criticize the acting of amateurs who perform and play on the stage yet do not understand what they actually do. The first play-within-a-play is a performance of Pyramus and Thisbe played by the laborers. It is similar to the main play in many aspects including commons in the story of the Athenian lovers and some of the overall themes. Pyramus and Thisbe face parental disapproval in the subplot just like the couple Lysander and Hermia do in the main plot. Despite its dramatic premise, the craftsmen play the love story of Pyramus and Thisbe in such a comical way that parodies the melodramatic Athenian lovers and gives the play a very joyful and comical ending. The role played by the darkness of night creates another similarity as it causes the romantic confusion in both plays. Pyramus, in the dark of the night, mistakenly believes that Thisbe has been killed by the lion when he sees her bloody mantle; he, thus, commits suicide because of this misinterpretation. Likewise, the mix-ups and meddling of the love fairy Puck cause the Athenian lovers face a miserable situation, which also happens at ni ght in the wood. Though the performance of the craftsmen makes the Athenian loversââ¬â¢ story which involves strong emotions become comical and hilarious, the sub play serves as symbol for the larger play itself. It is explained while the lovers and Theseus and Hippolyta are mocking the ridiculous performance of the laborers, the audiences watching the lovers watch the craftsmenââ¬â¢s play are concurrently aware of the loversââ¬â¢ own absurdity. Moreover, the play-within-a-play of the craftsmen suggests the strict requirements and the limit of the theatre. The workmen establish a very unlikely dramatic troupe. All of these characters appear comical because of their superficial characteristics and personal traits. They bumble, mispronounce words, and play the part of the fools. These untutored craftsmen are worried about their new dramatic roles for Pyramus, Thisbe, a wall, a lion, and a moon since none of them has had a previous acting experience. In spite of their preoccupation, the leader of the troupe Quince fails to help the actors correct their pronunciation and master important techniques for dramatic performance. During the rehearsal time, instead, he only tries to match the actors in hope that they will play out. On one hand, the play-within-a-play is offered as a comic interlude to display Shakespeareââ¬â¢s creativity. One the other hand, the sub play helps the audiences understand some of the overall themes in t he main play. That is, the play does not clearly explain how the craftsmen come together and how or by whom they are selected to be worthy to play. These characters and the sub play they perform exist to raise questions about the fitness for acting a certain role in a play. The issue of whom is worthy to putting on a play is also one of the concerns in the play A Midsummer Nightââ¬â¢s Dream. Another aspect of this issue comprising who is responsible for bringing a play to the audiences or what thoughts and actions are proper in order to bring a play to stage should be also concerned. The conversations among the craftsmen-actors in which they argue whether they can bring an actual wall to stage and conclude that it is impossible to carry out demonstrate this point. Another play which can be considered as a second play-within-a-play is written by the Oberon, the King of all fairies. He creates a play in which the mortals are the performers. Marriage and reconciliation are the means for resolving all conflicts. In Oberonââ¬â¢s play, Helena gets her love, Lysander and Hermia stays together, and Titania has a lesson of obedience. As the workmen turn the tragic drama of the Athenian lovers into a comic farce by their awful performance, Oberon does the same when his fairy Puck accidentally put the love potion on eyes of the wrong Athenian man. This mistake causes the Athenian lovers experience an intensive misery, which also creates a comical situation. Similar to the first play-within-a-play, the second serves an important role to signify the larger play. In ââ¬Å"What hempen home-spuns have we swaggââ¬â¢ring here?â⬠Amateur Actors in A Midsummer Nightââ¬â¢s Dream and Coventry Civic Play and Pageants, Clifford Davidson discusses the play-within-a-play structure and its purpose. He indicates that the play-within-a-play raises questions of imagination and stage reality (Davidson 87). Also, the author argues that Shakespeare uses this structure to parody the older dramatic styles of the public theaters fashionable when they tended to use the bombastic language and clumsily use the mythological subjects in their performance (Davidson 88). Above that, Davidson points out a very important issue that Shakespeare makes a comparison between the inadequate of the acting amateurs and the highly professional work conducted by his own company through the parody with the acting of the craftsmen in the subplot (88). According to the author, however, Shakespeare seems to have a negative view on the play and the players in many provincial cities and towns, which probably can cause severe misrepresentation about the quality of the amateur actors or companies (96). Davidson explains that by saying that ââ¬Å"for the spectacles that cities like Coventry were able to mount were surely not so rough and ââ¬Å"amateurishâ⬠as we might imagineâ⬠or ââ¬Å"the quality of the production were surely much, much higher that Shakespeareââ¬â¢s play-within-a-play in A Midsummer Nightââ¬â¢ Dream would seem to suggestâ⬠(96). The play-within-a-play is analyzed studied from a different point of view in the article The Act of Change in A Midsummer Nightââ¬â¢s Dream. Alan Bellringer explores the art of acting which he claims is ââ¬Å"a valid part of the art of livingâ⬠and its importance (213). He asserts that ââ¬Å"the sub plot about the Athenian workmenââ¬â¢s underserved success in the amateur dramatic competition is thematically relevant and supportiveâ⬠(Bellringer 213). On the other hand, the author sees acting and plays as a mean for normal, simple and blundering people like the character Bottom to ââ¬Å"escape from their stereotyped tradesmenââ¬â¢s personalities through their imaginative art of drama, the world of ââ¬Ëshadowsââ¬â¢Ã¢â¬ . Through the play and acting, these craftsmen-actors can ââ¬Å"briefly change their status in lifeâ⬠and ââ¬Å"find fulfillment in their new-found importance as actorsâ⬠. Regardless of ââ¬Å"a mere matter of talented extroverti smâ⬠, Bellringer compliments the performance of the craftsmen for their contribution to the success of the play even though it is intended as a ridiculous performance used to satirize the dramatic play of Pyramus and Thisbe and turn it into a comical play (215). He stresses the dynamism as the essential quality of this comedy and states that the purpose of play-within-a-play is about the ââ¬Å"use of changeâ⬠or the ââ¬Å"amendment of lifeâ⬠(Bellringer 217). The play-within-a-play structure recaps the principles themes and ideas of A Midsummer Nightââ¬â¢s Dream and has a significant contribution as a representation of the main play. The similarities in the sub play clarify the overall scheme. It also serves as a tool for Shakespeareââ¬â¢s creative work and a mean for the audiences to distinguish between the fiction and reality and realize the nature of art in theatre. Works Cited Bellringer, ââ¬Å"The Act of Change in a Midsummer Nightââ¬â¢s Dreamâ⬠. English Studies 64.3 (1983): 201-17. International Bibliography of Theatre Dance. Wed. 10 Apr. 2014. Davidson, Clifford. ââ¬Å"â⬠What hempen home-spuns have we swaggââ¬â¢ring here?â⬠Amateur Actors in a Midsummer Nightââ¬â¢s Dream and the Coventry Civic Plays and Pageantsâ⬠. Shakespeare Studies 19 (1987): 87-96. International Bibliography of Theatre Dance. Wed. 10 Apr. 2014.
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