Traits Theory Focuses On Personal Qualities And Characteristics Management Essay

Traits Theory Focuses On Personal Qualities And Characteristics Management Essay Leadership is the process of influencing others to engage in work behavior that would lead to the achievement of goals. A successful leader must provide direction and leadership to motivate his employees to accomplish essential tasks within the required time frame. Manager has to set effective policies and formulate strategies to improve firms overall performance and effectiveness. One of the theories in function of leading is Traits Theory. Traits Theory focuses on personal qualities and characteristics. Traits that are important for leadership success are self-confidence, honesty and integrity, full of ambition, flexibility and motivation. Another theory in leading function is Fiedlers Contingency Theory. Fiedlers Contingency Theory states that a firm needs to examine the work situation and seek a manager whose style is suitable for that situation. The three factors that will influence the effectiveness of leadership are leaders position power, structure of teams task, and the quality of the leader-member interpersonal relationships. Other theory in the leading function is Behavioral Theory. Behavioral theory focuses on how leaders behave when working with employees. There have two types of leadership styles which are task oriented managers and employee oriented managers. Based on Michigan Studies on leadership behavior, task oriented leader is a leader who pay close attention to an employees job and work procedures involved with that job. While employee oriented manager is leader who develops cohesive work groups and ensure employee satisfaction. Motivation is an organizations life-blood. Thus, an effective manager must have the skills of motivation. According to the Maslows Hierarchy of Needs, the manager motivate the employees by providing physiological needs for survival, safety needs, belonging needs, esteem needs, and self-actualization. A manager must have the ability of discover the employees talents and place the potential employees in the best fit position in an organization. Misplacements can cause a company substantial financial loss due to turnover, lawsuits, and loss of customers. Manager must communicate the vision with employees and invite employees to give feedback. Managers can win over employees loyalty, showing care, listening to them. Herzbergs theory categorized motivation into two factors: motivators and hygiene. Motivator factors are related with achievement, recognition, and produce job satisfaction. Hygiene factors are referring to pay, job security, and produce job dissatisfaction when hygiene needs not met. Money is a primary motivator. Special achievement incentive rewards, spot bonuses, and cash-equivalent rewards all play a role in the economic reward package. Autonomy is crucial to achieving a sense of self-worth. Autonomy strongly influences the decision of individuals to join and stay with an organization. Mr. R. Bala Krishnan Nair is the general manager of Showa Rubber Chemical Industry Incorporate. Mr. R. Bala Krishnan Nair say that the things that motivated him the most is getting the management trust, recognition and praise when achieving goals, objectives and targets sales. Issue of challenges by management and recognition through awards and incentives could also motivate him to work. Furthermore, Mr. R. Bala Krishnan Nair gives constant guidance and encourages his subordinates to talk in the meeting and training sessions. A manager has to being reasonable and accepting some useful ideas that expressed by the subordinates. He will also praise and give incentive rewards for the employees who have achieved high performance in their job. It is an important ways to rewards or recognises employees whose suggestions help improve the operation of company. Mr. R. Bala Krishnan Nair always attends companys social meetings, such as having dinners or lunch with subordinates and some other op en discussions which are better for interactions and ice- breaking. The challenges that he faces when leading his employees is he felt it is difficult to gaining respect from all the subordinates and superiors. This is because he is unable to remember all the name of his companys staff and greets to them. A manager who fails to greet employees or respond to greetings will lead to a high degree of de-motivation and disloyalty. He always feels that he is lack of knowledge of job. So, he always explores his capacity to learn something new. Moreover, another leading challenge that Mr. R. Bala Krishnan Nair faces is he has to performed strong character, leadership qualities and interpersonal skills when giving a public speaking and presentation. It is very important for a manager to made decision and judgements after analyse the idea suggested by his subordinates. This is because any misjudgement could be cause the company bankruptcy. When a decision is needed, Mr. R. Bala Krishnan Nair does not just fall into single preferred style, such as using employee oriented style. In practice, things are not that simple. Mr. R. Bala Krishnan Nair has access the Behavioural Theory in his company. He is highly emphasising the interpersonal relationship with the employees. This practice is very similar to the concept of Behavioural Theory. He always encourages his subordinates to express their own idea through meeting and he also promise rewards for the employees who has good performance. There have a number of issues that make this style difficult. The one of the problem that comes with this kind of leadership is that he is hardly to get to know the follower because he feel he do not has the time to do so. It is not such easy. But I can say is having the employee-oriented leadership will surely increase the group productivity and employees job satisfaction. Furthermore, Mr. R. Bala Krishnan Nair has access the concept of Maslows Hierarchy of Needs in his company. He has the ability to realize the employees talents and place the potential employees in the right position. He always communicates with employees about the vision, company goals, market, industry and business information and future plan, and invites employees to give feedback. This is because he knows that as a smart company will actively and continuously solicit feedback from our internal customers like employees to find out how well our company is meeting their needs. As we see it, active, risky, self-conscious, and committed learning is required in order to become the leaders demanded by todays complex and crisis-oriented environment.

Financial Prospectus Content Paper Essay

A concrete organization has capability to become a big vendor to a lot of construction organizations. In this report you will see an account of the project of starting up a concrete organization, the development concept, the controlling methods, and what reports will be important to keeping an effective company. To achieve success a new company must be sure to stay up with all of the rivalry that’s coming up. Description of Venture The intention is to open up a concrete organization having 15 workers and 10 vehicles. The land area which we plan to purchase is around 5 acres of land. The factory that’s being bought will be a complete factory which was developed from the earlier proprietors who operated exactly the same kind of company. Presently there aren’t civil ventures which are being built in the targeted region; however the residential area keeps growing. The residential area will eventually raise the organization and will assist to start the $2,500,000 required to launch the company. One of the greatest rivals will be Super Mix of Wisconsin that is a big concrete organization which has continued to expand during the last 7 years. Super Mix of Wisconsin has demonstrated other concrete shareholders that it’s easy to begin small as we will be doing due to a shortage of investment and continue to expand into a big organization opening a variety of factory areas. To get over the fiscal requirements to launch the company, the financial institution has consented to lend us $1,086,742.30 to start up the factory at a 5.50% rate of interest for the following 5 years. It has additionally been agreed to fund all of the trucks that has been authorized for $310,000  having a 6.15% rate of interest for 5 years. Development Concept The market provides extensive possibility to concrete organizations to develop and to grow into big effective companies. Super Mix of Wisconsin is just about the ruler of the industry expanding to have 2 factories, a gravel pit, and 52 vehicles. This organization has expanded to achieve success during the last 7 years, however due to the economic climate has carried a 20% loss with the market fall. With the downturn, the price of the material has risen regularly which makes it difficult to earn profits. After this information from the downturn effect, this is the growth in economy witnessed, that we think boost the construction work for residential and commercial work. This increase in the construction would let us seize the biggest share of the market in a competitive industry. There are lots of small concrete producers working in exactly the same market while Super Mix of Wisconsin also joined exactly the same small concrete producers market with 2 factories and 52 vehicles and trying hard to grab the market share once again for the recoveries lost during the last downturn. There’s already a competitive market, therefore we need to contest with all of them to seize a great share of the market and also to have a successful company later on. Management Biographies In the beginning we made a decision to start the company with 15 workers composed of 10 truck drivers and remainder of the supportive workers, details are as below. 1.General Manager We hired a general manager who is a certified graduate from a regional university and experts in company administration, earlier worked for the similar concrete production field for 6 years and have got the capability to act as leader overseeing all of the functions even in the absence of a  proprietor. My partner and I will also be keeping track of the general manager responsibilities and assisting in all means to operate the organization correctly. 2.Quality Controller We employed a quality controller that has been employed in exactly the same plant for 7 years and has good abilities to look at the caliber of concrete manufactured and the experience to deal with and fix the malfunctioning problems if happened during manufacturing by his experienced suggestions. 3.Sales Manager Presently, a sales administrator that has the capability to sell the civil constructions product in the local market and has got a reliable selling blocks with our rival. He consented to work with us since we offered him much more of an amount of compensation. Moreover, he has a great individual relation in the market therefore the sale of our organization is going to be steady to satisfy the budgeted sales jobs because of the sales manager. 4.Administration Manager An earlier worker that worked for the old proprietors has been hired to work for our organization. He has his master’s degree from a fine respectable university and has been controlling all of the operations of this factory for several years. He has excellent social and administration skills to keep the decorum among workers. Competitive Product or Service Statement Concrete and gravel are the basically required items to construct anything from residential to commercial ventures. We are starting this company on a small basis despite the fact that, there are practically 10 to 12 concrete producers providing their goods for consumers’ fulfillment in the same targeted market. A few of the large producers also developing an excellent  share of the market whereas the remainder of the share of the market is also distributed among small producers. There are 3 organizations within the location which will be competing with the existing organization. Presently there are 2 of them which are inside 10 miles and also the other one is roughly 20 minutes away. We need to strive and apply the best suitable consumer’s effective advertisement marketing ways to seize the market share and compete with the competitors. In marketing promotions we would also offer the reductions or purchase and get free offers for preliminary attention of shoppers and having the presence in market. The advertising campaign would assist to make consideration for users and rivals and the presence of our organization in the same market. We would try our best to triumph the competition among all the rivals in a short time. Moreover, to generate the income, that will help to repay the installments of the banks against the rents we made against the land and vehicles and the required expenditures of the company operations just like wages of workers, maintenance of factory, vehicles, along with other operations. In the mean time Super Mix of Wisconsin is attempting hard to restore the position back in the market; however we need to compete it first. The marketplace is restricted however sellers are struggling to obtain good market shares. Our marketing plan will be more effective for the users mind. We have a very good sales manager that has excellent interaction skills and connection with clients to increase the quantity of sales to operate our company. We would further help our clients with gift hampers and purchase to receive totally free schemes and extra consultancy service to every worker through an expert advisor. Discount offers according to market rates and the special package for purchasing more quantity of concrete certainly would enhance sales and eventually the profits. Market capabilities of the company will enhance 5  times high to contest with all of those other sellers in the market of same services and products. The accounting services of the company will be followed up by me and other partner. The very best people who will be marketed to while selling concrete to all the regional clients. Clients who have been in the region for a lot of years will desire to continue with the organization they think at ease with, but that’s what sales have to be marketed and proved to the most. Construction and Preopening Budget We require $2,500,000 to start this plan of action. We can’t contest with our largest rival meanwhile because of lack of investment. To get over the preopening fiscal requirements, the bank is assigning us the funding facility against the factory of $1,086,742.30 having a 5.50% rate of interest for next 5 years. Moreover, we made a decision to fund all 10 vehicles to satisfy the fiscal requirements which are approved for $310,000 having a 6.15% rate of interest for 5 years. By getting the above mentioned financial loans, we would have the ability to satisfy the starting of the company. The funding against the vehicles is so low because of the old type of dumpers while the remaining 8 vehicles funded against just $240,000. The repayment of the loan that we lent against the area of operation for the company is $20,758.04 per month and $6,014.81 per month for repayment of financial loan, which withdrew against vehicles funding. We have to strive to earn a minimum of the financial institution repayments as well as for making payment on essential expenditures of operations just like wages of workers, buying of raw material, fuel, and repair of factory and vehicles in addition to earn income. By confronting the rivalry of existing sellers in a big volume, we would also require income to satisfy the fiscal expenditures. We have thought about these expenses too when planning the plans for discount offers for capturing  the market shares we have to spend the money for monthly expenditures. Plant Rate Payment $1,086,742.30 5.50% $20,758.04 Trucks Rate Payment $310,000 6.15% $6,014.81 Operating Pro-Forma We approximated through research on this industry and earning of this sector that the income from the sales would be 45.6% as well as the price of cement along with other related production materials would be 17.71%, which would provide nearly 27.89% gross profit on sales. The income from the sales would be the amount left for profit after the sales along with other expenditures. The wages of the 15 workers will be between $48,000 annually to $92,500 annually. The 8 truck drivers would work against the per hour rate of $17.98 to $25.68 and on the other hand the bulker and dumper driver would be paid depending on the tonnage and distances of each load. We approximated that the Return on Investment would be approximately 35% after paying all the loans installments, wear and tear, and medical care insurance of workers as well as their loved ones, along with other expenses. The increase in construction business would enhance eventually the appeal for partners. The income will easily repay all of the financial loans over the following 5 years, which would be most suitable to earn capital. The  initial investment might be paid by fully repaying the financial loans of banks as well as the remainder of the cash would be considered income after paying all other operating expenditures. This is also shown that after passing the past downturn, the construction throughout the country as well as in this area would reinforce our company as well as the whole industry. Therefore I think this is the ideal time to start this plan of action as soon as possible because of the start of the construction work once again as well as the economy is on an growth phase where joblessness and inflation is often recovering. Samples of Financial Statements to be Incorporated We will use the below mentioned reports of fund to work clear and thoroughly, that shows each dealing of operation conspicuously. The Stock report reveals the balances of cement along with other substances. The quantity of finished products as well as the raw material, the dealings in this account, indicates, the inward, and outward in this type of product would be clearly described with a date, delivery challan number, as well as dealing number. The ledger maintenance for borrowers and lenders will be maintenance of ledger that unveils the outstanding balances and dealings with borrowers and lenders with the note, document number, and date. It would control the gapless system for payments and recoveries. The income report is a universal report which demonstrates the earning of the company, where the revenue deducts from the cost of sales to have the gross profit, consequently the admin and operational costs also less to show the net income. After withdrawing the taxes and interests on financial loans, the precise profitability is known. The balance sheet is a report shown about the fiscal value of the company by demonstrating the total assets, bifurcating with existing and fix in one side while the debts and shares of partners on other side and lastly both sides equalize with each other. In the concrete business there isn’t a particular thing to inform exactly  what the return on investments is going to be. It depends upon the quantity of concrete which is being sold. The 2 actual shareholders will be myself as well as partner together with the financial institution in order to assist me fund the factories. There will be expenses involved for example concrete pricing and operating expenditures. In the concrete organization it has been observed many do not begin to make money for a minimum of 2 years and that’s going to be depended on the economic climate. The banking institutions will have to explore the suggestion to demonstrate them that there’s certainly intention to begin earning money; however it might not be for the first couple of years. My partner as well as I will also put our own belongings up for security so that the financial institution may use that against the loans. There are numerous different factors to bear in mind while opening up a concrete organization. The one thing to remember is that there’s rivalry in this sector and it is not necessarily easy to keep up with the rivals, however every small attempt might have the possibility to be big. To begin a small concrete organization there will have to be sufficient trucks to service the client requirements along with a factory that’s always completely operating. With everybody in the organization having the same mentality for the organization to develop several solid as well as effective ideas may be put into place.

Antisocial Personality Disorder ( Walsh Wu - 2983 Words

Antisocial Personality Disorder Imagine this, Jerry Smith, is considered to be the â€Å"bad kid† in high school with an extensive juvenile record. He steals from other students and lies about it. He is irritable and picks fights daily. Jerry gets bad grades, and it appears that he does not care. As an adult, he is a con artist and cannot seem to hold a decent job due to his impulsivity. Jerry thinks that life is not fair. According to the research, individuals who possess these antisocial behaviors during childhood commit most crimes in adulthood (Walsh Wu, 2008). Therefore, understanding personality traits that may lead to criminal behavior is of great interest. It appears that individuals who possess these personality traits function, as criminals in our society, of these, the antisocial personality, or the related term â€Å"psychopath or sociopath,† is one specific psychological syndrome. Development of Psychopath/sociopath Terminology Outside of a psychological perspective, the term antisocial personality is not recognized (Walsh Wu, 2008). The most common term to describe these behaviors is known as â€Å"psychopath.† Despite the similarities between the two terms, research suggests that they are distinct constructs from an empirical point of view. Most cases of psychopathy are diagnosed within prison or other forensic settings and will meet the DSM-5 criteria for Antisocial Personality Disorder (APD), whereas only 15-25% of the cases of APD will meet criteriaShow MoreRelatedThe National Violence Against Women2318 Words   |  10 Pagesbreak (Nelson, Adrine, Alpert, Buel, 2005). Antisocial Behavior Theory Many previous studies examined the link between physical abuse and IPV perpetration, such as family roles perspective vs. antisocial behavior trait perspective (Fang Corso, 2008). Not much has been done to examine the mechanisms linking other forms of child maltreatment (neglect and sexual abuse) and IPV perpetration (Fang Corso, 2008). There has been work tested on the antisocial behavior trait perspective vs. family rolesRead MoreA Review of Coping Skills for Early Sexual Abuse Victims8961 Words   |  36 Pagescoping competence theory will assess a child’s ability to cope with sexual abuse. According to the theory, children cope with challenges in prosocial, antisocial, or asocial ways. When using a prosocial response, children will constructively work to overcome sexual abuse by relying on their own resources or asking for help. When using an antisocial response, children will attempt to cope with sexual abuse in an aggressive or destructive manner which may result i n negative outcomes. When using anRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pages0-13-283487-1 ISBN 13: 978-0-13-283487-2 Brief Contents Preface xxii 1 2 Introduction 1 What Is Organizational Behavior? 3 The Individual 2 3 4 5 6 7 8 Diversity in Organizations 39 Attitudes and Job Satisfaction 69 Emotions and Moods 97 Personality and Values 131 Perception and Individual Decision Making 165 Motivation Concepts 201 Motivation: From Concepts to Applications 239 3 The Group 9 10 11 12 13 14 15 Foundations of Group Behavior 271 Understanding Work Teams 307 Communication

Hr Issues Of Age Discrimination And Sexual Harassment

HR Issues of Age Discrimination and Sexual Harassment The Human Resource Department is an important branch of a company. The human resources department takes care of many essential functions of a business. According to the article, â€Å"Key Functions of an HR Department†, the human resource department is instrumental in providing labor law compliance, record keeping, hiring and training, compensation, relational assistance and help with handling specific performance issues (Mooney, L., 2011). Although, there are many HR issues, age discrimination and sexual harassment are among some of the many issues of the human resource department. Age Discrimination Age discrimination is a concern in the workplace. One of the†¦show more content†¦The jury found that IBM â€Å"knew or showed reckless disregard for whether its termination of the employee constituted age discrimination† (Schaefer, L., 2017). Furthermore, IBM’s human resource department did not properly protect this 61-year-old employee. According to this article, after this employee complained that he was being discriminated against because of his age, an IBM human resource manager directed an examination into this grievance. Upon the completion of this investigation, the HR manager found the employee was properly treated and was not discriminated against (Schaefer, L., 2017). However, the judge noted in this case that he thought â€Å"the purpose of the HR investigation was more to exonerate IBM than to determine if the employee was treated fairly (Schaefer, L., 2017). So, this is an example of the human resource department not prope rly doing their job of taking care of the company’s employees and ensuring the company follows legal laws. An important role of the HR is to manage employee situations. Upon the employee’s complaint, this IBM HR manager did not properly ensure that that the company was operating in compliance with the age discrimination law. If the IBM investigation was properly looked into then the HR manager would have mediated the situation and ensured the 61 year old employee was fairly treated. According to the article, â€Å"Key Functions of an HR Department†,Show MoreRelatedBam 411 Human Resource Management Unit 1 Examination801 Words   |  4 PagesManagers †¢ Training specialists †¢ Corporate teachers †¢ Job analysts 2. ________ organize the training opportunities for a company. †¢ EEO representatives †¢ Trainings specialists †¢ Change managers †¢ Communication directors 3. The ________ HR group may provide specialized support for organizational change. †¢ centers of expertise †¢ embedded †¢ corporate †¢ transactional 4. 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