What are the key ingredients of building a successful team Essay

What are the key ingredients of building a successful team - Essay Example The previous quotation summarized the process of building a team, as it is starting with two or more people interacting with one another, to accomplish an objective or goal through performing independent tasks, with individual accountability, per person evaluation focus and the rewards as well.Accomplishments that are made in the form of groups are much more satisfying for the employees and meaningful for the organization than individual’s achievement because this enlarges the scope of success and helps unite the members of the workforce. A team, on the other hand differs from a group particularly on its individual tendency, shared values and goals. The purpose behind forming any team is the search for success on the project assigned to its members. The following paragraphs highlight key ingredients that are necessarily required to build team spirit in the organizational personnel. Shared decision making: Managers should seek the opinions of all employees while making decision s. This tells the employees that their opinion is valued, and they feel respected. Also, quite often, employees become a very good source of information and provide managers with innovative ideas. Consulting them is always a good idea. This also males the employees feel themselves part of the larger organization. Foster collaboration and group rewards: Employees derive a lot of positive feelings from the success of the team. Accomplishments that are made in the form of groups are much more satisfying for the employees and meaningful for the organization than individual’s achievement... As a result of the interaction, all members of the team become aware of the current status of the work from all aspects. Employees may avail meetings as an opportunity to discuss the problematic areas with their colleagues or managers as required. Meetings grow much more in importance in such a work setup where employees work at distance and do not often get to meet one another. In order to make the meetings most beneficial, managers should try to incorporate virtual means of conducting meetings. These days, teleconferencing and videoconferencing are increasingly being employed as a means to conduct the meeting as they provide the participants with the facility to attend the meeting without having to cover long distances to reach the location decided for it. Clear roles and responsibilities: In order to make everyone do his/her part of the job, it is imperative that everybody is clearly made aware of his/her respective duties and job responsibilities. Incomplete knowledge of job resp onsibilities and limitations causes the employees to enter into dysfunctional conflicts with one another. The conflicts totally ruin their interrelationships and distort the bond among them. In order to make the work flow smoothly and without conflicts, managers should tell each and every employee his/her duty both in their individualistic and collective tasks. This also has many added advantages. This reduces the chances of duplication of effort by employees for achieving certain things. Likewise, it is made sure that no areas are left unaddressed. Support: There is no doubt in the fact that everyone needs help, so there should be no shame in asking for

To develop creative solutions to a brief including analysis of Research Paper

To develop creative solutions to a brief including analysis of effectiveness - Research Paper Example The beauty of this industry is that along with tourism, it combines a number of professions in it (Walker, 2007), making it good for the economy and for employment. People stay in hotels because they are far away from their home, or they are living in a country, that is not their home country. When a person thinks about a hotel, it can conjure up exciting images. Hotels are often thought to be busy areas filled with people all around the world, especially business people and celebrities in order to pass their holidays or meetings (Bardi, 2003). The industry hires large number of skilled, unskilled and semi skilled workers to work, and because their work is to provide service, they need to teach some essential points to unskilled labors before hiring (Tanke, 2000). Adventurous people, when travelling, often need luxurious places to pass their traveling times. Because of the in comfort desired by people while traveling, hotel owners and designers tried to make places where people could come and rest without stress. As a consequence they made hotels for the betterment of people traveling from other countries for various purposes (Andrews, 2007). Hotels today are often called â€Å"home away from home† and people can stay in them for many different lengths of time, from a few days to many months. EXECUTIVE SUMMARY Hotel America is a mid-sized hotel chain which is one of the top ten hotel chains of America. During the last quarter of 2001, this hotel started to experience a decline in occupancy rate. There are certain factors attached with this decline. It is not just the case of this particular hotel chain. Rather, all the hotel industry is on a decline. The executive leadership hopes to improve the occupancy rate and this report was prepared to analyze the data available and devise the strategies to help the management. An analysis of the data found that there were certain internal factors as well as external factors that contributed to this downturn. Exter nal factors included the incident of 9/11 and the recession of America, both of which decreased patronage to hotels, and numbers of people travelling in general. Internal factors included a list of things like negligence of the management to maintain the bathroom or other facilities and to see whether the bed provided was comfortable. Another issue was the rude attitude of the staff which offended the customers. The staff coordination must be to a high standard, and there must be no conflict between the staff members because this will give a bad impression to the hotel customers (Sonnenstuhl, 1990). The location of many of the hotels and the unavailability of suitable transportation also had negative impact leaving many customers were unsatisfied. Special facilities and features were also looked upon. When people live in hotels in countries that they are foreign to, they often look at hotels for long term accommodation, however, the rent must be according to the facilities provided (Robinson, 2009). The most effective point towards a successful hotel is goal congruence (Goldsmith, 2002). Within the location category, the closeness to downtown and commercial areas was what the customer desired. Within the special features category, the presence of restaurants, business lounges and clubs gave a positive impact. Of the communication category the main desires were the provision of facilities like telephone and internet access. Based upon the analysis, this report gives recommendations such as: ensuring proper

Abridging Cultural Differences in Learning Essay Example for Free

Abridging Cultural Differences in Learning Essay The world is not only composed of different races that come from different countries but also comprised of innumerable cultures unique from each other. Races from all around the world are greatly diverse. The diversity includes differences in practices, traditions and other cultural manifestations. Culture is one of the distinguishable characteristics of a group of people living in society. Culture is embedded in the community and is illustrated in various forms. In fact, even architectural design depicts culture of people in a particular place. Culture shapes and reshapes a persons individuality. It is influenced by various factors including socio-political, sociological, religion, and historical. Culture continually conform and mold to provide the ever-changing needs of the people in the society. The difference in cultural identity of the people could be attributed to the inherent beliefs, traditions and practices they adhere or grew up with. It is also due to the geographical locations of where we live because culture should match or fit to the geographical and topographical characteristics of the place. For these characteristics greatly affects some aspects of the culture. Learning Styles Learning plays a big role in the lives of people for it is essential in acquiring knowledge that is utilized in understanding things. Learning is an inherent human ability that is honed by factors that affects this particular human process like parenting, formal schooling, experience etc. The process of learning is never-ending, as people reach old age they still acquire new things like information and knowledge they will be able to utilize in some way. Learning has biological and sociological aspects or dimensions. These aspects affect learning either in a positive or negative way. Students may have different processes in taking in information and different ways of learning. Teaching strategies and methods also vary among teachers. Whenever teacher-student education style methods and preference are the same, learning is more likely successful. When there is an existing discrepancy in the learning style preferred by both students and teachers, the students tend to get bored and become inattentive to the lessons (Felder). Every individual have their preferred way of learning things. They are often unaware of this particular preference, they are just aware that they learn more of things that way. People tend to learn more using certain activities and methods than others (Melkman Trotman, 2005). The learning style preferences determine how people learn and the comfortable way in which they were able to learn more. These preferences exert influence learning efficacy (Melkman Trotman, 2005). Some of the biological aspects of learning are sound and light (Shalaway Beech, 1998), some people could not digest the things they should learn in the presence of loud noise and dim light, while there are some people who understand more of the lesson under that certain circumstances. The perception of an individual also affects the learning process of an individual. State of mental health is also another aspect that affects the learning process in which we determine if a person could easily learn the things being taught to them. This is where we could separate fast, average and slow learners. Developmental and sociological aspects that affect the cognitive processes include motivation (Shalaway Beech, 1998), in which some persons need to be motivated in order to digest what is being taught. Being in the in-group also one of the factors that is mostly seen in the school setting where students are more eager to go to school when they are not ostracized by the cliques or social groups. In most classroom settings, noise is not tolerated. Teachers react negatively whenever students squirm or wriggle in their seats, whenever they tap their desks with their pencils or whenever they show restlessness. However, studies prove that some children need such activities for then to able to concentrate, think and learn (Shalaway Beech, 1998). Research shows that when the learning preference of the children, either their biological or sociological aspect, there is a notable increase in achievement and behavioral response. Teachers also have individualized learning styles that affect their way of teaching. When the learning styles of the teacher and students happen to be the same, the more the students will learn (Shalaway Beech, 1998). Various sources discussed many types of learning style preferences. The three main learning style preferences are the auditory, visual and kinesthetic. The auditory learning style explains that some students learn more using their sense of hearing. They tend to get oral instructions easily. The visual learning style, on the other hand, explains how some students tend to learn more using their sense of sight. They are the students who frantically take down notes and copy down keywords from visual aids in class. The kinesthetic learning style explains why some students opt to learn on their own. They tend to learn more through experience and discovery (Learning Styles, 2005). Cultural Differences and Learning Culture and learning are two inseparable things (Moore and Anderson, 2003). The innate cultural identity of a person tends to affect their learning capabilities through influencing their learning styles. Researches find out that cultural groups tend to have unique learning styles that are different from other ethnic groups. But there is also a contrasting finding that members of the family tend to have different learning styles. Instructors and learning facilitators should be aware of three important things. 1. There are existing universally accepted learning principles, 2. Culture greatly influences the learning styles of individuals, 3. Every person has their distinguishable learning style preferences that affect their potential achievement and acquired knowledge (Moore Anderson, 2003). Culture could be held responsible in the developed learning style of an individual. Culture determines the preferences and values a person holds. United States is a multiracial and multicultural society in which the normal classroom is composed of people coming from the different ethnic groups (Shalaway Beech, 1998). Oftentimes, we are having a difficult time understanding people who have dissimilar taste and preference, because we know that there is no commonality or common ground that that two person could talk about. We tend to be biased in some way. Cultural differences are persons strengths, knowing the cultural background of the student will greatly help us to facilitate and induce classroom learning (Shalaway Beech, 1998). The knowledge in the cultural diversity and how it influences the learning process is very important especially to the course designers because there is an inevitable possibility that a group of individuals have different learning styles preferences (Moore Anderson, 2003). The negative implication of the culturally diverse classroom setting is composed of individuals with various learning style preferences. The instructor or learning facilitator have no control over the heterogeneous mixture of learning styles for it is difficult to develop a mixture of training methods and teaching strategies for all the students to learn in class. Conclusion Learning is among the fundamental human process very essential in life. The process of learning occurs in every setting and outside the confines of school and we are unaware that it happens. Culture is the embedded characteristic deeply rooted in society. It somehow defines the social identity of a person. Culture shapes individuality and influences the different aspects of a person, including tastes and preferences. Variety is the spice of life. The global society is composed of different races and cultures. Cultural differences are reflected in learning style preferences. The negative implication of cultural diversity in a classroom and having too many learning styles is that the teachers do not know what teaching methods they should used in order the students to learn the subject. Knowledge in this particular matter is very important especially to learning facilitators and course designers to develop a comprehensive and efficient teaching method to be utilized in classrooms in which ever student’s learning style is utilized. In this way we will be able to abridge cultural differences in learning. References Felder, R. Learning Styles. Resources in Science and Engineering Education. Retrieved June 25, 2008 from http://www4. ncsu. edu/unity/lockers/users/f/felder/public/Learning_Styles. html. Learning Styles. (2005). Student Development Services. University of Western Ohio. Retrieved June 25, 2008 from http://www. sdc. uwo. ca/learning/index. html? styles. Melkman, A. Trotman, J. (2005). Training International Managers: Designing, Deploying and Delivering Effective Training for Multi-Cultural Groups. England: Gower Publishing Ltd. Moore, M. G. Anderson, W. G. (2003). Handbook of Distance Education. New Jersey: Lawrence Erlbaum Associates, Inc. Shalaway, L. Beech, L. (1998). Learning to Teach: Not Just for Beginners: The Essential Guide for All Teachers. New York: Teaching Resources/ Scholastic Professional Books.

The Magic Of Queen Essay examples -- Music

Do you ever wonder what an arduous task it is to listen to the music and understand the complexity of it? Just as Walker Percy implies in his essay "The Loss of the Creature," people generally tend to divide into two categories when it comes to viewing the issues of life. We have the "common" individuals who notice the complexity of the matters, but who interpret it in superficial ways, and we have the "complex" individuals who tear through the outer layer and look to find the answers to their questions (Percy . It was not until I remembered an event which took place a few years ago, that I started to apply this simple-sounding division to a process of enjoying the splendor of music. I was sixteen at the time, tired of the difficulty of life, and the monotony of the gray colored everyday existence. Being trapped in the middle of the teenage years seems trivial, and somewhat insignificant now that I understand that the infamous "struggle" is in fact something which makes life worth living. Nevertheless, at the time of my sweet sixteen I was dissatisfied with the organized routine of my life, and seriously broken-hearted. I remember aimlessly wandering the streets one rainy evening. I never imagined that the weak sound coming from an open window of an apartment complex, and desperately trying to tear its way through the curtain of rain would, in fact, later become my ultimate discovery of the real meaning of music. I stood in the pouring rain mesmerized by something that touched my soul, after tearing through the layer of    "normality." It was a rock song. Rock, but different in some way – a mixture of ethereal mysticism, magic and strength. It was for the first time that I started looking for complexity in music, not only for... ...e, needed to go on in the hearts of those who loved his music. "My soul is painted like the wings of butterflies," Freddie sang. This is exactly the portrait he left in the minds of his fans. He transferred me into the world of magic and fairytales, and this is what almost everyone of us needs from time to time. A break from reality and real life. Things like that help us all retain sanity on the little stranded islands of loneliness, in the sea of people, worries, and everyday problems. Until I arrive on the sandy beach, with a precious disc tucked under my arm, wish me luck†¦ Work Cited Marcus, Greil, eds. Stranded: Rock and Roll for a Desert Island. New York: Da Capo Press, 1996. Dean, Ken. Queen. Krakow: Wydawnictwo "Rock-Serwis", 1992. Percy, Walker. "The Loss of the Creature." The Message in the Bottle. New York: Farrar, Straus and Giroux, 1975: 46-63. The Magic Of Queen Essay examples -- Music Do you ever wonder what an arduous task it is to listen to the music and understand the complexity of it? Just as Walker Percy implies in his essay "The Loss of the Creature," people generally tend to divide into two categories when it comes to viewing the issues of life. We have the "common" individuals who notice the complexity of the matters, but who interpret it in superficial ways, and we have the "complex" individuals who tear through the outer layer and look to find the answers to their questions (Percy . It was not until I remembered an event which took place a few years ago, that I started to apply this simple-sounding division to a process of enjoying the splendor of music. I was sixteen at the time, tired of the difficulty of life, and the monotony of the gray colored everyday existence. Being trapped in the middle of the teenage years seems trivial, and somewhat insignificant now that I understand that the infamous "struggle" is in fact something which makes life worth living. Nevertheless, at the time of my sweet sixteen I was dissatisfied with the organized routine of my life, and seriously broken-hearted. I remember aimlessly wandering the streets one rainy evening. I never imagined that the weak sound coming from an open window of an apartment complex, and desperately trying to tear its way through the curtain of rain would, in fact, later become my ultimate discovery of the real meaning of music. I stood in the pouring rain mesmerized by something that touched my soul, after tearing through the layer of    "normality." It was a rock song. Rock, but different in some way – a mixture of ethereal mysticism, magic and strength. It was for the first time that I started looking for complexity in music, not only for... ...e, needed to go on in the hearts of those who loved his music. "My soul is painted like the wings of butterflies," Freddie sang. This is exactly the portrait he left in the minds of his fans. He transferred me into the world of magic and fairytales, and this is what almost everyone of us needs from time to time. A break from reality and real life. Things like that help us all retain sanity on the little stranded islands of loneliness, in the sea of people, worries, and everyday problems. Until I arrive on the sandy beach, with a precious disc tucked under my arm, wish me luck†¦ Work Cited Marcus, Greil, eds. Stranded: Rock and Roll for a Desert Island. New York: Da Capo Press, 1996. Dean, Ken. Queen. Krakow: Wydawnictwo "Rock-Serwis", 1992. Percy, Walker. "The Loss of the Creature." The Message in the Bottle. New York: Farrar, Straus and Giroux, 1975: 46-63.

Cost of Capital Essay

1. WACC is used for discounting cash flows in the future, thus all the modules of cost must reflect firm’s future abilities in raising capital. Cohen made the mistake of using the historical data in estimating the cost of debt yet the share price has changed considerably over time. The market value of equity should be used instead of book value. 2. Cohen calculates the cost of debt by taking total interest expense for the year 2001 and dividing it by the company’s average debt balance. This is an estimate of the true cost of debt, but is inaccurate and may not reflect Nike’s current or future cost of debt. 3. Cohen obtained the corporate tax rate of 38% which is used to calculate the adjusted cost of debt by adding state taxes of 3% to the U. S. statutory tax rate 35%. In WACC calculation, marginal tax rate should be used as a corporate tax rate for the future estimate. We can use Yield to Maturity (YTM) on 20-year Nike Inc. Bond issued in1996 of 6. 75% Cost of Equity The 20-year old U. S. treasury used by Cohen for a short-term investment of NorthPoint for the short-term 3 months to 1 year yields is more suitable. Given the risk-free rate (Rf) of 5. 74%, the market risk premium (Rm-Rf) of 5. 90% and beta value of 0. 80, we can calculate the cost of equity using the CAPM as follows: Cost of equity = Rf + ? *(Rm-Rf) = 5. 75%+0. 80(5. 90%) = 10. 46% Weighted Average Cost of Capital (WACC) We calculate the WACC of Nike Inc. using the weights and costs of debt and equity using the following formula WACC = Wd Kd(1-T) + We Ke. = 10. 05% x 7. 5 %( 1-38%) + 10. 46% x 89. 95% = 0. 4682% + 9. 4083% = 9. 8765% The weighted average cost of capital for Nike Inc. is approximately 10% percent. Recommendation Given the stock price at WACC of approx. 10% ,stock price should be greater than $50. 92, which is higher than current stock price $42. 09. This shows that the current stock of Nike is undervalued and is discounted rate of 11. 17%. Cohen’s WACC of 8. 4% of the stock was undervalued compared to 10%. Therefore Kim Ford should invest in the Nike for her mutual fund.

The Role Of Corruption In Canterbury Tales - 1035 Words

During the middle ages, Geoffrey Chaucer, the writer of The Canterbury Tales, used literature to criticize and draw attention to social dilemmas. The period in which he lived was a violent and turbulent time. Public hangings, beheadings, burnings at the stake, etc. were common. â€Å"As Chaucer strolled across London Bridge, making up intricate ballads in his head, counting beats on his fingers, he could see, if he looked up, the staked heads of wrong doers hurried away by earnest christians to their presumed eternal torment† (140). Chaucer used The Canterbury Tales as an avenue to criticize and draw attention to the greed and corrupt behavior of his times. History and current day events have shown that some politicians, people with prominent†¦show more content†¦Chaucer’s description of the Monk implies that he is living above the means of a monk and later we learn he doesn’t abide by the rules of monastic life either. He hunts, leaves the monastery, and has a lust for women. All of which are clearly against a monk’s orders which are quite simple: pray, study, and work. U2 is one of the most famous bands in the world. Bono, the band’s charismatic frontman, has a reputation for wanting to make the world a better place and focuses on fighting. Since the late 1980’s he has actively supported and raised awareness via music and reaching out to world leaders and policy makers to request support and raise awareness for numerous campaigns: Amnesty International, Band Aid (recorded â€Å"Do They Know It’s Christmas† with musical powerhouses to raise awareness and money to fight famine in Ethiopia) and Live Aid (simultaneous concerts in multiple locations around the world), Live 8 (fundraising concerts), are a few examples in addition to his work with â€Å"ONE† and its sister organization â€Å"(RED)†. He even gave a presentation at a TED Talk to discuss his 25 years of fighting agains t anti-poverty and disease. During his â€Å"talk† he provided an update on some of the programs in place. â€Å"Look at whats been achieved. Look at the pictures these data sets print. Since the year 2000,Show MoreRelatedMoral In The Canterbury Tales1221 Words   |  5 PagesThe Canterbury Tales The Canterbury Tales have an ultimate lesson at the end, just as every other literary work does. In some of them, he simply states what it is, or some may have to be inferred. During the time, many social and historical events were taking place, and in some instances, Chaucer chose to base the moral around it. While reading The Canterbury Tales, the audience gets entertainment and a basic knowledge of what life what like through the lessons he presents. All of the tales moralsRead MoreAnalysis Of The Canterbury Tales1157 Words   |  5 PagesThe Canterbury Tales, written by English poet Geoffrey Chaucer, is arguably the most notable yet controversial work of British Literature. 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Case Study Management People Organization - 1294 Words

MBA501 – MANAGEMENT PEOPLE amp; ORGANISATION ASSIGNMENT – 2 STRATAGIC MANAGEMENT SUBMITTED BY – SANDEEP KUMAR STUDENT ID - 11592203 SUBMITTED TO – RAMANATHAN R. INDEX ASSIGNMENT – 2 Introduction Introduction Strategic management – It is the set of action used to formulate and implements specific strategies (includes continues planning, monitoring, analysis and decision) that will achieve the competitively superior fit between the organization and environment, so as to achieve organizational the goals. Along with it, it is necessary to rise the performance of an organization to its competitors, means the organization’s average profitability is high as compare to its competitors. It can be apply both on small as well as big organization. Due to Strategic management, for employees of an organization, it becomes very easy to understand and fit in their work according to organization’s plan. So strategic management is to eye on both targets and objectives of organizations. Apple Inc. is one of world’s large company. It is founded by Steve Job, Ronald Wayne, and Steve Wozniak in the year of 1976. Apple Inc. is a software and hardware company. Moreover, Apple Inc. has innovative marketing strategies. Means creating new software and hardware of its products series - iPhone, iPod, computer, iMac, iTune. Apple Inc. always try to give new technology to their consumers. Along with it, all the product of Apple Inc. are very expensive, but due to its product qualities and features itShow MoreRelatedOrganizational Behavior1653 Words   |  7 Pages| Management of Innovation: TransAct Insurance Corporation Case Study | Prepared for: MGT1000-Term Assignment Submitted: 28 September 2011 Prepared by: 1. Introduction: TransAct Insurance Corporation Case Study â€Å"Change is the only constant said Heraclitus, Greek philosopher† (Change Management Training, 2011). This is main challenge that every business faces when they become aware of the need for improvement. 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