Mr. Phil Jones was brought in to take over Consolidated

The plant manager of Consolidated Products, Ben Samuels, ran the business for approximately ten years. He was well liked by all of the employees due to his style of managing and his involvement was appreciated. Samuels built a fitness center for the employees. He sponsored social activities to Include holiday parties and company picnics. Mr.. Samuels would make It a point to get to know a majority of the workers by their names and remained personal and ask about their families and heir hobbles.Samuels would let the supervisors of the plant run their teams without any accountability and never required supervisors to develop plans to Improve productivity. Under Samuels, the employer turnover was very low but the company had the lowest production levels out of five plants. Mr.. Phil Jones was brought In to take over Consolidated Products once the company was purchased by another firm and Ben Samuels had retired. Jones had a reputation of extreme productivity without concern for individu al employees.His method included the notion that people are easily replaced and his focus was business oriented. He immediately made changes within the company such as ending all sponsorship of the social activities and closing the fitness center as he felt that cutting these costs were more conducive to enhancing profits. I believe that if Mr.. Jones had implemented some of the qualities that Mr.. Samuels held, he would be more effective as a leader.He may have chosen to attend these events and ensure that all f the employees felt an element of compassion that would, in turn, result in a stronger desire to produce secondary to the establishment of a caring relationship. I would rather work for Mr.. Samuels because it was obvious he cared for the employees and their families as a whole. To be cared about as an individual elicits a passionate framework in work approach. If I was Phil Jones' boss and the employees were not satisfied with the conditions, I would allow them to unionize. Daft, R. (2011). The leadership experience.

Project Manager – Main Responsibilities

i) Project Manager – main responsibilities and desired traits Project manager has primary responsibilities for providing leadership in planning, organizing and controlling to the project team to accomplish the project objective in quality manner, within budget and on time as a cohesive group. [pic] Desired Traits Skills Effective project managers must posses a variety of skills in addition to general management skills.While certain necessary skills may be dependent upon the project, there are some skills that all project managers should possess. Leadership ability -create a vision an direction, inspiring the team, give empowerment, give motivations, appreciate and values the contribution by recognition, praise encouragement, establishing an environment of trust, high expectations and enjoyment.Ability to develop people – has a commitment to the training and development of people working on the project. Give the team an opportunity to add value from experience by gaining knowledge and more competent. Communication skills – the ability to communicate clearly, effectively, and regularly for the purpose of to have a good working relationship with the project team, customers and other stakeholders.Interpersonal skills- the ability to develop a relationship with each team member in order to know â€Å"what motivates them, how they think things are going, what concerns they have, and how they feel about things† Problem-Solving – the ability to anticipate problems, recognize them when they arise, and solve them quickly and efficiently Time Management – the ability to prioritize, delegate, and manage time effectively Ability to handle stress – the ability to handle stress that can arise from work situation.Negotiating Skills – able to interact with customers, sponsor, the project organization’s management, subcontractors, vendors and end user to arrive at a mutually acceptable agreement on an issue. Conclusi on The project manager responsibilities of planning, organizing, and controlling are general management responsibilities. In addition to these responsibilities, the effective project manager must possess a specific set of skills that can be used to manage projects successfully. ———————– PROJECT MANAGER

Functions of Secondary Market

Functions of Secondary Market: The secondary market provides an organized place and the mechanism for trading in securities. They also ensure that the deals struck in the stock are fair and within the framework of law. The efficient functioning of the stock exchange creates a conductive climate for an active and growing primary market for new issues. An active and healthy secondary market in existing securities leads to better psychology of expectations; considerable broadening of investment enquiries renders the task of raising resources by entrepreneurs easier.Good performance and outlook for equities in the stock exchanges imparts buoyancy to the new issue market. The good stock exchange facilities the following important activities in the economy of a country: i. Favorable climate for growth of primary market ii. Widening of investment opportunities for the investor iii. Improving availability of resources for the business enterprises iv. Buoyancy in new issues v. Increasing conf idence among the players of the market Important functions 1.Provide a continuous market: It is the important objective of the secondary market to ensure stability in price as the trading activity progresses. The stock market achieves this aim by providing a continuous market infrastructure to the investor, thereby ensuring liquidity in the market. Some important characteristics of a continuous market are: i. Frequency of trades; ii. Small spread between bid and ask prices; iii. Immediate execution of order; iv. Change in price being minimum as the transaction takes place; The enefits of continuous market are that it creates marketable liquid investments and facilitates collateral lending. 2. Frequency of sales: A market will be liquid only when a buyer/ seller can find seller/buyer. If there are no buyers/sellers for some securities or there is long wait before a buyer/ seller can find counterparty, such market are called illiquid markets. The primary criterion for a good market is whether investors can sell their portfolio holding quickly with minimal price fluctuation at the time of sale.Liquidity occupies a central place in evaluating the efficiency of exchange. The market should have three important dimensions of liquidity. They are: i. Depth ii. Breadth iii. Resilience Depth refers to the situation wherein buy and sell orders are available at the quoted price for the desired quantity. If it is not available, then the market is termed as shallow market. The number of the transaction or the number of orders determines the breadth of the market. Otherwise the market is known as thin.The response to orders to changes in price reflects the resilience of the market. 3. Empirical measurement of liquidity: Empirically, liquidity is measured by the number of days a company’s share is traded, out of the number of days in the year, when the market is open. The number of days particular share is being traded reflects the liquidity of the market. If it is trad ed actively 50%of the days when the market is open, then it is termed as liquid. The variation in price of the share from one trading day to another also determines the liquidity of the share.If the difference between the lowest asked(or offered) price and highest bid-price is wide, the market is said to lack depth and considered shallow. Actually bid- asked spread is an inverse measure of liquidity. ‘ Tick’ as the minimum difference in rates between two orders on the same side i. e. , buy or sell entered on the system for a scrip. Trading in scrips listed on BSE is done with the size of 5 paise, it is 1 paise, in case of mutual funds and others to encourage orders at finer rates and improve liquidity.In United states, variation of one –eighth point in the price from the immediate trade is considered liquid. In our country, the minimum tick start from 0. 25. 4. Fair price determination: The prices in the stock market are determined by the interplay of the forces of supply and demand. When the prices are going up, it is termed as bull phase and when the prices are going down, it is termed as bear phase. As seen earlier active, bidding and two-way auction trading takes place in the stock exchange. The result is as near a market for free trading and free competition, as can be found anywhere.The bargains that are struck are at the fairest price, determined by the basic laws of supply and demand. At time large scale speculator activities raise the price of the share. But such activities are ephemeral in nature. There is no fundamental relationship between book value, par value and market value of share, because the share price may experience a boom if there is large scale investment from an individual or mutual fund company and also during such period too much money chases a few shares.The performance of the stock exchange is also subject to speculation, which at times, drives up the prices above the investment worth and at others, below it. Un der the normal circumstances, one would leave the situation to the forces of the market- what the buyers and sellers willing to bid and to offer. But in India, conscious policy is adopted to make shares attractive to the foreign institutional investors who evaluates our market, in relation to the other emerging markets. The stabilization of the stock market prices around a reasonable level would be desirable. . Aid to Financing Activities: Listed company finds it helpful to sell further issues of their shares in the primary market based on the good performance of their earlier ones. An active market and the good market price’s for the company’s shares makes the task of raising funds through further issues easier. This facilitates the company to command good price for the subsequent primary issue in the market. Rights themselves have an immediate and a wide market in the stock exchanges, provided the price including the premium reflects a fair price.Thus the stock excha nges enable a company to market further issues successfully by creating a continuous market for the rights. 6. Other allied functions: * The market prices established in the stock exchange trading are useful for tax purpose. * The stipulation on disclosure and transparency ensures that the investors have access to information on the listed companies, particularly with regards to their financial condition. * It serves to protect the investor’s interest by eliminating the dishonest and irregular practices rampant in the brokerage trade. To ensure a measure of safety and fair dealing to protect investors interest. * To provide the instant valuation of securities caused by changes in the internal environment. * To induce companies to improve performance since the market price at the stock exchanges reflects the performance and this market price is readily available to investors. * Secondary marketing is vital to an efficient and modern capital market. * In the secondary market, s ecurities are sold by and transferred from one investor or speculator to another. * Risk management

Analysis Of Pepsico Vision Statement Business Essay

Analysis Of Pepsico Vision Statement Business Essay PepsiCo is a company which is most successful well-known brands in the world. Pepsi Company is nationally and globally to operating in non-alcoholic beverage industry, soft drink industry, and savoury snack industry. Besides that, PepsiCo offers the world’s largest portfolio of food and beverage brands included 22 different product lines. And the biggest competition from competitor is Coca-Cola in soft drink industry. Analysis of PepsiCo Vision Statement According to vision statement of PepsiCo, I had used seven components to analysis the vision such as directional, graphic, focus, flexible, feasible, desirable, and easy to understand. First of all, the directional component of PepsiCo is target to become a truly sustainable company by using focus on environmental stewardship, activities to benefit society, and a commitment to build shareholder value. From the case, PepsiCo has extensive statements on sustainability, the environment, health and wellness, and diversity. Pepsi Company is nationally and globally to operating in non-alcoholic beverage industry, soft drink industry, and savoury snack industry. PepsiCo is able to expansion market to serve new market segment by provides health and safety product to make consumer more confidence to purchase and become a sustainable company. Besides that, the graphic component of PepsiCo is not appearing in the current vision statement. From the current vision, it has no mention about company management is create and the market position the company is striving to stake out. Moreover, the focus component of PepsiCo is focus on environmental stewardship, activities to benefit society, and a commitment to build shareholder value. According to the PepsiCo case which said that PepsiCo are focusing in projects to increase to use of recycled materials and reduce material used in packaging. It will help PepsiCo build a good brand image, environment friendly and good reputation. When brand image is created, it will incre ase brand awareness of Pepsi and easy to launch new product to serve new market segment and achieve the commitment of shareholder value. However, once the commitment with shareholder is broken it will bring negative effect to the company such as poor reputation and decrease number of invertors. In addition, the flexible component of PepsiCo is creating a better tomorrow than today. From the statement, PepsiCo is wanted to improve all aspects of the world to create a better future. So, it may help increase more potential profitability due to better than previous year. And, it also assists PepsiCo a step forward to be truly sustainable company. Yet, it also some aspect is uncontrollable such as new competitor and economic downturn. Furthermore, the feasible component is about the reasonable expect to achieve in due time. From the case, PepsiCo is expecting continually to improve all the aspects of the world. PepsiCo is able to achieve this vision due to strong financial and also wide range of distribution network. It also has opportunities capture more market share around the world. However, it needs resources and times to achieve the goal. Additionally, the desirable component is about long term interest of stakeholders. In the vision of PepsiCo, it is commitment to build shareholder value. PepsiCo has long history of delivery strong financial growth for shareholders with the powerful brand and commitment to sustainability and top global talent. Conversely, it also face problem when shareholders may disagree with PepsiCo decision making and may occur conflict belong PepsiCo and shareholder.

Manifest Destiny Essay Example | Topics and Well Written Essays - 1000 words - 1

Manifest Destiny - Essay Example The increase in population of the initial 13 Colonies and the growth of the United States economy increased the desire to grow into additional land. The Manifest Destiny concept tremendously influenced the United States policy. This enhanced the American expansion to the West. The idea was largely put forward by posters, newspapers and other avenues. Despite the fact that it was not a formal policy of the government, it facilitated the passing of legislations like the Homestead Act, which promoted colonization and acquisition of areas in the West (Robinson 2010, 21). Additionally, the idea was a factor in the thought of America. Movement into the West regions provided a prospect for self development. To be familiar with the concept of Manifest Destiny, it is essential to comprehend the desire and need of the United States to expand. This paper will look at how issues around it affected the U.S, how the views of Americans on the issue changed over the period, and will also mention some events as examples. John OSullivan, a U.S newspaper editor writing on the planned occupation of Texas, was the first to use the term in 1845. He asserted that it was America’s â€Å"manifest destiny to spread to the whole continent.† The newspaper issue recommended that through expanding, America could turn out to be a renowned superpower. According to OSullivan, United States had been exclusively selected for the mission of Westward expansion. This would push out the wilderness and bring civilization. Between independence and 1920, the government passed land laws that were favorable for people to migrate. The federal government also persuaded people from Europe to come and inhabit. It used the military to protect the settlers from natives. It further put money into explorations, such as that of Clark and Lewis. Wherever there was sufficient water, homesteading was practiced by people from the Midwest to the Pacific regions. Cheap and available land,

Analysis of First Eucharistic Prayer Research Paper

Analysis of First Eucharistic Prayer - Research Paper Example Scholar Mazza explores and examines the four texts available to him in order to decipher the structure and content of the First Eucharistic Prayer: (1) Jewish festive meal, (2) Luke’s Last Supper, (3) Didache, and (4) the First Letter to the Corinthians. The â€Å"texts† that describe the rituals characterized in the Jewish festive meal and the Didache were written anonymously since both texts are oral tradition; this implies that the two texts were made by the people who practiced them -- there was no particular author who wrote them. In Luke’s document, it is assumed that the writer is Luke who was one of the disciples of Jesus. And the author of the Letter to the Corinthians is none other than St. Paul himself. In his rigorous research, Mazza uncovers the nature of this Eucharistic Prayer and how it shapes the study of Christology and Ecclesiology. According to Mazza (1999, p.20), Luke’s description of the Last Supper has similarity or â€Å"analogous† to the Jewish festive meal. Monti (1993, p.117) says that the Last Supper instituted by Jesus of Nazareth is considered by many Christians as the â€Å"most important aspects of this liturgy (i.e., eucharistic prayer).† And Mazza attempts to find a connection or relationship between the Last Supper and the Jewish festive meal; after all, Jesus was fundamentally a Jew. There are three basic stages of the Jewish festive meal: first, the rite of the Qiddush as an introduction to the festive celebration; second, the meal proper; and third, the rite of the cup accompanied by Birkat ha-Mazon (Mazza, 1999). In the Qiddush rite, it begins with the rite of the cup and the reading taken from the passage in the Book of Genesis. Afterwards, a short blessing is performed. At the concluding part of the Qiddush is the rite of bread. After the rite of the Qiddush and the me al proper is the recitation of the Birkat ha-Mazon; Birkat ha-Mazon is a ritual characterized by thanksgiving to God, usually

What causes inflation in China Essay Example | Topics and Well Written Essays - 1500 words

What causes inflation in China - Essay Example Inflation is an economic phenomenon in which prices of goods and services increase gradually over a period of time. It is one of the most important economic problems facing by majority of the countries at present. Even developed countries and rapidly emerging countries are not free from the problems generated by inflation. China is the most rapidly developing country in the world at present. Yet, â€Å"China's inflation rate hit a 10-month high in February, as Lunar New Year festivities drove up food prices. Consumer prices rose 3.2% from a year earlier, with food prices up by 6% (China inflation rate hits 10-month high in February, 2013). This paper analyses the reasons of inflation in China. Causes of inflation in China Even economists are not unique in their opinions about the reasons of inflation. In other words, there are plenty of reasons for inflation in a country. However, two economic theories; Demand pull and cost push inflation theories explain the reasons of inflation co mprehensively. Demand-pull inflation occurs when demand for a good or service increases so much that it outstrips supply. As demand increases, sellers start selling out of the product, and frustrate potential customers. Their next step would be to produce more. However, if supply is constrained, their next step would be to raise prices, creating inflation (Amadeo, 2013). Demand pull inflation is illustrated in the figure given below. Demand pull inflation is a case in which too much money available in the market whereas the availability of goods or services is less. In other words, in economies with demand pull inflation, demand for goods and services will be increased whereas the supply decreased. As a result of that price will be increased. (Monetary Policy - Inflation – Causes, 2012) Demand pull inflation occurs mainly in growing economies. Since China is one of the most rapidly growing economies, demand pull inflation occurs quite frequently. â€Å"China’s broad m oney supply more than doubled in four years, reaching 97.42 trillion yuan (US$15.66 trillion) by the end of 2012, according to central bank figures. Economists blame the unprecedented growth in credit for the inflation and asset bubbles† (Zitan, 2013). Centran bank of China is printing excessive currencies in recent times in order to pump more money into the market and to increase the economic activities. As a result of that asset bubbles are creating major industrial sectors, like real estate industry in China. Asset bubble is an economic phenomenon in which the prices of assets increase sharply. In other words, asset bubble increases the prices of commodities beyond its actual or realistic price. When prices of a commodity increases beyond its actually value, the possibility of sudden collapse of its value cannot be ruled out. In short, when the government pumps more money into the market the value of the commodities increases beyond its actual prices and thereby causing inf lation. Credit or money supply is essential for a country’s economic growth. It has direct relationships with the gross domestic product (GDP) of a country. Economic activities in a country can be sustained only with the help of adequate money supply. However, excessive money supply brings more harm than good. Money supply is usually keeps a ratio of 1 to 1.5 with GDP in developed countries. However, in China’s case, this ratio reached an all-time high 1.88 in 2012 (Zitan, 2013). In terms of credit creation, no country seems to be anywhere near to China. As a result of that asset bubbles or economic bubbles are common in China. Loans made by Chinese banks in recent times are extremely higher compared to that in the past. Thus, Chinese people are getting plenty of money in their hands for purchasing goods and services. When the purchasing abilities of the people increase, economic activities will also be increased. At the same time, price hikes will also take place as a result of the pumping of more money in to the market. Cost push inflation