MBA Management course -'Business in Society' Essay

MBA Management course - 'Business in Society' - Essay Example eading enterprises of the world are currently growing their manageability activities to concentrate on responsibility and limit hazards by expanding standard desires for speculators and guaranteeing their procedures are in accordance with the venture communitys targets. This would show corporate responsibility towards the financial specialists and investors who eventually will bolster the companys adaptable supportability endeavors.1 At IKEA, we have consistently had confidence in coordinating maintainability procedures to help our workplace through materiality and activities based activities. We have been in front of our rivals in manageability activities. A portion of our prominent activities during 2006 had been making home outfitting items ok for natural impacts; support for capable ranger service dependent on set up prerequisites for wood providers; support for practical cotton creation; and satisfactory working conditions. In 2007 we have presented IWAY (IKEA Way on Purchasing Home Furnishing Products) which urge shoppers to assist us with accomplishing manageability objectives. Our present activities incorporate moving in the direction of decrease of kid work, commitment towards atmosphere sway; and going towards sustainable power source by supporting manageable vehicle; and working with networks towards sustainability.2 These perspectives exhibit that however, a profoundly earth cognizant organization, IK EA’s procedures in the past has been centered around material and tasks only. For the future, we have to grow increasingly severe methodologies which Tomorrows Value report shows as, financial specialists points of view of maintainability. At IKEA, we have just had the option to accomplish this through discoursed with associations, providers, organizations and related associations. So far IKEA has had the option to build up a procedure for supportability and systems for checking it.3 We have to tailor our maintainability methodologies to line up with tomorrow’s qualities and manageability to expand advertise openings.

Gap Year Ideas and Tips for Everyone Who Wants to Take a Year Off

Hole Year Ideas and Tips for Everyone Who Wants to Take a Year Off Contemplating may be so debilitating and baffling that it makes you consider having a little break from these books and papers. A hole year is a superb opportunity to become more acquainted with yourself better and choose what you need to do in your life. Would it be advisable for you to Have a Gap Year? Numerous understudies ask â€Å"Is a hole year a decent idea?† obviously, there is no answer that will suit each understudy and each circumstance. Everything depends and may be your approval and your fizzle. On the off chance that you believe that you cannot choose what profession way is only for you, at that point you may have a break to attempt various occupations. You may likewise require a hole year to travel or basically have some rest before plunging into your school schedule. Along these lines, consider this year a chance to develop, challenge yourself to leave your usual range of familiarity and learn new abilities that you may require later on. In the long run, you may very well need some additional cash before proceeding with your training. Hole Year Pros and Cons On the off chance that you ask yourself â€Å"Should I take a hole year?† you unquestionably ought to know about the entanglements and advantages of taking a hole year. Lets investigate the key focuses that we picked depending on the experience of understudies who took their year off after secondary school or school. Advantages: A chance to get more work understanding. A chance to travel and have progressively save time. An opportunity to attempt yourself in various circles before really picking a specialization. A chance to bring in some cash and put something aside for school. A chance to enable your folks to improve their money related circumstance. An opportunity to explain your contemplations and characterize your objectives. Drawbacks: A high possibility of feeling desolate in light of the fact that companions set off for colleges. A high possibility of spending more than acquiring. A point by point plan is required. Significant expenses that you have to oversee yourself. Being a year behind your colleagues. A high possibility of never finishing training due to getting a decent line of work or losing a craving to learn by any means. Obviously, a portion of these focuses may have a progressively critical effect on you and your choice, so consider whats going to be better in a specific circumstance. Fundamentally, despite the fact that numerous individuals may feel disappointed and befuddled through their hole year, most of understudy concedes that taking a hole year was an extraordinary choice that helped them characterize their objectives. Explicit Ideas on How to Spend a Gap Year All in all, what would you be able to do to make this time loaded with feelings and openings? Here, we have a couple of thoughts of what you can do during your hole year. Chipping in Perhaps the most ideal approaches to discover your internal quality and serenity is to go chipping in. By helping the ones in need you can make an incredible commitment to the world and offer your thanks for everything that you have now. Volunteering furnishes you with loads of advantages that may astonish you. You can pick the circle of chipping in that you like the most †good cause, creature covers, environmental change, zero waste crusades, gathering pledges battles, and so forth. Visit your neighborhood networks to find out about how you can help. You can even attempt to set up your own crusade and draw in patrons from your area. Voyaging Voyaging is the thing that most of individuals appreciate and might want to do as opposed to sitting in the workplaces throughout the day. Along these lines, before beginning your life as a grown-up with loads of duties, have a ton of fun time with your companions or on your own going far and wide. Incidentally, voyaging is one the best hole year thoughts after school and secondary school or even through grown-up hole years. We have made a rundown ofâ the best goals for going in the middle of your considering, so you unquestionably should look at it. Some cool travel objectives for you: Feed organic products to an elephant in South East Asia. Take a selfie remaining on the Great Wall of China. Visit beguiling cascades of Costa Rica. Attempt shark-confine making a plunge South Africa. Ride a surrey through the Arabian desert. You can secure some cool remote positions to have the option to pay for your living and food. Probably the best travel occupations you can discover on sites like Expert Vagabond or The Broke Backpacker. We likewise propose you search for some instructive recordings on YouTube with tips and deceives on how you can go on a careful spending plan or being paid for voyaging. For instance, VagaBrothers, Exploring Alternatives, Fun For Louis, and others share their movement experience and offer valuable guidance on how you can set aside some cash while voyaging, living and working in different spots. OK prefer to have a leisure activity like travel vlogging? Look at some other peculiar diversions that can light up your life. Instructing English Regardless of whether your English isn't splendid, you can in any case get a new line of work abroad or online to work with individuals who need to learn English as an unknown dialect. Educating isn't the most straightforward activity ever, obviously, however you can take in substantial income while instructing what you definitely know. Also, you will get magnificent experience and a chance to become more acquainted with different societies and individuals. Here is a rundown of applications that you may discover valuable for improving your English. Showing English as a Foreign Language (TEFL) capability is the thing that generally required by bosses for the situation in the event that you need to show English abroad. TEFL courses will permit you to work in schools and other learning establishments regardless of whether you dont have past educating experience. You can discover TEFL courses and materials on the accompanying stages TEFLcourse MyTEFL InternationalTEFLAcademy TEFL.com A portion of these stages will permit you to in a flash observe which openings for work you will have in the wake of completing the courses so you can design your outing already. Taking Courses Low maintenance courses are extraordinary for you when you are on your hole year. You can pick what and where you need to learn as you can take courses abroad. The assortment of subjects is dazzling †you can adapt nearly everything including dialects, medication, news coverage, expressions, and so on. Look at the hole year programs that are offered by UCAS, Study Abroad and Go Overseas. Travel the world and study remotely with advantageous online courses to get top to bottom information and helpful aptitudes. Working or Taking an Internship On the off chance that you dont comprehend what to do in a hole year at home, think about creation some cash that you can later spend for school. Your area most likely has an assortment of empty places that will happily recruit you during the current year. Working will permit you likewise get helpful abilities and have something to add to your resume. Temporary positions are likewise an extraordinary method to go through your hole year with the advantages for your future profession. Adding entry level position to your scholarly record will improve your odds of showing signs of improvement work in the wake of finishing your training. You can locate an appropriate entry level position program in your area or abroad on stages like GapYear, Uncollege, USA Gap Year Fairs, and so on. Wrapping Up Taking a year off is certainly not an uncommon case among the understudies these days. A few understudies simply need some an opportunity to settle on a choice, others attempt to have however much experience travel understanding as could reasonably be expected. What's more, there are likewise understudies who never complete their training once taking a hole year. On the off chance that you need to realize what different open doors you have if not attending a university, read our article. An understudy who takes a hole year likewise needs to get that: The desires infrequently become a reality Its fundamental to have an arrangement before settling on any choice One will confront high points and low points through the hole year Being dubious and befuddled is absolutely ordinary Being disillusioned in the picked circle is likewise typical. In the end, you will locate the one that you are looking for. Set objectives for yourself and make a point not to burn through your time however going through it with benefits for your self-advancement. Thusly, you may have the best time in your life.

How to Make a Flashlight

How to Make a Flashlight After 8 months, I was finally in. In the Edgerton Center Student Shop training class that is. Never heard of the Edgerton Center Student Shop? Well, its this wonderful machine shop that MIT students can use to make virtually anything their heart desires. Its amazing. In case youre wondering what kind of tools they have, they have mills, lathes, bandsaws, drill presses, and even a 3-D printer! Now that I think about it, I wish I had taken some photos for you guys to see these machines :( But this just means Ill have to swing by the shop to make something awesome so I can take pictures of the machines (: In the meantime, in order to orient youself to some of the machines I mentioned, you should take a look at the pictures here that Laura 09 took of the LMPs machines. Anywho, as wonderful and free as the Edgerton Shop, the only catch is that you have to get shop trained before you can use the shop. Some of you might be thinking that training is probably awful and really boring. BUT this is MIT were talking about. Trainings actually pretty cool! For the Edgerton Shop training, they actually teach you how to make a neat little flash light! I didnt take picture of the whole process, but I can walk you through some of it. First, we started out with a little piece of aluminum that we cut from a longer extruded piece of square aluminum bar. We then stuck this piece of aluminum on the mill. A mill is essentially this fancy machine that you can use to make some precise cuts into a piece by using xyz coordinates. However in order to establish your coordinates, you need to edge-find, or determine where the tip of the tool is relative to the edges of your part. Edge-finding! Woo! Next, we drilled a couple concentric holes for the lightbulb cavity. After we drilled the concentric holes of different diameters, we pocketed (made a square shaped hole) on the top of the part so that our plastic lens cover would be flush with the top surface. After pocketing, we drilled some holes for the lens cover screws and tapped these holes and the hole for the base of the flashlight (although I didnt photograph these parts). Once we finished these parts, we moved over to the lathe. A lathe is a machine which rotates a part and allows you to make a cut around the axis of rotation of the part. Check it out below! Again, I failed and forgot to take photos but essentially on the lathe, we turned (this is the term for what you do on the lathe) down an aluminum rod to a smaller diameter, added threads using a die, drilled the hole for the battery, and added a grip using a knurling tool. I definitely skimmed over the whole process (I was preoccupied with finishing my flashlight :P), butVOILA! There you have it. A MIT flashlight, complete with a CNCd MIT logo on the side!

American History Timeline 1651â€1675

The American Revolution would not commence until 1765, when the Stamp Act Congress, representing the thirteen colonies, disputed the right of the British parliament to tax the colonists without providing them with representation in the House of Commons. The American Revolutionary War would not begin until 1775. During the period from 1651 to 1675, however, attempts by the British government to control commerce in the American colonies gradually created an atmosphere in which rebellion was almost inevitable. 1651 October: England passes the Navigation Act that forbids goods to be imported from the colonies to England in non-English ships or from locations other than where they were produced. This action causes supply shortages hurting colonies and eventually leads to the Anglo-Dutch War which lasts from 1652–1654. 1652 April 4: New Amsterdam is given permission to form its own city government. May 18: Rhode Island passes the first law in America which prohibits slavery, but is never enforced. After the death of Maines founder Ferdinando Gorges (  c. 1565–1647), the Massachusetts Bay Colony revises its borders to the Penobscot Bay, absorbing the growing colony of Maine. July: The first battle of the Anglo-Dutch Wars (1652–1654) breaks out. In defiance of England, Massachusetts Bay declares itself independent and starts minting its own silver coins. 1653 The New England Confederation—a union of Massachusetts, Plymouth, Connecticut, and New Haven colonies formed in 1643—plans to help England in the ongoing Anglo-Dutch Wars. The Massachusetts Bay colony flatly refuses to participate.   1654 The first Jewish immigrants arrive from Brazil and settle in New Amsterdam. October: The new governor of Maryland, William Fuller (1625–1695), nullifies the 1649 Toleration Act which gave Catholics the right to practice their religion. The colony also removes Lord Baltimore from authority. 1655 March 25: The Battle of the Severn, considered by some historians the last battle of the English Civil War, is fought in Annapolis, Maryland, between Puritan loyalists and moderate protestant and Catholic forces loyal to Baltimore; the Puritans take the day. Sept. 1: After a last maritime battle between the Dutch colonists led by Peter Stuyvesant (1592–1672) and forces from the Swedish government, the Swedish surrender, ending royal rule by Sweden in America. 1656 July 10: Lord Baltimore is returned to power in Maryland and appoints Josias Fendall (1628–1887) as the new governor. The first Quakers, Anne Austin and Mary Fisher, arrive in Massachusetts Bay from their colony in Barbados and are arrested and imprisoned. Later in the year, Connecticut and Massachusetts pass laws to allow for the banishment of Quakers. 1657 Quakers who arrive in New Amsterdam are punished and then banished to Rhode Island by Governor Peter Stuyvesant. 1658 September: Massachusetts colony passes laws that do not allow for religious freedom of Quakers including the holding of their meetings. Quaker Mary Dyer (1611–1660) is arrested in New Haven and convicted for preaching Quakerism and is among those banished to Rhode Island. 1659 Two Quakers are punished by hanging when they return to the Massachusetts Bay Colony after being banished. 1660 Lord Baltimore is removed from power by the Maryland assembly. The Navigation Act of 1660 is passed requiring only English ships with a three-quarters English crew be allowed to be used for trade. Certain goods including sugar and tobacco could only be shipped to England or English colonies. 1661 The English crown, in protest to the rules against Quakers, orders them released and returned to England. They are later forced to stop the harsh penalties against Quakers. 1662 April 23: Connecticut governor John Winthrop Jr. (1606–1676), secures a royal charter for the colony after nearly a year of negotiation in England. The Massachusetts Bay Colonys charter was accepted by England as long as they extended the vote to all landowners and allows for freedom of worship for Anglicans. 1663 The Elliot Bible, the first complete Bible to be printed in America, is published at the Harvard College in Cambridge—in the Algonquin language. The Algonquin New Testament had been published two years earlier. The Carolina colony is created by King Charles II and has eight English noblemen as proprietors. July 8: Rhode Island is given a royal charter by Charles II. July 27: The second Navigation Act is passed, requiring that all imports to the American colonies must come from England on English vessels. 1664 The Hudson River valley Indians surrender part of their territory to the Dutch. The Duke of York is given a charter to control lands that include the Dutch area of New Netherland. By the end of the year, a naval blockade by the English of the area causes Governor Peter Stuyvesant to surrender New Netherland to the English. New Amsterdam is renamed New York. The Duke of York grants land called New Jersey to Sir George Carteret and John, Lord Berkeley. Maryland and later New York, New Jersey, North Carolina, South Carolina, and Virginia pass laws that do not allow for the freeing of black slaves. 1665 New Haven is annexed by Connecticut. The Kings commissioners arrive in New England to oversee what is occurring in the colonies. They demand that colonies must comply by swearing allegiance to the King and allowing for the freedom of religion. Plymouth, Connecticut, and Rhode Island comply. Massachusetts does not comply and when representatives are called to London to answer to the King, they refuse to go. The territory of Carolina is extended to include Florida. 1666 Maryland prohibits the growing of tobacco for a year due to a glut of tobacco on the market. 1667 July 31: The Peace of Breda officially ends the Anglo-Dutch War and gives England formal control over New Netherland. 1668 Massachusetts annexes Maine. 1669 March 1: The Fundamental Constitutions, written partly by the English philosopher John Locke (1632–1704), are issued in Carolina by its eight proprietors, providing for religious tolerance. 1670 Charles Town (present-day Charleston, South Carolina) is established on the Albemarle  Point by colonists William Sayle (1590–1671) and Joseph West (died 1691); it would be moved and re-established in its present location in 1680. July 8: The Treaty of Madrid (or Godolphin Treaty) is completed between England and Spain. Both parties agree that they will respect each others rights in America. Governor William Berkeley (1605–1677) of Virginia convinces the Virginia General Assembly to change the rules from allowing all freemen to vote to white males who owned enough property to pay local taxes. 1671 Plymouth forces King Philip (known as Metacomet, 1638–1676), chief of the Wampanoag Indians, to surrender his weapons. French explorer Simon Franà §ois d’Aumont (or Daumont, sieur de St. Lusson) claims the interior of North America for King Louis XIV, as an extension of New France. 1672 First copyright law is passed in the colonies by Massachusetts. The Royal Africa Company is given a monopoly for the English slave trade. 1673 Feb. 25: Virginia is granted by the English crown to Lord Arlington (1618–1685) and Thomas Culpeper (1635–1689). May 17: French explorers Father Jacques Marquette (1637–1675) and Louis Joliet (1645–~1700) set off on their expedition down the Mississippi River exploring as far as the Arkansas River. The Dutch launch a naval attack against Manhattan to try and win back New Netherland during the Third Anglo-Dutch War (1672–1674). Manhattan is surrendered. They capture other towns and rename New York to New Orange. 1674 Feb. 19: The Treaty of Westminster is signed, ending the third Anglo-Dutch War with the American Dutch colonies reverting back to England. Dec. 4: Father Jacques Marquette establishes a mission at present-day Chicago. 1675 Quaker William Penn (1644–1718) is granted rights to portions of New Jersey. King Philips War begins with retaliation for the execution of three Wampanoag Indians. Boston and Plymouth unite to fight against the Indians. Nipmuck Indians unite with the Wampanoags to attack settlements in Massachusetts. The New England Confederation then reacts by officially declaring war on King Philip and raising an army. The Wampanoags are able to defeat settlers near Deerfield on September 18th and Deerfield is abandoned. Primary Source Schlesinger, Jr., Arthur M., ed. The Almanac of American History. Barnes Nobles Books: Greenwich, CT, 1993.

Thomas Hobbes And The Philosophy Of Political Science

He started out on the philosophy of political science while on his trips and visits to other countries outside of England to listen to other scientists and learn different forms of government. While studying, Thomas Hobbes wondered about why people were allowing themselves to be ruled and what would a great form of government for England. He reasoned that people were naturally wicked and shouldn’t be trusted to govern themselves because they were selfish creatures and would do anything to better their position and social status. These people, when left alone will go back to their evil impulses to get a better advantage over others. So Thomas Hobbes concluded that the best form of government would an absolute monarchy, which is a government which gives all power to the king or queen to provide direction and leadership to make sure the country doesn’t go into turmoil. To support his ideas, Thomas Hobbes asked the question,† If men are naturally in a state of war, why are they carrying arms and have keys to lock their doors.† In other words, even when the country is at peace, the people are still using things which can get them a better advantage over others and keeping their own interests a secret from others. According to Thomas Hobbes, the reason this is the case is because people are selfish and evil and that they protect their interests really well by using certain tactics to make sure other people devastate their needs and wants. Also, without a leader, these people wouldShow MoreRelatedThomas Hobbes s Leviathan 1190 Words   |  5 PagesThe source which will be analysed is the frontispiece of Thomas Hobbes most famous work ‘Leviathan’ and ‘Leviathan’ as a whole. The frontispiece is considered as prominent as the arguments put forth by Thomas Hobbes in the ‘Leviathan’ itself. The frontispi ece depicts a crowned figure grasping a crosier and a sword. This figure, or ‘Leviathan’, represents the all-powerful, comprehensive state. When looked at closely, the torso and arms of the figure are made up of hundreds of individual people, whoRead MoreThe Philosophy of Thomas Hobbs Essay1748 Words   |  7 PagesThomas Hobbss philosophy Hobbes Moral: Thomas Hobbes is known best for his political thought and the English philosopher. The vision of Hobbes for the world is still relevant to modern politics. He always focus the problems of social and political order: that how human beings can keep away the terror of civil and difference to live together in peace and got authorize to decide every social and political matter. 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Leadership Models in Action Free Essays

Introduction Leaders are born while others are made probably sounds clichà © but one undisputable fact is that leadership is critical to steering a business or organization to success. As Jack Welch quotes ‘Good business leaders create a vision, articulate the vision, passionately own and relentlessly drive it to completion. (www. We will write a custom essay sample on Leadership Models in Action or any similar topic only for you Order Now thinkexist.com.) Notably, there are many leaders who have existed in past century but arguably very few great leaders exist. Additionally, the different great leaders apply different leadership approaches as well as possess different leadership traits. Nonetheless, there are various aspects that cut across the many leadership models and traits, for instance, commitment, drive, passion, empowerment, decisiveness and resilience. (Bennis, 2002).   In order to clearly demonstrate leadership in business this paper will focus on AT T Network manager Thomas Reeds who is arguable a role model in the leadership circles. His leadership approach is both influenced and inspiring and later in the paper a few examples will be used to demonstrate why is make this claim. Jack Welch commands attention in corporate leadership circles as his visionary leadership revived the corporations in the US during 1980 and to date; his philosophies continue to transform during ordinary companies to legendary companies Thomas Reeds.   Follows in the footsteps of this great CEO and his leadership approach is always transformational. His ability to inspire and energize followers to a certain direction in achieving the company’s goals is brilliant. Some, how he aligns corporate strategies to daily operations of employees and clarifies issues to the employees that they get a greater picture of what is expected. In this way, he excites and ingrains commitment of employees to future goals. More to that, his emphasis on transactional aspects of leaders i.e. more of the bread and butter is also manifests in his leadership approach. This is seen in the way he encourages a give and take ‘win win’ situation in leadership. Employees are regarded for meeting targets and compliance to aligned expectations. His two years in that post has generated ATT a neat amount of profits which is deemed to continue. Thomas may sound like a larger than life person and possible act as such. However, his ability to combine humility and deep passionate will fro success is almost paradoxical. He’s is truly a level 5 leader. By level 5 leaders it means a leader who has reached the highest hierarchal level of his leadership capabilities and has been able to lead a company from a good to a great company with substantial sustained excellence (Morris, 2006). Admittedly, the improved status of ATT company has not been a function of Thomas Reed’s leadership approach alone, but rather he has used his influence it ensure that other factors necessary to transform AT T are present in the company, the right organization culture and strategic resources among others. He has been at the helm of it all. Leadership is not about showing off what one can but actually doing if so that others can see what ought to be done and how it is done. This is what Thomas Reeds always says. His dressing and happy demeanor can almost make one mistake him for an intern. He mingle with the employees at ATT to know what their views are and get input on what needs to   be improved or changed. This is not to say that Thomas Reeds is one to joke around with. His unpretentious and vicious determination in life also makes him a person to stand up to be counted. Most times, it is possible to find Thomas sharing his early life experiences with other aspiring leaders under his stewardship of how he grew up in the firm, struggled through college and university to where he is now. His experiences are always refreshing and empowering and it is not hard to notice the iron will and passion to nurture talent in his followers. He inspires them to be the best they can be. Adversities will always come your way he says but it is up to you make a firm resolve to stay ahead or hang in there rather than quite. Seemingly, tough times cut out leaders to be perfect and strong. Indisputably, Thomas Reeds leadership approach has been influenced by Welch’s rules of thumb for instance, the important of erasing bureaucracy in the business ranking the customers and shareholders highly and dominating market share. These teachings applied coupled with unique attributes such as streamlining the workforce set out Thomas leadership styles as the reason behind the company’s success. Nevertheless, Thomas feels that change and dynamism in leadership is an indispensable attribute to effective leadership in today’s business environment. He is quick to note that although Welch and Sloan’s philosophies were no less than brilliant; their applicability is now wearing off. He feels that the challenges that the leadership approaches developed by the two masterminds of leadership success were designed to surmount the barriers and problem of the then times and new leadership approached need to be developed to effectively face the new challenges in the modern era. Yet he does not discount the fact that Welch techniques are still usable and can contribute immensely in the success of a company. Leadership inspires people or rather captures the minds and souls of people. According to writers Goffee and Jones (2000) leadership is about results yet at the same time is not only about performance but also meaning. True to this expression, it is impossible to excite people to extraordinary levels without enabling them first see the meaning and worth behind the actions. In this case extemporary leadership doubles performance and perhaps this is what makes companies with great leaders excel differently from the ones that merely have ok leaders. This they do by making performance meaningful. (Goffee Jones, 2000). Given this insight a critical look at ATT Network manger, Thomas Reeds leadership approach, it is evident that he makes his employees or followers find meaning in their endeavors. This is done in such a way that corporate strategies are translated ot actionable plans and particularly daily task of the employees such that the change and improved performance starts from the bottom to the top. After board meetings with corporate committees, Thomas Reeds goes out his own way ot call for separate meetings with different groups of staff to discuss how the corporate strategies affect them and how the staff stand to benefit from implementing the objectives of the company. This has helped ATT workforce to achieve meaning and ultimately commitment to outstanding performance. While others may think of Thomas’ strategy as labored and draining, Thomas feels that it is a necessary price to pay if a leader is ot see any result of his actions. It is also at this time that a leader’s qualities and passion for distinction and excellence is tested. Notable, there are leaders and then there are authentic leaders. This leads to the quest of finding authentic leadership in ATT manager Thomas. Authentic leaders are selfless yet are not afraid to express the self, morally guided rationality and nit merely instrumental reasoning whereby the end justifies the means among others. From my countable contacts with Thomas, it is evident that his selfless nature as well as stoic philosophy of detaching one self fro unethical practices and pitfalls. In disguise clarify his authenticity as a leader. Welch exemplifies the principles of leadership quite well, for instance, he was well versed in the employees tasks and his own duties. In addition, he harnessed the need to be on the look out for new opportunities that could lead GE to new heights and where things went awry; he was not shy to take responsibility for his actions other than seeking a scapegoat. According to Welch, the important thing is to analyze the situation, correct it if possible or find lesson/s from it and then proceeds to the next challenge with courage and better knowledge. In leadership position, decisions are made every time and a leader should be capable of making timely and accurate decisions fast if it is to have any impact. This Welch had mastered. Leadership is all about looking out for the well being of the workforce, keeping them informed as well as leading by example. It is evident that Welch exemplified these traits too. Conclusion It is not uncommon to hear people say that they want to be more effective leaders. Great leaders are made better through practice and years of learning from previous successes and failures. The challenge therefore is for young aspiring leaders to build in the basics lend by the outstanding leaders such as Welch and Sloan and most of all have commitment and passion to charting extemporary leadership which, who knows might be   a legend for future generations. References Bennis, W. (2002). Will the legacy live on? The Harvard Business Review, 80(2), 95-100 Collingwood, H., Couto, D.L. (2002). Jack on jack. The Harvard Business Review, 80(2), 88-94 Collins, J. (2001). Level 5 leadership: the triumph of humility and fierce resolve. Harvard Business Review, 79(1), 67-76 Goffee, R. Jones, G. (2000). Why should anyone be led by you? Harvard Business review, 78(5), 62-70. Morris, B. (2006). Tearing up the Jack Welch playbook. Fortune. http://money.cnn.com/2006/07/10/magazines/fortue/rules.fortune/ Think exist.com Famous Quotes. Retrieved on October 24, 2007 from World Wide Web   Ã‚  Ã‚   http://www.thinkexist.com/ How to cite Leadership Models in Action, Essay examples

Big cereal companies free essay sample

†¢What are the barriers to entry in the RTE (ready to eat) cereal industry? †¢Market concentration and big players extremely powerful and profitable. †¢Restrained competition by the big three by unwritten agreements to limit in pack premiums; tread dealing (one brand at a time for each company); and vitamin – fortification †¢Economics of scale in production and advertising †¢Slots in the supermarket and negotiation by volume and discounts †¢Three big cereal companies: Kellogg, General Mills and Philip Morris †¢When: 1994 †¢What: for the first time decrease of sales. Before this avoided destructive head to head competition. †¢Used to be a very closed market and even considered monopolistic. †¢Big margins, easy to negotiate and volume for retailers among other things made it difficult for new companies to enter the market. †¢1% of gross sales (80 millions) used for RD. †¢Distribution to centers. Buy space at retailers (could go up to 1 million) when introducing a new brand. We will write a custom essay sample on Big cereal companies or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page †¢Expansion from 96 – 2000 20% by entering superstore centers (Walmart with discounts) †¢Advertising and use of coupons†¦ cereals seen as a luxury item with the high prices according to consumers. †¢New products developed (expansion of brands or new creations). Also co-brand deals †¢Kellogg: 35% of market share, leader. It has cereals, waffles (eggo), toaster pastries (pop-tarts) and granola bars. †¢General Mills had 24.3% of market share (food company). Cereal division was its largest division (30% of revenues) followed by restaurants, packaged food goods like frozen see food. †¢Philip Morris: 60 billion consumer packaged goods company (half from food and half from beer). Acquired Nabisco †¢Quaker Oats: leader with 65% of the hot cereal industry. †¢Ralston: pet food, batteries manufacturing (everyday and energizer), soy protein, operator of ski resorts, polymer products, etc. Produced 50% of the private label cereals. Private Label Thread †¢Grew 50% from 91-96 (9.2% of all cereal sales) †¢Low price (40% less than the big 3) †¢Offered better margins for the retailers †¢90’s change, they used to suffer from poor quality and limited production before. Costs where cheaper because they focused on simpler cereals no RD, packages also cheap. †¢Malt-O-Meal’s competition of private label †¢Is the recent decrease in profitability a temporary phenomenon or a permanent change in industry profitability? †¢It is a permanent change thanks to the market penetration and growth the companies are having. Also it is important to mention that people, according to the text, view cereal not as a luxury item but as something basic. They rather pay less than buy for a more elaborated cereal. †¢How should Kellogg compete with the white-label firms? †¢I believe Kellogg should diversify their products and make a premium line and a more basic with lower prices but with Kellogg quality.