Leadership Empowerment Principle

The leader manifests an important role in each group or organization. He has the main objective of directing and leading the group towards the effective and efficient accomplishment and achievement of their tasks and common interest. He acts as the mediator and the source of power or command inside the group or organization for the management aspect of the diversity, individuality, and unity of each member for the processing and delegation of their different tasks and responsibilities. In general, the leader manifest as the core and central unit of the group making his the head element towards the realization and achievement of their common interest. In the contemporary perspective of group management, the aspect of leadership can be achieve and realize inside the group through different approaches each focusing on a certain aspect in the said aspect. Each leader is uniquely characterized by their specific style and nature of approach towards their purpose inside the group or organization. Every particular leader particularly focuses on a specific element on his leadership style which he views to be important and beneficial to the agenda of managing his group. This certain leadership style can be acknowledged through the realization of the elements he employs in managing his group and its influence to the effectiveness of their organization. In the aspect of realizing the leadership style for self-assessment, the author of this paper particularly examined specific points and elements for the assessment of his leadership style and the effectiveness of his approach. Based form the specific element highlighted in his approach, the author of this paper has realized the certain qualities in his leadership approach and the specific aspect he needs further development for greater effectiveness. From this assessment, the author of this paper has particularly learned the certain strength in his qualities namely the Chain of Command approach in leadership. In this quality, the author of this paper acknowledges that he finds certain strength in developing a sole authority for decision making and setting himself apart from the group for the chain of command. Through which that he is able to effectively manage his member and delegate the specific tasks necessary in their process. As also viewed in this assessment, the author of this paper also expresses interest in developing on the qualities of the centralized leadership particularly on developing group communication elements necessary for this approach. This leader particularly sees an opening for improvement in this aspect to develop an organization environment wherein he is a member but also the leader that directs everyone’s activities. Further on assessment, the author of this paper realizes that his style is best characterized as a partnership approach towards group management wherein aside from being the one with sole authority, he is also the supporter, coach and facilitator for each member’s activities. His style is to communicate and coordinate the activity of the group through imposing several tasks and responsibilities for each member particularly on the decision-making aspect. Thus, each member has their own tasks, responsibility, and specific decision taking part as co-leaders and members in the group. In particular, the author of this paper has the style of sharing the responsibility with the members and acting out as the supporter and facilitator for them. This style is also manifested by the author of this paper as part of his interest of developing a highly empowered leadership style in the group wherein the members are self-directed and has the full ownership of their tasks and most aspect of their jobs. The current approach of the author of this paper is mainly included as the initial step in developing the said approach wherein he is training the member to become independent on their responsibilities with the leader acting as the supporter and the coordinator for the organization tasks. This is mainly implemented on the interest of focusing more attention to the external forces and elements in the group as the members have already became self-directed and responsible for their group activity. Indeed, the leadership style and approach of each person is important as the effectiveness and efficiency of this aspect and the entire group process relies on the management and directing approach of their leader. Each style or approach has its respective element which is highlighted in the process towards the development of its effective application in the group. The effectiveness of this style relies on the characterizing factors and elements of the group, the issues that the organization must face, and the application approach of the leader which must be inclined towards the achievement and realization of the common good and interest of the entire organization. Bibliography Ohio Literacy Resources Center. Transformative Leadership: Leadership Development. http://literacy.kent.edu/Oasis/Leadership/over2.htm#lead. November 30, 2007. Â  

International Business and Global Strategy Essay

In-Depth Market Analysis of two target markets: China and Argentina China is a great world exporter receiving large amounts of foreign investment and is a member of the World Trade Organization (WTO). Entering the market therefore will be easier than when China was not part of the WTO. According to The World Fact Book (2010) by 2009, China had a population of 1. 34 billion. Although its population growth is not very high at 0. 49, the population is the highest in the world and provides for ample market for Body Shop International Plc (BSI plc. ). China has an income distribution of 51. 10. This indicates that the distribution of purchasing power is standardized. BSI plc does not have to specialize in its clientele and can anticipate a wide market for its products. China’s mean age stands at 35. 2. In the age demographics, China’s largest age bracket is the 15-64 yeas age category. This makes up for 71. 9% of the population as in 2008 where men were estimated at 491,513,378 and women at 465,020,030 (The World Fact Book. 2010). For BSI plc this creates a large market since beauty products are usually consumed by this age group. In terms of education, China population is educated with a literacy rate of 92% (The World Fact Book. 010) . The overall enrollment for elementary, secondary and higher education is at 69. 1. This is a good indicator that beauty products would be well received and are a part of the population that can appreciate its use. China’s growth of the Gross Domestic Product (GDP) was at 8. 70 in 2009. This GDP has been on a rising trajectory and is expected to continue as China continues to rise as an economic power. This provides for a secure market with good financial indicators that investment would respond favorably and quickly. The per capita gross income at 6600. 0 is also high making it easier for BSI plc to invest widely. The disposable income at 2. 60 represents a China’s purchasing power. BSI plc would be able to promote its products and the conditions are favorable for household spending. The continued rise in GDP growth will increase the spending habits of the population as the disposable income becomes more elastic. Inflation would negatively affect BSI plc and that is why the low inflation rate in China provides for market security against rising of prices. In china the population has continued to increase its cosmetics buying. At 46. 80 the population indicates a sizable spending on cosmetics. This creates a potential for BSI plc to garner a market share. China presents some difficulties in terms of ease of conducting business and economic freedom. However, foreign investment is still welcome and the government has opened the doors for foreign investment. Argentina is one of the countries in South America that have been experiencing economic growth. It therefore presents itself as a great target market. Its population of in 2009 was 40. 1 Million. The population growth is not very high at 1. 17 but the country has a viable market population. Argentina has an income distribution of 51. 90. This indicates that the distribution of purchasing power is high and standardized. BSI plc therefore can anticipate a wide market for its products without having to cater for a specialize clientele. Argentina’s mean age stands at 30. In the age demographics, Argentina’s largest age bracket is the 15-64 years at 63. 5% with the men standing at 12,961,725 while the women stand at 13,029,265 (The World Fact Book. 2010). For BSI plc this creates a large market since beauty products are usually consumed by this age group. According to The World Fact Book (2010) Argentina population is educated with a literacy rate of 97. %. This is a good indicator that beauty products would be well received and are a part of the population that can appreciate its use. Argentina’s growth of the Gross Domestic Product (GDP) was at 0. 20 in 2009. This GDP is low. This provides for a less secure market whereby BSI plc’s investment may take longer to respond favorably and quickly. Despite the global economic crisis Argentina and most of the Latin America were not acutely affected. The per capita gross income at 10200. 0 is also high making it easier for BSI plc to invest widely. The disposable income at 1. 0 represents a moderate purchasing power for Argentina. BSI plc would be able to promote its products as the conditions give room for moderate household spending. Inflation would which would negatively affect BSI plc stands at 4. 20. In Argentina spending on cosmetics has also increased although it is at 25. 40. This means BSI plc still has potential to make an investment in Argentina’s existing market. At 127. 0 Argentina represents favorable ease with which BSI plc can do business in Argentina. It also has good economic freedom. Foreign investment is welcome. Contacts and Competitive Analysis  Contacts are important in that they would allow BSI plc to gather information that is relevant to its venture. That is why the chamber of commerce assists foreign companies conducting business their country. It also offers its members relevant business contacts and information about Argentina. Through events and opportunities the Chamber also enables businesses to meet with government officials and key players thus facilitating relations. Contact with the ministry of foreign affairs is also important to BSI plc. The ministry is responsible for trade agreements and policies. By having the Ministry’s contacts, BSI plc can make necessary plans to attend and benefit from the ministry’s consular and diplomatic activities. As the ministry seeks businesses and companies that would increase investment in their country, BSI plc would have an opportunity to market itself to the target countries. Contacts of possible suppliers, importers and buyers are helpful so that a company can establish business relations within the industry. The choice of Alibaba Company is ideal in that it is a recognizable global distributor with very strong financial and corporate growth according to Alibaba. om. (1999-2010). China Target Market potential The market potential in China is quite high at 2530500000. This is calculated from number of potential consumers, the frequency with which the consumers buy in a year and the price of the product. This represents the potential of the cosmetic industry in China which BSI plc targets. Company Sales Potential BSI plc sales potential is dependent on the market share it will capture out of the potential market. If BSI plc secures a market share of 13. 5 %, it will estimate whether it can meet the demand of its target. Competitors Analysis  Lush Company provides competition for BSI plc. According to Lush (19950-2010) its main product is body butter. The location of its headquarters is in China providing it with advantages of proximity. BSI plc is localized and thus there are policies that favor it against foreign companies. This helps it keep its prices affordable. Lush has been in business for the past 32 years giving it long experience in the industry. Lush Company caters to the local market in China and has specialized in the product demands of the local population and tailored the product to suit the particular needs of the Chinese target market. Its employees number 1200 giving it good human resource. Lush has also invested in e-commerce offering customers its products even where it does not have retails and wholesaler stores. They vary their prices in response to the market. In their promotion strategy Lush aims to protect its reputation and maintain its image. Their products they have chosen to use to promote the quality of their product is care butter, Tuca &Tuca perfume, Tuca& Tuca massage oil, and Black stocking. Regulatory Environment for the industry In China, the regulatory environment would regulate cosmetic products. This is because although a company would use the Automatic import licensing granting its cosmetics products freedom from import controls, the importation of materials like plastic need monitoring. FDI regulations and implications for BSI plc China is becoming the greatest receipient of FDI and as such it is poised for economic growth and increased capital that places BSI plc in a great position for growth if it makes investment. The government regulates foreign investment according to WTO regulations and its economic goals where China is now quite open to and is keen to attract foreign investors. Argentina Target Market potential The market potential in Argentina is high at 41250000. This is calculated from number of potential consumers, the frequency with which the consumers buy in a year and the price of the product. This represents the potential of the cosmetic industry in Argentina. Company Sales Potential BSI plc sales potential is dependent on the market share it will capture out of the potential market. If BSI plc secures a market share of 3. 5 %, it will estimate whether it can meet the demand of its target. Competitors Analysis L’ Occitane Company provides competition for BSI plc. Its main product is mini shea butter/L’ Occitane body toner. According to The body Shop (2009) BSI plc deals with sweet almond oil in its moisturizers. The location of its headquarters is in Argentina providing it with advantages of proximity. BSI plc is localized and thus there are policies that favor it against foreign companies. This helps it keep its prices affordable. L’ Occitane has been in business for the past 34 years giving it long experience in the industry. L’ Occitane Company caters to the local market in Argentina and has specialized in the product demands of the local population and tailored the product to suit the particular needs of the Argentinean target market. Its employees number 2000 giving it great human resource. L’ Occitane has also invested in e-commerce offering customers its products even where it does not have retails and wholesaler stores. They vary their prices in response to the market. L’ Occitane uses advertising, personal sale and product promotions as its promotional strategy. The products it uses include shea cocoa butter, Almont body care, verbena liquid soup honey and lemon scented and summer Travil Hair care. Its target market is 14 years and above both male and female. Regulatory Environment for the industry In Argentina, one of the key regulations would be in business conduct and tradition. Companies have to publish their Technical barriers to trade (TBT) measures. It contains duty and obligations related to the business and operation of TBT investigation Points. Companies have to confirm their recognition of the Code of Good Practice. Argentina the Bureau of Customs is the governmental agency is strict in the enforcement of the tariff and Customs laws and regulations. Importation of goods is governed by a numerous of import policy. FDI regulations and implications for BSI plc Argentina is currently not attracting much foreign investment due to its slow economic development and inflation rate. Although the government is using the WTO regulations and working hard to increase investment, there is difficulty for foreign companies because of high interest rates.

George and Lennie Comparison Essay

George and Lennie, two extraordinary characters in Of Mice and Men, Similar yet very different. Both Lennie and George rely on their friendship to survive. Lennie depends on his friendship with George to make the correct desisions. George relies on the friendship he has with Lennie in order to plan for the future. While Lennie depends on George, in some ways George depends on Lennie. For example, despite George’s impatience and annoyance with Lennie, and his remarks about how easy his life would be without him, George would lead a much harder life. George always explains to Lennie what is correct and incorrect and makes sure that Lennie behaves. Finally, in order for George to have a future in mind, George needs Lennie. George and Lenny both shared the same type of hard work, and both of them lacked friendship in their lives. Both George and Lenny want something more in life – they are both dreamers. Their similarities lay below the surface where they appear different. George is a small, quick man with well-defined features. A migrant ranch worker, George dreamt of one day saving enough money to buy his own place and be his own boss, living off of the land. The hindrance to his objective is his mentally handicapped companion, Lennie, with whom he has traveled and worked since Lennie’s Aunt Clara, whom George knew, died. The majority of George’s energy is devoted to looking after Lennie, whose blunders prevent George from working toward his dream, or even living the life of a normal rancher. Thus, George’s conflict arises in Lennie, to whom he has the ties of long- time companionship that he so often yearns to break in order to live the life of which he dreams. This tension strains George into demonstrating various emotions, ranging from anger to patience to sadness to pride and to hope. George’s companion, the source of the novel’s conflict. Lennie, enormous, ungainly, and mentally slow, is George’s polar opposite both mentally and physically. Lennie’s ignorance and innocence and helplessness, his childish actions, such as his desire to pet soft things, contrast his physical bulk, making him likeable to readers. Although devoid of cruel intentions, Lennie’s stupidity and carelessness cause him to unwittingly harm animals and people, which creates trouble for both him and George. Lennie is tirelessly devoted to George and delights in hearing him tell of the dream of having a farm, but he does not desire the dream of the American worker in the same way that George does. His understanding of George’s dream is more childish and he grows excited at the possibility of tending the future rabbits, most likely because it will afford him a chance to pet their soft hides as much as he wishes. Nevertheless, a dream is a dream, different for everyone, and George and Lennie share the similar attribute of desiring what they haven’t got. Lennie, however, is helpless to attain his dream, and remains a static character throughout, relying on George to fuel is hope and save him from trouble

Strategic Supply Chain Management in United Arab Emirates Research Paper

Strategic Supply Chain Management in United Arab Emirates - Research Paper Example Strategic supply chain management is a new concept that majority of companies with strategic objectives of growth and future continuity and sustainability cannot ignore or under-value. Likewise, companies in UAE are actively being influenced by forces of globalization and as a result, there is increased attention to operate within frameworks of reduced costs, enhanced customer satisfaction, productive cooperation, and collaboration among suppliers, and short lead-time together with decreased inventories. Adoption and implementation of Collaborative Planning Forecasting and Replenishment (CPFR) as supply chain practice in other parts of the world has proved successful and as a result, it is deemed that such an endeavor in Gulf Extrusions Company Ltd will yield numerous benefits as far as supply chain needs of the company are involved. Major objective of this research report is to assess and elaborate on the most effective way adoption and implementation of Collaborative Planning Forec asting and Replenishment (CPFR) supply practice can be achieved at Gulf Extrusions Company Ltd. As a result, detailed analysis of CPFR will be carried out with regard to Strategic supply chain goals of the company.Overview of Gulf Extrusion Company Ltd  Gulf Extrusion is located in the hub-business center of Dubai, in the United Arab Emirates. It was established in 1978 and remains part of the Al Ghurair Group of Companies (Gulf Extrusion n.d). Over the years, the company has evolved.

Managing Exchange Rate Risk Research Paper Example | Topics and Well Written Essays - 5750 words

Managing Exchange Rate Risk - Research Paper Example The article focusses on different types of currency markets. Thereafter it moves to analyze the determining factors of the impact of foreign exchange rate fluctuations. Next, the article concentrates on analyzing the different type of foreign exchange rate risks and their impact on firms as well as the economy. The paper also provides some remedial measures or risk neutralizing strategies (popularised as hedging). The article provides a brief description of UAE dirham and the consequences it has faced so far due to this fixation with USD. After having some words on the current volatility of foreign exchange in recent times the article provides a note of caution on the future transaction and a conclusion. This is the era of globalization. Trade is now considered as the engine of growth and the massive increase in global trade volume is a true mark of that. The neo liberals portrays trade as a blessing, but international trade has its own share of evils as well. International trade generally exposes a country to outside risks. This risk comes in terms of demand and supplies side shock as well as the movement of the exchange rate. Exchange rate movement becomes important as international trade transactions involves two different types of currency at a time. Without a one-to-one parity, their numerical relation is bound to change over time depending upon the economic condition, the politial and social unrest and the exposure to other kinds of risks such as terrorist attacks. Standing at this position, exchange rate risk management is a very important decision making action on behalf of every firm and economy. Through this, a firm decides its level of currency exposure. Exchange rate risk stands for the unexpected change in exchange rate affecting the value of the firm. It has been found that exchange rate fluctuations impose both direct and indirect loss in the firm’s cash flows, assets and liabilities; net profits and these entire combine in course of time, affecting the stock price of the firm. Previously, it was mostly the MNCs who were exposed to exchange rate fluctuation risk, but as the world moved towards the path of globalization even the indigenous firms started to feel the heat of such risks. MNCs are the main participants in the currency market and they are not left with many choices because of the nature of their international transactions. On the other hand, the economy itself consisting several firms gets exposed to a greater risk of exchange rate fluctuations as for the economy (all the firms it contains), the risk of the firms get cumulated and stand for the risk faced by the economy.