Free Essays on Leadership & Technology

Leadership and Spirituality While the study of leadership has been dominated by situational approaches for the past three decades (Fiedler, 1967; House, 1971; Kerr and Jermier, 1978; Howell and Dorfman, 1981; Schriesheim, Neider, Scandura, 1998; Shamir and Howell, 1999; Yukl, 1998), little of the transformational leadership research and theory has considered situational moderators. A variety of situational aspects are covered by these theories, including leader member relations, task structure, leader position power, follower ability level, follower locus of control, and follower authoritarianism. With the exception of the work of Howell and Avolio (1993) and Keller (1992), situational moderators of the effectiveness of transformational leadership have not been thoroughly examined. We do not contend that situational moderators are of greater significance for transformational leadership than for other leadership constructs; however, we believe that the role of situational moderators for transformational leadersh ip is sufficient to require further research. We address two important leadership questions. Is transformational leadership universally effective or are there situational moderators, which augment or limit its effectiveness? Is transformational leadership more appropriately viewed in terms of individual-level analyses or of multi-level analyses? First, we examine the literature on the potential moderators within the transformational leadership paradigm and on the appropriate level of analysis for transformational leadership. The present research examines the potential moderator effects of the need for autonomy and of growth need strength. In addition, we examine whether transformational leaders adapt their behaviors to different subordinates or behave the same way with all of them. Building on the work of Burns (1978), Bass (1985) defined transformational leadership and established a measurement instrument for the constru... Free Essays on Leadership & Technology Free Essays on Leadership & Technology Leadership and Spirituality While the study of leadership has been dominated by situational approaches for the past three decades (Fiedler, 1967; House, 1971; Kerr and Jermier, 1978; Howell and Dorfman, 1981; Schriesheim, Neider, Scandura, 1998; Shamir and Howell, 1999; Yukl, 1998), little of the transformational leadership research and theory has considered situational moderators. A variety of situational aspects are covered by these theories, including leader member relations, task structure, leader position power, follower ability level, follower locus of control, and follower authoritarianism. With the exception of the work of Howell and Avolio (1993) and Keller (1992), situational moderators of the effectiveness of transformational leadership have not been thoroughly examined. We do not contend that situational moderators are of greater significance for transformational leadership than for other leadership constructs; however, we believe that the role of situational moderators for transformational leadersh ip is sufficient to require further research. We address two important leadership questions. Is transformational leadership universally effective or are there situational moderators, which augment or limit its effectiveness? Is transformational leadership more appropriately viewed in terms of individual-level analyses or of multi-level analyses? First, we examine the literature on the potential moderators within the transformational leadership paradigm and on the appropriate level of analysis for transformational leadership. The present research examines the potential moderator effects of the need for autonomy and of growth need strength. In addition, we examine whether transformational leaders adapt their behaviors to different subordinates or behave the same way with all of them. Building on the work of Burns (1978), Bass (1985) defined transformational leadership and established a measurement instrument for the constru...

The Crucible By Arthur Miller †Theatre Essay

The Crucible By Arthur Miller – Theatre Essay Free Online Research Papers There are a number of characters of interest in the play the â€Å"Crucible†, by Arthur Miller, but one of the most interesting for me is Thomas Putnam. I think, he is a static hero. At the beginning of the play we know that Thomas Putnam was the eldest son of the richest man in the village. He had fought the Indians at Narragansett, and was deeply interested in parish affairs. He undoubtedly felt it poor payment that the village should so blatantly disregard his brother for one of its more important offices, especially since he regarded himself as the intellectual superior of most of the people around him. He had good facilities for life and he was a smart man who thought only about himself. His vindictive nature was demonstrated long before the witchcraft began. Thomas and his brother John had Burroughs jailed for debts the man did not owe. Putnam felt that his own name and the honor of his family had been tarnished by the village, and he meant to right matters however he could. He also attempted to break his father’s will, which left a disproportionate amount to a stepbrother. As with every other public cause in which he tried to force his way, he failed in this. So it is not surprising to find that so many accusations against people are in the handwriting of Thomas Putnam, or that his name is so often found as a witness corroborating the supernatural testimony, or that his daughter led the crying-out at the most opportune junctures of the trials. He was the selfish man from the very beginning of his life and he doesn’t stop on his way of getting as much money as possible when accusations of witch trials started. Tomas Putnam is not the key character of the play and it is even more interesting for me. He doesn’t play a big role in moving the plot of the story along, but his role of additional character is shown very well. I think that the author wanted to show us an intelligent and selfish person who will always follow his way, no matter what. This situation is very vital for our society today. People take care about themselves and their plans, and not paying any attention to other people’s lives and life that don’t involve money or personal satisfaction in it. Thomas Putnam is thinking only about himself and he plays the role of the machine that wants to get money and only money. He doesn’t care about his family and witchcraft in the village as long as it doesn’t bother his reputation and wallet. Thomas doesn’t want to worry and believe in witchcraft when Betty become sick, because it will leave a blemish on his good name. He is talking about his status in the village and respect, when he should care about her health and other things that happen around him. Putnam is ready to fight and kill a person for the land and forest on a property that he claims his property. He says: †You load one oak of mine and you will fight to drag it home!† It also shows his selfishness. Thomas thinks that he is a very important person on the village, but people don’t care about him a lot. They didn’t support his brother in the elections when he thought they were going to win. Thomas Putnam is also trying to make o ther people behave themselves the same way he is and put himself in better situation. He said that he’s never heard Proctor worried about society. He is telling this to make people think bad about everyone else except him. Also Thomas is afraid of authority. He doesn’t want any kind of troubles and arguments with the Court. He would better sign any papers, confess or accuse anybody in witchcraft then have any argument with anybody, who is stronger than he is. All these events don’t change Putnam’s view of life. They play a big role in his life, because he can make plans and fight for his interests against his enemies accusing them in witchcraft and giving the â€Å"evidence† to the court. Thomas doesn’t change through the play. Putnam was a selfish man at the very beginning and at the end he is thinking about his own interest. He even made his own daughter cry about witches and witchcraft, just to get the cheap land from people who are in jail. In the court he denies that he did that, but people already know. So, everything he does, he does to become a wealthy man, to get more money and get respect in the village. Thoughts about money is the engine inside his head that makes him live with one physical aim, to get this financial advantage on people. He is a contradiction to Proctor and Rebecca Nurse who decided to give their physical life for the truth and wait for the real court in heaven with God. Thomas Putnam is not a key character. Play can be without him, but I think it wouldn’t be that successful. Even though plot of the story can develop without him, Thomas Putnam plays a big role in balancing and contradicting characters, so the reader can actually see and understand what the author wants to show us. His role in the book and in his life is small and not vital, but very important for understanding details of the story and adding â€Å"color† to the play and â€Å"Crucible† world. Research Papers on The Crucible By Arthur Miller - Theatre EssayHonest Iagos Truth through DeceptionHarry Potter and the Deathly Hallows EssayThe Effects of Illegal ImmigrationWhere Wild and West MeetBook Review on The Autobiography of Malcolm X19 Century Society: A Deeply Divided EraCapital PunishmentTrailblazing by Eric AndersonTwilight of the UAWInfluences of Socio-Economic Status of Married Males

Book exploration of Thomas Conlan, State of War Essay

Book exploration of Thomas Conlan, State of War - Essay Example Perhaps a 14th century Japanese warrior would not be pleased regarding the revived concept of the Unknown Soldier. Just the state of being a warrior was a source of fame, recognition, and glory for the warrior symbolizing a high position within the society. If one’s efforts in war were to be left unnoticed, it would be similar to being unappreciated by others for his â€Å"brave† acts on the battlefield. In his book State of War, the author Thomas Conlan recreates the concept of soldiery in the traditional 14th century setting of Japanese history. It explains the aspect of a Japanese warrior as a soldier far from his ideals. The book presents a very contrasting perspective of what is generally accepted and assumed about Japanese warriors. While doing so, he demonstrated the reality of how states and societies actually functioned in the presence of a warrior system. Thus, the book presents an analysis of 14th century soldiery by analyzing the casualty records of the cent ury. War had been for ages masked its brutalities in order to hide its real essence. War became a source of unnecessary attention meant to earn recognition and fame by employing methods to be noticed among the huge army. Several accounts give a description of warriors coming on dyed horses of vibrant colors intentionally done so to be noticed from far behind (Conlan, 18). This form of a showy self-promotion was merely meant to get oneself recognized among his enemies for an image of high status. Conlan (13) presents the real experiences of wars in his book which reflect the true nature of wars and the motives of warrior to use the war as a platform to rise in the minds of people. A historical account of a war provides details which affirm the flamboyant nature of warriors who were rewarded with great extravagances for displaying their supposedly courageous actions on the battlefields. All efforts made after the war glorified the soldiers who took part

Trade Analysis between Brazil and the USA Term Paper

Trade Analysis between Brazil and the USA - Term Paper Example creation of Southern Common Market and participated in the formation of the G-20 as a coalition to represent developing countries in the World trade organization negotiations. Brazil works bi-laterally with the U.S due to her influence in the trade groups. She also co-chairs the Free Trade Area of the Americas (FTAA) negotiations as with the U.S. Indeed for the two countries, closer ties serve advantageously both economically and politically. There is mutual benefit when there are good trade relations and the partners have stable political governance. Political stability of any country greatly determines the economic performance of the country. This is evident from the economic recession experienced by the two countries during the Word War II. Economic ties in the U.S and Brazil are much dependent on the two-way trade that is far much empowered by the World Trade Organization. Additional resources and economic growth are the direct benefits realized by the countries in relation to ex port-import trade relations (Schott, 2003, p 2). US recorded the highest imports from and exports to Brazil in the year 1997. However, a sharp decline was noted in 2002 due to the financial crisis experienced in Brazil. A contrast was sited as US imports from Brazil rose in 2002 than in 1997. Bilateral trade between U.S and Brazil has grown rapidly since 1992. The US had commendable trade surplus with Brazil between 1990’s and 2002 when she recorded a drastic merchandise trade deficit with Brazil. United States’ basic exports comprise of industrial manufactured goods such as electric machinery, air crafts and computers. On the other hand, she relies on imports from Brazil that comprise of steel, iron, footwear and mineral fuels. Approximately about 70% of United States’ exports to... In Brazil and the United States, closer ties majorly brought about by the trade relations serve both for economic and political reasons. The two countries have common objectives in trade. Opening markets is beneficial to both boosting innovation and competition. They both have a role to play in order to deepen their trade relations especially bilateral. The success of trade negotiation in WTO and in the hemisphere largely depends on them. An increment in trade and investment in both countries will lead to boosted employment and income. This would also lead to greater cooperation politically, culturally and economically in the hemisphere. Brazil and the U.S both share a role to play in order to deepen their bilateral relations. They have a challenge to ensure better results for their citizen and entire trading block partners (Schott, 2003, p22- 23). Free trade is an essential emerging aspect in these countries’ trade. However, Brazil is still a way off to understanding the benefits associated to the trade and thus is yet to open up her boundaries for the trade. Countries adopt trade policies at will and this explains the difference in trade liberalization between the United States and Brazil. Bilateral and regional trade agreements have put the United States at an advantage in trade relation to Brazil. Prospects are good over future trade relations going with the current signing of trade agreements to enhance mutual trade. It is also crucial that these two countries maintains and develops the already established trade partnership for the well being of the two economies.

Present, Review and Analize anOrganization Research Paper

Present, Review and Analize anOrganization - Research Paper Example GMC became a part of General Motors incorporated in 2009. GMC has incorporated strong operational and financial policies after a short period of losses and has reverted back to high profits in 2010 after a strong audit over its financial and accounting policies. 1) Identify the core functions of each department, their strengths and weaknesses, and make recommendations for improvement, as appropriate. GMC is world’s largest automobile manufacturing company based in the US. It provides employment opportunity to more than 200,00 people. They manufacture cars and trucks under many brand names. Marketing is an important activity for all firms. Regarding the marketing department of GMC, they have their presence all over the world. Besides, they are one of the leading brands in automobile industry and this is an opportunity for them. They have goodwill and reputation among customers. Though the competition in this field is stiff, they are in a position to tap their good will and repu tation to exploit the opportunity and can convert to sales. They also have some threats because they are facing a severe competition from Hyundai, Honda, and Toyota etc. As a marketing strategy they are still using celebrity. However, it appears that using social advertisements media and internet marketing will be helpful to cover a wider segment of audience. Their Sales Department focuses on expanding their sales and wants to maintain existing volume. GMC has registered good sales figures at this time and this is a good opportunity for them to expand the market. Globalization and the subsequent economic in many countries have boosted vehicle market all over the world and GMC has potential to cash in on this opportunity. â€Å"General Motors dealers in the United States reported 214,915 total sales in July, an 8-percent gain compared to July 2010† (Sales & Production: GM U.S. Sales Increase 8 Percent in July on Cruze, Crossover Demand, 2011, para. 1). While considering the pr oduction department, they have plants in all major regions, which offers them the opportunity to capture the market easily and can reduce production cost. This is also strength for them because they will be able to easily remain in touch with customers. The accounts department of GMC controls all financial activities and for the last few years they were under the grip of financial difficulties. This had led to bankruptcy, which was a weakness for the department. However, but soon they recovered now their liquidity position in the present is good. It also needs to be appreciated that their debts have reduced considerably, which can be a major strength for future growth. 2) Identify and describe the underlying problem or conflict. During the year 2009, GMC has faced severe allegations of bankruptcy due to which they did not reveal their exact figures in the balance sheet. â€Å"The bankruptcy system is based on the theory that a debtor will make full disclosure of all assets and liab ilities so that the final disposition is in accordance with the requirements of the law† (Brown et al., 1999, p. 1). The management has tried to convince people that business is running on profit but in fact they have sustained heavy loss. Therefore, they concealed the statement of accounts and produced wrong information. The bank account of GMC was shrinking by $ 1 billion every year and this also showed that their financial

In present time Essay Example for Free

In present time Essay In present time, women have obtained more freedom to express their thoughts  and more privileges to achieve their goals. Their social status had a qualitative leap in the United States compare with the last couple of centuries; this subversion will continue lead women to enter a world which their talent and ability can be completely recognized. Different from today’s value, women who lived in previous centuries do not have the rights to do things the way they prefer. Social morality and family obligation force them to obey others and renounce independent. This inveterate principle stifled generations of women and their freedom. Both works include The Revolt of â€Å"Mother† and A New England Nun by Mary Wilkins Freeman showcased that in order for a woman to regain the pleasures in her life, she has to be intrepid and determined under certain social pressure. By descripting both characters Louisa and Sarah’s detailed inner world such as their characteristics and other social aspects such as other’s judgments, Mary Freeman provided the reader with vivid sense of equality that led the society into deep consideration and introspection of why feminism is necessary. Bothworksservedasimilarpurpose,tospreadtheconceptoffeminism,but with different approaches due to different social status of both characters in The Revolt of â€Å"Mother† and A New England Nun. Mary Freeman’s Puritan way of living had a huge impact on how she considers the world differently. In The Revolt of â€Å"Mother†, Mary Freeman portrayed a married woman, Sarah Peen, who has been serving for the 1 Sun family for forty years without any complain, had an emotional outburst about the new farm that her husband was building. Her husband, Adoniram, promised Sarah that he would build her a house when they are financially improved. Instead of building her the dream house, he planed to build another farm without informing her. She then decided to move into the new barn to live when her husband had gone out. (Freeman) In Freeman’s other work, A New England Nun, she depicted Louisa Ellis, a woman who waited for her fiancà ©Ã¢â‚¬â„¢s returning from Australia for fifteen years, had decided to end the relationship with him after she hears that he has no love to her. (Freeman) This may be an excuse for her to escape from the relationship that will eventually force her to ingratiate others and put her own needs second. However, Louisa made up her own mind and went the way she preferred. By observing the behaviors of these two characters, it is certain that both of them have their own belief and rule of life that is beyond reach. Sarah Peen wants changes in her life, changes that can overturn her current life. As the story begins, Sarah provides service for her family everyday hoping to move into a new house like her husband promised her to. (Freeman 666) Moreover, She is a woman with ideas and goals. Freeman writes, â€Å" ‘There ain’t no use talkin’, Mr. Hersey,’ says she. ‘ I’ve thought it all over an’ over, an’ I believe I’m doin’ what’s right. I’ve made it the subject of prayer, an’ it’s betwixt me an’ the Lord an’ Adoniram. There ain’t no call for nobody else to worry about it.’† (670) This is what Sarah replied to the minister when he came to convince Sarah not to disobey her husband. After 2 Sun forty years of waiting, Sarah decides that she is strong enough to take a stand for the change. She is surprisingly independent and rebellious. Her rebellion does not only exist for against her husband, but also for against the social role that she is suppose to play as a submissive wife. Even though she accepts her responsibilities as a wife and a mother, her determination and resistance to the power of tradition was never stifled. As a wife whose husband often ignores, she opposes her husband’s male dominance over hers and remains integrity, courage, and privation overall. However, Louisa Ellis from A New England Nun had an opposite lifestyle with Sarah has but the same perception of individualism. LouisaEllis,unlikeSarah,isafraidofchangesandunknowns,butshestill forwards her life regarding what others would think. Her engagement with Joe Dagget is full of uncertain. Freeman did not deliver Louisa’s remorse of engagement directly. Instead, she implied some details to inform her readers that Louisa is satisfied with her own life by enlarging her trivial acts such as using china. Freeman writes, â€Å"Louisa used china everyday – something which none of her neighbors did. They whispered about it among themselves.† (654) This indicates that Louisa lives her own quiet life and enjoys her own pleasure. All of sudden, Joe Dagget shattered Louisa’s peace, the peace that only belongs to her. Freeman writes, â€Å"He remained about an hour longer, then rose to take leave. Going out, he stumbled over a rug, and trying to recover himself, hit Louisa’s work-basket on the table, and knocked it on the floor.† (654) All his acts reminded Louisa that she has to put herself at second after their marriage and 3 Sun renounce her independent. She then realized that she wants to be who she is, not to be a wife of a man who she has less love with. She is mainly descripted as a dainty and methodical woman; she pays most of her attention to details and perfections. Therefore, after she overheard that Joe has no love to her either, she quickly made her decision that she is not going to marry Joe because she desires for remaining alone. (Freeman 661) Even though both Sarah and Louisa have similar lives, they have different characteristics. Both women have comparable lives. Louisa and Sarah both reside at rural area where men do most of the working, and women do most of the housework. (Freeman 654, 662) This is one of the reasons why both characters chose to make astonishing decisions of their own. Initially, they must identify themselves, and then make decisions regarding tradition that has been persisted for centuries. Both women are also conflicted with men in a relationship that lasted a long period of time. Louisa waited her fiancà © for fifteen years while Sarah waited forty years to move forward of her life. Eventually, they both have achieved their goals and won the victories. However, in A New England Nun, the social influence is less conscious. There is less portrayal of judgments made by other members in the society. Instead, Freeman inserted implicit approach such as Louisa’s pet, Caesar, to display how the community would tie her up in a promise of engagement. (Freeman658) Different from Louisa, the community that Sarah lived in for forty years does not allow her to determine her own life. Her husband and son ignore her by not answering her questions; the minister 4 Sun came to her house to criticize her â€Å"inappropriate† conduct; people in her community also talks about her rebellion against her husband. Freeman displayed how they treat Sarah like a woman who should not have equal rights and dignity with a straightforward picture. Consequently, the two characters Sarah Peen and Louisa Ellis in both Freeman’s work The Revolt of â€Å"Mother and A New England Nun overcame dilemmas effectively. Both stories are relevant to the concept of feminism, which is equal justice between both sexes. The endings are similar: Sarah moved to the new barn while Louisa lived her own stilled life. Their encounters influenced and united generations of women to go forward together and break rules and instructions in order to live in freedom. Works Cited Freeman, Mary. A New England Nun. The Norton Anthology of American Literature. Gen. ed. Nina Baym. 8th ed. Vol. C. New York: Norton, 2013. 653-661. Print Freeman, Mary. The Revolt of â€Å"Mother†. The Norton Anthology of American Literature. Gen. ed. Nina Baym. 8th ed. Vol. C. New York: Norton, 2013. 662- 672. Print 5

Strategic Planning Company Background Business Essay

Strategic Planning Company Background Business Essay The founder of the Hyatt Hotel was Hyatt R. Von and Jack D. Crouch. Hyatt R. Von Dehn was eager to get out of the hotel business and he sold his share in the hotel to Jay Pritzker. The name of the Hyatt came from the compromise between Jay Pritkzer and Hyatt R. von Dehn. Jay Pritzker heard about the hotel which has for sale while sitting in the coffee shop called Fat Eddies, waiting for his flight. They had a bid between them and also Jay Pritzker and Jack D. Crouch who remained partner until 1965. The Hyatt Corporation was born on September 27, 1957, at Los Angles, International Airport and the name became famous when the Hyatt chain hotel established in Atlanta in the year 1965. The name of the Hyatt became more popular when it first international chain established as Hyatt Regency in Hong Kong in 1969. In 1980, the Grand Hyatt and Park Hyatt were introduced. It has also name Resort when the Hyatt Resort introduced in Hyatt Regency Mani, in 1980. Today the numbers of Hyatt are over 340, worldwide.In December 2004, global Hyatt announced it would acquire Ameri-suites, which has suites affiliated to the Blackstone group. It is a private firm. In 2004, the Global Hyatt rebranded it name Hyatt Palace. The Global Hyatt and Hyatt palace started to provide better services like Marriott and Hilton Garden Hotels.In December 2005, Global Hyatt announced a second one called Summerfield Suites; the affiliation was the Blackstone Group. Thus, in different years, Hyatt introduced different Palace, Resorts, etc, so we can see the popularity of the chain Hotel nowadays as well. Hyatt Regency is the old Brand of the Hyatt International Hotel. In Kathmandu, Nepal, we have Hyatt regency which is Located in the Bouddha on the 4 KM far from the Tribhuvan International Airport and only 10 KM far from centre city Kathmandu. Strategic Planning: Strategic planning determines where an organization is going over the next year or more and how its going to get there. Typically, the process is organization-wide, or focused on a major function such as a division, department or other major function. Simply put, strategic planning is clarifying the overall purpose and desired results of an organization, and how those results will be achieved.(Mc Namara, September 30, 2010) Strategic Planning in any organization clearly define its strategy or direction by using its available resources, making decisions for achieving its strategy including its investment and the manpower. Many organizations can use SWOT analysis (Strengths, Weaknesses, Opportunities and Threats) in strategic planning process. It helps an organization to find out the future roadmaps, where to go. It deals with: Where are we nowà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Current situation. Where we want to beà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦..Objectives How to go thereà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦..Strategy Which is the best possible meansà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦..Tactics Who is going to do whatà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦.Activities How do we ensure safety arrival?Control Measures This is all about the Strategic planning process. If an organization is clear about its mission and vision; than it can achieve its common goals by using its available resources and by using different strategy. Strategy planning is most essential in any type of firm. Ac1.1 Explain the importance of external factors affecting on Hyatt Regency: External factors are also called the macro factors. Market environment consist of all factors that in one way or another that affects or getting affected by an organization decision. The macro factors which may affects indirectly in an organization are- -Political -Environment -Social -Technological -Economical -Legal These all the external factors that may affects in the internal environment of an organization. The interior factors like 5 Ms are Management Money Manpower Machine Material The political disorder of any country may affects in the decision making process in an organization. Similarly the unstable government may be the other factor which may affects to provide the regular service to the customers. Similarly Social factors may include life styles of the people, age, sex, income of the people, etc. The legal factors, by which legislation in society may affect the business, e.g.: changes in the working hour of the manpower, etc. The term economic affect the business in the term of Taxation of the government, demand and supply policy, interest rates, exchange rates, etc. Besides these, the technological issues may affect in the business like how rapid pace of change in production processes and production of the business. The ethical issues may include the moral lesson like what is right and what is wrong for an organization to do. It may be culture of the society, norms and values, etc. Thus, we can say that the external factors will indirectly affects in the business. In order to get success in the competitive market, an organization has to think ahead and act according to the situation of the environment. AC1.2 Analyses the needs and expectations of stakeholders of Hyatt Regency: Stakeholders are an integral part of a project. They are the end-users or clients, the people from whom requirements will be drawn, the people who will influence the design and, ultimately, the people who will reap the benefits of your completed project. (Nick Jenkins 2011) Thus, Stakeholders can be a person, customers, group of people who have direct or indirect shares in the organization. In the Hyatt Regency, there are different types of stakeholders in the Hyatt regency, who play an important role in up grating profits for an organization. Some of the stakeholders are- Customers Board of Directors Government Staffs Shareholders Suppliers Stakeholders Needs and Expectations Customers -good customer service Quality product at reasonable price -Good, warm and peace, environment Board of Directors(BOD) -high profit margin -Bonus -expansion of Business -High Turnover Government -TAX -Security deposit -Community Support(CSR) -Creating job opportunities. Staffs -Secured job -High pay rate -Promotion -Annual pay leave -Intensive and benefits Shareholders -Dividend -Bonus shares -right shares -Loan at low interest Suppliers -Loyalty -Regular supplies -Money on time. Thus different stakeholders have the different expectations and different needs, they want from an organization and thus, they are investing their money within it. So, an organization has to look after each members expectation and make them unified in order to achieve target goals. Ac1.3 Analyses the major changes taking place in the external environment that will affect strategy of Hyatt Regency: PESTLE Analysis: This is the macro environment of the company which deals with all the environments which affects the company policy. PESTLE stand for Political, Economic, Socio-Cultural, Technological, Legal and Environmental. These all are same of PEST Analysis or PESTLE Analysis. (Andrew Whalley, 2010) Political/ Legal: Environmental regulation and protection Taxation international trade Regulation These all are about political and legal issues. Government may change policies, making rules and regulation may directly affect the business. So the Hyatt Regency (a food service industry) should develop its marketing strategy according to government policy. Economic: Economy growth (overall; by industry sector) monetary policy (interest rates) government spending (overall level, Specific spending priorities) These all about the economic issues, the increasing in the purchasing capacity of the people, Government policy towards unemployment benefits and government taxation will directly affects in the Hyatt Regency strategy. Social: Income Distribution (change in distribution of disposable income) Demographics (age structure of the population; gender; family size and composition; changing nature of the occupations) Labor / Social mobility These points are all about the Social aspect. The changing in the life style of the people will directly affect on our business, similarly the education will play a major role in the marketing strategic policy. Technological: Government spending on research. Government and industry focus on technological effort New discoveries and development These factors are all about the changing in technology. In this modern age, technology are changing rapidly, like internet, new discoveries, research, etc will directly affects on the marketing strategy of the Hyatt Hotel. So the hotel has to develop its plan by the above mentioned factors. Benefits of PESTLE in an organization: By knowing the current environment and the external factors, it will better placed an organization for the future than the competitors. It is the useful tools for understanding the risks associated with the market. It will helps an organization to understand Meso-economic and the macro- economic environments in which they operate. (The Meso-economic environment is the one in which we operate and have limited influence or impact, the macro-environment includes all factors that influence an organisation but are out of its direct control) Ac2.1 Use appropriate tools to analyses the effects of current business plans of Hyatt Regency: There are different marketing tools which can be used in an organization in order to lead the business in the path of success and prosperity. Some of the marketing tools are as follow: . BCG Matrix: This is called Boston Consulting Group Analysis. This is about chat which has been created by Bruce Henderson for the Boston Consulting Group in 1968. The main purpose of this BCG-matrix is to help the organization business units or product lines. It will help an organization to use the available resources and its brand marketing by using strategic management and the portfolio analysis. BCG-Matrix is very important for the manager and its a great tool because for studying it has two aspects. One is for relative marketing share and another one is marketing growth. Relative marketing is about the competitor around business. BCG Growth Share Matrix Relative Position (market share) Fig1.: The BCG Matrix Strategic marketing, page 58 BCG Matrix is divided into four areas. They are: Stars: Stars are high growth of businesses and the profitability is very high in compare to competitors. More often they need the very high investment in order to sustain. Frequently their business will be slow down and they have to maintain the market. Cash cows: Cash cows are the low growth business with the relative high market share. This is the successful period and maintain continue profit with less investment. So they continue gives strong cash flow to became star in the business. Question Marks: This is about the low market shares which operate in high market shares. They will have potentiality but in order to sustain they may invest in the business in order to struggle with competitors. The managers will have ideas about which one area should focus and which area should shrink. This is about question marks what to do and what to think. Dogs: The dogs refer in business which has low relative shares in uninterestingly. In this period the growth of market will be low. This period may generate enough cash flow to break-even but it is rare. Effects of this model in the organization: There are different stages in the business and the manager should evaluate their business in order to move a straight away with range of investment. The matrix ranks is about market shares, about the industry growth and its profitability. In the dogs period, may be business flowing continuously and may not require cash investment. The second things is that its all about business growth and the estimate or guesswork for the future. In the period of question mark, if the leader is smart and enthusiastic, he may invest lots of cash in order to maintain continuous profit. He should have an idea about time and situation and ability the capacity to grab it. Thus it is all about present situation of the organization and estimate for the future, how to go, where to go and what to achieve. B. Product life cycle: It has been assumption that every product has its life period, it will introduce in the market, it grows, and at the last point it may die. There are four stages on it. They are- 1. Market introduction stage 2. Growth stage 3. Maturity stage 4. Saturation and decline stage. 1. Market Introduction stage: This is the first stage of product life cycle. In this stage an organization has to spend lots of money on advertisement, demand has to be created, no profit margin , no competition at all, and in facts no sales volume. Growth Stage: This is the second stage of product life cycle. Here, profit will begins to rise, customers will aware about product, sales volume will increase, will increase competitions, etc. Cost and expenses will reduced and start to have more profits. Maturity stage: This is the third stage of product life cycle, here, in this stage, cost of an organization will minimum because of huge production, sales volume will reach on the peaks, brand differentiation and features diversification, and the industrial profits go down. Saturation and decline stage: This is the last stage of the product life cycle. Here, in this stage, sales volume decline, prices, profits diminish; profit will be more challenges on production volume, etc. http://www.quickmba.com/images/marketing/product/lifecycle/plc.gif Fig: Product life cycle The effects of product life cycle use in the Hyatt Regency: An organization can introduced new products in the market with fix separate budget. It will help an organization to lead their product globally and in competitive market. It will give general ideas about skills and resources required to launch new product in the market. Company can focus on the different stages for profit margin. Thus the use of marketing tools use by an organization will help them to come ahead in this competitive world with right products on the right place on the right time. 2.2 review the position of an organization in its current market. In order to find an organization position, a company can focus on the different criteria, which are as follow: Existing market shares: An organization should find out how much shares they have and how much percentage covered the market. The current product and services offer: The product which is supplied in the market, are up to customer target and these meet the customer expectation or not. Their competitive strength: The Company needs to find their strength and their possible criteria in the market. Their current size and location of the market: A company needs to understand the market size and their product consume customers, they can calculate to find out their position in the market. Their current planning strategy: In order to cover some marketing shares, planning plays an important role and their strategies for the future. Thus to find out company shares and their spreading products in the market, an organization can do more homework on its own for more quality product, applying reasonable pricing strategy (like different skim), etc. By doing so, a company will boost up with new and new ideas and cover more market shares. 2.3 evaluate the competitive strengths and weaknesses of an organizations current business strategies. In any organization, there are some strength and weaknesses on its own. The organization has to find out its strength and its weaknesses on its own. When finding out weaknesses and strength, they can convert the strength in to opportunities and can alert from the potential threats. Some of the strength of Hyatt Regency is as follow: Strength: Loyal customers: Customers are Loyal on the brand of the company. Being international chain hotel, it has its own customers who always loyal and believe on the brands. High quality Products: Hyatt regency produce the high quality products by which guest are satisfy form it. High Skilled workforce: In the Hyatt regency there are lots of skilled members by which company is getting more popular among others. Locations: Hyatt Regency is opened in the heart of centre city Kathmandu, Nepal which is the strong points on its own. Weaknesses: Insufficient Resources: There are some less resources like Refrigerator, chilling freezer, big utensils for the party, etc. Outdated Technologies: The machines and electronics item use in Hyatt regency are old and not working properly. Lack of Planning: In the kitchen department, there is improper planning during party time and the busy time. Everyone are getting puzzle because of not clarity of job among them. Thus, if the company can rectify its weakness on its own, this company will lead successfully in the number one position in this competitive market. Ac 3.1 Use modeling tools to develop strategic options for Hyatt Regency: Strategic options are creative alternative action-oriented responses to the external situation that an organization (or group of organizations) faces. Strategic options take advantage of facts and actors, trends, opportunities and threat of the outside world. Strategic options can be identified after an institutional assessment, keeping in mind the aspirations (basic question) of an organization. The tool Strategic options helps to identify and make a preliminary viewing of substitute strategic options or perspectives. There are different types of strategic options use in an organization. such options are- Ansoff strategies, vertical, backwards and forwards integration, horizontal integration, differentiation, cost leadership, Mintzbergs strategies emergent, leadership and differentiation, strategic alliance, merger, acquisition, competitive strategies, value-based strategy, contingency strategy, etc. Some of them are describe below: Mintzbergs strategies: There are five definitions of strategies are- Plan Ploy Pattern Position Perspective Plan: In this strategy, the actions are made in advance to which is to apply and this actions are developed consciously and purposefully. Ploy: As plan, a strategy can be a ploy too; really just a specific man oeuvre intended to take in a challenger or competitor. Pattern: A pattern in a stream of actions. Strategy is regularity in behavior, whether or not intended. The definitions of strategy as plan and pattern can be quite independent of one another: plans may go unrealized, while patterns may appear without preconception. Position: Position means of locating an organization in an environment. By this definition strategy becomes the mediating force, or match, between organization and environment, that is, between the internal and the external context. Perspective: Perspective shared by members of an organization, through their intentions and / or by their actions. In effect, when we talk of strategy in this context, we are entering the realm of the communal mind persons united by common thinking and / or actions. B. Cost Leadership: This is concept developed by Michael Porter which is used in business strategy. The meaning of cost leadership is to operate a lowest cost of operation in an organization. The cost leadership strategy is depending upon organization efficiency, size, scale, and cumulative experiences. The main function of the cost leadership strategy is to find out the scale of production its scope and in other economies, producing highly standardized product and using of new technology. Cost leader companies do compete on  price  and are very effective at such a form of competition, having a low cost structure and management. Ac 3.2: Create options to form the basis of future organizational strategy (p9): Among all the strategic options I would like to recommend Vertical Integration in the Hyatt Regency. Vertical Integration: The word vertical integration  describes a style of  management control. Vertically integrated companies in a  supply chain  are united through a common owner. Usually each member of the supply chain produces a different  product  or (market-specific) service, and the products combine to satisfy a common  need. It is contrasted with  horizontal integration. The concept and use of  vertical integration is introduced by Andrew Carnegie.  This led other business people to use the system to promote better financial growth and efficiency in their businesses. Vertical integration is the point to which a firm owns its downstream suppliers and its upstream buyers. Contrary to  horizontal integration, which is a consolidation of many firms that handle the same part of the production process, vertical integration is typified by one firm engaged in different parts of production (e.g. growing raw materials manufacturing, transporting, marketing, and/or retailing). The Benefits of using vertical integration by Hyatt Regency: Hyatt Regency is the chain international service industry. There are many hotels under the same management throughout the world, i.e. the same management policy. It has its own brand name products use in every hotels. For example, a company is using its own soaps, shampoos, towels, carpets, etc. Whenever we go, we will find out same quality and same brand name products, thus by being chain hotel, it has same system of servicing guest in each hotel. The same suppliers and manufacturer are engaged in producing guest supplementary product. Thus the vertical integration, a strategic option is the best in this scenario. Ac3.3 For your chosen organization purpose a suitable structure that would ensure participation of all stakeholders. (P10)   A person, group, organization, or systems that affect or can be affected by an organizations actions are the stakeholders. The stakeholders may be directly or indirectly may involve in the organization decision process. The following chat would be suitable structure for the participation of all the stakeholders in the Hyatt Regency: Stakeholders strategies Way of communication Duration/time Customers Research on the needs and expectation of the customers, involving customer service department. Flip card, survey 3months Staffs Invent new products, Technicians, recruitment on research. Meetings with managers, survey and feedback, presentation, spot training, job trainings 1 month shareholders awareness about new products Internal meetings, 1 month Government BOD(board of director) Launching new product which has to be environmentally friendly, not affecting by government policies. Financial structure for the purposed plan, giving executive decision, Invitation on seminars, presentation Newspapers, meetings 15 days Up to 1 month Thus different stakeholders can participate in the organization decision process and launching of the new products according to their label. AC4.1: Develop criteria for reviewing potential options for a strategy plan (P11) There are different strategy plan for reviewing potential options are: attractiveness to stakeholders, balanced score card approach, stakeholder participation, feasibility studies, etc. Balanced scorecard approach: The balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals. (2011 Balanced Scorecard Institute ) http://www.balancedscorecard.org/Portals/0/images/balancedscorecard.jpg Adapted from Robert S. Kaplan and David P. Norton, Using the Balanced Scorecard as a Strategic Management System, Harvard Business Review (January-February 1996): 76. The balanced scorecard is a management system (not only a measurement system) that enables organizations to clarify their vision and strategy and translate them into action. It provides feedback around both the internal business processes and external outcomes in order to continuously improve strategic performance and results. The balanced score card have four perspective in order to develop metrics, collect data and analysis it. These four perspectives are as follow: The learning and growth perspectives: This is the growth phase of the organization. This includes employee training and corporate cultural attitudes related to both individual and corporate self-improvement. Here, employee skills are the most important factors than other else. The business process perspective: These perspectives indicate internal business processes. Metrics based on this point of view allow the managers to know how well their business is running, and whether its products and services conform to customer requirements. The customer perspective: These perspectives indicate how important customers are. Customers needs and expectations are the most important factors in this area. If the customers are not satisfy, they will choose the other options and our business will be on the decline stage. Thus we have to meet their needs and satisfy them. The financial perspective: Timely and accurate funding data will always be a priority, and managers will do whatever necessary to provide it. It is more over related to financial status of the company. Thus, balanced scorecard approach is the best approach to find out the plan and progress report of an organization. Ac4.2 Construct an agreed strategy plan that include resource implication: In order to launch the new product from the Hyatt Regency, we have to analysis, assessing and addressing issue. To analysis the current situation, SOSTAC is the best methods to evaluate. S stands for  Situation Analysis   which means where are we now? O  stands for  Objectives  which means where do we want to go? S  stands for  Strategy  which summaries how we are going to get there. T  stands for  Tactics  which are the details of strategy. A  is for  Action  or implementation putting the plan to work. C  is for  Control  which means measurement, monitoring, reviewing, updating and modifying. Situation analysis In the situation analysis, we are à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦in this position and we want to reachà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦.. in this position. Objective Increased no of customer by à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦%, brand expansion Strategies Launch new product within à ¢Ã¢â€š ¬Ã‚ ¦.. Months. Tactics Break down the strategy in to action, investment decision, new market shares, differentiation Action Company tactics into action, planning about finishing à ¢Ã¢â€š ¬Ã‚ ¦.within 1 month à ¢Ã¢â€š ¬Ã‚ ¦will finish with in 2 month, survey on the effects, feedbackà ¢Ã¢â€š ¬Ã‚ ¦..cost, location, etc Control Measures Control measures through monitoring, new technology Ac4.3: Compare core organizational values (ethical, cultural, environmental, social, and business) with the current business objectives of an organization. (P13) A business objective is a detailed picture of a step you plan to take in order to achieve a stated aim. Objectives should be SMART in order for the business to know what progress it has made towards achieving the objective:   Specific clear and easy to understand.   Measurable i.e. able to be quantified.   Achievable possible to be attained. Realiable- Durable and T stand for time bound. In order to get the objectives of the company, the organization should focus on ethical, cultural, environmental social and business factors. Ethical: In order to operate the business the company not only should look forward for the profit but should also look for norms and values of the society; i.e. either the product of the company accepts by the society either it match with the society standard or not, right to life, right freedom, and right to privacy, such things are lies under ethics. Culture: Culture includes life style of the people, demand, age group, etc. The product what we launched in the market should focus on the people lifestyle and the demand of the people. Environmental: The Company should bring such a product which should be environmentally friendly. The product should not harm the environment from inside the organization and outside the organization. Social: The product should be community based like preservation of the wildlife, ecological friendly. In society there are various types of community and the product should focus on the societies norms and values Business: Business makes things happen and affect every part of our society. Whatever you want to do, understanding business will help you achieve it. Thus the Hyatt regency if launched a product in the market, the above mentioned points has to consider in the mind for the better product and public better life. Ac5.1 Develop appropriate vision and mission statements the organization. (P14) Mission: A mission report is the head and the heart of an organization and serves as the lens through which organizational programs and strategies are viewed.  In this case a mission statement should be closer to the social need rather than the visionary social impact.  Ã‚   A mission statement evolves as the social need evolves while also remaining anchored to the vision. In this context, a facilitator also has a role for helping an organization understand its mission as well as its vision. The following illustration creates the linear process: Social Need ==> Mission ==> Programs/Strategies ==> Vision of Social Impact. Vision: Vision creates that force of growing expectation about the future, where change is embraced as a step closer to that very compelling picture of whats coming next. The excitement about the future trumps any worry about the unsure change is recognized as the catalytic converter it is. Vision is being able to see where youre going, to see whats up the road ahead, in both literal and symbolic senses.