Wednesday, May 20, 2020

Synthesis Paper Leadership And Leadership - 1361 Words

Synthesis Paper: Leadership Introduction Over the years, a great deal of time, and research has been dedicated to the study of leadership. Leadership is one subject that has been discussed a lot. Even with extensive data on the subject, many still disagree on what leadership really means. Moreover, leadership is a word that has many different meanings and different researched theories associated with it. On a basic level, leadership involves having and establishing a clear vision, sharing that vision with followers, respecting followers, and leading an organization with excellence while ensuring that everyone is part of the team. Furthermore, leadership is a method by which a leader uses his or her influence towards getting a group of†¦show more content†¦Conversely, effective leadership styles are centered on creating an invigorating environment that is safe, fair, and consistent for all. The aforementioned statements will give a picture of the common thread shared throughout the articles reviewed for this synth esis assignment. Leadership Themes Research indicates that there are a vast number of approaches and theories for assessing effective leadership and behaviors. One theory that seems to be the most popular by Bass was transformational leadership. This theory and hypothesis involve idealized influence, inspirational motivation, intellectual stimulation and individualized consideration. Transformational leadership has all the characteristics that dictate a leader’s relationship with followers. As we delve into the study of leadership we will find several common themes: effective leadership theories, relationships with followers and the results of getting followers to go beyond what is asked of them based on influence and motivation. In reviewing the research of each article, it was clear that the goal of each study was to determine which style of leadership or theory would be most effective in getting great results for the organization while maintain positive relationships. Thus, a study was co nducted while comparing and contrasting different approaches to leadership. One study (Cavazotte, Moreno Hickman, 2011) examines the results of personality traits, emotional intelligence on

Wednesday, May 6, 2020

Effectiveness Of Joint Collaboration Between Unions And...

Jon Nelson’s goals were to instill a sense of ownership in department managers of Corvallis, Oregon and hold them accountable for delivering high quality, cost-effective services (Brock Campbell, 2000). However, the relationship between labor and management was very confrontational when he assumed the role of city manager. His experiences with collective bargaining were in very traditional bargaining environments and he had very little experience with interest-based bargaining. This case traces the impact on service, costs, and capacity for problem solving, by demonstrating the conduct of collective bargaining, non-bargaining interactions, and contract administration with the city s three bargaining units. This paper explores the effectiveness of joint collaboration between unions and management. Our focus is on the role of collaboration, process, performance, and efficiency as viewed by various city managers. By asking how do different collective bargaining and contract administration processes affect problem solving, conflict resolution, and management responsiveness; how does discussion and interaction with union leaders away from the bargaining table impact bargaining outcomes; and are collaborative processes in labor-relations too time consuming, or do they contribute to problem solving and trust building that save time in the end (Kearny, 2009). It is apparent that Jon Nelson should focus on a more strategic interest based bargaining or high performance work systemShow MoreRelatedEssay about Exploring the Possibility of Merit Pay for Teachers1277 Words   |  6 Pagesit must address a perceived problem (Fowler, 2009). 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After that, we will provide a comparative analysis between India and Germany. The analysis will focus on each countries trade polices, workforce, tax rate, right

Australian Banking Industry

Question: Discuss about theAustralian Banking Industry. Answer: Introduction The retail banking industry takes a significant share of the Australian economy. The country has several big banks stiffly competing each thus offering satisfying services to its large population. Three banks have been selected to help show the exact position of the Australian banking industry. These banks include Commonwealth Bank of Australia, National Australia Bank and Bank of South Australia. The banking industry has undergone transformation based on demographic profiles (Joseph, McClure and Joseph 2009). Essential demographic profiles include experts viewed as a high-value customer due to their multiple potential products holding, age-based segmentation (youth, over 50 and others), lifestyle (graduates, retirees or first home buyers) with a distinct profile of financial motivation and banking needs. Graduates are more probably than average to save for travel, a house deposit as well as car and this suggests that this segment may require a credit card, personal or car loan, home loan, and associated insurance policies shortly (Sathye 2009). The segmentation of the banking industry is being shifted from the product-oriented segments to customer-focused segments. This shift in segmentation has been employed by the three banks. The shift in segmentation follows the realization that customer needs and expectations are changing as fast as the competitive landscape. Statistics indicates the Australian banking industry is taking the lead over other nations as shown below based on percentage of GDP share. Rank Nation Bank share of DGP % 1 Australia 2.9 2 China 2.8 3 Sweden 2.6 4 Canada 2.3 5 Netherlands 1.9 6 Spain 1.8 7 France 1.7 8 Japan 1.4 9 United States 1.2 10 UK 0.9 Winning, retaining as well as deepening customer relationships requires this shift in segmentation. The three banks are currently adopting the trend of lifestyle-based segmentation which avails a 360-degree perception on customer values as it accounts for multiple product holdings and likely future product holdings. Thus, banks can better comprehend both true values of their customers alongside their needs besides likely future behavior. The banks that leverage this idea have a better anticipation of the needs of the customer and can develop customized products as well as services for cross-selling maximization and eventually deepen their customer relationships. The retail banking is profitable particularly through the lifestyle-based segment, and the three backs have continually grown in the banking industry. These banks have persistently become attractive to this segment and other investors who need funds for various investments. Process Approach Model The Process Approach Model is critical in the identification of how banking industry segment business classified as either internal or external processes as well as how such categorization enhance the efficiency and effectiveness of these three banks selected. It is clear from the diagram that process approach used by banks starts from the needs identification to the process through satisfaction. To explain this, we take start by the realization that segmentation should shift from product to customer based on the fundamental need in the industry and narrow this need down to segmentation based on lifestyle. This need then enters the process stage which requires activity 1 to 3 to be performed to categorize it as either internal or external process. Taking the route of activity 1, banks have to undertake three tasks (1, 2 and 3) to categorize this need as an internal or external process. Assuming that task 1 is selected, three operations will be performed to categorize this as an external or internal process. To sum up, shifting the segmentation from product-based to customer-based will be categorized as internal process since it is within the control of a particular bank to choose how it segments the market. Thus, this categorization enhances the efficiency and effectiveness of banks by identifying the particular activity, task, and operation that help serve their customers best based on the identified needs. Supply Chain Systems, Initiatives and Management in the Industry Segment The three banks individually take a keen interest in ensuring effective supply chain systems, initiatives as well as management are in place to meet the demands of the retail banking industry in Australia to serve the lifestyle-based segment satisfactorily. For example, Bank of South Australia has deepened understanding of sustainability by extending its commitment to a wider array of stakeholders as well as interest through effective supply chain initiatives, systems as well as management. The National Australia Bank has distinct itself through the belief in the potential of communities, clients as well as employees which are a source inspirational to the bank to use effective supply chain systems, management as well as initiatives that have a positive impact on its clients as well as communities being served (Sathye 2011). These systems underpin a firm as well as sustainable business for its shareholders. For example, the banks Procurement Policy and Outsourcing Standard remains the global reference point for its procurement practices that articulate its approach to the sourcing and procurement. The bank puts all its supply contracts out tender and uses a pre-determined evaluation matrix that incorporates Corporate Social Responsibility and Sustainability standards thereby meeting its commitment to OECD Guidelines for Multinational Enterprises as well as Universal Declaration of Human Rights. Through its annual Dig Deeper report, the bank publicly conveys its performa nce in sustainability supply chain management (Sathye 2011). The Commonwealth Bank has made managing the cyclical flow of its supply chain easier based on its supply chain and finance solution initiative. The bank uses its online platform to provide secure access for uploading ones instructions, saving reports as well as integrating seamlessly between the several enterprise's resources planning systems (ERPS) to undertake business anytime. How Banks Use ICTs and Applications to Support B2B Processes The three banks have sought the consultancy services from the world leading Australian software expertise. The Tata Consultancy Services (TCS) has invested in Australian IT sector and has provided world-class banking applications for not only these three banks but also the mainstream Australian robust financial service industry. Since TCS is one of the top ten IT firms in the world, these banks have greatly used its products and services to support B2B for both CA and SCA (Bourke 2010). Commonwealth Bank has been the main beneficiary among the three banks, and it is rated as one of the biggest clients to TCS. The banks have benefited from TCSs services due to its ability to continue to develop new software for banking and finance sector which are its critical targets (Kadlec and Mare 2013). The banks have adopted the TCS product TCS BNCS which is a suite of world-class solutions for banks thus making global banking easy. The banks are also adopting the branch automation technologies advanced by TCS that is capable of integrating mobile services, cash recyclers, scanners, printers as well as biometrics into a seamless set of services. The implementation of these technologies will ensure that bank branches become more efficient coupled with a reduction in the cost of business. The banks are also looking forward to adopting the model bank concept being presented by TCS to use a cloud-oriented, software-as-a-service suite of technologies thereby creating a market-ready IT systems which have already being adopted globally to promote B2B (Besimi and Dika 2013). The banks have also adopted a TCS single-app technology which is helpful in digital finance platform by permitting banking clients to utilize a single app across an array of devices and browses. References Besimi, A. and Dika, Z., 2013. B2B or Not B2B? The future of B2B and the role of Small and Medium-sized Enterprises from SEE. In BCI (Local) (p. 158). Bourke, P., 2010. Concentration and other determinants of bank profitability in Europe, North America and Australia. Journal of Banking Finance, 13(1), pp.65-79. Joseph, M., McClure, C. and Joseph, B., 2009. Service quality in the banking sector: the impact of technology on service delivery. International Journal of Bank Marketing, 17(4), pp.182-193. Kadlec, P. and Mare, M., 2013. B2B eCommerce Opportunity for SMEs. Systems Integration, 537. Sathye, M., 2009. Adoption of Internet banking by Australian consumers: an empirical investigation. International Journal of bank marketing, 17(7), pp.324-334. Sathye, M., 2011. X-efficiency in Australian banking: An empirical investigation. Journal of Banking Finance, 25(3), pp.613-630.