Bcg Growth â€Share Matrix

BCG is an acronym which stands for Boston Consulting Group Growth –share matrix. This is a mode which is recommended for all companies to use in the event of marketing and resource allocation. The information collected by experts in business environment indicates that there is no strategic management which appears to be successful without using the BCG growth model.Boston Consulting Group is a model widely used by many multinational and domestic companies as instrument in portfolio management in the event of employing a strong base to face their competing companies in the industry they are operating.The BCG matrix helps to play as analytical tool where a certain company is faced with problems of constant market growth rate and lack of advancement in general (http://fmcg-marketing. blogspot. com/2007/11/bcg-matrix. html). Boston consulting group (BCG) growth now comes in as a firm which gears its efforts in giving consultation services to other companies in general organization management where need arises. This firm is highly respected in the business industry due to their efficient and effective job.This firm was started in the 1970s as a business firm but today it has the leading level in terms of business schools and executive education Programmes around the world (http://fmcg-marketing. blogspot. com/2007/11/bcg-matrix. html). Boston Consulting Group labels As a management tool Boston Consulting Group-share matrix can be used to classify product portfolio in four businesses types which are based on four graphic lebels. this include stars cash cows question marks and dogs.it also stipulates priorities which should be extended to a companies product portfolio. According to Boston Consulting Group, priorities in company’s products portfolio can be given by use of the products portfolio cash usage and cash generational, i. e. input and output. Consequently the model gives the company a high light on how to deal with various product lines. For mult inational companies the model acts as an indispensable tool for analytical purpose in this event of evaluating their organizations diversified product lines (http://bankelele.blogspot. com/2007_07_01_archive. html). Market growth and relative market share are the two dimensions in which BCG growth-share matrix can be based on. The two aspects reflect the level in which an organization has excelled in the industry it is operating. Products which are in fast growing market should be highly valued because they bring into the organization the highest profit margin in the organization and this can only be revealed through use of BCG growth-share matrix.Due to correlation between relative market and products cash generation, BCG helps to capture market share of a strategic business unit as well as analyzing how the units in an organization can be well advanced to have a competitive advantage against those of the competitors. The underlying assumption in BCG is that the more an organizatio n is engaged in a particular activity the more they save costs which could have been incurred during the time of trading (http://fmcg-marketing. blogspot. com/2007/11/bcg-matrix. html).This is a suggestion that the effect in experience curve requires that market share to be increased to enable the company to lower the cost in the process of business operation. For those companies with dominant market share then its clear that they will have a cost advantage over competition companies because they have won a greater share of the market (http://bankelele. blogspot. com/2007_07_01_archive. html). The Boston consulting group (BCG) matrix is based on a products life cycle theory which states that a product has four main stages in growth i. e. introduction in to the market, developed through strategic planning, maturity stage after it has gained market adaptation and finally decline stage whereby it starts loosing its taste and demand goes down.According to BCG matrix the product life cyc le determines product portfolio of a business unit. The four categories in which BCG matrix use in placing products in portfolio includes; cash cows whereby, these are units in an organization which have high market share but are slow in growth. Generally these are units which generate cash in excess of the amount of cash needed to maintain the business.All operating companies would like to own and maintain many of cash cow units to maintain the operations in their industries. They are referred to as stand and boring now that investing to this kind of unit might lead to low returns in a business companies normally invest low but they gain a harvest a lot from them,. These units should be well maintained for growth of other units in a business (http://fmcg-marketing. blogspot. com/2007/11/bcg-matrix. html) Dogs are units with low market share in mature slow growing industry usually referred to as pets.These units have got little or no cash generation which can be used to run or maint ain the affairs in a business market share. From accounting perspective these units can only be good in a business in the matter of creating job opportunities to the jobless but in strategic market view they are un worth to be maintained or included in a business product line. Such product units should be removed from business operating system to avoid negative consequence in future. This is because they depress a profitable company’s return on assets ratio used by many investors to judge how well a company is being managed (http://fmcg-marketing. blogspot. com/2007/11/bcg-matrix. html).Question marks are the third class in product portfolio. They are units with high growth rate but low market share and thus they consume a lot of cash though they generate very little of it and this results to high rate of cash consumption in the business. These units have a potential of accelerating to a star level but when the market growth slows, they turn to be cash cows. If the market gro wth declines completely leading to low consumption, then question marks becomes Dogs.Therefore question marks should be carefully scrutinized to see whether they are worth investing in and corrective control measures to be taken. Stars are leader units in the market industry. They are units with high market share in a fast growing industry (http://fmcg-marketing. blogspot. com/2007/11/bcg-matrix. html). To maintain Stars in a business requires a lot of cash and therefore cash cows becomes the support of Stars. This is possible only if the business is worth to be leader in the market industry. If not well maintained Stars, can fall from being leader in the market and become cash cows.Due to the market trends, products in a particular organization keep on changing direction from Stars to Dogs. The natural cycle for most businesses units is that they start as question marks then turns into stars. Eventually the market stops growing and business unit changes from Stars to Cash cows and then Cash cows turns to Dogs with time. BCG growth-share matrix in Unilever Company For a fast growing company and a multinational one for that matter, Unilever Company which engages in different product lines have got no other option but to use the BCG model.This is because an invaluable analytical tool in their diversified product lines as it has been witnessed. According to FMCG and Retail marketing Blog article in February 2008, Unilever Company grew to sputter as P &G and it has taken market share in India. The Unilever Company sells household foods and other consumer related goods. According to the article released on February2008, the speculation of the company seems to notice a global revenue growth slow in the year 2010 as Procter and Gamble Company (http://universityessays. tripod. com/bcg_growth_share_matrix_boston_consulting_group.htm) Being the second world’s largest consumer product maker, Unilever has heavily relied on accelerating shipments of Surf Excel deter gent in India to make up for sluggish sales in Europe. One of their branches is stocking Olay-skin-care products after nearly having the local prices of Ariel and Tide in 2004. The speculation states that there will also be a down fall of the Unilever’s product market share in Asia and Africa where the company has heavily marketed their products since its start of operation (http://www. amazon. co. uk/review/product/1403944539?showViewpoints=1) The estimated fall in Unilever overall sales growth is expected to be 4. 9 per cent in 2010 from estimated 5. 3 per cent in 2007. Its competitor, Procter &Gamble will have a market share increase in the year 2010, according to Bloomberg survey analysts. Unilever Company has various companies and factories in every continent and research laboratories at Colworth and Port Sunlight in England. It started a five year feasibility company initiative in their goal and making sure that they achieve their competitive strategy purposes and specu lations.This was aimed at converging the marketing and disparate arms in their business including personal care and consumables into an umbrella function displaying the breadth of their contributions to personal vitality. As stated by its chief executive officer, Patrick Cescan, the company is planning to take a strong stance on sustainability in the market. Apart from Breyers and Ben and Jerry’s, all its ice cream business is done under the umbrella called Heart brand which was launched in the year 1999 and modified in 2002 as a way of promoting international brand awareness and cross-borders synergies in manufacturing and marketing.The company has the biggest market share in the ice cream industry with an annual turn of â‚ ¬5 billion (http://fmcg-marketing. blogspot. com/2008/02/unilever-growth-to-sputter-as-p-takes. html) According to Boston Consulting Group, development of matrix requires the assessment of a business portfolio, which includes an organization’s a utonomous divisions in terms of their profit or activities. Unilever company has advanced its strategic management plans to ensure that their products are competitive in the market.Being a consumer goods producer, it has observed global values in terms of cultural diversities and other related issues in their marketing to ensure that they are not faced out of market. Although the model is not used as it was used in the past, BCG growth/share matrix it has one advantage in that it has an ability of providing a comprehensive snapshot of the positions of a company’s various business concerns. It also draws attention to the cash flow investment characteristics and needs of organization to know how to manage and also help the organization to know how to manage and maintain a balanced portfolio.Unilever Company has collected the highest profits from their sales in Africa than any other continent where they have been involved in trading despite the decline in capital investment (Mer cer, D, A 1993). In India and Asian countries investment is increasing and pound for pound profits are much higher than Europe. In the 1970s the Unilever company created an intricate services discount and bonus system in its Danish subsidiary, margarine selskabet aiming at selling as much as margarine as possible.This helped the company put business at a competitive position (http://fmcg-marketing. blogspot. com/2008/02/unilever-growth-to-sputter-as-p-takes. html) BCG matrix has been widely used in Unilever especially in house hold goods whereby tastes and preferences change every time where applied BCG matrix helps not only in market growth but also position of cash flow in the organization. BCG matrix has acted as good indication of Unilever markets strength and future potentials and attractiveness to future competitors. Now that BCG matrix ranks only market share and industry growth rate it implies the actual profitably and purpose of any business unit in relation to the 4 graphi c cycles in product portfolio.Unilever Company has dropped many products and developed new ones in the event of satisfying the market demands. In Africa consumer goods from Unilever company has highly excelled due to clear plan and matching with consumer interests. This has been possible through use of BCG matrix which helps identify the position of product in the market and take the possible measures for instance the cash cows business as units will gain their expected profits very fast which give s the management team an easy jobs.The house hold goods in Unilever including soaps and other types of ointments have excelled nicely in African and Asian countries. This helps to reveal good position in Unilever Company among other practicing multinational companies. This helps the company to make wise investment to get the targeted profits. The company has also experienced a lot of problems in certification of some the products in certain countries. This forces it to use extra cash to m ake aggressive promotion in already existing market to increase their sales.In 2005, the company had to permit Glidat Strauss to export its brand of ice cream to United States due to strict kosher certification of products in Israel where by ice cream and Krembo may be sold only in kosher supermarket and other important shops. The company has also invested much in some of its product brand like in personal care products which are believed to be in the question marks. Some of these personal care products cannot become cash cows hence this is seen as wastage of money. The idea behind investing instars and questions is to enable them become cash cows.If they don’t achieve real market dominance then it is advisable for the company to disinvest and try to get whatever possible cash out of the question marks that were not selected (http://www. referenceforbusiness. com/management/Sc-Str/Strategic-Planning-Tools. html0).One of the limitations of Boston Consulting Group matrix is tha t high market share is not the only indicator for success factor but there are some other underlying forces which needs also to be considered. Also market growth is not only indicator for attractive ness of market.Sometimes Dogs can earn even more cash just the same as cash cows. All in all BCG matrix method can help understand or identify a mistake which is repeatedly done by an organization in the strategies they use. This is because there is a well installed system of checking the approaches to strategies used such as generic growth target or generic reform on capital invested for the entire corporation. If the company is experiencing a problem with some of the brand product lines they can dump them just as it is proposed in BCG matrix.Unilever Company used the BCG model as a tool for understanding where their power has in business situation. This is possible through understanding of both strength of their current position and strength of the position they are anticipating for.Th e company has put a strategic plan for 5 years which is aimed at saturating the whole world with their products which are competitive and consumer friendly. A team has been put in place to act on this by improving the company’s weaknesses to strength and stipulate the best methods which would be followed.All this is done to make sure that the company is performing at a level of fulfilling the set goals and standards (http://www. referenceforbusiness. com/management/Sc-Str/Strategic-Planning-Tools. html). For the case of stars most companies’ uses prices skimming to penetrate the market. The prices are normally high and this can lead to low sales. In most cases price skimming can only take very short periods of time which later affects demand of those products hence this products ends up entering in another level of the cycle like â€Å"Questions marks† which denies the company from enjoying its benefit (www.eduessays. com/Essays-x02887. htm). The Boston consulti ng group model has got other related limitations in that when used can make a company end up loosing market share. The BCG matrix model only insists an allocation of resources rule using cash but it does not specify the specific amount of share which a company will receive from this allocation and the market rate. Unilever company have ventured in very many consumer products and it becomes really hard to know which products is in stars or question marks hence it might end up fueling cash to a no growth products line.In some other instances a high market share does not lead consequently to a high profit margin it is clear that low business share are profitable, this can blind font the management to run their company at a loss without knowing if they insist on using more cash to such products. This is instigated by the fact that the model insists on only two dimensions i. e. market share and growth rate of which other factors are held constant in theory but not in real practice (http: //www. kmtalk. net/article. php? story=20070103041059823).The comparison given by BCG matrix is between the product and strategic business unit (SBU) only with a strong competitor in same level yet it disregard small competitor with fast growing market share. Like in consumer goods the Unilever Company has market share. Like in consumer goods the Unilever Company has targeted only the multinational companies without knowing that there are other small companies growing in their industry which can affect their sales in certain countries they have invested. This can lead to a company being put out of place in the market industry.Company which needs to be a leader in terms of market share should produce new products and charge them at a lower price to penetrate to the market. On the other hand BCG model is helpful to management in evaluating the firm’s current balance among stars cash cows, problem child and dogs. And it is also applicable to multinational companies to seek large volume and experience effects because it is easy to understand. This model provides management with basis for understanding and deciding upon how to prepare for the contingent future causes of action.This is useful especially when allocating the limited resources (www. eduessays. com/Essays-x02887. htm).References Economic matrix in big enterprises, available at: http://bankelele. blogspot. com/2007_07_01_archive. html, accessed on July 24, 2008.Executive performance incentive plan of the Unilever Company, available at: http://www. secinfo. com/dkrf. 66. 8. htm, accessed on July 24, 2008 The product portfolio of a business unit, available at: http://fmcg-marketing. blogspot. com/2007/11/bcg-matrix. html, accessed on July 24, 2008.The BCG growth-share matrix, available at: http://universityessays. tripod. com/bcg_growth_share_matrix_boston_consulting_group. html accessed on July 24, 2008.The FMCG & RETAIL Marketing Blog, available at: http://fmcg-marketing. blogspot. com/2008/02/uni lever-growth-to-sputter-as-p-takes. html accessed on July 24, 2008.Strategic planning tools, available at: http://www. referenceforbusiness. com/management/Sc-Str/Strategic-Planning-Tools. html accessed on July 24, 2008.Limitations / problems of the BCG Matrix, available at:http://www. eduessays. com/Essays-x02887. htm accessed on July 24, 2008.Mercer, D, A ((1993) Two Decade Test of Product Life Cycle Theory pp 269-274, British Journal of Management, Vol. 4 http://www. newint. org/issue172/keynote. htm accessed on July 24, 2008.Unilever company and product lines, available at: http://www. amazon. co. uk/review/product/1403944539? showViewpoints=1 accessed on July 24, 2008.Strategies in Unilever Company, available at: http://www. kmtalk. net/article. php? story=20070103041059823 accessed on July 24, 2008.

Act One Scene One of Measure for Measure

Act One Scene One of ‘Measure for Measure’ is a scene surrounded in ambiguity and complex character motives. In this scene the Duke of Vienna meets with his aged advisor Esacalus to discuss his immediate and unexplained departure from Vienna and his plans to appoint Angelo to rule in his stead. The play simply starts with the Duke saying â€Å"Esacalus†[1]. Using the noun in an almost imperative form is an indication of how much power the Duke really has and how much power the Duke will be handing over to someone as inexperienced as Angelo. This instantly begs the question why is he not leaving Escalus in charge? One opinion, which I support, is that the Duke is a Machiavellian Character who is hoping that Angelo fails so that when he returns the people will love him. Due to this manipulative attitude he cannot select Escalus as he may believe that Escalus may actually do a better job than him, something he cannot risk. This concept of deceit and manipulation is backed up by the fact that throughout the initial speech by the Duke he seems to actively aim to make Escalus feel of less value than he is worth. An example of this is â€Å"But that, to your sufficiency, as your worth is able†[2]. The use of words such as â€Å"sufficiency† appear to be designed to make Escalus feel like he is only just good enough and nothing more than that. That way the Duke does not disenchant him completely with the world of politics but instead keeps him in his place. This theory is backed up once more by Escalus’s response to the dukes rhetorical questioning in which he says â€Å"If any in Vienna be of worth [†¦] It is Lord Angelo†[3]. This line, I believe, would be read in an almost sarcastic way as if he is mocking Angelo and the Duke. Once Angelo arrives; the Dukes tone, while no less powerful and demanding, becomes more focussed on flattering Angelo than it does demoralising Escalus. The Dukes attempts at flattery such as, â€Å"Thyself and thy belongings are not thine own so proper as to waste†[4], promote the idea that the Duke really wants Angelo to take the position; perhaps he fears that if Angelo won’t then he will have to promote Escalus to the position instead. This section of the scene also introduces the idea and theme of Actions versus Words. This is primarily shown when Angelo says â€Å"Let there be some more test made of my metal†[5] implying that, while he is simply employing fake modesty, he is saying he should be tested further before he is given this position. The way the Duke says â€Å"We have with leavened and preparà ¨d choice proceeded to you†[6], I believe, is his way of saying we have talked enough on the matter brings the play back to Actions versus Words. Some people are of the opinion that the Duke is simply a bad leader who is fleeing when times turn bad. â€Å"Our haste from hence is of so quick condition that it [†¦] leaves unquestioned matters of needful value†[7] is one such occasion where this point is made as the Duke is leaving them and it appears he has not even come up with a valid reason to tell even his closet advisors and Lords. I believe that, while one cannot escape the fact that he is displaying all the qualities of a terrible ruler, this is not the primary reason for him leaving. On balance I believe that the Duke’s departure in this scene is due to the manipulative nature of his character and is driven by his desire to be loved by the people. The Duke does however claim that he does â€Å"not like to stage [himself] to their eyes†[8] but I believe this to be simple lies told by him to make himself look better and more modest in front of the other Lords, more people who he wants to love him. I believe this theory encompasses other plausible theories such as the idea that he is simply a bad leader and the theory that suggests he fears the people do not need a Duke anymore as through this theory the people would think him a great leader and they would realise that they did need a Duke. Due to this I believe it is the best theory to explain the Duke’s sudden departure.

Career Plan After Graduation From Northumbria University Essay

Career Plan After Graduation From Northumbria University - Essay Example I am currently a second year student at Northumbria University and am studying for a degree in Business with Human Resource Management. I am aiming at setting up my own business with the help of my family in the next ten years after graduating from this particular university. I made a decision with my family that I must first study for a tertiary qualification abroad so that I can gain knowledge as well as experience in running and operating a small business given that each family member going to be part of the business venture has decided to study about a particular subject connected to it. Some of the family members are studying about accounting and finance but I have decided to pursue my studies in human resources management so that I can become a Human Resources Manager in the future when we open our family business venture in Saudi Arabia. After completing my BA degree in Human Resources Management, I am planning to study for my Masters degree in the same career which will be approximately one year and after that I intend to go back to my home country where I can work as an HR manager in a government controlled organisation called the Saudi British Bank in order to gain more experience through converting theoretical knowledge I will gain from my studies into practice. This will help me to build our own family business since I will have a wealth of knowledge in this particular field which I have long dreamed of. It is my strong conviction that the experience and knowledge I will gain within the next ten years will be very important in establishing a strong business venture which can also be a source of employment to other people given that the problem of unemployment is also noticeable in my own country. Essentials of career development According to the World Book Encyclopedia (2008), a career is

Exercise 6-1 Remote Power System Exercise Assignment

Exercise 6-1 Remote Power System Exercise - Assignment Example These two units are found at the first level and the breakdown of the units goes into the second and third levels. Moreover, there are other units such which are the core of the project and cannot be placed in the second or third level (Schwalbe 76). Level 2 is mainly made up of deliverables that are clearly tangible and recognizable. The other levels consist of activities and tasks that build up on the project. The remote control unit is used in controlling the Remote Power Motor System (RPM) through the use of different components. The major project milestones are put together in level two of the project. In the case of our project we put together the following sections: Training, Budget Control, Data Management and Project Management. These sections are must be implemented using a bottom up approach. The Project Manager is responsible for the control and overall supervision of the project (Haugan 61). Therefore, he/she is general in charge of project management which is placed at level 2 of the project. Other important services that should be placed at level 2 include data management, budget control and training. However, in our case we should concentrate on the two levels that are categorized into the Remote control and the Vehicle units. These two important levels control the remote power mower into moving and operating at optimal levels. The deliverables in this project are constituted of several important components. For instance, the remote control unit is made up of antenna, transmitter and the battery. While the Vehicle unit is made up of the receiver, console among other components. The assembly of all the components is done through various tasks. Some of the tasks that could be utilized in this project include system engineering, development test, operational test and evaluation (MiloÃ… ¡ević 82). The tasks make up important part of the project and all tasks

Case Study Essay Example | Topics and Well Written Essays - 1250 words - 14

Case Study - Essay Example ed start-up company, the Chief Information Security Officer (CISO) should be well equipped to handle a myriad of challenges and security threats posed by using online transactions. Companies like American Express, Visa, Discover, JCB, and MasterCard among others have experienced information security threats thus the new company should employ mechanisms that should protect information from both internal and external threats. The medium-sized credit card company needs to employ several mechanisms to ensure its customers and their private information remains safe and confidential. There have been cases of credit card frauds that have led to provision of guidelines to help in securing credit cards; for instance, the Payment Card Industry Data Security Standards (PCI DSS) that helps in securing credit cards data. Cyber-criminals careless users, disgruntled former and current employees present major challenges in handling network security especially the experts that target the system with aim of disrupting the normal company operations. There are major advancements that the company needs to perform to ensure cyber threats are kept at bay. Berry (2013) pinpoints several fundamentals that the company should focus on while offering its credit card services to its customers. For the company to be secure, it has to carry out the following tasks: There are vulnerabilities that are exploited by cyber criminals mostly in the operating systems, web browsers, browser plug-ins and software applications among other avenues. The company gadgets and computers that are frequently used should be kept updated thus reducing chances of them being exploited by cyber-criminals. Programs such as Adobe Acrobat, Flash, Oracle, Java, Microsoft Internet Explorer and other MS programs should be kept updated as they are mostly used during credit card usage. Using strong passwords for the cards enhances protection of the customer’s information. Cyber attackers use the loopholes of weak

Dance Essay Example | Topics and Well Written Essays - 1250 words

Dance - Essay Example a communicator, does not seem to have come all that from the time when grunts and gesticulations were the main ways of getting message across.†Ã‚ ¹ He opines that in our day to day life we mostly lean heavily on indirect gestures and charades. HDoubler in the introduction of his classic book Dance says that the basis of unrest is the necessity to live and the unrest is the activity that has a purpose, â€Å"working toward the restoration of harmony with environment or self as the case may be.†  ² The history of dance reveals that in prehistoric era it was unintentional movement to please gods and the performer had no idea that he was creating art. The movements were rhythmical sometimes whirling to go beyond the ego and to become one with the whole. Dance was the media to express the pent up feeling, emotions and beliefs. ³ The changes the people experienced through out the life span had also been the subject matter in primitive cultures. Changes of seasons and the changes that came about on the winning or loosing wars were all expressed in dances. With the development of cultures two kinds of dance emerged: social dances and magical and religious dances. â€Å"The medicine men of primitive cultures, whose power to invoke the assistance of a god were feared and respected, are considered by many to be the first choreographers, or composers of formal dances.†4. Christine Loma is of the view that existing theatrical aesthetic ignores the social context of dance; the existing aesthetic gives importance to form and content. She refutes the common theory of aesthetic and instead brings out the more ‘appropriate aesthetic’, as she suggests, which emphasizes context and intent instead of form and content. To her the role of community dance, be it ceremonial or ritual, is to reconcile past, present and future. In giving more importance to celebrations â€Å"we emphasize the relationship of self and community. We all are bearers of our community experience as individual

Critical Thinking Skills, Emotional Intelligence, and Employee Essay

Critical Thinking Skills, Emotional Intelligence, and Employee Engagement - Essay Example The process of critical thinking involves evaluating, analyzing or synthesizing the data that has been gathered through observation, reflection, communication, experience or reasoning (Foundations for Critical Thinking 1). The process is guided by the information gathered, a set of beliefs and the intellectual commitment to apply such skills to shape behavior in an organization. Critical thinking is very applicable in the daily running of the organization and can be applied in decision-making, yielding very positive results. Emotional intelligence, on the other hand, is the ability of to handle one’s emotions and control them, in order to relate well with other people in the organization (Cherry 1). Emotional intelligence entails perceiving emotions, reasoning with them, understanding them and managing the emotions. The concept of emotional intelligence is very essential in the management of an organization. It enables a manager to relate well with the employees, and apply the concept of diversity. A manager who exercises emotional intelligence works with the understanding that, all people are different. Thus, each should be listened to, and understood. Employee engagement is another very pivotal element in the running of the organization. Employee engagement refers to the emotional commitment that the workers of an organization attach to the organization and its aims (Kruse 2). In essence, employee engagement means that the workers care about the services they deliver to an organization. The concept is very relevant to the organization. An engaged employee contributes immensely to the positive growth of the organization. The three concepts of employee engagement, critical thinking and emotional intelligence are almost equally important in an organization. Without each of them, there will be dire consequences for the management of the

Creativity Essay Example | Topics and Well Written Essays - 500 words - 1

Creativity - Essay Example As a person puts in years of experience and simultaneously keeps himself retrained in the current developments as explained above, his/her experience becomes that much richer and hence valuable to an organization. This fact is borne by several examples in all fields of employment such as machinists or accountants or front-office executives or management staff etc. Current education is important at all levels since developmental changes occur everywhere all the time - a new machine may have the most up-to-date electronic controls; an accounting software may be upgraded to take care of current laws; a front-office executive may be asked to handle additional tasks; a manager may be slated for a higher post with a significantly changed role, etc. Hence investment in knowledge addition should be considered as adding to the resource base of any organization. In existing employees, the personal records will reflect the existing skills and the need for additional skills. In new recruits, the selection process through skill tests and interview will determine the candidate’s credentials. In exceptional cases, if one has to trade off experience with current education, preference will be given to experience provided the candidate displays a positive attitude towards skill up gradation. A management mistake leads to underperformance by a resource – the resource may be an employee, process / procedure or equipment. Common management mistakes can be identified as a) not matching needs with the means b) deploying under-paid and unskilled employees c) insufficient role clarity d) insufficient delegation e) failing to identify skill gaps and training needs f) lack of succession plans etc. These are just a few of many such short comings in management (dummies.com, 2010). Every organization must have clear cut objectives in both product/service offerings and financial performance. In order

Barnabas Medical Centre Essay Example | Topics and Well Written Essays - 1750 words - 14

Barnabas Medical Centre - Essay Example 2. The power boundary between Dr. Tony, the Associate Chief Medical Officer, and the departmental managers could jeopardize this process, especially if Dr. Tony opted not to cede power to them to come up with a solution to the problem facing BMC. Â  There could also be a conflict between the departmental managers as they sought to establish how each department influences the other. This was overcome through Dr. Tony’s effective relationship and communications management. Â  3. In this case, leaders encompass all that offered support and facilitation in the process. Dr. Tony exhibited emotional intelligence as a leader, self-motivating and motivating other members of staff towards the realization of the intended goal and showing social awareness. He shared authority and collaborate knowledge. Departmental managers exhibited their active leadership by engaging in the problem-solving process at BMC. Â  4. The factors that made the collaborative effort successful included Dr. Tony’s effective collaborative leadership and his effective management of communications and relationships. His knowledge of BMC’s ED situation and knowledge and skills on healthcare operations also made the collaborative effort successful. Â  1. The leader-followers boundary posed a challenge as the followers (medical staff) could resist the change by their leader, Dr. Till, in adopting the proposed changes. There was also a challenge between the organization and the government, such that, whereas the hospital management seeks to provide the best services to Willow Springs residents, the government cuts the needed financial aid. Â  2. Dr. Till is a leader in this case, having ceded his power to the medical staff to allow them to come with effective solutions for Willow Springs residents. He served as a servant leader by supporting and facilitating the workload with the medical staff.

Innovationwithin the Music Industry Dissertation

Innovationwithin the Music Industry - Dissertation Example Compared with rock music, reggae music basically inverted the role of bass and guitar: the former was the lead, the latter beat the typical hiccupping pattern. The paradox of reggae, of course, is that this music "unique to Jamaica" is actually not Jamaican at all, having its foundations in the USA and Africa. (.www.history-of-rock-music.com/age/Reggae.php - 6k -) Post World War II saw the emergence of various Caribbean music forms, notably steel-pan music of Trinidad and Tobago. In the late '40s and early '50s, Jamaican musicians began combining the steel-pan and calypso strains with an indigenous mento beat (e.g. Harry Belafonte - Jamaica Farewell). During the 1950s Jamaican youth was turning away from the American pop foisted on them by Radio Jamaica Rediffusion (RJR) and the Jamaican Broadcasting Corporation (JBC). Weather conditions permitting they listened instead to the sinewy music being played on New Orleans stations or Miami's powerful WINZ, whose playlists included records by Amos Milburn, Rosco Gordon, and Louis Jordan. Significant New Orleans artists of the time included Fats Domino, Jelly Roll Morton, Champion Jack Dupree, and Professor Longhair. It is surmised that the delay effects which are an important part of the reggae/dub sound may have initially been inspired by the oscillations in the signal from these far away radio stations. During this period, Jamaican bands began covering U.S. R&B hits, but the more adventurous took the nuts and bolts of the sound and melded them with energetic jazz conceits - particularly in the ever-present horn section - and emerged around 1956 with a hybrid concoction christened ska. Ernest Ranglin, the stellar jazz-rooted Jamaican guitarist who backed up the Wailers on such ska classics as "Love and Affection" and "Cry to Me," says that the word was coined by musicians "to talk about the skat! skat! skat! scratchin' guitar strum that goes behind." Practically overnight, ska spawned a major Jamaican industry, the Sound System, whereby enterprising record shop D.J.'s with reliable U.S. connections for 45's would load a pair of hefty P.A. speakers into a pickup truck and tour the island from hilltop to savanna, spinning the latest hits. D.J.'s also gave themselves comic book nom de plumes like Prince Buster and Sir Coxsone Downbeat.