Search Of A Life By Erin T - 1499 Words

In Search of a Life†¦ by Erin T. #30 You and your family are peasant farmers, and considered second class in China’s social levels. People treat you and your family with respect because you plant food for them to eat, a necessity for life. People are very thankful for people like you. Your family consists of four: your father, who has a deep, rumbling voice and a strong body-build from years of farming; your mother, who has long black hair and a slender body; your sister, Xiao-Yun, whose name means Little Cloud and is in every way like one; and you. You love your family, and work hard alongside your father to make a living and support your small family. You usually have good crops, to eat and to sell and trade. Your father knows all the best crops to plant at the right times, and knows when the weather will change. He can barter and trade the crops when needed. However, this year, there has been a terrible drought, and all the crops have withered. Without the crops, your family will starve without food and income! What will you do? If you decide to stay, turn to page 2. If you try to find a new job, turn to page 3. You decide to stay at home at help out around the house. The drought can’t last very long, you think. It will rain soon. The longest drought that ever happened was in the Shang Dynasty, when many merchants thrived, because of a terrible emperor. You pray to the gods for rain and sun, and you also pray for theShow MoreRelatedEssay on A WOMAN DOING LIFE NOTES3059 Words   |  13 Pagesï » ¿ CHAPTER 2: When ERIN is send to prison, where she is supposed to live for the rest of her life She is impress on how different is from what she thought it would be She is careful with people, because of what she lived while in jail She had adopted a strategy of PSYCHOLOGICAL DENIAL in jail 603 years she faced with denial to settle into a new routine in that new world She had reached a dead end: she is not going anywhere She pretend to be well, a lifesaving lie that leads to her acceptance of herRead MoreThe Liberal Arts: Creating a Citizen for a Community Near You1497 Words   |  6 Pagesbetter society. Liberal Arts try to grasp the knowledge and skills humans have used to rationally understand human existence for thousands of years. 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Risk and Risk Management Example

Essays on Risk and Risk Management Book Report/Review ï » ¿RISK RISK MANAGEMENT Article Citation Fenton, Reid Holm, James (2009) â€Å"The Capital† CanWest Digital Media Three Hills, AltaCanada April 8, 2009 Main Issue of the Article The article focuses on the definition of risk management. It identifies the elements of price risks and then goes ahead to make very practical recommendations. The authors define risk as having to do with the future and uncertainty that every business faces in its existence and operation. Due to the fact that we cannot tell what will happen in the future, there is some kind of uncertainty and risk that is inherent in every business. They stress that risks analysis is about the study of variations and the distribution of outcomes from present actions in the future. In other words, risk analysis looks at the number of possible outcomes that a business decision or action is likely to result in. It examines the various possibilities that the business is likely to face in the future, both the upsides and the downsides. Risk management involves the use of techniques of planning to reduce the negative effects of the uncertainties as they are likely to occur in the future and increase the positive effects for the business. So risk management entails the measurement of the likelihood of a risk occurring and then taking reasonable action to ensure that they either do not affect the business adversely or their effects are reduced drastically to ensure that the business meets its objectives. The authors identify price risks to be the major element of risk management concern in businesses. This is because prices of goods and services acquired for production and the prices of products sold are necessary in determining the profitability of a business. They define price risk as any event that causes an unfavorable outcome to the financial health of a business. It varies from fluctuations in prices of goods purchased and changes in the price of products they sell on the open market. Relationship to Course The paper makes practical recommendations about how a business should apply the principles of risk management in real life. It shows that when a business is faced with financial risks, it has to do one of five things. First of all, the business can reduce the probability of the financial risk affecting it. This can be done by totally avoiding problematic situations and conditions that can adversely affect the finances of the business. This can be done by refusing to deal with high risk partners and the avoidance of high risk situations altogether. Secondly, there is the option of reducing the impact of a given financial risk on a person's business. This can be done by being careful about the extent you go in negotiations and contracts based on the financial risk involved in transactions, particularly those ones you cannot avoid altogether. Thirdly, they recommend that in some cases, a manager needs to transfer risks to a third party. In other words, when you are in practice as a manager and you identify financial risks, you might want to insure that bit of your business in order to get some kind of cover in the event that the risk actually occurs. A fourth recommendation they make is that a manager can avoid risk drivers as much as possible. This means that a manager can consider outsourcing whenever s/he notices that a risk driver is inherent in a given transaction. This will ensure that they will steer clear off potentially explosive events and activities. However, in other situations and conditions, there is the need to bear the risks. After all, doing business is about taking risks and profiting from them. There are some risks, especially risks that are related to the core function of the business that cannot be avoided in anyway. In such a situation, a manager must improve core competencies of the business to ensure that those financial risks are handled effectively and efficiently to ensure that optimum profits are acquired. They also recommend that financial risks can be handled by producing what is in demand. This way, the business will always be sure to make healthy profits. Another option is to increase production so that costs fall. They also recommend the use of insurance in high risk transactions. A manager will be safe if he has a proper awareness of the market and production issues. This way, s/he can do realistic planning and projection and monitor the results. A risk-management inclined manager will always check the prices of universal drivers like crude oil and the financial/credit markets. They will watch seasonality, exchange rate and vary purchases wherever necessary. Profitability is the guideline for financial risk management. Personal Reflections From this article, I think risk management is the very essence of management. It is a practical urges the manager to stay on the look out for changes in the environmental factors and then make changes as appropriate. Hence, the article gives me a very practical view of how risk management works in the real world. However, there are some inherent difficulties that limits the scientific nature of risk management. It is clear that no one can forecast the future accurately. This therefore means that in as much as a manager tries to remain current and informed, some uncertainties in the future can make it difficult for him to get his risk management right. This will create major failures and can affect profitability, although the right thing is done. I think that a manager will only have to do his best and try to get information from the most credible sources only. This way, he can always have the cause to believe in the risk management strategy he is using and get justification for it in spite of the fact that the future cannot be predicted securely.

Solidarity Family and Emotional Closeness Essay Example For Students

Solidarity: Family and Emotional Closeness Essay SOLIDARITY-the feeling or expression of union in a group formed by a common interest. This view of family relations provides an important framework for understanding the roots of familism—the factors that contribute to the maintenance and/or development of loyalty within families. Emotional closeness between parents and children and its impact on the quality of the parent-child bond is explored in research into the intergenerational stake (Bengtson and Kuypers 1971; Bond and Harvey 1991) and intergenerational solidarity (Bengtson and Schrader 1982; Roberts and Bengtson 1990). For example, the intergenerational stake hypothesis explores the cross-generational nature of emotional closeness between parents and children. The hypothesis holds that: (1) parents descriptions of the relationship will be more positive than childrens; and (2) different levels of investment and development may account for these variances in relationship perceptions. The intergenerational solidarity model goes a step further, looking at emotional closeness or affect between parents and children as just one of six indicators of solidarity or integration between generations in a family. In a study examining the relationship between acculturation and family solidarity in Hispanic-American families, Julian Montoro-Rodriguez and Karl Kosloski (1998) find that for two dimensions of attitudinal familism (familial obligation and support from relatives), acculturation is positively related to familism. This means, contrary to assimilationist perspectives on family ties, that as Hispanic Americans become acculturated to the dominant Anglo culture, they continue to maintain and further develop loyalty to their families. That is, familism persists over time despite changes in, for example, language proficiency and preference, and ethnic origin of friends.

The World I Come From Essay Example For Students

The World I Come From Essay 1) I come from a world where most of the time dreams never come true. It doesn’t matter how much you fight for them, they just keep running away. When I was in college, in my country (Cuba), I was filling a paper like this one telling what I wanted to study as a major. At that moment all I wanted to be was a Designer. I still remember that day perfectly, it was raining a lot, and the restless wind start to get inside the classroom making that unique noise of horror movies. Our professor was sitting in his desk waiting patiently for us to finish our assignment. While we were working on it he stand up and said: â€Å"remember that everything you want to be it’s going to change the way you live and the things you like†. I didn’t understood what he was talking about, but now I do. Two years later I was almost done with school. I was happy, dreaming of working at the Industrial Design Building. Then a professor comes to me and says: I’m sorry but there’s no more space in the building. We will write a custom essay on The World I Come From specifically for you for only $16.38 $13.9/page Order now And I asked in a sad tone: Why? He told me this: Right now the country doesn’t need designers so they are cutting down the jobs, I’m sorry. That’s why I came to this country. Here I have the opportunity to start a new life were everything is possible, I just have to keep fighting, because people that refuse to get nothing but the best, they often get it. Back in my country, family and friends was all that matters. They are the ones that make life so much better; they were always there for me, in the good times and in the bad ones. The school was that place where people of different cultures and religions where united in a wonderful group call students. All this has made me who I am at this moment; a person that never surrenders. And even though I regret some things, I’m happy that they happened that way, because I learned from them that life is all about loving and never giving up. Also I learned that everything happens for a reason, our duty is to find it. 2) I’m working towards a Psychology major because I’ve always been interested in understanding how human brain works and why people do what they do. I have a little bit of experience in this field because I’ve read a lot of self improvement and psychology books and I’ve helped a lot of my friends to go through hard times in their lives. This takes me back to Cuba again. I was sitting in the bus stop with my best friend, called Christian. In just an instant a noisy car passed by and the only words I heard from my friend was â€Å"I broke†. Once the car disappeared in the foggy distance I asked him: You broke what? And he looked down and said: I broke up with my girlfriend. There was a long silence after this and nothing came out of my mouth. Then he raised his head and looked at me and I noticed his watery eyes. That was when I decided to help him with everything I could. This is what I told him: Chris, she will never find a person that will love her the way you did. You were her everything, you were always helping and making her feel good and beautiful. Once she is away from you she will start missing every part of you, and then she will regret the decision that she took. And even though, don’t be sad, take this as a lesson to understand what wasn’t working and why. Go out with some friends and girls and enjoy your new girlfriend: Freedom. There are a lot of women out there waiting for a guy like you. My goal with this conversation wasn’t to elevate his ego, my true goal was to give him hope and to make him understand that there’s a whole world out there waiting to be conquered and that if something makes you feel bad there’s always a solution, you just have to stand up and go for it. .u90086e5c6319a6c452e240cf5c558878 , .u90086e5c6319a6c452e240cf5c558878 .postImageUrl , .u90086e5c6319a6c452e240cf5c558878 .centered-text-area { min-height: 80px; position: relative; } .u90086e5c6319a6c452e240cf5c558878 , .u90086e5c6319a6c452e240cf5c558878:hover , .u90086e5c6319a6c452e240cf5c558878:visited , .u90086e5c6319a6c452e240cf5c558878:active { border:0!important; } .u90086e5c6319a6c452e240cf5c558878 .clearfix:after { content: ""; display: table; clear: both; } .u90086e5c6319a6c452e240cf5c558878 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u90086e5c6319a6c452e240cf5c558878:active , .u90086e5c6319a6c452e240cf5c558878:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u90086e5c6319a6c452e240cf5c558878 .centered-text-area { width: 100%; position: relative ; } .u90086e5c6319a6c452e240cf5c558878 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u90086e5c6319a6c452e240cf5c558878 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u90086e5c6319a6c452e240cf5c558878 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u90086e5c6319a6c452e240cf5c558878:hover .ctaButton { background-color: #34495E!important; } .u90086e5c6319a6c452e240cf5c558878 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u90086e5c6319a6c452e240cf5c558878 .u90086e5c6319a6c452e240cf5c558878-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u90086e5c6319a6c452e240cf5c558878:after { content: ""; display: block; clear: both; } READ: Rise of the Superpowers (USA and USSR) EssayMy friend was thankful to me for what I did and he encouraged me to go for Psychology as a professional career because he said I knew how to stay calm and how to face most of the problems that people struggle with. Days passed by and my desire to work helping people made me feel like I was becoming a better person so I started to read and learn everything I could about psychology and I even did some social experiments with my friends. Thanks to all this I feel more prepared to confront problems in life and to help others to deal with their issues. All this experiences in my life made me change my idea of who I wanted to be. Now I don’t want to be sitting in a desk designing cars, products, machines or clothes. What I really want now it’s to be out there helping everyone and learning everything I can to make life easier and happier for all the people that surround me.

Stickley Furniture. The Production Process in Supply Chain.

Vodafone Strategy, Business Information and analysis

Vodafone Strategy, Business Information and analysis Introduction Vodafone is a United Kingdom based company founded in the year 1984. It has invested in many telecommunication companies, in different parts of the world. This means that its services are used in many countries in the world. It specializes in the provision of telecommunication services such as the voice calls and the messaging system services.Advertising We will write a custom case study sample on Vodafone: Strategy, Business Information and analysis specifically for you for only $16.05 $11/page Learn More Currently, the company is ranked as the largest in the world in terms of revenue. This is mainly attributed to the idea that it has invested in other telecommunication service providers in the world that have over the years been making huge profits. However, in terms of subscribers, Vodafone is ranked second in the world after the China Mobile. As at 2010 it was estimated that the China Mobile Company had over three hundred million subscribers . The objectives of the paper This paper will try to look at the Prahalad and Hamel’s core competence issues and ideas. That is, the issues that have been raised by the two people in regard to strategic management in corporate companies and organizations. The paper will further look at how Vodafone has made use of these ideas to remain ahead of its rivals in the United Kingdom and the world at large. Vodafone has been chosen as a case study for this paper because it is the leading telecommunication company in the world in terms of revenue and subscribers. In the last section of the paper, the contributions made by Prahalad and Hamel in the field of strategic management shall be addressed. This will involve looking at some of the available theories so that the points can be well illustrated. In the end, a conclusion of the points raised will be given so that a common ground regarding this topic can be achieved. Prahalad and Hamel’s core competencies According to these t wo people the company should have a clear outline of what it wishes s to achieve in a given duration of time. They say that this is very important because it can be used to gauge the growth of the company over time.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More They have given examples of two companies, GTE and NEC, which were the greatest rivals in the 1980s and early 1990s. They say that NEC was a smaller company compared to GEC in the early 1980s. However, due to proper planning and organization, they have observed by the late 1980s NEC had out done GEC in terms of sales. On the other hand, they argue that in order to remain competitive in the market, a company needs to diversify and improve on its products. Such a move they argue may go a very long way in making sure that the company remains relevant in this competitive world. For instance, we find that the NEC top mana gement decided to make semi conductors as its main core product. As a result, the company had to make sure that it makes the best semi conductor at a very low cost. This went a long way in making its presence felt in the market in spite of the existence of other players. In order to have a competitive advantage over their rivals, the companies should integrate multiple streams of technologies and have in place a team that is able to coordinate the production of goods in the company. Moreover, they have claimed that production of smaller items able to perform similar tasks makes the company remain at a competitive edge than its rivals. The company’s ability to establish an effective communication is another way of establishing competence. According to them, the company should be able to know the needs of its clients. This can only be possible if it has created an effective line of communication with clients. Moreover, they have observed that it is important for the concerned c ompanies to establish subsidiaries in different parts of the world. They argue that such a move will increase revenue because there will be no tax levied on such goods. As a result, the products will be cheap and hence accessible to many. They have also noted that it is very critical to establish a research and development center. This according to them will help the company address the needs of the people effectively. The research and development centers are meant to help the company develop goods and services that are easily accepted in the market.Advertising We will write a custom case study sample on Vodafone: Strategy, Business Information and analysis specifically for you for only $16.05 $11/page Learn More The employees who are the main players in the success of the company should not be ignored. In fact, in order to increase their input in the company they need to be paid better wages than the rival companies. This will reduce the chances of another company poaching the experienced staff. Besides monetary issues, employees should be given a good working environment. Many companies have often blamed their employees of laxity while it is the one that fails to provide the necessary environment for them to work under. These are some of the issues that some companies have ignored. As a result, their company does not record any significant growth as others who have adopted the above strategy. According to them, the core competencies are characterized by a number of factors. Firstly, the company must be prepared to provide a wide variety of markets for goods and services. That is, by way of diversifying products and services the company stands a better chance of conquering the markets than its rivals with a single product. Secondly, the core competence of the company should ensure that customers have a positive perception of goods and services. The value of the products must perceived by the customers just as designed in the company. They should see the benefits of the designed products. This means that the clients who buy such products should enjoy the benefits that come with purchasing such other than regret buying it. Lastly, they have argued that core competencies should be difficult to be imitated by other organizations. According to them, a company cannot claim to have core competencies if other companies can easily copy and imitate what they claim to be their core competencies. They acknowledge that although the rival company may copy some features, it should not be possible for such company to get the inner details of such core competencies. The application of Prahalad and Hamel’s core competencies in Vodafone Based on what Prahalad and Hamel have said as the core competencies of an organization, Vodafone has adopted most of them, and this can be explain why the company has remained as one of the major players in the telecommunication industry. According to Scholz (2008), the company has an every - year plan where its growth is evaluated based on its performance in the previous years.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More He has observed that, the company’s top brass has to make sure the goals set are realized by allocating each department its own goals. The head of the department further delegates the set goals to each person within his or her department. This means that every person within the company has set goals that have to be realized at the end of the year. As a result, each department is held responsible if has not achieved the set goals. He argues that reports are usually produced at the group level although the senior managers can access them before other members. He has noted that it is the duty of the senior managers to call the departmental heads to enquire why the established targets have not been met. According to him, the company has recently introduced a policy where its members of staff are paid bonuses at the end of the year based on their performance in the entire period. Therefore, there is increased competition amongst staff as each tries to achieve the set benchmark. Th is he says explains why the company has continued to record significant growth year in, year out in terms of revenue and customers base. In addition, Vodafone has diversified its mode of operations. This is according to Gruber (2005) who has stated that mobile phone companies are known for providing calling and messaging services. However, Vodafone has moved a notch higher and has introduced a number of services to its clients, not only in United Kingdom but to the rest of the world where it operates. For instance, he has observed that the company introduced internet services to its customers with internet enabled mobile phones. He argues that this is a major milestone to the company because there will be an increase in revenue from the internet besides the one from voice calls and the messaging system. In addition, he has stated that, the company has introduced the fixed data internet service. This entails providing internet services for use in the computers. This according to him has not only forced the other providers to lower their internet charges but also increase their penetration in the market. The company in the year 2007 introduced an exclusive service to its clients operating under the Safaricom brand in Kenya; it was the MPesa service where people were able to send and receive money using their mobile handsets. According to Amason (2011), this service was designed by Vodafone in the United Kingdom but was tested in Kenya where it has revolutionized the mode of sending and receiving money. This he says earned the company much respect all over the world. He says that the company has continued to be honored by many organizations for such an achievement. The idea of diversifying the products and services offered to the customers has been well illustrated by Prahalad and Hamel. According to Amason (2011), Vodafone has heeded to the advice given by Prahalad and Hamel. He has observed that the company has moved a step further and introduced numerous tarif fs to cater for the different classes of people in the society. He notes that this is a strategic move to capture the poor and the rich in the society. As a result, he has claimed that the company has continued to record an increase in the number of subscribers all the years it has been in operation. Its rivals have been forced back to the drawing board to look for modalities on how to counter the move by the Vodafone Company. Therefore, he argues that having a proper guideline on how the company should be operated and run is very important. Vodafone has created a good working environment for its employees. This is according to Dodd (2002) who argues that the company has a policy of rewarding its top performing staff. He says that this is a positive move aimed at improving the performance of the employees. Moreover, the company has allowed its employees who wish to further their studies to do so. He says that the company has a policy of providing financial assistance to such staff a nd consequently promoting them once they are through with their studies. This he says has enabled a good number of its staff devotes all their energy to the company as a sign of appreciation to what it has done to them. This has gone a long way in propelling the company to greater heights of success. In order to meet and address the needs of its clients fast and effectively, Vodafone has introduced a customer care number where its customers can call and share the issues and the problems they may be having. As Prahalad and Hamel argue, it is very important to have a communication line between the company and its clients. As Hitt (2009) notes, the company records all the queries from its customers so that the problems raised can be addressed immediately. This gives Vodafone a competitive advantage because the problems raised by one customer are addressed so that they do not recur in future. As a result, subscribers will always be satisfied with the kinds of services being offered to t hem by the company and hence remain within the network. This will prevent such subscribers from contemplating any attempts of moving away from the network because, the other networks may not be providing quality services as the one being provided by the Vodafone Company. The company has also introduced a reward system for its subscribers. This is according to Hitt (2009) who says that the subscribers earns points depending on the amount of airtime they spend calling within or outside the network. He says that the company policy is to give back to its customers. He argues that after a subscriber has accumulated a certain number of points he or she is allowed to redeem them to earn talk time, free data or even free messages across all networks within the United Kingdom. He argues that all these services are offered so that the company can retain and add in its customer base. He argues that this service has been spread to all the countries where Vodafone operates or its subsidiaries. I n addition, Amason (2011) has argued that the company has also gone a notch higher and introduced a service for its client to borrow credit in case they run out of the one they have. This service has been welcomed by many people because they do not have to worry of running out of credit along the road. He says that a person is required to dial a specific number to select the amount he or she want credited to the mobile handset. However, he notes that this is not a free service because one has to repay the advanced credit within a stipulated time. An interest of ten percent is charged on every credit advanced. This has made Vodafone make millions of money from these advances. As a result, it has continued to grow in terms of revenue and has been ranked as the leading telecommunication company in the world. We can say that Vodafone Company has fully utilized the points given by Prahalad and Hamel in the Core Competence of the Corporation. Evaluation of Prahalad and Hamel’s wide r contribution to the field of strategic management Prahalad and Hamel have been regarded as the pioneers of strategic management. This is because most of their writings in the early 1990s have inspired many companies to adopt their way of thinking. Strategic management refers to the plans laid down by the senior management team as a path to follow in order to achieve the desired goals. This according to Hitt (2009) entails the utilization of readily available resources so that what the company intends to achieve is realized. He says that an organization needs to have its vision and objectives from the day it began its operations. Woods (2001) argues that Prahalad and Hamel have brought about some ideas that are very useful in the field of strategic management. According to him, the management team should have a vision of how they want the company to be after a number of years. For instance ten years. He says that this is paramount because it helps such people to have proper plannin g as they intend to achieve such a goal. This is also another way of ensuring that the company stays ahead of its competitors because of prior planning. Furthermore, Prahalad and Hamel have brought about the issue of influence within the industry. According to Gruber (2005), a company that wants to remain ahead of its competitors should invent policies that will affect the other players in the market to follow the same trend. That is it should redefine new ways of conducting business. In his remarks, he has said that Prahalad and Hamel see a successful business as a rule maker for the others other than the rule taker. They say that this gives the company a more bargaining power compared to others in any kind of business competition. The other contribution by Prahalad and Hamel in the field of strategic management has been the issue of dangers posed by the upcoming competitors. According to Harrison (2010), the company has to keep on improving the services it offers to its client in order to retain them. He has noted that the new players in the market are offering their services at a cheaper rate in order to poach customers from the already established companies. To counter this effect, Prahalad and Hamel had recommended that, the company needs to introduce other services that will be exclusive for their clients alone. This they said would go along the way in ensuring that customers do not move to other competitors. Another point given by Prahalad and Hamel in regard to strategic management has been the issue of downsizing. They have noted that some companies spend a lot of money in salaries. Owing to the improvement in technology, he says that these companies need to embrace technology which is would help the company cut down its expenses. Strategic intent This is used to refer the objectives of the company as continues with its operation in a given area. According to Harrison (2010), the company ought to have a guideline that will help in the day to day runni ng. Prahalad and Hamel argued that strategic intent involves an active management process that zeroes in on the organization’s attention on the essence of winning, motivating the members of the public by way of informing them the importance of their target. In addition, they have said that it is very important for the company to set up a chasm between the ambitions and the resources. According to them if a company wants to achieve a long term success, it is important for it to remain consistent by sharing the intent within the organization. They say this is a good way of driving a company to greater heights of success. Strategy as related to stretch and leverage in the business environment Prahalad and Hamel have argued that proper planning within an organization can make it the rule maker other than the rule taker. They say that some of the best performing companies in the world today have had big ambitions that they have managed to accomplish. They say that these companies have found a less intensive way to meeting their targets. It is at this point that they say that leverage complements the strategic allocation of resources. They claim that this is only possible if the resources are concentrated around the strategic goals, making sure that the resources are accumulated in an efficient way. In addition, this can happen through complementing some resources with others, as well as taking care of resources whenever possible. According to them, this can happen through the recovery of resources from the market place as fast as they can. Theories A number of theories have been brought forward to explain the strategic management debate. Some of them include the quantitative approach, the system perspective, and the human resource approach. According to Amason (2011), the human resource approach theory emphasizes that people should be managed by way of looking and understanding their psychological make up and needs. This means that the company should not pro vide services or goods that are not of any interest to the people. In the Quantitative approach theory, he argues that the management perceives making decisions based on the opinions of the senior managers. This is a very efficient way because it allows ventilation by all people concerned. The systems theory views an organization as made of inter related parts that have to be involved in every step of decision making by the company. This is because failing to involve one part of the system may result in a negative impact on the company. Conclusion Management of a business corporation requires people with thorough knowledge on how it should be run. We have found that Vodafone has become the world leading Telecommunication Company because of proper planning by its senior management team. It would, therefore, be necessary for other companies involved in this kind of business to try and get some concepts on how well they can run their businesses. Such a move would go along the way in ma king sure that they improve on their performance in the future. Reference List Amason, A., 2011.Strategic Management: From Theory to Practice. New York: Routledge. Dodd, A., 2002.The essential guide to telecommunications. New Jersey: Prentice- Hall, Inc. Gruber, H., 2005.The economics of mobile telecommunications. Cambridge: Cambridge University Press. Harrison, J., 2010. Foundations in Strategic Management. Mason: Cengage Learning Hitt, M., 2009. Strategic management: competitiveness and globalization: cases. Mason: Cengage Learning. Scholz, C., 2008. Human Resource Management in Europe. Oxon: Routledge. Woods, A., 2001. Strategic management: a fresh approach to developing skills, knowledge and creativity. London: Kogan Page Limited.

Art of Negotiation - advantages and disadvantages Assignment

Art of Negotiation - advantages and disadvantages - Assignment Example It is essential to adequately represent your interests, to make propositions on the solution of the problems discussed at negotiations. The negotiations will not be advantageous if a partner enters negotiations not considering their needs and purposes, difficulties and possible consequences. In this case a partner will be able only to make countermoves, i.e. react, but not to act. The negotiations will not be successful if in response to the statement of the partner the negotiator behaves not efficiently, but too emotionally, does not provide arguments, but only defends the position. Negotiations fail in case if a partner does not provide new facts in response, doesnt make new propositions, but simply states the known positions, which prevent the both parties from coming to mutual agreement. The negotiator isnt guided by common interests of joint responsibility for common business, doesnt allocate this aspect. It is important to reach the agreements, which would satisfy the interests of the whole society, not only the personal interests of the