Entrepreneurial Management and Leadership - Individual Reflection Assignment

Entrepreneurial Management and Leadership - Individual Reflection - Assignment Example A corporate organization can only succeed in maximizing productivity with the essence of good efficiency in all its factors of production. However, among all the factors, entrepreneurship acts as the underlying driving force, that helps a corporation to operate competently, through proper amalgamation of all other resources in business. Thus, within a corporate setting, the need for entrepreneurship is indispensable. Good quality of entrepreneurial activities is crucial for success of any corporate organization. So, it is highly rational to foreground the various opportunities via which an organization can enhance its entrepreneurial skills. Senior managers or entrepreneurs are present in every organization. Nonetheless, enhancing entrepreneurial skills involves ways through which new ideas as well as promoters in business can emerge, along with the essence of effective entrepreneurial management. These opportunities or ways are: When a corporate organization enhances its entrepreneurial opportunities, then it also faces several challenges in business. These challenges might hinder proper promotional growth of an organization. These challenges are: Lack of proper financial reserves in an organization often forces entrepreneurs to be risk averse in business. The officials in such situations face circumstances, where they can promote new ideas, but due to lack of proper fund, they fear undertaking risky initiatives in business (Brown 166). Strict government regulations and policies in a particular industry often force corporate firms to be less productive at their work. Under such situations, the government authorities impose heavy restrictions on companies, thereby reducing their market power in the industry. Challenges are bound to arise when an organization tries to enhance its managerial and leadership attributes. However, there are effective ways through which

Scientific Management Matrix Assignment Example | Topics and Well Written Essays - 250 words

Scientific Management Matrix - Assignment Example Scientific management actually allowed the managers to view the work in more rational manner and ensured that work is completed in professional manner. Scientific management is relevant to today’s managers because it can allow them to plan their activities in advance and apply more efficient methods to accomplish the tasks. I believe that scientific management was the beginning of a completely new era in the field of management. The current stream of knowledge on modern management basically evolved from scientific management and earlier theorists such as Frederick Taylor contributed greatly towards the development of this discipline. Scientific Management will influence the way I consider the work and its accomplishment. This means that integration of scientific management into my personal management framework will allow me to actually see how management actually evolved and what were the key weaknesses of scientific management which I as a manager must consider in order to successfully implement them into real world

Technology and the Teacher PowerPoint Presentation

Technology and the Teacher - PowerPoint Presentation Example With every new advancement in technological tools they tend to become even more interactive and attractive for their users. These tools are immensely effective in the classroom. It is expected that each of the tools would enhance the delivery of lecture on the instructor’s side and would enable ease of understanding on the side of the student. Acting as a helping hand for the teacher, these tools aide in delivering the concept with the help of embedded techniques within them that may practically be impossible for the teacher to deliver personally or merely with the use of hand. The speed and flexibility associated with computers enables the representation and comprehension of concepts via digital imaging. The student dragging and clicking the mouse and the digital response that the learning software generates invokes the understanding and responses of the students themselves. The ability to zoom in on images, rotation of figures and embedding of animated characteristic features like avatars etcetera enable imagination of the students to extend way beyond the written text and conventional methods of teaching. The ability of digital tools to scale real world objects into many forms is one of their major advantages. The manner in which digital classroom tools encompass a variety of information within themselves that practically has limitless boundaries enables the transmission of a large variety of information in much less time duration. The plan to manage technology tools like Prezi in the classroom is to use it in combination with the verbal lectures that are directly transmitted to the students. Prezi is designed to be a cloud based software application that enables the creation of presentations on a virtual canvas. As an example a lesson plan about teaching the concept behind â€Å"The Water Cycle† is attached at the following

Duty of law Essay Example | Topics and Well Written Essays - 2500 words

Duty of law - Essay Example Emphasising on this understanding, the essay will aim at addressing the principles mentioned under the Corporations Act 2001 (Cth) concerning the fiduciary duties of directors in a company. The essay will also aim at analysing the purposes and effectiveness of these statutory principles to restrict the directors from performing unethical conducts or wrongdoings, taking the opportunity of the power enjoyed by them. 2.0. Background Companies act as an artificial legal entity which can be managed with the enforcement of its human legislatures. The board of director’s form an important part of any organization as the decision making and the managerial powers remain mainly with its directors (Austin & Ramsay (2013). For instance, as stated in section 198A (1) of Corporations Act 2001(Cth), the directors are eligible to manage the company’s affairs under their jurisdiction. ... Previous instances have often illustrated unethical conducts performed by the directors, misusing their power or authority to satisfy the organisational interests above their personal objectives (Austin & Ramsay, 2013). 3.0. Duty of good faith 3.1. Code of conduct As stated under the section 181 of Corporation Act 2001(Cth), duty with regards to good faith bestowed upon directors in compliance with the interest of the management is to avoid conflicts which might arise from personal benefits (Milne, 2006). Under this provision, if the directors of a company decipher reckless attitude and/or depict behaviour of intentional dishonesty, which in turn hampers the interests of the corporation at large. In this context a director of any corporation must enforce or exercise the bestowed responsibilities and powers with regards to good faith and for a ‘proper purpose’. If the director violate this duty or responsibility they are liable for punishment under civil penalty provision under section 1317E of Corporation Act 2001(Cth) (The Legal Exchange, 2012). 3.2. Case Examples According to the case of Charterbridge Corporation Ltd v Lloyds Bank Ltd (1970) a test was conducted to find whether the decision made by the director in relation to that situation was valid. As per the case convictions, it was held that directors in a particular company owe a certain degree of responsibility towards the company’s creditors at the time of its insolvency (Sourdin, 2009). It is worth mentioning in this context that even though the provision unambiguously dialects the implications of good faith, it fails to render a precise notion of ‘proper purpose’ and thus can be deemed as subjected to the judge’s rationality when assessing

Corporate Taxes Essay Example | Topics and Well Written Essays - 750 words

Corporate Taxes - Essay Example 29) or the Code, otherwise the business is taxed under the Subchapter C of the Code. Moreover, during liquidation process, the liability of a sole owner of an S or C corporation is determined by the amount of money the owner has invested in the business, hence personal assets are not subject to the rights of creditors to seize or place a lien. Furthermore, when an entity undergoes bankruptcy proceedings and files for Chapter 11, the assets of the corporation is transferred to the bankruptcy estate, however "a transfer (other than by sale or exchange) of an asset from the debtor to the estate shall not be treated as a disposition for purposes of any provision assigning tax consequences to a disposition and the estate shall be treated as the debtor would be treated with respect to such asset" (IRC section 1398(f)). Given the above tax laws, rulings and regulations, if Susan treats her additional $80,000 as an additional stock investment, which will then increase the value of her total stock to $180,000, the for tax purposes, she will not be able to report the loss of the additional stock investment or the total value of her stock as a loss in her individual tax return. Section 1398(f) of the Code specifies that the bankruptcy estate will accrue the losses - both from operations and other items - of the business of the year that the bankruptcy process commenced. Hence, given the treatment of the $80,000 additional investment as a stock investment, on the year that Bluegill files for bankruptcy this amount and the rest of Susan's equity investment in the corporation will become the losses of the estate rather than her losses. However, the tax implications would be different if the $80,000 additional tax investment is treated by Susan as a loan to Bluegill Corporation. In this circumstance, Susan, to the extent of the $80,000 loan, is considered as a debtor. Hence, the tax treatment is different. However, the remaining stock value of Susan of $100,000 will still be treated the same way as identified above. For the $80,000 loan, during the bankruptcy proceedings, Susan can then assume a creditor's right to seize or attach lien on the corporation's assets. Any loss resulting from the bankruptcy of Bluegill with respect to the $80,000 loan can be reported in Susan's individual income tax return. There is a way for Susan, however, to claim the losses from her total stock investment in her individual tax return in case Bluegill files for bankruptcy. To be able to do this, Susan needs to file the bankruptcy right after the end of Bluegill's fiscal year. Corporation's fiscal year ends every December 31. Hence, Susan needs to file for bankruptcy right after this time. Whether the additional $80,000 investment can be considered a bona fide loan or a capital contribution or both, several factors need to be considered. First, whether the business was undercapitalized during the additional contribution. If capitalization was sufficient, then the additional investment can be considered as a bona fide loan. Another factor is the intention of Susan in giving the additional investment to Bluegill. In Adelson v. United States (Fed.Cir. 1984) 737 F.2d 1569, the court made a distinction on the difference of a loan and capital. The court stated that "a loan is

Strategic Management Discussion Paper Essay Example | Topics and Well Written Essays - 500 words

Strategic Management Discussion Paper - Essay Example supposed to save time since tasks would not have to be passed from one team to another if a cross functional team is used to handle the entire production cycle. The idea is also helped by the emergence of business information systems which allow the sharing of information between departments making cross functional teams more powerful than departmental teams alone. There are some situations where reengineering is not only a good point on the agenda, it becomes a necessity for survival. The emerging e-business environment and the world of online sales means that not only the business models followed by companies but also the methods of doing business have to be changed (Rayport and Jaworski, 2000). The case of Apple is a prime example where the business process as well as the way sales were made by the company were changed and reengineered due to the availability of technology and the presence of a new business process (Smith, 2006). Of course there can be situations where a reengineering of a process may not be viable such as the operations of a hospital where health of the patient may be more important than simple profits or an airport where safety is often more important than efficiency. A high level of turnover at a company can be sign of many different things but given the other situations which are present at the company, it seems that there are quite a few problems at Milinder Recycling which are leading to the present situation of high turnover amongst new employees. While it is heartening to know that most of the older employees have been retained, the lack of new hires sticking it out shows that there is a significant problem with the recruitment and retention process for junior members (Welch, 2005). The company needs to establish an orientation program as well as provide some on the job training for new recruits who can be shown why Milinder is a good company to work for. Since the company has noticed that older employees are easier to retain they can

Management Essay Example | Topics and Well Written Essays - 1250 words - 4

Management - Essay Example These problems are usually referred to as public information resource management or sometimes as knowledge management. According to Henry (2011, p. 155), this is â€Å"the collection, administration, and use of social and organizational data, including the development of policies and procedures for information resources and systems, for the purpose of forming and delivering public policy.† Public managers play a key role in the management of public information resources in that they assure well and operational information systems that provide critical knowledge that is used in developing strategies that ensure organizational success (Henry, 2011, p. 155). The management of resources entails the collection, administration, and the use of social and organizational data. This includes the development of policies and procedures for information resources and systems, for the purpose of forming and delivering public policy (Henry, 2011, p. 155). Henry (2011, p. 157) asserts that the use of information technology has been embraced by public bodies in information management in that it possesses a higher rate of success. This is partly due to the fact that it is more inclusive as it encourages participation of the persons affected by the particular information that is to be managed (Henry, 2011, p. 158). For successful public knowledge management, ... Thirdly, the organizational process should be the focus in the introduction and management of information resources (Henry, 2011, p. 163). Fourthly, Henry (2011, p. 164) asserts that there is need to develop strong skills among information resource managers to foster strong relationship between the managers and the rest of the organization and lastly, public policy decision making should always ensure that there is minimal risk in the management of information. However, Henry (2011, p. 164) argues that public information resource management faces numerous challenges. One challenge is the dilemma of sharing of private information via public information agencies. To cure this challenge, Henry (2011, p. 165) affirms that the government of the United States has enacted several legislations that protect individual citizens in regards the management of information. An example of such legislation is The Intelligence Reform and Terrorism Prevention Act of 2004 that created the Privacy and Ci vil Liberties Oversight Board which protects a citizen’s financial and other personal records from undue scrutiny by federal authorities or agencies (Henry, 2011, p. 166). Governments and other public agencies also fear what people may use with the information they gather. This is due to the risks associated with information technology such as cybercrime in the form of hacking, harrowing and humiliation (Henry, 2011, p. 167). To counteract this, the government and public agencies insist on certain standards in information management security. The measures include ensuring that there is compliance with standards, policies and the law, ensuring of the effectiveness of information security controls and the overall impact of the