Managemente and Leadership Essay -- essays research papers

Management and Leadership Are you a manager or a leader? This is a question that has been asked from consultants to corporations. An organization needs both management and leadership. It is good for a corporation to understand the differences between the both. I think Leaders and Managers have very clear and distinct qualities but highly interconnect together. Skilled set management and leadership are needed to achieve organizational goals. Depending on the size of an organization, management and leadership roles may be carried out by the same person, or by multiple managers who carry out the two roles. I believe that a leader is one who guides people in a certain direction to accomplish a certain goal. Every business needs leadership. Leadership is on of the ways managers affect the behavior of people in the company. In history most of the great accomplishers became leaders for an unpredictable special quality they had that let them rise to the occasion when needed. In an organization today, a leader may not necessarily be the CEO of a company. The CEO will oversee the company as a whole, whereas a manager or supervisor of a department will be the point of contact that an employee will look to for direction. Being a leader is not the same as being a manager. A leader can lead people in a certain direction, whereas a manager can manage people in their jobs. Management has put together people in groups or organizations that will help the company drive to improvements. The bi...

Whirlpool Europe

Whirlpool Europe Harvard Business School Case Study 9-202-017 The introduction of an Enterprise Resource System (ERP) [pic] ANSWER TO QUESTION 1: The Enterprise Resource Planning System is a cross-functional information system that represents an important development for Whirlpool and an important area of activity for the information management function. Instead of focusing on the information processing requirements of business functions, ERP software focuses on supporting the business processes involved in the operations of a business.The introduction of enterprise-wide computer networking makes it possible to control all major business processes within a single software design. ERP systems are commonly composed of four major parts, covering accounting, manufacturing, sales and human resources. This forces organizations to operate along business processes. Three activities that need to be carried out in order to try to match supply and demand, with which ERP system helps: 1. Forecas t demand 2. Plan the level of capacity that the operation is likely to need to meet the forecast demand, both in the long and the short term. . Control the use of that capacity. This involves the allocation of people, equipment and other resources to the various work tasks to ensure the smooth running of the operation in the short term. There is a number of benefits that Whirlpool foreseen to gain, from the introduction of an ERP system, in various tangible and intangible areas. Observable tangible benefits come from lowering costs for data communication and telecommunication. In addition, there are intangible benefits associated with improved flow of information throughout the organization.However, increased user satisfaction and response times compensate the system complexity and potential data inconsistencies. Being an integrated solution, ERP, grants benefits from increased efficiency, and improved quality, productivity and profitability. ERP software penetrates functional depar tments and can be extended along the supply chain to suppliers and customers. The ERP system, being an industrial software, helps a business manage the important functions of its business, including product planning, parts purchasing, maintaining inventories, interacting with suppliers, providing customer service and tracking order.Hence, a smoother and more transparent flow of all of these activities will mainly enhance monitoring of the supply chain. The following table reflects a smooth presentation of Whirlpool’s foreseen benefits: |Benefits |Description of expectations upon implementation of the ERP system | |Working Capital Reduction |Make its supply chain more transparent and efficient. | | |As a result, eliminate 8 days sales of inventory (DSI) of allocated and reserved unites, 9 days of transit and 3 obsolete. | |Reduce 12 days of inventory in each wave. | |Revenue and Gross Margin |Increase product availability by: | |Increase |making the supply chain more visible a nd | | |integrating sales forecasting and inventory management. | | |Enable the company to realize an increase in unit sales equal to 25% of the improvement in product availability. | |The incremental sales would contribute to increasing the profitability of Whirlpool Europe. | | |A 0. 25% gross margin increase by the second year after implementation. | |Benefits |Description of expectations upon implementation of the ERP system | |Other Cost Savings |Simplify the processing and management of customer orders. | | |Reduce the 79 order desk employees by 18%, at an average cost of $40,000 per year per employee. | |Simplify the accounting function and result in a 15% reduction in the 60 finance employees. Expected cost saving was | | |$45,000 per year for each employee that was eliminated. | | |Reduce inventory, thus warehouse space could be reduced by 15%. | | |Reduce the number of returned units by eliminating shipping errors. | | |Reduce bad debt expense and information system expens es. |From Exhibits 3 and 4, we can also analyse the following: †¢ The â€Å"West† wave enjoys the lowest DSI; as a result, it enjoys the highest rates of units sold, revenue and accordingly margin. Unfortunately the product availability percentage is low at this stage –relatively speaking- (only 73. 5%). Whirlpool targets 92% of product availability with the introduction of the ERP system. †¢ The â€Å"Central† wave has the highest DSI, thus it is most likely to be the number one beneficiary from the DSI reduction resulting from the introduction of the ERP system. It is logical to notice that the â€Å"West† and â€Å"South† waves will notice benefit of 40% improvement by the second year of implementation; this is simply because they have already enjoyed the two lowest rates of DSI even prior to introduction of the ERP system. Similarly, the â€Å"Central† and â€Å"North† waves would notice the improvement of 40% immediatel y on implementation; again this is because they both had had the highest DSI prior to introduction of the ERP system. ANSWER TO QUESTION 2:Whirlpool has carefully considered the capital expenditures, depreciation time of capital equipment as well as implementation requirements and costs (employee training, creation, testing and documentation of new business process and installation of the ERP software). This logical calculation helps out the company to evaluate the results of introducing the ERP system and estimate its profit prior to making the decision, because such innovative decisions must be profitable; and if not, they should not be introduced.Whirlpool has done a long-term capacity planning, which is concerned with decisions that take a long time to implement, and with large amount of capital investment, such as installing the ERP system. Whirlpool has carried out operations scheduling by allocating people to processes in order to get the work done, with the following objecti ves: †¢ The product or service is delivered on time †¢ The operation performs smoothly, giving optimum efficiencies †¢ The cash flow involved in the operation is balanced. The following table shows Whirlpool’s Capital Expenditures: [pic]Figures above in US$000 Depreciation = 0. 2 million as of the third year, for 5 years The following table shows the Operational Costs: [pic] Figures above in US$000 Taking into consideration the forecasted other expense savings, the operational expenditures would be as shown in the Grand Total below: [pic] Figures above in US$000 From the figures above, we can conclude that Whirlpool would absorb resources and incur costs through balancing out the operational costs against the operational savings, as follows: IT Equipment & Software: Whirlpool will pay high costs for the equipment over the first four years of implementation. It will also buy software license for the first two years; this is for the servers and clients. On top of this comes the license maintenance which starts immediately on the second year of implementation and remains paid on an annual basis. This is extra cost that Whirlpool will have to cover and justify by long-term planning and reaching a point where all this extra cost is paid back. This is explained in the following points. Human Resources: Hiring consultants for the installation and boosting of the system. Number of consultants does not remain the same, but rather reduces over time. Consultants are expected to train staff, thus their cost will end once Whirlpool’s own trained staff continue doing the job. Conclusion: consultant’s cost stops by the fourth year of implementation. †¢ Using current employees, 50 of them, reduces the cost of hiring new ones. Building their capacity at an extra cost is more feasible than hiring and training fresh ones. Operations & Accounting: Ongoing operation and license maintenance costs would increase over time, but this is met by the reductions foreseen through: o Simplifying the processing and management of customer orders. o Reducing the 79 order desk employees by 18%, at an average cost of $40,000 per year per employee. o Simplifying the accounting function and result in a 15% reduction in the 60 finance employees. Expected cost saving was $45,000 per year for each employee that was eliminated. Reducing inventory, thus warehouse space could be reduced by 15%. o Reducing the number of returned units by eliminating shipping errors. o Reducing bad debt expense and information system expenses. From the above, it is obvious that the new operational costs are balanced with the operational savings; thus by the 2005 Whirlpool would cover the operational cost of implementing this system and start benefiting as of 2005 onwards. This is seen in the positive figure under the Grand Total (103). ANSWER TO QUESTION 3: The main highlights of the study are: 1.Capital expenditure: This includes all payment that will be mad e for the project which is in this case the price of the capital equipment and software licenses (see table below). [pic] Figures above in US$000 2. Revenue: which is the inflow of assets such as cash, amount owed to a business by debtors or reduction in abilities that arise as a result of trading operations. In this case revenue increase is expected because of implementing the application. Such increase in the revenue will be a result of integration, error reduction, inventory saving, etc. 3.Cost of goods sold: this is the cost of the goods bought then sold to customers, like transportation, storage, maintenance, etc. 4. Operating expenditures, as in the following table: [pic] Figures above in US$000 The table above shows two contrasting calculations during the implementation of the ERP system: A) A reduction of: – order desk employees (0. 18 X 79 X $40,000) – finance employees (0. 15 X 60 X $45,000) – Warehouse space by 15% – Eliminate shipping errors , reduce returns by (30 X 0. 03 X units sold) – Reduce bad debt expenses – Reduce information systemsB) An addition of: – license maintenance fees to start on 2000 by $0. 1 million each year and increased by 0. 1 each next year, – fifteen consultant in 1999, nine in 2000 and seven in 2001, four for following year (average monthly cost is $15,400 X 12 month X number of consultants), and – three person task on 2000 till 2004 on $600,000 a year. 5. Depreciation expense: This is the portion of the cost of fixed assets that has been used up in generating revenues recognized during a particular period. The depreciation rate is 20% over five years (capital expenditure X 0. ). We have to be careful to stop depreciating capital expenditure after 5 years from the year capital expenditure was added, i. e. capital expenditure of 2000 is depreciated by 2005. 6. Taxable earnings: Which is the Sum of Revenue – (Cost of goods sold + Operation Expenditure + D epreciation Expense). 7. Taxes: Each company has to pay their own tax on profit, the calculation of the tax would be based on the profit of the year (Taxable Earning X Profits Tax Rate). 8. Earnings after taxes: This is the profit minus taxes to be paid which means (Taxable Earning – Taxes). . Add back depreciation: This is the same amount of depreciation but in positive value. 10. Cash flow from operations: This is equal to earnings after taxes + the add back depreciation. 11. Reduction in need for Inventory: This is the result of DSI reduction by 12 days, and as a result warehouse space reduction of 15%. 12. Cash flow: This is the total of the transactions (Capital expenditure + cash flow from operation + Reduction in need for inventory). This is the Profit amount which starts in 2001. 13.Discount Factor: This is the rate applied to future cash flows to derive the present value of those cash flows (1/(1+r)n) where r is discount ratio and n number of years. This factor keeps reducing over time. 14. Discounted cash flow: This is the value of cash flow in the coming years which equal to (Cash flow X discount factor) = Present value for that year. 15. Sum of discounted cash flow: This is the NPV (Net Present Value) which is the total discounted cash flow from 1999 till 2007. NPV is a method of investment appraisal based on present value of all relevant cash flow associated with the project.To decide whether the project is acceptable (profitable) we check the NPV (sum of discounted cash flow). In our case it is a positive figure with 23. 883, which means that the project is acceptable and profitable. Recommendation: I recommend Whirlpool corporation to proceed with the implementation of the proposed ERP system, because the NPV is positive (>0), which means that the project will add income to the company starting from the third year (2001) onwards, and as a total cash flow after taking consideration the risk, inflation and interest rates included in the discounted factor.Please double click on the table below to see how all the calculations above are incorporated. [pic] ANSWER TO QUESTION 4: Please double click on the table below to see how all the changes are incorporated. [pic] From the changes we’ve incorporated in the sheet above, we can conclude that: The higher we increased the discount rate the more we reduced the NPV: †¢ When the discount rate was 9%, the NPV was 23. 883. †¢ When the discount rate was raised to 15%, the NPV went down to 5. 824. The IRR is the discount rate which will give us an NPV of exactly zero.If the discount rate were zero, the NPV would be the sum of the net cash flows. No account would be taken of the time value of money. However, if we assume increasing discount rates, there is a corresponding decrease in the NPV of the project. When the NPV line crosses the horizontal axis there will be a zero NPV and the point where it crosses is the IRR. From several trials on the amended sheet, the following table and charts are resulted: |Discount Rate |NPV | |9% |23,883 | |15% |5,824 | 23% |1,560 | |25% |712 | |27% |(29) | From the table and chart above, as well as from excel calculations we notice that NPV equals zero when the IRR equals 26. 82. On the other hand, since the IRR here is 26. 82%, which is > cost of capital (15%), we conclude that the project is accepted. Recommendation: I would recommend Whirlpool to consider the low discount rate if it seeks good return on its investment; otherwise the high discount rate would cause failure of the project. Answer to Question 5: Business graduate skills outcome |Example of how work on this TMA has contributed to my |Self-assessment of current level of skill – | | |skills development |high/medium/low; any actions to be taken | |Using examples and analysing case studies to enhance |Through referring back to the module as well as the |Medium, more analysis would result in higher | |understanding, support conclusion s and illustrate |accounting text book, I was able to understand a lot of|understanding. |issues concerning business functions in |accounting concepts, even prior to the lecture itself. | |organisational contexts | | | |Problem solving and decision making |When calculating the depreciation, a lot of trials took|High | | |place before finding the lost hook, which was the | | | |depreciation over 5 years is calculated from the first | | | |year expenditures are spent! | |Understanding the way in which numbers are used in |I had an idea on this before, but not with such |Medium, more accounting practices are | |the core business functions |details; this TMA has enhanced and broadened my |required | | |understanding. | | |Interpreting spreadsheets for managing numbers and |From this TMA I learned how the various calculations |Medium, it took me a while to come up with | |quantitative analysis |and formulas are made and how substantial accountants |the calculations in the spreadsheet and | | |are in the decision making process. |linking them together. | ———————– [pic]

Education Is the Single Most Important Factor in the Development?

Issue: Education is the single most important factor in the development of a country? Do you agree? IMPORTANCE OF EDUCATION Today, having a good education is really important for people. So that, most people apply a lot of tecniques which help them their work and school. Education is the single most important factor in the development of a country. Countries need a lot of things for their future because educated people are good at many things, such as communication and also to know how to improve themselves. First of all ,being good at communicating which has some advantages for people is very urgent for today’s life .It brings people a lot of feasibility and success. For example, at work people get on well and behave eachother suitable. They find possibility and become successful . But if they don’t do these ,they can lose many things . In addition to this, they may be hopeless and destroy their future. For these reason, people can have a good communication thanks to o nly education . To sum up, having good education opens people new door in their work and give them many things for their life. Another issue in the development country is that people know how to advance themselves during their all lives.For instance, educated people improve themselves during their all lives. They learn many things and in the future when they face with some problems ,they know how to deal easily, because they read or saw previous anywhere these problems . As a result, improving themselves about a lot of things is very significant for people. In the light of the above-mentioned reasons ,a country cannot develop without the education which requires an essential communication and improving themselves . In my opinion ,the education includes the most things that advance to the country. FATMA SARI

An Analysis of Rumis Poem Unmarked Boxes

Jalà ¢lal-Din Mohammad Rumi, an analytical writer without a mark, embraces the wisdom of accepting that fate and the world can not be changed in the poem Markless box using metaphors and sound techniques I am sharing. In the sentence at the beginning of Rumi, two short and violent words of do not be sad are included (1). By saying this, he warned him not to change what he could not turn into a reader. He also told the reader not to worry about this. And I suggested that everything is for reason. But for many readers Rumi's Persian career has little impact on the power of his poetry. He embodies a completely different American spirit like Walt Whitman and Muhammad. The work of Rumi is so general that it is meaningful, and readers use poetry for self discovery of recreation. It is impossible to get Rumi out of the background, said Remy's translator, who often reads Rumi's poetry at a yoga studio, performance poet Shah Ramshiva. Jalal-ad-Din-Muhammad Rumi is commonly known as Rumi (120 7 - 1273), Persian of the 13th century, Muslim poet, Sufi mysticism. Rumi's influence exceeds national borders and ethnic groups. Iranians, Tajiks, Turks, Greeks, Pashtoans, Central Asians, South Asians have valued his spiritual heritage for the past seven centuries. His poetry is widely translated into many languages ​​of the world. Rumi is said to be the most popular poet and best selling poet in the United States. Like many others, Omid Safi believes that Barks' achievement is to introduce Rumi to millions of American readers in the process of turning Rumi into an American poetry, Bacchus. Pour much time and energy into the work and life of the poet. There are other versions of Rumi that can be deleted from the original including Deepak Chopra and the book of the new era of Daniel Ladinsky. Chopra, spiritual work and creator of alternative medicine enthusiasts, acknowledges that his poem is not Rumi's words. On the contrary, as he wrote in the introduction of Rumi's Love Poems, they are emotions, we caught some of the phrases spoken in the original Persian language and gave a life to new creation The essence of its source. I am busy reading novels and I just started reading poems recently. The poet I contacted includes Robert Frost, Ruskin Bond, William Wordsworth, Rumi. Some of the poems I read at school have always been shocked, such as solitary readers, poems and stones of life. Returning to your question, after I started writing in YQ for 2 months, I learned that other people were using my pseudo at that time then - Indhu. As I was angry, I complained that FB's App founder (Harsh Snehanshu) violated my pen name (now looks a bit childish). He explained the actual problem that the user can change the copyright of the pen name at any time. So I want to add myself a unique pen name. Because this is what I want, I want something that is warm, witty and reasonable. As a lazy one, I chose Warm.Witty.Wise.

The Industrial Revolution 1820 - 1850 PowerPoint Presentation

The Industrial Revolution 1820 - 1850 - PowerPoint Presentation Example In America, the industrial revolution had a strong influence on the lives of ordinary people. This happened through the modification of the family structure and it affected the role of women and children. In other words, the industrial revolution shaped the way things were social, cultural and economic system of American families to the extent that women and children had to change the way they were delivering their services and earning income. This paper examines the way the contribution of women and children changed in America during the industrial revolution. This objective is attained in this paper through the examination of how women and children used to contribute their quota to the American economy before the industrial revolution. It goes on to view the changes that the industrial revolution brought and how it affected women and children. The paper then examines how the changes of the industrial revolution modified the way American women and children contributed their quota to building of the economy after the 1850s when the American revolution was entrenched in American society. The paper ends up with the lives of women and children after the industrial revolution by revealing some of the lasting effects of the industrial revolution on the earning patterns of women and children in the country.... Thus the period prior to the industrial revolution could be seen to be a period where labor intensive techniques were combined with archaic systems of agriculture to produce just enough for export. Another dominant factor that could be identified about this period is in the fact that America had very limited industries at the time of independence (Ulrich, 1998). Most of the goods and services produced were shipped off to Europe where the most sophisticated industries of the world were located around that time in the late 1700s. However, between 1810 and 1820, things began to change and the concept of industrialization began to to gain root throughout America (Ulrich, 1998: Dublin, 1995). Socially, the country was organized around the agrarian system that was dominant in the country. This is because the socio-cultural trend of the American people was one that depended strongly on business structures that existed at that time. â€Å"Whole family units worked together to grow crops and raise livestock† (Hillstrom & Hillstrom, 2007 p194). This implies that the whole country revolved around a system whereby families owned lands and worked on those land to produce crops and animals. These products were harvested and sold for some income that each family unit used to honor their individual and collective needs. At that time, the commercial system that existed in America was one where agricultural goods were battered for the purchase of other goods (Hillstrom & Hillstrom, 2007 p194). This shows that the systems of business were quite basic and unsophisticated. Most people had to rely on crops that they produced and harvesting was what all the families in

What Honda has to offer Essay Example | Topics and Well Written Essays - 250 words

What Honda has to offer - Essay Example Honda therefore presents itself as a corporation which is founded upon the solid values of delivering high quality and efficient design cars besides portraying itself as an organization which shows its concerns about preserving the environment. This therefore allows Honda to become attractive especially to such audience which considers its ethical consumers and base their buying decisions on the basis of an organization’s environmental protection records. In order to compete with established firms in aircraft industry, Honda needs to rely more on its legacy and market its past successes in terms of bringing in high quality and efficient design car technology. Further, Honda also needs to ensure that it pitches its message to the audience which is its tested market. Honda has been more successful in markets other than US or Europe therefore in order to compete with these firms, it is critical that Honda must adapt to the regional marketing targeted specially at Asian

Adolf Hitler and Josef Stalin Essay Example | Topics and Well Written Essays - 1500 words

Adolf Hitler and Josef Stalin - Essay Example Adolf Hitler and Josef Stalin were ardent believers of totalitarianism.Both were strict adherents of dictatorship who believed that the individual's needs must be subordinated to the State's welfare. However, historically they were strange bedfellows. They distrust and loathe each other. So when both inked a non-agression pact on August 28, 1939, not a few eyebrows were raised. It was no secret that Hitler considered "Bolshevism as the most extreme form of international Jewry".1 Hitler had always considered Russia as Germany's greatest enemy, regarded Russians as inferior Slavs and abhorred its self-imposed title as bulwark of communism. Thus, Operation Barbarossa was conceived to put Russia and Stalin on their knees. Hitler's resolve to decimate Russia in three months time was on the verge of being manic. Behind his back however, Stalin was also cooking a diabolical concoction for Hitler i.e. he was "preparing a preventive strike at Germany".Hitler left no stone unturned in this off ensive. He paraded 3.5 million Wehrmacht troops reinforced with Panzer tanks and hovered protectively by the famed Luftwaffe aircrafts. He then positioned these on a 2,000 mile frontier border from the Black Sea in the Crimea to the White Sea in the Arctic region. Because the Red Army troops were mostly inexperienced, the Germans easily captured most of the western Russian cities. But Hitler's 3-month time frame was stretched. What Hitler failed to foresee was the Red Army's seemingly inexhaustible reserve of manpower, the fortitude of Russian guerillas, the vast distances the Wehrmacht had to advance in