Journal learning Essay Example | Topics and Well Written Essays - 500 words - 2

Journal learning - Essay Example Resistance to change, though expected in management scope, has been the most challenging because of involved moral and legal implications. Some of the people with whom I have been working are older and I often feel a moral obligation to respect their opinions and values. Introducing a change, contrary to practices that the people have been accustomed to have generated conflict, sometimes with strong resistance from old people. Explanations on need for such changes and helping employees to adapt to change have helped in managing resistance, but there have been isolated cases when some employees have accused me of undermining their competence and experience and dictating on them. I conducted literature review with the aim of understanding change management skill and measures for evaluating competence in the skills. Being goal oriented and ability to motivate people towards desired goals are some of the competencies of an effective change manager (Silva 2013, p. 63). Possible short-term benefits are some of the motivational factors and effective change management should incorporate plans for the gains, communicate the plans, and implement the plans. Effective change management, according to Shalini (2009, p. 201, 202, 226- 229), also require communication skills and cultural competence. Ability to learn, to make decisions and solve problems, to manage self, to manage people, and to manage projects are also necessary competencies for effective project management (Pugh 2012, p. 203). Technical skills on the desired change and knowledge of the organization in which change is to be implemented are also necessary for effective change management (Vukotich 2011, p. 36). Self-assessment results identify my competence in setting realistic but challenging goals and my ability to motivate people towards the goals, through empowerment and rewards. My score in verbal communication is commendable but I

Fund Transfer Pricing Essay Example | Topics and Well Written Essays - 500 words - 1

Fund Transfer Pricing - Essay Example It is evidently clear from the discussion that commercial banks have two divisions: deposit and lending. The deposit segment accumulates funds from customers. These funds are lent to other customers as loans through the lending division. The interest that banks earn on loans is interest income while interest on deposits is interest expense. The difference between interest income and interest expense is net interest income and is reported on the income statement. It is not a guarantee that all loans are profitable neither do all deposits cause losses. Different deposits have varying values as sources of loans and in the same way, different loans have a varying cost of funding. The main purpose of finance transfer pricing is to measure independently how different sources of funding contribute towards the profitability of banks. Assume a two-year loan financed by a three-month deposit. Assume also that the deposit segment acquires $1,000,000 worth of funds from the customer at a cost of 4%. These funds are passed to the treasury at a funds transfer-pricing rate. Assuming that the rate is 6%, the bank would earn a deposit spread of 2%. The treasury would then pass the funds to the loans department at a funds transfer-pricing rate of 8%. The loans department would then extend the loan to customers at an interest rate of 11%, earning a deposit spread of 3%. On the other side, the treasury would earn a 2% spread for managing the interest rate risk that arises from the mismatch in the maturity of funds. Assigning the funds transfer rate for treasury, the loans and the deposit divisions of the bank decomposes the spread earnings across the three divisions as illustrated in the paper.

Blue Jean Waste Essay Example | Topics and Well Written Essays - 250 words

Blue Jean Waste - Essay Example Public health should always come first because I believe that this is foremost important for betterment of a society. This personal belief propelled my reaction to the video which called for more stress to be put on social and environmental responsibility on a global level. I believe that the corporations involved in this case like Gap and Levi reacted appropriately to pandemonium created by the responsible plant. Different regulatory measures taken to prevent blue jeans waste from ruining health of local people in the future are reliable. This is because myriad inventive strategies were engineered by those corporations only days after the incident got reported (Macvicar, 2009). The most valuable action in my opinion was formation of a neutral organization to keep a check on performance of garment manufacturers in Lesotho. Such a neutral monitoring organization was bound to make most objective and unbiased observations regarding actions of the factories

Personal Philosophy of Leadership Development Assignment

Personal Philosophy of Leadership Development - Assignment Example A leader is different from a manager. Qualities define a leader. These qualities are inborn and it means leaders are born. Skills that a person acquires make him or her manager. This means that not all managers are leaders. Leadership means service to the people. A leader is a servant to the people he leads. He is bestowed with the responsibility of bettering the lives of his or her followers. Leadership development is useful to individuals who aim at improving their leadership skills. Leadership development is important as it creates a passion in leaders to lead their followers and serve them accordingly. This paper articulates my personal philosophy of leadership development and my development as a leader. Unique qualities characterize a leader. First leaders must possess character. Actions define character. Leaders understand that success is founded on character. An ideal leader possesses strong character, which assures the people he leads, that he will provide success. First impressions create lasting impression. A leader has to seal the deal with a first impression. Charisma does it for first impressions. Making others feel good is the best way of having charisma. A leader has to be courageous. People cannot put their trust in a coward. Courage builds confidence, and self-confidence is leadership at work. An ideal leader has focus. Focus entails prioritizing important factors and concentrating on them to accomplishment. Priorities without concentration gets nothing done, resulting to no progress. Concentration without priories limits growth and progress.

Application of Engineering Principles Essay Example | Topics and Well Written Essays - 2500 words

Application of Engineering Principles - Essay Example exhibit very good formability. One can convert metallic materials into different forms like plates, bars, tubes etc. to name a few. This is possible because metallic materials have very good formability by virtue of non-directional metallic bond. Not just that, metallic materials are easy to assemble to form different assemblies and structures by different joining processes from mechanical fastening to welding processes. (b) Excellent Combination of Mechanical Properties Different set of mechanical properties are required from a component to match the demands posed by the service conditions and environment. Some applications demand very high strength and hardness, while small to moderate ductility is good enough, such as tools for drilling of hard rocks. On the other hand some applications cannot allow relaxation on ductility and toughness; while strength can be sacrificed to some extent. Metallic materials offer excellent combination of these mechanical properties. Not just that, me chanical properties of metallic materials can be tailored as well by means of alloying, mechanical working, surface treatments and suitable heat treatment. Therefore, metallic materials have an edge over other class of materials when it comes to offer desired combination of mechanical properties to suit an application. ... Q2. Relevant properties required by the materials used for manufacturing the â€Å"Centralizer† and â€Å"Travelling Block Hook† are briefly discussed below. (a) Centralisers: These are used to ensure centering of the drilling string in the well bore. Three types of centralizers are there - drill pipe centralizer with changeable sleeve, bit centralizer with changeable sleeve and casing centralizer [1]. Casing ring centralisers are used to provide clearance gap or stand off between the wall of well and the casing. The centralisers rub off against the wall of the well. This rubbing action leads to wear and tear, heat generation and many times sparking. The material, therefore, should have low coefficient of friction, so that less heat is generated and chances of spark generation are minimized. The material should provide high wear resistance. It should possess high thermal conductivity and resistance against spark. Zinc and aluminum alloys posses these properties and are therefore, used for manufacturing of centralisers. Nowadays, spray metal technology is also being explored for fabrication of the casing centralisers [2]. (b) Travelling Block Hook: Travelling block and hook are used for lifting in drilling rig [3]. The material for manufacturing of this component should be high on strength, wear resistance, fatigue resistance and toughness. This is because catastrophic failure of this component can jeopardize safety of the personnel besides other tangible losses. Low alloy steels are used for manufacturing this component. The material is hot forged into the shape and then hardened to improve strength of the component. However, in hardened condition its ductility and toughness drops drastically and therefore,

Developing self developing others Essay Example | Topics and Well Written Essays - 250 words

Developing self developing others - Essay Example His performance got evaluated from his role play and he expedited his job in an organized manner. He expressed strong proficiency in preparation and organization. His time management and placement of tasks in a sequential way also showed strong planning skills he possesses. John also demonstrated that he is a strategic visional thinker when he scheduled tasks according to their complexity and put in place possible solutions for probable future challenges. He also demonstrated efficient time management skills, by planning tasks in a written schedule for prompt completion. John’s prowess in relationship management was effortlessly reinforced by his outgoing nature. To other team members, he was extremely welcoming and warmed up to every member of the group. His score in management of association was (insert score). In his interaction with the group members, he applied body language and was supportive of other group members through affirmative exploits such as nodding. He was very easy-to-read in verbal communication and in body language. His management of relationships was easy to determine as he was tactful and promoted open discourses among members. When disagreeing with opinions of others, he did it tactfully and avoided condescending utterances. His handling of dissenting opinions acted as motivations to other group members and therefore stood out as a good relationship

Corporate sustainability reporting Essay Example | Topics and Well Written Essays - 2500 words

Corporate sustainability reporting - Essay Example At the same time, as developments in technology and knowledge are contributing to financial development, they also have the potential to assist resolving the threats and risks to the sustainability of environment, social relations and economies. Sustainability reporting is the kind of practice of disclosing, measuring, and being accountable to external and internal stakeholders for organizational performance towards the objective of sustainable development. A sustainability report should offer a reasonable and balanced representation of the sustainability performance of a reporting company consisting of both negative and positive contributions. The guidelines of Sustainability Reporting comprise principles for defining content of report and guaranteeing the quality of reported information. It also consists of standard disclosures made up of indicators of the performance and other items of the disclosure, in addition to guidance on specific technical and technological topics in report ing. A company’s own sustainability and business policy offers the circumstance in which performance is discussed. The relationship between the organizational strategy and sustainability should be made clear, as should the circumstance in which performance is reported. ... A sustainability report also refers to a single, combined disclosure that offers a balanced and reasonable presentation of performance over a fixed period of time. Stakeholders must be capable to directly access all of the information in the report from a single location, such as a GRI content index. The GRI Reporting Structure is planned to provide a normally accepted structure for reporting on a company’s environmental, economic and social performance. The structure includes the guidelines of the Sustainability Reporting, Technical Protocols, the Indicator Protocols, and the Sector Supplements. Organizational operations connected to operating, entering, and exiting can have numerous negative impacts on local communities. Indicators in the GRI structure, such as economic data or environmental emissions, will offer an overall idea of negative and positive impacts, but may not be capable to present them in relation to local communities. Sustainability reporting must consider ev ery material sustainability topics that are appropriate in understanding how a company can create, erode or preserve value over time. Environmental, economic, and social impacts can turn out to be significant over an extended time period. Reports should be capable to reflect both long-term as well as short-term topics and foreseeable longer-term subjects. A sustainability report thus covers a wider range of subjects than constitutional and statutory reporting needs, consisting of, but not limited to: †¢ â€Å"Impacts on stakeholder groups that are of high significance to them †¢ Opportunities to contribute to broader sustainability objectives †¢ Opportunities to adapt to planned changes in policies and regulatory frameworks† (RG Sustainability Reporting Guidelines, 2000). Once a