What And How Does It Affect Your Managerial Effectiveness

Executive Summary: Responsibility is a part of life where humans react physically or psychologically to favorable and unfavorable conditions. The attitude of the individual at that instant defines how he/she would react to the challenges of daily life and repercussions of decisions made to overcome these challenges. Such decision are results of the one’s locus of control at that moment. The types of Loci of control that affect me personally are high internal locus of control in turn driving me to assume responsibility in all cases. This affects both positively and negatively depending on the result. To excel with the people, I work within my MBA eventually at my workplace and life , I must work on certain aspects of my personality which†¦show more content†¦3.1. Most people don’t realize the extent to which accidental happenings control their lives. 3.2. There really is no such thing as luck. What and How does it affect? Research has found that an internal locus of control is not a universal solution for all management problems. Internal locus of control is not always a positive attribute. For example, individuals with an external locus of control have been found to be more inclined to initiate structure as leaders (to help clarify roles). Internals are less likely to comply with leader directions and are less accurate in processing feedback about successes and failures than are externals. Internals also have more difficulty arriving at decisions with serious consequences for someone else (Coleman et al., 1999; Wheeler Davis, 1979). It is important to note that locus of control can shift over time, particularly as a function of the position held at work, and that external locus of control does not inhibit individuals from attaining positions of power and influence at the top of organizations. Hence, it does not matter what your internal and/or external score, you can be a successful manager in the r ight setting, or you can alter your locus of control. (Whetten Cameron, 2016.) The Locus of Control Scale in the Skill Assessment section helps you generate a score showing the extent to which you have an internal or external locus ofShow MoreRelatedManaging People Organisations1668 Words   |  7 Pages| Contents MANAGERIAL WORK 2 MAIN FEATURES 2 MEASURING MANAGERIAL PERFORMANCE 4 BEHAVIOURAL THEORY 5 McGREGOR, THEORY X amp; Y 5 LEADERSHIP THEORIES 6 SCOTIA EXPANSION amp; THEORIES OF LEADERSHIP 7 MANAGERIAL WORK There are three different levels of management, the first being senior level management who are concerned with the strategic planning and decision making of the organisation. The decisions they make are usually very high risk and likely to affect the whole organisationRead MoreNuclear Tube Assembly Room Case1202 Words   |  5 PagesCharles MacLean September 11, 2013 WGB-600 Case Analysis: The Nuclear Tube Room Assembly Introduction Harvard Business Review case, The Nuclear Tube Assembly Room, is an excellent example of how managing and leading a team effectively can make a substantial difference in terms of results and goals achieved, all the while creating new ambitious expectations for workers. This particular case revolves around Ralph Langley, general foreman of the process department at American Radiotronics CorporationRead MoreWhat Does Politics Play A Role? A Government?1531 Words   |  7 PagesCase Study Review To begin this assessment, we ask the question, how why and how does politics play a role in government. Initially, the answer is obvious; politics is the process by which governments operate. However, for this essay the definition of politics has a more distinctive and idiosyncratic meaning. What we find with politics is that it is found in all organizations, both public and private. Organizational politics refers to how people develop power and social networks in attempts to influenceRead MoreImplementing Change1490 Words   |  6 Pageslack of understanding by the employees and a fear of how the change will affect him or her directly. Implementing change within an organization can be extremely difficult without a manager who understands d his or her role and responsibilities. This could be the deciding factor of whether or not the organization will succeed or fail when instituting change to the establishment (Mihai, 2009). It is the manager’s responsibility to understand ho w to address and put the change into action along withRead MoreBhs312 Module 2 Case1558 Words   |  7 PagesCase Planning and Organizing: The Management Function of Organization Me TUI University Dr. Someone, PhD Summer 2012 Module 2: Case Assignment: The Management Function of Organization In this module we look at organizing as a managerial function. As one of your readings indicted the purpose of the organizing function is to make the best use of the organizations resources to achieve organizational goals. One of the major resources of an organization is its staff to whom work must be assignedRead MoreReflection and Discussion774 Words   |  4 PagesHow do you know when you are improperly using your personal power? How do you know when your life is out of balance? How do you bring it back into balance? 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It is important to note that scientific research does not provide absolute solutions to questions, but preferably gives apparent answers based on, evidence gatheredRead MoreManagement Theory and Practice: Ways to Prevent Dead Zones2071 Words   |  9 PagesManagement theory and practice Assignment 1 How the managers differ from non-managerial employees ? In larger organizations, management is often broken down into three levels that is upper management, middle management and lower management. Upper management includes top executives who are highest on the management hierarchy. Middle management includes department managers and division managers, who are the communication link between upper and lower management. Lower management includes first-lineRead MoreWhy Is Leadership Style Important1177 Words   |  5 Pagesability to work well. Research by David McClelland on leadership has identified â€Å"styles† of leadership that provide not only a roadmap for leading but also implications for action. What is Leadership Style? Leadership style refers to the patterns of behaviors an individual leader uses across a full range of managerial and leadership situations. Although leaders face an unlimited range of leadership situations, studies have shown that there are six basic leadership styles that leaders apply to theRead MoreWhy Is Leadership Style Important1170 Words   |  5 Pagesability to work well. Research by David McClelland on leadership has identified â€Å"styles† of leadership that provide not only a roadmap for leading but also implications for action. What is Leadership Style? Leadership style refers to the patterns of behaviors an individual leader uses across a full range of managerial and leadership situations. Although leaders face an unlimited range of leadership situations, studies have shown that there are six basic leadership styles that leaders apply to the

Organizational Communication Perspectives Of The Hotel

Organizational Communication Perspectives Organizational communication perspectives refer to the different approaches to evaluating the interactions between individuals working in an organization. The criteria apply to horizontal, lateral and vertical communication. Organizational communication perspectives describe and illustrate the flow of information in an organization. Through the various organizational communication perspectives, an organization understands and both the internal and external communication environment. This essay shall cover the three types of communication and show how the Four Seasons Hotel can apply them. Moreover, the theories of management shall be discussed in lieu to organizational communication in the Four Seasons Hotel. The Four Seasons Hotel is a Canadian-based company and has been in operation for over five decades. The organization has since expanded and extended operations to close to one hundred hotels spread all over the world. The Four Seasons Hotel is dominant in the hospitality industry due to its beliefs and principles that guide its service delivery. In 2011, the hotel introduced an innovative organizational structure in effort to adapt to the changing global hospitality industry. In addition, the new management structure seeks to improve communication in the organization. Management theories aid in boosting the efficiency and productivity of employees. Organizations may employ several theories simultaneously. However, the choiceShow MoreRelatedThe Interpretative View Of Organizational Communication1703 Words   |  7 Pages The interpretative view of organizational communication developed from a humanistic approach to organizational behavior. The approach views organizations as cultural centers that develop over time. Consequently, the cultural setting of an organization determines the relationship between the management and the employees as well as between the employees. 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It has more than 400,000 employees and team members to answers the needs of their guests (HiltonhotelworldwideRead MoreOrganizational Communication : An Organization4658 Words   |  19 Pages Organizational Communication Prespectives YourFirstName YourLastName University title INTRODUCTION Organizational Communication Perspectives Organizational communication perspectives refer to the different approaches to evaluating the interactions between individuals working in an organization. The criteria apply to horizontal, lateral and vertical communication. Organizational communication perspectives describe and illustrate the flow of information in an organization. Through theRead MorePorters 5 Forces on Orbitz1288 Words   |  6 PagesBusiness. Orbitz has 800 employees in their Chicago headquarters and 1,500 employees worldwide with offices in 20 countries. In this report we discuss the organization structure of Orbitz from a strategic perspective. Strategy and Mission Orbitz’s mission is â€Å"to be one of the world’s three primary hotel distribution platforms.† Their strategy for achieving this mission is to focus on three key drivers: demand, supply, and retail. To increase demand, strategies include further increasing brand awarenessRead MoreLiterature Review : Employee Retention1187 Words   |  5 Pagesconditions change. Employee retention will continue to be an important issue for most job group in the first decade of the 21st century. In hospitality industry, employee retention is the most important target for the hotels because hiring qualified employees is essential for hotels but their retention is more important than hiring, because a huge amount of money is spent on the orientation and training of the newly hired employees. Employee retention is the existence of an ongoing employment relationshipRead MoreReport On Service Quality Of Remington Hotel1678 Words   |  7 Pagesï » ¿Report on Service Quality of Remington Hotel Introduction The concept of quality holds a central place in the hotel industry where servicing is the main part of the business. Lewis and Booms (1983) commented that service quality is â€Å"a measure of how well the service match with the customer expectations† on a consistent basis. Parasuraman et al (1985, p. 42) stated, â€Å"Quality is an elusive and indistinct construct† Quality is comparison between expectation and performance. Parasuraman et al (1988)Read MoreCommunication Is The Way Of Sharing Our Ideas5050 Words   |  21 Pageswithout communication? As it has been said that human being is a communicative object, and the humanitarian cannot be established without a communication system (Harris, Nelson, 2008). 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Hunter illustrates the hotel staff as diverse, attractive, current, and polite. Housekeeping employees worked in a different world than other staff; their headquarters were in the basement, triggering different dress and more time for communication. Hunter writes, â€Å"Beneath the surface appearancesRead MoreOrganizational Communication Perspectives And Management Theories3365 Words   |  14 Pages Organizational Communication perspectives and management theories Moteab Alsaloum Fairleigh Dickinson University â€Æ' Introduction Human beings are communicative objects; and they cannot know each other without a communication system (Harris, Nelson, 2008). Because of communication systems, human interaction is imperative for surviving and living in secure lives. Harris Nelson (2008) indicate that communication is a way of sharing

Pros and cons of tarriffs - 1256 Words

Week 3 Individual Project According to Essentials of Economics, a tariff is a form of excise tax, one that is levied only on sales of imported goods (Krugman, Wells, and Graddy 538). Tariffs are generally imposed for two purposes, to protect domestic industries and as a source of revenue (Tariff). The effect of a tariff on a small or a large country would be higher domestic prices because the cost of the tariff is passed on to the consumer (The Basic Analysis of a Tariff). Consumers would be deterred from buying that particular import because of the cost factor. It would also cause there to be a surplus of that import. A high tariff on imports would have the effect of switching from imported goods to goods produced domestically;†¦show more content†¦The IMF is interested in trade creation and has the power to lend money with conditionality (Rose 682). According to the IMF website, they exist for 3 purposes: Surveillance involves the monitoring of economic and financial developments, and the provision of policy advice, aimed especially at crisis-prevention. The IMF also lends to countries with balance of payments difficulties, to provide temporary financing and to support policies aimed at correcting the underlying problems; loans to low-income countries are also aimed especially at poverty reduction. Third, the IMF provides countries with technical assistance and training in its areas of expertise. Supporting all three of these activities is IMF work in economic research and statistics (What the IMF Does). The WTO, World Trade Organization, was founded in 1995 and its headquarters are in Geneva, Switzerland. The WTO boasts 155 member countries and its purpose is to deal with the rules of trade between nations (The IMF and the World Trade Organization). These two institutions work together to ensure a strong system of international trade and payments that is open to all countries (The IMF and the World Trade Organization). While both the IMF and WTO are involved in various capacities in international trade, the WTO has more of an impact when it concerns global rules of trade, tariffs and trade agreements, while to IMF is moreShow MoreRelatedHow Economic Globalization Has Fostered Globalization of Critics and Criticism?3991 Words   |  16 Pagesthe world (Naik, 2011; Trebilcock, 2000). However, one cannot totally ignore the fact that some critics recognize the negative effects or consequences of economic globalization as even the very concept of globalization itself may have specific ‘pros’ and ‘cons’. As argued by Naik (2011), while there are a number of advantages in economic globalization, there also exists a number of disadvantages in economic globalization as a phenomenon. Many critics point out that the countries’ interdependence with

Initiatives to Develop Singapore as a Legal Hub

Question: (a) Compare and contrast arbitration and litigation. Explain why arbitration may be preferred by the disputing parties in certain situations.Describe and discuss two (2) real-life situations in which arbitration was a preferred means of dispute resolution. You can review and research into online and other publicly available sources of information relating to such scenarios.(b) Recommend an arbitration venue (and identify a specific arbitration centre in that venue) in Asia. Provide reasons to support your recommendation. You can conduct additional research to supplement the notes in the textbook and study guide.(c) In 2014, the Singapore International Mediation Centre (SIMC) was established and a Bill was passed in the Singapore parliament to set up the Singapore International Commercial Court (SICC).Discuss and analyse three (3) key reasons why there may be a growing demand by the international businesss community for such venues. You should review and research into online and other publicly available sources of information for your analysis. Answer: (a) Due to growth in the trade there is also increase in the number of disputes. This also includes foreign parties involved in the disputed and hence the traditional method litigation through courts does not give satisfactory results. It is said that the parties from other countries face the litigation process in the other national courts as a difficult system as they are not familiar with it. The litigation process is said to be a time consuming and costly system. Litigation is conducted in home country and the foreign parties claim that the home country gives benefit of doubt to its nationals which do not make the whole dispute resolution method fair. It is also accompanied with various social, political and cultural factors. Ultimately it is said that litigation does not give the desired result and so not an appropriate method of resolving dispute. Due to this the people go for another alternative method for dispute resolution. One alternative resolution is arbitration. This is a private method of resolution of dispute used by parties. The parties choose this method as it consists of one or more arbitrators who form an impartial tribunal. The parties to be on a safe side enter a clause in the agreement to choose arbitration as a mode for dispute resolution before signing the contract. This is done so that this mode will be taken if and when a dispute arises between the parties. Arbitration is chosen over litigation because it gives the parties an option to adopt the procedural framework which both the parties can adopt. There is no partiality or discrimination on the basis of different culture, language or legal and geographical background.(Spooner Moseley, ). Arbitration has also been used in the case of A. Bianchi S.R.L. v. Bilumen Lighting Ltd., 1990, where there was a dispute between Bianchi and Bilumen with regard to exclusive right to collect, trade and allocate its products in Canada and the United States. In the agreement between the parties there was arbitration clause to be used in case of any dispute. Bianchi went for the judicial proceedings for claim for damages due to breach of contract. The proceedings went and the judgment was made. But Bilumen filed a motion for discharge of the action, directing to the arbitration clause. Bianchi said it to be tact to get away with the decision made by the court. The court held that invoking the arbitration clause of the agreement and all the steps taken in judicial proceedings shall not rescind the arbitration procedure and hence referred the parties to arbitration (UNCITL, 1997). In another case of Vanol Far East Marketing Pte. Ltd. v. Hin Leong Trading Pte. Ltd., 1996, the claimant had a contract for delivery of fuel at Yosu, South Korea. The delivery vessel had more loading than was allowed and hence the claimant entreated demurrage. The request was made but the same was discharged in arbitration. The claimant applied for leave to appeal to the High Court. As per Section 5(2) of the International Arbitration Act, 1994 the High Court gave its decision by stating that the place where the major part of contract took place and the place is the subject matter of the dispute are associated with Yosu, Korea. Therefore, in this case the adjudication is of international level and thereafter the High Court rejected the application for leave to appeal. (b) The arbitration venue which I recommend in Asia is in Singapore. It is governed by two separate legal regimes pursuant to the Arbitration Act or the International Arbitration Act. The Arbitration Act is for domestic arbitrations and for those cases where the place of arbitration is Singapore. The International Arbitration Act is applicable to both international arbitrations as well as non-international arbitrations where there is written agreement eneters between the parties. This is stated in Part II of the International Arbitration Act and the Model Law to apply. The arbitration center for Singapore is the Singapore International Arbitration Centre (SIAC). This is the main arbitration organization of Singapore. It provides hearing and support services to the people. It is geographically at a very good location making it easy for people to approach it. Also technically it is very sound and people in Singapore have a lot of confidence in it being an independent neutral third-coun try on the legal system and culture of the center. The SIAC has a fast arbitration procedure, there is high confidentiality and the center has been given additional powers to take decisions. Singapore arbitration has been recognized by the New York Convention. The fee structure compared to many Asian countries is low in Singapore. Therefore, these factors make Singapore International Arbitration Centre as the most appropriate venue for arbitration in the whole Asia (Brown, 2011). (c) SIMC and SICC shall be the choice of venue by business community for legal facilities and resolve local and worldwide commercial arguments. There are many reasons for the business community to choose the same. The first reason is that SIMC provides case management and organization services. It also helps in getting a deal by providing mediation services and making the parties understand the whole process. The second reason for the choice of SICc would be that under SICC the parties shall have the option for confidentiality in their case. Though in general the cases take place in the open courts but when there is no major connection of the case with Singapore and where the parties want so then the court shall apply such measures as required in order to maintain confidentiality. The third reason for demand for such institutions is that the judgments made by SICC can also be enforced in other jurisdiction by opting for mutual implementation provisions, or by opting for a shared law act on the ruling debt. These institutions are milestone in the legal services and resolution of local and worldwide commercial arguments (Baker Mckenzie, 2014). References: Spooner G. Moseley A., Why arbitration? Why Singapore?. Retrieved from https://www.lawgazette.com.sg/2001-8/Aug01-focus3.htmlUNCITL, (1997), Arbitration Database. Retrieved from https://interarb.com/vl/p967779490UNCITL, (1996), Arbitration Database. Retrieved from https://interarb.com/clout/clout209Mayer B., (2011), Asias Arbitration Centres - Hong Kong, China and Singapore. Retrieved from https://www.mayerbrown.com/files/Publication/Baker Mckenzie, (2014), Initiatives To Develop Singapore As A Legal Hub - the Singapore International Mediation Centre and the Singapore International Commercial Court. Retrieved from https://www.bakermckenzie.com/files/Publication/