This CEO/Chair combination end up with minimum effective supervision of the CEO. So therefore, with this minimum supervision of the CEO, the probable agency cost of managerial make of decision are exacerbated. Hence, board independence along with various supervising devices result to important mechanism to manage agency problem. CONS Quite a few studies disagree that owing stock by CEO and Board members provide them enticement thereby leading the firm to a maximum level and with due care monitor manager’s effectiveness. (See for example, Brickley et al, 1988).
Typify your leadership style, and provide three (3) examples of how your own temperament, motivation pattern, thinking styles, character, expectations, and leadership philosophy relate to or contrast themes discussed in John Wooden’sPyramid of Success. Analyze John Wooden’s Pyramid of Success and identify the aspects with which you agree and disagree. Provide a rationale for each aspect. Create a new Pyramid of Success model based on your analysis of John Wooden’s Pyramid of Success, and provide a rationale for each aspect or step of this new model. Using either the coaching philosophy of John Wooden’s Pyramid of Success or your own newly designed Pyramid ofSuccess model, develop a step-by-step strategy that self-directed project team members may use to adapt to any project-related
Cobham Management Certification Programme ILM Level 3 Award in Leadership and Management Understanding Leadership Styles Factors that Influence Leadership Styles in the workplace There are many factors that influence the choice of leadership style and behaviours that team leaders and managers may decide to use in the workplace but may include factors such as: * The Task – Is it routine or business critical, must a decision be made immediately or is there time to consider the options and the impact on the business? * The Team – What skills and experience are available, are they willing and are they used to making decisions? * History – What has happened in the past and what knowledge do we have? The best managers can adapt their leadership styles appropriate to the situation or task in hand and this may well change during the project’s duration to ensure a successful outcome. The Hersey Blanchard Situational Leadership Theory was created by Dr Paul Hersey and Ken Blanchard in their book “Management of Organizational Behaviour” (Hersey, Blanchard & Johnson 2007).
The intent of this paper is to examine and analyze my challenge through various leadership theories/models, and to identify leadership styles and behaviors that will be effective in achieving my goal. Although there are a number of theories that can be examined, I have selected three that I believe will be most useful to me. First I will define three theories to include Fiedler’s Contingency Theory, the path-goal theory, and the Situational Leadership II model. Next I will discuss the application of the models to my leadership challenge and why I selected it. Finally, I will conclude with a reflective analysis and reveal what I have learned from my research about leadership and the application of the three leadership theories.
University of Phoenix Material Employee Portfolio: Motivation Action Plan Determine the motivational strategy or strategies that would likely be most appropriate for each of your three employees, based on their individual characteristics. Indicate how you would leverage their employee evaluations to motivate each of the three employees. Describe one or more of the motivational theories and explain how the theories connect to each of your selected motivational strategies. Team Member | Performance Rating | Summary of Assessments | Motivational Strategy and Action Plan | Relevant Theory | Pam | 4.05 | Pam has indicated through self-assessments to be a high achiever with a need for affiliation. | Implementation of a goal-setting strategy that uses reward as a reinforcement to keep employee focused.
University of Phoenix Material Employee Portfolio: Motivation Action Plan Determine the motivational strategy or strategies that would likely be most appropriate for each of your three employees on basis of their individual characteristics. Indicate how you would leverage their employee evaluations to motivate each of the three employees. Describe one or more of the motivational theories and explain how the theories connect to each of your selected motivational strategies. |Team Member Name |Summary of Individual Characteristics |Motivational Strategy and Action Plan |Relevant Theory | | |Tony is organized and structured and when given a |The motivational strategy that would gain the best results and |This strategy will build upon Tony’s confidence | | |task goes above and beyond to ensure that it meets |help Tony with his insecurity and lack of experience issues, |and give him a sense of doing things right and | |Tony Stuck |the standard and is thorough. Tony is very |would be to assign Tony with task that he will be good at |that his knowledge and experience is increasing.
Because earning management allows managers to reach their desired outcomes by influencing firm’s financial statements. According to Graham, Harvey and Rajgopal (2005), it is acceptable for senior mangers to use earning management so that they can provide positive and steady earning growth for the firm. In addition, the reputation of a CFO or CEO depends on whether the company they manage has a good prediction of future earnings. The labor market will regard a CFO as a “managerial failure” if the CFO perceive inability to reach the earnings target. In this case, the managers were encouraged to do their best and spend whether it was necessary to bring revenue.
In this context, what kinds of problems can arise? Solution: In the corporate form of ownership, the shareholders are the owners of the firm. The shareholders elect (vote) the board of directors of the corporation, who in turn appoint the firm’s management (CEO). This separation of ownership from control in the corporate form of organisation is what causes agency problems to exist. Management may act in its own or someone else’s best interests, rather than those of the shareholders.
Managers and team leaders have a responsibility to be able to recognize the individual characteristics of their employees so that they are able to get the most out of their employees. Managers also need to recognize that differences among people can lead to miscommunication, misunderstanding, and conflict (Robbins & Judge, 2011). An effective manager is a manager that can recognize the individual characteristics of his or her employees and manage a diverse workforce effectively. Many companies have developed diversity programs where their main goal is to increase their competitive advantage and that is by having a diverse employee staff to increase their access to the widest range of ides, skills, and abilities. 1.2 Analyze the impact of individual employee characteristics on organizational performance.
Computed by deducting the cost of capital from the after-tax profit, it is said to be the best measure of the true profitability of an enterprise because it is tied to cash flow and not earnings per share. Many analysts would agree that EVA is more positively associated with a company’s stock price than ROE or EPS. Keith confirmed his findings with an industry analyst, which posed him with the decision of whether of not to implement this calculation into OSI accounting practices. Furthermore, would it be a beneficial tool to be used for evaluating the new manager’s incentive compensation plans? The EVA trend seems to be almost mandatory for the larger companies, but there is no reason that it shouldn’t work just as well for their smaller firm.