Leadership Style And Emotional Intelligence - 1734 Words

Leadership Style and Emotional Intelligence Many organizations and groups are established each day, but only a few realize their dreams. Although many factors are responsible for the differences in success and failure of organizations, leadership is a prime factor. Leaders play a significant role in determining the success or failure of an organization. Management studies have attempted to understand leadership including defining the skills that a leader requires to become successful. Emotional intelligence has emerged as one of these skills. According to Antonakis, Ashkanasy, Dasborough (2009), emotional intelligence has loomed over the past few years. Evans (2015), Anand UdayaSuriyan (2010), and Lopez-Zafra, Garcia-Retamero, Martos (2012) have echoed similar sentiments. In this regard, emotional intelligence has become an important aspect as far as leadership is concerned. The studies cited indicate that researchers have found significant relationships between emotional intelligence and leadership. Therefore, this study seeks to go a step further and investigate the relationship between emotional intelligence and transformational leadership and the extent that emotional intelligence predicts leadership style and is not consistently considered in the selection of business leaders. Lopez-Zafra, Garcia-Retamero, Martos (2012) undertook a qualitative study to investigate the relationship between gender, leadership style, and emotional intelligence. In thisShow MoreRelatedLeadership Styles And Emotional Intelligence1160 Words   |  5 PagesSadri, 2012). Part of developing effective social skills or intelligence is increasing organizational awareness (Boyatzis, 2011). Organizational awareness is the ability to recognize and comprehend the overt and covert emotional currents as well as power relationship within groups. Leaders with organizational awareness understand the culture and corresponding dynamics (Boyatzis, 2011). Leadership Styles and Emotional Intelligence Leadership can be broken down into two major categories, transactionalRead MoreThe Relationship Between Emotional Intelligence And Leadership Style That Differentiate Effective Leaders9113 Words   |  37 PagesThe purpose of this quantitative correlation study is to examine the degree and extent of a relationship between emotional intelligence and leadership style that differentiate effective leaders. A brief review of the literature was conducted using the following resources, Northcentral University Library (NCU Roadrunner), Google Scholar, Galileo, and ProQuest. Several searches included peer-reviewed publications and academic journals such as the International Journal of Business Management, JournalRead MoreHow Leadership Styles Influence On An Organization s Climate Essay1019 Words   |  5 Pages The article of Leadership That Gets Results provides the six leadership styles for individuals to understand how leadership styles influence on an organization’s climate. F urthermore, the six leadership styles are consisted of the emotional intelligence: self-awareness, self-management, social awareness, and social skill. Therefore, these three concepts, such as the six leadership styles, the elements of emotional intelligence, and an organization’s climate, will influence each other because theRead MoreUnderstanding Of Emotional Intelligence, Organizational Leadership, And Workplace795 Words   |  4 Pagesusual. Downey (2011) indicated that emotional intelligence, organizational leadership, and workplace culture are directly linked to how employees relate to the leaders of an organization. The understanding of emotional intelligence, its components and a comparable leadership style such as transformational leadership is vital to the success of an organization. The general organizational problem is that employees are burned-out, their lack of trust in senior leadership is affecting the morale of the remainingRead MoreEmotional Intelligence And The Mind Team1318 Words   |  6 PagesAccording to Smit The Mind Team (n.d), Emotional Intelligence is the ability to recognize your emotions, understand what they re telling you, and realize how your emotions affect people around you. It also involves your perception of others; when you are knowledgeably aware of people s feelings, you are able to manage relationships more effectively. During my time at my former job at a commercial bank in Nigeria, I had the privilege of working with a boss who had the superior quality of payingRead MoreRelationship Between Emotional Intelligence And Transformational Leadership Essay1514 Words   |  7 Pagesbetween emotional intelligence (EI) and transformational leadership style was examined in order to determine whether EI scores could be used to predict transformational leadership style. In addition, gender differences in the relationship between EI and transformational leadership were examined to determine if there is a significant interaction of gender and emotional intelligence. This research is important, because transformational leadership has been found to be the most effective style of leadershipRead MoreEssay on Emotional Intelligence in Leadership1548 Words   |  7 Pages The premise of emotional intelligence in leadership is that emotional intelligence should be the premise of leadership. Before tasks, followers, goals and styles can be defined or critiqued, the leader’s emotional intelligence must first be assessed (Goleman, Boyatzis McKee, 2002, pg 5). Emotional intelligence then becomes the predictor of how effectively the leader will be able to lead in any given situation, set of tasks or followers. In this paper, the author will compare this premiseRead MorePrimal Leadership : Unleashing The Power Of Emotional Intelligence1457 Words   |  6 PagesIntroduction: The book â€Å"Primal Leadership: Unleashing the Power of Emotional Intelligence† explores the role of emotional intelligence in leadership. Also, opens links between organizational success or failure and primal leadership, the authors argue that a leader s emotions are spreadable. If a leader spread energy and enthusiasm, the organization will thrives. If a leader spreads negativity and conflict, the organization will struggles. The authors of this book are Daniel Goleman, Richard BoyatzisRead MoreLink Between Emotional Intelligence and Cross-Cultural Leadership1033 Words   |  5 PagesH. and Karounos, T.J. (2009), â€Å"Exploring the Link between Emotional Intelligence and Cross-Cultural Leadership Effectiveness†, Journal of International Business and Cultural Studies, Vol. 1, Feb. 2009, pp. 1 – 13. Introduction Along with the globalization of business, many corporations are facing the challenge of operating in a different culture. The writers made a connection between emotional intelligence and cross-cultural leadership effectiveness to deal with this situation, this article alsoRead MoreLeadership Styles And Their Preferred Language Of Appreciation1017 Words   |  5 Pagesstewardship of the HR profession. Management leadership is an ongoing responsibility and an art that develops over time. According to the late George Terry (1981), the primary task of a manger is to enable a working environment that will induce and maintain an enthusiastic desire to accomplish work among employees (p. 90). Leadership progresses with experience, observation, and interaction with employees. The critical understanding of leadership is being able to motivate employees to invest their

Deciding on the Equity Investment Assignment Example

Essays on Deciding on the Equity Investment Assignment The paper "Deciding on the Equity Investment" is a worthy example of an assignment on finance and accounting.Answer 1The major proportion of the investments related to the mutual funds comes from institutional investors including foreign institutional investors, banks and corporations. Apart from the equity schemes of the investors, the highest participation is made by institutional investors. However, retail participation is more towards equity.   From the graphical representation of the mutual fund investors, it can be inferred that at the initial stage in 1986 the performance of actively managed equity funds was better than Vanguard 500 Index which took a major dip in 1998. At this point in time, the performance of the Vanguard 500 Index Fund performance tends to be better. Again within a span of 7-8 years, the actively managed equity performance kept Vanguard 500 Index Fund way behind. Thus it can be said that the performance of actively managed stocks has been portraying bette r rates of return over the years than that of the Vanguard 500 Index Fund.Answer 2The efficient market hypothesis of any company is difficult to test. The consistency of the company can be judged on the basis of the three forms of efficiency, i.e., strong, semi-strong and weak. The strong form of efficiency hypothesis results in fewer evidence of inconsistency. However, the intense of inconsistency grows with semi-strong to a weak form of efficiency hypothesis. From the graphical representation, it can be assessed that inconsistency prevails over the year. Since the company has not been successful in projecting a similar kind of return over the year. But depending on the area where the company has shown a strong form of efficiency hypothesis there the extent of consistency prevails. Thus overall both the elements of consistency and inconsistency are observed based on the performance of the company (Jensen, 1978, pp.1-5).Answer 3The best way of deciding on the equity investment of th e 401(k) plans relates to the assets of the company. Initially, the company should work towards the contribution plan resulting in paying more emphasis on the asset allocation responsibility of the company. The increase in the defined contribution plan of the company would take care of the supplemental coverage. The asset allocation pattern of the company helps in the estimation of taking investment decisions. However, the pattern of investment is highly depended on factors like the age and income of the person; as to the investor is willing to concentrate on an equity-based portfolio or is keener on the debt-based portfolio. Since the investor here is having equity of around 70%, hence the investment decision has to be taken very tactfully depending upon the companies where the investments have been made. The debt-equity ratio of the comp-any is an important element in assessing the company's efficiency and depending on which the decision should be taken. The investment should be m ade in various sectors so that the stocks of the company are negatively correlated thus yielding higher returns for the portfolio (Uccello, 2000, p.1-6).

Mcdonald’s Practices/Operations in Turbulent Environment Free Essays

McDonald’s strategic plan is called ‘plan to win’ which helps McDonald’s to be the best fast food restaurant chain rather than the biggest fast food restaurant chain. (kspain, 2008) In turbulent environment, McDonald’s tries to achieve high performance by applying the 5 P’s: people, product, price, promotion, and place or distribution. Product involves both intangible and tangible offerings of the business which customer can see, feel, taste or smell. We will write a custom essay sample on Mcdonald’s Practices/Operations in Turbulent Environment or any similar topic only for you Order Now (Kukreja, 2011) Next, price consists of all the costs of production and delivery of the product or service. Then, promotion comprises all the types and manner of communication that companies use to make products or services known to the customer. Finally, place or distribution is the channel that connects the products or services to the consumers. McDonald’s focuses primarily on its people or focusing on maintaining and improving employee satisfaction in order to maintain good relationship between the employees and the customers. In order to improve employee satisfaction, McDonald’s uses flexible schedules for the employees to fit their working schedule into the way they live their life. McDonald’s also uses celebrating diversity in their hiring way to combining their ideal work force with different people from different backgrounds with different interests. (Mcdonalds, 2011) Besides that, McDonald’s also simplifies the restaurant environment for their staff and customers in a faster speed. To enhance the relationship between employees and the customers, McDonald’s ensures their staffs are friendly and as well as fast with hospitality training. Finally, McDonald’s also provides cost-efficient, relevant training for their world-wide workforce and provide career opportunities for people to achieve their potential. In the product strategy, McDonald’s offered a wider variety of food. McDonald’s strategic planning focuses on breakfasts, chicken, beverages and convenience. The Southern Style Chicken Biscuits are launched for breakfast in McDonald’s. However, the Southern Style Chicken Sandwiches are launched for lunch and dinner. McDonald’s introduced new hot specialty coffee offerings on a market-by-market basis in their beverages business. Besides that, McDonald’s also offered burgers-and-fries instead of just offering snack foods and desserts. Despite of negative image of McDonald’s for the unhealthy food, McDonald’s offers oatmeal and salads to replace high calorie breakfast sandwiches for somewhat healthier options. Lastly, the Happy Meal is one of the good product strategies which aim kids providing kid’s favorites such as small French fries and chicken nuggets along with a small toy. ECUATORIALL, 2012)These planning enables McDonald’s to satisfy customers’ desire for food that fit into today’s lifestyle. For the price strategy, McDonald’s had introduced value meal for their customers. The value meal allows customers to buy a sandwich, French fries, and beverages at a discount price when purchased together. McDonald’s restaurant offer seven to twelve value meals for the lunch and breakfast menu. McDonald’s also offers a dollar menu which consisting many individual items costing only $1. 00 each. investopedia, 2009) Other than that, some of the individual franchise owners offer daily specials of special menu items with lower price such as Big Mac Mondays. These helps McDonald’s to offer affordable prices to customers and also to be profitable for the company. McDonald’s spent huge amount of money on promotion which is presented in marketing, leadership and trust. McDonald’s focuses primarily on targeting the children. With this, McDonald’s offers happy meals which targeted children by giving along the small toys with the meals. ECUATORIALL, 2012) McDonald’s also offers various schemes for winning prices by giving lucky draws and also scratch cards when an order is placed on various mean combos. On the other hand, McDonald’s also does its promotion by advertising to make people aware of an item, feel positive about it and remember it. They do their promotion through television, hoardings and bus shelters. Some of the most famous marketing campaigns of McDonald’s are â€Å"You Deserve a break today, so get up and get away- To McDonald’s†, â€Å"Aap ke zamane mein ,baap ke zamane ke daam†, â€Å"Food, Folks, and Fun† and â€Å"I’m loving it†. (scribd) How to cite Mcdonald’s Practices/Operations in Turbulent Environment, Papers

Availed By The Importer Or The Manufacturer -Myassignmenthelp.Com

Question: Discuss About The Availed By Importer Or The Manufacturer? Answer: Introducation The existence of a duty of care in common law is done through the application of various tests. One of the primary test for analyzing whether the duty exists of not is the caparo test as provided through the landmark case of Caparo Industries pIc v Dickman [1990] 2 AC 605 House of Lords. According to the principles of this test if a person can be harmed foreseeably by the actions of another the other person owes him a duty of care. However to establish that there was negligence in the situation the duty of care has to be contravened. The objective test is best applied for determining the breach of the duty of care owed by a person. The objective test had been used in the case of Vaughan v Menlove (1837) 3 Bing. N.C. 467 where a reasonable person would have been placed in the position of the defendant and then analyzed whether they would have taken the same decision or not which was taken by the defendant, If the decision would involve additional care than the duty would be deemed to be violated by the defendant. The existence of a duty of care and a breach of duty of care alone is not capable of establishing a tort of negligence. Whether the violation of the duty has caused the injury to the person is also considered for the purpose of establishing negligence. The most popular test which is applied for determining the element of causation is known as the but for test. The provisions of the test have been provided in the case of Barnett v Chelsea Kensington Hospital [1969] 1 QB 428. According to the test the injury should not have been caused of the negligent act was not present, that is if the injury would have been caused irrespective of the negligent act there is no claim of negligence. As stated in the case of Murphy v Brentwood DC [1991] AC 398 a person can only claim damages in relation to negligence which are reasonably foreseeable in a objective manner. The aggrieved party is not entitled to any additional damages. Contributory negligence is a form of defense which can be taken by a wrongdoer against the aggrieved party. According to the concept in case the injury had been caused to the plaintiff because of his or her own negligence than the claim of damages by such person is either reduced or totally defeated. In the case of Railways v Halley [1978] 20 ALR 409 the court held that the damages of negligence were to be reduced as there was contributory negligence on the part of the plaintiff. ACL through part 3-5 provides rules in relation to the right of consumers against the manufacturers towards product liability of dangers goods. These provisions are provided through Section 138-150 of the ACL. The manufacturers and importers liability in relation to those products from which safety issue may arise are dealt with by the sections. The following rights are bestowed upon individuals who are subjected to injury by such products. As per section 138 and 139 of the ACL any person getting injured through the use of a product as the right to bring a claim against the manufacturer and the importer Section 140 and 141 states that a claim against the manufacturer and the importer can be bought by a person whose real property or goods have suffered damages due the use of such product Section 142 of the ACL however provides certain defenses to the importers and manufacturers. The defense can be availed in the following situation The defect did not exist when the goods were manufactured The defect resulted out of any legal compliance towards the standard of goods Any technique or scientific knowledge when the goods were manufactured was not adequate to discover the defect. The product was a mixture of other products which were defective Application The above discussed rules have to be applied in order to determine the common law rights of Ann and Carol against Bruce. According to the application of the Capro test as per the Caparo case it can stated that it was reasonably foreseeable for Bruce to known that his actions can harm those who are nearby. Thus as per the neighbor principle Bruce owes a duty of care towards Ann and Carol. However a reasonable person in the same situation would not have taken any additional care as he would not now that the mower may explode. Therefore as the duty of care was not violated through the application of the objective test it can be stated that there was no negligence on the part of Bruce against Ann and Carole. The second issue is in relation to determining the whether there is any negligence by the importer and manufacturer against Bruce, Carol and Ann along with any defenses. As per the application of the neighbors principle and the Capro test as provided through Donoghue and Caparo case respectively it can be stated that the importer and manufacturer both have a duty of care towards Bruce, Ann and Carol. This is because it is reasonable foreseeable for them that if a defective product is provided it can harm the users along with those who are nearby. A reasonable person in the same situation would have ensured that there is no defect in the machine and thus according to the application of the objective test the duties of care have been violated. By applying the But For it can be determined that a injury to Bruce, Ann and Carol would not have been caused if the machine was not defective. Thus were all three elements of negligence have been established in can be said that a negligence claim is present in the situation. In addition the defense of contributory negligence is also not applicable in this case as there is no fault of any party involved as provided by the case study. The damages which can be claimed by Bruce, Ann or Carol include Bruce: compensation for being unable to work for six months, the incurred extensive medical expenses and cost of window replacement but not the damage of disk as it was not reasonably foreseeable Ann: compensation for fractured legs and severe cuts and being unable to work for three months The third issue is in relation to the rights of Bruce, Ann or Carol against the importer and manufacturer under the provisions of ACL. As per section 138-141 they have the right to claim damages for personal injury as well as any injury to property. Thus the damages which were provided in common law would be applicable here as well along with the loss of Erics data contained in the Disk. The possible defenses which the importer and manufacturer may rely on in the situation are provided in section 142. However as per the facts of the case study none of the defenses can be successfully availed by the importer or the manufacturer. Conclusion Thus it can be concluded that Bruce has no liability against Ann and Carol under the provisions of common law Hanks, Distributor and Mower have tortuous liability against Ann, Bruce and Carol as per the provisions of negligence in common law and they cannot avail any defense. Ann, Bruce or Carol have the right to claim compensation in accordance to section 138 to 141 of the ACL The defenses under section 142 are not applicable in this case References Railways v Halley [1978] 20 ALR 409 Murphy v Brentwood DC [1991] AC 398 Barnett v Chelsea Kensington Hospital [1969] 1 QB 428 Vaughan v Menlove (1837) 3 Bing. N.C. 467 Caparo Industries pIc v Dickman [1990] 2 AC 605 Donoghue v Stevenson 1932 AC 562 Competition and Consumer Act, 2010 Grant v Australian Knitting Mills. PC 21 OCT 193