Entrepreneurial Management and Leadership Essay

Entrepreneurial Management and Leadership - Essay Example nternal efforts to sustain competitive advantages through the process of innovation which serves to change the balance of competitive dominance in an established industry. This report aims to identify the corporate entrepreneurship behaviours at the Sony Corporation, a multi-national firm operating in the consumer electronics industry; a highly saturated competitive environment. Utilising a mixed methodology of secondary and primary research, this study undertakes a qualitative analysis of CE activities (or lack thereof) at the identified corporation to determine entrepreneurial behavioural impact on strategic initiatives, innovation, organisational structure and culture at the firm. A general qualitative analysis of the firm’s current competitive advantages and competitive market position is inclusive in the research. It is assumed that Sony Corporation, a company with a rich history of operations established in 1946, maintains significant entrepreneurial behaviour internally. Upon Sony’s establishment, the business only maintained $530 in available capital and maintained a workforce of only eight employees (Abiko 1966). With such a limited volume of available resources, Sony was able to convince Bell Labs to license the new innovation, the transistor, which ultimately led to Sony being a pioneering market entrant for launch of the first transistor radio. It is unlikely that Sony maintained limited entrepreneurial behaviours in its long history, an assumption based on a rich history of being a market innovator in many different product categories. This assumption will be tested utilising research on the firm. During the 1970s, Sony’s most important market, the United States, maintained a very negative perception regarding the quality of Japanese-made products. However, Sony continued to outperform many American-produced products in the consumer electronics industry which radically changed U.S. consumer perceptions of the made in Japan label (Lohr 1983).

THEORIES AND PRACTICE OF LEADERSHIP essay Example | Topics and Well Written Essays - 3500 words

THEORIES AND PRACTICE OF LEADERSHIP - Essay Example espite all considerations, leaders are also believed to be people with special innate characteristics that actually make them leaders, those who obtain certain personal qualities such as extraversion, intelligence, ability to interact with one’s followers. Moreover, leaders are good in sharing responsibility with others in order to enable each team member contribution to the construction of common goal by means of understanding the relationships. Therefore, leadership becomes the task that involves relation and interaction between the people involved into common business and which realize the companys objectives and the way how to reach them. In such relational role, leader is no more a single executor, but one becomes a co-creator of what the team, department or community wants to create. Besides, modern leader is not just a person who controls the performance of certain processes, however, one possesses a role of mentor and coach with the ability and skills to involve employ ees in the development of something, thus provides them advice, opens new developmental opportunities and possibilities for discussing and search of possible consensus. With the task role of cultivator, leaders work to ensure good business environment where people would be able to create and diversify ideas and decisions. It means that if a team has such a helper or facilitator of the process, the members would impose upon leader’s decisions and would try to participate in the dialogue providing partnership, giving creativity and discovering innovation (Pless & Maak, 2004). The following paper will investigate some of the leadership principles that can assist in the future performances; the relationship between the guiding principles of leadership will also be discovered. The role of leaders in not exaggerated in the modern business environment due to the multifacing that one should be. The ability to persuade others, make proper decisions in a tough conditions, knowing how to resolve

Strategic management Essay Example | Topics and Well Written Essays - 3250 words

Strategic management - Essay Example It continues to stipulate the rationale why china and India are the best-suited countries for management and investment sector. In the main body of the report, strategic development directions through FDI in china and India have been articulated clearly; this is through application of Ansoff Matrix, which features the consolidation, integration, diversification, market penetration and product development options (a table has been selected to analyze the general Ansoff matrix). The management report continues to discuss the organizational structure for both counties and stipulates the advantages and disadvantages for investment opportunities. NB, in this area, the report analyzes on infrastructure, risk and economic simulations, economic relations, FDI incentives and technological aspects. In the last part of this management report, we deal with the leadership and management aspects for application of Thomas cook strategic development directions. ... This analytical approach has been part of my option for better and quality assessment of directions that India should set up to increase its Direct Foreign Investment, one has to have a unique outlook to assist him deal with the diverse exchange royalties. I have decided to have a dynamic approach to the management prospects of the company Thomas Cook. Essential planning is required as one deal with these aspects of development strategies. My strategic development consists of future orientation, where the environment is deemed to change. One outlooks one the perceptions of the organization and how I want my company to be in future. My choice of development strategies concerns: technological, political, economical, the environmental conditions and on dimensions of the social background. Both China and India have policies that assist one in the overall implementation of strategies and management of the FDI in the end, I am able to determine the level or china and India resources throug h development strategies and to the optimum level of resources of each country. Choice of development strategies also relies on the structure and resources of each country. Reassessments of company elements and modification of the economic investments in the countries should be in continuous strategic move. Choice of development strategies is also due to the strong economic and environmental ties between the two countries, one is encouraged to foster foreign direct investments in china due to openness in development and it instills continuous changing goals for investments. China sets good investments mechanisms all over the world to ensure

Summative Coursework Assignment Essay Example | Topics and Well Written Essays - 4000 words

Summative Coursework Assignment - Essay Example Generally Accepted Accounting Principles (GAAP) is dealing with various accounting principles and guidelines for undertaking the implementation of accounting practices. But on the other hand, financial accounting is also important for evaluating the profitability of the business entity. Accounting is a system used by the business entity to measure its financial performance. There are several branches of accounting are available, but among them both management and financial accounting is relevant. The main emphasis in management accounting is to establish the relationship between cause and effect of a particular activity. More over, it is multi disciplinary in nature, because it is a combination of several disciplines like financial accounting, cost accounting, statistics, etc. In this case, the net profit of the company is goes on increasing, but at the same time, the cash in hand is decreasing to certain extend. Cash is a critical asset, which plays an important role in business. Cash flow statement is a statement showing the change in cash position from one period to another. Because it is possible to identify the causes of changes in cash balance between the two balance sheet dates. While preparing cash flow statement mainly it is essential to consider both actual cash flows and notional cash flows. Cash Flow Statement For the year ended 2002 Particulars Amount (in m) Cash used in operation. Issue of shares. Cash generated Add: Opening cash balance Cash balance at the end (1) 6 5 4 9 Calculation of Cash from operation Particulars Amount (in m) Net profit Add: provision for taxation. Funds from operation. Add: decrease in debtors. Less: decrease in creditors. Cash used in operation. 4 6 10 8 18 (19) (1) Adjusted Profit and Loss Account Particulars Amount (in m) Particulars Amount (in m) Provision for taxation. Depreciation of FA (balancing figure) Closing balance 6 14 (6) Opening balance Funds from operation. 4 10 14 14 Workings:- Here, there is no disposal of assets takes place in the year 2001 and 2002, therefore the difference between the value of assets in both years are considered as the amount of depreciation, such as- [166_152] = 14m. Propose Dividend Account Particulars Amount (in m) Particulars Amount (in m) Cash (dividend paid) Closing balance 7 9 Opening balance. Balance transferred to Profit and loss account. 7 9 16 16 While preparing the cash flow statement of a business organization, it is possible to understand about the causes of changes in the cash flow position of a business unit. Through which, it is possible to identify that the reduction of cash balance inspite of increase in income or for increase of cash balance in spite of decrease in income. This statement consists of opening cash balance and all sources of cash and all applications of cash and ends with the closing balance of cash. More over, here the changes in current assets and current liabilities are adjusted in the amount of cash from operation. It is necessary for a firm to keep adequate amount of cash in hand for making immediate payments. The major responsibility of the financial manager is to plan cash and maintain adequate cash balance. A cash flow statement is considered as a summarized cash account. In addition to this,

Managerial economics and strategic analysis Essay

Managerial economics and strategic analysis - Essay Example Hays (2004) estimates that about 70 % of the sales volume for the Company comes from outside the United States and about 80% of the profits comes from non American countries. Coca cola Company is therefore one of the Companies with most presence in the world, which is attributed to the fact that the soft drink; Coca Cola is widely available globally and has become the world’s favorite soft drink (Hays, 2004). According to Dess (2012), the successful implementation of a Company’s strategy requires effective strategic control. Control is in the form of behavior and how information is used. In order to cater for the interests of the two key players in a Company, that is the shareholders and the managers, a Company must ensure that these interests are aligned (Dess, 2012). This can be achieved through establishing corporate governance. Globally, the soft drink market is dominated by three Companies; the Coca Cola, Cadbury’s Schweppes and Pepsi Cola Companies. Coca Cola laid claim to about 47% of the global market with Pepsi Cola following at 21 % and Schweppes at 8%. In aligning the interests of the Company shareholders and managers, Coca Cola separated the Company separated it’s ownership from its control. This was made possible through the employment of managers to run the Company on behalf of the owners. The company employs the use of incentives intended for its managers to facilitate the achievement of the Company’s goals. The control of governance mechanisms has been successfully achieved through the use of external auditors who check the Company books regularly to ensure that the financial information disclosed by the Managers is accurate and in doing so; protect the owners from financial risks (Dess, 2012). The Company is also subject to external regulatory bodies that check for the quality of their product and control the standards of these products. These bodies ensure that the consumer gets a product that fits their needs

About Gallos theory Essay Example | Topics and Well Written Essays - 1000 words

About Gallos theory - Essay Example This bring of board Gallos four-dimensional diagnostic theory which proposes for a multi-pronged approach to organizational diagnosis, change anddevelopment Organizations can be understood as families, machines, a theater or even a jungle. In line with this view, it can then be argued out that organizations are ordinarily characterized with complexity. This therefore necessitates for a diagnostic model to be brought on board to assist in better comprehending this complexity. One of the theories used in shading light to organizational complexity is Gallos’ four-dimensional diagnostic model. Undeniably, organizations have complex dynamics. Besides being obliged with the reframing role in those organization development works which are seemingly effective, the aforementioned model also makes an exploration the various avenues through which the multi-frame model can be employed for purposes of expanding perceptions of the organization’s stipulated change, development and intervention strategy. This brings to our attention the aspect of organizational theory. By definition, organizational theory denotes the study of the structur es, designs as well as relationships of an organization with the external environment. Organizational theory encompasses the strategies that organizations embark on so as to comfortably cope up with changes taking place within and around the organization. In addition, organizational theory (OT) also entails the study of an organization so that the organization in question can be in a better position to reap from the identification of a shared theme of purpose, maximize productivity and efficiency and at the same time ensure that it satisfactorily meets the stakeholders’ needs. Notably, the principal traditions in organizational theory fall into four discrete areas, commonly known as frames. These frames include organizational structure, political dynamics, human resource and

Research paper Essay Example | Topics and Well Written Essays - 1000 words - 3

Research paper - Essay Example The essence of all these tax systems is to collect tax for the government, and enhance the ability of the government to provide essential goods and eservices to its citizens. Nevertheless, the application of different types of tax systems and their calculations have been confusing to the citizens. While some tax systems seem to create equality for all people, regardless of whether they are rich or poor, others seem to favor the poor, by making the rich pay higher taxes. Taxation should have a neutral effect on all people, considering that it is not a voluntary contribution, but an enforced contribution established by the laws (Robert, 194). Nevertheless, to help close the gap between the rich and the poor, and create a system of fairness, people should pay taxes based on the income that they earn. Therefore, the rich should pay higher taxes than the poor. Making the rich pay higher taxes than the poor will increase the efficiency of income distribution in the economy. When the rich p eople are taxed higher than the poor through the progressive tax system, which increases the rate of taxation with an increase in the income to be taxed, the amount of tax obtained is relatively higher to the one obtained when a flat rate of tax is applied (Robert, 191). This being the case, it increases the amount of resources that the government has at hand, which can then be reinvested back to the economy, through enhancing and increasing the provision of goods and services to the citizens. However, if all people are taxed at a flat rate, the rich will certainly save more than the poor, since after the taxation, they will be left with a higher amount of income. The problem with this concept is the fact that the rich may choose to save the extra income they have, other than reinvest it in the economy, creating a shortage of the resources circulating in the economy, thus making the provision of essential goods and eservices inefficient (Robert, 196). Therefore, the intervention of the government to ensure a higher taxation of the rich, compared to the poor is vital, since it forces the rich to release the extra income and place it at the disposal of the economy, where it can be used to serve all people, and mostly the poor, through providing them with essential services, since they need them more than the rich. Another reason why the rich should be taxed more than the poor is the fact that this would increase the purchasing power of the poor, who are the majority in the economy. Taxing the rich more than the poor means that the poor will be left with a higher percentage of their revenues at their disposal (Robert, 192). This makes it possible for their purchasing power to be increased, which also serves to stimulate the economic contribution they make to the economy. The higher the purchasing power of the people, the higher the contribution they make to the economy. Additionally, taxing the rich higher than the poor will make it possible for the poor to save a substantial quantity of their incomes, and then start investing into the economy through starting small businesses (Robert, 195). This is beneficial compared to taxing all people at a flat rate, which would mean that the rich people would save more of their incomes than the poor, since the rich do not necessarily need to invest. Therefore, while income in the hands of the poor is