Effective Leadership Essay Example | Topics and Well Written Essays - 2000 words - 1

Effective Leadership - Essay Example Brown and Duguid (2000) pointed out that an effective knowledge officer collects and leverages knowledge using information technology as a platform – from the varied holders of knowledge and information. All organizations require people that can gather relevant knowledge from those who have it, reorganize it into formats that are usable and edit or update it as time goes by, so as to ensure that it offers the highest value. However, the organizations that are likely to fit into the wide description are those that foster knowledge management, encourage organizational learning and value knowledge as critical to their business processes (Al-Ghassani et al., 2004). This paper will explore the role of leadership in effective knowledge management, identifying the skills and the attributes required for knowledge management. ... organization is viewed as a critical aspect of organizational strategy; the situation where the organization understands the potential of the knowledge resource and formulates the strategies for its marketing. Thirdly, the organization should adopt the outlook of using learning and knowledge to support its core competencies and in the process of creating other competencies (Collins, 2001). Lastly, its management should entail the appointment, examination and rewarding of personnel on the basis of their participation in developing the knowledge required. The appointment of the knowledge leader, in an organization, is usually an indicator that the significance of knowledge and knowledge management, in determining the future success of the organization is acknowledged. Bass et al. (2003) acknowledge that the role of the leader or manager in taking the place of a knowledge leader is relatively immature, and there is no job specification to guide the process of recruiting the right leader . However, the effectiveness of their leadership skills, leadership outlook and the overall outlook about managing human resources offer the course for their leadership agenda (Hay Management Consultants, 2000). Further, irrespective of the lack of a clear definition of the roles of the knowledge leader, some of the roles that they are supposed to play, towards guaranteeing the effectiveness of knowledge management are discussed next (Andreas, 2005). These roles include promoting the knowledge agenda, fostering education and learning, laying the infrastructure, promoting best processes and practices, creating a culture of knowledge sharing and advocating for the practice (Andreas, 2005). Literature Review Leadership is fundamentally related to the relationships or the interactions between

The topic can be proposed by the writer Term Paper

The topic can be proposed by the writer - Term Paper Example However, in the contemporary market conditions, business affairs are highly complex in nature. There are many situations in the economy where few corporate firms in the industry possess extraordinary powers to manipulate the price and quantity supplied. These are situations when the resource apportion in the economy are not proficiently executed. The wastage of productive resources in the economy leads to social welfare dampening. Thus, for ensuring proper economic development in a nation, the economy must be guided by the Mixed Economic Principles. In such situations, the power and the antitrust practices of the private business organizations are controlled by the public authorities. This project would focus on the antitrust behavior of the famous multinational company of Microsoft in U.S. (Ross, â€Å"The Economic Theory of Agency: The Principal's Problem†). Monopoly Market In the theory of economics, a monopoly market structure is characterized with no competition in the ma rket. In this type of a market structure, there is only one seller in the market. On the other hand, the number of buyers in the industry is infinite. The single seller has the power to manipulate the market price of the product or service sold by him. The type of product or service sold by a monopoly seller in the market may be homogeneous or heterogeneous in nature. A monopoly seller is a profit maximizing agent in the industry. Figure 1: AR and MR Curve of a Monopoly Producer AR, MR Price or Average Revenue Curve (P or AR) Marginal Revenue Curve (MR) Quantity (Source: Authors Creation) The above diagram shows that the price or average revenue curve of a monopolist in the market is negatively sloped. The marginal revenue curve is also downward sloping for a monopolist. In the long run, a monopolist may enjoy normal (break-even) profit, supernormal profit or loss. A monopolist in the market discriminates among its consumers on the basis of the product prices charged to the customer s (Gravelle and Rees 145). Figure2: Price Discrimination (Source: Stole, â€Å"Price Discrimination and Imperfect Competition†) As shown in the above diagram, a monopolist may discriminate among its consumers on the basis of prices. In the above diagram, for the s=2 demand curve, the monopolist charges price p2 and it charges price p1 for the demand curve s=1. It may seem that a monopoly structure is a hypothetical market but by adopting special business strategies, a firm might become a natural monopolist in the industry. Figure 3: Natural Monopolist (Source: Tragakes 184) A single seller may grasp an entire share of market demand by taking the First Mover Advantage in business. By increasing the base of customers, the company may enjoy economies of scale in production. Scale economies in the long run would help the firm to minimize the average cost of production. In such a situation, it would be impossible for another firm to enter in the industry and sell products at such low average costs. Thus, a natural monopolist in the market enjoys scale in economies of production and prevents other firms from entering the industry. Figure 4: Welfare Loss in Monopoly (Source: Mankiw and Taylor 253) As stated in the above diagram, the efficient quantity of output is much more than the monopoly output threshold. On

Should the Oxford's word of the year to be included in a formal Research Paper

Should the Oxford's word of the year to be included in a formal dictionary - Research Paper Example To facilitate common understanding, all these words, whether easy or hard, common or unique should be appropriately documented in a dictionary (Winchester 87, qtd. in Brown). In the recent years, the society has used various words for informal communication and self expression in the internet. Among the most popular are the words â€Å"selfie, bitcoins, and twerk† which Oxford had announced as the new international words of 2013 (Rabe). This paper attempts to describe the qualifications of new words to be placed in a dictionary. It will also illustrate the implications for educators and students for including Oxford’s new words in a formal dictionary. Finally, it attempts to show why these new words should not be contained in formal dictionaries. Definition of Oxford’s New Words The new Oxford’s international words were developed at the height of technology and digital communication. For instance, selfie is used to describe a person who is fond of taking pictures of oneself which are then posted in the social networking sites. This word was first used in an online forum in Australia (Rabe). In addition, twerk is defined in the social media as â€Å"work hips in a sexual way† (â€Å"Twerk†). On the other hand, bitcoin refers to the new form of currency for making online purchases. It has been popularized as the new digital currency (â€Å"Bitcoin†). At present, the usage of bitcoins is still in the experimental stage so there is a probability that this word will not remain permanent. Qualification of Words in Formal Dictionary The general rule for a new word to be qualified in a dictionary is that the word should gain a significant number of citations from different publications. This proves that many people are using the word. However, this rule does not apply to all situations. There are cases when too many citations give editors difficulty to identify the real meaning of the word (â€Å"How Does a Word†). For instance, after the word selfie became popular in an online forum in Australia, several words were also developed such as â€Å"drelfie† to refer to â€Å"drunken selfie† and â€Å"welfie† for â€Å"workout selfie† (Rabe). Moreover, a new word should also be cited for at least two to three years in various sources before it can be placed in a printed and formal dictionary (â€Å"How Do You Decide†). Many of the new words such as selfie, bitcoins, and twerk that were recognized by Oxford come largely come from soc ial media. Since there is a lack of variation of sources, the new words still lack qualification even though they have reached an enormous amount of citations from social networking sites. A group of editors is responsible for evaluating whether or not certain new words are qualified to be placed in a formal dictionary. Their judgments are primarily based on the currency of the words, clarity of meaning, and the establishment of the words in the language of a society (â€Å"How Does a Word†). For this reason, editors need to have a substantial period of time to effectively evaluate the qualification of the new words. With the presence of the internet, it is very easy for certain words to become highly popular and gain numerous citations. Thus, the editors should not base their judgments solely on the frequency of citations. This applies to the various new words that Oxford is considering to place in its formal dictionary. Moreover, the new words identified by Oxford especiall y selfie and twerk are commonly considered as slang words which are used for informal communication in blogs and online forum among surfers in the internet community. This is evident in the dictionary for slang words which defines selfie as a photograph of oneself which is taken by oneself (â€Å"Selfie†

Economics Essay Example | Topics and Well Written Essays - 1000 words - 17

Economics - Essay Example In a closed economy where there is no foreign trade, the level of outputs that are produced will be at market equilibrium as the demand levels will further be met by the supply levels. However, during recessions, when unemployment rate rises, the demand will still be met by the supply, although the demand level will be lower. This is why in the goods market prices and quantity will settle at the equilibrium but high unemployment can still be present in the economy. This has been termed as the â€Å"Keynesian unemployment†. As what has been described earlier, in determining output to meet the demands, there are two views—the Keynesian and the classical view. The classical view argues that prices and wages are flexible, in such a way that excesses in either demand or supply will quickly be absorbed by the economy and resume full employment of resources after economic shocks—or abrupt changes in the aggregate demand and supply curves. The Keynesian view on the other hand argues, as apparent in its sticky theory of prices and wages which says that these two factors are sticky in the short run because of contractual rigidities such as agreements made with different interest groups such as the labor unions. In the latter situation, the one proposed by Keynes, higher levels of aggregate demands are needed for output to respond positively because aggregate supply curve is relatively flat especially when output levels are low. In this situation, the economy can have long periods of unemployment b ecause prices and wages are slow to adjust to shocks, and reaching full employment of resources is slow to reach. When classical economists argue that unemployment results from the interaction of the labor demand and supply curves, and lowering the wages will spread the labor supply which can curb unemployment in the process,

Invisibility of Nursing Essay Example | Topics and Well Written Essays - 1250 words

Invisibility of Nursing - Essay Example Focus of development and adoption of standard clinical terminology is to enhance quality in the field of nursing through terminologies that are established using tried and tested methods; reducing effort through avoidance of wheel reinvention; compatibility by integration of data gathered from different source systems, and great coherence and convergent mechanism between terminologies. The American Nurses Association (ANA) is responsible for standardizing nursing terminologies and coordinating various minimum data sets in the United States of America. Nursing Practice Information Infrastructure (CNPII), a committee for ANA, evaluates the data sets in addition to standardized terminologies that are submitted to them, to check whether they are in accordance to certain criteria (ANA, 2012). This criterion includes, terminology development is clinically useful and that the terms are not ambiguous in addition to being clear. The International Health Terminology Standards Development Organ ization (IHTSDO) is an international organization, which in non-profit and it is based in Denmark. The organization owns, acquires, and administers rights to SNOMED CT in addition to other related standards and health terminologies. IHTSDO purpose is to develop, promote, maintain and enable the correct uptake and use of its terminology products around the world. The organization improves health of human kind through nurturing development and use of standardized clinical terminologies. This enables accurate, safe and effective exchange of health related and clinical information. Several advantages of using standardized terminologies arise for direct care nurses. There is better communication among nurses and other health care providers. Using standardized nursing... This paper approves that various challenges arise in using standardized terminologies. Constraints arise on what is achievable and desirable. A lot of communication is health care will be informal. This includes written comments and conversations that are meant for short term purposes. The challenge here is to draw a line where to justify feasibility and desirability of formalization. Granularity is another issue. The level of details to be used in standardized language is a challenge. Relevance of details in the language is arguable on matters of functionality, for current or future use of the standardized terminologies. This essay makes a conclusion that development and adoption of standard clinical terminology, also adds value in healthy policy decision making. NMDS is essential when it comes to Medical Treatment Effectiveness Program. This is a program that is funded by the federal government and its sole purpose is to demonstrate the procedures that are most effective in production of quality client outcomes. This is enabled through a standardized nursing language through NMDS. The federal government is able to make decisions on healthy policy issues such as, effective nursing care, based on nursing data on NMDS. Another area on decision making on healthy issues is, the prospective payment for home healthcare. Through NMDS, data can be retrieved and used for prospective payment systems that can account for variances in the cost of care providence to clients in home stings.

Has the auditor lost its relevance as a profession Literature review

Has the auditor lost its relevance as a profession - Literature review Example The secondary data sources have been used to study the previous studies and the empirical literature on the incompetency of the auditors and the adverse consequences faced the public due to their irresponsible activities. The literature review then assesses the justification of the expenses incurred for the purpose of auditing and the value that has been added as a result of auditing activities. The questions asked on the relevance of auditing function, mainstream and the alternative viewpoints on the topic have been reviewed. The recommendations on the ways of adding relevance to the auditing profession have also been included in this study. Historical background The auditors and their functions of auditing have never in such a limelight as ever before. The occurrence of the global financial crisis has raised concerns in the US, UK, Belgium, Singapore and in many other countries of the effectiveness of the auditing profession in the industry. The economic debacle exposed the ineffic iencies in the auditing practices conducted by the auditors. The US Senate, parliaments in different countries of Europe have started to relook into exploring a new model for auditing practices as its was felt that the auditors and their profession of auditing has lost its relevance in streamlining the business records, identifying the gaps and loophole and help the business to keep fair and transparent financial records for public disclosure. Several companies in the past have been involved in the financial scams where there balance sheets and financial statements have been inflated and thereby misled the investors about the true financial status of the companies. For example, Enron has been earmarked as the biggest audit failure in the history when they showed poor standards in auditing of financial statements mainly due to the mal intentions of their board of directors that led to the incorrect disclosure of financial statements to its shareholders. The eventual fall of performan ce of Enron brought out the truth and finally Enron Corporation went bankrupt. The impacts of failure of auditing were hugely felt during the global financial crisis. The accountability for lack of transparency in the financial statements was affixed to the auditors (Kornberger, Justesen and Mouritsen, 2011, p.525). Hence, the costs incurred and the time and energy spent in the profession of auditing were felt as unnecessary burdens with the advent of control technologies and automated systems to streamline the financial records and information. Methodologies The methodologies adopted for carrying out the activities of auditing is important in establishing the relevance and effectiveness of the auditors. The auditors are the final check points of the financial information to be disclosed to the public after their certification. Thus the methodology adopted by them for evaluating the values of the assets and liabilities of the company in judging the correctness of the financial infor mation is very important. The auditors follow the method of going concern in assessing the value of the assets and liabilities of the companies. This raises the complications in the activities of the auditing profession. The method of going

Analytical Paper Essay Example | Topics and Well Written Essays - 1250 words

Analytical Paper - Essay Example Via the characters they come across on their mainland trek, Granado and Guevara witness personally the injustices, face the deprived as well as meet the people and social-classes they could have never came across before. To their astonishment, the road portrays to them a real and enthralling image of Latin-American identity. Consequently, the trip correspondingly establishes the beginning of cognitive dissension and revolution within Guevara Ernesto, who apparently would later consider armed revolution as a technique to confront the continent's widespread economic disparities (Drinot17). In Cuba, Guevara discovered that the peasants had no electricity, schools, accessibility to healthcare and that 40% of the grown-ups were uneducated. Guevara established workshops to impart military tactics, health clinics as well as a newspaper for information disseminating. Guevara was instrumental for devising novel strategies for Cuba’s political, social as well as economic development. Gu evara ensured revolutionary justice against the traitors; he also instituted the Agrarian land-reform as well as the Agrarian Reform Law. This resulted in land redistribution and equality. Guevara was instrumental in instituting universal accessibility to higher education through introducing ‘affirmative action’ to institutions of higher education (Elena 45). Guevara is portrayed in The Motorcycle Diaries as a first-timer tourist:  a freshman finally wriggling out of his upperclass bubble and understanding the world as it is.  Eduardo Elena’s article â€Å"A  Point of Departure† contests this by indicating that this was not Guevara’s first voyage (26). In the movie, Guevara tells Granado that he had not traveled before, though Elena articulates that Guevara’s upper middle-class social rank gave him the chance to travel on holidays with family, and he  travelled as a youth before getting on this specific expedition. Elena  emphasizes that it is this tour in all over South America that is broadly thought to have opened Ernesto Guevara’s eyes to the miseries of the publics as he departed from his accustomed life in Argentina from  1951 to 1952. Guevara’s trips had him witness the divide between the haves and the have-nots (Drinot 10). The Motorcycle Diaries portrays Guevara persistently disregarding his fortunate social status to go through his explorations as an ordinary person. Elena supposes that this transpired as one approach in which Guevara started to display his non-conformist outlook towards a conventional community; his non-conformist explorations had a reflective impact upon how Guevara viewed the society around him.  Ernesto had the aptitude to decide to  rough-in, and this provided him with a distinctive perspective  to see the  predicament of the underprivileged he came across on his explorations (Drinot 11). Guevara’s discoveries made him have a negative attitude towa rds the prevailing upper and middle class standards, cultural expectations, as well as the political tendencies of the 50s. Elena states that  this was Guevara’s choice,  as demonstrated many times  in the movie through his endeavors to interact with the common people they came across in their exploration rather than renting home services or lodging (34). While Granado sought to exchange their skills for food and shelter, Ernesto