Business decieon making Assignment Example | Topics and Well Written Essays - 1500 words

Business decieon making - Assignment Example Whereas the institution will provide enough facilities for the students for proper learning, it will prepare them psychologically for the cramped state of the job market. Furthermore, the facility will provide students with practical skills for living positively. It is essential that students learn about life skills and the best ways to cope in the society and adhere to expected norms. Thus, although the institution will not be biased to any religious setting, it will labor to provide the right guidance to students and inculcate in them the significance of ethics and values. In so doing, the institution is set to give the students a mindset that will enable them fit anywhere in the world. Mission The institution’s mission is to train, prepare and mould students of sound character, life skills and with the knowledge of the real world and ability to fit and work anywhere in the globe while providing the best professional services and products Keys to Success The keys to success of the institution will be to ensure it indoctrinates Chinese way of education in the Libyan students. Whereas there will be adherence to the legally recognized syllabus of the Libyan people, the institution will instill Chinese Education system ethics that are geared towards preparing learners for the real world (The China Expat, 2013). Students will have the opportunity to have a feeling of the job market and innovative sphere before they get out of school. In so doing, everyone leaves school a prepared individual, copes well in the environment and becomes more productive than they would otherwise be. Company Summary Company Ownership The institution is owned by a group of Libyan graduates from China. The group is accomplished in matters of education. For the past four years, they have been working as tutors within the country. It is high time they thought their expertise in tutoring and experience in matters of Chinese education could help uplift the education standards of the co untry. They, therefore, have established the institution to aid vulnerable and needy students from the Libyan society. Company Start-Up Plan As stated earlier, the company is a creation of some Libyan graduates with expanse background and expertise in Chinese education system. These graduates from Libya and China have the passion and are highly motivated to start a miniature plan of Chinese education values in the country. The company has so far just began and is in its initial stages of start-up. The institution has started with 20 students in high school. It intends to increase its premises with time an open its doors to more students. The institution is set up to provide help to students with needs, and may not have an escalated expansion in the event that it does not obtain funds for the purpose. Market Analysis and Summary The institution intends to gather student population from all over the country. It will endeavor to reach out to all communities in the country and admit the neediest students in these communities. Whereas the founders believe that it may be impractical to help all students from needy backgrounds, it will labor to reach as many needy students as possible and change their lives. In addition to going out to the community, the institution will go into children’s centers and orphanages that have educational facilities only for the primary category. It will admit students who have finished their primary schooling

Personal Leadership Philosophy and Practice Paper Thesis

Personal Leadership Philosophy and Practice Paper - Thesis Example What is leadership? Leadership can be broadly defined as unique approach of individuals or leaders who can bring about changes in other people. It is an integral part of human behaviour as it is linked to followers. Kouzes and Posner (2007) assert that leaders’ approach to tackling issues or promoting a cause is major factor that makes them popular amongst the followers. It becomes highly pertinent within the organizations as it helps to meet the challenges of work paradigms and inspires others to achieve a common goal. Leadership styles Chandler (1977) has explored the issues with reference to individual approach and says that strategies of managerial leadership become their major motivating factor for their success within the organizations. I believe that three major styles of leadership are popular within organizations: Transformational; situational; and participative. James Burns (1978) states that transforming leadership is based on a relationship of mutual inspiration an d elevation that converts followers into leaders and may convert leaders into moral agents. The political leaders are often endowed with traits of transformational leaders who take up social causes as major agenda to transform them into staunch followers. Situational leaders exploit situations to enhance performance. Sjostrand and Tyrstrup (2001) believe that managerial leadership is relational ongoing social construction which adapts to the changing equations. This is very important in the contemporary environment of fast changing technology and globalization. Such types of leaders are able to convince others to adopt changes and take them as opportunities for improving productive outcome. Participative leadership takes into consideration the views of others and promotes collectives decision making based on informed choice for common goals. Tannenbaum & Schmidt (1973) emphasize that organizational leaders increasingly prefer participative leadership as they can use effective commun ication to share organizational vision, mission and goals with the workforce. Leadership traits Leadership qualities and traits encourage participation of the workforce in the overall strategy of having collective goals through shared learning. Many scholars have conducted studies to find the traits and behaviour and leadership style that has transformed common man into effective leaders (Stogdill 1974; Yukl 2002). Few of the important traits that a leader must inculcate are: good communication; vision; adaptability towards change; positive attitude and commitment; creativity, initiative and belief; integrity and ethics; compassion and caring nature. Effective communication is one of the most crucial traits of the leaders which is used to disseminate information and inculcate a sense of responsibility amongst the various stakeholders of the organization. Visionary leaders empower their followers so that they can make decisions based on informed choices. It facilitates in adapting to the changes which occur due to transforming technologies and values and significantly impact organizational processes. Indeed, effective leadership influences cultural identity and helps adapt to the changing environment. The organizational le