Friday, December 27, 2019
Global Political Economy International Business School
Country Economic Analysis Canada Research Paper Submitted to: Professor Mohtadi In partial fulfillment of the MBA course Global Political Economy Hult International Business School Submitted by: Sourav Adhikari - Francesco Campione - Itzeen Pla - Shalini Raina - Juan Diego Rojas - Jesus Verde August 4, 2015 Boston, Massachusetts Table of Contents Executive Summary 3 Macroeconomic trends. 4 Canadaââ¬â¢s exchange rate and trade policies 4 Exchange Rate 5 Trade Policies 6 Canadaââ¬â¢s monetary and fiscal policies 8 Monetary Policy 8 Fiscal Policy 8 Canadaââ¬â¢s strengths. 9 Canadaââ¬â¢s Weaknesses 11 Canadaââ¬â¢s opportunities for growth. 11 Canadaââ¬â¢s Threats 12 Exhibits 14 Executive Summary For the last 10 years, the Canadaââ¬â¢s real GDP is increasing. This is not the only sign of a growing economy; the unemployment rate is decreasing as well. Foreign trade heavily sustains the Canadian economy; it accounts for 45% of the GDP. Canada is an open trade country, and thus its currency ââ¬â the Canadian dollar ââ¬â is a floating currency. After 1998, Canada also changed its intervention policy deciding for a discretionary intervention in only exceptional circumstances. The objective of Central Bank of Canada is to preserve the value of the currency by keeping down and stable the inflation rate. Canada has multiple strengths. Its main strengths lie in natural resources, diversified economy, high quality public education and political stability. Canada has also the most highly educatedShow MoreRelatedI Am The Owner Of My Company1061 Words à |à 5 PagesI am the owner of my company - Hjerta Advisors, a corporate strategist firm specialized in government relations and financial services by providing back channel services to business leaders and government officials on current China economic affairs. If you are curious, Hjerta means heart in Swedish. As someone who was born in 1980ââ¬â¢s mainland China and later worked on Wall Street, I witnessed the spectacular economic development of China through both western and eastern lenses. With the gradual deepeningRead MoreImpact Of Globalization On Economic And Political Growth1327 Words à |à 6 PagesGlobal Business Environment Introduction This paper investigates the impact of globalisation on the economic and political growth. For several years the economic instability and high levels of income inequalities and poverty have hurt Brazil. Domestic market had positives impact on Brazil in order to stable the economy. How Has Politics Impacted Global Business in Brazil 2. Globalisation 2.1 Definition of globalisation Globalisation is the process of communication and mixingRead MoreReflection Journal in International Business1692 Words à |à 7 Pagesgiven the slides by Mr Dasilva, my heart pounded. Oh noâ⬠¦. International Business. It sounded so global and dry. I was hoping that it will be somewhat similar like Marketing. However, we were told that International Business is defined as Globalisation of Business where countries are more integrated and are interdependent on world economy. Which is similar like Marketing but in a wider view. Approaching to the learning of International Business, students were told on the Problem Based Learning. We learnRead MoreGlobalization and Analysis of Lenovo in an International Market1297 Words à |à 6 PagesThe world become globalization through the economic, political, cultural, ecological, and ideological[1]. Global economic and political ties more closely; cultural communications are very frequently; global warming, sea protection and other environm ental issues need all countries to cooperate to solve. In the multipolar world , the BRIC (Brazil, Russia, India and China) ,G20 such emerging economics have an more impact to the world. World multiplarization and economic globalization make the emergingRead MorePolitical Influence : Milton Friedman And The Chicago School Of Thought Essay1710 Words à |à 7 PagesMilton Friedman. Traditionally interconnected with International Policies the policies of Friedman and the Chicago school of thought has had a impacts on the quality of life and access to basic services. Through the policies of ALEC (American Legislative Exchange Council) countries across the world have experienced the backlash of extreme neoliberal policies exploiting the poorest of countries and people for the profit of white wealthy business men often collaborating with members in ALEC. SupportingRead MoreQuestions On International Trade Theory1332 Words à |à 6 Pagesnumber: 201109990 Module name: International business Module code: MKIB 225 Essay question: Why do businesses internationalize? Compare and contrast the various ââ¬Å"standardâ⬠theories . Word count: 1051 Why does business internationalize? 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Traditionally interconnected with International Policies the p olicies of Friedman and the Chicago school of thought have had significant NEGATIVE impacts on the quality of life and accessibility to basic services. Through the policies of ALEC (American Legislative Exchange Council countries across the world have experienced the back lash of extreme neoliberal policies exploiting the poorest of countries and people for the profit of white wealthy business men often collaborating with members inRead MoreEconomic Impact Of American Fast Food Upon Developing Countries Essay1736 Words à |à 7 PagesLee Arkansas School for Mathematics, Sciences, and the Arts Introduction Developments leading up to the 21st century are best characterized by the economic advancements found in countries all over the world. Regardless of the level of these advancements in a country, achieving higher living standards, financial stability, and overall growth of the economy are the perpetual goals for a country. Because every country is unique in terms of their economic, political, and social standingsRead MoreThe Origin Of The Japanese Values Of Precision And Punctuality966 Words à |à 4 PagesIntroduction Precision and punctuality is believed to be the order of the day in the Japanese society in both workplaces and social settings. Punctuality is highly regarded as an important factor that has contributed to the success of the Japanese economy in global scene. In 2013, the train transport between Osaka and Tokyo recorded an average delay of six seconds only. There is a deep sense of respect for other peopleââ¬â¢s businesses with concerns that such activities should not be interrupted due to lateness
Thursday, December 19, 2019
business law conditional acceptance Essay examples
Research essay Forming a contract there must be six essential elements which are acceptance, consideration, intention to be legally binding, capacity of the contract and finally legality of the promises.1To archive an agreement between the offeror and offeree there is a formula whereby offer+ acceptance=agreement.2An offer has to be created firstly. An offer means the indication by one person to another of his willingness to enter a contract with the other person on curtain terms.3An offer can either be written or oral example of an offer are email, letters, verbally offering something and internet. The purpose of this research essay is to see how the Australian contract law about acceptance must be unconditional and final. This essayâ⬠¦show more contentâ⬠¦The court held that there was no binding agreement between both of the parties only they had condition to the agreement where one party doesnââ¬â¢t accept it. In other words the both parties was in a negation stage. The high court of Australia had to make the same decision if any future cases arise with the similar facts.12Besides that, similar problem had surfaced in the case of ââ¬ËSouter V Shyamba Pty Ltd.13The court had to decide whether the document on 1 may 2002 was a binding contract or the parties just agreed on the price of the hotel, intending that no binding contract would come into existence until the exchange of a formal contract prepared by their solicitor. The court decided that there was a contract between both of the parties because firstly. There were formalities between both of them. Secondly, there was no reference that the document had terms like ââ¬Å"subject to contractâ⬠or ââ¬Å"subject to financeâ⬠. Lastly they had advice from their solicitor and they knewShow MoreRelatedThe Case Of Postal Acceptance Rule And Conditional Acceptance2064 Words à |à 9 Pagescom Acceptance in Contract Law: The case of Postal Acceptance Rule and Conditional Acceptance. 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Dear Managing Partner, ThisRead MoreElements of Contract Essay908 Words à |à 4 PagesA contract is a legally binding exchange of promises or agreement between parties that the law enforce. It does not prescribe the rights and obligations of the parties. A contract does not need to be in writing to be enforceable. We will evaluate the offer, acceptance, and legal consideration. Written A written contract clearly communicates the details of the deal in writing. Also it eliminates doubt that it exists which is what has to proven in a verbal contract. Written contracts can comeRead MoreQuestions On Australian Contract Law1984 Words à |à 8 Pagesââ¬ËAcceptance is a definite and unqualified assent to an offer, on all of its terms. Any acceptance given conditionally will not result in a legally binding agreement.ââ¬â¢ Discuss the accuracy of the above statement with reference to Australian contract law. Rule for the Legal Enforceability of Contract A contract is simply an agreement which has legal value so that it is binding on both the parties, and each of the party can enforce it lawfully in case of any contravention of the terms of agreementRead MoreQuestions On Business And The Law1736 Words à |à 7 PagesLEGT1710: Business and the Law Assignment Task 2 Weighting ââ¬â 20% of Course Mark Advise whether Billy is entitled to the extra $20,000 and the share in the farm? Introduction of the case Choy owned a rural farm in NSW with his second wife Maggie. His son Billy work for Choy on his farm for one year, He is now struggling with whether he can get the extra $20,000 and part of share of the farm which his father Choy has promised earlier to give him additionally after he finished one year work inRead MoreThe Contractual Scenarios On The Content1468 Words à |à 6 Pagesthe new coffee beans? (Time of Intention ) 2. Is there a promissory estoppel? Analysis Issue 1: A simple contract includes three elements: agreement, intention to create legal relation and consideration. As an agreement involves an offer and an acceptance, to determine is there an offer will be priority to this issue. An offer clearly states the terms which the offeror is prepared to be bounded by the contract . This must be communicated to the offeree. Refer to Carlill v Carbolic Smoke Ball Co Read MoreElements Of A Contract?1200 Words à |à 5 PagesElements of a contract 1. Offer 2. Acceptance (Initiation of contract) 3. Consideration 4. Intention 5. Legal object 6. Legal capacity 7. Consent 8. Formalities Question 1 (a) What is the difference between an offer and an invitation to treat? Invitation to treat : A legal expression whereby one of the parties wishes to invite the other(s) for an offer. Such party does not have the intention of being legally bound just yet but merely wishes to discuss the offer and its groundsRead MoreOffer and Acceptance1530 Words à |à 7 PagesBusiness Law: Offer and Acceptance. For a simple contract to be valid one party must make an offer and the other party accept it. ÃâAn offer is made where a person (the offerer) unequivocally expresses to another (the offeree) his willingness to make a binding agreement on the terms specified by him if they are accepted by the offeree (Card 2002). This offer could be made to a specific person, in which case it cannot be accepted by anyone other than that individual. On the other hand it couldRead MoreProcurement And Contracting : Critical Thinking Colorado State University Global Campus952 Words à |à 4 Pagesoffer and acceptance; consideration of a down payment; proving its capability to perform work; and confirmation of legal purpose (Berson, 2015). There are a number of legal instruments that help to implement contracts and procurement procedures. On the one hand, there is a retailer named John who needs to obtain supplies for sale, not necessarily from Care One Medical Services because there are other businesses that sell medical supplies to retailers. In an effort to improve business, Care OneRead MoreExplain the Different Types of Business Agreement and the Importance of the Key Elements Required for the Formation of a Valid Contrac1791 Words à |à 8 PagesIntroduction 1a. Different Types of Business Agreements A business agreement is a formally drawn written document or oral promise between two or more parties that details a particular business venture. A typical business agreement specifies details such as cost of goods sold, the product or service required, milestones, insurance, and work completion deadlines. Unilateral Agreement A unilateral agreement or contract is a legal binding one in which one party undertakes a promise without securing
Wednesday, December 11, 2019
Horse Slaughter Humane Society of the United States
Question: Discuss about the Horse Slaughter for Humane Society of the United States? Answer: The Horse slaughter is an activity of slaughtering horses for producing meat for the purpose of human consumption. In most of the countries, after slaughtering, the horses are processed in the industrial abattoirs like cattle. There are a number of procedures by which horses are slaughtered, but their slaughtering should be in humane procedures. In the United States, the government has been provided legislations about slaughtering. Horsemeat is good for human because it is leaner, but it should be addressed that, is these horses are provided medication or not. Therefore, it can be predicted that rendering American horsemeat is toxic. The pro-slaughter group attempt to make people believe that they carry out horse slaughter with the humane ending, but it is horrible to explain through which phases the horses goes through. There are three different ways by which horses are slaughtered. In one process, horses are loaded into three boxes, and a bolt is aimed at the horses head. Sometimes , the aim is missed, and it makes the horse panic, and again they are aimed until it becomes unconscious. In other ways, they are shot with a .22 Rifle at their head. Sometimes the horse remains conscious, as they have a thick skull. In Mexico, knifes make the horse paralyzed, and they remain alive when they are strung through one leg for processing. However, none of these three options are humane. Rather there is evidence that illegal migrants and criminals work in slaughterhouses. Therefore, only old, sick or injured horses should go to slaughtering (YouTube 2016). Taylor and Sieverkropp (2013) discussed the impact of United States horse slaughter plant closing on the Western Regional Horse market. In this study, the price collision from the U.S. horse slaughter plant closure in 2007 upon the live horses at Montana auction. The study estimated by the hedonic model with the use of a quantile waning exposed that price decrease of 12 to 16% of the horses, which are priced below or at $1500 to the end of U.S. horse slaughter. While looking the facts of horse slaughtering deeply, the truth is that meat is not only unnecessary and inhumane, but it is also harmful for the human consumption. The horse slaughter in U.S. or other plants cannot be in the humane process due to the industrial nature unique biology of horses. In this context, the article highlighted that the federal government of U.S. do not have a system for tracking the lifetime medical histories of horses and thus the reputation of U.S. meat industry is at risk (Humanesociety.org 2015). Reference List Humanesociety.org, 2015. The Facts About Horse Slaughter : The Humane Society of the United States. [online] Available at: https://www.humanesociety.org/issues/horse_slaughter/facts/facts_horse_slaughter.html?referrer=https://www.google.co.in/ [Accessed 2 Feb. 2016]. Taylor, M. and Sieverkropp, E., 2013. The Impacts of U.S. Horse Slaughter Plant Closures on a Western Regional Horse Market. Journal of Agricultural and Resource Economics, [online] 38(1), pp.48-63. Available at: https://ageconsearch.umn.edu/bitstream/148245/2/JARE,Apr2013,%2304,pp48-63,Taylor.pdf [Accessed 2 Feb. 2016]. YouTube, 2016. Horse Slaughter :The Truth:. [online] Available at: https://www.youtube.com/watch?v=sYJCoaHrHvw [Accessed 2 Feb. 2016].
Wednesday, December 4, 2019
Leadership Legacy
Table of Contents Abstract Introduction Leadership Approaches Desirable Leadership Qualities Types of Leadership Conclusion Reference List Abstract Leadership is an important skill and trait that allows individuals to guide others towards specific goals and aspirations in a given setting. For a long time, leadership has been viewed as a complex issue, which no one can easily claim absolute prowess.Advertising We will write a custom essay sample on Leadership Legacy specifically for you for only $16.05 $11/page Learn More The ability of leadership to attain results is dependent on many factors such the followers, the environment, resources, and activities that go towards the achievement of the goals that the leadership is established to attain. Despite the uncertainties of leadership, an elaborate literature has been dedicated to the activities or qualities that make leadership successful and effective. For instance, Your Leadership Legacy by Galford and Maruca and Leadership by DuBrin are two important books that propose various approaches that are advanced towards guiding leadership roles towards better outcomes for the setting where it is applied. This paper discusses the concept of leadership by drawing a comparison from the above two books. The goal is to show how the topics in the book Leadership are reflected in Galford and Marucaââ¬â¢s work. Introduction Leadership is defined as the act or ability to lead others towards a specific goal. Leadership is practiced in many situations, both formal and informal. However, it is guided by the desire to achieve specific goals that have been agreed upon by the individuals, a group, or organizations. However, of the settings where leadership is practiced, organizational leadership has received more research and mentioning in the existing research. Organizations provide an important platform where leadership accountability can easily be measured against well-established goals and respective deliverables. However, one might want to know what makes leadership good or successful. While the ability to achieve the specific goals that have been set forth is a good way and a popular method of assessing the effectiveness of leadership, the effectiveness of leadership can only be measured in terms of whether one or more of the specific goals have been achieved or not. This paper focuses on the books Your Leadership Legacy by Galford and Maruca and Leadership by DuBrin. The aim is to show how the latter bookââ¬â¢s contents appear in the former. Leadership Approaches In their book Your Leadership Legacy, Galford and Maruca present important approaches that leaders can use to plan for the success or legacy of their leadership. In other words, the effectiveness or success of leadership should not be a matter of evaluation after the completion of a given project, program, or a setting where the leadership is applied.Advertising Looking for essay on business econo mics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Rather, it should be a systematic process of planning beforehand for the success of the leadership, even before the beginning of the application of the leadership approaches by the given leadership. According to Galford and Maruca (2006), leadership approaches and outcomes should be foreseeable. They should be well designed from the start to ensure prosperous leadership. Similarly, the other book Leadership by DuBrin offers important characteristics and qualities of a leader that are vital for successful leadership. The book defines governance as the capacity to instigate and provide for others towards the accomplishment of administrative objectives. The ability of leadership to put a lasting impression and impact on an organization is viewed as an important aspect of determining successful leadership. In the process of creating a lasting impact or ââ¬Ëleadership ââ¬Ëlegacyââ¬â¢, Galfo rd and Maruca (2006) establish important qualities and characteristics of leadership that leaders must adopt in their leadership practice. The qualities and approaches that allow a leader to be successful and/or leave a legacy lead one towards an in-depth analysis of various leadership qualities and practices that separate successful leaders from the rest. Accordingly, leadership is a systematic process that should involve active planning and execution of plans that will ensure that the leader not only helps the organization to achieve its specified goals but also the ability to ensure lasting changes and improvements or impacts that will positively affect the organization even long after the leadership has been changed. While the book by DuBrin (2015) does not discuss leadership through the leadership legacy approach, it offers important qualities and characteristics that should be evident in an effective leader and hence indirectly concurring with the approaches that have been put forward to guide leaders towards the leadership legacy as Galford and Maruca (2006) establish. Successful leadership understands the importance of leadership role in the achievement or letdown of the organization. In this case, it is imperative to understand that headship is vital from the beginning for the attainment of the immediate and lasting objectives of an organization. In chapter one of Leadership by DuBrin (2015), the book discusses the important role that leadership plays in an organization, especially in guiding and inspiring others to achieve their respective goals and deliverables to ensure the overall achievement of the organizational goals. According to DuBrin (2015), the importance of leadership can only be understood by firstly appreciating its nature. In this case, headship is summed up as a collective obligation, partnership, or affiliation between a leader and the supporters. Further, DuBrin (2015) makes important comparisons between leadership and management.Ad vertising We will write a custom essay sample on Leadership Legacy specifically for you for only $16.05 $11/page Learn More As a mutual obligation and collaboration, headship is not a one manââ¬â¢s show. It requires the input of all members of a given organization or setting where the leadership is applied (DuBrin, 2015). As such, a leader does not micromanage people. Instead, he or she supports and inspires them towards believing in their abilities and consequently working actively towards achieving the goals for the benefit of the organization and themselves. Effective leadership recognizes the importance of the qualities that the other members of the organization bring on the table. It provides them with an active and open platform where they can make important contributions to the overall success of the organization (DuBrin, 2015). By recognizing leadership as a shared and collaborative role, the leader allows members who have expertise in specif ic areas of the groupââ¬â¢s activities to rise and guide the team towards the achievement of the deliverables that are expected for the specific task. Such shared responsibilities allow a team or an organization to recognize and use them to its advantage based on the various qualifications and strengths that are found within each member of the group, hence giving the members a role that ensures that they feel that the organizationââ¬â¢s leadership values their input. The second most important component of a leader is the relationship. DuBrin (2015) views leadership as a relationship-building process. In other words, governance does not occur in an empty space. In this case, it is important for leadership to enhance and build the relationship, which will lead to its validation. Good leadership recognizes how ââ¬Ëpeopleââ¬â¢ are essential resources in any organization. Consequently, they work actively towards making good working relationships that will support the leader a nd the organization towards achieving the expected outcomes. When the followers feel discontented or disconnected from the leadership, they are likely to have low motivation or have opposing views on the goals of the organization and hence leading to their failure. Therefore, successful leadership is built upon close and strong working relationships with the people who are important to the success of the organization.à Echoing the same sentiments, Your Leadership Legacy by Galford and Maruca (2006) offers important insights into what makes a successful leader who can leave a legacy. Effective and successful leadership goes beyond the ability to achieve an organizationââ¬â¢s goals and deliverables, but also the ability to influence the individual positively. The ââ¬Ëindividualââ¬â¢ in this case refers to the people who are being led by the leader in a given setting or organization. Therefore, the leadership legacy or leadership effectiveness can be achieved through the peo ple (Galford Maruca, 2006).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More An effective leader not only understands the importance of adhering to the vision and mission of an organization, but also ensures a highly motivated labor force, which believes and shares the vision and mission of the organization. Without people, a leader can never make a heritage. Hence, leadership is strongly tied to the followership in the given setting.à This description of leadership compares well with DuBrinââ¬â¢s (2015) definition of leadership as a relationship. Galford and Maruca (2006) give an analogy of the photo mosaic to explain leadership. Accordingly, leadership is viewed through the collectivity of all members in an organization, just as a photo mosaic is only possible by bringing individual segments of the photos together to form a whole picture that is relevant and understandable. The photo mosaic analogy can be viewed as indicating leadership as a shared responsibility and collaboration as DuBrin (2015) puts it. Desirable Leadership Qualities Leaders must p ossess various qualities that make them capable of leading others towards the success of a given activity or towards the achievement of a legacy. While the qualities of a leader may vary from one individual to another, a combination of some or all of them makes individuals stand out from the rest as good leaders. In Chapter 4 of Leadership by DuBrin (2015), the author views these qualities as behaviors, attitudes, and styles that leaders adopt or naturally uphold. Such elements are important in ensuring the success of the leadership.à Firstly, DuBrin (2015) regards the initiation of a workable leadership structure as the most important plan that leaders should have to ensure the best outcomes for the team that they lead. In terms of contemplation, the leader must understand the importance of a good working atmosphere where responsive sustenance, cordiality, affability, and conviction prevail. When the followers feel that their emotional needs are addressed, they are likely to be m ore effective and motivated to work (DuBrin, 2015). In addition, a leader who creates a warm, friendly, and trustful environment promotes a good working relationship with employees while ensuring that they are highly motivated to perform to their best for the benefit of the organization and consequently the success of the leadership. The second most desirable quality of a leader is initiating a leadership structure (DuBrin, 2015). A leader has the ability to organize the team with well-cut goals and expectations that will guide the group towards a successful completion of the expected goals. In this case, the leader ensures and supports relationships by organizing clear-cut goals and specific tasks for each member or team in the organization. Further, the boss establishes clear procedures and schedules, expectations, and realistic goals that ensure that each group achieves its expectations. The leader is also at the forefront in establishing unambiguous roles for each individual. Be sides, he or she has to define how such roles relate to the other group membersââ¬â¢ agenda while at the same time demonstrating their relevance to the overall organization or project. Without a working structure, a group is likely to have troubles such as poor communication and ultimately the failure to complete what is expected of it.à In the above paragraphs, it is evident that DuBrin (2015) has put forward important qualities that are desirable for a leader. These qualities are also reflected in Galford and Marucaââ¬â¢s (2006) work on Your Leadership Legacy. For instance, the quality of consideration is well handled in the ââ¬ËWhat King of Impacts are You Having?â⬠segment where Galford and Maruca (2006) discuss important actions that determine whether the leadership practices are generating positive or negative impacts on employees and consequently the overall organization. Further, the book considers the ability of the leader to connect with the employees as an important part of the process of legacy leadership where the interaction goes beyond the confines of the criteria of interaction that is dictated by the organization. In other words, a good leadership allows people to achieve high levels of satisfaction, a feeling of being in the right place, and motivation to work with the organization. Galford and Marucaââ¬â¢s (2006) book discusses the importance of creating a good working environment where employees will be more willing and inclined towards delivering their best in their respective roles. In the section ââ¬Å"What Role Are You Playing?â⬠, Galford and Marucaââ¬â¢s (2006) delve into both intentional and unintentional impacts of leadership on the behavior of the followers. In terms of the intentional impact, the leader is in control of his or her actions. The actions have a direct impact on how the followers react and/or act in their respective roles. One of the most important intentional impacts of leadership is the ab ility to create a good working structure where the skills of individuals are matched with the requirements of a given project or program in the organization. This process kicks on at the inauguration of an individualââ¬â¢s entry into an organization where the skills and responsibilities that are deemed essential for the role at hand are matched with the qualifications, knowledge, abilities, and skills of a potential employee. The most qualified contender is hired. Further, during the execution of various projects, the leader also plays an important role in matching the skills and responsibilities of individuals with the requirements of the project at hand. The importance of the process of matching responsibilities and roles with the skills and qualities of the individual is to ensure that each individual is performing at his or her best. This working strategy ensures that employeesââ¬â¢ skills and impact are valued. Types of Leadership DuBrin (2015) recognizes leadership as ha ving different qualities and leading approaches, which are all aimed at delivering the best outcomes for the organization. Although the leadership approaches aim at achieving the best outcomes for the organization, they vary significantly in terms of how the practice of leadership is undertaken. For instance, DuBrin (2015) recognizes contingency and situational leadership as an important type and approach to leadership. This leadership strategy is highly dependent on the specific situations where the leadership practice is applied. In other words, it is difficult for the leadership to make important decisions without a consideration of the prevailing conditions in a given setting. However, such leadership is criticized for being responsive, rather than proactive. The leadership decisions are often made very close to activities and outcomes, which give followers a short duration of reacting or effecting the desired changes to drive the project towards the final goals and outcomes. By understanding the prevailing conditions and situations, the leader is in a better position to make important decisions that will guide the project or program towards the desired goals and outcomes (Moynihan, Pandey, Wright, 2012). However, such leadership approach requires close interaction with employees and the program to ensure that the leader is aware of the nitty-gritty details of the project. At times, these minor elements can make the leader feel as if he or she is very intrusive on the followers who may not take it well since they may feel as if they lack their independence. However, the secret for the successful application of the contingency and situational leadership lies in its ability to promote good working relations where respect and open communication prevail. Employees will feel free to communicate and get feedback from their leader. This move will also provide the leader with the important information that is needed for decision-making as the project continues. T he second leadership style or type is the charismatic and transformational leadership. According to DuBrin (2015), charismatic and transformational leadership focuses on creating a highly conducive working environment where the followers are inspired to perform to their level best on their volition. Such leadership is based on good working relationships between the leader and the followers and/or between the followers themselves. The leader is at the forefront in creating good working relationships where each individual or stakeholder who contributes to the success of the program understands his or her role in the organization (Birasnav, Rangnekar, Dalpati, 2011). He or she actively works towards the success of the given role and in overall, the success of the organization. Such leadership is based on the goal of achieving high motivation levels of followers, as well as matching the goals of the organization or project with the individual goals of motivation and satisfaction in the workplace. Based on this approach, the leadership focuses on encouraging followers towards a level of interaction where their activities in the organization will lead to self-gratification and satisfaction. The ability to achieve such an interaction between the organizationââ¬â¢s goals and the individual aims of satisfaction and purpose for the employees allows followers to get inspiration from the leadership and to work towards the successful completion of the tasks, not just for the success of the organization, but also for the employees or follower satisfaction. On the other hand, Galford and Maruca (2006) discuss their approaches to leadership using different approaches that are centered on building a legacy leadership. In the book, chapter three discusses the role and importance of natural traits and roles of a leader. These traits and roles can be viewed as focusing on the types of leadership that DuBrin (2015) discusses in his book. The natural roles and traits of a leade r are important since they are a clear indication that leadership is not for everyone and that some people are better positioned to lead in relation to others. Above all, the most important trait in leaders is the ability to create and maintain good working relationships with mutual respect, which can be viewed as the charisma that is put forward in Galford and Marucaââ¬â¢s writing. However, the most important and most influential determinant of leadership legacy is the ability to inspire and increase employee motivation in the workplace (Birasnav et al., 2011). Such inspiration via incentives will be closely tied to their satisfaction at the workplace. Such leadership is focused on improving employeesââ¬â¢ outlook concerning their tasks and life while at the same time ensuring that they have the right motivation and skills to effectively deliver on their respective roles in the organization. By tying job satisfaction to job delivery, a leader stands a chance to create a lasti ng impact on employees, especially at a time when many organizations are complaining about the lack of interest and the increasing disengagement of employees. These two elements are indicators of low motivation and discontent of the roles and the responsibilities of the employees and the actual roles that they undertake. Such leadership can be viewed as charismatic or transformational. It goes beyond the boundaries of the organization. Consequently, it ensures that the leader is an inspiration and a positive influence on the followers at all levels.à DuBrin (2015) discusses what he refers to as entrepreneurial leadership as an important leadership style and trait that a good leadership should uphold. In this case, it is worth noting that leadership is about creating value for the organization and the stakeholders. This goal is achieved through the profits that an organization makes out of its business, thanks to the dedicated human resources. By thinking as an entrepreneur, the le ader can devise ways of eliminating or reducing any unnecessary costs while at the same time maximizing profits through many activities such as venturing into new markets, increasing customer satisfaction, or through new ventures that provide new income streams. On the other hand, Galford and Maruca (2006) cover this quality or approach to leadership in the segment ââ¬ËThe Creative Builderââ¬â¢. Accordingly, legacy leadership is based on the ability of the leader to be creative in terms of coming up with activities and roles that will ensure that an organization remains not only relevant but also able to gain a competitive advantage over its competitors. Further, these activities and roles are important in ensuring that an organization achieves high returns and recommendable levels of employee motivation and satisfaction, which will certify that the leader has achieved impressive impacts that will last for long while contributing to the creation of legacy. Conclusion Although the two texts approach leadership from different angles, it is evident that the contents of their approaches to leadership discuss the same methods and concepts that relate to effective leadership. Leadership legacy is about the ability of a leader to leave a lasting positive impression on individuals. The impression should last beyond the leaderââ¬â¢s tenure. Such headship emphasizes the desire to create important relationships and good working relations between the prime candidate and the supporters. It focuses on ensuring that employees are not only able to deliver on their roles but also get satisfaction out of their activities. The concept of legacy leadership as put forward by Galford and Maruca (2006) adds value to the leadership field. It presents important qualities and activities that go towards the creation of legacy leadership. Such qualities compare with DuBrinââ¬â¢s (2015) leadership concepts. For instance, successful leadership is viewed as the ability to lead t he organization towards the successful completion of the roles at hand while safeguarding the working environment where followers are satisfied and motivated to work for the betterment of the organization. In this case, leadership is not a trial-and-error practice, but a discipline that requires systematic planning and actions that will drive the organization forward while at the same time ensuring that employees feel that they not only have a purpose but also obtain satisfaction from their roles. Further, the two books discuss the styles of leaderships that include charismatic and transformational leadership, contingency and situational leadership, and entrepreneurial leadership as DuBrin (2015) confirms. Leadership is a highly researched discipline. Despite the enormity of the research, it narrows down to the ability to influence followers towards positive outcomes not only on the respective roles that are laid forward by the organization, but also on the general life where issues such as satisfaction, motivation, and a close feeling of purpose prevail. If a leader can achieve the above leadership goals, he or she can be considered a good leader who is on the right path towards the creation of a legacy. Reference List Birasnav, M., Rangnekar, S., Dalpati, A. (2011). Transformational leadership and human capital benefits: The role of knowledge management. Leadership Organization Development Journal, 32(2), 106-126. DuBrin, A. (2015). Leadership: Research Findings, Practice and Skills. Boston, MA: Cengage Learning. Galford, R., Maruca, R. (2006). Yoir Leadership Legacy: Why Looking Toward The Future Will Make You A Better Leader Today. Boston, MA: Harvard Business School of Publishing. Moynihan, D. P., Pandey, S. K., Wright, B. E. (2012). Setting the table: How transformational leadership fosters performance information use. Journal of Public Administration Research and Theory, 22(1), 143-164. This essay on Leadership Legacy was written and submitted by user Kimberly Whitley to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
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