Question set 5 Assignment Example | Topics and Well Written Essays - 1500 words

Question set 5 - Assignment Example Contrast the expectations of transactional and transformational leaders. The four different factors associated with Bass’s theory of transformational leadership are individual consideration, intellectual stimulation, inspiration, and idealized influence. Individual consideration places an emphasis on what the group member needs, intellectual stimulation ensures that the leader seeks ideas from the group and encourages them to contribute, inspiration gives meaning to the task at hand, and idealized influence refers to the leader becoming a full-fledged role model. An example of a leader who exhibits all of these factors, and not just one or two of them was found in Steve Jobs, who worked to ensure that he and his employees transformed the business world. Transactional leaders, or managerial leaders focus instead on the role of supervision, organization, and group leadership, in which the leader works to promote compliance in their followers based on a reward/punishment system. 2. Team Leadership. Describe the role of leadership within teams. What are the primary reasons that teams fail? What can ensure team success? Give a personal example of team success. A team must always have a leader, and as such, there are certain characteristics that comprise the role of leadership within a team. The leader must keep the team to a specific purpose, they must have the knowledge to judge and act prudently, they must accept their authority over the team, use that power to make decisions, and at the same time recognize that those decisions affect all members of the team, and as such should only be used to further the shared purpose of the team itself, and finally, the leader must be trustworthy; the team must know, understand, and recognize that the decisions the leader makes are for the common goal. Teams may fail because they lack shared values, shared objectives, shared activities, a poor leader, or lack the ability to accurately gauge their progress. In order to en sure team success, the team must have a strong leader, all work must be divided equally, all members must be held accountable for their share of the work, and progress must be made in a timely fashion. One personal example of team success would be working with several other students to start and complete a group assignment for school and have it submitted before the due date. 3. Negative Leadership. This week there were two case studies: Mayor Rudolph Giuliani, Knight of the British Empire and Chuck MacKinnon. In reviewing the two cases, address the following questions: a. Mayor Rudolph Giuliani, Knight of the British Empire: What are the elements that lead to Giuliani’s miraculous transformation? What lessons could corporations with negative public reputations learn from this case? b. Chuck MacKinnon: Where might MacKinnon have gone wrong? What did he do well and what were his most significant mistakes? Was his management style to blame? What could be done to fix things now? What lessons can you take away from this case to become a better leader? The main elements that lead to former New York City Mayor Rudolph Giuliani’s transformation from a person who was not well liked or well respected into a true leader were not the decreased crime rate that he worked to bring about, nor the implementation of budget discipline, but were through the practical

Discussion Assignment Example | Topics and Well Written Essays - 250 words - 80

Discussion - Assignment Example The problem with municipal bonds are predictable as they pay twice in a year, and a sale of the bonds virtually guarantees the present market price for the bond, which may be less or more than the first release price, obviously without the additional penalties. However; they carry comparatively low interest rate relative to the other types of securities. High yield low quality bonds are very risky on the long haul compared to the higher quality bonds. Their vulnerability to economic and credit risk is obvious, as they are unrated from agencies such as Standard & Poor’s or Moody. In securities investment, it is always advisable to diversify one’s investment in different classes and categories of investment, and pooling of resources in one investment bag can be counterproductive especially in high risk bonds such as the lower quality bonds. Instead of investing in five of the 15-year corporate bonds; he should have appropriated in different bond classes. Investing in different bonds ensures that a fall in price as a result of low high interest in one class of bond is compensated with a high price as a result of low interest in another class of