Essay on Article Review Soft vs Hard Management - 740 Words

This article was in the Harvard Business Review December of 2001. Is â€Å"hard† management the way to go or is the other way around is â€Å"soft† management the best way to manage? In the article Peace is arguing that soft managers are better managers than hard managers. Peace describes a hard manager as a person who is self-confident, arrogant, and thick skinned. While he describes a soft manager one that listens to criticism and takes time to notice employees opinions. If one has ever worked they have probably experienced hard and soft managers. In the article Peace describes two stories that illustrates the positive aspects to soft management. In the first story he tells of when he was a manager at Synthetic Fuels Division of Westinghouse. The†¦show more content†¦This was a very brave act that Pearce had done. Most hard managers would not have taken the time to let the employees know that they are respected. Most hard managers would have had their â€Å"puppets† break the bad news to the unlucky 15. Peace being the soft manager that he is showed compassion towards them, which also showed the remaining employees his compassion towards them. In the second story Peace was working as the vice president of Westinghouse Steam Turbine Division. In this story the focus is on Peace’s boss the president of the company, Gene. When Gene became the president of the company it was under a depression state in that it wasn’t making much of a profit at all. The workers were in a very brutal union that threatened those who even dared to cross picket lines. Gene understood the kind of people that he would be dealing with in trying to communicate the goals of the company to the entire work force. Instead of having the president of the union tell the work force about the companies goals, Gene decided he would do it a division at a time himself. When he done so he received much criticism while giving these presentations. Peace did not understand why Gene would do this to himself, but after a few weeks as Gene walked about the floor he received nods of gratitude. Gene had made a gesture of friendship to the workforce by doing i t himself. This is another form of soft management andShow MoreRelatedWhat Makes A Successful Nurse Leader?1624 Words   |  7 Pagesare leaders already without even knowing it. With the proper preparation and guidance, all nurses have the potential to be great leaders and managers. Manager vs. leader The terms manager and leader are often used interchangeably, but in reality they possess very different qualities. It can be said that leaders need to have some management skills, but managers do not need to possess leadership qualities. Some qualities they do have in common include the ability to work with groups of people and theRead MoreSuccession Planning Essay1438 Words   |  6 Pageseach individual or department. Managers conduct initial performance planning discussing with employees and provide direction through coaching sections. After the performance planning discussion, employee’s drafts performance plan for the manager’s review. This planning discussion is followed up by the employee finalizing his or her draft with his or her manager. Overall, managers/supervisors at each level develop specific goals that support department or team goals which in turn support the corporateRead MoreA Study on the Mental Setup of the Working People in Managing Conflict Thr ough Soft Skills with Special Reference to Gender2477 Words   |  10 PagesA Study on the Mental Setup of the Working People in Managing Conflict through Soft Skills with special reference to Gender Senthil K. Nathan Dr. Sw. Rajamanoharane Department of Management Studies J.J. College of Engineering and Technology Tiruchirappalli 620 001, Tamil Nadu, India senknat@yahoo.com, swrksr@gmail.com Abstract The term Conflict is an inseparable one in everybody’s life. Conflict is defined as a struggle or contest between people with opposing needs, ideas, beliefs, values,Read MoreThe Law of Line Extension1854 Words   |  8 PagesCompanies are forced to take into consideration all of the risks involved when creating a new line extension. If a new product proves to be a massive failure, the reputation of the company name may be ruined. Meaning that if this same company works hard to create a perfect product, in the future, consumers may not be willing to try it based on the company’s previous downfall. (Anzalone, 2013). Each new line extension needs to have a strategic plan for distribution and sales. 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The products can be very simple (a new fork in the Ikea assortment) to extremely complex (let’s think about a new airplane for Airbus), their development still requires a multidisciplinary approach, implies a lotRead MoreDefining Negotiation : Influencing Encompasses Persuading And Negotiating1864 Words   |  8 Pagesseveral ways to look at this: †¢ Short term vs. long term – in a negotiation there is a risk of sacrificing long term gains by settling for short term results. It depends however on the stakes. If the stakes are small then success can be defined in terms of short term gains. However for substantial negotiations (example- the NHS Junior Doctors contract), pressure to produce results in the short term can be counter-productive over the long term. †¢ Win/lose vs. win/win – Negotiation is frequently viewedRead MoreCoca Cola Micro Macro Factors4499 Words   |  18 Pages1 Overview of marketing management According to Philip Kotler (2000): Marketing management has the task of influencing the level, timing, and compositions of demand in a way that will help the organisation achieve its objectives. Marketing management is essentially demand management. The art and science of choosing target markets and getting, keeping and growing customers through creating, delivering, and communicating superior customer value. Marketing management is essential to an organisationRead MoreThe Fortune at the Bottom of Pyramid4702 Words   |  19 Pages regardless of whether they are an established multi-national corporation or a start-up trying to build a brand from scratch. While literature detailing the benefits of social enterprises is widespread, little attention is paid to the personnel management and organization building of small- and mediumsized enterprises trying to operate in these markets. After a ten-month field placement with two sales-focused Acumen Fund investees in India and Pakistan, Heidi Krauel and Joel Montgomery (2009 AcumenRead MoreStrategic Management at the Walt Disney Company4260 Words   |  18 Pages Eisner was well known for his micromanagement and top down approach to management (Gunther, 1999), which served the company well during the 1990s when he could focus on single brands. The production of animated feature films which are successful at the box office can generate revenue for all Disney’s business divisions from theme parks to theatre to consumer products (Gunther amp; Hajim, 2006). However Eisner’s management approach seemed to be ineffective for the digital age in which companies

Slavery And Its Impact On Slavery - 2055 Words

Introduction: To determine whether or not slavery helped or hindered the confederacy there needs to be an overview on the change, continuity, cause, consequence, significance and perspective of slavery. Slavery originated from the southern states and was slowly progressing towards the Free states. Slavery lasted from 1625- 1865, that’s close to a quarter of a century. Although slavery officially ended in 1865, there were many long term effects that resulted between the whites and blacks. There was segregation, and hatred between the two social classes which resulted in different perspectives and views. There were many consequences that resulted from slavery especially towards the whites. As years later progressed there was hatred towards the whites and whites hating on their own race for the mistakes that they’ve caused. In reality there were many different perspectives towards slavery in different states. Some states were happy without slavery and other states had a de mand towards slave states. Overall slavery was something that changed and shaped America. It caused both good and bad things to form but it was an investment for whites to be slaveholders, especially down south and they were trying to make it any way possible to create more states slave states. That’s what leads to the question: Did slavery help or hinder the Confederacy? This question will be focusing on the slave states, confederacy and the Civil war in particular to help analyze and answerShow MoreRelatedSlavery And Its Impact On Slavery1890 Words   |  8 Pagessociety that is affected by its history slavery is a topic that nearly everyone has been educated on. Some individuals my know the details of what occurred during the 1800s in which slavery took place and others may just have a general knowledge as to what to occurred but no matter what an individual may know or how much an individual has been educated on slavery there is no doubt that slavery in occurred. The eve nts that took place during the time of slavery were brutal, vicious, cruel, and most ofRead MoreSlavery And Its Impact On America1353 Words   |  6 Pages Slavery in America had a tight hold over the southern half. It was primarily located in the southern portion and African American slaves were held on large plantations and out in the fields. Some were even leased into the industrializing factories. Ever since slavery in America started, slaves were considered property. Every black person was a white persons â€Å"property†. Now American had a belief, a belief that every man were entitled to God-given rights. 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Even the proponents of slavery, then, knew that slavery is unethical and amoral, and viewed slavery as a necessary evil, for the South had no other means of creating capital; however, slavery continues because many proponents of slavery have been so overcome wi th avariceRead MoreSlavery And Its Impact On The United States986 Words   |  4 PagesSlavery dates back to as early as 1760 BC. It is defined as the condition of a slave; in bondage. A slave is a person who is the property of and wholly subject to another; a bond servant. It fiendishly raised its repugnant head amongst many cultures and nations around the world. Many people viewed slavery as immoral and some viewed it as a necessary evil. However evil, it may have been, it did have a tremendous impact on shaping the United States, particularly the South. 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Most African American still feels like they are being lied to about their past ancestor and culture, which make them feels very confused about the question of their real heritage. One of the impact the slavery had on the African American was that it brought a lot of sadness to the individual and sometimes that person ends up hating his or her self, not

Corporate Law for Profiles - Factors and Impacts - myassignmenthelp

Question: Discuss about theCorporate Law for Profiles, Factors and Impacts. Answer: The Australian Insolvency Law legalizes the situation of companies in financial anguish and is not capable to pay off the obligations. The law related to insolvency are administered by the Corporation Act 2001. As per the Australian law, insolvency is used in position to the companies and economic failure (Milman, 2017). The law attempt to look for stability in linking the competing interest of debtors and creditors when they are unable to fulfil their financial obligation. The legislative aim is to provide a fair procedure to handle the insolvency cases, to ensure pari passu equivalent allotment amongst the creditors and to make sure a rightly claim against the insolvent company (Finch, 2002). The company directors have a duty under the Corporations Act 2001(Cth) to protect a company against debts. In case of reasonable possibilities, when a company is not capable to pay out the debts. A liquidator can precede an action against the director in case of non-fulfilment of duty. The amount of an insolvent trading claim which a liquidator is unable to claim is taken from a companys director. The Australian Securities Investments Commission (ASIC) has published the early signs of insolvency that might occur due to Ongoing losses, Poor cash flow, nonexistence of a company arrangement, an Incomplete financial assets, Increasing debt, troubles selling stock, Unrecoverable loans, Problems in gathering finance, an incapability to lift up funds from shareholders, unsettled taxes, disputes and an Increased level of complaints (Luck, 2016). The breach of law by directors enabled a Liquidator to recuperate property from a director. In case if a director is removed for contravening right s or for misusing business property, he would be contravene of their duty of good faith and may announce the contract as voidable (Quinlan, 2015). These attempts found to recuperate the property from the director. An individual found of breaching his duties can affect the director. The breach in the duty to use logical care and diligence is found liable for compensation if the company undergo loss as a consequence of the breach. The director will be held personally liable for such an act that questions his position in the company. This put him under civil as well as criminal liabilities. The Corporations Act codifies duties into sections 180 to 183 of the statute in case of violation. The statute is effective in case of breach by the director (Swab Attorney, 2009). SECT 588G of the Corporation Act 2001 provides with Director's duty to stop insolvent trading by company. As per the act the director of an insolvent company is in person legally responsible for the insolvent trading if he was the director at the time when company incurred debts, secondly if the company was insolvent at the time when debt incurred, Thirdly, if there are plenty of evidences to believe that the company is insolvent and lastly if a rational person at the position of the director is aware about the insolvency. A director found under the reach is subject to civil penalty by ASIC. As a director, the important areas to manage the personal liability include: Acting as a guarantor over personal assets; Debts acquired when the company turned insolvent and incur loss caused by a breach of directors duties, unlawful phoenix activity (CORPORATIONS ACT 2001 - SECT 588G, 2017). The liquidator has a responsibility to examine the company's officers in order to settle on whether there is any legal responsibility for no matter what has been done in previous to the company undergoing liquidation. When the directors is found guilty of insolvent trading or misfeasance, they give the foundation for monetary claim against them (Gupta, 2017). The liquidator employs this to enlarge the possessions obtainable for sharing them to the creditors. Liquidation is a process through which the assets are collected by the liquidator and the profits are discharged all applicable debts and liabilities. The remaining cost and expenses on winding up when distributed among the members as per the respective interest. An organization is wounded either through the voluntary process or by the order given by the court. There are 3 different types of winding up process: members voluntary winding up, creditors winding up and a compulsory winding up as per the direction of the court. The me mbers decision regarding the winding up is a voluntary process that involves opinion of each and every individual in the organization. The direction has to file a declaration stating the status of the company. Compulsory winding up depend upon the discretion of the court. The court might give order regarding the wind up of the organization. It is a mandatory situation where an individual apply to the court for permanent winding up of the company. Number of people has a locus standi to carry out the process of liquidation. The corporation act provides with several duties to codify the degree of diligence regarding the concept. It is the duty of the director to act in good faith for gaining organizational goal (CORPORATIONS ACT 2001 - SECT 182 Use of position--civil obligations, 2017.). A person using information in an improper way is penalized under civil and criminal liabilities. He cannot use his position for self interest or detrimental to the company. The director of the company is personally liable for insolvent trading. An individual contravening duties mentioned in sec 180-183 of the corporation act is personally liable and is subject to civil penalty order up to AUD 2, 00,000. The civil penalties are tremendously high and director might be asked to pay the compensation for the loss suffered. Moreover the officers of the company are liable for the criminal liabilities if in case there is a recklessness and dishonesty in exercising power. In most of the cases compulsory liquidation that will usually begin by individual creditors. The liquidator has an obligation to investigate company officers and to decide the liability related the companys solvency status (CORPORATIONS ACT 2001 - SECT 180 Care and diligence--civil obligation only.2017). The liquidator might use to enlarge the assets that are obtainable for the distribution. Section 184 of the Corporations Act obliges penalties connecting criminal offences against the breach of duties by a director. In a ddition, in the occasion of insolvency, or there is a risk of insolvency, the duties of an individual extend to the diverse stakeholders, like the companys creditors and employees. In this respect Section 588G stop insolvent trading by a company (CORPORATIONS ACT 2001 - SECT 184 .2017). ASIC's quarterly insolvency statistics in the last quarter of the 2016/17 has shown an increase of 28% in companies entering external administration. The total number of Appointments totalled 2,198 in contrast to 1,717 in the previous quarter. It was 3.7% lower than the 2016 June quarter. The total percentage of companies entering EXAD for the quarter in consideration with the new company is below 4 %( Insolvency Statistics, 2017). Personal and corporate solvencies are administered under the different legislation. When a company becomes insolvent it is placed in one of the forms of external administration where the directors leave the company control to a liquidator who conducts the company affairs. At present there are three main forms of external administration available to the companies. Voluntary Administration is a process that began by appointment of an administrator to a company who conducts the affair of the company (Innes, 2016). Debts acquired when the company turned insolvent and incur loss caused by a breach of directors duties, unlawful activity Suring this process the administrator ascertain the financial difficulties and recommend the creditor about the winding up process. The company needs not to be insolvent in order to enter into VA. The process is initiated when it is stated in the board resolution that the company is insolvent or likely to become insolvent in future. Receivership is institut ed by secured creditors by appointing a receiver to enforce security (Doyle and Keay, 2016). The right to appoint a receiver is to permit the secured creditors to exercise their rights. An appointment of an external administrator to some or all of the company is due to some common triggers. This type of liquidation is carried after the order of the court. It is carried out by discharging the liabilities and dividing any surplus assets to the members (Wellard and Mason, 2015). A company with a realistic prospect survives the financial difficulties. In such a situation a company wishes to enter into a non-liquidation agreement. VA and performance of a company agreement are required to be synchronized under Part 5.3 A of the Corporation Act 2001. The overall reason is to give company an opportunity to be managed in a way where there are chances of maximizing the chances of existence of the company or if not possible for the company to survive, at least gives better return to the creditors and the members of the company. The hopeful result of the VA procedure is the implementation of a DOCA. If the DOCA is performed it will generate one more administration, ruled by the conditions of the DOCA. It is administered under the Part 5.3A. These two are in fact separate administrations. The aim of DOCA is to create better results for the organization in order to manage the results. The company can use the opportunities in a better way till it is been liquidated. The y get an opportunity to do trade and to pursue the desired outcome till the time final order is not received (Buchan et al 2015). Few advantages of a DOCA is that an officer is not considered as an officers, creditors will no longer be pressurized for payment on the company, insolvent trading maintain beside the directors cannot be commence; the organization is based to bring forward tax profit as presumption next to any prospective earnings; lastly, the company can renew its company throughout the DOCA period (Chapple and Routledge, 2015). To conclude, the law related to insolvency is administered by the Corporation Act 2001. The essay includes the law relating to insolvency in Australia and showcases the liabilities of the directors. Insolvency in an organization brings director under scrutiny and effect the company. The company as per the act is wound up by the three process: either by the court order, by creditors or by the members of the company this describes the scope of the act and provide with the wider approach to deal with the situation in case of insolvency. The law attempt to gather stability by linking the competing interest of debtors and creditors. The corporation Act 2001 provides liabilities of the director. The legislative intention is to offer a fair procedure to handle the insolvency cases. It is mandatory from the point of view of equivalent allotment amongst the creditors in order to make surety regarding the right claim made to the party. The essay compiles all the important obligations need to b e followed in order to manage the provisions mentioned in the act regarding it. References Buchan, J., Frazer, L., Zhen Qu, C. and Nicholls, R., 2015. Franchisor Insolvency in Australia: Profiles, Factors, and Impacts.Journal of Marketing Channels,22(4), pp.311-332. Chapple, L. and Routledge, J., 2015. External administration in corporate insolvency and reorganisation: The insider alternative.Insolvency Law Journal,23, pp.69-80. CORPORATIONS ACT 2001 - SECT 180 Care and diligence--civil obligation only.2017. Online. Available at: https://www.austlii.edu.au/cgi-bin/viewdoc/au/legis/cth/consol_act/ca2001172/s180.html Accessed on: 20 September 2017 CORPORATIONS ACT 2001 - SECT 182 Use of position--civil obligations,2017. Online. Available at: https://www.austlii.edu.au/cgi-bin/viewdoc/au/legis/cth/consol_act/ca2001172/s182.html Accessed on: 20 September 2017 CORPORATIONS ACT 2001 - SECT 184 Good faith, use of position and use of information--criminal offences. 2017. Online. Available at: https://www6.austlii.edu.au/cgi-bin/viewdoc/au/legis/cth/consol_act/ca2001172/s184.html Accessed on: 20 September 2017 CORPORATIONS ACT 2001 - SECT 588G, 2017. Online. Available at: https://www.austlii.edu.au/cgi-bin/viewdoc/au/legis/cth/consol_act/ca2001172/s588g.html Accessed on: 20 September 2017 Doyle, L.G. and Keay, A., 2016.Insolvency Legislation. Jordans.. Finch, V., 2002.Corporate insolvency law: perspectives and principles. Cambridge University Press. Gupta, N.2017. Insolvency laws in Australia. Online. Available at: https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook45p/InsolvencyLaws Accessed on: 20 September 2017 Innes, K., 2016. Australian insolvency law: Cases and materials [Book Review].Ethos: Official Publication of the Law Society of the Australian Capital Territory, (240), p.61. Insolvency Statistics,2017.Online, Available at: https://asic.gov.au/regulatory-resources/find-a-document/statistics/insolvency-statistics/ Accessed on: 20 September 2017 Luck, K., 2016. Australia's insolvency law overhaul.The Australian Corporate Lawyer,26(1), pp.24-26. Milman, D., 2017.Personal insolvency law, regulation and policy. Routledge. Quinlan,M.2015. Formal Reorganisation in Australia. Online. Available at: https://www.allens.com.au/pubs/pdf/insol/pap15mar05.pdf Accessed on: 20 September 2017 Swab Attorney, 2009. Australia: An Introduction To Insolvency Law - Part One. Online. Available at: https://www.mondaq.com/australia/x/79816/Insolvency+Bankruptcy/An+Introduction+To+Insolvency+Law+Part+One Accessed on: 20 September 2017 Wellard, M.N. and Mason, R.F., 2015. Global rules on conflict-of-laws matters in international insolvency law cases: An Australian perspective.Insolvency Law Journal,23(1), pp.5-30.