Rlk Media - 2583 Words

RLK Media Philip M. May 13, 2013 Executive Summary 1985, Ray Kelner had launched RLK Media in a converted muffler repair shop in Waltham, ten miles west of Boston. The labs radical speaker designs quickly attracted affluent audiophiles, who would pony up $20,000 for a pair of RLKs custom-made towers. Taking the helm in 1998 as CEO Lars Inman led the acquisition of Opticon LCD Labs, positioning RLK to compete at the high end of the emerging home theater market but hed underestimated the ability of the Japanese consumer electronics giants to lure away RLKs core customers with their increasingly high-quality, competitively priced products. Unable to compete in the fast-growing, high-volume home theater business, RLK,†¦show more content†¦To do this, he has to change the metrics by which performance is measured, rewarding people not for the innovativeness of the ideas they find or develop but for the success of those ideas in the marketplace (2005, p. 22). Lars must mitigate the undesirable effects by positively reinforcing d esired behavior and explore what types of behavior are currently being rewarded and ensure employees care about doing their job and producing products that are beneficial to the organization. â€Å"For an organization to act upon its members, the formal reward system should positively reinforce desired behavior, not constitute an obstacle to be overcome† (Kerr, 1995, p.13). Nohria, 2005 points out that the biggest potential obstacle to this essential change may be Ray, who has long resisted outside involvement in his RD operation. Hes not going to take well to a flood of external ideas competing with his own. Probably Larss best bet is to appeal to Rays devotion to the company and try to convince him that RLKs survival depends on radical change. (p.22) â€Å"Strategic dreams often turn into nightmares if companies start engaging in expensive and distracting restructurings. It’s far more effective to choose a design that works reasonably well, then develop a strategic system to tune the structure to the strategy† (Kaplan, R., Norton, D. 2006) I think all strategies are disruptive in some way. Some are less disruptiveShow MoreRelatedVideo Headset With Directional Sound Technology Essay983 Words   |  4 PagesA. Executive Summary: Lars Inman, CEO of RLK Media, needs to make a decision on how to develop the iVid. This video headset with di rectional sound technology has the potential to revolutionize the consumer electronics industry. Although recently RLK Media has been struggling against the competition and has seen their margins evaporate. With the company’s declining performance the board of directors has threatened to find a replacement CEO, making Lars’ decision all the more critical. He is being

Essay on Nationalism in German Music During the Early...

Nationalism in German Music During the Early Romantic Period Until the nineteenth century, music was generally regarded as an international language. Folk music had always been in place and linked directly with particular regions. On a larger scale though, European music was a device for expression through the application of Italian techniques and styles. In other words, its technical vocabulary was Italian, and from the time of the early baroque, European music, in general, had evolved its styles and technical devices from the developments of Italian composers. Furthermore, court opera was nearly always performed in Italian, whether in Dresden or in London, no matter who composed it or where it was performed. For example,†¦show more content†¦Sonatas written a few years later are designated for the Hammerklavier and not for the pianoforte, Italian for piano. Such subtle changes in traditional composition direction foreshadowed ever-increasing tendencies toward German nationalistic ideas in music. As Henry Raynor puts it, the N apoleonic invasions which turned Beethoven from a simple revolutionary into a patriotic Austrian revolutionary seem to have made him feel that his own language was a perfectly satisfactory way of telling pianists how he wanted his music played. These early feelings of nationalism, if not just for Beethoven, stemmed from the years of unity under the auspices of Napoleons Empire, which gave a considerable portion of central Europe reason to realize their collective similarities. This large area shared a common language and historical legacy. Traditions were similar as were aspirations. Indeed, †¦the complex that was to become the German Empire presented a more or less homogeneous state, united by language and culture but forced by political organization into political disunity†¦ Nonetheless, the idea of German unity had surfaced years earlier, long before the revolutionary borders of Central Europe were rationalized by Napoleon and before Beethovens use of German voc abulary for instruction in his music. The prominent German Enlightenment thinkers Johann Gottfried Herder and Johann Gottlieb Fichte had espoused thatShow MoreRelatedRomanticism in Music1653 Words   |  7 Pagesplace from the nineteenth to the early twentieth century. Drastic changes in the arts took place over the course of this time period. During this movement, much emphasis was placed on emotion and imagination in the arts. Prior to the Romantic Period, music had been seen more as recreation and njoyment than as an integral part of culture. The term Romanticism was first used in England and Germany in reference to a form of literature. It soon after spread to music and the visual arts. RomanticismRead MoreLiterary Romanticism Essay608 Words   |  3 Pagesapproach, freedom of thought and expression, and an idealization of nature. The term romantic first appeared in 18th-century English and originally meant romancelike#8212;that is, resembling the fanciful character of medieval romances. Romanticism was merely a product of bygone ages as are all works of literature. Heinrich Heine is an example of a German romantic poet. He is best renowned for his early lyrical poems and ballads, which are acclaimed for the variety and depth of moods andRead MoreEarly and Mid 19th Century Thought Essay654 Words   |  3 PagesEarly and Mid 19th Century Thought Throughout history, there have been many isms that had come and gone. Many things have come out of these so-called isms. Romanticism began in the closing decades of the eighteenth century. It practically dominated European cultural life in most of the first half of the nineteenth century. Poets such as Shelley, Wordsworth, Keats, and Byron were all exponents of romanticism. This was expressed in many different ways such as Writing, art and musicRead MoreRomantic Style Composers: Franz Schubert Essay1162 Words   |  5 Pagesprominent composers in the Romantic era. He was the first composer to live off only the money he got from composing. He wrote many compositions during his short lifetime, especially art songs (â€Å"OnMusic†). (3) In the Romantic era the compositions were very expressive and inventive. The Romantic composers experimented with already existing forms, and dramatic expressiveness. This grew out of the improvement of instruments and the newly invented genres (Britannica). The limits in music composing were pushedRead MoreRomanticism in Music Essay1614 Words   |  7 PagesRomanticism in Music Romantic: of, characterized by, or suggestive of an idealised, sentimental, or fantastic view of reality#8230; concerned more with feeling and emotion than with form and aesthetic qualities. The Concise Oxford Dictionary, Eighth edition, 1991. The term romantic first appeared at sometime during the latter half of the 18th Century, meaning in quite literal English, romance-like, usually referring to the character of mythical medieval romances. The first significantRead MoreRomantic Music Period621 Words   |  2 PagesDid music ever reach a point to where all restraints seemed cast off and composers had the opportunity to express musical freedom? Similar to the emotional and intense paintings done through this time, the music during the Romantic Period also expressed heightened passion and paralleled the trends in art. It lasted from circa 1825- 1900. Looking at the musicians during this time, the purpose of the music, and the things that characterized Romantic music, one will see how things changed from the previousRead MoreEssays on Vehicular Pollution3733 Words   |  15 PagesHemisphere, and in its musical form has triumphed around the globe, so that from London to Boston to Mexico City to Tokyo to Vladivostok to Oslo , the most popular orchestral music in the world is that of the romantic era. After almost a century of being attacked by the academic and professional world of Western formal concert music, the style has reasserted itself as neoromanticism in the concert halls. When John Williams created the sound of the future in Star Wars, it was the sound of 19th-centuryRead MoreEssays on Vehicular Pollution3726 Words   |  15 PagesHemisphere, and in its musical form has triumphed around the globe, so that from London to Boston to Mexico City to Tokyo to Vladivostok to Oslo, the most popular orchestral music in the world is that of the romantic era. After almost a century of being attacked by the academic and professional world of Western formal concert music, the style has reasserted itself as neoromanticism in the concert halls. When John Williams created the sound of the future in Star Wars, it was the sound of 19th-centuryRead MoreMusic History Through the Middle Ages, Rennisance, Baroque, Etc...2017 Words   |  9 PagesMusic has evolved too many different forms that we recognize today. We trace this development throughout time. Beginning in the middle ages, we have seen advancement from the Gregorian chant all the way to the Jazz of the 20th century. The current events, politics, religion, technology and composers can shape musical eras during time. Here I will look at the middle ages, renaissance, baroque, classical, romantic and twentieth century periods. I hope that a better understanding can be reachedRead More Music History thru the Middle Ages, Rennisance, Baroque, etc...1983 Words   |  8 Pages Music has evolved too many different forms that we recognize today. We trace this development throughout time. Beginning in the middle ages, we have seen advancement from the Gregorian chant all the way to the Jazz of the 20th century. The current events, politics, religion, technology and composers can shape musical eras during time. Here I will look at the middle ages, renaissance, baroque, classical, romantic and twentieth century periods. I hope that a better understanding can be reached to

Leadership Styles Followed By The Director â€Myassignmenthelp.Com

Question: Discuss About The Leadership Styles Being Followed By The Director? Answer: Introduction In the present business scenario, leadership roles hold an important part in the contemporary business organizations. Contemporary business organizations have to maintain various diversified aspects to drive their competitiveness in the present business state of affairs. One of these key aspects is effective leadership (Northouse 2015). In the contemporary business organizations, leadership roles help in motivating the employees in increase their productivity and competitiveness. Moreover, it is the responsibility of the leaders to equip the employees in facing the business challenges and made them aware about the organizational vision and objectives (Chen and Yang 2012). Apart from this role of human resource management, the responsibilities of the leaders also involve organizing the various aspects of the organizations and driving the organizations in to profitable venture and to stay ahead in the competition (Armstrong and Taylor 2014). Leadership roles constitute of various types of styles which are being applicable based on the situation and the organizational cultures. Vision Autowork Pte Ltd is being situated in Singapore. It is one of the leading and renowned car servicing centers in Singapore. It is being operating for last 2 years in Singapore. This organization is known for their effective customer service being provided and their positive organizational culture. They mainly service and repair the accident vehicle (Jahanshani et al. 2014). The director of this organization is known for his effective leadership styles which are proved to be beneficial in maintaining the effective working environment in the organization. The workshop is small consisting of 15 employees. However, the leadership of their director is driving the organization to being a renowned one in Singapore. This report will discuss about the leadership styles being followed by the director of Vision Autowork Pte Ltd. In addition, various theories related to the leadership will be used for critical discussion of the leadership styles. The critical analysis will involve the traits and behaviors of the leader along with his style of managing the employees. A short interview will be taken to identify various aspects of the director of Vision Autowork Pte Ltd. Accordingly; a reflective opinion will be presented regarding the ideal leadership style. Effectiveness of leadership style in Vision Autowork Pte Ltd The leadership style being followed in Vision Autowork Pte Ltd is more of transformational style of leadership. It is due to the reason that, it is been observed that the role of the director or leader in this organization is the key motivating factor for the employees (Lazaroiu 2015). The observation is being continued for two months. In these two months, various organizational practices related to the leadership roles are being noted. The director has a unique visionary characteristic which is being effectively communicated to the employees. In addition, the employees also feel more engaged in their workplace due to the implementation of effective working environment in the organization. The director maintains the involvement of the all the employees in every aspects of the business. One of the key features for transformational leadership is maintaining the level of motivation for the employees in order to enhance the productivity of the organization (Lazaroiu 2015). In the case of Vision Autowork Pte Ltd, various employee welfare schemes are being initiated by the director in order to motivate the employees in their workplace. It is also been seen that a special effort being given in determining the work life balance of the employees (Wiese 2015). This further helps the employees in having favorable motivation and satisfaction with their respective job roles. In the process of decision making in the organization, it is been observed that all the employees are being involved in the process by the director (Mone and London 2014). Moreover, the opinions from the employees are being gathered by him in order to implement an effective decision. Thus, majority of the employees are being satisfied with the decisions being taken by the director. It is also been seen that the director has the ability to maintain the stability in the organization in case of any challenges or issues. He has the ability to drive his employees through the organizational challenges by leading from the front. Moreover, the director is much optimistic and positive which also influence the employees in maintaining the effective working envi ronment in the organization (Korzynski 2013). In this case, it is been observed that, the leadership style being followed by the director is also have the characteristic similar with the laissez-faire style of leadership. According to this style of leadership, the leaders delegate the decision making process to the employees (Chaudhry and Javed 2012). It enables the employees in having the freedom in taking decisions. Thus, the engagement with the employees is more in this style of leadership. In the case of Vision Autowork Pte Ltd, the director delegates roles such as providing customer feedback and management to the employees. It enabled the employees in taking decision accounting to the situation. The job responsibilities of the employees are being well organized and specifically defined. As he do not follow the authoritarian style of leadership, the use of power or dictation is not required in the organization (Schuh, Zhang and Tian 2013). The vision of the leader is being well communicated among the employees and the job de signs are being initiated accordingly. Thus, employees are well aware about the job to be accomplished. Situational leadership theory is also applicable for this organization. It is due to the reason that the director in this organization is always adjusting the organizational culture and practices accordingly to the market requirement (McCleskey 2014). According to the situational theory being given by Kenneth Blanchard and Paul Hersey, it is the style of leadership which tends to change with the change in the situation. It helps to enhance the flexibility of the organizations. In the case of Vision Autowork Pte Ltd, the director follows the situational style of leadership. It enables him in driving his organization according to the external environment of business. Hence, the organization remains updated to stay ahead in the competition. Analysis of the interview The questionnaire is being created according to the observation being made in two months in the organization. The leadership roles in the organization are being closely observed which gave rise to various questions which are being stated in the interview process with the CEO of the organization. The director of the Vision Autowork Pte Ltd is being interviewed about his leadership styles and its effectiveness on the organizational practices. He is asked about his opinion about the effective style of leadership. According to him, there is nothing like most effective style of leadership (Sethuraman and Suresh 2014). Leadership styles can be only be termed as effective if they can fulfill the aspirations of the all the stakeholders in the organizations (Fassin 2012). He also stated that the leadership roles should be flexible enough in order to cope up with changing business environment. Thus, from his opinion it can be stated that situational leadership theory is most applicable with hi s approach. According to this concept, the leadership roles are being changed according to the change in the business environment. It helps the organizations to be updated and stay ahead in the competition. The director is also being asked to state about the reason behind the favorable performance of the employees in his organization. According to him, the employees are being provided safe and secured working environment which helps the employees in enhancing their productivity. In addition, the employee involvement is being given much consideration in the organization (Andries and Czarnitzki 2014). According to him, the more involvement of the employees in the organizational activities and in the decision making process helps them to get adhere with the activities being allocated to them. Thus, it helps them to have the clear idea about the job responsibilities to be accomplished by them. He is asked about the key characteristics of an effective leader. In addition, he is being asked how an ideal leader should act. According to him, an effective leader should have the visionary capabilities about his organization. He should foresee the future trend in the market and accordingly should act (Taylor, Cornelius and Colvin 2014). An ideal leader should have the capabilities to motivate all the stakeholders associated with the organization. Moreover, according to him, an effective leader is not only supervising his subordinates but also create examples to follow. Engaging the employees in the workplace should also be seen by the leaders. Thus, from his reply, it can be concluded that transformational style leadership are being considered by him as an effective style of leadership (Garcia-Morales, Jimenez-Barrionuevo and Gutierrez-Gutierrez 2012). This is due to the reason that, the criteria that he has stated for being an effective leader is mostly matches with the transfor mational style of leadership. Being analyzed his response, it can be concluded that he is the staunch follower of transformational leadership style. His response is more of employee oriented than the task oriented. Thus, employee oriented style of leadership can be also be applied with his response. According to this type of leadership, leaders are more concentrated with the welfare of the employees than the accomplishment of the task. It helps in maintaining the satisfaction level of the employees which further helps in enhancing their productivity (Abraham 2012). Another question being asked to him is about the measures that have been implemented in his organization in order to motivate his employees. According to him, employees are being effectively engaged in the organizational practices in order to increase their level of involvement in the organization. Moreover, employees are being involved in the decision making process, which further helps to enhance the level of importance of the employees in the organization (Pettigrew 2014). According to him, the more involved will be the employees in their workplace, the more comfortable they will be in accomplishing their job responsibilities. Thus, the motivation level of the employees will be increased. In addition, various welfare policies regarding the retirement and injuries of the employees are being implemented in the organization in order to safeguard their interest in their workplace (Waller and Moten 2012). It helps the organization in creating a positive image of the management in the m ind of the employees. They feel more involved in the organization. He also stated that, other options such as incentives, rewards and appraisals are being promoted in the organization in order to maintain and enhance the motivational level of the employees. The appraisals are being given to the employees once in a year (Daoanis 2012). Rewards are being awarded to the best performers. This enables the employees to have the motivation to work more effectively in their workplace. Thus, eventually it helps the employees to increase their productivity. He also stated that, the increase in the level of the motivation is further helping his organization to maintain the positive retention rate (Terera and Ngirande 2014). It proves as competitive advantage to them and also reducing the cost involved in recruitment and selecting new employees. Training is also being given accordingly in order to equip and motivate the employees. The next question being asked to the director is about the measures being used by him in order to empower the employees in facing the organizational challenges. He told that, new employees are being given proper training and skill development schemes in order to increase their level of expertise in the organization. Existing employees are also being given training periodically in order to empower them in coping up with the changing market scenario (Jehanzeb and Bashir 2013). For instance, he told that few months ago, employees are being given the training regarding a new machine being purchased in the organization for automatic cleaning process of the cars. Thus, due to the training process, employees are now equipped to use the machine effectively. The next question being asked to the director is about his opinion regarding the situational style of leadership. According to him, situational style of leadership is not a specific style to be followed. He stated that, every leadership styles can be changed based on the situation (McCleskey 2014). According to him, leadership styles should be changed or modified according to the change in the industry and market. Without changing, no style of leadership will be able to survive. Giving his own examples, he stated that he change his style of leadership based on the situation. In few cases, he applied the style of authoritarian leadership to dictate the employees in the time of any hardships (Schuh, Zhang and Tian 2013). It helped him to convey his requirement more clearly to the employees. Moreover, in many cases, transformational leadership is being followed by him to motivate the employees and maintain the effective working environment. Another question being asked to him is regarding his approach towards the employees and the customers. According to him, employee should be more preferred than the customers. He told that if the employees can be effectively taken care of, then automatically the customer service will be effective provided by the employees. He also told that he believe in delegation of the task among the employees. Thus, the employee oriented approach of him is being noted. According to him, delegation of the task helps in engaging the employees in their workplace along with generating more ideas from them. According to him, leadership roles can act as the competitive advantage for the organization if properly implemented. He stated that, if the motivational ne engagement level of the employees can be maintained by the leadership and the working environment can be maintained, then it will prove as competitive advantage by having motivated employees along with generating off new and innovative ideas fro m them. Regarding customer satisfaction, he told that it is the most important factor for the survival of an organization. The more will be the customer satisfaction, the more will be the revenue being generated from the market. Thus, he tries to keep the motivational level of the employees high to enable them to provide effective customer service. Thus, from the interview process of the director, it can be concluded that he is not applying the transformational style of leadership in his organization, rather than he is implementing the situational leadership based on the situation. However, it is being noted that, task oriented style of leadership is being neglected to a large extent (Donate and de Pablo 2015). According to this style of leadership, accomplishment of the task is given most importance than other. In few cases, it is important to have this style of leadership due to the reason that it will help in effective accomplishment of the job. Employee oriented leadership is as important for the organization, however over implementation of this theory will further reduce the productivity of the employees (Choudhary, Akhtar and Zaheer 2013). This is due to the reason that the employees will not feel the pressure or zeal to perform in their workplace. Hence, it is an important gap being identified in the leadership style of this organization. Moreover, the leadership style being followed by him is a mixed of various leadership theories. It is previously being observed that, only the transformational style of leadership is being followed in the organization, however, the response from the director conveyed that a mixed style is being followed. Another difference identified between the responses of the director and the observation is regarding the involvement of the employees in the decision making process (Chaudhry and Javed 2012). It is being observed that the employees are being involved in determining the decision making process. However, the response from the director is portraying that the opinions of the employees are being gathered and accordingly the decision are being taken. Thus, the approach in both the cases is different. Self reflection about the leadership styles Having critically analyzed the leadership role in Vision Autowork Pte Ltd, I believe that there are still many areas are present for improvement. One of the key areas for improvement is the implementation of the task oriented leadership style. I as a leader will implement the task oriented leadership style in order to improve the rate of accomplishment of task in the organization. Moreover, it is being found that transformational leadership is asking for welfare of all the stakeholders in the organization. Thus, all stakeholders include customers also. However, in this organization, it is been seen that customers are being less preferred compared to the employees in implementing the decision making process. I will prefer more of the customer aspect in my leadership style due to the reason that if the customer are being effectively served, then only the organization will grow in the market. Moreover the path goal theory can be applied in this organization in order to further enhance the motivational level of the employees. Following of path goal theory will help to design the job responsibilities of the employees according to the situation being faced by the organization. I being a leader will train my employees to provide effective customer service. In addition, the employee benefit and welfare will also be considered. According to me, an effective leader should consider the interest of all the stakeholders along with achieving the organizational goals and objectives. It is also being identified from the above sections that, there is no particular style of leadership being followed in this organization. Rather than it is mixing up the several strategies or styles in designing their leadership roles. However, according to me, a particular style of leadership should be followed in the organization. I believe that it will help to drive the organizational culture and pract ices in a single direction. Thus, employees will be more comfortable and have clear idea about the organizational role of leadership. I being a leader will first select a particular style of leadership based on the situation in the organization. Afterwards, I will modify it according to the requirement in the market. According to me, it will be more beneficial to the organization. According to me, this organization can be termed as a small organization with having only 15 employees. Thu, it does not having any strict and diversified hierarchy level. Thus, it will not take a long time in reaching out to the director position. Effective implementation of the leadership styles according to the situation in the organization will only take maximum 1 year to reach to the desired position. In this 1 year, it should be shown that the leadership style being followed by me is more effective than the existing leadership roles. Recommendations A fixed style of leadership should be followed rather than mixing up the various strategies. Customers should be considered as a key stakeholder. The interest of customers should be considered during the decision making process. Other than the human resource management, leadership role should also covers other business aspects such as marketing effectively in order to increase the organizational profits. Leadership in this organization should have the knowledge about the effectiveness of various leadership styles being followed in other organizations. It will help them in modifying their strategies in more effective manner. Majority of the transformational leadership style are being accepted by this organization. However, it should be noted that this style of leadership is also having few drawbacks. Thus, it should be considered before implementing the leadership styles. Having implemented any styles of leadership, communication process should be well initiated in the organization. It will help in gathering the feedback from the employees and customers. On the other hand, the vision of the director will be well communicated to the employees. Conclusion Having analyzed the various aspects of leadership in the organizations, it can be concluded that every styles of leadership are having their own merits and demerits. Thus, it is important for the organizations to effectively determine the utility of the leadership styles comparing with their business situation before initiating for the change. Vision Autowork Pte Ltd is being considered here in this report in order to evaluate the effectiveness of their leadership roles. It is been seen that, they are following mostly the features of transformational and situational styles of leadership. However, the styles of leadership of them are being variable and it changes with the change in the external environment. Employees in this organization are being considered as the most important stakeholders and accordingly, majority of the leadership roles in the organization is concentrated towards their welfare. Due to this reason, the working environment in this organization is much effective tha n others. Moreover, the employees are well motivated and engaged in their workplace. However, it is also be stated in this report that, considering only the employee benefits and welfare in the leadership roles will cause negative implications in the organization. Accordingly, a reflective writing is being produced in this report to present the areas of improvement in this organization. In addition, several recommendations are being given here in this report. Following these recommendations will further enhance the productivity of the organization. Reference Abraham, S., 2012. Job Satisfaction as an Antecedent to Employee Engagement. SIES Journal of Management, 8(2). Andries, P. and Czarnitzki, D., 2014. Small firm innovation performance and employee involvement. Small Business Economics, 43(1), pp.21-38. Armstrong, M. and Taylor, S., 2014. Armstrong's handbook of human resource management practice. Kogan Page Publishers. Chaudhry, A.Q. and Javed, H., 2012. Impact of transactional and laissez faire leadership style on motivation. International Journal of Business and Social Science, 3(7). Chen, C.Y. and Yang, C.F., 2012. The impact of spiritual leadership on organizational citizenship behavior: A multi-sample analysis. Journal of Business Ethics, 105(1), pp.107-114. Choudhary, A.I., Akhtar, S.A. and Zaheer, A., 2013. Impact of transformational and servant leadership on organizational performance: A comparative analysis. Journal of Business Ethics, 116(2), pp.433-440. Daoanis, L.E., 2012. Performance Appraisal System: Its Implication to Employee Performance. International Journal of Economics and Management Sciences, 2(3), pp.55-62. Donate, M.J. and de Pablo, J.D.S., 2015. The role of knowledge-oriented leadership in knowledge management practices and innovation. Journal of Business Research, 68(2), pp.360-370. Fassin, Y., 2012. Stakeholder management, reciprocity and stakeholder responsibility. Journal of Business Ethics, 109(1), pp.83-96. Garca-Morales, V.J., Jimnez-Barrionuevo, M.M. and Gutirrez-Gutirrez, L., 2012. Transformational leadership influence on organizational performance through organizational learning and innovation. Journal of business research, 65(7), pp.1040-1050. Jahanshani, A.A., Hajizadeh, G.M.A., Mirdhamadi, S.A., Nawaser, K. and Khaksar, S.M.S., 2014. Study the effects of customer service and product quality on customer satisfaction and loyalty. Jehanzeb, K. and Bashir, N.A., 2013. Training and development program and its benefits to employee and organization: A conceptual study. European Journal of business and management, 5(2). Korzynski, P., 2013. EMPLOYEE MOTIVATION IN NEW WORKING ENVIRONMENT. International journal of academic research, 5(5). Lazaroiu, G., 2015. Employee Motivation and Job Performance. Linguistic and Philosophical Investigations, 14, p.97. Taylor, C., J. Cornelius, C. and Colvin, K., 2014. Visionary leadership and its relationship to organizational effectiveness. Leadership Organization Development Journal, 35(6), pp.566-583. McCleskey, J.A., 2014. Situational, transformational, and transactional leadership and leadership development. Journal of Business Studies Quarterly, 5(4), p.117. Mone, E.M. and London, M., 2014. Employee engagement through effective performance management: A practical guide for managers. Routledge. Northouse, P.G., 2015. Leadership: Theory and practice. Sage publications. Pettigrew, A.M., 2014. The politics of organizational decision-making. Routledge. Schuh, S.C., Zhang, X.A. and Tian, P., 2013. For the good or the bad? Interactive effects of transformational leadership with moral and authoritarian leadership behaviors. Journal of Business Ethics, 116(3), pp.629-640. Sethuraman, K. and Suresh, J., 2014. Effective leadership styles. International Business Research, 7(9), p.165. Terera, S.R. and Ngirande, H., 2014. The impact of rewards on job satisfaction and employee retention. Mediterranean Journal of Social Sciences, 5(1), p.481.

Westpac Institutional Banks for Westpac Place - myassignmenthelp

Question: Discuss about theWestpac Institutional Banks for Westpac Place. Answer: Introduction Westpacs Institutional Bank is an Australian bank as well as the financial services providers, which has headquarters in Westpac place in Sydney. It is one of the Australia big four financial institution. Its name is a portmanteau of the western pacific. As at of November of 2015 the organization had 13.1 million clients and it is the Australia biggest branch network, having 1429 branches and a network of over 3800 ATMS (Avkiran, 2000). It is Australian second largest bank in term of the assets and it is the second largest bank in the New Zealand. On 29 January 2015 the Bank south pacific they announced that there had entered into an agreement to acquire the Westpacs banking operations in Samoa, Solomon Island as well as Tongs for 125 million Australian dollars. Westpac institutional Bank offers corporate finance services to the corporations, government customers and institutions in both Australia and New Zealand. They offer services such as mergers and acquisitions, debt and the equ ity structuring, strategic advice as well as valuations to organizations (Avkiran, 2000). Moreover, they also provide security brokerage and underwriting services that focusses on a fixed interest and debt security, interest derivatives, and the foreign exchange as well as the trading commodities with major emphasis on products such as base metals and the crude oil. The WIB is majorly based in Auckland, in New Zealand but they have additional offices in London, Sydney, Australia. This research will focus on the Westpac credit process chain that determines on the speed to market new deals and the opportunities (Conway and Franulovich, 2002). The purpose is identifying and research why the steps from origination, credit processing via execution have been too slow with the critical breakdown to this process of credit and the on-boarding stage. Moreover, the research will discuss on the process as well as their effective control to make the operation to be a success. Focus of study Process management and operations The operations management in the Westpac institutional bank include the control of the costs, enhancing the level of service as well as improving on the quality of the service, which are offered to the clients (Conway and Franulovich, 2002). The credit process in this institutional have been slow from the origination by the front, credit processing up to the execution. The operations management will focus on the practices that are designed to monitor as well as manage on the processes within the distribution of the services. The creation process and the service development has been slow in this institution. The organization need to analyse on their internal processes (Sager, 1988). This organization has been undergoing some changing especially in the acquisition on some their branches with a merger from the Bank south pacific. These changes have impacted on some of their processes and they are trying to adopt to the new management and operation of the business. Process or control of the operation of the organization The credit processing in the bank is slow because of the core banking process that are complicated and cumbersome. Moreover, the core banking system are some of the oldest banking technology (Schaad, Lotz and Sohr, 2006). The core banking system which are used in the Australia are regarded as prehistoric in the technological age. There are issues of the maintenance costs as well as the manual workarounds they consumes a lot of precious resources that could be invested to be able to further the digital channels improvement or other use in this banking institution (Schaad, Lotz and Sohr, 2006). There have been other issues of the flat file mainframe database as well as the overnight batch processing have impeded on the real time transaction processing as well as the data updates which the consumers could demand. The financial institution also want to provide services, lower on the processing costs, manage on the financial assets and compete. The core systems makes the bank process to s low and become vulnerable to the new competitors, new business models and their operational. Figure 1: process-flow map of that operation Research Questions What control process will Westpac institutional bank embark on to effectively operate successfully? What has made the credit process chain to be slow for the Westpac bank? What mechanism will Westpac institutional bank put in place to prevent the critical break down in their credit process and the on boarding stage? What is the extent of the adequacy of the credit management for efficient and sustainable credit delivery? Project Related Literature Summary Operation and Process Management On the process design issues payback for having a good process is very significant. The Westpac institution bank has devoted time and effort in the design process, assessing the performance for the alternative design in regards to efficiency, quality, and the overall time they put (Schaad, Lotz and Sohr, 2006). On the aspect of the quality being able to achieve the benefits of the cost for the slick process, design without the compromise for the quality will give the organization a significant competitive advantage. Sometimes, it can be difficult to separate on the design for the process from the various design of the services, which they provide. The credit process is designed with the constraints as well as capabilities of drive through the process in mind. There is need to adapt on their design marginally to be able to facilitate on their operation (Teten and Farmer, 2010). The processes should be designed in order to be appropriate to the market they are services. It is important to note that the various market strategies could require different process of the design (Cohen, Gan, Yong and Chong, 2007). A good starting point for any of the operation would be to understand on the direct relationship that exists between the strategic and the process for the performance objectives. Understanding on the current processes in this organization would help make improvement especially in the credit processes based on the reality of what happens in practice. It will be about allocating on the tasks as well as the associated capacity very carefully to the appropriate parts for the process to work (Togher, Dunne and Hartheimer, Ebs Dealing Resources, 2000). For most of the processes, It will involve the design which is capable of taking into the consideration with the variability that exists to most of the human tasks. Planned Research Methodology In this research study, will be conducted in the consultation with the staff in the credit operations at the head office of the Westpac bank using the survey design with structured self-administered questionnaires. Research Design To be able to achieve on the objective of the study, the research will undertake a descriptive approach using both qualitative and quantitative data. In doing so the study will intend on describing, comparing, contrasting as well as interpreting on the existing facts and be able to puts the status in relation to different variables that could help us in understanding the issues and lead to the causal analysis (Lynch, McNair, Polito, D'urbano, Riseman and Kaiser, American Home Credit, 2005). The research further would employ survey as a research method. The secondary data would be obtained from the various publication of the banks and other financial institutions. Moreover, the relevant data will be grasped from the numerous books, research papers, magazines, the newsletters and the website of this organization (Pauly, 1987). The primary data will be collected via the questionnaires that will be distributed to the respondents which will involves the department managers and the senior officers working on the credit processing of the organization, these group are such as the credit analysts, credit follow up, monitoring officers, and the credit directors. Ethical Considerations The ethical consideration I will look at are confidentiality and privacy disclaimers for internal sources. The ethical issues especially in the financial institution affect everyone especially on the privacy aspect (Beck and Davis, 2005). It will be important to determine the information that is collected and how it would be used. Sometime we may not be aware of what data is being collected about us or perhaps how it would be used. When carrying the research it would be important to keep private the information of the bank secure to prevent it being passed to the third parties. The information, which will be given in the questionnaire, will be for the purpose of the research only and should be secure to fall in the hands of the competitors firms. Schedule for Completion Tasks Details of the approach Days Introduction The 7 days Focus of study components The research would be done on various analysis on the design and the core theories, which link on process performance. 14 days Formulation of research questions The drafting on the research questions based on the research problem. 10 days Projected literature review The review will use descriptive approach 21 days Planned research methodology The research design will be done to formulate the best technique to use. 5 days Data collection and analysis The data will be collected from the various departmental head and staff of the organization 10 days Outcome to evaluate on the Recommendations will be provided on how to improve the credit processing. 3 days References Avkiran, N.K., 2000. Rising productivity of Australian trading banks under deregulation 19861995. Journal of Economics and Finance, 24(2), pp.122-140. Beck, D. and Davis, E., 2005. EEO in senior management: Women executives in Westpac. Asia Pacific Journal of Human Resources, 43(2), pp.273-288. Cohen, D., Gan, C., Yong, H.H.A. and Chong, E., 2007. Customer retention by banks in New Zealand. Banks and Bank Systems, 2(1), p.40. Conway, P. and Franulovich, R., 2002. Explaining the NZ-Australian exchange rate. Westpac Occasional Paper. Jones, R., Nielsen, J. and Trayler, R., 2002. The bank selection process and market definition in Australia. Journal of Financial Regulation and Compliance, 10(1), pp.22-30. Lynch, J., McNair, J.H., Polito, S.J., D'urbano, R.E., Riseman, M. and Kaiser, W., American Home Credit, Inc., 2005. System and method for automated process of deal structuring. U.S. Patent 6,901,384. Pauly, L.W., 1987. Foreign banks in Australia: the politics of deregulation. Australian Professional Publications in association with the Centre for Money, Banking, and Finance, Macquarie University. Sager, M.T., 1988. Competitive information systems in Australian retail banking. Information Management, 15(1), pp.59-67. Schaad, A., Lotz, V. and Sohr, K., 2006, June. A model-checking approach to analysing organisational controls in a loan origination process. In Proceedings of the eleventh ACM symposium on Access control models and technologies (pp. 139-149). ACM. Teten, D. and Farmer, C., 2010. Where are the deals? Private equity and venture capital funds best practices in sourcing new investments. The Journal of Private Equity, 14(1), pp.32-52. Togher, M., Dunne, M.F. and Hartheimer, R., Ebs Dealing Resources, Inc., 2000. Credit management for electronic brokerage system. U.S. Patent 6,014,627.