Master Budgeting with Supporting Schedule Essay Example for Free

Master Budgeting with Supporting Schedule Essay Cravat Sales Company, a nationwide distributor of a designer’s silk ties with an exclusive franchise on the distribution of the ties, and sales have grown rapidly over the last few years. Your have been given responsibility for all planning and budgeting. Your assignment is to prepare a master budget for the next 3 months, starting April 1st. You are anxious to make a favorable impression on the president and have assembled the information below. The company desires a minimum ending cash balance each month of ,000. The ties are sold to retailers for $8 each. Recent and forecasted sales in units are as follows: The large buildup in sales before and during June is due to Father’s Day. Ending inventories are supposed to equal 90% of the next month’s sales in units. The ties cost the company $5 each. Purchases are paid for as follows: 50% in the month of purchase, and the remaining 50% in the following month All sales are on credit, with no discount, and payable within 15 days, however, only 25% of a month’s sales are collected by month-end. An additional 50% is collected in the following month, and the remaining 25% is collected in the second month following sale. Bad debts have been negligible. The company’s monthly selling and administrative expenses are given below: Variable monthly expenses: Sales commissions (per unit)$1.00 Fixed monthly expenses: Wages and salaries$22,000.00 Utilities$14,000.00 Insurance$1,200.00 Depreciation$1,500.00 Miscellaneous$3,000.00 All selling and administrative expenses are paid during the month, in cash, with the exception of depreciation and insurance expired. Land will be purchased during May for $25,000 cash. The company declares dividends of $12,000 each quarter, payable in the first month of the following quarter. The company’s balance sheet at March 31 is given below: The company has an agreement with a bank that allows it to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $40,000. The interest rate on these loans is 1% per month, and for simplicity, we will assume that interest is not compounded. At the end of the quarter, the company would pay the bank all of the accumulated interest on the loan and as much of the loan as possible (in increments of $1,000), while still retaining at least $10,000 in cash. Assignments: Prepare a master budget for the three-month period ending June 30, including: * sales budget by month and in total * schedule of expected cash collections from sales, by month and in total * merchandise purchases budget in units and in dollars, by month and in total * schedule of expected cash disbursements for merchandise purchases, by month and in total * cash budget by month and in total * budgeted income statement for the three-month period ending June 30, with the contribution approach * budgeted balance sheet as of June 30 Solutions: Based on the sale forecast from April to July and the expected cash collection portions in each month (25% 50% 25%) , a sales budget ,a schedule of expected cash collections from sales, a merchandise purchases budget and schedule of expected cash disbursements were calculated and displayed in Table 1. Table 1 – Cravat Sales Company Expected sales, cash collections, and cash disbursements for merchandise purchases Unit: USD The Cravat Sales Company was expected to spend $195,750, $256,250, and $251,250 in cash for purchasing of merchandises in April, May, and June respectively. Totally, it would spend $703,250 within the 2nd quarter. In the first attempt to forecast the cash funding, we found that the company could not borrow less than $40,000 per month as agreed with the bank while maintaining the minimum ending cash balance of $10,000 at the same time. If comply only the borrowing limit, it would keep marginal cash of $2,250 in hands by end of April and suffer severe cash shortage of $37,000 by the end of May.

Motivating Sales Engineers in the Industrial Business Essay -- Busines

Introduction Salespeople are often internally driven and self-motivated (Srivastava and Rangarajan, 2008), and are increasingly becoming consultants who sell value-added services (Smith and Rupp, 2003). Nowadays more industrial companies employ sales engineers (SE) and therefore they represent an emerging class of knowledge workers on sales (Darr, 2002). I will first describe my experience in Festo, before briefly addressing some theories about motivation, related to it. Was there a mismatch between theory and business as I knew it? If so, I will try to identify it, and to explain why Festo's incentives failed with me. Finally, I will suggest how Festo should have motivated its SE, based on the theory previously discussed. What is a SE? I have mainly worked as a salesperson, although having studied engineering. Then, let me ask: what is a SE? A salesperson with a strong technical knowledge on the field he/she is selling. Furthermore, a SE could be defined as a technical-consultant salesperson or a knowledge worker (Darr, 2002). These ideas somehow extend Lidstone's definition of a technical salesperson: someone who sells industrial products, equipment or highly engineered components; put a major emphasis in his/her know-how, are often worried with technical details, and tends to forget his/her job is to sell (1995). SE at Festo Festo Argentina had around 20 SE (2007) nationwide (from a workforce of 120), half of them farther away than 400 miles from main office. Every SE had a different emotional background (psychological characteristics), engineering field (industrial, electronic, mechanical), and socioeconomic situation (some married, others young and single; well-off, working class, etc.). We were distributed geograp... .../2010]. Pritchard, R. and Ashwood, E. (2008). Managing motivation: a manager’s guide to diagnosing and improving motivation. New York: Taylor & Francis Group, LLC. Smith, A. and Rupp, W. (2003). An examination of emerging strategy and sales performance: motivation, chaotic change and organizational structure. Marketing & Intelligence Planning, 21/3, pp.156-167. Smyth and Murphy (1969). Compensating and motivating salesmen. New York: American Management Association. Srivastava, R. and Rangarajan, D. (2008). Understanding the salespeople’s â€Å"feedback-satisfaction† linkage: what role does job perceptions play?. Journal of Business & Industrial Marketing, 23/3, pp. 151–160. Steers, R. and Porter, L. (1987). Motivation and work behaviour, 4th edition. New York: McGraw-Hill Inc. Stewart, G. (1994). Successful Sales Management, 3rd edition. London: Pitman Publishing. Motivating Sales Engineers in the Industrial Business Essay -- Busines Introduction Salespeople are often internally driven and self-motivated (Srivastava and Rangarajan, 2008), and are increasingly becoming consultants who sell value-added services (Smith and Rupp, 2003). Nowadays more industrial companies employ sales engineers (SE) and therefore they represent an emerging class of knowledge workers on sales (Darr, 2002). I will first describe my experience in Festo, before briefly addressing some theories about motivation, related to it. Was there a mismatch between theory and business as I knew it? If so, I will try to identify it, and to explain why Festo's incentives failed with me. Finally, I will suggest how Festo should have motivated its SE, based on the theory previously discussed. What is a SE? I have mainly worked as a salesperson, although having studied engineering. Then, let me ask: what is a SE? A salesperson with a strong technical knowledge on the field he/she is selling. Furthermore, a SE could be defined as a technical-consultant salesperson or a knowledge worker (Darr, 2002). These ideas somehow extend Lidstone's definition of a technical salesperson: someone who sells industrial products, equipment or highly engineered components; put a major emphasis in his/her know-how, are often worried with technical details, and tends to forget his/her job is to sell (1995). SE at Festo Festo Argentina had around 20 SE (2007) nationwide (from a workforce of 120), half of them farther away than 400 miles from main office. Every SE had a different emotional background (psychological characteristics), engineering field (industrial, electronic, mechanical), and socioeconomic situation (some married, others young and single; well-off, working class, etc.). We were distributed geograp... .../2010]. Pritchard, R. and Ashwood, E. (2008). Managing motivation: a manager’s guide to diagnosing and improving motivation. New York: Taylor & Francis Group, LLC. Smith, A. and Rupp, W. (2003). An examination of emerging strategy and sales performance: motivation, chaotic change and organizational structure. Marketing & Intelligence Planning, 21/3, pp.156-167. Smyth and Murphy (1969). Compensating and motivating salesmen. New York: American Management Association. Srivastava, R. and Rangarajan, D. (2008). Understanding the salespeople’s â€Å"feedback-satisfaction† linkage: what role does job perceptions play?. Journal of Business & Industrial Marketing, 23/3, pp. 151–160. Steers, R. and Porter, L. (1987). Motivation and work behaviour, 4th edition. New York: McGraw-Hill Inc. Stewart, G. (1994). Successful Sales Management, 3rd edition. London: Pitman Publishing.

Basic Concepts in Organization Essay

When one delves into the principles of compensation in Rational Psychology[2] or what is commonly known as the Philosophy of Man, one gets to understand the very basis of why man tends to associate, or form groups with his fellowman. There are talents or expertise that is possessed by other men which is lacking in a person. Thus, a man by force of necessity identifies himself with another man who has talents which he does not possess. In other words, a person’s act of associating with another man is to compensate for what he lacks himself, thus assuring his survival. Plato said in Absolute Materialism[3] that all persons before they assume physical existence in this world are free-floating pure ideas. He calls this the â€Å"noumena. † By a freakish form of accident the noumena was broken into two and both fell down from the ideal world into earth and are born. Thus, from the time a person is born up to his death, he continually searches for his other half and in the process associating and joining himself with other men in the hope of finding that broken half, and when he finds it, he becomes whole again. The Philippine Constitution of 1987 has recognized this basic need of man to join in a group when it states that: The right of the people, including those employed in the public and private sectors, to form unions, associations, or societies for purposes not contrary to law shall not be abridged. [4] According to Isagani Cruz (1995, p. 225) that the right of the people to associate is especially meaningful because man is by nature gregarious. The expression of opinions and views may be more effectively spread and disseminated if articulated through an organization to which the person belongs than if he were to ventilate them as a mere individual. This buttressed the view that only through membership in an organization, group or association can a person finds fulfillment and wholeness as a human being. With this, it can be said that an organization, together with Mison and Bernabe (2004, p. 79), is a mechanism or structure that enables living things to work effectively together.

Discuss The Relationship Between Stress, Anxiety, Habits And Phobias

In this paper I aim to define what stress and anxiety are and outline the differences between them. These topics form a larger part of the essay as Stress and Anxiety underpin most cases presented to a therapist. I will move onto how phobias and habits are formed. Finally covering off options available to the therapist in order to research all these issues for a given client, understand any hidden agendas, history, treatment strategies and most importantly understand where NOT to treat. Stress ‘a state of mental or emotional strain or tension resulting from adverse or demanding circumstances’ (Oxford English Dictionary)This definition shows a specific circumstance; the individual involved is experiencing stress due to an event; be it in the past, current or future tense. Whilst stress can have a negative connotation in the English language, in fact most stress is positive. It is there to protect us. The feeling of ‘stress’ is a reaction which ensures we perf orm appropriately at the right moments. It is a natural reaction to a number of given situations, causing our innate animal instincts to activate and is activated by the hormone Cortizol naturally produced in all mammals.These are commonly known as Flight, Fight, and the lesser remembered, Freeze responses. As such, our sub-conscious will protect us through releasing chemicals in order that we can perform appropriately to deal with the situation. However distressed a client may be, one thing you can use to help them understand is that it is triggered in order to protect us from a threat. Stress becomes an issue when it is inappropriate to the situation. That is not to say that what the client/patient experiences is not real. It may be that the individual has experienced one or more episodes of stress that may not be representative of the subject at hand.It may also be that they are experiencing a consistent level of stress, such as workload, a particular home situation or the need t o consistently to overachieve in all parts of his/her life in a manner that is unsustainable. Avoiding the stressful situation can also be further damaging as this re-affirms the messaging in the brain around the given situation. Types of stress experienced vary and have many labels depending on how they manifest: Acute StressMost common: immediate threat(s), anticipated demand(s) or pressure(s). Episodic Acute StressRecurring: Overabundance of tasks, tends to become habitual to individual.Chronic StressPerpetual: Unable to see resolution, due to its constant nature it can go unnoticed by sufferer. HyperstressOverwhelmed: Workload, beyond limits of tasks achievable. HypostressThe ‘Bored’ Stress: Unmotivated, unchallenged. Lacks enthusiasm to innovate, start new challenges. Eustress‘Good’ Stress: Positive events or emotions, motivational, largely ignored. I have separated Traumatic Stress and Post Traumatic Stress as these sit under the title of Anxiety in t he next section. Individuals will experience physical responses to a stressful situation or ongoing stress; some common, some more specific to the individual.These include: sweating, shakes, fast heart rate, dry mouth, upset stomach, acid reflux, releasing of stools, muscles tensing, headaches, other aches, lack of sleep, fatigue, loss of self esteem. Anxiety ‘a feeling of worry, nervousness, or unease about something with an uncertain outcome’ (Oxford English Dictionary) This definition shows that instead of the specific circumstance seen in stress, anxiety is in comparison ill-defined. Sustained stress or specific traumatic event(s) can lead to anxiety. These may be rational or irrational; however, they manifest as very real to the sufferer.It may even be that the sufferer understands that their anxiety is irrational, but is unable to control it. It is important for a hypnotherapist to understand where they can and cannot treat in relation to Anxiety. The therapist sh ould discuss any anxiety cases with their supervisor, it may be that the case requires GP approval. In certain cases such as PTSD the therapist may need to refer to a multi-disciplinary team (or be part of). One way or another, the key here is caution, ask advice and make sure you are cleared to move on with treatment. There are many types of Anxiety Disorders, here are some:General AnxietyMost common: Constantly nervous, anxiousness where Disorder (GAD)there is no specific cause is obvious. GP/Supervisor Panic AttacksTriggered with no apparent cause: Response to sustained stress/anxiety. GP/Supervisor PhobiasBroad Subject: From Feathers to Flying, Social, Crowds, Spiders. Can be anything and is very real to the sufferer. Traumatic StressReactive Anxiety, similar to PST. Response to a traumatic event. THIS MUST NOT BE TREATED. GP/MULTI-DISCIPLINARY TEAM. Post Traumatic StressReactive Anxiety Disorder, response to severe traumatic (PTSD)event.THIS MUST NOT BE TREATED. GP/MULTI-DISCIP LINARY TEAM. Obsessive-CompulsiveObsessive thoughts, released through the compulsion Disorder (OCD)to act on thoughts. Comes in many forms. As with stress there are many physical responses, which include, all those mentioned in the stress section. There are specific symptoms for specific types of anxiety, for example in a Panic Attack, the sufferer truly believes they may die and feel entirely helpless. Anxiety suffers release strong emotions at certain times such as anger or they may cry or want to run from the situation.Due to the perpetual nature of anxiety issues, nausea, extreme exhaustion, restlessness and obsessive focus on negatives are common. Essentially it shows a loss of control. Treatment of Stress and Anxiety Whilst you may have three clients showing the same symptoms the underlying the reasons will be different for each. It’s key to spend time understanding the background to the issue, to ascertain whether the client remembers the trigger and for the therapist to spend time understanding the reason they are feeling this way, when it occurs, how it occurs and the symptoms.It may be that the initial reason they believe the stress or anxiety situation occurs is a red herring and perhaps they are unaware of another reason. Regression may be required to fully understand the history, especially if it’s clear that the issue has its roots back in childhood, this may also provide positive imagery that can be re-used in a script. For example, a bad flyer may have roots in childhood experience, but similarly remember a good experience flying that may be re-used during a script.‘Problematic imagery is reported by clients with almost all anxiety disorders, with the specific content of the images relating to the clients’ main fears that are central to the clinical disorder’ (Hirsh and Holmes 2007: 161). ’ I like the suggestion of asking the client about their dreams as well as using their interests and using this image ry to work through a script appropriate to the situation. There seems to be a lot of evidence to show that there is a direct correlation between how vivid imagery is for an individual and how powerful the feeling is towards the negative situation.That’s not to say those with different modalities suffer less, but it’s a consideration. So for someone who can easily envisage the worst scenario their stress levels may considerably increase. On the flip side this also means a therapist can use this to their advantage and treat using strong visual tendencies. If the therapist can focus on a positive image from the clients key interests or dream subjects. Outside of the specific script to the given situation, helping the client learn to relax through a relaxation script (and take-home recording) is key to working through stress issues.I also like the approach of the ego-strengthening scripts for those who are experiencing stress due to self-belief, it’s a good basis to build on during treatment sessions before the therapist can move onto specific reframing or programming of a perception. Having also read a number of ‘rehearsal’ scripts I find these a very positive approach to dealing with stressful situations, although again it would be prudent to ensure you are not trying to ‘fix’ an issue up front without understanding the underlying history and cause.Also looking to take  the negative thoughts, feelings and/or images and find a way of disposing of them in some way using appropriate modality. I think this is a key action to take within a script as those suffering stress or anxiety will primarily focus on the main negative, it will consume thoughts and feelings. In ‘purging’ them, the client can symbolically get rid of those before moving onto a more positive view of their given experience. Anxiety issues require special consideration. OCD for example, requires specific training. PTSD, a specialist team w ould need to be involved. Key focus areas would be things like GAD and Phobias.Phobias will be described later in the paper. GAD still requires GP approval to treat using Hypnotherapy. Without wishing to go into too much depth it is key to mention two methods for use with PTSD; Eye Movement Desentisation Reward (EMDR) and Visual Kinesthetic Reward (VKR). Phobias A fear or phobia may root from a number of given sources. It’s possible the client knows when it occurred originally. It’s equally possible that they do not (even if they say they do). So as described above it’s key to discuss the issue and clearly understand the history, the manifestation and perhaps regression may be required.The phobia may have been caused by several sources. It may also be that whilst the individual may say they are phobic of a particular situation or object, this could be masking the real fear (hidden agenda). So whilst you have a treatment plan, keeping an open mind is key. Reasons for Phobias Occurring: Severe Stress relating to a particular object/event/location. The mind associates that with that. It could be that the object of fear is not the real issue. For example; fear of red doors. Perhaps an individual had to walk through a red door every time they went to the solicitors to meet with the estranged spouse.This issue is potentially the pain of the divorce, loss of children rather than the door, but the mind’s association is with the door. Specific Experience or Number of Experiences. Fear created through a negative experience that frightened the individual. Perhaps getting stuck in a lift once for a long period would be enough of a severe trauma to create a phobia of lifts or a number of bad experiences in lifts (feeling squashed/delays in the lift moving/jolting action) create a phobia over time. Learned Fear.Something we associate with animals, demonstrating good stress in practise in a natural environment. It can be learned from a mother or o ther significant person. So perhaps the mother has a fear of the sea and transmits it to her children. Treatment is similar to the approach for stress. The key is to understanding why/how/history. Its important to look at the root cause and in particular if there are any hidden agendas. Whilst its possible to do things like a rehearsal script and important to build in confidence building/ego-strengthening, these may only temporarily help the situation.Ultimately, indentifying and tailoring a solution based around the original cause is key to a successful treatment plan. The use of a signal from the client allows them to indicate if the therapy is moving too quickly (given they may be experiencing stressful moments in trance) or they have arrived at a certain point. This allows the therapist to ensure the pacing is correct for the client and that they gain the most from the session. Habits Similar to stress this can appear to have a negative connotation but of course we have many goo d habits in our lives.We can all develop bad habits, these may be learnt or absorbed from others. It’s also possible these have occurred over a period of time as a coping strategy for another issue. Again, in this situation its key to understand why the habit is in place and look at a reasonable alternative coping strategy. Two ways to address a habit: Client seeing themselves living without the habit, using their motivations and drivers (such as how they look, feel, etc) Detrimental effects of continuing, so the client will associate the negative affects or perhaps even a negative view (like a cigarette being a charcoal stick)

Childhood Is the Happiest Time of a Persons Life Essay Example

Childhood Is the Happiest Time of a Persons Life Essay Example Childhood Is the Happiest Time of a Persons Life Paper Childhood Is the Happiest Time of a Persons Life Paper Essay Topic: Life Of Pi Good afternoon ladies and gentlemen. The topic for our debate is that childhood is certainly not the happiest time of your life. We the negative team believe that this statement is false. RECAP Our first speaker has already stated everything is possible in children’s life. This mean the ARGUMENTS Today I will be talking to you about childhood is certainly the happiest time of your life Now to my first point, children spend their time mostly with their parents in childhood than in later life.The reason for this is parents take care of children every minute and devote themselves to children. I am sure that there is nothing that can have more value for a human than that. If children are ill they have person to look after them, to give a piece of advice if children have a fight with their friends, in the long run there is a person to turn to in any time. However children may not have these chances in their later life. It is a life and one day that can pass away even though sometim es these occasions happen without warn us.So, we should enjoy life with our parents that would be a great memory in our minds. Now to my second point, children expectations are simple and limited compare to adults. This is because to be happy, children only need friends, toys and place to play. It is different with adults who are always not satisfied with all they have had. They always expect more than all are already in their hands. For example, having a small house is still not enough so that they want a bigger one. Also, after they could buy a car, they also want to buy another car. In career,

Iron Element Facts

Iron Element Facts Iron Basic Facts: Symbol: FeAtomic Number: 26Atomic Weight: 55.847Element Classification: Transition MetalCAS Number: 7439-89-6 Iron Periodic Table Location Group: 8Period:4Block: d Iron Electron Configuration Short Form: [Ar]3d64s2Long Form: 1s22s22p63s23p63d64s2Shell Structure: 2 8 14 2 Iron Discovery Discovery Date: Ancient TimesName: Iron derives its name from the Anglo-Saxon iren. The element symbol, Fe, was shortened from the Latin word ferrum meaning firmness.History: Ancient Egyptian iron objects have been dated to around 3500 B.C. These objects also contain approximately 8% nickel showing the iron may have originally been part of a meteorite. The Iron Age began around 1500 B.C. when the Hittites of Asia Minor began to smelt iron ore and make iron tools. Iron Physical Data State at room temperature (300 K): SolidAppearance: malleable, ductile, silvery metalDensity: 7.870 g/cc (25  °C)Density at Melting Point: 6.98 g/ccSpecific Gravity: 7.874 (20  °C)Melting Point: 1811 KBoiling Point: 3133.35 KCritical Point: 9250 K at 8750 barHeat of Fusion: 14.9 kJ/molHeat of Vaporization: 351 kJ/molMolar Heat Capacity: 25.1 J/mol ·KSpecific Heat: 0.443 J/g ·K (at 20  °C) Iron Atomic Data Oxidation States (Bold most common): 6, 5, 4, 3, 2, 1, 0, -1, and -2Electronegativity: 1.96 (for oxidation state 3) and 1.83 (for oxidation state 2)Electron Affinity: 14.564 kJ/molAtomic Radius: 1.26 Ã…Atomic Volume: 7.1 cc/molIonic Radius: 64 (3e) and 74 (2e)Covalent Radius: 1.24 Ã…First Ionization Energy: 762.465 kJ/molSecond Ionization Energy: 1561.874 kJ/molThird Ionization Energy: 2957.466 kJ/mol Iron Nuclear Data Number of isotopes: 14 isotopes are known. Naturally occuring iron is made up of four isotopes.Natural Isotopes and % abundance: 54Fe (5.845),56Fe (91.754), 57Fe (2.119) and 58Fe (0.282) Iron Crystal Data Lattice Structure: Body-Centered CubicLattice Constant: 2.870 Ã…Debye Temperature: 460.00 K Iron Uses Iron is vital to plant and animal life. Iron is the active part of the hemoglobin molecule our bodies use to transport oxygen from the lungs to the rest of the body. Iron metal is widely alloyed with other metals and carbon for a multiple commercial uses. Pig iron is an alloy containing about 3-5% carbon, with varying quantities of Si, S, P, and Mn. Pig iron is brittle, hard, and fairly fusible and is used to produce other iron alloys, including steel. Wrought iron contains only a few tenths of a percent of carbon and is malleable, tough, and less fusible than pig iron. Wrought iron typically has a fibrous structure. Carbon steel is an iron alloy with carbon and small amounts of S, Si, Mn, and P. Alloy steels are carbon steels that contain additives such as chromium, nickel, vanadium, etc. Iron is the least expensive, most abundant, and most used of all metals. Miscellaneous Iron Facts Iron is the 4th most abundant element in the Earths crust. The Earths core is believed to be comprised primarily of iron.Pure iron is chemically reactive and corrodes rapidly, especially in moist air or at elevated temperatures.There are four allotropes of iron known as ferrites. These are designated ÃŽ ±-, ÃŽ ²-, ÃŽ ³-, and ÃŽ ´- with transition points at 770, 928, and 1530  °C. The ÃŽ ±- and ÃŽ ²- ferrites have the same crystal structure, but when the ÃŽ ±- form becomes the ÃŽ ²- form, the magnetism disappears.The most common iron ore is hematite (Fe2O3 mostly). Iron is also found in magnetite (Fe3O4) and taconite (a sedimentary rock containing more than 15% iron mixed with quartz).The top three countries that mine iron are Ukraine, Russia and China. China, Australia and Brazil lead the world in iron production.Many meteorites have been found to contain high levels of iron.Iron is found in the sun and other stars.Iron is an essential mineral for health, but too much iron is extre mely toxic. Free iron in the blood reacts with peroxides to form free radicals that damage DNA, protein, lipids and other cellular components, leading to illness and sometimes death. 20 milligrams of iron per kilogram of body weight is toxic, while 60 milligrams per kilogram is lethal. Iron is essential for the development of brain development. Children with iron deficiencies show a lower ability to learn.Iron burns with a gold color in a flame test.Iron is used in fireworks to make sparks. The color of the sparks will depend on the temperature of the iron. Sources CRC Handbook of Chemistry Physics (89th Ed.), National Institute of Standards and Technology, History of the Origin of the Chemical Elements and Their Discoverers, Norman E. Holden 2001.

Diversified groups Coursework Example | Topics and Well Written Essays - 250 words

Diversified groups - Coursework Example the members in a group are talented and skilled, are clear about the goals they want to achieve and their individualistic and collective responsibilities in that, and deem the work more important than their personal ego, the group succeeds in achieving its goal. On the other hand, a group is likely to fail in achieving its goal when its members are not talented and skilled enough to play their individualistic roles in the achievement of goal, fight with each other over petty matters, and deem their personal ego more important than work. Chances of success of a group, irrespective of the differences in the views, opinions, and approach of the members it is composed of, can be maximized with good management and leadership. Tom Ruddy, who has served at Xerox Worldwide Customer Services as a manager, comments on the strategy managers should adopt to make teams successful; â€Å"What we encourage [managers] to do is start off very slowly and keep the boundaries pretty tight†¦As the team starts to grow and expand, and take on responsibility, start moving those boundaries out† (Ruddy cited in HBR,