Self Assessment - 2720 Words

Abstract Emotional Intelligence is the ability to perceive and express emotion, assimilate emotion in thought, understand, and reason with emotion, and regulate in self and others. It provides the bedrock for the development of a large number of competences that helps people perform more effectively. There are four domains of Emotional Intelligence and they are Self-Awareness, Self-Management, Social Awareness, and Relationship Management; within these domains they have 18 competences (Cherniss Goleman, 2001). This paper will provide an self-assessment review of emotional intelligence theory based on my experiences, present understanding, and future goals; using the four domains of emotional intelligence and all 18 competencies to†¦show more content†¦Journaling helps with deeper reflection, getting people to focus on their past experiences, goals, and personal mission. Self-awareness is also developed through completing personality and behavioral questionnaires† (Sadri, 20 11, p. 84) My emotional intelligence in relation to self-awareness in the past was nonexistence; however, I then realized and came to learn that many conflicts on teams and issues with teamwork have been directly linked to communication defaults. I continue to understand how my communication preferences, for instance, how I gather, receive, send, and make decisions continue to affect those who I work with. An administrative assistant involves the skill of planning, coordination of many concurrent activities, organizing various tasks and responsibilities and being very detail-oriented and above being flexible, I strife daily to continue to improve that myself awareness is a continual task into the future. Golnaz Sadri also explained in his article that self-regulation requires that a person observe her own behavior and make changes where necessary and requires that a person set behavior-oriented goals and monitor her progress toward these goals (Emotional Intelligence: Can It Be Taught, 2011). Self-Management Self-management is essential, it suggest the importance of managing one’s emotions by using abilities, such as self-discipline, integrity, and staying motivatedShow MoreRelatedNotes On Self Assessment Tools899 Words   |  4 Pages1. Self assessment tools can be found in several places from self-help books to magazine articles, and sometimes make grand and exaggerated claims. What are the advantages and disadvantages of these self-help tools? Okay to start off, I decided to do a self-assessment based on depression. It’s only nine questions and it was closed-end; so the answers ranged from, â€Å"no, not at all†, â€Å"on some days†, â€Å"on more than half the days†, â€Å"nearly every day†. Here are the nine questions: 1) Have you foundRead MorePeer and Self Assessment Strategies for University Students1303 Words   |  6 Pages1.0 Introduction The topic of self assessment and peer assessment among university students is fueling a lot of debate from scholars and practitioners in the education specialty. This owes to the reality that Nulty (2011) completed a study on the topic in question. It is necessary to define the terms self and peer assessments because their definitions are vital ingredients to the upcoming discussion. Consequently, (White, 2009) reveals that self-assessment requires an individual to evaluate him orRead MorePersonal Self Assessment Essay1329 Words   |  6 Pages Self assessment is a process in which you examine yourself in attempt to discover and learn more about yourself. Your likes, dislikes, behaviors, attitudes and habits can be found during this process. You can use the discoveries to your advantage by accepting or changing strengths and weaknesses. I plan on using this course to enhance my personal skills to become a better student and find success in earning my Bachelor of Arts degree at Ashford University in Social Science. Self AssessmentRead MoreSelf Assessment Reflection Paper632 Words   |  3 PagesSelf Assessment Reflection Paper Yvonne Johnson-Cane Wilmington University Self Assessment Reflection Paper In the Tests and Measurements class we were given an assignment to complete several assessment tests. These tests included: 1) The Simple Rathus Assertiveness Schedule, 2) Barsch Learning Style Inventory, 3) Career Decision Profile, and 4) Winward Community College Trio Program Study Habits Inventory. As I proceeded to respond to the questions on the tests I kept a few things in mindRead MoreSelf Assessment Of The Classroom Essay1982 Words   |  8 PagesSelf-Assessment in the Classroom Self- Assessment is process by which students monitor and evaluate the quality of their thinking and behavior when learning and then identify actions that could potentially improve their understanding and skills. Furthermore, self-assessment occurs when students check the work they’ve accomplished and identify discrepancies between current and desired performance (McMillan Hearn, 2008). Self-assessments can be used by the student and the teacher; a student wouldRead MoreSelf Assessment : Patrick T. Terenzini Essay920 Words   |  4 PagesSelf-Assessment Patrick T. Terenzini (1991), a Distinguished Professor of Higher Education at Penn State, wrote a lot about the nature of Institutional Research (IR) and skills and knowledge that are required to become a good IR practitioner. In his opinion, one has to possess three tiers of intelligence: 1 -- technical/analytical intelligence, 2 -- issues intelligence, and 3 -- contextual intelligence, to be effective in the IR field. (P. Terenzini, 1991) In his research of IR, William KnightRead MoreThe Assessment Data Of The Miles College Self Study777 Words   |  4 Pages1.1.a What did the evidence reveal about the unit continuing to meet this standard? The assessment data included in the Miles College self-study states that candidates preparing to work in schools, know and demonstrate content knowledge, pedagogical skills and professional dispositions needed to be facilitators of learning for all students in P-12 schools (IR, p. 3). . The Professional Education Unit at Miles College prepares candidates, at the initial level, in ten Alabama State Department ofRead MoreRisk And Control Self Assessment833 Words   |  4 PagesAfter a risk and control self-assessment, Company XYZ finds that their operational losses are greater than expected. The company defines operational losses based on losses largely from fraudulent automobile accident personal injury claims. With this finding, Company XYZ has decided to commit the necessary resources to reinforce and strengthen their operational risk program. However, with the currently in place special investigations unit (SIU) that is responsible for investigating claims of potentialRead MoreOHSAS 18001 self assessment4232 Words   |  17 PagesOHSAS 18001:2007 Self Assessment Checklist S003, Issue 2, November 2007 This document restates the requirements of OHSAS18001:2007 for Occupational Health and Safety Management Systems (OHSMS) and has been developed to assist NCSI and its clients in the assessment of for Occupational Health and Safety Management Systems for compliance with OHSAS18001:2007. This checklist presents the requirements of OHSAS18001:2007 as questions and can be used as an effective tool for implementing the OccupationalRead MoreEssay on Feasability of Self-Assessment in ESL Classrooms3368 Words   |  14 Pagesï  ¶ Introduction: Assessment is one of the crucial components of the education. Traditional exams and tests are mostly based on materials taught in the course to meet predetermined objectives. They cannot assess whether or not learners can apply it. To truly understand some new ideas, students need to apply it. My experience as an English teacher provides some ideas to frame my discussion of assessment. Although many teachers think that the scores of the exams and the tests are objective and cannot

Obesity And Its Effects On Obesity - 1281 Words

The famous actor and comedian, Will Ferrell, quoted on twitter, â€Å"Obesity doesn’t run in your family, no one runs in your family†. The joke was intended to be funny, but I’m sure it hit closer to home for a lot of people more than anything else. Many problems in America consist of low employment rates, global warming and, not to forget, obesity. What other country has issues that include the overweight factor? Exactly, none. While mostly adolescent teens to adults are struggling to turn their lives around in the direction from their heavyset days, it should register that obesity can develop at an earlier age, and that is where the work should begin. If our five year olds are sitting on the couch all day eating their third Mcdonald s meal†¦show more content†¦What will we gain? Well it won’t be weight, I can promise you that. However, making phys ed mandatory can promote good health, increase achievement in academics and helps create self-estee m within an individual. Promoting excellent health can be a major outcome from making physical education apart of every child’s lifestyle. The student will learn at a young age how important staying fit and in shape is while taking those lessons with them and executing them later in life. It also advocates healthy eating and an improvement in lifestyle altogether. Bringing habits like these home can also affect the family. Encouraging the whole family to eat and exercise better can be a result from making physical education mandatory. Whether it be more family activities in the backyard, or taking a trip to skyzone to enjoy a day of flips, jumps and friendly dodgeball games, the whole family would have been inspired to become physically active. â€Å"Kids are getting fatter. Obesity rate over the last 30 years have more than quadrupled for children ages 6 to 11 and more than tripled for youths ages 12 to 19. Our children and youths are at risk for developing type 2 diabetes, heart disease, high blo od pressure, high cholesterol and even asthma.† Henceforth, physical education also has an affect on academic performance, more than one may think. â€Å"A representative study, presented in May at the American College of Sports Medicine, found that fourth- and fifth-grade

Accounting Software of Amcor Limited-Free-Samples for Students

Question: Discuss about a Company in Australia that uses accounting software. Answer: Introduction Amcor Limited is a manufacturing company that deals in rigid plastic packaging and producing flexible. It is an Australian based company that deals in packaging. The products of Amcor are responsible for protecting beverages, food, medicines and personal care products. Its headquarters is in Victoria, Australia. In the year of 1860, this company was founded. That time it was known as Australian Paper Manufacturers. Later on it was named as Amcor in the year 1986. It is known to be the largest PET bottles producer in the world. The main focus of this report is to discuss about the implementation of accounting software in the Amcor Limited. It also describes the structure of the organization along with the competitive advantages of Amcor Limited. It also talks about the accounting software that this company uses for its operations and in order to improve its efficiency. There are several benefits and limitations present in the current structure and software of the organization. Accounting software can be used by this organization to carry out their job in an effective and efficient manner Current Organizational Structure Amcor is an Australian based manufacturing company (Amcor.com 2017). It has an organizational structure that is hierarchical in nature. The top level constitute of the managing director. Then the next level consists of the directors of several departments like finance, operations, marketing and human resource management. Then there is the level of managers of the various departments like marketing, personal manager, production team leaders and finance supervisors. The lowest level constitute of production team members, sales team and accounts assistants. The management team is very strong and its main focus is the innovation. Figure 1: Organizational Structure (Source: Lunenburg 2012) This is the general organizational structure of the company (Fan, Wong and Zhang, 2013). The detailed organizational structure is given as below. Figure 2: Organizational Structure (Source: Sapinsider.wispubs.com 2017) This diagram shows the overall hierarchical structure of the company. Its management team is very strong and it can be also shown in terms of hierarchy as given below. This type of structure is organized in nature and helps the organization to maintain a stable state. All the employees are aware of their roles and responsibilities (Sapinsider.wispubs.com 2017). They know whom to report in case of any emergency and important issue. There are fixed rules that are to be followed in the company. The goals of the company are clearly defined and it is very easy for Amcor to achieve its goals by following this structure because the tasks are clear while employees are executing it. Operational problems faced by Amcor due to its Structure There are several loopholes of having this organizational structure. This structure does not allow Amcor to work in a flexible manner (CorporateSite 2017). It also creates problem in planning for any long term goals because future is uncertain and this structure might not be profitable in the future. This structure also acts as a barrier in case of creativity Amcor targets to become the most innovative company in the world but this structure comes in its way. The roles of some department become very active while there are some departments that remain idle. This type of structure does not allow two way communications leading to communication gap (Tran and Tian 2013). This structure leads to a cause of low team spirit. In future this might lead to serious troubles affecting the morale of the employees. The operational problems which they face are the less visibility in the supply chain management of the company (Singh 2013). Another issue is the barrier in case of innovation. There are gap in the skills of the workers. They have to think about the environment too. Their main issue is to balance maintenance along with high productivity. System Acquisition Method of Amcor Limited Amcor Limited uses the Enterprise Resource Planning software. The several software used by this company are SAP ERP 6.0, SAP SCM 5.0 and SAP CRM 7.0. These solutions help the company to perform very well in the industry. The cost of processing sales order is reduced and the time to calculate the selling price is also less. The cash flow is increased. The potential of investment is increasing. The revenue of the company is increased sue to the acquisition of ERP. The number of stock outages is less because of reliable materials. Freight costs are reduced due to this acquisition. There is little functionality in SAP that is not present in other software. SAP uses (Oxygen 2017). This ERP is complimented by the use of Microsoft Office word. System Flowchart of the Sales Procedures The sales model in a manufacturing company is not so well developed and is inadequate in nature. The sales process begins with determining the needs, sales teams and actions to be taken. It starts with the customer (Gunasekaran and Spalanzani 2012). The customer first requests for an order. The manufacturer checks whether the products are available or are feasible for production and then sells or manufactures further products. This process is repetitive in nature and has no such issues. In the flow chart below we get to see that the customer first places the order and then the company approves or disapproves the order request based on certain conditions (Hosgor, 2015). Then if the order gets approved the manufacturer plays its role. After the products are ready it is sold to the customers. Figure 3: System Flowchart of the Sales Procedure (Source: Ingram et al. 2012) The above flow chart gives a clear idea about the sales procedure in Amcor Limited. Control Problems and Different Types of Frauds that are Possible in this System There are several problems associated with the present ERP system in the organization. First and foremost implementation of this type of software is highly expensive for the company. These types of systems are highly complex and are not under the total control of the organizations. Several numbers of experts are required in order to maintain the ERP system. Severe training is required for the purpose of handling this system. If the software is outdated then it can crash the entire system leading to loss of sensitive data. There is a chance of insufficient capability of reporting that can lead the company to an external reporting as well as loss of data control (Christauskas and Miseviciene 2012). Any kind of delay in update can lead to vulnerabilities in the software. In case of lack of security and compliance standards, this can lead to severe issue. There are also several kinds of frauds that can take place along with this system. There can be fictitious vendor that are created in the system. For these kinds of fictitious vendors there can be fictitious bank accounts too. The signatures in the invoice can also be false misguiding the company. The invoice distribution can be coded to a wrong account. There can be a lot of false or fake supplier master and bank accounts without any documentation. Development and Adoption of the Accounting Software Packages There are several accounting software that can be adopted like Xero, Myob and Quickbooks. There are several issues in using traditional software like the system is not always up to date. Data needs to be moved from one place to another and using software keeps the data only in one place. Access is only there in the hand of one person. It is expensive and slow at the same time. On the other hand these cloud accounting software are very useful for the business in terms of cost and effectiveness. It increases the efficiency of the system. The accounting software that is used by the Amcor Limited is called Reval (Reval 2017). This is Software as a service platform for the organization for the purpose of management of treasury and management of risk. This software helps to manage cash and liquidity and also understand the financial risk of a company. These are used by more than 650 companies around the world. It provides a superior customer experience increasing the return on investment o f the company. It provides a scalable solution. It also provides global support. Current Market Size The graph provided below give the current market size of Amcor Limited. It shows the share price for the last 1 year. It can be seen the performance has improved. The performance has been fluctuating but there was a tremendous improvement around July 2017 (Amcor.com 2017). Although the share price at present is less but the performance of the company is high. Figure 4: Market Size of Amcor Ltd. (Source: Amcor.com 2017) Leaders in the Market and Competitive Advantage The top leaders in this industry are Georgia Pacific, Silgan Holdings Inc. along with Amcor Limited. Silgan Holdings is one of the leading suppliers of rigid packaging of goods products. Its annual sales and revenue in the year 2016 was reported to be 3.6 billion dollars (Silganholdings.com 2017). This company is one of the main competitors of Amcor Limited. Georgia pacific on the other hand is an American company that is considered to be worlds largest manufacturer of paper. Amcor can be considered to be leader in this field with annual revenue of 9.5 billion dollars. The competitive advantage of this company is its innovation. Its main focus is always on customer satisfaction that has led to the tremendous growth of the company. Among the accounting software Reval is considered to be the market leader along with Xero, Myob and Quickbooks. Existing Challenges Encountered by Users of Accounting Software There are several challenges that are involved in using the accounting software. The most challenging issue is the lack of security because the data is present in the cloud and if it gets hacked then it will become accessible to anyone affecting many users. The reporting service facility of the system is very low. It also affects the efficiency of the system. Some of the accounting software systems are not up to date that affects the productivity of the organization. The software may not user friendly and is very difficult for all the employees of the company to use. It can also affect the accuracy of the system. Some of the systems have inefficient and insufficient features but are extremely expensive. These types of software do not have any bank reconciliation features (Christauskas and Miseviciene 2012). The customer relationship management feature is extremely poor. Sometimes the accounting software is not compatible with their system. Technical supports are not present for the e ntire time. The technical support that can be provided over the phone is very inconvenient. The access speed is also less sometimes. This affects the productivity of the system. The organization using such software suffers because their work has to come to a stop because of the problem of speed in the system. These are the disadvantages associated with using the accounting software. Recommendations Installation of proper security policy can resolve most of the issues mentioned above. A strong firewall can help the system to overcome most of the risks related to the security issue of the system. This will allow only authorized users to access the system while it will disallow unauthorized users. Network security software will help to protect the software from any type of misuse of the data. Financial models used by the Amcor Limited must use a flexible model for the proper efficiency of the system. A driver based solution will allow the use of software for any other purpose too. The adaptability of the system must be good in order to get accustomed to any type of work. Conclusion This report concludes that the accounting packages used by the Amcor Limited are based on cloud computing technology, rather Software as a Service. There are several challenges and benefits associated by the software used by the company. These challenges can be rectified by proper procedures and methods. This report also discusses about the factors behind the success of the company and its competitive advantages. This report also gives a brief outline about the organizational structure and its loopholes. This report also gives recommendation about overcoming the limitation of the accounting software References Amcor.com. 2017.Amcor - Home. [online] Available at: https://www.amcor.com/ [Accessed 22 Aug. 2017]. Christauskas, C. and Miseviciene, R., 2012. Cloudcomputing based accounting for small to medium sized business.Engineering Economics,23(1), pp.14-21. CorporateSite. 2017. [online] Available at: https://d2491pxl8gaali.cloudfront.net/CorporateSite/media/Sustain-Reports/Amcor-2014-GRI-Report.pdf [Accessed 22 Aug. 2017]. Fan, J.P., Wong, T.J. and Zhang, T., 2013. Institutions and organizational structure: The case of state-owned corporate pyramids.The Journal of Law, Economics, and Organization,29(6), pp.1217-1252. Gunasekaran, A. and Spalanzani, A., 2012. Sustainability of manufacturing and services: Investigations for research and applications.International Journal of Production Economics,140(1), pp.35-47. Ho?gr, E.A., 2015. Organizational Structure.Wiley Encyclopedia of Management. Ingram, T.N., LaForge, R.W., Avila, R.A., Schwepker Jr, C.H. and Williams, M.R., 2012.Sales management: Analysis and decision making. ME Sharpe. Lunenburg, F.C., 2012. Organizational structure: Mintzbergs framework.International journal of scholarly, academic, intellectual diversity,14(1), pp.1-8. Oxygen. 2017.SAP ERP Upgrade - Amcor | Oxygen. [online] Available at: https://www.uxcoxygen.com/case-studies/sap [Accessed 22 Aug. 2017]. Reval. 2017.Reval Treasury and Risk Management Technology. [online] Available at: https://www.reval.com/ [Accessed 22 Aug. 2017]. Sapinsider.wispubs.com. 2017.Amcor Rigid Plastics Manufactures a Winning Archiving Strategy. [online] Available at: https://sapinsider.wispubs.com/Assets/Case-Studies/2012/October/Amcor-Rigid-Plastics-Manufactures-A-Winning-Archiving-Strategy [Accessed 22 Aug. 2017]. Silganholdings.com. 2017.Silgan Holdings Inc.. [online] Available at: https://www.silganholdings.com/ [Accessed 22 Aug. 2017]. Singh, A., 2013. A study of role of McKinsey's 7S framework in achieving organizational excellence.Organization Development Journal,31(3), p.39. Tran, Q. and Tian, Y., 2013. Organizational structure: Influencing factors and impact on a firm.American Journal of Industrial and Business Management,3(2), p.229. Wagner III, J.A. and Hollenbeck, J.R., 2014.Organizational behavior: Securing competitive advantage. Routledge. Walsh, T., Arca Systems AB, 2002.Pallet container with a door. U.S. Patent D466,690.

Does Romeo Behave Rashly While Juliet Shows Superior Judgement Essays

Does Romeo Behave Rashly While Juliet Shows Superior Judgement? I do not totally agree that Romeo behaves rashly while Juliet shows superior judgement. It does seem as though Romeo is more confident and quick to make decisions, and Juliet takes her time and thinks it over first. Both Romeo and Juliet make some good decisions by showing good judgement but also some mistakes by acting hastily without thinking. Juliet behaves in a careful and thoughtful manner in different stages of the play. An example of this is when Lady Capulet talks to her about marrying Paris. She declines the offer, "It's an honour that I dream not of." She does not think that she is ready to marry yet, and has not thought about it. He leaves the option open and tells her mother that she "will look to like", meaning she will try and like him but only go as far as her mother wants. Juliet is not sure if she wants to marry Paris but she will consider it while she gets to know him. In other parts of the play Juliet is quite rash and acts thoughtlessly and very quickly. One example of this is when she wakes up in the tomb and finds out the Romeo is dead. She refuses to listen to Friar Lawrence's pleas, to leave the tomb and come with him to a nunnery. Instead she tells him "Go, get thee hence, for I will not away." She tries to poison herself but there is none left. When she hears the watch coming she grabs Romeo's dagger and fatally stabs herself. Juliet is so upset she doesn't think and tries to poison herself instead of listening to the Friar, and in desperation of death, kills herself with the dagger. Romeo is careful and considerate in some parts of the play. An example of this is when he tries to convince his friends not to go to the Capulet ball : "'tis no wit to go". Another example is when Juliet confesses her desire to marry him, he goes and speaks to Friar Lawrence. He explains the difficult situation to the friar and asks for his help. Romeo acts with forethought on both occasions. When he tells his friends not to go to the Capulet ball, he is thinking ahead about the consequences. He is also cautious about his love for Juliet but when he needs help he is not afraid to ask. Romeo also behaves hastily and carelessly on many occasions throughout the play. An example of this is when his friend Mercutio is killed while Romeo is trying to stop the fight with Tybalt. Romeo say "fire-edged fury be my conduct now" and draws on Tybalt and kills him without thought about the consequences - that he could be banished from Verona. Another example of his thoughtless and careless actions is when he hears of Juliet's `death' and immediately goes and buys poison from an apothecary, so he can go to Juliet's tomb and kill himself. Romeo was thoughtless and when Tybalt made him furious he killed him without thinking about the consequences, it was also irresponsible of him to buy the poison and to kill himself before he knew the full story. Overall, I don't think that Juliet shows superior judgement compared to Romeo, or that Romeo acts rashly and Juliet does not. Both of them make the mistake of not thinking before they act and both make some good decisions on different issues. Romeo and Juliet both show good judgement and bad judgement at different times. Juliet was probably more thoughtful than Romeo but I think that their good judgements and rash judgements cancelled each other out.

Leadership Influence on Market Performance of Companies

Leadership Influence on Market Performance of Companies Introduction Leadership plays an important role in defining the ability of a firm to achieve success in the market. According to Blanchard and Cathy (2002), organizations depend on leadership to define the path that should be taken in order to reach a specific destination. Successful companies in the world attribute their achievements to effective leadership.Advertising We will write a custom essay sample on Leadership Influence on Market Performance of Companies specifically for you for only $16.05 $11/page Learn More The Virgin Group, Apple, and Microsoft are some of the largest and most successful companies in the world. The success story of these companies cannot be told without the mention of the pivotal roles played by their leaders. The Virgin Group owes its success to the effective leadership of Sir Richard Branson. No one can talk about the massive success that Apple Inc has achieved without mentioning the name of Steve Jobs. Microsoft Corporation a nd Bill Gates are names which are inseparable. These leaders were able to understand the needs of the employees, the changes taking place in the market, and the technological dynamics. In Australia, there are a number of companies that have experienced massive success due to effective leadership. Aussie Commerce Group, Schnitz, Drilltechniques, and Fossil Energy Services Pty Ltd are some of the companies that have experienced massive success in the past. These companies have been in existence for only half a century, but because of effective leadership, they have experienced massive growth of their market share within the country. This research focuses on the extent to which leadership influences the market performance of companies. Effective Business Leadership According to the research by Ferch and Spears (2011), effective business leadership is one of the most important ingredients that are needed to succeed in the current competitive market. The level of competition has become s o stiff that many organizations are now forced to find a way of developing superior strategies to protect their market share. Many scholars say that the success of a firm heavily relies on the effective company leadership. Company leadership goes beyond developing policies and forcing the stakeholders to apply them as per the wishes of the leader. It also surpasses providing the needed resources to undertake specific activities. Leadership is about managing people within an organisation.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Employees form a very important part of an organisation. The effort they put in what they do, and the desire they have to see the firm successful defines the ability of an organisation to achieve its objectives (Annabelle, 2006). A leader is expected to create and then share the ambitious visions with the employees and all other stakeholders so that they are convinced that the future is bright. Transformational leadership is one of the recent leadership models that have been considered effective in managing stakeholders who have varying interest. For instance, while the shareholders will demand for increased interests, the employees may desire increased wages. These interests may affect the financial position of an organisation if they are not managed properly. A leader must find a way of convincing the stakeholders to take a common path that would benefit everyone in the long run. Miller (2012) says that an effective leader must learn to treat the stakeholders, especially the employees, as individuals other than groups. Giving stakeholders a personalized approach not only creates a close bond between the stakeholders and the management, but it also enables the management understand the diversity that exists in a firm and how it can be managed. Northouse (2010) says that irrelevant company leadership is the reason why some firm s have failed to achieve success. Leadership may be considered irrelevant if the leader does not understand the industry within which his or her company is operating. For example, it may be difficult for a plumber to offer relevant leadership to a firm operating in the health sector. Employees look upon the leader to offer directions when handling some of the complex tasks. When the leader has no knowledge on the basic concepts as to what should be done, then his or her authority as a leader will be lost. The employees will lose trust in him or her, and when this happens, they will have no hope for a better future in the firm. This is what Adetule (2011) describes as underwhelming leadership. It is a case where the leader is not in a position to offer the employees guidance based on the expert knowledge. In fact, it may take a long time, probably constant complaints from the customers, for such a leader to realize that there is a problem that needs to be addressed within the organis ation.Advertising We will write a custom essay sample on Leadership Influence on Market Performance of Companies specifically for you for only $16.05 $11/page Learn More Relationship between Leadership and Company Performances Leadership and employee management The main role of a leader is to manage the employees and ensure that they remain motivated and committed to their duties. According to Hughes, Ginnett and Curphy (2012), some of the newly emerging firms in Australia have been very successful because they have leaders who know how to manage their employees in various contexts. This means that the success that Aussie Commerce Group, Schnitz, Drilltechniques, and Fossil Energy Services Pty Ltd have experienced in the Australian market is largely associated with the effective employee management. There are various aspects of employee management that a leader should be aware of in order to achieve success in the market. Managing communication is one of th e most important tasks of leaders in the normal running of an organization. In order to manage a group of people, one would need to have a system that allows free communication between various entities in an organization (Sipe Frick, 2009). The leader must be informed about the successes and various challenges the firm is experiencing in the market by the marketing unit. He or she will also need to be informed about the financial position of the firm by the finance department. The human resource management unit must always update the leader about the quality of the current personnel, their ability to meet the expectations of the firm, and any need to expand or reduce the size of the workforce (Aquinas, 2006). The leader needs relevant information from the logistics unit, the insurance department, and other departments about various issues that affect the firm directly or indirectly. It is, therefore, vital to have a proper communication system that will make it possible for the lea der to get these pieces of information from all the responsible individuals. When the decision has been made, the manager will need a system that will make the information reach all the relevant stakeholders so that it can be implemented (Bass, 2005). The communication system must facilitate close relationship between the junior employees and the top management of a firm. These are some of the strategies that have been perfected by the successful firms mentioned above. Other than effective communication, a leader needs to formulate an effective employee relation system. According to Kouzes and Posner (2012), no organisation can achieve success without a team of dedicated staff. Employees are the wheels upon which an organization runs towards achieving its set objectives.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More When the leader has formulated strategic policies, it is the workers who will be expected to put the policies into practice. However, it is vital to note that the workforce can only be productive if they feel that the leader cares for their interests. Employee relation management is an essential aspect of leadership that defines the ability of a firm to achieve success. It enables the leader to maintain a pool of loyal employees (Bell, 2005). It also helps the leader to develop a close bond and trust with the employees in an organization. This creates an environment where the employees are always willing to follow the guidelines given by the leader. They will always be willing to make an extra effort in order to please the leader. According to Matha and Boehm (2008), teamwork is important in the current society where close coordination of employees is a powerful weapon in managing the market wars. Recent researches have confirmed that when employees are allowed to work as a team, th ey easily learn from their colleagues and this enhances their skills. In such teams, spreading of new information in a practical way is possible, reducing the need to conduct regular on-job trainings. Team building strategies are very important to a leader in a number of ways (Polelle, 2008). In cases where there are effective strategies to make employees work as a team, the cost of their supervision is always reduced because the employees will be monitoring themselves as they struggle to complete the duties assigned to them. Teamwork also promotes motivation among the employees, the fact that promotes their productivity. Leadership and innovation According to Schuttler and Burdick (2010), the current dynamic market environment requires firms to embrace creativity and innovation as a way of gaining the competitive edge over the competitors. A firm must continually seek to find new ways of addressing different tasks in convenient ways and at reduced costs. Leadership plays an importa nt role in promoting creativity and innovation within a given organisation. Creativity among the employees can only be exploited if the leader creates an enabling environment. Employees who are always involved in handling various tasks are in a better position of coming up with suggestions about how their tasks can be done differently in order to yield better results, reduce the resources used, and to cut down time needed for the processes. Transformational leadership has been considered as an effective way of evoking skills and knowledge of employees to deliver better results (Clawson, 2011). A leader needs to positively challenge the employees to come up with creative ideas that can make the firm more successful. This is one of the areas that have made Aussie Commerce Group very successful in the market. With about 150 employees, this firm has been keen on delivering new and better products to its customers on a regular basis in order to maintain their loyalty to this firm. The to p leadership of the firm has given the employees power to come up with creative ideas of meeting the customers’ needs, cutting of costs of operation, or reducing time that it takes to deliver products to the customers. Any idea that goes through the evaluation process successfully and is finally adopted earns the innovator financial and social benefits within the firm (Kouzes Posner, 2003). This has created a positive competition within the firm where employees are always making efforts to ensure that they invent better ways of delivering high value to the firm. This explains why this firm has achieved massive success in its market performance over the recent past. Leadership and financial planning In order to achieve success, organizations need to have proper financial planning system that will help in meeting the needs using the limited resources available. As a leader, it is important to know how to prioritize the needs of a firm. The leader must know the needs that are u rgent, those that cannot be ignored, and those which may have a massive impact on the overall performance of the firm. Such needs should always be prioritized (Collins, 2001). Unnecessary expenses, especially on issues that do not have direct value to the firm, should be avoided at all costs. This means that a leader should have financial literacy. This will enable him or her to make wise investment decisions that will have a positive influence on the firm. Drilltechniques is one of the emerging Australian firms that have started from humble beginnings, but because of the financial management skills of its leader, it has managed to grow into a large company with a large financial base. Leadership and external relationships Another aspect of leadership that has a direct impact on the market performance is the ability to relate well with the external stakeholders. These stakeholders include the government, the competitors, regulatory agencies, and any other body that have direct or in direct impacts on the firm. The days when market rivals viewed one another as enemies are long gone. Competitors need to work together and face the market challenges as a team as a way of creating a positive competitive environment (Flint, 2012). The leader also needs to find a working relationship with the government and other regulatory agencies in order to ensure that the operations of the firm are smooth. Leadership and ethics The leadership of any organization has ethical and social responsibilities to various stakeholders that should be properly fulfilled. It is an ethical responsibility of the management to ensure that the employees are not mistreated in any way within the organization (Gallos, 2008). The management also needs to ensure that the interests of stakeholders such as the government, shareholders, customers, and the public are taken care of as may be necessary. This will influence the market performance of the company. Conclusion It is clear from the discussion abo ve that leadership has a massive influence on the market performance of a company. A firm operates under the guidance of the leader. A leader is expected to understand the internal and external environmental factors, and find a way of making an organisation to maximize on its strength. The manner in which a leader treats the employees defines the level of output of a firm. The way the leader relates with the external stakeholders and manages the finance of the firm directly influences the company’s ability to achieve success in its market performance. References Adetule, J. (2011). Handbook on management theories. Bloomington: Author House. Annabelle, M. (2006). Notes from a Small Island: Researching Organisational Behaviour in Healthcare from a UK Perspective, Journal of Organisational Behaviour, 27(7), 851-867. Aquinas, P. (2006). Organisational behaviour: Concepts realities applications and challenges. New Delhi: Excel Books. Bass, ‎ B. (2005). Transformational Leade rship. New York: Simon Schuster. Bell, J. (2005), Doing your research project: a guide for first-time researchers in education, health and social science. Maidenhead: Open university press. Blanchard, K. H., Cathy, S. T. (2002). The generosity factor: Discover the joy of giving your time, talent, and treasure. Grand Rapids: Zondervan. Clawson, J.G. (2011). Level Three Leadership: Getting Below the Surface. New York: Prentice Hall. Collins, J. C. (2001). Level 5 leadership: The triumph of humility and fierce resolve. Boston: Harvard Business Review. Ferch, S. R., Spears, L. C. (2011). The spirit of servant-leadership. New York: Paulist Press. Flint, B. B. (2012). The journey to competitive advantage through servant leadership: Building the company every person dreams of working for and every president has a vision of leading. Bloomington, Ind: West Bow Press. Gallos, J. (2008). Business leadership: A Jossey-Bass reader. San Francisco: Jossey-Bass. Hughes, R. L., Ginnett, R. C., C urphy, G. J. (2012). Leadership: Enhancing the lessons of experience. New York: McGraw-Hill Irwin. Kouzes J.M. Posner B.Z. (2012). The Leadership Challenge. Hoboken: John Wiley Sons. Kouzes, J. M., Posner, B. Z. (2003). Encouraging the heart: A leaders guide to rewarding and recognizing others. San Francisco: Jossey-Bass. Matha, B., Boehm, M. (2008). Beyond the babble: Leadership communication that drives results. San Francisco: Jossey-Bass. Miller, K. (2012). Organizational communication: Approaches and processes. Boston, MA: Wadsworth Cengage Learning. Northouse, P. G. (2010). Leadership: Theory and practice. Thousand Oaks: Sage Publications. Polelle, M. (2008). Leadership: Fifty great leaders and the worlds they made. Westport: Greenwood Press. Schuttler, R., Burdick, J. (2010). Laws of communication: The intersection where leadership meets employee performance. Hoboken, NJ: John Wiley Sons. Sipe, J. W., Frick, D. M. (2009). Seven pillars of servant leadership: Practicing the wisdom of leading by serving. New York: Paulist Press.

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