Understand how to manage a team 1.1 Define the key features of effective team performance The features of an effective team could be best summed up by Kenneth Blanchard’s Mnemonic PERFORM; this can be broken down into the following: P = Purpose E = Empowerment R = Relationships and communication F = Flexibility O = Optimal Productivity R = Recognition and appreciation M = Morale Purpose – The purpose must be commonly shared between each team member. There must be clear goals within
Premium Management Leadership Risk
at information all it is a collection of knowledge stored within a database for people to look at. This article goes over information and how it is used in my company‚ how we use our information and the safeguards we use from the employee as an individual and as a company to protect our clients Information and my organization Information is the key to any organization in the world today; it is what makes an organization successful‚ accurate and proficient in an increasingly
Premium Credit card Telephone Telephone exchange
University of Phoenix Material Negotiation Outcome Matrix Negotiation Outcome Type Definition Associated Negotiation Type (distributive bargaining or integrative negotiation) Example Win–win “…win–win situations such as those that occur when parties are trying to find a mutually acceptable solution to a complex conflict” (Lewicki‚ et. al.‚ 2010‚ p. 3) The associated negotiation type of a win-win is integrative negotiation. An example of an integrative negotiation is planning a wedding
Premium Negotiation Game theory Bargaining
Financial Outcomes Wal-Mart is known as one of the world’s leading discount retail chains. Much of its profits and success depends on its stock prices. This paper will examine three different scenarios in relation to the organizations initiative to repurchase its own stock in the market in order to retire it. There are three potential outcomes that the organization can encounter including: 1) the stock price goes down because the balance between debt and equity is distributed thus making interest
Premium Stock Stock market Corporate finance
effort to deal with diversity. A possible missing vinculum (link) between how an organization deals with diversity and its impact on the bottomline is a corporate diversity strategy that is executed using a planned change approach to systemically manage diversity. While many organizations have implemented a corporate diversity strategy‚ most have not used a “planned change-corporate diversity strategy”. The lack of a “planned change-corporate diversity strategy” is quite likely to inhibit managing
Premium Strategic management Management Organization
how to manage a team (LM1a) 1. Understand the attributes of effective team performance 1.1 Define the key features of effective team performance Teamwork may contribute to increased staff well-being as well as improved patient outcome. In order to effectively teach and reliably assess the quality of teamwork‚ it is necessary to identify the behaviours associated with effective teamwork and their interplay in relation to clinical performance ratings and ultimately to patient outcome. The main
Premium Teamwork Team building
(SHD) Section 10 Introduction Company Defined According to Lord Justice Lindley‚ “By a company is meant association of many person who contribute money or money’s worth to a common stock and employ it for a common purpose. The common stock so contributed is denoted in money and is the capital of the company. The persons who contribute it or to whom it belongs are members. The proportion of capital to which each member is entitled is his share.” (Mitra & Sen‚ 1956‚ p. 554) A corporation
Premium Corporation Company Law
“Being positive in a negative situation is not naive‚ it’s leadership” (Pinterest). Positivity is defined as the practice of being our tendency to be positive or optimistic in attitude. (Newcomer). Consequently‚ relationships are getting destroyed. Conflict is a natural part of life‚ some conflicts have a positive outcome‚ other times conflicts have a negative outcome‚ but the best way to get through it is with a positive attitude. Negativity is the number one enemy that is against positivity
Premium Thought Psychology Optimism
Group Name Expand the boxes to accommodate your answers‚ but not more than 2 pages in total for this journal. Note there are no correct answers. Please aim to be as forthright as possible in your responses. 1. Do you feel the final group submission was an improvement over your individual draft report? Explain your answer. The final group submission is definitely an improvement over my individual draft. Because the draft is just a general idea about our assignment without any further
Premium Finance Investment Management
What do I hope to achieve in my life In my life I want to achieve many things. In the next ten years I see myself going to college and graduating becoming a successful engineer. I will go through many step and obstacles while trying to achieve what I want to do. My strengths fit right into my goal and will end up helping me achieve this. Once I put my mind to something I believe that I can achieve anything. The way I plan to achieve my goal is by attending such universities such as Yale or Harvard
Free Goal Goal setting Management