products provided by more than one supplier‚ involves multiple expertise‚ and costs tens of millions of Rands. If a transformer fails‚ the cost of rectification can go as high as over 70% of the price of a new one. By so saying‚ risk management and contingency planning plays a key role in the management of such a project. In this report‚ the need and process of risk management as well as the types of risks in relation to the power transformer project are discussed. 2. PROJECT BACKGROUD A power transformer
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Leaders are born‚ not made”. Do you agree or disagree with this statement? Can all managers go on to be a leader? Explain. For several years‚ the concern whether leaders are born or made is an issue of great controversy. From different opinions however‚ it could be a little bit of both hence proving that any manager can go on to be a great leader as well. Among other definitions‚ Maxwell (1993‚ p.11) has defined leadership as an ability to influence others. He also defined a leader as a person
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There have been three different models developed in modern policing which are intended to address some of the shortcomings within the police system. In the following paragraphs‚ I will analyze‚ compare and contrast the effectiveness of two of these models. These are‚ community policing and intelligence-led policing. David Phillips initially devised intelligence-led policing‚ community policing was a joint effort between John Alderson and Robert Trojanowicz. I will first explore the reasons that motivated
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Research has shown that major cultural differences exist between Western and Asian cultures and this essay seeks to show that adapting a leadership style preferred by that culture will attract the greatest number of followers. This essay will also demonstrate that the key characteristics of successful entrepreneurs are consistent amongst Western and Asian entrepreneurs. Firstly culture will be defined using the four dimensions as detailed by Geert Hofstede. These will be illustrated using a comparison
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6‚ 2012 www.iiste.org Two-Tier Corporate Governance Model for Pakistan Safdar Hussain Tahir1* Hazoor Muhammad Sabir2 Adnan Arshad1 Muhammad Anwar ul Haq1 1. Department of Banking & Finance‚ Government College University‚ Faisalabad‚ Pakistan. 2. Department of Economics‚ Government College University‚ Faisalabad‚ Pakistan. * E-mail of the corresponding author: safdartahir@gmail.com Abstract The main purpose of this study was to formulate a model of corporate governance suitable
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Contingency Approach to Management Published on March 20‚ 2007 by NIKMAHAJAN in Business and Society Comments (26)|39 Liked It The contingency approach believes that it is impossible to select one way of managing that works best in all situations like promoted by Taylor. The contingency approach believes that it is impossible to select one way of managing that works best in all situations like promoted by Taylor. Their approach is to identify the conditions of a task (scientific management
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Identify and describe three strategies you can use to manage your time. Create a Prioritised to do list. To do this‚ first you must identify the goals or current tasks and list them. Then you must prioritise them on a scale of 1 to …. (1 as the most important)‚ considering urgency and difficulty. Create a work Schedule. This is a list of tasks that have all been allocated a timeframe in which to be completed or contributed to. These schedules can be reviewed and also set out on a daily‚ weekly or
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Transactional Leader as the word implies business or exchange. Burns‚ 1978‚ opined that a transactional leader is someone who leads though social exchange. It is a process that I simply call trade by batter‚ you do this for me‚ and you get that in return. A politician can be a transactional leader when he seeks to exchange one thing for another i.e. making promises and pulling through with the promises after an election. Also most business leaders are seen as transformational when they give out incentives
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always depend on the individual‚ their perceptions‚ their needs and their beliefs. When a person’s perception is skewed‚ their needs high and their belief of what can be done that is when trying to motivate them in another direction is difficult. A leader is able to meet someone where they are‚ understand their perceptions‚ needs and beliefs and guide them into a new understanding in order to meet their needs and ultimately change their beliefs; in order to motivate them. Maslow’s Hierarchy of Needs
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Describe and evaluate at least two biological treatments for schizophrenia Biological treatments arise from the medical model of abnormal behaviour‚ which considers mental disorder to be an illness of disease resulting from underlying biological factors. Most people with schizophrenia receive some form of drug therapy. Drug therapy is the most common treatment‚ using antipsychotic drugs. Antipsychotic drugs aims to help patient function as well as possible and increasing patient’s feelings of well
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