Develop Work Prop Essay Example | Topics and Well Written Essays - 2000 words

Develop Work Prop - Essay Example It is important that customer's are kept in good humor by being in regulat touch with them and updating them about the latest on their orders. Customers, if taken in confidence, do take the occasional delays in their stride. Delegation of power to suitable and capable subordinates is very crucial for smooth functioning of any organization. Reassigning the responsibilities in such a manner that if someone is not in a position to come to office for couple of days then there must be a stop gap arrangement who can take over the responsibility and the overall functioning doesn't come to a halt. For example Jose himself is feeling overburdened already therefore he must stop insisting that all communication about the installation was routed through him. Ans 3: Action Plan for Jose Goal Action/ tasks Standard applied Who Date Change in Attitude A motivated manager Behavior monitoring Jose Sept 1, 2006 Fine tuning relationship with others A cohesive team formation Team management Jose and other team members Sept 10, 2006 A good leader Leadership Training: A leader owning responsibility for failures while distributing the credits for success Leadership skill and respect from other members Jose Oct. 17, 2006 Action plan for Jose's Team Goal Action/ tasks Standard applied Who Date Mutual respect Start respecting each other's viewpoints Behavior monitoring All team members Sept 1, 2006 Fine tuning relationship with others A cohesive team Team management Jose and other team members Sept 20, 2006 Meeting deadlines All orders to be completed within the deadline The team output Team Oct 5. , 2006 Clearing the backlog All delayed projects to be completed Team output as well as customer's goodwill Team As soon as...A person not having a title/ post of manager is also supposed to manage the things. If someone thinks that only 'manager' has to manage that means either he is running away from responsibility or he is not skilled enough to manage. Jacinta is good in scheduling technique so, instead of, discouraging and suppressing her ability, Jose must try to make good use of her scheduling expertise. This will have a positive impact on the outcome of Jose's section, which in turn will enhance the reputation of Jose - the Manager. It is important that customer's are kept in good humor by being in regulat touch with them and updating them about the latest on their orders. Customers, if taken in confidence, do take the occasional delays in their stride. Delegation of power to suitable and capable subordinates is very crucial for smooth functioning of any organization. Reassigning the responsibilities in such a manner that if someone is not in a position to come to office for couple of days then there must be a stop gap arrangement who can take over the responsibility and the overall functioning doesn't come to a halt. For example Jose himself is feeling overburdened already therefore he must stop insisting that all communication about the installation was routed through him. 1. Jose has to realize that he is a 'Manager'. And a manager is responsible for making 'things happen'.

The Libor Scandal Assignment Example | Topics and Well Written Essays - 1500 words

The Libor Scandal - Assignment Example Its use affects the pricing of loans, mortgages and other financial products thus directly affecting the people’s lives. This paper will therefore attempt to examine the process and the purpose as well, of how commercial banks set and determine the LIBOR rates. It will further explore the role of LIBOR in the commercial sector, and finally consider the impact of this rate on businesses and consumers. It is paramount to understand the meaning of the word LIBOR. In definition, LIBOR refers to the London Interbank Offered Rate. It is also referred to as ICE LIBOR. It can also be understood as a rate used by contributor banks in the event that one bank wants to borrow funds or inter-bank deposits, from another fellow member bank. Contributor banks refer to banks, which are involved in the setting and fixing of LIBORS. They include the Deutsche bank, Bank of America, Royal Bank of Canada, and the Royal Bank of Scotland. The LIBOR is thus a benchmark rate that some commercial banks in the world use to determine the rate at which they will lend short-term deposits to each other. It can be equated to the federal funds rate (Gumbo, 2011:23). The LIBOR, whose administration is under the ICE Benchmark Administration, is usually based on the five major currencies of the world. These are the United States dollar, the Euro, the sterling pound, the Japanese Yen, and the Swiss Franc. In order to understand well the process and why banks set their LIBOR rates, it is crucial that we briefly look at the circumstances that led to the formation of this rate. The history of LIBOR is traced back to the year 1984 although its first application in the financial and money markets was not until the year 1986 (Twomey, 2011:52). In the 1984, there was an increased growth in business using financial market instruments. More and more banks were increasingly using