The law of diminishing returns only applies in the Short Run‚ when only one factor of production is variable and can be increased. The other factors of production are fixed. Thus as the variable factor of production is increased the marginal product of that factor will rise at first‚ but will at some point begin to fall. Returns to scale can only occur when no factors of production are fixed. If the quantities of all of the factors of production are increased‚ then output will also increase. However
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research at nearly 200 large‚ global companies‚ Coleman found that while the qualities traditionally associated with leadership-such as Intelligence‚ toughness‚ determination‚ and vision-are required for success‚ they are insufficient. Truly effective leaders are also distinguished by a high degree of emotional intelligence‚ which includes self-awareness‚ self-regulation‚ motivation‚ empathy‚ and social skill. These qualities may sound "soft" and unbusinesslike‚ but Coleman found direct ties between emotional
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Rita Sobhy Discussion #16 Dalton Conley talks about the sect-church cycles in “You May Ask Yourself”. She separates the term sects and churches. According to her book sociologist consider different religious organizations as churches or sects. She states “churches are religious bodies that coexist in a relatively low state of tension with their social surroundings. They have mainstream‚ safe beliefs and practices relative to those of the general population.” Conley 644. She basically says that
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Business Review 1717 Kellerman.indd 84 | December 2007 | There is no leader without at least one follower – that’s obvious. Yet the modern leadership industry‚ now a quarter-century old‚ is built on the proposition that leaders matter a great deal and followers hardly at all. Good leadership is the stuff of countless courses‚ workshops‚ books‚ and articles. Everyone wants to understand just what makes leaders tick – the charismatic ones‚ the retiring ones‚ and even the crooked ones. Good
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perfect and beginning the work of becoming yourself’’- Anna Quindlen Richard Rodriguez reflects on the complications of balancing life as a successful student and the life in a waged class family. As he matured‚ Richard was trying not to be perceived as the stereotypical student coming from an immigrant/working class family. In his early ages upon starting school‚ Richard knew how essential achieving an education was. His parents also understood how hard it was to get by with very little schooling
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Distinguish between a liability and a environmental liability. Is there any difference in the principle? A liability is a present obligation of the enterprise arising from the past events‚ the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits whereas An environmental liability is an obligation to pay future expenditures to remedy environmental damage that has occurred because of past events or transactions‚ or to compensate a
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Daniel Akst‚ in his essay “Saving Yourself”‚ discusses the need for thrift during the U.S. economic recession. According to Ackst economist Thorstein Veblen developed the theory of conspicuous consumption while economist Simon Patten promoted consumer spending and capitalism as tools of social change. Thrift declined following World War II and the Great Depression due to the promotion of spending as a way of strengthening the U.S. economy. Akst discusses how purchasing second-hand items may be
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and every now and then one leader is replaced by another‚ it is very challenging to come to an knowing of how multinational companies succeed over domestic companies and private firms and moreover how leaders are born and how can they cause by example indicating the most crucial of responsibility as well as dealing with adversities. However we can come to a better understanding when we look from different levels of the organisation or simply understanding who are leaders by observing their relationship
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Am I a Leader? Leaders are charismatic‚ inspirational‚ and trustworthy. They have a vision. They are good communicators‚ good listeners‚ good problem solvers‚ etc.‚ etc. Look up the word “leader” or “leadership” and you will find a list of traits or attributes that make someone a leader. I don’t argue that good leaders possess some of these characteristics and skills. But‚ that is not what actually makes someone a leader. You are a leader if someone else chooses to follow you. Period! There are
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Developing the Leader in You Melissa Brooks Abstract Aristotle’s philosophy on leadership states‚ “Men make themselves leaders by performing acts of leadership”. This paper is written to bring forth a better understanding of leadership development. Following the understanding‚ will be an explanation of key factors that are salient to leadership‚ and why it must be covered. Great insight will be brought forth in elaborating on ‘collaboration’ as the key to developing great leaders. Life experiences
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