Q1. The business of business is business: Does the maximaization of shareholder value reward socially destructive actions by corporations?Certainly not.A company is not an instrument of shareholders‚ but a coalition between various resource suppliers‚ with the intention of increasing their common wealth and hence is contradictory to Mr Al Dunlaps view of share holder primancy. Through out his tenure at Sunbeam‚Al Dunlap’s advocated profit by firing many employees and shutting down many factories
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“Chainsaw Al Dunlap”: A New Breed of Manager? West Point graduate Albert J. Dunlap‚ former chairman and CEO of Scott Paper Company‚ claims that the U.S. Military Academy made him “tenacious and very organized”. Others say his experience gave him an “inyour-face attitude rare among executives” and made him a valuable hired gun for straightening out troubled companies. Dunlap is known to attack and challenge nearly every premise and person that gets in his sight. Those who interfere with his efforts
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MEMORANDUM DATE: September 14‚ 2011 SUBJECT: Al Dunlap at Sunbeam analysis Introduction This memo will reflect on and analyze the decisions of the Sunbeam Board of Directors during Albert Dunlap’s tenure as CEO. This analysis will include an overview of Sunbeam’s goals‚ evaluation of 1996 – 1997 and 1998 compensation package‚ assessment of the firing decision by BOD and the overall governance of the BOD. Sunbeam’s Goals Dunlap is famous for his ruthless but seemingly successful turnaround techniques
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In the investigation of the various characteristics and styles of leadership the emphasis of the style approach is the focus on the actions and behavioral characteristics of the leader. There are two behaviors of the style approach that researchers have observed: task behaviors and relationship behaviors (Northouse‚ 2007). People who are in roles of leadership should possess both behaviors to be successful in their position and maintain motivation and the quest for achievement in their subordinates
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1. How would you explain Rex’s leadership style interms of one or more of the approaches discussed in the book? If we want to explain Rex’s leadership style interms of the Blake & Mouton leadership style‚ we see that Rex’s leadership style is in 9.1 part of the Blake & Mouton model which is called Authoritarian. Authoritarian or Produce or Perish Leadership – High Production/Low People: Also known as Compliance Leaders‚ people in this category believe that employees are simply a means to an
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Motivation Approach Schultz’s leadership style revolves around gaining the trust‚ admiration and motivation to other people who in turn repay in working harder. Schultz also understands people’s needs and in accordance to the Maslow’s hierarchy‚ Schultz satisfies 3rd‚ 4th and 5th band with his transformational leadership style. Motivation is a vital factor for business in the process of making their production. Labours are not working machine‚ so that they can not always do the same affairs with
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who studied the personality and characteristics of leaders. The model states that there is no one best style of leadership. Instead‚ a leader’s effectiveness is based on the situation. This is the result of two factors – "leadership style" and "situational favorableness" (later called "situational control"). Fiedler created the least preferred co-worker (LPC) scale‚ where a leader is asked what traits can be ascribed to the co-worker that the leader likes the least. The model says that task-oriented
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Personal leadership is an ability and optate to pictures your cerebrations and to distribute a right way and destination for your own life. It additionally includes the stoutheartedness‚ cull‚ and commitment to move towards the direction by taking responsibility and action to acquire‚ accomplish‚ or become whatever you visualize for your future. Predicated on the above assessment implements‚ my personal leadership values are vert high in According to my results‚ it designates that my leadership style
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Case Study “Al Dunlap at Sunbeam” Response to Dunlap’s view of shareholder privacy I don’t agree with Dunlap’s view that shareholders are the only constituencies about which corporate directors and executives should be concerned. In light of agents’ obligations to principals‚ managers are supposed act in the best interest of the company’s shareholders‚ the major capital providers‚ when making decisions; however‚ as shareholders and stakeholders interests are to a large extent compatible‚ especially
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Leadership: A Personal Approach MGMT312 Leadership and Motivation American Military University 19 July 2013 Defining a personal leadership philosophy is a process that requires a significant amount of time‚ self-evaluation‚ and self-discovery. A leadership philosophy is the set of ideals‚ values‚ and processes that a leader incorporates into their leadership style. Every leadership philosophy is tailored to an individual and can be modified and enhanced over time.
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