IQ and technical skills are important‚ but emotional intelligence is the sine qua non of leadership. What Makes a i Leader? BY DANIEL GOLEMAN E (VERY BUSINESSPERSON knows a story about a highly intelligent‚ highly skilled executive who was promoted into a leadership position only to fail at the joh. And they also know a story about someone with solid-but not extraordinary-intellectual abilities and technical skills who was promoted into a similar position and then soared.
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alternatives. The firm allocates or budgets financial resources to new investment proposals. Basically‚ the firm may be confronted with three types of capital budgeting decisions i) the accept/reject decision‚ ii) the mutually exclusively choice decision and iii) the capital rationing decision. i) Asset – reject decision: This is a fundamental decision in capital budgeting if the project is accepted; the firm would invest in it. In general‚ all those proposals which yield a rate of return
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Professor Keith Morton September 15‚ 2013 The Cost of the Decisions We Make For every course of action that one takes in life‚ there is a cost associated. This cost may be large or small but one can weigh this cost with the alternative before he or she makes any decision. In the essay‚ “The Price of Crossing Borders” written by Eduardo Porter‚ the concept of understanding that there is a price for everything is conveyed. There is no decision that is made or path that is taken that comes without some
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BEST OF HBR 1998 It was Daniel Goleman who first brought the term "emotional intelligence"to a wide audience with his 1995 book ofthat name‚ and it was Coleman who first applied the concept to business with his 1998 HBR article‚ reprinted here. In his 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
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Solution : TYPES OF DECISION MAKING WITH AN EXAMPLE Irreversible These are type of decisions‚ which if made once cannot be undone. Whatever is decided would then have its repercussions for a long time to come. It commits one irrevocably when there is no other satisfactory option to the chosen course. A manager should never use it as an all-or-nothing but instant escape from general indecision. Reversible These are the decisions that can be changed completely‚ either before‚ during or after the
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The film “How to Make Better Decisions” was quite interesting. The beginning of the film highlighted how based on science‚ it shows that the decisions we make are bad. We assume that we have a strong awareness of our choices and the reason why we do certain things. I agree with that because every time I make a decision‚ I always think that I know what the outcome would be‚ but really I am only making a decision based on my emotions and I am only assuming to think the outcome will be great. When
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❯ ● Operations management is the activity of managing the resources which are devoted to the creation and delivery of services and products. It is one of the core functions of any business‚ although it may not be called operations management in some industries. ● Operations management is concerned with managing processes. And all processes have internal customers and suppliers. But all management functions also have processes. Therefore‚ operations management has relevance for all managers. ❯
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What makes a leader or manager exceptional and why are there so few of them? “I suppose leadership at one time meant muscles; but today it means getting along with people.” Mahatma Gandhi (1869-1948) From ancient times‚ when people just started living in groups and organizing communities‚ they have been choosing a man who would take responsibility to lead them. In other words‚ they needed someone who would coordinate their lives and work‚ so they would survive not only as individuals
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Daily Life in the United States 1920- 1940 The era between 1920 and 1940 was filled with a multitude of challenges from wars‚ governmental reforms‚ to the great stock market crash. But within these difficult times‚ was born several significant inventions that would change the way of life for all Americans. Among those of most importance were that of the automobile‚ the radio and electricity. The automobile drastically altered the way people lived and worked by allowing Americans the freedom
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MAKE OR BUY? – THE CHOICES When firms face a “make-or-buy” decision‚ it means that they have to choose whether to insource a particular production process or service or to outsource it to a third party. The word “insourcing” stems from the union of the words “inside resource using” and indicates the “use of internal labor‚ personnel and resources to supply the operational needs of the enterprise” . A firm can decide either to insource –i.e. to produce in-house- a production process or a service
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