3-Year Marketing Plan Essay Example for Free

3-Year Marketing Plan Essay Introduction In order that we continue our company’s financial growth, we need to branch out into new product lines. A study was performed to consider our entrance into the pet supply market. We have developed a new single product for that purpose. It is a Cordless Automatic Nail Trimmer for dogs and cats. The findings of this study are in this presentation. Our numbers are conservative. The potential for success is high. We are Company G are always looking forward to find and implement new lines that will complement our Mission statement, and our bottom line. This is our next opportunity introduces Company G and the product or product line that you are writing this marketing plan about. Mission Statement â€Å"We enable consumers to improve the quality and convenience of their lives by providing innovative electronics solutions.† See more:  Masters of Satire: John Dryden and Jonathan Swift Essay Product Description and Classification The Cordless Automatic Nail Trimmer for Dogs and cats will be our first entry into the world of pets. This product uses a sensor to find the quick (the bundle of nerves and blood vessels) on a pets nail, then adjusts to a spot just below it. It trims the nail, rotates to the next nail, and repeats the process, until trimming each nail on the paw. Simply remove the paw, and continue on each paw until done. Our trimmer will avoid the pain of cutting the quick with bleeding. It will not cause discomfort for the animal associated heat build up from electric nail trimmers. This product will allow anyone from novice to professional to trim a dog or cats nails to perfection. Rather than making an appointment, going to the local pet groomer, paying $7 to $25 (before tip), or big box, a pet owner can trim their pet’s nails at home. If the owner would rather have the nails done, they can have their groomer use our tool, giving the pet owner peace of mind, knowing their pet will not suff er any pain. Consumer Product Classification Consumer Factors Planning time involved in purchase Purchase frequency Importance of convenient location Comparison of price and quality Considerable Infrequent Important Considerable Shopping Products Specialty Products Shopping Products Shopping Products Marketing Mix Factors Price Importance of seller’s image Distribution channel length Number of sales outlets Promotion Relatively high Very important Relatively short Few Personal selling and advertising by producer and seller Shopping Products Shopping Products Shopping Products Shopping Products Shopping Products Target Market The target market is between the ages of 30 and 45 with busy lives, looking to save time and money. Their incomes would be greater than $60K. This will include professionals, as well as working couples. We will target both existing dog or cat owners, as well as new entrants to pet ownership. Competitive Situation Analysis Analysis of Competition using Porter’s 5 Forces Model Competitive Rivalry Today are no direct competitors. We are entering an existing market, with a completely new technology. The closet rivalry is the electric trimmer, produced by Dremel Tools and Oster Company. These products do NOT have the features we have. They do not compare in experience. There is no threat at this time. Threat from New Entrants We have the threat from two outside entrants to create a knock off version of our automatic nail trimmer. The two companies that could attempt to enter the market are Dremel Tools and Oster Company. The threat to us is medium for a few reasons. We will patent our trimmer, which means that they will have to start with our product, and then develop modifications, to avoid patent infringement. Both companies’ current products use a different kind of technology. They are grinders and do not have any quick detection apparatus’. While Dremel Tools has been in the pet trimming market for some time, they only modified the grinder used for woodworking and other craft projects. This would be a departure from their core competency. This is the only venture by Oster Company. They a relatively new to the market, It isn’t likely that they will put more R and D dollars into a second pet product at this time. Threat from Buyers There is no threat to us from buyers. Pets must have their nails trimmed on a regular basis, or they can suffer pain and / or health issue. The owners of these pets are responsible to maintain their pets’ nails. With the addition of our safe, reliable, easy to use product added to the market, buyers have all of the options they could want. At our price point, they would not consider creating a similar product. It is an infrequent purchase for them. We will also establish a blog site to give our customers an opportunity to help us determine if they desire any additional features. Threat from Suppliers There is very little threat to us from our two suppliers. Vendor A is supplying us with the heat-sensing component to our trimmer. The device they are producing for us helps to expand their bottom end line of heat sensors. This represents a 10 percent addition to their offering. The main customers for Vendor A is the Armed forces, who buy heat sensing devices for airplanes, tanks, and vision goggles for ground troops. They do not have the infrastructure to build a product such as ours. They would not take on the capital expense to enter this type of manufacturing. They do not have any retail, on-line, distribution experience, or presence. Vendor B who supplies us with the stainless steel blades are in a similar situation. Their main customer is the medical, surgical industry. Vendor B manufacturers high end surgical blades, knives, as well as blades for men’s razor blades. Our product represents a new product in between in quality. It is not significant enough for Vendor B to start an entirely new type of product for them Threat from Substitutes In the current market, there are threats from substitutes.  People not using our product can use manual nail clippers, grinders, or pay someone else to trim their pets’ nails. The threat to us does not exist. All pet owners are currently using one of these venues today. With the quality, ease of use, time and money savings, and cruelty free aspect of our trimmer, virtually nobody will revert to these substitutes. SWOT Analysis Before we risk our profits or our brand value, we took a critical look both internally, and externally. The intent is to consider how we can leverage the positives, improve on our weaknesses and prepare for outside threats. Here are the findings. STRENGTHS *indicates core competency Financial health* Efficient manufacturing Brand Reputation* WEAKNESSES Lack of training Lack of Distribution network Never advertised pet products OPPORTUNITIES Pet ownership on steady rise Personal time on decrease Economy is increasing expendable income THREATS Possible newer technology Economic downturn Heat sensor supply issue Strengths Financial health is one of our core competencies. We have a very low debt-to-equity ratio, combined with a credit rating. This gives us the flexibility to create initial inventory and cover the typical start-up costs related to a new product line. Brand reputation, another core competency, means that we are already in the homes of many of our targeted customers. They know we produce high quality, well designed, products. Our brand is a trusted name nationally. Efficient manufacturing is another of our strengths. It allows up to produce our goods at a lower total cost compared with competitors. We run our production lines quickly, with little waste, or re-work. This helps for reliable batch production, and very few quality / defects issues in the field. Weaknesses Lack of training for our production line associates is a potential issue. Production will be slower, risks quality compliance, and will cost more per unit compared to our established lines. Lack of advertising relationships within the pet market is another weakness. We do not advertise at all aimed at pet owners. We do not understand what the costs are, compared to our other product lines. We will not be able to bundle the new lines advertising with our other lines, for a volume discount. Our sales force is not equipped to demonstrate our new product line. We will need to higher trainers, and new sales people that are specialists specific to the new line. Opportunities The economy is on an upward trend. As wages increase, so does expendable  income. This allows people to purchase pets, supplies, and services. This applies for either new or existing pets in the household. Personal time is on the decrease. Wage earners are spending more time working. Parents are spending more time driving their school-aged children to sports, music lessons, and dance classes, etc. These parents will also attend the events surrounding the activities. Taking Fido to the groomer and picking him up later is another time eater. Being able to trim nails effortlessly, in your own home, on your own schedule has a good deal of appeal. Pet ownership is on the rise. In 2013, there were 82.5 million pet owners in the United States. This number is expected to rise to 92 million by 2018. In 2013 $4.4 billion dollars were spend on grooming and boarding. In 2014 sales rose to $4.7 billion, a 7% increase. This is a growth industry. Threats Economic downturn could become a possible threat. As expendable income dwindles, pet owners could potentially purchase less expensive nail trimmers. They could also choose to go to a groomer, but do so less often as a money saver. A supply issue could threaten our ability to produce our product. A shortage of the heat sensors could become an issue. If our vendor chooses to increase the price of the sensors could become an issue as well, reducing our margin to an unacceptable level. Development of a newer technology is a threat. A competitor, on a new company could start making the next generation of automatic trimmers. Dependent on the features, or price, we could lose market share. Market Objectives Product Objective Sell 100K units by 12/31/2016. Price Objective Achieve a profit of $500K by 12/31/2016. Place Objective Have our product on the shelves of 2 national chains, and in 200 independent retail pet supply stores by 9/15/2015. Have an on-line presence by 9/1/2015. Promotion Objective Our objective is to have 250K hits on you-tube demonstration by 1/1/2016 and 100K hits on our website specific to the new product line by 6/1/2016. Marketing Strategies This section will introduce you to the particular strategies, which will assure that we achieve our objectives. You will find them well thought out and comprehensive. We took the necessary time to be confident that they are inter-related and logical, using previous tactics which have been successful here at Company G. Product Strategies Packaging – use our trusted XG logo and recognized style of packaging. Great Warranty – offering a two-year warranty, this is better than current electric trimmers in the market. This is in line with our warranty for other product lines in our assortment. Dedicated Help Line – have a 24/7 help line specific to this product line. It will give advice, answer questions, and take care of issues that arise for customers. Price Strategies Market Pricing Skimming pricing of $89.99. Good Terms – we will give 2% net 30 days pricing to our distributers. Advertising Allowances – $5 per unit sold for preapproved advertising campaigns. We will require proof of sales and give credit within 30 days of campaign end date/ Place Strategies Retail Stores – 2 National chain stores and 200 local pet stores based on their sales. Web presence – We will sell through Amazon.com, as well as on our web site. Quick shipping – We are going to use Amazon’s distribution Centers to ship to retail stores and directly to customers. This will be the most efficient use of our finished goods inventory. Promotion Strategies Personal selling – We will provide demonstrations at dog shows. Social media – We will have a You-tube presence, and a Face book presence. Discount / Donation – We will give customers a $5 discount and donate $5 to the Humane Society for the first 50K units sold. Explanation of Strategies These strategies are a combination of approaches. We are going to use our strong brand name and recognition to take advantage to the consumers’ trust.  If they compare our product to Dremel or Oster’s trimmer, they will see we give them a superior warranty. We will get our product in front of millions of potential customers at dog shows. There are dog shows of various types happening every week across the United States. The retailers that we target will get good financial terms, along with our strong brand name. Our you-tube presentation will prove to customers just how easy and safe our trimmer is. We will also appeal to the good nature of pet owners will our donation to the Humane Society. Tactics and Action Plan In order to assure our success we need to put specific tactics in place. They need a due date and responsible party, so anyone in the process can see if we are adhering to our timeline. We know whom to ask about any given tactic as well.

Artificial Intelligence in Healthcare

Artificial Intelligence in Healthcare ABSTRACT Artificial Intelligence (AI) is the intelligence exhibits by machines. AI enable machines to think and solve problems somehow human-like and act or perform in human-like manner. AI is incomparable with human intelligence. However, AI can be implemented in humans’ daily lives to aid them with complicated tasks. One of the human intelligence issues is having barriers in performing good decision making. The aspect in decision making is also applied in a few AI field such as healthcare and robotics which will be discussed further in this paper. INTRODUCTION Technology is emerging day by day where people are hunger for more sophisticated technology to aid them or give them new perspectives or knowledge. Artificial Intelligence or commonly abbreviated as AI is the intelligence shown by machines or software, which usually involves human-like intelligence. It has become an academic field of study that focused on creating intelligence. The term â€Å"Artificial Intelligence† was coined by late John McCarthy of Stanford University in 1956 and after two years, he published his paper which regarded by many as the first one on logical AI (Bogue, 2014). Alan Turing, a British mathematician, cryptanalyst, computer scientist and biologist, proposed a test called Turing test to determine the machine’s ability to displays intelligence. The test requires a human judge to have natural conversations with a human and a machine that is designed to produce human-like performance. If the judge is failed to distinguish which one is human and wh ich one is machine, the machine is considered showing intelligence. CASE STUDY HUMAN INTELLIGENCE IN DECISION MAKING Human intelligence is considered as the most powerful tools in decision making. Definition of human intelligence is that a person has the intellectual capacity of a human, which characterized by perception, consciousness, self-awareness as well as volition. Through their intelligence, humans possess a cognitive ability to learn, form concepts, understand, apply logic and reason. The abilities also include the capacities to recognize patterns, comprehend ideas, plan, solve problem, make decisions, retain and use language to communicate. Intelligence enables humans to experience and think, while decision making can be viewed as cognitive methodology used to determine a conviction or a blueprint among a few options of conceivable outcomes. Each decision settling on procedure delivers a last decision that could possibly provoke activity. Choice or decision making is the investigation of recognizing and picking choices focused around the qualities and inclination of the chief. Decision ma king is one of the focal exercise of administration and an immense piece of any methodology of usage. ARTIFICIAL INTELLIGENCE IN ROBOTICS Application of AI as the most significant and exciting field in robotic development had been argued by many industrial commentators. AI technology has the potential to play a role in a diversity of robots including companion and caring robots such as autonomous land, sea and air vehicles, humanoid types, search and rescue robots, swarm robots, military robots and robotic toys. The element of AI have a role to play for instance dexterous manipulation, autonomous navigation, machine vision, speech recognition, pattern recognition and location and mapping (Bogue, 2014). Humanoid robots and autonomous, mobile robots are two field of robotic that represent the greatest number of AI concept. Honda’s Asimo, humanoid robot is a result of two decades of research in humanoid robotics by Honda engineers. Asimo has the ability to recognize moving objects, gestures, postures, sounds, faces and interact in a human-like manner. Figure 1 Honda’s Asimo The purpose of developing robotic vehicles and autonomous mobile robots is to conduct specific tasks such as search and rescue operations. A robotic vehicle called â€Å"Stanley† is developed in 2005 at Stanford University has won the Defense Advances Research Projects Agency (DARPA) Grand Challenge by driving autonomously for 131 miles along a trail that the vehicle never gone through before (Bogue, 2014). In the conference of the Robotic Industries Association (RIA) in November 2006, John Felice, VP Manufacturing Technology and Global Enterprise, Chrysler Group discuss the manufacturing challenge facing Chrysler. Reducing costs while remain competitive in the business is the obvious challenge. However, the main problem arises from the increasing number of car model and the frequency of model changes. These changeovers are time consuming and could cost millions of dollars. John Felice proposed that robotic is the key to solve the problem (Wilson, 2006). Major companies should enhance their research team to applied AI element in industrial robotics. ARTIFICIAL INTELLIGENCE IN HEALTHCARE The advancement in machine engineering has swayed the scientists to create programming with the purpose of aiding specialists in settling on choice without counseling the authorities specifically. The software development misuses the capability of human brainpower, for example, reasoning, making choice, adapting (by encountering) and numerous others. AI is not a new idea, yet it has been acknowledged as an issue innovation in software engineering. It has been connected in numerous ranges, for example, instruction, business, therapeutic and assembling. In most creating nation’s deficient of medicinal pro has built the mortality of patients, experienced different infections. The deficient of restorative pros will never be overcome inside a brief time of time. The establishments of higher learning could be that as it may, make a prompt move to deliver whatever number specialists as would be prudent. In any case, while sitting tight for understudies to end up specialists and the s pecialists to wind up experts, numerous patients may already die. Current practice for restorative treatment obliged patients to counsel master for further analysis and treatment. Other therapeutic specialist might not have enough mastery or experience to manage certain high-hazard sicknesses. In any case, the delayed period for medicines typically takes a couple of days, weeks or even months. When the patients see the specialist, the ailments may have officially spread out. As the greater part of the high-hazard sickness could just be cured at the early stage, the patients may need to languish over whatever remains of their life (Ishak Siraj, n.d). Machine program known as Medical Decision-Support System was intended to help well-being experts settle on clinical decision (Shortliffe, 1987). The framework manages medicinal information and learning area in diagnosing patients’ conditions and suggesting suitable medicines for the specific patients. Patient-Centered Health Information Systems is a patient focused restorative data framework created to aid checking, overseeing and decipher understandings medical history (Szolovits et al., 1994). Likewise the system gives support to patient and therapeutic specialist. The system serves to enhance the quality of medical choice making, builds patient consistence and minimizes iatrogenic illness and medical errors. In medical, communication is critical as new data or new revelation is the key for the future survival (Shortliffe et al., 2000). In expansion, communication helps specialists sharing their insight or expertise (Detmer and Shortliffe, 1997). As an example, a pro from Sy dney can give on-line therapeutic aid to specialist at Kuala Lumpur who is treating a patient that suffers from serious cancer problem. An alternate specialist from other nation, for example, United Kingdom can impart his experience managing the same cases. Communication between specialists or expert from other area helps specialist at Kuala Lumpur diagnosing his patient and gives appropriate treatment. Figure 2 Example of communication between specialists (Information Sharing) For example, AI is implemented in Healthcare is Remote Monitoring Of High-Risk Patients Using Artificial Intelligence by using strategy and framework for remote monitoring of high-risk patients using artificial intelligence. A majority of high risk patients can be at the same time checked without patient intercession. A patient hears questions in the specialists voice at each monitoring encounter and responds. The patients reactions are recorded at a remote focal monitoring station and can be examined on line or later (Langen, Katz, Dempsey, Pompano, 1993). Artificial intelligence (AI) and voice technology (DECvoice) are consolidated to present to the patient, during an observing session or experience, questions which would be chosen from a majority of distinctive recorded inquiries. Inquiries to the patient are picked utilizing AI, in light of the patients reaction, by parsing. The screen could take a few structures, for example, for e.g., uterine action strips, glucometers, blood pressure cuffs, pulse monitors, electroencephalographs, and so forth. Four phone lines are committed to every patient, one for the screen, one for the voice, one as a backup and one to sense failures. Dual tone matrix frequency signals (DTMF) may be utilized for transmission of checked signs and other data which can be perceived by Decvoice, which is yet one sample of the voice engineering which can be utilized (Langen et al., 1993). The Artificial Intelligence framework is determined by an easy to utilize Natural Language interface which guides the Voice framework to send (speak) appropriate questions, perceive (listen for) the patients answers, update the patients database, direct the telephone-patient monitoring, and advise the HMO office regarding discriminating patient conditions. The data obtained from the patient calls is accessible to the therapeutic specialist on both a real-time basis when the calls are being made, or on an ad-hoc basis after the calls are logged (Langen e t al., 1993). Figure 3 Example Remote Monitoring Of High-Risk Patients PROS IN BOTH ARTIFICIAL INTELLIGENCE AND HUMAN INTELLIGENCE Experts and scientists are eager in making machines which can copy humans’ intelligence. Somehow, AI shows undeniably great performances, in some cases even better than a human being. AI advantageously has tireless performance by doing tasks without feeling tired, unlike human. AI also provides more logical decision-making, which is very useful in some cases. Completing task also easy as AI is like a false mind, taught to do specific jobs. Human intelligence have barriers to get make a good decision-making. According to Dr. Edward Russo and Dr. Paul J. H. Schoemaker, a simple method have been produce to avoid the decision barriers faced by human intelligence and can be categorized into four main element. The first element is framing which is organizing the inquiry where this implies characterizing what must be chosen and deciding in preparatory way what criteria would make us incline toward one choice to an alternate. Another element is gathering intelligence by looking for bot understandable actualities and sensible evaluations of â€Å"mysterious† that we will need to settle on the choice. Third element would be coming to conclusion where sound framing and good intelligence do not guarantee a wise decision. Humans simply unable to consistently make good decisions using seat-of-the-pants judgment alone, even with excellent data in front of them. Humans need to learn from the feedback that they have acquired whi ch is the last element for a good decision-making. Everybody needs to create a framework for gaining from the consequences of past choices. This normally means staying informed regarding what is expected to happen, intentionally guarding against serving toward self-clarifications. CONS IN DECISION-MAKING OF HUMAN INTELLIGENCE AND ARTIFICIAL INTELLIGENCE’S PERFORMANCE Good decisions are hard to make and there are several barriers that occurs when a person or people trying to make or find good decision. A good decision-maker must, consciously or unconsciously go through each phase of decisions making process (Westernberg, 1993). As in the aspect of human intelligence, one of the most common barrier that can interrupt brilliant decision making is plunging in. In this situation, people begin to gather information and reach conclusion without first taking a few minutes to think about the core of the issue they are facing or to think through how they believe decisions like this one should be made. People also undergo frame blindness, which is another barrier to a good-decision making. Frame blindness is where people setting out to solve the wrong problem because they have created a mental framework for their decision with little thought, which causes them to overlook the best options or lose sight of important objectives. Lack of frame control is anoth er barrier faced by human being in decision making where they failed to consciously define the problem in more ways than one or being unduly influenced by others. Some people also tend to feel overconfidence in their judgment. This situation also could obstructed a good-decision making as people failed to collect the key factual information because they are too confidence and overly assured of their assumptions and opinions. Another obstacle faced by people in getting a good-decision making is shortsighted shortcuts, where they rely in appropriately on â€Å"rules of thumb† such as implicitly trusting the most readily available information or anchoring too much on convenient facts. When making a decision, humans have the tendency to believe that they can keep all the information they discovered straight in their heads and therefore, improvise with little preparation. They should follow a systematic procedure when making the final choice. When making decisions within a group, common thing that happens is a group failure. People in the group assume that with many smart people involved, good choices will follow automatically and this action will caused failure in managing group decision-making. Humans are likely to protect their ego causing them fooling themselves about feedback. In this case, they are failed to interpret the evidence from past outcomes for what it really says. Humans also expecting that experience will make lessons accessible naturally and they tend to neither keeping track of the consequences of their choices, nor investigating the results in ways to uncover their key lessons. Decisions process needs to audited and failure to this action means failed to create organized approach to understanding their own decision-making, so that they remain constantly exposed to all the mistakes mentioned before. As in the matter of AI, machines have the possibility of breakdown which is disadvantageous. No matter how easy the task can be completed by AI, if there is a case of malfunction occurring, the whole thing means nothing. AI also have the tendency to lose the essential information or mistakenly modified or overwrite them. AI or a computer system needs to be switched off on a daily basis as results for maintenance which restrain the output and efficiency of the machine. RECOMMENDATION AND CONCLUSION AI has the potential in various field of technology such as computer science, robotics, healthcare and even music. There are now growing efforts to unite these fields of research and create new technologies out of them. However, despite of all the manner of innovative approaches, there are still a far gap between artificial intelligence and human intelligence. Some people might argue that Ai is only the matter of processing power, but some people believe that true AI will uncover the deep understanding of how human intelligence works. AI capabilities are still questionable but in several decades to come, AI can promise infinite possibilities of growth in technology. REFERENCES Westenberg, M. (1993). Decision traps: The ten barriers to brilliant decision-making how to overcome them. Acta Psychologica, 83(1), 67-69. doi:10.1016/0001-6918(93)90036-q. Ishak, W. H. W., Siraj, F. (n.d). ARTIFICIAL INTELLIGENCE IN MEDICAL APPLICATION: AN EXPLORATION. Langen, P. A., Katz, J. S., Dempsey, G., Pompano, J. (1993). REMOTE MONITORING OF HIGH-RISK PATIENTS USING ARTIFICIAL INTELLIGENCE. Paper presented at the United States Patent. Szolovits, P., Doyle, J., Long, W. J., Kohane, I., and Pauker, S. G. (1994). Guardian Angel: Patient-Centred Health Information Systems. Technical Report MIT/LCS/TR-604. Massachusetts Institute of Technology. Shortliffe, E. H., Fagan, L. M. and Yu, V. L. (2000). The Infectious Diseases Physician and the Internet. In Mandell, G.L., Bennett, J.E. and Dolin, R. (Eds.), Mandell, Douglas, and Bennetts Principles and Practice of Infectious Diseases, Churchill Livingstone, Inc., Pennsylvania, pp. 3258-3263. Shortliffe, E. H. (1987). Computer Programs to Support Clinical Decision Making. Journal of the American Medical Association, Vol. 258, No. 1. Detmer, W. M. and Shortliffe, E. H. (1997). Using the Internet to Improve Knowledge Diffusion in Medicine. Communications of the Associations of Computing Machinery, Vol. 40, No. 8, pp. 101 108. Wilson, M., Wilson, M. (2007). Feature Robotics Industry Forum – 2006. doi:10.1108/01439910710727432 Bogue, R., Bogue, R. (2014). The role of artificial intelligence in robotics. doi:10.1108/IR-01-2014-0300.

The Role Of Complexity Theory In Organisations Commerce Essay

The Role Of Complexity Theory In Organisations Commerce Essay This review seeks to make an assessment of the value and reliability that complexity theory makes regarding a new approach to future thinking. The assessment is done with regard to organisation and management. The literature is addressed, as firstly the complexity theory and notion related to complexity theory, the application of complexity theory as metaphor, the concept of self organisation and its robustness in the organisations. Secondly, the role of complexity theory in organisation science-as far as strategy, planning, and vision is considered for future. Thirdly, the complexity theory is analysed in the aspect of leadership and finally the conclusion with a proposed model for further research. INTRODUCTION: Complexity theory states about unpredictability, non-linearity, and the advantages from non-linear thinking.,(1996) has asserted the role of both positive and negative feedback in organisations and the importance related to creativity(Innovation). Creativity and innovation, both are generated at the edge of chaos and the some patterns are generated .Chaos theory which is a part of complexity theory has notified the significance of these patterns. It is a creative place far away from equilibrium. Over the last 30 years and more, an aspect of this behavioural pattern has become the focus of attention in a number of scientific disciplines and fields such as astronomy, chemistry, evolutionary biology, geology and metrology. Valle ,(2000) has explained the complex system as the one in which numerous independent elements continuously interact and re-organise themselves into more and more elaborate structures over time. Mathews et .al ,(1999) called it as an emergent dominant force, distinct from the older competing paradigms. According to Holm dahl, (2005) the complexity theory or complexity science is used as a unifying name for a set of patterns found in the most different areas. However Edmonds ,(1999) supported an argument that it compromises of several views and interpretations; it is not a Unitary, monolithic, fully fledged theory on which there is an academic consensus (Sawyer, 2005). Colemann, (1999) also stated that there is no unified field of complexity theory but rather a number of different fields with intriguing points of resemblance , overlap or complementary with each other. Researchers like Morrison ,(2010) and Edmonds ,(1999) has mentioned about complexity theory, as a nascent, emergent science where its still developing and clarifying its central Tenets, paradigmatic principles, applications, derivatives, methodologies, foci and coherence. Mc Elroy ,(2000) has asserted that complexity theory is the system thinking applied to the behaviour of natural systems. Wheatley ,(1994) have shared the idea of organisation being natural living systems, where they emerge and grow in their environment according to simple rules of nature. However Griffin ,(2002) has extensively criticised the same and the way in which the complex and paradoxical phenomenons are drawn into a systematic understanding of organising. Various Organisational theorists such as (Chia, 1998; Tsoukas and Hatch, 2001; Tsoukas, 2006) also disagree with the direct transfer of models and theories from the natural sciences and explores how, if at all, complexity science may be located in the context of established social theory relevant to organisations In relation to patterns and behaviour, Coleman, (1999) has said its the unpredictable behaviour within the system, encouraged through underpinning patterns that can further represent a powerful, albeit unpredictable innovation. Levy, (2000) has also said that the observing patterns can be more useful if we can associate different phases of system with other characteristics, such as relationship between business cycles and other variables such as demand, interest rates, vendor lead times, and labour market conditions. In relation to the unpredictable behaviour and observation of patterns in systems, Rosen head , (1998) has challenged Coleman ,(1999) arguing that under certain conditions the complex systems performs in an regular predictable ways and in other conditions they exhibit behaviour in which regularity and predictability is lost. Some researchers have criticise others work of complexity theory by signifying their lack of experience such as Rosen head (1998) in his papers has criticised the work of Mc Master (1995), Merry (1995), Stacey (1992) and Wheatley (1992), as Rosen head explains that the findings that they report and interpret, is about scientific fields related to management concerns where they have no experience at all. Rosen head has supported researchers such as Stewart (1989) and Kaufmann (1993), who being scientist of high reputation wrote about research fields in which they are themselves active. Both Stewart and Kaufmann have written about chaos and complexity and their works do make some relevance in regard to complexity theory as they belong to the same field. Complexity theory as a metaphor: Complexity theory has been valued in the social sciences as a source of metaphor (Lissack ,1997). Different researchers have different views for complexity theory and for its basis such as Burnes,(2005) who considered it as an metaphorical device. Van Eijnatten and Van Galen, (2002); Fitzgerald and van Eijnatten, (2002) has mentioned complexity theory as a lens (like chaos) or an analogy (Sundarasaradula et al., 2005). Morrison, (2010) regarded complexity theory as a set of constructs. Indeed as a theory also, Lissack ,(1999) has also argued that it is more, a collection of ideas than a theory. Smith and Humphries, (2004); Murray, (2003) has suggested complexity theory to be best regarded as metaphor. Metaphor, being a complete legitimate device is a way to explain certain phenomenon in a novel way. If complexity is utilised as a metaphor, while understanding the organisational behaviour and management, it would lose the prescriptive force (Rosen head, 1998). While advocating complexity theory as a set of constructs (Morrison ,2010) has argued that complexity theory in itself could have been more valuable as a set of constructs however the complexity theory essential practicalities makes its susceptible to the charge of relativism , arguing for it contemporary reasons, context specificity of the values and actions involved in the subject called change. Complexity theory relativism undermines its own status (Siegel, 1987), ( Laudan , 1990). According to Morrison (2010), Complexity theory is only relativistic and ephemerally useful, rather than having absolutist aspirations. According to researcher the issue being raised here is the need to clarify the status of the complexity theory as what: a theory, framework, a metaphor, a set of constructs, lens, principles or collection of ideas. According to the researcher view, its vital to understand the plain status of complexity theory while considering complexity theory as a robust theory to be used in management or organisation studies. There urges a strong need to research on the subject to utilise the full advantage of it. Self-Organisation: Concept of Self organisation in complexity theory and its validity in management and organisation: Complexity theory suggest that, self organised order may supersede command and control in many situations advocated by Andriani et al. (2004), Brown and Eisenhardt (1998), Falconer (2007) , Kelly and Allison (1999), Marion and Uhl-Bien(2001), Majchrzak et al. (2006), and Stacey(2005). However Willis (2004) argued the view, and said that self-organisation as per the complexity theory may result in a useless development and managers should concern themselves with content, not only with process. According to complexity theory, the human beings should be left to organise themselves. Stacey (1996) has mentioned this as a property of dissipative systems and has mentioned human beings as dissipative structures. Some researchers like Smith et al. (2004) have mentioned these ideas to be unreliable, selfish and irrational. According to them, the organisation science is structured to be led, regulate, mange direct or even control the human beings to guide and give them the sense of direction to achieve their common goals. . Macintosh and MacLean (1993) has argued about the concept of self organisation that, it might exhibit a contradiction between naturally occurring self-organisation and contrived or deliberately , managerially forced positioning of organisations at the edge of the chaos (Falconer, 2007). So this contradiction might lead to inefficiency, time wasting, mob rule and people going in so many different directions which would be resulting in the loss of connectivity and alignment between parts of an organisation, its value and directions (Morrison, 2010). The contradiction about the naturally occurring (emergent) or contrived, deliberately forced positioning of organisation while on the edge of chaos, is difficult to identify and the emergent events could also become destructive (Schneider and Somers , 2006) Similarly negativity might result from new forms of organisation so one has to be very clear while identifying the nature of the self-organisation as people might take benefit of the autonomy in other manner. Eoyang , (2004) in his paper has said about exploring the power and ubiquity of self organisations by giving a theory of self organization in human systems. He has designed the difference matrix in aid to understand the degree of difference in an organisation; still not all self-organising is successful (Lichtenstein, 2000) as some can lead to system failures or catastrophes. Researcher also agrees that the concept of self organisation is probably not absolute in the case of management and organisations as the consequences and conditions vary in different situations and particularly from one organisation to other. So the concept needs further analysis within different business environments. Complexity theory -Strategy-Planning-Vision Complexity developed popularity due to uncertainty and turbulence in environment as the environment is now more and more unpredictable and dynamic in nature. Stacey (1996) in his book has said that the long term planning is irrelevant. Stacey has criticised the strategy as visionary thing and has mentioned that the single vision to serve as intended organisation future, motivator of behaviour, and guarantor of corporate cohesion as a thoroughly bad idea. According to Stacey, such an idea generates a culture of dependency, restricting the expression of conflicting views and creates mental models tending toward groupthink. Our vision and planning is both inter-related and according to complexity theory one should not keep long term planning as the world is dynamic in nature, still there is no evidence that explains the actual meaning of word long in the terms of complexity theory. Apart from long term planning, the scenario planning is also criticised by complexity advocates still nobody tells about the term long term (Levy, 2000) and this notion changes from one environment to other such as biologically evolutionary systems , firms and industries. Smith, (2005) argues on the concept that the complexity advocate asserted so much about the complexity theory and the butterfly effect, still if we consider the macro environment, then the place for scenario analyst is very significant. McMaster (1995) implicitly conceded that scenario analysis could be useful in thinking about the future. According to Smith (2005), thinking about different alternatives remain a better approach to encourage innovation than trusting to emergence and quick action, as supposed by complexity advocates like Kelly(1998) and Tatenbaum(1998). Tetenbaum (1998) and Kelly (1998), both the complexity theorist, has advocated that the future is an inherently unpredictable, unstable entity, from which patterns emerge from the bottoms up. According to Smith, (2005) they have completely discarded the planning and scenario analysis. We need both the innovation and creativity when the organisation thrives at chaos; however we also need the analysis to avoid the pitfalls again. According to researcher the compatibility is the actual word which has to be addressed and needed further attention as Rosenhead , (1998) has also argued that if we rely only on the facts of unpredictability and uncertainty then it would be great achievement in itself. Bunker and Alban (1997) has asserted that even plans can be conceived as actions, as actions unfolds making and economising, with the scarce resources easier and therefore planning process can yield the organizational learning, shared mental models, in fact a meta language which will be supporting the knowledge based view of organisation rather than resource based view. As a researcher, I agree that the world is dynamic and non-linear still the world needs a focus and I believe that the scenario planning and long term planning provides a focus to strategise, in both internal and external environment. Future analysis in general and scenario planning in particular might be well served to the value of system thinking including the chaos, complexity and the catastrophic theory. So then the people would be able to conceptualise the alternative scenarios (Smith, 2005) as it would be promoting the innovation factor. The concept can be explained through observation of macro environment, where the oil prices which are non-predictable still crucial from analyst point of view. Certain scenario analyst, who have years of experience in the same field can make an assessment for short term. Researcher agree with the fact that world is changing rapidly, still the years of experience people have with them in respective field is also an valuable asset for the future, the only need is to make the complexity theories compatible with this experience to evolutes a new understanding on the subject. So as a researcher, I have proposed a model in conclusion which need further research. Leadership: The role of leaders is to successfully implement the change within the organisation. According to complexity theory, the leadership emerges through interactions, networking and connectivity, relationship, as these enhance operational effectiveness. (Goldstein and Hazy, 2006; Lichtenstein et al., 2006; Surie and Hazy 2006; Parellada , 2007). Leadership and management, from the perspective of Complexity theory, is adaptive, participative and enabling (Schreiber and Carley, 2006). On the one hand, Complexity theory advocates distributed leadership that operates in an ever-changing, unpredictable environments, Gronn (2003), Lakomski (2000), Gunter (2003), Harris (2003), Falconer, (2007) and on the other hand, it suggests that employee empowerment, voice, creativity and diversity have considerable significance. (Stacey, 2000; Parellada, 2007; Capra et al., 2007). Complexity theory introduces the reality of unknown future, may be through overstating the case for unpredictability or absolving leaders and managers of responsibility. However, it does not argue against the fact that leaders and managers have to operate with the best evidence to date, rather than having perfect knowledge. (Morrison, 2010) Researcher also agrees that there is inconsistency in the definition of leadership by complexity theory and it plays a very vital role in the management of organisations. Indeed Smith and Humphries (2004) write that complexity theorists such as Brown and Eisenhardt,(1998) accept instability and uncertainty with too much certainty. This rehearses the postmodernists dilemma of proscribing fixity and firmness yet holding such proscriptions fixedly and firmly. Conclusions: Complexity theory is a field within which some un-expected and diverse results have been found, further leading on to some further intriguing conjectures. What does not follow here is that any such result necessarily applies to all situations. As a researcher, I have developed an idea that might use the concept of complexity in organisation to achieve improved results. As the researcher has worked in marketing field , so recognises the importance of innovation and creativity. Firstly, I agree with the concept of unpredictability and long term planning, however the urge is to utilise the experience gained by senior people in the companies. I feel the importance of complexity in change management and would like to propose an idea for it. Organisation has a particular culture and learning process shaped from either past or present to achieve the future goals. So it implies that both are inter-related (Culture-Learning).Both of them should be nourished with negative and positive feedback as well as with an awareness to change. So people who has linear thought process and with non-linear thought process should be trained consciously or sub-consciously towards change. Let us give name People with linear thought process=A People with non-linear thought process=B The senior management can identify and differentiate between people A and people B, by observing their responses to their works. (problem-solving methods). For 6 months, without any restriction, A should be allowed to give recommendations through a non-linear point of view in their problem-solving ways for 6 months and Data collection has to be made. For same 6 months, B should be allowed to give recommendation through linear point of view in their problem solving ways. Data collection has to be made. Then relocate them as they were before, now observe the changes and pattern. Involve both nontechnical and technical team to assess the problem solving ways to achieve solutions on complex problems related to organisation. Performance might get improve or might deteriorate; still there might be chances that Organisation can get a dynamic team with dynamic capabilities. I understand the issues related to it, so will suggest a further qualitative deductive research on the model to establish a link from complexity theory to the science of organisation. Overall after the review, researcher highlights the need to further research on the following subjects of complexity theory: Status of Complexity theory-Complexity theory absolutist or relativistic status to understand the organisation science Complexity theory mandate about self-organization that may be directive, manipulative and mechanistic. Still about its source and validity no one has confirmed, yet a so further study has to determine the link between the exact global pattern and its validity. How complexity theory helps leaders and mangers in the enterprise as it does not does not address the problem of how to replace command and control without using command and control. Complexity theory refers to an system without any ordered rules and regulations and then specifies its own regulations to follow the concept of self-organisation, positive feedback, connectivity and the concept of non-linearity in predictable and non-predictable world.

Three Admirable Souls :: essays research papers

Three Admirable Souls There are different people that have certain qualities that make us admire them. Some people have their own admirable souls. The three nationally known figures that I admire and respect are Jackie Robinson, Billy Graham, and Condolezza Rice, due to all of their recognizable tributes that they have given not only to their families but to everyone around the world. The first person I admire and respect is Jackie Robinson there are many reasons for my admiration for Mr. Robinson. To begin with Jackie Robinson proved to be a man of courage and self respect. He earned and proved this courage and self respect by accepting a very challenging invitation to become the first African American to enter the Major League Baseball, where there was only Caucasian players. For example, when he first began to play he was faced with racism with this also came along, discrimination, physical, and verbal abuse. While facing this racism, Jackie Robinson held on to proving himself a man of self respect and looking forward to proving that a man should not be valued or accepted by the color of his skin, but by the inward person, which makes us who really are. Jackie Robinson behaved like a gentleman despite of all the challenges before him and so by doing this he gained respect by those around him and opened opportunities for other African American players to enter the National Baseball League. These are the qualities of Jackie Robinson courage, humbleness, and self respect that have come to make me admire and respect him. The second person that I admire and respect is Billy Graham. Billy Graham is a world famous evangelist that has been called to preach the Gospel according to his religious belief. Billy Graham began his ministry in the United States and England for the "Youth of Christ Crusade", which eventually led him to have large-scale evangelistic campaign in Los Angeles in 1949. I admire his dedication to his ministry because he has taken the gospel so that every one will have an opportunity to receive salvation according to his religious belief. Billy Graham is still obedient to the calling of his ministry because of his fifty six years of preaching and at the age of eighty seven his obedience is still having an influence on young and older people. Those who have had an encounter with Mr. Graham have had their faith stronger and have spiritually grown.

marco polo Essay -- essays research papers fc

Marco Polo   Ã‚  Ã‚  Ã‚  Ã‚  Marco Polo was born in c.1254 in Venice. He was a Venetian explorer and merchant whose account of his travels in Asia was the primary source for the European image of the Far East until the late 19th century. Marco’s father, Niccolo, and his uncle Maffeo had traveled to China in 1260 - 1269 as merchants. Despite Marco’s enduring fame very little was known about the personal life of Marco Polo. It is known that he was born into a leading Venetian family of merchants. He also lived during a propitious time in world history, when the height of Venice’s as a city-state coincided with the greatest extent of Mongol conquest of Asia. (http://darter.ocps.k12.fl.us/classroom/who/darter1/polo.htm )   Ã‚  Ã‚  Ã‚  Ã‚   Ruled by Kublai Khan, the Mongol hordes also threatened other parts of Europe, particularly Poland and Hungary, inspiring fears everywhere by their bloodthirsty advances. Yet the ruthless methods brought a measure of stability to the lands they controlled, opening up trade routes such as the famous Silk Road. Eventually, the Mongols discovered that it was more profitable to collect tribute from people that to kill them outright. Knowing this a number of European traders ventured, including the family of Marco Polo. (Marco Polo and the Medieval Explorers)   Ã‚  Ã‚  Ã‚  Ã‚  In 1269, Niccolo and Maffeo Polo arrived back in Venice, where Niccolo found out his wife had died while he was gone. Their son Marco was only about fifteen years old. Marco was raised primarily by his mother and the streets of Venice. These experiences had a big influence on young Marco.   Ã‚  Ã‚  Ã‚  Ã‚  In 1268, Pope Clement IV died, and there was about a three-year delay while another pope was being elected. This gave Marco time to mature and absorb the tales of his father and uncle. Marco was seventeen years old when he, his father and uncle set out for the court of Kublai Khan. They were also accompanied by two Dominican friars, and the good friars turned back at the first sign of adversity, another local war in Levant. Marco was the only new person in the Polo’s party, but he was a representative of the spirit of European civilization on the eve of the Renaissance. (The Travels of Marco Polo)   Ã‚  Ã‚  Ã‚  Ã‚  On the way to Khan’s court, Marco had the opportunity to complete his education. T... ...cognize them, then they were astounded, and then were disgusted by their shabby appearance. The disgust changed to delight when the Polo’s invited everyone to a homecoming banquet, ripped apart their old clothes, and let all the hidden jewels clatter to the table.   Ã‚  Ã‚  Ã‚  Ã‚  Marco was not yet ready to settle down. He became involved in naval warfare between Venetians and their trading rivals the Genoese. In 1298 Marco was captured and put in prison in Genoa. In prison Marco met a man named Rustichello from Persia, who was a writer. To pass the time Marco dictated his observations about Asia to Rustichello. After his prison experience, which lasted about a year, Marco was content to lead a quiet life in Venice with the rest of his family. He married Donata Badoer, a member of the Venetian aristocracy. Marco died in 1324 at the age of seventy. He left most of his wealth to his three daughters.. (http://darter.ocps.k12.fl.us/classroom/who/darter1/polo.htm ) Bibliography 1. http://darter.ocps.k12.fl.us/classroom/who/darter1/polo.htm 2. The Travels of Marco Polo, Mary Hull 3. Marco Polo in China, Li Man Kin 4. Marco Polo and the Medieval Explorers, Rebecca Stefoff

Unit 8 Assignment

Ury Salinas Unit 8 Project MT445 Managerial Economics Chapter 19, Question 5 (Economic Fluctuations) Why doesn’t the National Bureau of Economic Research identify the turning points in economic activity until months after they occur? There are often fluctuations within the different phases of the economy which are caused the seasons and other chance occurrences. Oftentimes, these small disturbances are not enough to show economists that there is necessarily a problem because a drop in production might only be temporary.Recessions and economic depressions have to be measured over a long period of time to get an accurate idea of the economic stability of a region or country, and often you have to look back a long period in order to understand the problem. Question 15 (Aggregate demand and supply) Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which dire ction? What happens to aggregate output and the price level in each case? a. The price level changes b.Consumer confidence declines c. The supply of resources increases d. The wage rate increases a. Price level changes affect both aggregated demand and aggregated supply curves. When price drops, it raises the amount of goods that are in demand. The short-run supply curve curves to the right. When price increases, there is a drop in the quantity of goods and services supplied and the short-run aggregate supply curve curves toward the left. b. When consumer confidence declines, there is a decrease in the demand curve. This causes the curve to shift to the left. c.When the supply of resources increases, more products are being produced which supersedes demand for the item. This will cause the curve to shift to the left. d. When wage rate increases, the supply curve shifts upward. Chapter 20, Question 12 (Convergence) Explain the convergence theory. Under what circumstances is convergen ce unlikely to occur? Convergence theory says that developing countries have better or faster economic growth than advanced countries. The thought is that they grow faster because its easier to copy the technology that is already in place, than it is to necessarily develop it on their own.This theory states that convergence is unlikely to occur in the â€Å"poorest third† of the world, partly because of high population growth which reduces the quality of human capital. Question 15 (Growth and the PPF) Use the production possibilities frontier (PPF) to demonstrate economic growth. a. With consumption goods on one axis and capital goods on the other, show how the combination of goods selected this period affects the PPF in the next period. b. Extend this comparison by choosing a different point on this period’s PPF and determining whether that combination leads to more or less growth over the next period. . When the economy produces more consumer goods than capital goods , growth is lower. On the graph, this would be at the point on the axis where Y is very high compared to the X-coordinate. In the next period, this means that consumer goods have less production capacity. b. When more capital goods are produces than consumer goods, the growth is higher. On the graph, this would be where the Y-coordinate would be lower than its corresponding X-coordinate. This means that there will be more spending on capital goods and a greater outward shift for the next period.

The Leader of Future

Running Head: THE LEADER OF THE FUTURE Chantell Hilliard Post University The Leader of the Future BUS 508 December 15, 2012 Professor Carolyn Shiffman Table of Contents Executive Overview†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦ 3 Challenges for future leaders†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦.. 4 Blueprint for dynamic planning†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦.. 4 Areas of focus for leaders of the future†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦.. 5 Lessons from past leadership†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦. †¦. 7 Future Generational Workf orce†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦8 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. †¦. 9 References. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦.. 10 Executive OverviewWhat does the leader of future look like? This question reflects on the Baby Boomers generation transitions into retirement leaving the next generation to move into leadership positions. For the next generation to transition into the once Baby Boomer workforce, future leaders have to face a range of challenges. This generation will need to learn how to monitor external threats and opportunities that can affect an organization. Leaders of the future have different leadership style from their counterparts. The next generation will have to learn from past leadership behaviors. Future leaders need to become technology savvy.They will also have to become acquainted with different cultures and practice the art of shared leadership. To succeed in a competitive business world, future leaders will have to develop a leadership style that fits the standards of an authentic leader. Challenges for leaders of the future As the business world changes, leadership roles will present challenges. The challenges that a leader will face knowing how to communicate is an important aspect for leaders to be effective. Through effective communication, leaders encourage others to trust and understand what is needed to be done within the organization.However, without effective communication a leader may not be able to lead his or her group effectively. Another distinctive challenge that leaders of the future will encounter are managing conflicts. Future lead ers will have to recognize conflict that is necessary and conflict that distracts subordinates and escalates. A leader who does not address conflict can see results lost productivity and lost revenue. If leaders of future want to increase performance they need to learn how to put aside personal feelings while dealing with conflicts among employees.Blueprint for dynamic planning The blueprint for dynamic planning is how a leader assesses external and internal analysis on opportunities and threats facing the organization environment. For an organization to have success, a leader needs to complete a SWOT analysis. Completing a SWOT analysis will enable a leader to focus on the organization strengths and weaknesses, spot opportunities, and lastly analyze any threats. The SWOT framework is a powerful planning tool that helps a leader understand the organization nice in the market and distinguish the company from their competitors.Monitoring the external environment requires a leader to u nderstand opportunities for the organization and threats that will hurt the organization growth. These external elements include customers, government, economy, competition, and public perception. The importance of customer relationships can help a company find ways to influence their customers to buy products and to improve sales. Government regulations are important to monitor because new laws and regulations can affect a company profit margins and determine if a company can ship their products into foreign markets.The external business environment can also exert the pressures of the economy. A leader should play close attention to the economy growing or collapsing. Monitoring the state of economy is crucial for leaders in the ever changing business world. For example, companies might need to lower prices during recessions. Because of the various economic shifts, leaders of the future will need to adapt their marketing strategies. Competition has a significant effect on an organiz ation external environment because competitors are continually differentiating their products and service from its competitors.Monitoring the competition will allow a leader to have a competitive advantage in the market. Lastly, a future leader should monitor any scandals or negative perceptions about the company. While a negative image can hurt company sales, it can eventually hinder growth and success. Areas of focus for leaders of the future If future leaders want to be effective they need to increase their focus on new technologies, appreciation of cultural diversity, and learn how to share leadership. Because of the rapid technological changes in the world, future business leaders need to be technology savvy.Having the ability to know the importance of technology, gives the future leader a competitive edged. Technology as we know it continues to evolve. Bennis (1992) suggest that leaders of the future need to embrace technology, if not they are sure to be unsuccessful on  "capitalizing on the opportunities that arise in this fast-evolving competitive arena† (Bennis, 1992, p. 189). The business world is becoming global. Leaders of the future should focus on cultural diversity because a cultural diverse workplace promotes several advantages for an organization.If leaders don’t respect the differences in other people’s cultural background they may risk falling behind as an effective leader. Understanding other people’s culture is considered a good business practice. If future leaders want to succeed in the business world, they need to implement motivational strategies that will inspire people in different cultures. To achieve a positive and collaborative environment, leaders have to embrace mutual respect amongst their diverse colleagues. Leaders of the future should understand that sharing leadership is not an easy task but quite possible.The following are ways leaders can share leadership: * Give power away to the most quali fied individuals to strengthen their capabilities (Goldsmith, 2010, p. 1). * Define the limits of decision-making power (Goldsmith, 2010, p. 1). * Cultivate a climate in which people feel free to take initiative on assignments (Goldsmith, 2010, p. 1). * Give qualified people discretion and autonomy over their tasks and resources and encourage them to use these tools (Goldsmith, 2010, p. 1). * Don't second guess the decisions of those you have empowered to do so (Goldsmith, 2010, p. ). Lessons from past leadership To be successful, a leader must learn lessons from past leadership behaviors. Many past leaders have engaged in negative and positive behaviors that can affect the organization. Following positive leadership behaviors will allow a leader to practices a leadership style that involves building an empowering workplace. Future leaders should strive to develop integrity. Having integrity means building trust with your followers. Most importantly, a leader who leads with integrit y means sticking to their word.Past leadership has shown that integrity requires a leader to have self-awareness. Self-awareness means that a leader is conscious of their strengths and weaknesses. For example, if a leader pretends to know everything and doesn’t acknowledge their mistakes, this creates the perception of lack of integrity from their followers. Leadership without integrity can have drastic consequences for any organization. Unfortunately, the Enron scandal is great example on how Enron leaders compromised integrity with their desires for wealth and power. Enron executives’ unethical practices left a scar on corporate America.Enron’s lack of integrity results in thousands of jobs lost, pensions lost, public disgrace, and felony convictions. The Enron fiasco should teach leaders of tomorrow that a true leader has the responsibility to be honest and open with their followers, have good character, obey the law and to transmit truthful data at all times . From a personal perspective, my core beliefs are solid and promote a positive leadership in the workplace. Having core values like integrity defines who I am as an authentic leader. I model integrity by being honest and making the right choices.Blanchard (2010) suggests that, â€Å"integrity is the most essential element of leadership† (p. 180). I believe that having integrity results in a leader being seen as credible to others. Without it, a person will fail as a leader. Leading by fear and intimidation are negative behaviors that future leaders should avoid. The problem with leading by fear is that it kills creativity in the workplace. Sadly, these tactics has been used by many leaders in organizations. Future leaders need to understand that leading by fear can have negative several repercussions.Leaders who lead through such means will find that this leadership style is not an effective approach for motivating, inspiring, and empowering their followers. As a result, thi s behavior creates uncertainty and high turnover among employees. Many will argue that this tactic can be beneficial for an organization. Apple Inc. , CEO Steve Jobs is a prime example on past leaders who lead by fear. Steve Jobs has been described as a complex and unconventional leader. His tyrannical leadership style created an atmosphere that employee received verbal lashings and fear of making mistakes.Steve Jobs successfully implemented innovation and provided success with Apple Inc. However, his style is worth learning so leaders of the future can avoid the pitfalls of leading with authoritarian leadership. Future Generational Workforce According to researchers by 2020 the future generational workforce will be led by three generations attempting to coexist in the US economy (Nahavandi, 2010). Currently, the workforce is comprised of baby boomers born between 1946-1964, Generation X born between 1966-1980, and the workforce of the future Generation Y also known as â€Å"Millen nials† born between 1980-2000.Because Baby Boomers are approaching retirement, employers are looking to the Millennial generation to bring in valuable new perspectives that will cater the organization mission and goals. The Millennial generation will approach their expectations and beliefs from an entirely new way that goes beyond traditional behaviors. What sets this generation apart from their older counterparts is that they are not afraid of the change. Therefore, their attitudes towards work are different from their parents because they prefer flexibility.Generation Y has high expectations from their employers and the direction of their career path. They are consistently seeking new and innovative challenges that will allow them to effectively lead others. Millennials leaders are very different from their previous generations because they rely heavily on the internet as a form of resource, communication and networking. This generation will overtake the majority American wo rkforce by storm and their leadership style will be influenced by leaders before them.These leaders will have no problem attracting and retaining followers because they are motivated to understand their subordinate’s perspectives. Conclusion In conclusion, as the workforce changes so does the look of leaders. These future leaders have to be prepared for the unexpected and unexplained challenges. Therefore, as the next generation enters leadership roles they will have to know more than traditional business practices seen by generations before. For an organization to survive, these future leaders should have a set of core values that followers will trust and respect.References Bennis, W. G. (1992). Leaders on Leadership. Boston, MA: Harvard Business Review Books. Blanchard, K. H. , (2010) Leading at a higher Level: Blanchard on Leadership and Creating High Performing Organizations, Upper Saddle River, N. J. : Pearson/Prentice Hall. Goldsmith, M. (2010, May). Sharing leadership to Maximize Talent. Harvard Business Review. Retrieved December 15, 2012 from http://blogs. hbr. org/goldsmith/2010/05/sharing_leadership_to_maximize. html Nahavandi, A. (2012). The Art and Science of Leadership. Upper Saddle River, NJ: Pearson Education.