Sunday, January 26, 2020

Paradigm And Paradigm Shifts

Paradigm And Paradigm Shifts The word paradigm first appeared in English in the 15th century. It comes from Greek, meaning an example or pattern, and it still holds this meaning today. For nearly 400 years it has also been applied in varieties of grammatical properties including verbs, nouns, and other parts of speech of a language. In linguistics, Ferdinand de Saussure used it to refer to a class of elements with similarities. According to 1900 Merriam-Webster dictionary it is defined as a philosophical and theoretical framework of a scientific school or discipline within which theories, laws, and generalizations and the experiments performed in support of them are formulated; broadly: a philosophical or theoretical framework of any kind. From the 1960s onward, the word has been used in science to refer to a theoretical framework, as when Nobel Laureate David Baltimore cited the work of two colleagues that really established a new paradigm for the causation of cancer. Thereafter, researchers in many different fields tried to explore this concept. WHAT IS A PARADIGM? The historian of science, Thomas Kuhn was the first to use the term for science, and referred to the set of practices that define a scientific discipline at certain point in time. He meant something like a framework, a dominant way of thinking and doing things, shared expectations and rules. Further he termed something as disciplinary matrix. He also suggested that paradigms are discrete (separate) and culturally based. For example, a Chinese medical researcher, with an in-depth knowledge of eastern medicine, will live in a different paradigm than a purely western researcher. Alternatively, the Oxford English Dictionary defines paradigm as a pattern or model, an exemple. Thus an additional component of Kuhns definition of paradigm is that how is an experiment to be carried, and what equipment is available to carry the experiment. SCIENTIFIC PARADIGM A scientific paradigm, in the most basic sense of the word, is a framework containing all of the commonly accepted views about a subject, a structure of what direction research should take and how it should be performed (Shuttleworth, 2008). In 1962, Thomas Kuhn, in his book The Structure of Scientific Revolutions defined scientific paradigm as what is to be discovered and inspected, the type of questions that are supposed to be asked and examined for answers in relation to this subject, how these questions are to be organized and how the results of scientific investigations should be analysed. WHAT IS A PARADIGMS ROLE? The philosopher, Thomas Kuhn suggested that scientific research does not progress towards truths, but is subject to belief and remaining emotionally attached to old theories. He gave four basic ways in which a paradigm indirectly influences the scientific process as mentioned above. A paradigm includes what is studied and researched, the kind of questions that are asked, the structure and nature of the questions and how the results of any research are interpreted. Kuhn believed that science required periods of patiently gathering data, in a paradigm, and then revolution occurred as the paradigm turn to maturity. A paradigm can include some errors but they eventually become impossible, like Ptolemys epicycles, and result in a paradigm shift. The new paradigm is not necessarily better than the old one but it is just different. For example, most psychologists weep at the mention of the Freudian paradigm. WHAT IS A PARADIGM SHIFT? Paradigm shifts are mostly used in sciences that appear to be stable and mature, at the end of the 19th century. A paradigm shift (or revolutionary science) is the term used but not named by Thomas Kuhn in his book The Structure of Scientific Revolutions in 1962. Paradigm shift is a successive transition from one paradigm to another via revolution is the usual developmental pattern of mature science. Paradigm shift questions the paradigm itself. It is a change from one way of thinking to another. Its a revolution, a transformation. . It just does not happen, but rather it is driven by agents of change. It is when the model for a process or application or method changes significantly, typically because there has been a leap. Kuhn believes that a paradigm would make an unexpected leap from one to the next, called a shift, and the new paradigm could not be built upon the foundations of the old. The indirect meaning is that one has stepped off the road that the prior paradigm followed onto an intersecting and better road. The term paradigm shift has found uses in other contexts, representing the notion of a major change in a certain thought-pattern; a radical change in personal beliefs, complex systems or organizations, replacing the previous way of thinking or organizing with a radically different way of thinking or organizing. The Paradigm is closely related to the Platonic and Aristotelian views of knowledge. Aristotle believed that knowledge could only be based upon what is already known, the basis of the scientific method. Plato believed that knowledge should be judged by what something could become, the end result, or final purpose. Platos philosophy is more like the intuitive leaps that cause scientific revolution; Aristotles the patient gathering of data. For example, in physics Newtons Laws were an example of a paradigm, and scientists worked upon his principles for centuries. The discovery of the internal structure of the atom started to find problems in the theory, and Einstein provided the out of the box thinking that drew the paradigm in another direction. ELEMENTS OF PARADIGM SHIFT A successful paradigm shift requires four main elements. First is pressure for change, second is a clear shared vision, then capacity for change and actionable first step (Kurkela, 2009). If any of these elements is missing the result would be failure of paradigm. Paradigms affect that what kind of learning resources are required and these learning resources further influence what kind of paradigms can be used or developed. THE ROLE OF PARADIGM SHIFT Paradigm shifting can start with your trying-on of different existing paradigms. For example, a person has the attitude of being an actor taking on a new role for a season on the stage, or for the duration of a movie. He or she goes into it, knowing that it is for a limited time, and that they will emerge from it the other side. During the play or filming period he/she will adopt that character as it is real. Then again actor will put it down again afterwards. However, while in the play or during filming, the actor tries to become that character, and fulfill the requirement of the role to make it natural. EXAMPLES OF PARADIGM SHIFTS IN THE NATURAL SCIENCES The transition in cosmology from a Ptolemaic cosmology to a Copernican one. The transition in optics from geometrical optics to physical optics. The transition in mechanics from Aristotelian mechanics to classical mechanics. The acceptance of Charles Darwins theory of natural selection replaced Lamarckism as the mechanism for evolution. EXAMPLES OF PARADIGM SHIFTS IN THE SOCIAL SCIENCES The movement, known as the Cognitive revolution, away from Behaviourist approaches to psychological study and the acceptance of cognition as central to studying human behaviour. The Keynesian Revolution is typically viewed as a major shift in macroeconomics.

Saturday, January 18, 2020

Purchasing and Supply Chain Management

Purchasing and Supply Chain Management Assessment 1 Nessa’s Bar Report Course Code: BS1D75 Student Number: 08154619, 09046100, 09030883, 09046577, 09047735 Contents Page †¢1. 1. 1 Problem – Poor Organisation on Purchasing and Supply†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¢1. 1. 2 Solution – Poor Organisation†¦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‚¬ ¦. †¢1. 2. 1 Problem – Purchasing Policy Procedures†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¢1. 2. 1 Solutions – Purchasing Policy Procedures†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¢1. 3. 1 Problem – Poor Management†¦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‚¬ ¦. †¢1. 3. 2Solution – Poor Management†¦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¢ € ¦.. †¢1. 4. 1 Problem – Costs/ Expenses†¦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‚¬ ¦. †¢1. 4. 2 Solution – Costs/ Expenses†¦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‚¬ ¦.. 2. 0 Recommendations†¦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. 0 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‚¬ ¦Ã¢â‚¬ ¦. †¢4. 0 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‚¬ ¦. †¢5. 0 Bibliograpgy†¦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‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1. 1. 1 Problem – Poor Organisation on Purchasing and Supply The business suffers from poor organisation in the purchase of supplies. The purchasing of goods and services for the business use is known as Procurement. There are three managers who all participate in the purchase of items; each person purchases items they think necessary often leading to double orders or items not being bought at all. There are several suppliers used some of which deliver while others operate a cash and carry policy, causing partners to use their own transport. Although several suppliers are utilised, the lack of regular custom by the company causes lack of interest by the suppliers and so the company misses out on priority service and possibly loyalty bonuses sometimes offered by these outlets designed to encourage repeat custom. Webster and wind (1972) Are concerned with sellers being aware of what buyers may be doing but also it should be important that buyers are aware of what seller are likely to do. A significant amount of stock is wasted due to the haphazard means of stock control. The company likes to have a well filled freezer to protect against low stock levels or unavailability of items, which in turn ties up capital unnecessarily. 1. 1. 1Solution – Poor Organisation A solution to this problem could be the hiring of a trained buyer who would control purchases made by the company. The advantage of this would be a single buyer would not order double quantities and excessive or unnecessary stock would not be purchased. As a result stock control would be easier to manage. Organised purchasing would help to keep stock levels steady and unnecessary goods would not be stock piled, thereby releasing capital allowing money to be used efficiently and cost effectively. Hiring an expert may seem expensive but could save significant amounts of money and time. Possibly one of the managers could take part in a purchase training programme to gain the skills as they already have inside understanding of the company and how it is run. This would prove cost efficient and save money on outsourcing. To solve the problem, the organisation could hire trained buyers to take over the three manager’s buying work. The advantages of hiring experts on buying stock for the organisation are that when there is only one person managing the buying, stock would be clearer and overlapping or lack of stock would be avoided. This could release the capital as stock would be more organised and money would be used more efficiently. However, hiring experts might be expensive and would be costly efficient for the organisation. In this case one of the managers could go on purchasing training program to gain skills in terms of buying, meaning the company will have a buying expert, who also knows the business well, and the company will not be wasting capital on hiring an external expert. 1. 2. 1Problem – Purchasing Policy Procedures The company experiences problems with paper work not matching the goods purchased. This has resulted in some suppliers banning the buyers from their establishment and refusing credit facilities as payment may have been overlooked or invoices mislaid and no payment being processed. The reputation of the company has been spoiled as non payment of invoices has caused it to be branded untrustworthy, subsequently it is not given priority as a respected business would be. Some suppliers expect cash on receipt of goods and this can cause a cash flow problem. Negative word of mouth may be passed around trade fairs or board meetings, which will have a negative impact on suppliers considering entering in to business with `Nessa’s Bar’. 1. 2. 2Solutions – Purchasing Policy Procedures A solution to this problem could be a change in the purchasing procedure of the company. In a mechanistic structure, authority is centralised at the summit of the managerial hierarchy and vertical authority is use to control human and material resources. Mechanistic structures operate most effectively in stable environments. † (Lysons, P158) A management structure needs to be established in which everyone understands their role within the company. Also a system for dealing with paperwork needs to be organised so that a good relationship can be developed between the company and its suppliers. 1. 3. 1Problem – Poor Management The company wastes a great deal of time on low value goods. Security is very expensive but necessary. The bar employs its own cleaning staff and purchase cleaning materials as needed but these disappear from the stockroom as there is no inventory method in place to control the use of these items. All members of staff have access to the stockroom and as there is no organisation there is no stock checking system. This ultimately leads to confusion with the buying of items as the company is unaware of the exact inventory of goods available for use and what needs to be purchased. . 3. 2Solution – Poor Management To solve the problem, the organisation could introduce VMI (Vendor Managed Inventory) â€Å"VMI is a collaborative strategy between a customer and supplier to optimize the availability of products at a minimal cost to the two companies. † (Baily, P 181) Suppliers take responsibility for managing the stock which is constantly monitored and updated. (Baily, P181) Time could then be utilised on other jobs rather than being spent on low value goods. This could be a problem as the supplier then controls the stock rather than the company, but any shortfalls would again become the responsibility of the company. â€Å"Acronyms for VMI include: CRP (continuous replenishment programs), SAIM (supplier-assisted inventory management), SAIR (supplier-assisted inventory replenishment), ECR (efficient consumer response). † (Lysons, P357) The organisation could outsource cleaning and security to professional companies as they would be more skilled and knowledgeable than the staff in the organisation. Outsourcing as: The strategic use of outside resources to perform activities traditionally handled by internal staff and resources. † (Baily, P115) It can be considered that outsourcing both cleaning and security could be expensive and there is no guarantee as to the standards of the work carried out, but the training of staff to carry out these services could cost even more. By outsourcing the less important work more time would be come available to be spent on core business operations. However there are disadvantages to outsourcing as Lacity and Hirscheim point out that; â€Å"†¦the employee culture is too fragmented or hostile for the organisation to come back together† (Lysons, P402). The employees from the outsourcing company might have a strong employee culture or different work ethics and find it difficult to fit into the working environment of Nessa’s Bar. 1. 4. 1 Problem – Costs/ Expenses The majority of expense faced by the company are; rent, staff wages, beverages, food and other consumables. The bar spends approximately ? 00k per annum on beverages with a further ? 60k being spent on foods and other consumables. 1. 4. 2 Solution – Costs/ Expenses A possible solution to these problems would be the reduction of staff employed at the business. Should cleaning and security be outsourced then the staff currently employed to carry out these tasks are no longer required and could be laid off. Well managed stock would save the com pany money as would developing a better relationship with suppliers who might offer discounts on goods and better delivery services. †¦requiring production when, and not before, a customer requires something, and the pursuit and elimination of waste in production and associated planning and purchasing†¦ †(Baily, P177) JIT can keep the stock level to be low in the organisation, which can prevent unnecessary capital to be stuck as stock. The utilisation of a VMI system for stock control could prove to be more cost effective for the company as the supplier takes responsibility for stock management. Suppliers have more experience of this kind of system and would ensure the smooth running of the stockroom. The company would receive higher levels of service as less time would be spent on low value goods and as there would be less stock wastage the company would achieve improved revenue. (Baily, P182) 2. 0 Recommendations 3. 0 Conclusion Currently there are problems with Nessa’s bar as it operates on an inefficient and disorganised system. Basic errors including order duplication, failing to pay suppliers, wasting time on low value goods, and a lack of purchasing knowledge has resulted in a loss of money, time and stock. Also the non payment of invoices has given the company a bad reputation with suppliers. The company could hire a professional buyer who specialises in purchasing goods thereby eradicating the possibility of mistakes being made when goods are ordered. Time would be saved by orders not being duplicated, items overstocked, or wasted on low value goods. If this is not a viable economic option then one of the three managers could be trained to assume the role and take on the responsibility for these tasks. One person would then make decisions, an advantage would be that they already have a working knowledge of the company and they are also known to the other managers from the outset. A centralised approach with just one national supplier would make purchasing easier and more cost effective for the company as they will reduce the amount of paperwork by receiving one invoice rather than several. This will assist ease of stock control and management. 4. 0 Reference Baily P. Purchasing Principles and Management, Financial Times/Pitman Publishing (Tenth edition) Lysons K. 2000) Purchasing and Supply Chain Management (5th Edition), Financial Times/Pitman Publishing Webster F and Wind Y (1972) Organisational buying behaviour, Prentice Hall, New York. American Marketing Association. (1995). Market research. Available: http://dis. shef. ac. uk/sheila/marketing/research. htm. Last accessed 28. Febuary 2010. R. Srinivasan. (1988). Brand Accounting-An Emerging Concept. Available: www. londonmba. o rg/†¦ /Brand%20Accounting-An%20Emerging%20Concept_by%20R. %20Srinivasan. doc. Last accessed 1 March 2010. 5. 0 Bibliography Kotler, P. & Armstrong, G. (2000) Principles of Marketing (9th edition) Prentice Hall.

Friday, January 10, 2020

A Review of Writingservices

A Review of Writingservices Writingservices - Overview It's not a secret that each and every assignment needs to be submitted in time, if you aim to find any grade. Giving the job to an in-house executive may lead to writing style that's contentious because everyone within your organization will probably have views on what's an appropriate and `correct' style. It isn't easy to take in both at the very same moment. They've been in this business for quite a long time and all its peculiarities. Professional Writing Help Our platform is generated for fast and simple fixes along with long-term guidance. You don't know what counterarguments your dialog partner will have and the one thing you could do is to predict them. The perfect way to attain a unified writing style that's stamped with your company personality is to produce a document known as a style-guide. 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Wednesday, January 1, 2020

A Critique of OPEC, The Website Essay - 1775 Words

A Critique of â€Å"OPEC† – The Website OPEC stands for â€Å"Organization of Petroleum Exporting Countries† and is comprised of the largest oil-producing nations of the world. Through OPEC, these Member Countries work together to control the price and availability of oil--one of the most significant commodities in today’s worldwide economy. Founded in September of 1960 with headquarters in Vienna, the OPEC organization is currently comprised of twelve member countries (History of OPEC, 1). OPEC’s mission is defined in a formal organizational statute that identifies their role â€Å"to coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular†¦show more content†¦In â€Å"History of OPEC,† Rousseau (1998) outlines the negative effect of this collaboration by highlighting OPEC’s responsibility in two critical historical events: the October War and the Persian Gulf War. As d emonstrated in the 1973 October War between Egypt and Israel, and the 1990 Persian Gulf War between Kuwait and Iraq, the global oil market impacts much more than the economy. Rousseau stated that â€Å"the OPEC countries did not want to reduce prices, for fear that they would undermine their whole pricing structure, lose their economic and political gains, and so diminish their political influence† (Rousseau, 1998). OPEC serves a seemingly essential purpose, though differing agendas for financial gain and political influence make success impossible among separated countries. The general purpose is meant to prevent countries from producing too much oil which would drive down the price, thereby reducing profits. It is an interesting idea, but it is impossible to believe that individual countries join forces to manage the supply and demand of oil production in order to ensure that everyone makes a profit: someone will cheat. It would be important to keep oil-producing countries on a â€Å"budget† that defines the number of millions of barrels of oil that is allowed to be produced by a country daily. If the members of the OPEC organization were â€Å"impartial† without concern for individual prosperity, thenShow MoreRelatedPrinciples of Microeconomics Fifth Canadian Edition20085 Words   |  81 PagesPrice Elasticity of Supply and Its Determinants 105 Computing the Price Elasticity of Supply 106 The Variety of Supply Curves 106 Three Applications of Supply, Demand, and Elasticity 109 Can Good News for Farming Be Bad News for Farmers? 109 Why Did OPEC Fail to Keep the Price of Oil High? 111 Does Drug Interdiction Increase or Drecrease Drug-Related Crime? 113 Conclusion 115 Summary 115 Key Concepts 115 Questions for Review 116 Problems and Applications 116 PART 3 SUPPLY AND DEMAND II: MARKETSRead MoreMarketing Mistakes and Successes175322 Words   |  702 Pagesauthorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc. 222 Rosewood Drive, Danvers, MA 01923, website www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, (201)748-6011, fax (201)748-6008, website http://www.wiley.com/go/permissions. To order books or for customer service please, call 1-800-CALL WILEY (225-5945). Library of CongressRead MoreTestbook Answers112756 Words   |  452 Pagesprobabilities include all information you have up to just prior to analyzing the CG Ltd. financial statements. They could include information based on an analysis of CG’s past financial statements, plus other news to date about the company from media, websites, speeches by company officials, analyst forecasts, etc. They could also include the results of a study of the current market price of CG shares. If share price is low, this would indicate an unfavourable market evaluation of future prospects,Read MoreDeveloping Management Skills404131 Words   |  1617 Pagesabout what managers actually do from day to day. He further faulted management textbooks for introducing students to the leading theories about management while ignoring what is known about effective management practice. Sympathetic to Mintzberg’s critique, we set out to identify the defining competencies of effective managers. Although no two management positions are exactly the same, the research summarized in the Introduction highlights ten personal, interpersonal, and group skills that form the