The Daimler Bens And Chrysler Merger Management Essay

The Daimler Bens And Chrysler Merger Management Essay Daimler-Benz was merged with Chrysler in May 1998. The CEO of Daimler-Benz, Jurgen Schrempp called this merger as merger of equals (Schein, 1996). The goal was to be in top three companies of automotive industry. Bringing together both the companies with different culture was not considered as a hurdle and there are no chances of cultural clashes but behind the curtains things were entirely different. There were many reasons for the troublesome merger but the most important was clash of co operate cultures. But because of merger there were drastic changes in the company as well and the major change was stock prices were quadrupled and the company had a paradigm shift from bankruptcy to profit making. Lee Iacocca showed a great transformational leadership and implemented change management in company that was very helpful in getting financial stability and expanding the marketing space. He adopted the four enablers which were platform teams, a new center, a new culture, CAD for the organization. The merger changed the co operate culture of the company now the company is thought to have better positioned. It entered the growing competeion in small truck market. (Anon., 1997). The only certainty in our modern world is change. The ability to survive and flourish depends on our flexibility and the willingness to constantly adapt to a changing world by Arthur. Introduction Change management varies widely from organization to organization including various environments but among all most relevant is organizational change management. It is a process of change in an organization in a systematic manner. Change management can be reactive. Most common places for change management implementation are technology management, strategic and process. However overcoming resistance to change is the core value while implementing new procedures. Lee Iacocca, former CEO of the Chrysler Corporation showed transformational leadership he brought the company from bankruptcy to profitability. About the company Daimler AG is the most succesful German automotive manufacturing company founded in 1883.initially it was named as Daimler Motoren Geselleschaft. The Daimler group is worlds biggest manufacturer of premium cars. In 1998 Daimler merged with Chrysler Corporation and got a new name DiamlerChrysler AG.In 2007 Cerbeus Capital Management acquired Chrysler corporation as Chrysler was lacking the liquidity needed by the financial markets and again company was renamed as Diamler AG(Thornton Meyer-Larsen, 2000). Gottlieb Daimler and Carl Benz were the companys founder and automotive pioneer who introduced high quality products and safe mobility. Daimler is a company whose commitment is towards excellence and increased profitability.the investors of Diamler are majorly European, us and other investors internationally. The company has turnaround of approx EUR 99.4 billion(IFRS, 2008). It has manufacturing units in 17 countries. Chrysler Group LLC is a automobile manufacturing industry was founded in 1925 by Walter Chrysler.It is worlds thirteen largest vehicle manufacturer(OICA, 2008). Chrysler Group was stuck in unstable financial state and was declared bankrupt.after that attempts were done to take control of company by the largest shareholder Kirk Kirkorian in collaboration with Lee Lacocca. The headquarters of Chrysler group is in Detroit, Michigan (Turnock Cobbs, 2003). Major market area of Chrysler was US. There was a need to expand the market space to earn global revenue and increase profit but that required greater investment and the company was in lack of funds this created a rise of merging the company with some strong stable company to increase the market space as passenger cars were sold widely out of US but the company had no plants abroad. So it choosed Daimler AG as a potential company to merge with because of its wide access to international market and financial stability. (Geisst, 2004). Transformational leadership Lee lacocca is a designated leader whose leadership drastically turned around Chrysler organizational culture. Leadership is forged in time of crisis. Leadership qualities of lee Iacocca include the following 9 Cs which helped him to bring the cultural change in Chrysler group. 1. CURIOSITY- lee iacocca always put his belief to test and get idea from people he was voracious reader as he wanted to keep himself aware about the global changes. 2.CREATIVE- lee Iacocca was always willing to try some innovative ideas. He believed in thinking out of the box. He was able to manage change in the company. 3. COMMUNICATE- he was able to face the reality of bankruptcy of the company and tell stakeholders the truth about the merger. He could disseminate information properly. 4. CHARACTER- lee Iacocca was a person of character he knew the difference between right and wrong. He had all the powers still he had the guts to do the right thing. 5.COURAGE- the best leadership quality of lee Iacocca is the courage and ability to do commitment and do negotiation by sitting and talking. 6.CONVITION- he was a very passionate leader. His passion was the success of company and increased capital for which he had fire in the belly 7.CHARISMA- lee Iacocca had certain qualities which made people follow him. He was able to inspire the employee during crisis and everyone trusted him. 8.COMPETENT-he being a leader exactly knew what he was doing for the betterment of company moreover he always took suggestionfrom people. 9.COMMON SENSE-It is the most obvious character of a leader as he should be able to know certain logical things in order to bring change. CHANGE MANAGEMENT Change management is a sequential way of transiting organizations from its recent state to desired future state. Changes are applied to any system according to predefined model or framework. The main objective of change management is to maximize profit and minimize risk involved during implementation. Various types of changes are[appendix 1] Structural change Strategy change Technological change Cultural change More over there are many models for change management that are very useful for organizational development and prosperity. They are as follows[appendix 2] Adkar model. Formula for change. PCI(people centered implementation). John P Kotters eight steps to successful change Merger and acquisitions Mergers and acquisitions is a business venture where two or more companies join together theirs resources and increase capital to create a new company with entire enhanced operational capacity. Company can change there name and structure as well(Gaughan, 1999). An acquisition is a business tactic to buy and absorb one company by another .a proper strategy should be planned so conflict can be avoided and corporate culture of company is maintained (Ireland, Harrison Hitt, 2001). When two companies with different culture, values and working methodologies integrate into one single unit to acquire expertise and increase synergies and profit revenues. According to a survey 55% to 70% of M A fails(Carleton cited in Schraeder and Self, 2003).mergers should be taken as in benefit of both external or internal environment of the company. most important during merging is to communicate in order to learn the cultural differences of both the companies. Relations before and after merging should be properly maintained and conflicts should be avoided(Herndon Galpin, 2000). To ensure a smooth transition during merger/acquisition process stability should be achieved by formulating strategies. Change management here focuses on minimizing employee attrition and to boost them for better work. Communication is most important to ensure stakeholders agreement and understanding. There are four phases of communication under change management(Mueller, 2003). Announcing the merger All stakeholders should know about merger by the company only not by the media. It makes them feel a part of company and they think for betterment. (Scherer Ravenscraft, 1987). Approval by authority All stakeholders should provided information about impact of merger and the reasons for merger there should be no conflict. Transparency and honesty are of great importance(Mueller, 2003). Closing the deal Dont exaggerate the situation try to decrease the fear of reducing jobs during merging. Prepare employees mentally and emotionally by providing factual information. (Ireland, Harrison Hitt, 2001). Changes completed All stakeholders must know about the achieved promises to maintain a good image. It is evaluated to know the success ratio so it can be implemented in future(Scherer Ravenscraft, 1987). Reasons for merger The merger between Daimler and Chrysler happened on May, 7th 1998 both the companies wished to make a multi billion company to dominate car market so they got merged(Gaughan, 1999). The main reason was to increase product range and expand global market. Both companies had diverse methodology of work so merger was considered a better option. (Fairfield-Sonn, 2001). The reasons for merger are: Market share of company fell from 16.2% to 12.2%.(IM survey,2007) Company went bankrupt because a group of bondholders rejected the companys Two third of senior manager resigned because of financial instability. Chryslers profit decreased 90%. Chrysler ranked on seventh among seven automakers. Not invented here syndrome kept Chrysler from sharing ideas. Strength and weakness before merger Daimler Chrysler Strength Technological engineering Quality strength Premium luxry brand with rich heritage German efficiency Strength Flexibility Creativity Self responsibility Concept cars Market opportunity Low production cost Weakness Hardly flexible Low potential High cost Lack of production ability Weakness Less discipline No investment in R D Loss of key players Not able to compete global market. Difference between American and german business culture American and german haves different style of work Concept american german Practical experiences Training on job concept followed Focus on education and qualification Pragmatism More goal oriented than germans Focuses on deeper knowledge Flexibility Career flexibility much bigger in america Job security more important Informality Friendly impression by use of first names etc Less common in german as they believe in personality Job security Employees can be laid off very easily Judges on basis of individual performance Cultural change Merger should be where culture of both companies are almost similar and had employee support as well (Chatterjee, Lubatkin, Schweiger, and Weber 320). For any organization culture is a vital element to decide how things are done and the manner new products are marketed and lot more things.(Weber and Camerer 401). Christine grosse carried a cultural knowledge survey and found 80% people were benefitted by imparting knowledge of local culture(Grosse 366). Diamler Benz was a rigid company with bureaucratic corporate culture with quality standards. Culture was too authoritarian. Chrysler was having a informal culture outward oriented and less rigid. Since Diamler and Chrysler was now a transnational company dealing with two cultures was a difficult task to manage Organizational culture in recent trend in focused on external environment and more open focus oriented and risk tolerance is high. Employees are trained to go that extra mile for the company New culture After change implementation there were five enablers that formed the basis of Chrysler new culture these are Better communication Continuous training Better human resource system Accurate practices. Improved process. in the new culture teams were formed at general level. In 1994 chrysler introduced new 360 degree type process in which everyone including peers rate you. The new culture gave the staff a feeling of ownership in the company and gave them a dynamic environment. For transformation several strategic plans were implemented. In the new culture young innovative youth was the captain and new skilled designers RESISTANCE TO CHANGE Resistance to change is one of the basic reason for the failure of change process and its implementation. Resistance to change in general is ubiquitous by nature. It is defined as a natural response to any reaction or threat of change(Block, 1989). There are number of factors that cause resitance including individual,factor group factor and organizational factors. In Chrysler group the resistance was basically seen in 3 areas: Technical systems resistance- Chrysler resistance in technical field included fear of change, loss of sunk costs and work oriented approach. Political systems resistance- it comes from internal coalitions against change. Chrysler group had limited resources and it admitted change was essential. Cultural systems resistance- Chrysler group was having a perceived vision that the whole merged company is a single unit so current culture should not be sophisticated to accept cultural changes in the company. Factors causing resistance to change Cause Outline Fear of the unknown Being uncertain about the nature of a change, Chrysler group was uncertain about the future and on going impact of change. Loss of control The organization felt that changes are done to them but they are not able to take part in change. Loss of face Chrysler group felt very embarrassed because of change and it thought that work done by company in past was not futile. The company repo changed. Loss of competency The existing skills of the company after merger did not got changed. Need for security Company worried for its new role after merging Poor timing It was asked to change at a time when they already feel overworked Force of habit Not liking to change existing ways of doing things, feeling comfortable in existing routines and habits Lack of support Lacking important support from direct supervisors, not having correct resources to properly implement change. For treating resistance as positive utility Chrysler group tried to be proactive but there was absence of appropriate change theories that incorporated this feature. So manager of the company engaged other people to identify the resistance, to test and to implement successful change. (Dettmer, 1998a; Houle and Burton-Houle,1998). Conclusion For overall activities of organization culture of an organization is very important and should be taken into consideration(Sicilia Lipartito, 2004). Conflicts should be avoided and activites affecting culture should be strategically arranged. Business acquisition and merger should be planned strategically as they are very important part of organization change.communication is the most vital element of organization. To ensure stakeholder participation there should be proper communication channels. Both the companies had different culture that was one of the reason that merger couldnt be that effective. There was definitely a need for change management at Daimler but merging with Chrysler was not only the best solution there were other alternatives: Strategic alliances- it will increase global market but won be helpful for the development of R D Ddepartment. Outsourcing- I can improve the quality and innovation and reuce cost. Chrysler could have concenterated on core competencies and outsource non core values. Example development of vehicle platforms could be outsourced to Chrysler by diamler.

Global Warming Essay -- Environmental Global Climate Change

Global Warming Global Warming, aside from pollution is one of scientists biggest concerns. Global Warming is caused by the Greenhouse effect. There are 4 steps in the Greenhouse effect process. The first is, sunlight radiates from the sun, through space, to the Earth’s atmosphere. The second is, sunlight enters the atmosphere and hits the Earth. Some of that sunlight turns into heat energy in the form of infrared light. Surrounding air and land, which in turn makes the heat warm, absorbs the heat. Third, the greenhouse gases trap infrared rays that is remitted into the atmosphere. Finally, the gas then absorbs the light and is remitted back to the Earth’s surface and warms it even more. Another cause of Global Warming is the emissions of greenhouse gases due to the increase in technology that humans have developed. One recent study by the IPCC (Intergovernmental Panel on Climate Change) said that unless governments do something to restrict the emissions of greenhouse gases to a lower level, global temperatures could rise 1.6 to 6.3 degrees Fahrenheit by the year 2100. This would represent the fastest rate of global warming since the end of the last ice age more than 10,000 years ago. With the increased warming of the Earth it could lead to catastrophic events that could endanger living species on our planet. One event is major drought all around the world. With the warming of the planet, the water on the ground would quickly evaporate causing the rivers and lakes to qui...

Jack Kevorkian Essay -- essays research papers fc

After talks with her husband, sons, minister, and local doctors; Janet Adkins decided she didn ¹t want to undergo the sustained mental deterioration that Alzheimer ¹s Disease caused (Uhlman 111). She began to realize she had the disease when she started forgetting songs and failed to recognize notes as she played the piano (Filene 188).  ³She read in Newsweek about Dr. Jack Kevorkian and his Å’Mercitron ¹ machine, then saw him on the Å’Donahue ¹ Television show ² (Filene 188). With her husband ¹s consent but objections by sons and doctors, she telephoned him to arrange to kill herself (Filene 188). She still had a life expectancy of at least ten years with the illness, but she wished to die. She wanted to die before the disease robbed her of her competence (Larson 229). Kevorkian later killed Adkins and faced the consequences boldly (Hendin,  ³Suicide in America ² 247). The background, process, and effects of Dr. Kevorkian ¹s questionable first patient, Jane t Adkins, have a very detailed story in them. Janet Adkins led a very productive life up to and even after she had been diagnosed with Alzheimer ¹s, but she couldn ¹t handle losing control of her brain (Filene 188). She was 54 years old and lived in a wealthy Oregon suburb with her stock broker husband, Ron. She was also the mother of three sons, taught English and piano, went hang gliding, trekked in Nepal, climbed Mount Hood, and generally behaved with a lot of energy (Gutmann 20). She and her husband were longtime Hemlock society members, which advocates Euthanasia in some cases (Betzold 22).  ³Doctors at a Portland hospital told her that eventually she would be dependent on her husband for feeding and bathing ² (Gutmann 21). She did not want to take her own life in case she messed it up, and her own doctors wouldn ¹t help her (Hendin ,  ³Seduced by Death ² 132). Though she was still able to carry on clear conversations and demolish her son at tennis; her husband explained that if she was going to go, she ¹d probably want to go to soon rather than to late (Gutmann 21). After hearing about Kevorkian, Ron Adkins contacted him to employ his services (Wolfson 56). Her husband complained to Dr. Kevorkian that he had to remind her of the times of her tennis lessons, and that she kept leaving her purse in the house. After the brief conversation, Kevorkian agreed to meet with her (Gutmann 20).  ³Dr. Kevorkian was a ret... ...termining how ill she was. Also the method of which he carried out the suicide raised questions (Hendin,  ³Seduced by Death ² 130). Among supporters of Euthanasia he became something of an antiestablishment here (Larson 230). This was the first of over a hundred assisted suicides that he would perform (Uhlman 111). Works Cited Betzold, Michael.  ³The Selling of Doctor Death. ² New Republic 26 May 1997: 22-28. Fessenden, Ford.  ³Matters of Life and Death. ² Newsday 10 June 1995: 7. Filene, Peter. In the Arms of Others. Chicago: Ivan R. Dee, 1998. Gutmann, Stephanie.  ³Death and the Maiden. ² New Republic 24 June 1996: 20-22. Hamel, Robert. Must We Suffer Our Way to Death. Texas: Southern Methodist Press, 1996. Hendin, Herbert. Seduced by Death. New York: W.W. Norton and Company, 1997. Hendin, Herbert. Suicide in America. New York: W.W. Norton and Company, 1995. Larson, Edward. A Different Death. Illinois: Intervarsity Press, 1998. Uhlman, Michael. Last Rights. Washington D.C.: Ethics and Public Policy Center, 1998. Wolfson, Adam.  ³Killing of the Dying. ² The Public Interest Spring 1998: 56.

Frankenstein: How To Read Literature Like Professor

In Frankenstein, Mary Shelley uses symbolism and allegory to depict the actions of the main characters and what their actions truly mean. In How to Read Literature Like a professor, Thomas C. Foster asks his readers what you think a symbol stands for, Foster also writes â€Å"[whatever] you think it stands for, it probably does. † (ninety-seven) Frankenstein contains many symbols, however there is only a few symbols that truly support our findings the whole nine yards.There are six specific symbols and allegories that were purposefully chosen to support our findings: Light, The Bible, Alps, Water, White, and Lightening. light, shelley establishes light as a symbol on the very first page, when walton tells his sister that he’s heading off to a â€Å"country of eternal light â€Å" where the â€Å"sun is forever visible† (letter one. two), our first indication that light isn’t all good when the monsters first sensation is of â€Å"light pressed upon [his] nerves† (eleven.one).The light does not benefit to the daemen, it only allows people know how hideous he truly is. The Bible in frankenstein is not a symbol but in fact it is an allegory, the monster is compared to adam the first man in the Judeo-Christian Tradition, â€Å"like adam i was apparently united by no link to any other being in existence†¦. † later on the monster is also compared to satan â€Å"Many times i considered Satan as the fitter emblem of my condition. † (15.7)The Alps is another important symbol that helps bring the true meaning to the characters actions, Frankenstein goes to The Alps, The Alps combined with it’s beauty took his mind away from his horrible time with the results of his creation. In Frankenstein, water figuratively brings life to Frankenstein whether he is traveling on it or drinking it. it brings him life and inspires him to be close to nature. Walton believes the light of the far North as eternal and full of hope â€Å"What could not be expected in the country of eternal light?†Light is important to all the characters in Frankenstein, Light guides the Character through Important decisions. However many of the decisions that the characters have made could have gone a different way, when Frankenstein decides the truth of how his younger brother died from his family already clearly told the readers what the result might be. Lightning is also a symbol in Frankenstein the tree being burnt by lightning. Here lightning represents the destruction/creation dichotomy. Just as the tree once grew the lightning destroys it.

Ladron de la mente book report

This book was written by Elias Miguel Munoz, Cuban American writer, who wrote series of books in Spanish language for people, who learn Spanish. He was born in 1954 and is known as editor, teacher and literary critic. He was a talented student as well. Elias Miguel was a man of society, he always thinks about the future generations and makes everything in order to support talented youth. As far as we know, CSU Dominguez Hills received donations of $26  000- this amount was donated by Elias Miguel Munoz and Karen Christian to create the Miguel Gallegos Memorial Scholarship. â€Å"Since I’ve graduated, I’ve had a dream of doing something for Dominguez Hills. I feel so proud of the education I received,† Munoz says. â€Å"And it honors me to be able to give back to the University that did so much for me. The professors in the Foreign Languages Department guided me toward a doctoral degree. My first exposure to literature was at Dominguez Hills, and that led me to writing, which is such a major part of my life now. It all started there.† (http://www.csudh.edu/InvestInUs/PrivateDonors.asp ) After he graduated from CSUDH, Elias Miguel Munoz entered University of California, Irvine (UCI) and received degrees of Master and Doctor in American and Spanish Literature. Moreover, he even began to teach literature at the University of California and everybody there were impressed by a talented student who so brilliantly spoke Mexican and English languages. (http://www.csudh.edu/InvestInUs/PrivateDonors.asp ) Elias Miguel Munoz wrote a lot of books and among them are â€Å"Crazy love† – the book which is a kind of novel where is described an immigration from Cuba to Florida, and which has a lot of information regarding the Cuban-American culture. Among his books are â€Å"Los Viajes de Orlando Cachumbambe (Coleccion Caniqui)†, â€Å"Quia Online Worksbook/Lab Manual t/a Dos Mundos: En Breve†, â€Å"Brand New Memory†, â€Å"En Estas Tierras†, â€Å"Fray Alberto de la madre de dios; Arquitecto (1575-1635), â€Å"Torres y castillos de la Cantabria medieval†, â€Å"Ladron De La Mente†, etc. â€Å"Ladron De La Mente† is of great interest not only for teachers of Spanish language, but also for students and all who start to investigate the mystery of this melodic and amazing language. The chapters of the book are quite short but easy to understand and very interesting. The main heroes of the book behave in such a way that you cannot tear yourself away of the book and you while you are reading, you have the feeling that you are the main hero and you experience all the things that happen there from the very beginning till the end of the story. The story takes place in Madrid (Spain), and the book has a lot of pictures and illustration of the beautiful suburbs of Madrid. It has a glossary at the end of the book, so the students can see unknown words to understand the story more clearly. The subject of the book is dedicated to a young woman and her strange, incomprehensible, mysterious boyfriend and the story is full of mystery, mystics, time travel; it is full of supernatural events, which take place and things one can hardly understand, without explaining it with the simple but strong word â€Å"magic†. Elias Miguel Munoz gives in the book some elements of Spanish history, which in his explanation is of great use for students and allow learning something about Spanish history in an easy and interesting way. During the story takes place and continues, students find out what happens to a thief who steals a thing or something which cannot be named as property, but something else. One of the main characters in the story is Marisol, a young woman. Marisol is a interpreter for one computer company specialized on software, and lives in Madrid with her friend Javier and sister Rocio. Here she is depicted like a beautiful young female with her thought and strong doubts. When the reader investigates the story, he almost associates himself or herself with Marisol, living her life and being the one with her from the beginning till the end of story. The reader connects himself with her from the very beginning. The main hero has a charming character but acts very reasonable and with a bit of irony. For example, she compares herself to Dulcinea – a female character of Servantes’ novel â€Å"Don Quijot† and to another female character in one challenging computer game â€Å"Damsel in Distress† Alfonso – the other character of this interesting story is a charming, tempting and seductive character, who shows his actual face and shows his worth from the bad side gradually. He is able to mask his real â€Å"face† for quite a long period of time and in the book he is charming and seducing Marisol like a real worshipper. Marisol was tremendously tempted by his behavior (http://www.amazon.co.uk/exec/obidos/tg/stores/detail/-/books/0072326174/reviews/026-3948048-6710013 ). Javier and Rocio are the secondary heroes of â€Å"Ladron De La Mente† and they are quite deeply developed by Miguel. Marisol narrates everything what is going on with her and what she is experiencing, in her diary – so the story is written partially in a diary form by her. Still, she leaves a space for other characters to show out their feelings and thoughts. The entire story is penetrated by supernormal events and computer technologies – so the story is very modern (http://www.amazon.co.uk/exec/obidos/tg/stores/detail/-/books/0072326174/reviews/026-3948048-6710013 ). Marisol likes to go to the cinema, to the theater, museums, to experience bright and jolly celebrations – to live a joyous life. Still, she likes museums and paintings there -she says that the work of Guernica influence her very much. She likes also paintings of Dali: â€Å"Aquellos relojes dormidos, flà ¡ccidos,vacà ­os de vida, me parecà ­an el presagio de algo; eran la imagen muerta de un tiempo sin tiempo† – dice Marisol (These weak, empty hours of life, they seemed to me an omen of something, it seemed to be an image, which died from time without time†,- tells Marisol about â€Å"The Persistence of Memory† (Dali, 1931). This work reflects every feeling, the painter wanted to show – feelings of inhabitants of the settlement, and victims of the war. Marisol surfs the internet, she reads science fiction and makes some quite interesting associations and connections between the books of fiction and her own challenging story. In every chapter we find themes of Spanish culture, which are very important in the history of Spain. Works Cited: 1.  Ã‚  Ã‚  Ã‚  Ã‚   Elà ­as Miguel. Ladrà ³n de la mente. Boston: McGraw Hill, 2000 2.  Ã‚  Ã‚  Ã‚  Ã‚   http://www.csudh.edu/InvestInUs/PrivateDonors.asp 3.  Ã‚  Ã‚  Ã‚  Ã‚   http://www.amazon.co.uk/exec/obidos/tg/stores/detail/-/books/0072326174/reviews/026-3948048-6710013      

Leadership/Drum Major Paper Essay

I think I would make a great drum major because I believe people take me as a leader and respect and listen to what have to I say. Though I usually am the leader I also am a good listener. When people have problems or have ideas to make the show better I will listen to whatever has to be said. To me being a drum major would be a great accomplishment and an awesome chance to help out our marching band. I have found from being in the marching band that each member wants respect. I intend to give respect first and in doing that I believe I will receive it from my piers allowing this whole experience to be a perfect one. I understand that with this job comes great responsibility, and I am definitely ready for it! Being a member of the Woodland High School marching band for two years, I now have an idea of how to make band more attractive to everyone. Making the time spent in band class and at after school practices most effective is a major prerogative of mine. I would like to make it our number one goal to get every band member to learn, and memorize their music. This will allow the show to be ready as early as possible so it gives ample time to perfect formations, add character to the show, and make it our own. By doing this I know our scores will be significantly higher than last years. Most importantly each member will understand that hard work does pays off. I love music. I never hesitate to sign up for any extracurricular band I can get into. I love being involved, I love growing as a musician. I also love marching band- it’s so challenging and so draining, but it’s such an amazing experience. I have a zealous enthusiasm for music and marching band that propels me forward, and can apply this to my role as drum major. Energetic leaders are much better than halfhearted ones. * My philosophy on leadership is simple: lead by example, always help, and never quit. When I was a freshman, I looked up to the marching band veterans because they were already excellent at something that I was struggling to master. Having role models is inspiring; it gives people something positive to emulate. Additionally, I always offer to help- whether that means * Moving and unloading equipment, or coming in early to work with a marcher who needs a little extra assistance. Furthermore, quitting is out of the question for me. Using excuses instead of giving your best, giving up on something (or someone), or abandoning your responsibilities are things I absolutely do not believe in. Promoting excellence in others starts with promoting it in you. * I am unique among the other applicants seeking this position because of the qualities I have listed above. My musical experience, my determination, my diligence, and my passion for music make me singular among the many.

The Business of Business Literature review Example | Topics and Well Written Essays - 3000 words

The Business of Business - Literature review Example There are three different schools of thought or approaches on ‘Corporate Social Responsibility. They can be classified as Neoliberal approach Neo-Keynesian Radical Political Economy In the Neoliberal approach, Corporate Social Responsibility is defined as the basic and fundamental set of policies, codes or guidelines which drives the basic running of a business (Lockwood, 2012). It is mainly based on the viewpoint articulated by Friedman that the main social responsibility of a business is to effectively use its resources and employ those activities which increase the profits of the business as long as it engages in free and open competition without any deceptive and fraudulent activities (The Guardian, 2009). In an article, a neoliberal journalist, Ahaner (2012) rightly pointed out that the main flaw of Corporate Social Responsibility is that the businesses justify their existence by acting on higher moral grounds. According to Riley (2011), the main idea of the pursuit of pro fit not being associated with public good simply does not match up. Adam Smith had rightly said that â€Å"it is not from the benevolence of the butcher, the brewer or the baker that we expect our dinner, but from their regard to their own self-interest†. Although most of the neoliberal advocates agree that Corporate Social Responsibility hinders the achievement of the primary purpose of the business, they agree that it will be profitable for the companies in the long run if they adopt Corporate Social Responsibility in their policies (Jedrzei, 2007, pp. 669-681). Furthermore, Yuan (2011, pp. 75-92) adds that even if Corporate Social Responsibility hinders the businesses profit-making, it is imperative to note that it can be used as an important insurance strategy to lower the risks of adverse media campaigns, consumer backlash to corporate behavior and government intervention. On the other hand, Cai (2011) defends that the advocates of Neo-Keynesian have a wider approach by recognizing the active role of the business stakeholders. However, there is no general definition of Corporate Social Responsibility and it is mainly construed as having no formal and external set of regulations by both the stakeholders and the state. The Neo-Keynesian theory is different from that of the neoliberal perspective is many ways. The main difference is that the Neo-Keynesian recognizes that market failures or lack of corporate awareness can have negative impacts on corporate behavior (Thomsen, 2010, pp.139-142). Advocates of neo-Keynesian are mostly concerned with the corporate environmental policies, regulations, and policies related to workplace and mainly the environmental and economic consequences of business activity. Marquez and Fombrun (2005, pg. 304) explain that advocates also entertain the thought of a positive role of the state in enforcing regulations and policies of Corporate Social Responsibility. The third school of thought, The Radical political economy h as a skeptical stance on Corporate Social Responsibility by following a different viewpoint on the existence and the abuse of corporate power in terms of both global and local economies.