20 Cognitive Biases That Screw Up Your Decisions

20 Cognitive Biases That Screw Up Your Decisions A subjective inclination, as per Wikipediaâ refers to a systematicâ deviation from objectivity whereby our judgment of others and circumstances are drawn from a nonsensical line of reasoning. This means we frequently settle on our choices dependent on feelings instead of rationale. Furthermore, this can lead us to settle on extremely awful choices that could be inconvenient to our personal satisfaction. Alright, so we settle on terrible choices. What would we be able to do to fix that?  We can begin by realizing what the more typical inclinations are. On the off chance that we realize what they are, we will have the option to distinguish when they are currently happeningâ . That being stated, here is a rundown of 20 intellectual inclinations that botch our decisions. Source: [BusinessInsider]

Globalization Essay Example | Topics and Well Written Essays - 1500 words - 10

Globalization - Essay Example Data sharing and two-sided or vital ties among world countries have been the two significant branches of globalization. The present reality is properly named as a worldwide town where no nation can remain in separation. Be that as it may, all these positive effects of globalization don't keep one from surveying its negative effects; globalization has likewise offered ascend to psychological oppressor changes and sorted out violations, for example, sex the travel industry, mafia and medication dealing systems all through the world. This paper looks to investigate whether the beneficial outcomes of globalization can exceed its negative effects. One needs to have careful comprehension of the significance of globalization before breaking down its positive and negative consequences for world countries. Robert P. Clark’s proposes that globalization is â€Å"the process by which an ever increasing number of individuals come to encounter the world as a solitary place† and that this â€Å"transformation necessitates that we have the option to think all inclusive, that is, consider our reality as a solitary, incorporated entity† (Clark 2002, p. 1). As the creator makes it understood the opportunity has already come and gone that everybody accepted the accountability of a worldwide resident; as worldwide residents every one ought to have the wide mindedness to think all inclusive; nobody ought to be moved by slender patriotism. Globalization has encouraged unhindered commerce, outside ventures and worldwide capital markets and there are numerous who hold the view that globalization advantage just the industrialized created countries. Nonetheless, one needs to concede that the most striking effect of globalization is that the world has become an open market where open exchange and mechanical linkages have gotten so normal and simple. This is all around saw by Prakash S. Sethi when he expresses that â€Å"globalization and the unlimited progression of capital, merchandise, and administrations lead to the making of riches and flourishing among all taking an interest nations† (Sethi 2002, p.3). Global organizations have offered new skylines of

The Part Time Scientists Use MindMeister to Get to The Moon

The Part Time Scientists Use MindMeister to Get to The Moon Berlin based, Robert Böhme is a programmer with high aims. When he’s not working on projects for the German Federal Ministry of Education and Research, he and his fifty-five person team from around the world, aka the Part Time Scientists, make up the youngest team competing to win Google’s $30 million Lunar X Prize. And they’re using MindMeister to get there. The team was invited to display their progress at the Berlin International Airshow this past June. As any aspiring rocket scientist will tell you, getting to the moon isn’t cheap. The Berlin Airshow served two purposes for the Part Time Scientists; exhibit and gather interest in their Google Lunar X Prize entry, and, meet and greet potential sponsors of the project. Naturally, the team planned on exhibiting their two moon rover prototypes at the show, but the exhibit is only one part of the final production. The Part Time Scientists  are just that; Scientists, and not event organizers. So when the time came to plan out their big splash, they turned to MindMeister. When faced with such an excellent opportunity, the Part Time Scientists knew they wanted to get this one right. With a shopping list of preparation items, “What do we need to put which item on display? Which services are available to exhibitors, and how do we get them? Etc,” the team wanted to collect and share data with all the relevant players. Ideally, they wanted all of this data in one centralized document, thereby eliminating duplicate work, as well as serving as a “did we forget anything?” checklist. “Its true that as soon as the event has started, the worst things are over But we still had to get to that point,” says Inez Mischitz, editor of the team. With so much riding on this one event, the team knew that it would take their collective brainpower to nail this presentation. To this end, they looked to MindMeister as a brainstorming and creation tool. Not only did the team address a number of “standard” questions and answers they were sure to receive at the show, but also used MindMeister to design the overall look and feel of the exhibition booth. As their name suggests, the Part Time Scientists are just that: Part Time. Therefore, they have no centralized office where they all physically meet. The ILA Berlin Air Show team, consisting of 5-8 people based in Berlin, Hamburg, and France converged via VoiP once a week for several weeks leading up to the exhibition. The team used these collaborative sessions to use MindMeister to map out every possible idea they could think of. Based not only on the collaborative features of MindMeister, but also the “available anywhere, anytime,” functionality, the team would insert ideas during meetings, between meetings, and sometimes from the road, or the air. Nearing the end of the planning process, the Part Time Scientists Berlin Air Show team had collected ten individual branches, each containing dozens of thoughts, ideas, checklists, and actionable items. “We had been making extensive use of MindMeister before, but I never received as many email notifications as I did during the weeks we were planning our booth,” comments Mischitz. When launch day arrived on June 9th in Berlin, the Part Time Scientist team put their mind map(s) to work. Arriving on site that morning, Inez comments, “All we had to do was ‘assemble the parts’ of our booth according to our mind map. Without a solid plan of action, or one done as a simple list, it would have been far too easy to overlook something.” The Part Time Scientists successfully displayed their project to over 225,000 trade visitors, as well as the general public. The team received quite a bit of attention concerning their Asimov Jr. R2 rover prototype, so much so, that Peter Hintze, Federal Government Coordinator of German Aerospace Policy stopped by to see what the team were up to. “When we started the Part Time Scientists, we would all gather around a whiteboard. As time went by and the team started expanding beyond regional borders, we quickly realized we’d need a better solution,” adds Project Leader Robert Böhme. “That was when we discovered MindMeister. We agreed on a partnership and we’re happy to say that MindMeister is one of our very first official partners supporting us in our goal to win the Google Lunar X-Prize!”

Bmx Cycle Solutions - 1469 Words

Question # 1 What business is LCI in? What are the key success factors? How operations can contribute? LCI BUSINESS: LCI was founded in 1994 by Mr. Sheikh Ubaidullah, a Former Chairman of Pakistan Cycle Cooperative Society Limited. LCI is located at Ferozpur Road, eighteen miles south of Lahore Pakistan. LCI marketed its bicycles under the brand name of Leader bicycles. LCI was in bad shape and financially bankrupt , all shops run by one supervisors , its production was practically zero when Managing director at Descon Mr. Razaq Dawood acquired LCI in June 1999. He hired new 6 engineers since 1999 in following departments like production planning, production scheduling, inventory control and quality control to set up all the necessary†¦show more content†¦Handle Shop: BMX bicycle handles were manufactured at this shop completely, a specific machine automatically bent the placed pipe in a few seconds into appropriate configuration and cut the handle bars to length and knurled. These Knurled to help retain the handle bar grip. BMX enameling and Phosphating Shop: All parts of bicycle were enameling and phasphating, phaspating treatment enabled the steel surface to retain the enameled paint for a long time and provide a durable finish, all partes were placed on jigs and hang on a conveyer, this conveyer passed through a drying oven at a speed allowing each part to be baked at 1500C for approximately 50 minutes. Rim Shop; Bicycle Rims contained at this shop, One mm thick and 83 mm wide metal coils required to prepare rim and these rims imported from barazil or Japan, then front end coil was welded with back end coils and finally, the rims was bent into a required radius and cut after buffing and polishing. Press Shop: A specific machine at press shop for grinding and buffing the parts of rims and two ends of strips had been welded together Saddle, Brake and Hub Shop: Hubs and saddle for BMX cycle were assembled at this shop, loop clips of were manufactured at LCI , other parts like saddle frames and saddle covers were procured byShow MoreRelatedFour Companies that Stand Out in the Cycling Business2398 Words   |  10 Pagesdecades in becoming a successful business. In the last decade four companies have stand out in the cycling business Trek, Cervelo, Moot, and Seven Cycles. Each of these businesses have a different style of promotions strategies, product, and product development to the cycling customers. The cycling industry is in the maturity stage of the product life cycle. Each industry has to find a way to bring in new customers or they will be slowly step into the decline stage. The cycling industry as a wholeRead MoreReport On Avanti Road Racing Bicycle2484 Words   |  10 Pagesof autonomously claimed, master cycling stores that give each rider the best brands, best administration and best guidance anyplace. Avanti have 5 heading bicycle brands with in excess of 290 models of street, mountain and BMX bicycles to look over, including a scope of cycles particularly intended for female riders. There are such a variety of sorts of appropriation strategies in the business sector, from every one of those these are much better systems. Avanti’s desire to continually improve andRead MoreRed Bull Marketing Analysis9152 Words   |  37 Pagestraditional media. The company has known how to create a unique brand image, even if they are more expensive than its competitors. The Red Bull communication is very targeted and located where there are its consumers. They use extreme sports (Formula 1, VTT, BMX) and all activities, which need energy. This fact can urge fans of these sports to consume it. Market Analysis – Demand Point of view Qualitative aspect Red Bull consumers are essentially teenagers and young workers. This drink is often consumedRead MoreProject Managment Case Studies214937 Words   |  860 Pages1 PROJECT MANAGEMENT METHODOLOGIES As companies approach some degree of maturity in project management, it becomes readily apparent to all that some sort of standardization approach is necessary for the way that projects are managed. The ideal solution might be to have a singular methodology for all projects, whether they are for new product development, information systems, or client services. Some organizations may find it necessary to maintain more than one methodology, however, such as oneRead MoreYamaha Motorcycles Is Innovation the Main Driver for Sustaining Competitive Advantage?21109 Words   |  85 Pagesit   links   technological   competences   to   customer   and   marketing   competences   within   an   organisational   strategy.   Su   et   al’s   (2007)   argument   is   also   based   on   overall   product   development   throughout  the  entirety  of  the  company  life  cycle  and,  as  it  focuses  on  innovation  from  a   general   point   of   view.   The   piece   also   makes   the   point   that,   whilst   the   importance   of   knowledge   management   in   product   innovation   is   well   known,   customer   knowledge   management   has   received

Portrayal of Light and Darkness through Characters in...

In the novella Heart of Darkness, Joseph Conrad uses many literary devices to create, for his readers, a vivid picture of what his definition of light and darkness really is. Conrad suggestively uses a technique whereas for every one character that portrays darkness there is an opposite character that portrays some extent of light. This technique can be explained in the form of comparison and contrast, for instance the â€Å"Harlequin† and the Manager. Though these two characters share few comparisons, their contrasts are one in a plenty. The Harlequins character is said to be a Russian man who has an eccentric taste in fashion, coining him the nickname Harlequin. He is also considered the character Kurtz’s â€Å"disciple†, because as a young boy†¦show more content†¦Conrad’s very creepy way of vividly articulating the Manager, gives the inkling that he is indeed the darkness that the title exclaims. Though, these characters may seem to be the polar opposite of one another, they do share some defining qualities. Conrad depicts both characters displaying very bizarre behavior. The Managers character, as described previo usly, has a very cold disposition. He says very random and oddball things, that are not expected of a manager. The Harlequin displays behavior that is less on the cold side and more on the hyperactive side. He is the bubbly, bouncy character of the novella. Some may go as far to say retarded, due to his child-like nature. Another characteristic that they share is that they often tend to babble, but it is a different kind of babbling amongst them. The Manager just kind of talks out of the side of neck, meaning that his words have no meaning which never leads to a result. He loves to hear himself speak. The Harlequin babbles uncontrollably. He speaks on and on about Kurtz, and how great he is, to the character Marlowe. He chatters so much to the point that Marlowe uses him to gain information about Kurtz. Lastly, the traits that the two share are that they are both extremely obsessed with Kurtz. Though, the Harlequin’s obsession stems more from admiration, and theShow MoreRelatedEssay about Heart of Darkness1745 Words   |  7 Pagesin depth review of Joseph Conrad’s Heart of Darkness, a classical novella that illustrates without bias the motives behind human intentions and the extremes individuals can go to achieve wealth and profits at the expense of others with the aim of shedding insight into the rise of European imperialism, the imperial history, its politics and evil activities in the colonized African tribes along the river Congo during the eighteenth and nineteenth century. The Heart of Darkness is an exceptionallyRead MoreThemes and Literary Techniqes Used in Joseph Conrad’s Heart of Darkness688 Words   |  3 Pages Joseph Conrad’s Heart of Darkness A. Conrad’s Heart of Darkness has been criticized as a novel filled with blatant racism, because of its dehumanization of the Africans through name calling and portrayal of them as inhuman. I agree that the terms and wording of this novel are racist and very inappropriate for today’s world to use, but we have to remind ourselves of the time period in which this was written. Conrad’s use of racist remarks like â€Å"savages† and the â€Å"N† word to label the Africans inRead MoreJoseph Conrad s Heart Of Darkness1488 Words   |  6 PagesJoseph Conrad’s s novel Heart of Darkness portrays an image of Africa that is dark and inhuman. Not only does he describe the actual, physical continent of Africa as â€Å"so hopeless and so dark, so impenetrable to human thought, so pitiless to human weakness†, (Conrad 154) as though the continent could neither breed nor support any true human life. Conrad lived through a time when European colonies were scattered all over the world. This phenomenon and the doctrine of colonialism bought into at hisRead MoreHeart of Darkness1699 Words   |  7 PagesThe immortality and blindness to a dark continent Joseph Conrad’s s novel â€Å"Heart of Darkness† portrays an image of Africa that is dark and inhuman. Not only does he describe the actual, physical continent of Africa as â€Å"so hopeless and so dark, so impenetrable to human thought, so pitiless to human weakness†, (Conrad 2180) as though the continent could neither breed nor support any true human life. Conrad lived through a time when European colonies were scattered all over the world. This phenomenonRead More Characters, Setting, Themes, and Symbols of Heart of Darkness1248 Words   |  5 PagesCharacters, Setting, Themes, and Symbols of Heart of Darkness      Ã‚   Deep within the chest of every man, woman, and child beats the heart of darkness. On the surface, mankind has achieved a sophisticated level of civilization. Joseph Conrad forces the reader to peel away the pristine layer of sweetness and see the unaltered truth. Heart of Darkness reveals the true nature that lurks behind every smile, handshake, and conversation. Conrads portrayal of the characters, setting, symbols, and ironiesRead More Symbols, Setting, and Ironies of Joseph Conrads Heart of Darkness1201 Words   |  5 PagesSymbols, Setting, and Ironies of Heart of Darkness   Ã‚   Joseph Conrads novel, Heart of Darkness, is about many things: seafaring, riverboating, trade and exploration, imperialism and colonialism, race relations, the attempt to find meaning in the universe while trying to get at the mysteries of the subconscious mind. Heart of Darkness is a vivid portrayal of European imperialism.   The book in other words is a story about European acts of imperial mastery (1503)-its methods, and the effectsRead More The Role of Women in Joseph Conrads Heart of Darkness Essay969 Words   |  4 PagesThe Role of Women in Joseph Conrads Heart of Darkness Women have taken an increasingly important role in literature. Only recently have authors portrayed women in a dominant, protagonistic light. Sophocles and other classical writers portrayed women more as reactors than heroines. Since the ancient Greeks, however, a trend has been established that gives women characters much more substance and purpose. A definite shift from the antediluvian ways can be seen, and the overall complexityRead MoreAnalysis Of Joseph Conrad s The Heart Of Darkness 1801 Words   |  8 PagesAlly Jones Professor Smith English 1302 November 18, 2014 Female Roles in Joseph Conrad s the Heart of Darkness: In regards to Joseph Conrad’s Heart of Darkness, many literature reviews focus on the motifs of Imperialism, the symbolism of darkness and fog, or the aspect of racism in Conrad’s work. During the era which Conrad wrote, England was going through the Victorian Era, which was marked by a shift in views on morality. The term â€Å"Victorian morality† is used today to describe values whichRead More The Characters, Setting, and Symbols of Heart of Darkness, by Joseph Conrad1780 Words   |  8 Pagesthe brooding nature of his inner self.   Joseph Conrad’s novel, Heart of Darkness, is the story of one mans insight into life as he embarks on a voyage to the edges of the world. Here, he meets the bitter, yet enlightening forces that eventually shape his outlook on life and his own individuality. Conrad’s portrayal of the characters, setting, and symbols, allow the reader to reflect on the true nature of man. The two main characters in Heart of Darkness, Marlow and Kurtz are used to show theRead MoreDr. Miller s Heart Of Darkness1936 Words   |  8 Pages Since the publication of Heart of Darkness, it has been the center of a great deal of controversy that revolves around its depiction of the natives of the continent of Africa at the height of European Imperialism. J. Miller argues that we must first read Heart of Darkness if we are to decide whether or not we should read Heart of Darkness. He also believes that Conrad himself is not racist, but rather he is ironically portraying the prevailing thought in Europe at the time of the novel. Chinua Achebe

Mikume Free Essays

TITANIUM EXTRACTION ASSIGNMENT 1 1. TiO2+Cl2—————–TiCl4+O2 2. Why is an atmosphere of argon used for this reaction ? The titanium (iv) chloride is added to a reactor in which very pure sodium has been heated to about 5500c -everything being under an innert argon atmosphere. We will write a custom essay sample on Mikume or any similar topic only for you Order Now During this reaction the temperature increases to about 10000 c . The reaction is carried out in an argon atmosphere to prevent magnessium and sodium from reacting with oxygen in the air. 3. Another gas used instead of argon. ny of the elements in group O of the periodic table including helium ,neon,krypton,xenon,and radon which are monoatomic and with limited excemptions chemically innert. 4. Why titanium is an expensive metal Titanium is very expensive because it is akward to extract from ore -for example rutile,TiO2 . You cannot use carbon reduction Titanium can not be extracted by reducing the ore using carbon as a cheap reducing agent. The problem is that titanium forms a carbide TiC,if it is heated with carbon,so you dont get the pure metal that you need. The presence of the carbide makes the metal very brittle. That means that you have to use an alternative reducing agent. In the case of titanium,the reducing agent is either sodium or magnessium. Both of these would ofcoarse first have to be extracted from their ores by expensive processes. 5. The atom economy of the process used to extract titanium. Total mass of reactants =212g Total mass of desired product=22g Atom economy=mass of desired product *100% total mass of reactants 22*100 =10. 774 212 The total economy of the Kroll process is 10. 3774 . 6. The atom economy will be lower since it was carried out in an ideal situationwhere all factors are constant and there is no external interference but in real situation extal forces like heat loss,temparature,impurities will affect the system hence a lower value How to cite Mikume, Papers Mikume Free Essays TITANIUM EXTRACTION ASSIGNMENT 1 1. TiO2+Cl2—————–TiCl4+O2 2. Why is an atmosphere of argon used for this reaction ? The titanium (iv) chloride is added to a reactor in which very pure sodium has been heated to about 5500c -everything being under an innert argon atmosphere. We will write a custom essay sample on Mikume or any similar topic only for you Order Now During this reaction the temperature increases to about 10000 c . The reaction is carried out in an argon atmosphere to prevent magnessium and sodium from reacting with oxygen in the air. 3. Another gas used instead of argon. ny of the elements in group O of the periodic table including helium ,neon,krypton,xenon,and radon which are monoatomic and with limited excemptions chemically innert. 4. Why titanium is an expensive metal Titanium is very expensive because it is akward to extract from ore -for example rutile,TiO2 . You cannot use carbon reduction Titanium can not be extracted by reducing the ore using carbon as a cheap reducing agent. The problem is that titanium forms a carbide TiC,if it is heated with carbon,so you dont get the pure metal that you need. The presence of the carbide makes the metal very brittle. That means that you have to use an alternative reducing agent. In the case of titanium,the reducing agent is either sodium or magnessium. Both of these would ofcoarse first have to be extracted from their ores by expensive processes. 5. The atom economy of the process used to extract titanium. Total mass of reactants =212g Total mass of desired product=22g Atom economy=mass of desired product *100% total mass of reactants 22*100 =10. 774 212 The total economy of the Kroll process is 10. 3774 . 6. The atom economy will be lower since it was carried out in an ideal situationwhere all factors are constant and there is no external interference but in real situation extal forces like heat loss,temparature,impurities will affect the system hence a lower value How to cite Mikume, Essay examples

What Is a Loser free essay sample

A loser, according to Mr.. Oxford, is a person or thing that loses or has lost something, esp.. A game or a contest. However, the word loser isnt always used in that context. Usually, appointing someone the title of Loser indicates lack of social status and assumes (and/or expects) of them the consistency of failure-?failure at life. The term loser is closely associated with losing to someone or failure to succeed at something.In a game, someone who does not win is not the winner, and is therefore, automatically the loser. A loser at school takes on the role of an individual tit no or a scarce number of friends though may have many academic accomplishments and may be viewed as someone who has no life. A loser in society is defined as one who is never or seldom been successful at a Job, personal relationship, etcetera-?someone who generally sucks at life. We will write a custom essay sample on What Is a Loser? or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page What type of term is a loser and how is it used? It is a term used to degrade or describe the degraded, and at most times degrades those who use it. But who is a loser? A loser, in the eyes of the victims of public opinion, is a person who may have all of the above traits; a real user is a mindless human specimen holding an identity illustrating everything but a loser, but assigns the term, labeling others, as if it would in some way upgrade themselves.They (who they have been taught by some kind of idiocy or trickery of another alike their kind) ridicule those who fall under the falsely defined definition of a loser. But the most essential lot that makes one an authentic loser is the failure to recognize themselves as one-?the lack of perception as they are faced to faced to their loss of and detachment from their own self-worth.

The First Three Tests to Study Flashcard

The First Three Tests to Study

Theme in The Golden Kite, The Silver Wind Essay Example

Theme in The Golden Kite, The Silver Wind Essay Example Theme in The Golden Kite, The Silver Wind Paper Theme in The Golden Kite, The Silver Wind Paper The Golden Kite and The Silver Wind The first example from the story to support this Idea of cooperation Is the several mimes the mandarins of each village changed the walls of their villages to resemble some animal or object to overtake the other. The mandarin, whose daughter speaks to him from behind the screen, and the mandarin of Khan-SSL literally run their towns into bankruptcy and ruin from the constant changing of the walls. The townspeople all work together and everything stops so they can build the walls. All the citizens join in to construct the new shape of the city walls. Another example of the theme of working together comes from the presence of the daughter and her father, the mandarin. The mandarin is at a loss for what to do. He listens to his daughter, even though it is unheard of to allow the woman to make the decision. The fact that she must hide behind the screen to whisper to her father leads the reader to believe that a ?womans word was not held to any credibility. Yet the father accepts her words and commands that her suggestion be completed. Even the mandarin of Khan-Is listens to the daughter and accepts her final rebuilding instructions. The final example of the theme of cooperation is seen at the end of the story when the narrator states that all is peaceful and calm and that the two towns once again re prospering and sharing in the support of the other. The people became healthy again and the troubles of before disappeared. When they finally decide to work together, the towns again begin to prosper. The daughter of the mandarin makes the point perfectly. Will make a last rebuilding To resemble nothing more nor less than the wind. And we shall build like a golden kite Together, all will be beauty and co-operation. The story The Golden Kite, The Silver Wind, gives us a great example for the theme of cooperation and how working with someone else can help accomplish more than working against someone else Theme in The Golden Kite, The Silver Wind By kilovolt ?Silver Kite, Golden Wind! Theme Essay We struggle with others when it comes to getting our own way. We argue and fight much more. The story by Ray Bradbury, The Golden Kite, The Silver Wind, is a great The first example from the story to support this idea of cooperation is the several to him from behind the screen, and the mandarin of Khan-Is literally run their towns all work together and everything stops so they can build the walls. All the citizens Join point perfectly. Muff will make a last rebuilding To resemble nothing more nor

Peer review Coursework Example | Topics and Well Written Essays - 250 words - 1

Peer review - Coursework Example The post has also demonstrated a deep understanding of the entertainment industry and the different media platforms available in the world. Talk show queens enjoy significant influence in the world (Johns, Weir & Weir, 2014). However, it has failed to demonstrate how Ellen Degeneres can boost her Nielsen scores. The score is the most important measure of the ability of a talk show to create and maintain a strong connection with customers. The responses provided suggest that the student did not invest their time in understanding the talk show industry. Moreover, the post has shifted a lot of focus to online channels at the expense of mainstream television channels. Although the latter is facing a stiff challenge from the former, it has succeeded in maintaining its position as the primary source of entertainment for most Americans. Ellen Degeneres should be rewarded for her hard work. She has managed to establish herself as a major player in the entertainment industry (Rocca, 2012). 1 Kings 11:28 indicate that Solomon appointed Jeroboam due to his skills and outgoing nature. Johns, R., Weir, B &Weir, R. (2014). The power of celebrity: exploring the basis for Oprah’s successful endorsement of Australia as a vacation destination. Journal of Vacation Marketing, Online first version, pp.

Critical Success Factors Essay Example | Topics and Well Written Essays - 3000 words

Critical Success Factors - Essay Example In the past, there has been a great focus on various leadership competencies in the organization, but the specific focus on the project manager and its competencies has been less effective and progressive. The general characteristics of project managers are that they are intelligent and above average in comparison to another employee within the organization. These characteristic traits plus others have been summed up together by different researchers and simply put together as leadership competencies. Other traits that have been identified by other researchers are related to behavior, motivation, energy, and communication skills. It is evident that there is a positive correlation between character traits and project success. One of the greatest researcher Hogan claim that, the success of a project is greatly determined by the personality of an individual. Other researchers like Anderson draw the intention of the organization while selecting project managers. In 1998 Pinto and trailer carried out a study to identify the characteristic of a project leader and they came up with the following characteristics; credibility of the leader, problem-solving capability, flexible management style and good communication skills and tolerance. The same researchers deliberate on the most desired qualities of project managers that are, administrative skills, technical skills, and vision and leadership examples. These managers should posse’s adequate technical skills and knowledge in a certain field.

Issues facing european low cost airlines

Issues facing european low cost airlines As predicted in the beginning of the millennium year by the International Air Transport Association, the low cost airline sector has grown at a rapid pace during the last decade from carrying 6.3% of the domestic and international passengers within Europe in 1999 predicting to increase to 16-18% in 2005 and has become the order of day in Europe. Although the European airline sector was dominated by flag carriers such as British Airways, Lufthansa, Air France etc. with a share of 70%, this fact transformed with the deregulations coming into effect, increasing the need for an optimal model of operation. That is, as the average airfares in the low-cost airlines sector account for just 3% of the average monthly EU industrial wage, customers turned towards these airline services (Datta Chakravarty, n.d). 3.0 Ryanair Profile in brief Ryanair Airlines, founded by the Ryan family was initially a full service conventional airline in 1985 which was introduced as an alternative travelling between Ireland and the UK to then state monopoly Aer Lingus. However due to financial issues it successfully restructured itself in early 1990s as the first low-fares, no frills carrier in Europe modeling based on Southwest Airlines. The responsibility of Ryanair was taken over by a management team lead by Michael OLeary and was soon floated on both Dublin and London Stock Exchanges in 1997 and admitted among NASDAQ 100 (OHiggins, 2007). Ryanair as a leading low-fares airline offers cheap flights to 150 destinations up-to-date along 1000 low cost routes and provide its customers with cheap and fast air travel excluding fuel surcharges with 100% possibility for online check-ins (Ryanair website, n.d). Although Ryanair has not published its vision and mission clearly, they look to find the big picture and set a broad direction and OLearys direction is to be the largest Low Cost Leader in the European airline industry. This vision is supported by absolute dedication to low cost performance in every element of the value chain, quick gate turnarounds, nonunion operations, performance-based incentive compensation plans, standardization on one type of aircraft, and flying (in most cases) to secondary airports, which provides significant savings for Ryanair (Box Byus, 2007). 4.0 Internal Analysis 4.1 Organizations Strategic Capability Analysis Ryanair has positioned itself as the largest low-fares carrier in Europe and as a business which returns value for money to its fare-concuious leisure and business customers. That is, as Ryanair explains, At Ryanair we guarantee you the lowest air fares on the internet. However our success is due not just to our low fares but also a winning combination of our No.1 on-time record, our friendly and efficient people and our new Boeing 737-800 series aircraft (Puget, 2003) which all add up to its value. Its ancillary services improve its value which is 13% of the total revenue. Although there are low-fares airline services in the European market due to the effectiveness of Ryanair it has been able to become market leader with 29.9% of market share in 2006. Their competitors have not been able to effectively copy the low cost strategy and usage of secondary and regional airports. Inimitable Organised Ryanair holds its uniqueness in its operating strategy which is based on low-cost. It adopts point-to-point flights to secondary or regional airports which no other service follows and occupies a one-way pricing policy which eliminates direct comparison with competitors (Ryanair, n.d). Ryanair is well organized within its low-cost strategy. It offers 100% online check-ins and flies to 150 European destinations along 1000 routes. There is no physical check in where passenger is required to forward his passport and reference number (Marketing Teacher Ltd, n.d). It has one-way pricing strategy which eliminates minimum stay requirements within airports (Ryanair, n.d). Valuable Rare 4.2 Company Resources The resources of Ryanair could be categorized and explained according to the following. Type Ryanair resources Physical resources Head office at Dublin airport Ireland 202 Boeing 737-800 aircrafts with 189 capacity 150 destinations through 1000 routes (as at 2010 April) Financial resources Total assets worth à ¢Ã¢â‚¬Å¡Ã‚ ¬4,634.2 million Shareholder equity of à ¢Ã¢â‚¬Å¡Ã‚ ¬1,992 million Total operating revenues worth à ¢Ã¢â‚¬Å¡Ã‚ ¬1,693 million (all as at 2006 March) Human Resource Over 6,300 employees (2008) CEO Michel OLeary Intellectual resources Market share of 29.9% (2006) Customer base of 34.9 million (2006) Largest travel website in Europe The fifth most recognized brand on Google Most profitable airline in the world based on operating and net profit margins on a per-airplane and per-passenger basis (2006) 4.3 Company Competencies No frill, low cost leadership could be considered the most significant aspect of Ryanair and thereby cater from low to middle level customers The ancillary revenue methods such as accommodation services, care rental, in-flight sales etc. which add up to 15.3% (2006) which had a 36% increase during 2005-2006 Possessing the preemptive advantage and being the market leader provides opportunity to expand into other markets including USA, Asia and Africa. Allowing internet access to its consumers leads to elevate sales and reduce the per-units cost Point-to-point short haul flights and usage of secondary and regional airports reduce passenger congestion and thereby avoid high airport charges. The personality of Michel OLeary has a great impact on the success of Ryanair where he personally looks into unique marketing strategies. 4.0 Industry Analysis 4.1 Porters Five Forces 4.1.1 Competitor rivalry -High and increasing The direct and main low-cost competitors of Ryanair include easyJet, Air Berlin, Germanwings, Lufthansa and Tranavia and the industry was joined by approximately 60 new low-cost airlines in 2004 (Experience Festival, n.d). A major reason for the development of this sector was the airline deregulation in 1997 due to which many companies were attracted towards the industry. This resulted in full-service airlines adopting the low-cost strategy eg. Aer Lingus 2002. The economical recession increased the aggressiveness of all competitors as they were compelled to survive in the market which resulted in frequent flyer programmes by many competing businesses including Lufthansa, Aer Lingus etc (flyertalk, n.d). However the attractiveness of the industry is high for Ryanair due to its low-cost structure, use of secondary airports and first-mover advantage along with experience of almost 2 decades. 4.1.2 Threat of new entrants Moderate Although it is accepted that the European budget airline industry is healthy with huge potential and incremental growth, the effect on Ryanair from new entrants could be considered as moderate due to its position in the market, its strong brand name and economies of scale achieved with time. For instance, Ryanair saved 42.6% of marketing and distribution costs through direct bookings in 2002 (Brophy George, 2003). Although the deregulation practices minimized the barriers of entering the industry challenging the market leader would consume both time and resources of the new companies. 4.1.3 Bargaining power of suppliers Low to Moderate Types of suppliers of Ryanair would mainly be fuel suppliers, aircraft suppliers, airport authorities and suppliers of support services. Travel agents would not count at present due to on line bookings. Ryanair has no control on fuel prices which is totally governed by world trade and Middle Eastern countries. However it has a very healthy relationship with the main aeroplane supplier, Boeing (Brophy George, 2003) which also provides the company with ancillary goods and services including technical support and training, spare parts support, training of flight crew etc. Accordingly it could be said that the power of suppliers is at low to moderate level. Eg. Ryanair cancelled its contract with OnAir, the supplier of the on board mobile communication service due to financial issues (Robertson, 2010). 4.1.4 Bargaining power of consumers High The passenger base of Ryanair was 34.9 million in 2006 and 58.5 million in 2008 (Ryanair, n.d) and increasing due to recessionary effects and current recovery stage resulting in attraction towards low-cost air travel. As Brophy and George (2003) explain, the power of buyers depends on standardization of product, elasticity of demand, brand identity and the quality of service. The switching cost is very low for customers due to the parity of services and online bookings. Accordingly Ryanair is compelled to practice competitive pricing. 4.1.5 Threat of substitutes Low to Moderate The major substitutes for air travel in Europe are rail, road and to some extent boat travel. With advantages such as ability of localization, easier accessibility along with safety railway is significant but may take longer to reach the destination. Ryanair with its low-fare structure is comparatively cheaper than railway which directly substitutes its services through excellent continental services. Road travel would provide similar benefits but Ryanair could overcome it through emphasizing on effective short haul schedules. Development in communication could also be a threat to some extent as business professionals could communicate through video conference etc. from one corner of the world to the other instantly sitting at their office desks. 5.0 Macro-environmental analysis 5.1 PESTEL analysis 5.1.1 Political Government laws and regulations regarding increase of airport landing charges The law for carbon emissions passed by the government on the aviation industry charging environmental taxes EU regulation to reduce the inconvenience caused to passengers by delays, cancellations and denied boarding where airlines are to provide standardized and immediate assistance to them Severe security measures imposed by UK authorities due to terrorist attacks 5.1.2 Economical Real GDP growth rate of EU at a reducing trend since 2007 -4.2% in 2009 (eurostat, n.d) Reduction in inflation rate of the EU from 3.7% in 2008 to 1.0% in 2009 (eurostat, n.d) Recessionary effects and current practices for recovery and depreciation of the US dollar 5.1.3 Social Increase in numbers of business travellers Negative perceptions on air travel due to safety issues Attraction to low-cost airlines after the economic recession 5.1.4 Technology Internet competition for online bookings Fuel efficiency, low carbon emissions and low noise emissions from Boeing aircrafts Other technological expansions e.g. Web sales 5.1.5 Environmental Cancellation of thousands of flights due to spread of volcanic ash from Iceland Strict regulations on carbon emissions Considerations on global warming and noise pollution 5.1.6 Legal Laws relating to airport charges and route policies Safety measures taken by governments due to terrorism regarding passengers and airline staff Regulation regarding misleading advertising 6.0 SWOT Analysis 6.1 Strengths Brand image and reputation Ryanair possesses the privilege of being the initial company to the low-fare air travel industry in Europe and thereby has the advantage of being the First Mover or preemptive mover. Most importantly as the market leader Ryanair presents its brand as a bundle of functional benefits including punctuality and efficiency (Puget, 2003). Pricing strategy As the first low-fares airline in Europe their pricing strategy was extremely unique where 70% of the seats are sold at lowest two fares and the rest is at higher prices with 6% sold at the highest and customers are ruled out of fuel surcharges (Marketing Teacher Ltd, n.d). Customers are content with the aspect of value for money and best prices compared to other competing airlines. Marketing strategy They utilize adverts which basically communicate the low-fares factor to its customers. Mostly they use controversy as their promotion method where for instance, bidding to purchase Aer Lingus, the Irish rival of Ryanair, charging  £1 per person for the use of washroom on board from 2010 (Crouthamel 2010), publishing controversy calendars with female cabin crew for charity purposes etc. Also another important factor is the ancillary services or non-flight scheduled services such as hotels, car hires, in-flight sales etc. 6.2 Weaknesses Cost Structure Ryanair is at continuous attempt to reduce costs at any possible situation and therefore it has a negative impact on customer satisfaction due to this high cost consciousness. According to a poll by TripAdvisor in 2006 Ryanair was voted as the worlds least favourite airline and Ryanair is ranked as a 2 Star low-cost airline by airlinequality.com (n.d) which also explains the negative perspective of customers about low quality. Also this cost structure is constantly challenged by the fluctuations of fuel prices. Staff issues Ryanair scores low regarding industrial relations where they are alleged of providing poor working conditions. Ryanair recruit young pilots who could work hard and with experience and knowledge gathered at Ryanair they tend to move on as a result of low commitment. 6.3 Opportunities Expansion to the USA The low-fares structure is not common in the US as it is in Europe and therefore Ryanair would be the first mover to the US domestic airline market as it plans to extend itself under a different brand for long haul flights between US and Europe (McGrath, 2007). It is said that Ryanair would be the cheapest USA flights in history and its popularity and success in Europe would spill over to the new brand. Recession Price has become an extremely important factor in making purchase decisions and therefore Ryanair could score due to its low-fares nature during and at the aftermath of the global economic recession. The grid (Appendix B) illustrates the increased demand towards Ryanair where its passenger numbers has grown by 13% from 2007-2008. New aircrafts and focus on business professionals Ryanair currently owns 189 Boeing 737-800 which are more environmental friendly and larger in capacity. Also discussions are underway for an order for 200-300 aircrafts for 2013-2016 requirements (centre for aviation, 2009). Also with changes in the business world and focus on countries such as China and USA the demand for long haul flights have increased. 6.4 Threats Fuel prices and other charges As Ryanair does not pass on fuel surcharges to its customers, the unpredictability in fuel prices and inexperience in effective hedging compared to its competitors it is at risk of continuing with lowering costs. Also increase in airport and handling charges and route charges due to expansion would also threaten its cost structure. Political influence As Ryanair operates in more than one country it is influenced by various legal requirements which are different to one another and therefore faces difficulties in standardizing processes and practices. 7.0 Recommendations Considering a much more structured marketing strategy which does not depend on controversy publicity. Taking measures to reduce negative publicity through practicing CSR projects and demonstrating ethical behaviour moving away from merely being profit conscious Proving customers with benefits of the low-cost structure through effective customer service which would increase numbers and thereby would positively affect profit margins although costs may increase in the process. 8.0 Conclusion Ryanair as the largest low-fares carrier and the market leader of the European budget airline market has been able to succeed due to its unique and out-of-the-box thinking. With a high rate of rivalry within the industry with big players such as easyJet, Lufthansa, Air France practicing competitive strategies time-to-time Ryanair is required to follow the correct strategies in order to remain at its throne. Accordingly effective analysis of its internal, external and industrial aspects would increase its possibilities. Ryanair with its low-cost strategy and powerful brand reputation could match its strengths with the opportunities in the market, especially those which have arisen due to the economical downturn increasing the demand for low-cost travel. Furthermore, due to its capabilities the industry attractiveness is at a high level for Ryanair. However the business is at a spotlight due to its controversy practices which they utilize as a means of publicity could negatively affect its brand in the long run and therefore should take steps to reduce these effects.

Psychosocial Development Essay

Psychosocial development is a terminology that was used by Erik Erikson in description of psychological development in relation to the human social environment. Generally, the theory is a personality theory that tries to examine the particular traits that are synonymous with the various stages of psychological development of human beings. Erick Erikson identified eight stages of psychosocial development but I will be focusing on the sixth stage which he called the stage of Intimacy vs.  Isolation. He argued that this stage occurs between ages 19 and 40 which fall under the early adulthood of human beings. According to Erikson, this stage is characterized by exploration of personal relationships (Wagner, 2006). This stage involves the individual facing the task of developing emotional and intimate relationship with others around him. However, Erickson maintained that this becomes impossible if the individual has not carved an identity for himself/herself (Carver & Scheir, 2000). At this stage, there is a need to build intimate relationships which will affect the course of the individual’s life. However, Erikson identified that each stage is affected by the previous stage so when individuals fail to build a sense of identity for themselves, they are forced to go into isolation (Stevens, 1983). From my point of view, we have reason to believe some aspects of Erik Eriksson’s view. This is because I fall under this age bracket and I can identify with some of the things that Erikson highlighted in this theory. This stage is the stage when people get married and most people divorce. This is also the time when people decide on who they want to be and what they want to do with their lives. I believe that Erikson’s view on the whole might not be totally true but they surely help us as it identifies some basic things that characterize each stage of development. In conclusion, Erikson’s theory has been criticized by some scholars. One of the things that is leveled against his theory is that it is expensive to conduct such a research (Cole & Cole, 1989).

Bill Proposal

This bill will require all police stations to make sure all of thee r officers take a est. every year over information learned at police academy, including civil right TTS, state and local laws, incident reporting, crime investigation, constitutional law, and criminal p psychology. This bill will also require that if an officer makes below a 75% on the test, they will have to take classes in order to pass the test before they can resume work. This bill will be implemented by the chief police officers of each station in the state.Also, there will be test ad ministration who create the test with the appropriate information listed above from the police academy. Police chiefs will require and make sure that all of their officers take the test and pas s, if they do not test the officers, the station will be fined $5,000 dollars. This bill will need funding for the test administrators. The funds will come from the money made from certain traffic c violations. It will be enforced by the hea d of each police station, they will require for their office errs to take the test and be rectified.The agencies involved in this bill include all of the police SST actions, police academies of the state, and the test administrators. The police stations will be responsible for giving the tests for recertification, and the test administrators will have to word k with the police academies in order to create the yearly tests. The reasoning behind this bill is to reinforce the important information police officers learn during training, so that they are ABA el to perform their job in an accurate manner. This bill will make the actions of police officers MO re trustworthy and reliable due to the fact that their knowledge is up to date and enforced.

Advanced Professional Development - 21653 Words

Level 7 Diploma in Management Studies Advanced Professional Development Level 7 Diploma in Management Studies Advanced Professional Development Contents Introduction 5 Part 1 – Methods to Improve Personal and Professional Skills 7 Management Development Techniques 7 Coaching 12 Mentoring 15 Counseling 17 Stress Management 19 Leadership 24 Management Styles 30 Professional Bodies 35 Chairing Meetings 36 Effective Presentations 38 Time Management 43 Problem Solving 46 Mind Maps 49 Drill Down 52 Decision Trees 54 Thinking Hats 60 Cost†¦show more content†¦Although they have been criticised, these standards provide a specification of competencies, or abilities, which it is argued that managers in various roles and levels require. They can thus provide a starting point for determining development needs and for designing development programmes. Qualifications have been developed using this framework, which requires evidence of competence at work. Many organisations have developed their own competence frameworks. Action learning Most people learn best by doing. If that process can be structured, so much the better. Action learning sets help to achieve this by making making managers focus on solving live issues in their normal working environments by trying out different approaches, with discussion and support from colleagues to help them reflect on their impact. Project working Increasingly, managers work in cross-functional teams, exposing them to different functions and enabling them to learn about different aspects of the organisation and ways of doing things. Putting people on such teams is one way of broadening their experience and effectiveness. Secondments Taking a role in another organisation through secondments for a year or two - or sometimes, in the case of senior people, non-executive directorships - is another way of broadening experience. 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