Academic Report and Financial Calculations 04033 Essay

Academic Report and Financial Calculations 04033 - Essay Example Its appropriateness is examined and the benefit is extracted so as to decipher whether it is acceptable by the company in the present situation (Schlingemann, Stulz and Walkling, 2009; Valipour, Moradi and Farsi, 2012). This is essential for developing a strong business relation between the suppliers and companies. The suppliers should abide the policies that are followed by the company. Similar case is seen in the case study of LJC Ltd. LJC Ltd is fruit and vegetable supplier, who aims at delivering value and good quality handpicked fruits and vegetables to the small retailers. Though it is a family run business, but it has seen success in the past 80 years through their business operation as a constant effort to connect to big companies. LJC Ltd is trying to negotiate with the small supermarket chain known as Co-share for the past twelve months. The deal is to manage the fruit and vegetable packing and distribution of Co-share. Co-share has 160 stores that are operating in South East and Midlands. The company is very strict regarding the business ethics and the fair trade policies. For LJC Ltd, the contract will increase the volume of products, which are managed by the business. In order to assist Co-share in their business, LJC Ltd has to use fair trade products and develop best HR practices such as equality policies and staff development. Project A and B is evaluated for identifying the best project for LJC Ltd. Payback period is the span of time, which is required for recovering cost of investment that is made by a company (Valerie, Cook and Ali, 2010; Marić, Kamberović and Radlovacki, 2011; Amihud and Mendelson, 2010; Arshad, 2012; Easley and O’Hara, 2009). As per Appendix 1a, it is observed that the project A will incur positive cumulative cash flow in the third year. Therefore, payback is calculated on the basis of the positive cash flow that is incurred from the project. The cumulative cash flow at the end of 4th year is  £ 60500. Therefore, by

Leadership Essay Example | Topics and Well Written Essays - 2000 words

Leadership - Essay Example They have to sense the opportunities on the right time so that they can act on them. He highlights three important steps in order to become a successful leader which are to notice the opportunity, deciding about it and then determining as to what is to be done. This whole process requires interpretation and a leader should successfully be able to interpret. Bolman and Deals presents a somewhat similar situation of leadership in their article. They put forward that the most important aspect of leadership is the dealing with challenges. In other words the leaders have to act in the right manner to handle these challenges as Gallos has said. Bolman and Deals have further clarified the concept of Gallos by introducing the aspect of reframing leadership. Reframing according to them is a process through which leaders can analyze the situation from different perspectives. This process can help the leaders to take a competitive step by analyzing the whole situation and in other words carry o ut the process of sense making. Kouzes and Posner on the other hand put five principles which should be followed by the leaders to become a successful leader. Their view of organizational leadership revolves around these five principles. The leaders should model the way, inspire a shared vision, challenge the process, enable others to act and encourage the heart to be successful. Kouzes and Posner like other authors give a specific way through which they can be successful. In the principle of challenging the process they talk about experiments through which the leaders can sense as to what they have to do in the future. a.What are the primary differences?   The differences between their views is significant. Kouzes and Posner believe in following the five principles of leadership whereas Bolman and Deals believe in reframing leadership by analyzing a situation from different perspectives. Gallos on the other hand believes that a successful leader has to have the right sense making capabilities to take advantage of the situation. Kouzes and Posner give certain steps which can be further exemplified with other leadership styles. They give a step by step commitment process which has to be followed by the leaders whereas Gallos and Deals do not give a step by step process. b.How can B & Ds work and that of Gallos be used to strengthen the perspective of the Kouzes and Posner leadership model? Be sure to provide enough explanation to let me know that you understand the intricacies of each of these authors perspectives.    The work of Kouzes and Posner is a piece which gives specific guidelines to the leaders so that they can be successful. But on the other hand the theories of B & D and Gallos can be integrated into the work of Kouzes and Posner to strengthen it. The work of Kouzes and Posner revolves around the ethics of the leader and involves a lot of risks if they challenge the process as it may result in mistakes. It tells that all the workers should work as a team with the leader so that he can be successful. The leader should create a shared vision with his followers so that they are interested in working as much as the leader is. Power and discretion should also be shared by the leader so that their interest is created. And lastly encouragement is also necessary as put forward by Kouzes and Posner. All these steps are necessary for an effective leader but the process of reframing and sense making can be introduced in these