Leadership What Is Leadership - 2170 Words

What is leadership? Having good leadership is necessary for any organization. Definitions of leadership are varied. It is a fundamental element within society that has attracted the interest of thousands of scientists, historians, and philosophers for hundreds of years, yet none of them can decide upon its meaning. Cook (2000) calls leadership the â€Å"ability to learn and adapt to change, a risk taker and using personal powers to win the hearts and minds of people to achieve a common purpose.† Northouse (2010) claims leadership is change and movement. Burns (1978) defines leadership as â€Å"a mobilization process by individuals with certain motives, values, and access to resources in a context of competition and conflict in pursuit of goals† For my purposes, leadership is merely managing knowledge in a way that leads to creating and sharing knowledge within an organization (Chi, Lan, Dorjgotov, 2012). The success of leadership in organizations often varies significa ntly and identifying leadership styles that suit an organization best is an essential skill in any CEO, manager, director, or alike. THEORY AND APPROACH Transformational Leadership There are countless theories about leadership that have been sorted and organized into several precise approaches or styles based on traits, behaviors, situational factors, or culture factors. In the 1970s, James MacGregor Burns developed a more complex approach to leadership which he called transformational leadership. The goals ofShow MoreRelatedLEADERSHIP—WHAT IS IT?13338 Words   |  54 Pages01-Rowe-45233.qxd 3/26/2007 12:53 PM Page 1 1 LEADERSHIP—WHAT IS IT? 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It will also discuss roles and responsibilities of religious leadership as a company grade Chaplain and field grade Chaplain. Finishing by discussing what emotional intelligence in leadership looks like through the lens of being a religious leader. To understand whatRead MoreWhat Makes A Effective Leadership?862 Words   |  4 Pagesunderstanding what effective leadership requires and how to get better ethical outcomes in the workplace. The readings present informative aspects of what constitutes an effective leadership and in my opinion a guide to the real world, for ethical decision making. Indeed shaping oneself to become a leader is not an overnight process, one requires great patience and time to develop strong leadership styles to help harness the followers skills and talents they bring to an organization. The leadership styles

The New Angle On College Topics Essay Just Released

The New Angle On College Topics Essay Just Released What to Expect From College Topics Essay? You will also need to file your official high school transcripts. The better part of the students that leave the very first years do so during the initial six weeks of the fall term since they haven't been able to produce a successful transition. The professional writer instructors can help make certain your special fact conveys the first approaches you're likely to develop all the graduate class. Colleges are seeking a feeling of maturity and introspectionpinpoint the transformation and demonstrate your private growth. The style, topic and voice of your private essay ought to have the punch to create the audience think. If you are requested to compose an essay that's informative then never submit something which is a compare and contrast essay. The essay is 1 document that, even in the very best of circumstances, to provide an intriguing answer, even to the absolute most boring ques tion, he explained. Writing custom essays won't be an issue anymore if you observe the easy steps below. Include all the principal points and make certain you are answering the question. Some folks find it useful to rehearse their answers out loud. Your reply shouldn't be a book report. So you don't actually wish to obtain a topic! You're given about 4 topics to select. Finally, the very best topics are ones that make it possible for you to explain something surprising about yourself. The majority of the topics might be given to you as well as you may have to decide on what things to write on. Personal statement essay is among the main kinds of the writing assignments. The stream of ideas In the center of the assignment, you've got to be certain the ideas are flowing at the true pace between and within paragraphs. In case the latter description illustrates you here is a more in depth reflective essay outline which should get you where you should be to put on a firm understanding of the way to compose a reflection paper. Key Attributes Some of the major attributes which make a personal statement appealing enough entail. The very first essential component that we should understand is that the society is a human item. At precisely the same time, detecting cau se and effect relationships isn't that easy in regards to the selection of a very good cause and effect essay topic. You should decide on the type of response that you're likely to give in support or against the topic. Don't neglect to explain why the dilemma is significant to you! The Chronicles of College Topics Essay When you begin writing the essay, you should make an intriguing start. Your stories aren't debatable. The poem is full of allegories. There are 3 golden rules when you're writing the historical essay. The facts which you use in the essay needs to be reliable and pertinent to the thesis. After the principal text, it's important to include things like a great conclusion. Admissions officers wish to understand what's important to you and how your background has shaped you as an individual. In summary, college instructors have lots of priorities and though I hope it isn't the scenario, some instructors are not going to see you as their very first priority. Now that you're mindful of admission deadlines you're well-prepared. The students ought to avoid committing spelling errors. In today's world, the debate on whether abortion ought to be legalized has dominated discussions for years although some folks see. Evaluate a substantial experience, achievement, risk you've taken, or ethical dilemma you've faced and its effect on you. There are several topics in which you'll need to clearly show your power of persuas ion. You can't successfully persuade others without letting them know the factors for doing so and you cannot provide any plausible reasons without bringing in evidence to back up your claims. Things You Should Know About College Topics Essay Colleges wish to see what you're interested in and how you intend to work towards your aims. Many colleges ask for just one essay. Most colleges ask a fairly generic question for which they want to observe a fairly focused answer. The majority of the colleges utilize the typical application essay prompts. Individual schools sometimes need supplemental essays. Colleges are not searching for perfect folks. They are more likely to admit students who can articulate specific reasons why the school is a good fit for them beyond its reputation or ranking on any list.

Financial analysis and comparison of PepsiCo and Coca-Cola Free Essays

Introduction Together both PepsiCo and Coca Cola are both companies that are known around the world for their goods. For decades now, these companies have been competitive against each other to â€Å"do better than† the other one, what some would call the â€Å"cola wars†. They individually offer a assortment of soft drinks; regular, diet, caffeine free and many other options for the public to choose from. We will write a custom essay sample on Financial analysis and comparison of PepsiCo and Coca-Cola or any similar topic only for you Order Now Both of the companies also have quite a few different entities (or off springs) of their company, such as bottled water, energy drinks, and juices. Individually both PepsiCo and Coca Cola; better known as Pepsi and Coke, have produced goods for every income bracket. Inside this essay we will take a look into the two largest competing companies in the soft drink industry; Coca Cola and PepsiCo. Using financial data provided from 2004 and 2005, we will be able to use financial analysis, both vertical and horizontal, to verify the financial differences between the two companies. We should be able to make proper suggestions and recommendations with the review on both of the individual companies, income statements and balance sheets. The soft drink industry is one of the largest and assorted industries in the world; consumption in the United States alone is rated at 95%. Together Pepsi and Coke have dominated the soft drink industry, staying higher than any other competition for decades. Not only have they dominated the national market, but also have dominated the global market. Pepsi and Coke have triumphed over many obstacles, so that they may produce and distribute products in most countries around the globe. Both employ a strategy called â€Å"the follow up strategy†. When one launches a new product or service, the other is not far behind with a similar product or service. This strategy has been so effective within these two companies that it leaves other would be competitors oblivious to what just happened. Because of global success, both PepsiCo and Coca Cola have paid a price in one way or another regarding legal issues, precedents, and political opinions. Both of these companies are great examples that the power of influence is leadership. Since their influence is so powerful, they easily shut down competitors in the market as well as keep their moral and ethical values at a soaring level. According to the Forbes Super500 list of America’s largest public companies in 2003, both Coke and Pepsi are practically the same size. Pepsi was the 43rd-largest U.S. firm, just barely edging out Coke, which ranked 44th. This comparison was based on ranking sales, profits, market value and assets. Now let’s take a look at a more detailed comparison of these two companies. Within this analysis, the numbers will be represented in millions (100 is equal to 100 million). Beginning with a vertical analysis, used to do the comparison of the asset accounts categories, liability account categories, and the reports on liability accounts against asset accounts on the balance sheet. The principle for calculating a vertical analysis is current assets ? total assets. The starting point lies within the total assets for each company. In 2004, PepsiCo’s total assets were $27,987; in 2005 they totaled $31,727. Coca Cola’s assets were $31,441 for 2004 and $29,427 in 2005. (Weygandt, Kimmel, Kieso, 2008). Now we must look at statistics on the balance sheets of each corporation. In 2004, Coke’s cost of merchandise sold were $7,674 equaling a ratio percentage of 24.4% of their total assets. In 2005 the cost of merchandise sold were $8,195 equaling 27.8% of the total assets. For Pepsi’s cost of merchandise sold, the totals were $12,674 equaling 45.3% in 2004 and $14,176 equaling 44.7% in 2005. Over a one year span the results of; PepsiCo had an increase of 5%, while Coke had an increase that year of 3.4%. With this increase, the results do not necessarily mean a positive analysis, since the single figure does not disclose whether the increase is a positive measure. A higher cost of sales may not be offset by higher revenues matching or exceeding the increased cost. Net income of PepsiCo in 2004 was $4,212 equaling a ratio percentage of 15.1% of total assets. In 2005, their net income was $4,078 equaling a ratio percentage of 13.2% of their total assets. This shows a 1.9% decrease in their net income between 2004 and 2005. Within the same period they also showed a decrease in the cost of sales. Coke on the other hand had a net income of $4,847 in 2004 equaling a ratio percentage of 15.4%. In 2005 their net income was $4,872 equaling a ratio of 16.6% of their total assets. This shows and an increase of 1.2% between 2004 and 2005. Even though they experienced an increase of 1.2%, the increase of cost of merchandise sold had an increase of 3.4% only nets an additional 1.2%, making this a negative indication for Coca Cola. When comparing current assets and current liabilities to the total assets by taking a closer look at the consolidated balance sheets of these two companies for each year show that Pepsi’s total current assets were $8,639, in 2004, which equals a ratio percentage of 30.9% of total assets (for that year). For 2005, PepsiCo’s total current assets were $10,454 which equals a ratio percentage of 32.9% of total assets. From 2004 to 2005, they had an increase of 2% in their current assets. In contrast Coca Cola’s current assets were $12,281 equaling a ratio percentage of 39.1% for 2004 and $10,250 equaling a ratio percentage of 34.8%, in 2005; this shows a major decrease in their current assets. Although, there was a considerable decrease in their current assets, there was also a decrease in their current liabilities. These decreases in liabilities would be a positive indication for Coke instead of a negative one. In the area of current liabilities, we can see that in 2004 Pepsi’s total was $6,752 equaling 24.1%, and $9,406 equaling 29.9% in 2005. This shows that the increase of 2% within Pepsi’s assets is due to the company taking on more liabilities. Coke however had current liabilities of $11,133 equaling 35.4% in 2004, and $9,836 equaling 33.4% in 2005 which shows a decrease of 1% in their liabilities. This simply states that both companies had a larger percentage of liabilities to assets in 2005, compared to 2004 also taking into account that their current assets dropped 4.3%. To break that down even further, we look at the following figures. Coca Cola had a total liability in 2004 of $15,506 which equals 49.3% and in 2005 their total liabilities were $13,072 which equals 44.4%. That is a decrease in their liabilities of 4.9%. So while their assets dropped by 4.3%, their liabilities dropped even more. Horizontal analysis is the comparison of specific items account for a certain amount of numbers for the accounting period. This helps to determine the increase or decrease that has occurred by a percentage, a numerical change or trends over that time. There are two formulas that can be used to get this analysis. The first formula uses the current year amount and subtracts from that the base year amount, then take the difference and divide it by the base year amount. The second formula divides the current year amount by the base year amount. This gives the current yearly figure in a percentage for the given base year. PepsiCo’s total current assets for 2004 were $8,639 and $10,454 in 2005. The first horizontal analysis formula shows Pepsi had an increase of 121.01% of total current assets; over their 2004 base year figure. Coke’s total assets for 2004 were $12,281 and $10,250 for 2005 which shows a considerable loss. With these numbers it produces a loss percentage of 16.58% between 2004 (83.46%) and 2005. Moving onto liabilities, Coca Cola had $11,133 in total liabilities for 2004 and $9,836 for 2005, yielding a difference of 88.35% decreasing their liabilities by 11.65% from 2004 to 2005. For PepsiCo, their total liabilities for 2004 were $6,752 and $9,406 in 2005. Following the formula we can see that it shows an increase in their liabilities by 139.3% from 2004 to 2005, so for one year the total is 39.9%. Mutually PepsiCo and Coca Cola have reputations for being the major contenders in the soft drink industry. They have individually created well organized, strong, and profitable companies, but as you can see from the analysis done above that the financial data, shows a bit of a difference between the two financially. I can see adjustments that can be made and areas that can be worked on, and below I have made a few suggestions for the data I found. It can be determined from the information above that the net profits for both companies were less in 2005 than that of 2004. The operating expenses for both companies were higher in 2005 then 2004. Individually Pepsi and Coke should be working to decrease operation expenses and to increase profitability. Within Coca Cola, they suffered a decline in assets (4.3%) and their liabilities reduced by 4.9% from 2004 to 2005. The suggestion that I make for Coca Cola is they continue to reduce their liabilities, and work on raising net profits. This will increase their assets, As for Pepsi, they have a small increase in current assets between 2004 and 2005, but they had a substantial increase in liabilities. With a 5.8% increase in liabilities, there was only an increase of 2% within their assets. A suggestion I can make for PepsiCo is to focus efforts on their assets, to reduce their liabilities, and to not collect new liabilities. This way they can increase profitability. Looking into other years and comparisons, I see that Coca Cola gathers almost 53% of their annual revenue during spring and summer, whereas Pepsi seems to produce 30% more revenue in the later months of the year. This is likely due to the fact that Pepsi also has snack (chips, etc) operations other than soft drinks, which is the preferred food of the season. There is also the topic of franchise systems. Pepsi has had success in the past with its franchise system; however, in recent years it has become a weakness for the company. The franchises influence profits and revenues for Pepsi. My solution would be to dismantle the franchise system and replace it with one bottling unit. This will help Pepsi to eliminate competition with any private label companies and keep them on the forefront with Coke. Coca Cola believes in reinvesting into their infrastructure and does not operate a franchise system. When it comes to figures, Pepsi seems to have more advantages (other entities), whereas Coke is getting better figures. This does not mean either company is better than the other, it shows that there is a tight competition between both companies and both are striving to surpass the other. References: PepsiCo.com. (2009). Retrieved on: April 15, 2011 http://www.pepsico.com/index.html#/flash/pepsico_slide.swf Weygandt, J. J., Kimmel, P. D., Kieso, D. E. (2008). Financial accounting (6th ed.). Hoboken, NJ: Wiley. The Coca Cola Company. (2009). Retrieved on: April 15, 2011 http://www.thecoca-colacompany.com/ How to cite Financial analysis and comparison of PepsiCo and Coca-Cola, Essay examples