Mncs As A Force For Development Essay Example | Topics and Well Written Essays - 2500 words

Mncs As A Force For Development - Essay Example The unprecedented increase and expansion of multinational corporations has seen increase of interest among the media, scholars and the public who have explored the subject. Multinationals are deemed as key instruments in maximizing economic welfare across the globe while in other aspects they are deemed dangerous agents of economic imperialism (Ietto-Â ­Giles 2012, p. 33). These are issues and basic facts that have been examined by different scholars using different theories and have had different views and conclusions through different opinions and ideologies. Growth in multinational enterprises has been associated with growth in world economies through development of technology, information and communication as well as distribution of resources across the globe (Buckley 2009, 132). Multinationals have also been deemed vital in creating employment in the world markets and enhancing economic development in the economies where they have invested. However, these positive aspects have not been free from the possible perils that come with foreign investments and growth of multinationals. For instance, growth of multinationals in third world nations has been associated with the uneven development; this has mainly risen from overpricing of technology (Rodriguez-Clare 1996, p. 852). Aim of the study The main aim of this study is to explore the growth in multinational corporations and their spread across the world, with a view to examine the extent to which they are a force of development and progress. The study will explore the current trend in multinational corporations and identify how the growth has been associated with economic development and progress. The study will also examine possible perils associated with growth of multinationals. This will help identify whether the positive results of multinationals growth far outweighs the possible perils. Growth trend in multinational enterprises According to Buckley and Casson (2009, p. 1563), Multinational enterprises or the MNEs are defined as firms that own and control activities in more than one country through mergers joint ventures or franchises. These are businesses that are started in one country and later on start investing in foreign countries by establishing their market operations in the existing and emerging markets. There has been enormous growth in multinational enterprises or the MNCs and the international direct investment in the recent decades (Buckley, P & Casson 2003, p. 219). Companies based in industrialized nations have been leaders in establishment of multinational operations due to their strength in ownership advantages that is derived from innovation and highly advanced technological applications. Multinationals have been strongly associated with economic growth and trade. United States, Japan and Sweden among other developed nations are identified as leading home countries for most multinationals since the countries are mainly the source of the foreign direct investment (Dunning & Sarianna 2008, p. 182). FDI is one of the most common mechanisms used by MNCs to start and maintain business operations in foreign countries. Few companies were investing overseas in the early and mid-1960s, however, the trend of growth changed and there was significant change towards foreign direct investment activities. Since 1990s, there has been significant growth in international trade and production that has not only been reflected by the magnitude of the multinational firms but has also had sectoral composition of inflows and outflows. The significant change in sectoral composition and geographical investment activi

Business Plan for Robert Term Paper Example | Topics and Well Written Essays - 4250 words

Business Plan for Robert - Term Paper Example The company will bear all the associated expenses of the business process rather than just passing it to the customer side and in this respect, the company will gradually have declining profit margin. Quite a favorable chance also exists in case of Robert deciding to decrease his part of the liability by increasing the per unit selling price of the chocolate consignments for increased profit in future. For instance, in the provided question multiple instances describes that the investments made by Robert on the equipment and the storage locations. As a countering part, the discussion also comprises facts depicting how Robert should increase his product selling prices by certain percentage on every quarterly basis in order to recover the additional amount of US$ 16,000, which he has initially invested on the machineries and on processes such as website designing and marketing research. Considerable facts regarding how Robert should expands his market and bring about segmentation withi n customers are also taken under consideration with the aim of enhancing business performances. Additionally, the report also signifies the necessity of an effective ‘supply chain management’, which needs to be attained by Robert to provide better quality of product delivery services to the customers. In addition, the supply chain management will also enhance the product procurement process. The idea regarding these aspects has been provided in such a manner that customers satisfied with the services will gradually bring about more demands for the products offered by the business conducted by Robert. In this context, it can easily expand his market along with periodically increase the product selling prices as well. Robert has been conducting business for many years in New York.

Section 37 of the Health and Safety at Work Act 1974 Essay

Section 37 of the Health and Safety at Work Act 1974 - Essay Example The HSWA 1974 is divided into four key parts, and it is also divided into various sections. Part one of the Act focuses on the Health &Safety Commission and Executive, the general duties of the act, enforcement and penalties, codes of practice, and the power of making regulations. The second part of the act deals with the establishment of the employment medical advisory service. Part three on the other hand does the relations of the act to the building regulations. Finally, the forth part of the act does the coverage of other general issues and various amendments (Bennett 2012, p. 102).The 37th section of this legislation covers prosecution of managers/ directors, which is the main focus of this essay. The essay seeks to discuss the development of section 37 of the legislation analyzing the circumstance under which it operates. It also seeks to take considerations if the use of the legislation gives an effective mechanism for imposing secondary liability. Section 37(1) of the 1974 Ac t gives directives for the prosecution of managers/ directors. Section 37 of the HSWA States that in case a health and safety harm occurs to employees with the consent or connivance of a manager or director, then the manager or director together with the organization should be prosecuted under this particular section of the HSWA Act (Lofstedt 2011, p. 73). The section directs that employers should ensure that the safety and health of their employees is not affected by the work they do. Once the workers are affected by the kind of work they do in an industry in terms of their health and safety, then the act stipulates that the managers or directors be prosecuted. The act also tends to cover the employees’ duties at the work place. Employees in their duties at the work place are expected to take much care for good of their own safety and health and that of others who may be at risk of being affected by their acts. Employees are also expected to co-operate with their employers a nd other people at their work places when they are carrying out their statutory obligations (Lofstedt 2011, p. 73). The Health and Safety at Work act of 1974 provides that every organization or industry should have clearly stipulated health and safety policy if it has employed five and above employees. The organizations are also required to carry out assessments on their workers, partners, customers, and any other individual who may be at risk of being affected by the activities carried out by the organizations. The act also requires the organizations to have full access to health and safety advice that is competent. This is for the protection of its people or the staff members who may be affected by the activities carried out by the organization in terms of health and safety (Lofstedt 2011, p. 73). The HSWA act works alongside other regulations and Legislations in protection of health and safety of the workers. The Factories Act of 1961 and the Offices, Shops and Railway Premises A ct of 1963 are examples of Legislations that work alongside the HSWA act of 1974. Control of Substances Hazardous to Health Regulations of 1994, and the Health and Safety Regulations of 1992 are among the regulations that are operated together with the HSWA act of 1974 (Smith, 1998). In its other provisions, the act requires that employers have a working environment that is safe in operation and maintenance to avoid any harm related to health and saf

Compliance With Sarbanes Oxley Act for Companies in United States Essay

Compliance With Sarbanes Oxley Act for Companies in United States - Essay Example Accounting is a key area in every organization’s business. Correct recording and representation of material financial and operational facts about a company is critical for stakeholders to measure their interests into the company. Several industry standards are available for correct recording, calculation, and representation of this information. In addition, almost every country makes or adopts an accounting and internal control system which is mandatory for all the companies to follow. As time passes by, needs and requirements of new and comprehensive systems emerge that necessitates changes in the way traditional accounting and control systems operate.4.2  Background  The corporate world in United States took severe setbacks when scandals were surfaced about many large and multinational organizations in late 20th century. The companies like Enron, Tyco, and WorldCom were all victims of incorrect, ambiguous, unethical and inappropriate practices which remained hidden for a long period before they were finally identified and brought to the attention of the world. This sequence of events negatively affected shareholders’ and general public’s trust over the reliability and accuracy of financial information as published by companies. A general feeling was that of distrust, disbelieve, doubt and annoyance with the audit and internal controls systems of organizations. This state of affairs triggered a requirement for a regulation that could establish legal requirements for companies to ensure.

The War On Drug Dealing Assignment Example | Topics and Well Written Essays - 500 words

The War On Drug Dealing - Assignment Example I. Community policingEffective community policing involves some steps. the first thing to do towards achieving an effective community policing structure is to first educate the people on the manifest dangers of continued drug use and abuse. It is generally known that before there are drug use and abuse, there is drug dealing. it would be appropriate to conduct civic education to get people to know how drug abuse can be destructive to a country’s economy. The economy is derailed when there many people who are engaged in constructive activities that generate income. It generates more dependency and the dependency syndrome puts pressure on an economy, weighing it down. Drug use also leads to rising in vices like robbery with violence, rape etc. once people are made aware of all that, they take up the community policing on drug dealing and abuse as a matter of socio-economic importance and thus will report the crime as and when they are perpetrated. The benefits of the community p olicing approach include the following:A. Engages the people and makes them know the problems they have when the drug problem continuesB. Making people know that if their neighbor’s child reforms from the drug problem, then their own child is safe because nobody is likely to influence and lure them into drug abuseC. Discussing the drug abuse and addiction problem with the people makes it easy for them to relate the vice to slow pace of economic growth and the moral and social decay the societies grapple with today

Honda Environmental Leadership Essay Example for Free

Honda Environmental Leadership Essay Honda Motor Co. is the largest motor cycle manufacturer and a leading automaker in the world. With a worldwide network of over 501 subsidiaries, Honda’s diverse portfolio includes small sized general purpose engines to scooters and sports cars. The philosophy of Honda Motor Co. is well entrenched with the Japanese culture of pursuing the ‘triple joys’. The triple joys reflect the joys of buying, selling and creating. The company has been particularly recognized world over for its initiatives in tackling environmental challenges. Although environmental concerns and need for reciprocative action became eminent in the mid 1980s, Honda’s efforts in this direction can be attributed to the 1960s when air pollution was first understood. The environmental leadership at Honda is deeply rooted in the company’s vision to be ‘a company that the society wants to exist’ (Honda Motors, 2010). Today people throughout the world have become conscious of the damages automobiles can do to our environment. Thus we see environment friendly automotive technologies emerging in response to uncovering environmental situation. The concept of Green Motoring has taken shape, which involves using alternative fuels in order to reduce air pollution. Among the efforts automotive manufacturers take to contribute to the environment, is the use of fuels generated from bio alcohols and bio mass. Green motoring is now focused on using hydrogen as a fuel (Green Field H 2008). The vision of the company is indeed too radical, at least with respect to environment protection. Wanting to see itself as an entity that the society doesn’t object, is indeed an unprecedented thought, reflecting its understanding of public thinking. This philosophy also highlights the importance it attaches to public perception of environmental degradation. The company seems to believe that the society will allow it to exist only if it is compliance with its expectations. It is therefore no wonder that Honda had taken a leadership role well ahead of its competitors, proactively. The environmental impact has been fully analyzed, encompassing its manufacturing process, the vehicles manufactured, the support activities like administration, transportation etc. The environment friendly initiatives are reflected in all its subsidiaries throughout the world. Honda seems to have made environmental concern a part of its global strategy. All Honda operations throughout the world, have a significant bearing with respect to environment protection for the countries in which they operate. Discussion Honda seeks to create new value by incorporating innovative ideas that reflect the changing needs. The company is committed to the future, by minimizing its effects on the environment and its intake of earth’s resources. A recent survey by DuPont and the Society of Automotive Industry (SAE) has identified environmental concerns as being the biggest challenge for the industry. According to Chris Murphy DuPont director, environmental considerations are transforming vehicle design and development and have become a differentiator in the marketplace. About 54% of the respondents saw fuel efficient vehicles with reduced environmental impact as being primary to the consumers (Laura 2008). On its part, Honda seeks to address climate change, produced due to higher concentration of CO2, CFC and other greenhouses gases. By introducing hybrid and fuel economizing technologies, CO2 emissions are not only reduced in Honda vehicles, but throughout its entire corporate activity. With regard to depletion of resources, Honda has been developing technologies, solar cell development and energy saving technologies. The company is well set to be ahead of the stipulations expected of it, as a vehicle manufacturer. The ongoing regulations are only expected to get tougher with time, and vehicle manufacturer in particular have to be well prepared to achieve the required standards. The Corporate Average Fuel Economy (CAFE) requires cars and SUVs to increase their fuel efficiency by about 4% each year. Thus by 2020, a fuel efficiency of about 35 miles per gallon has to be achieved (Crawley, 2007). The compliance of Honda to environmental concerns is evident from its 1972 development of the CVCC engine in compliance with the US Clean Air Act, which was the world’s toughest emission regulation of the time. The company pursued its development of catalytic converter and other such clean emission technologies in the last four decades resulting in its vehicles emissions being reduced to 1/1000 of its 1970 levels. Honda is currently promoting its Green Factory initiative worldwide, together with energy conservation and waste reduction initiatives in its non-production activities. About 324 subsidiaries including 224 non-manufacturing companies have been covered by this (Honda Motors, 2010). The direct and indirect energy consumption at Honda Motors is shown in Appendix 1, while region wise energy, water consumption and waste are shown in Appendix 2. The genuine efforts in wanting to pass a beautiful natural environment to the future generation is reflected in the company setting up its own independent goals and working towards the same. Some of the notable concepts in Honda environmental aspirations are: Green Vehicle development: Striving towards development of zero emission for all its vehicles, Honda became the first Japanese company to comply with the recent emission regulations. The company developed a special exhaust air injection system and a programmed system for fuel injection which is currently used in its VFR motorcycle. The company’s 50cc Giorno Crea scooter is highly fuel efficient and also environment friendly. Fuel Cell Electric Vehicle (FCEV): Even as early as 1986, Honda had been involved in the development of a hydrogen powered fuel cell electric vehicle, today seen in the form of FCX Clarity FCEV. The car has been the result of two decades of work by Honda’s engineers, in an effort to truly preserve the earth’s environment. The car uses an electric motor and a fuel cell stack and does not emit any CO2. When the fuel cell stack was developed for the first time in 1999, it was too large and bulky. Through continuous research and development the fuel cell stack underwent transformation to become smaller and lighter and yet more powerful (American Honda, 2010). This in turn enabled the vehicle to become elegant and comfortable. The highlights of FCX Clarity FCEV are: †¢ Only water vapor emission †¢ Reduces carbon dioxide emissions significantly †¢ Certified as a zero emission vehicle (ZEV) Green Dealer: The Green dealer concept streamlines and enables efficient use of water, electricity and paper through continuous assessments and improvements of existing systems. The concept is directed at conservation of the environment and keeping the polluting activities to a minimum (HMSI, 2007). Creating an awareness of environment among the employees and the general public is also a part of this scheme. Goal setting: Honda’s efforts towards environmental preservation are reflected through individually defined targets. In 2006 it set emission reduction goals for CO2 emission, to be reached by 2010. In 2007 the company set targets for reducing environmental impact, also intended to be achieved by 2010. The company is on track to reach targets. The future is only getting tougher for the vehicle manufacturers, though Honda is firmly set to meet the required goals. While setting environmental goals for itself, across global operations, Honda has been too detailed in its approach. The company approached the environment problem from several perspectives. As part of its global environmental policy, Honda sets specific goals with regard to its Life Cycle Assessment System, by which the environmental impact is measured and analyzed. Apart from monitoring and reducing its emissions, it also studied and monitored the impact on environment due to its emissions. The company through its suppliers and partners, thus sought solutions through innovations and technologies, to look for ways to be in harmony with nature. Honda of Canada Manufacturing (HCM) was among the first auto manufacturers to receive the ISO 14001 certification. HCM today recycles about 99% of its production waste and is working towards 100% recycling (Cambridge Center Honda, 2010). The company is credited with bringing the first Low Emission Vehicle (LEV) to Canada. In 2003 when it started production of the Civic GX, the car was rated by the EPA as having the cleanest IC engine in the world. In 2002 March, Honda introduced the Honda life cycle assessment system (LCA) to estimate the environmental impact of its products. CO2 is one of the main elements that are monitored through this assessment of products, from manufacturing to disposal. Corresponding to the levels detected, targets are set for all domains including production, sales and service, and administration, with initiatives implemented to achieve targets. In 2007 Honda introduced the product life cycle assessment system (LCA) which revolves on the CO2 emissions from a single vehicle through its lifetime. The calculations revealed that 78% of CO2 emissions are associated with product use and 6% during its emission. The company can now assess CO2 emissions more accurately, for every aspect of the vehicle’s life, thus contributing to reduction efforts. The CO2 targeted reductions are thus directed at 80% of the total emissions, with regard to LCA. Conclusion and recommendations All sectors of global economy are increasingly coming under environmental regulations to ensure that all business practices, no longer continue with disregard to the environment. The vehicle manufacturers are among the earliest to receive such stipulations as vehicles are a major contributor to pollution. These manufacturers are faced with a challenge of optimizing lean manufacturing and environment conservation. While the two aspects of manufacturing are important, the approaches to both are different, and have a huge bearing on the organization’s success. Honda is indeed an automaker with a vision for a sustained future, as evident from its setting up environment based goals and policies, proactively. The waste reduction culture at Honda indeed has obvious benefits for the environment (Maxwell, 1998). There are several societies and organizations that make up this world of ours. The culture and priorities of these are widely varied. Not all their approaches and intentions are the same. This reflects their attitude towards environment too. Although we share the same environment, there is no guarantee that competitors would be equally concerned of the environment. When some organizations take immense pain and effort to protect the environment, investing immensely in it, their competitors can easily make profits by avoiding or manipulating these. Environmental protection requires fundamentally an understanding, a concern of one’s actions on the environment. Honda has set an exceptional example by understanding its actions on the environment, and taking cautious and big steps towards ensuring a sustainable environment. The environment is a common habitat for all, whether one indulges in pollution or not. Organizations should follow the footsteps of Honda with a sense of same involvement and dedication, for only then we can give a future to the following generations.

Strategies of Infosys Technologies Ltd

Strategies of Infosys Technologies Ltd Strategic management Strategic management defines the art of planning the business to the positive level. It is the duty of the companys leader to make an effective strategic plan. Strategic management focuses on building a solid underlying structure to the business Strategic management relies on three important factors: 1. Businesss objectives? 2. Ways to achieve those objectives? 3. Resources required to achieve those business objectives Strategic management helps in allocating right amount of resources to the different parts of business so that those resources will help achieve the strategic goals. The workers should be provided with necessary training, all information, data and work process are tested. This would help the organisation lead in a successful path, organisation needs are met, the work are aligned together enabling companies to move up in facing to new changes and competition Leadership Peter Drucker: The only definition of a leader is someone who has followers. To gain followers requires influence but doesnt exclude the lack of integrity in achieving this. Indeed, it can be argued that several of the worlds greatest leaders have lacked integrity and have adopted values that would not be shared by many people today. John C Maxwell : leadership is influence nothing more, nothing less. This moves beyond the position defining the leader, to looking at the ability of the leader to influence others both those who would consider themselves followers, and those outside that circle. Leader is one who leads the others, either in right way or the wrong way, that all depends on the leader. Leadership qualities are inbuilt which should be developed, good leadership is easier to practice in an organization. Good leadership requires deep human qualities. In todays world good leaders are made and they act as enabling force in developing people and organization. Leadership qualities help in achieving peoples needs and organisational needs. Effective leadership requires good attitudes and behaviours which relate to humanity. Leadership involves decision making and actions, leaders are one important person because they have unique responsibility towards people and organisation. They should acquire skills and knowledge to perform organisational activities. They should be strong by emotion and behaviour characters this would help in understanding and resolving employee issues The strategic management and leadership are deeply aligned with each others, if both are taken in right path it would lead to organisation success. Today in this competitive world the number 1 companies of all sectors is because of the effective leadership and strategic management. Both these are like eyes of an organisation one cannot survive without the other. For example the worlds richest man Carlos slim is one good example for leadership and good strategic management; he has 90% of the telecom sector in Mexico. He is the leader and he planned in such a way that the organization has grown from a initial stage, step by step it attained gradual growth and now it is well known in the world, there are so many organisation which were very popular and now they do not have an existence; do you think why it happened to those organisation, it is because it could be a change in the leader or could be a poor strategic management. There are occasions where bankrupt organisations rise up in t he market this also happens because of the leader and strategic management. 1.2 1.3 The role of leadership in management is largely determined by the Organizational culture of the company. It said that managers belief, values and assumptions are critical importance to the overall style of leadership that they adopt. There are different leadership style that can be identified Within each of the following management techniques. Autocratic The word Autocratic itself defines self oriented, the leader him self is the decision maker, he dominates his team members, he always uses force to achieve objectives, this type of leadership approach will result to resistance from team members, the team members will find it hard to cooperate with the leader because the leader will have a continual pressure on his team members to get the output. This type of approach is carried by many leaders I the organisation, as far as people has done a research on leadership style and it was said this leadership style is not a good way to get things done, even though it is practices in many places it yields a good result. Lassie faire This leadership style has little or no control on his ream members, it reflects that the leader is no way bothered about the result or the team members, the team member have to perform their roles and duties, they need to tackle upon the difficult situation without the leader, the team members will perform to an extent because they do have little motivation and direction. This kind of leadership style is effective when people are subject matter expertise, highly motivated and skilled people. The leaders will not set any goal for them, they need to create their own and work towards achieving it. Democratic The word democracy defines for the people, by the people and of the people, many countries in the world follow democratic type of rule, similarly organisational Leaders follow democratic leadership style, here leaders make decision by consulting his team members because each one think differently from different perspective, here the leader has possibilities where in he could pick the best choice or upgrade his ideas based on the feedback given by his team members but still he gains control over the team. The team members will decide how the task be completed who will be the right person, here there are possibilities of identifying the strength of each and every Individual, here participation will be one main aspect, team bonding, group work, group discussion and equal delegation of work is possible, team can perform well in this case. Although every thing happens in team the responsibility of the result or output will affect the team leader. Motivation and direction will be an important factor of this leadership style. Today most of the corporate, software and BPO industries in the world follow this kind of leadership style and I believe this as the most successful leadership style. Transactional The leader sets some standards for every individual, the follower or the individual is rated based on the performance standard. This is basically set in every organisation for every department. This leadership style is useful to analyse the performance review and rate the employees Transformational This leadership style creates a change in every individual, it has the ability to inspire and motivate employees to achieve new heights, this style depends only on the leader. This leadership is successful when the leaders decision is right. Charismatic This leadership style creates a positive approach in an environment, the leader is been inspired by the team member, here the leader is considered friendly, easy approachable, the team members will have a great opinion on the leader, the team members would walk with the team leaders opinion. This type of leaders are the most successful in the organisation. They bring change to environment in the organisation and people in the organisation Visionary This leadership style focuses on the future, it is a kind of prediction, and they work on attaining the organisational objectives. They put focus on where they are and what they want to be. They work to attain the future goals. Background of the company Infosys Technologies Ltd. was started in 1981 by 7 people with USD 250. Today, we are a global leader in the next generation of IT and consulting with revenues of US$ 5.7 billion. Infosys defines, designs and delivers technology-enabled business solutions that help Global 2000 companies. Infosys also provides a complete range of services by leveraging our domain and business expertise and strategic alliances leading technology providers. Infosys pioneered the global delivery model (GDM), which emerged as a disruptive force in the industry leading to the rise of offshore outsourcing. The GDM is based on the principle of taking work to the location where the best talent is available, where it makes the best economic sense, with the least amount of acceptable risk. Infosys has a global footprint with 65 offices and 59 development centers in India, China, Australia, the Czech Republic, Poland, the UK, Canada and Japan. Infosys and its subsidiaries have 127,779 employees as on December 31, 2010. Infosys takes pride in building strategic long-term client relationships. Over 97% of revenues come from existing customers (FY 10). This organisation Infosys has different leadership style. They do follow autocratic, democratic, lassie faire, transactional, transformational and visionary leadership styles. Autocratic: There are certain departments in Infosys where in they follow autocratic style. This depends on how the process is to be done. They get instructions from their clients to work on a project, the leader delegates the work to their team members. The team members works on the project and completes it as per the instruction from their leader. Democratic: The IT sector of Infosys has several project, they work on the home page and navigating page of some web pages like Google, twitter etc. here the leader asks for the suggestion from the team members, upon debate and discussion and acceptance from team members and team leader, the project continues. Lassie faire: The team leaders give their deal line to their subordinates to work on the project. If suppose the deadline is a month they do not care for the first 20 days, the 21st day they have a check on the team member, then he cares on the work and at the final stage the work will be completed. Transformational: The team leader delegates work to every individual, a team member may be specialist in programmer, but he delegate the work to other person in the tea and delegate the coding work to the specialist in the programmer, there are possibilities where the team member will learn all sectors of their project, in other part he may get vexed because he is been allotted with some work which he is not related to. Charismatic: We could see several managers in our concern, they have a good understanding about their team members. The leaders know who their members are and what could they do. In similar way the team members understands their leader because the leader would have approached them in a friendly manner apart from leader, the leader inspires them in every aspect so the team member would do anything for them in terms of work.This method of leadership is carried out in every organisation. Even though every employee has dissatisfaction in their job they do it ether they have to do it or for the sake to save their leader from problems. 2.1 2.2 The role of leadership in management is largely determined by the organizational culture of the company. It said that managers belief, values and assumptions are critical importance to the overall style of leadership that they adopt. There are different leadership style that can be identified within each of the following management techniques. Autocratic The word Autocratic itself defines self oriented, the leader him self is the decision maker, he dominates his team members, he always uses force to achieve objectives, this type of leadership approach will result to resistance from team members, the team members will find it hard to cooperate with the leader because the leader will have a continual pressure on his team members to get the output. This type of approach is carried by many leaders I the organisation, as far as people has done a research on leadership style and it was said this leadership style is not a good way to get things done, even though it is practices in many places it yields a good result. Lassie faire This leadership style has little or no control on his ream members, it reflects that the leader is no way bothered about the result or the team members, the team member have to perform their roles and duties, they need to tackle upon the difficult situation without the leader, the team members will perform to an extent because they do have little motivation and direction. This kind of leadership style is effective when people are subject matter expertise, highly motivated and skilled people. The leaders will not set any goal for them, they need to create their own and work towards achieving it. Democratic The word democracy defines for the people, by the people and of the people, many countries in the world follow democratic type of rule, similarly organisational Leaders follow democratic leadership style, here leaders make decision by consulting his team members because each one think differently from different perspective, here the leader has possibilities where in he could pick the best choice or upgrade his ideas based on the feedback given by his team members but still he gains control over the team. The team members will decide how the task be completed who will be the right person, here there are possibilities of identifying the strength of each and every Individual, here participation will be one main aspect, team bonding, group work, group discussion and equal delegation of work is possible, team can perform well in this case. Although every thing happens in team the responsibility of the result or output will affect the team leader. Motivation and direction will be an important factor of this leadership style. Today most of the corporate, software and BPO industries in the world follow this kind of leadership style and I believe this as the most successful leadership style. Transactional The leader sets some standards for every individual, the follower or the individual is rated based on the performance standard. This is basically set in every organisation for every department. This leadership style is useful to analyse the performance review and rate the employees Transformational This leadership style creates a change in every individual, it has the ability to inspire and motivate employees to achieve new heights, this style depends only on the leader. This leadership is successful when the leaders decision is right. Charismatic This leadership style creates a positive approach in an environment, the leader is been inspired by the team member, here the leader is considered friendly, easy approachable, the team members will have a great opinion on the leader, the team members would walk with the team leaders opinion. This type of leaders are the most successful in the organisation. They bring change to environment in the organisation and people in the organisation Visionary This leadership style focuses on the future, it is a kind of prediction, and they work on attaining the organisational objectives. They put focus on where they are and what they want to be. They work to attain the future goals. Background of the company Infosys Technologies Ltd. was started in 1981 by 7 people with USD 250. Today, we are a global leader in the next generation of IT and consulting with revenues of US$ 5.7 billion. Infosys defines, designs and delivers technology-enabled business solutions that help Global 2000 companies. Infosys also provides a complete range of services by leveraging our domain and business expertise and strategic alliances leading technology providers. Infosys pioneered the global delivery model (GDM), which emerged as a disruptive force in the industry leading to the rise of offshore outsourcing. The GDM is based on the principle of taking work to the location where the best talent is available, where it makes the best economic sense, with the least amount of acceptable risk. Infosys has a global footprint with 65 offices and 59 development centers in India, China, Australia, the Czech Republic, Poland, the UK, Canada and Japan. Infosys and its subsidiaries have 127,779 employees as on December 31, 2010. Infosys takes pride in building strategic long-term client relationships. Over 97% of revenues come from existing customers (FY 10). This organisation Infosys has different leadership style. They do follow autocratic, democratic, lassie faire, transactional, transformational and visionary leadership styles. Autocratic: There are certain departments in Infosys where in they follow autocratic style. This depends on how the process is to be done. They get instructions from their clients to work on a project, the leader delegates the work to their team members. The team members works on the project and completes it as per the instruction from their leader. Democratic: The IT sector of Infosys has several project, they work on the home page and navigating page of some web pages like Google, twitter etc. here the leader asks for the suggestion from the team members, upon debate and discussion and acceptance from team members and team leader, the project continues. Lassie faire: The team leaders give their deal line to their subordinates to work on the project. If suppose the deadline is a month they do not care for the first 20 days, the 21st day they have a check on the team member, then he cares on the work and at the final stage the work will be completed. Transformational: The team leader delegates work to every individual, a team member may be specialist in programmer, but he delegate the work to other person in the tea and delegate the coding work to the specialist in the programmer, there are possibilities where the team member will learn all sectors of their project, in other part he may get vexed because he is been allotted with some work which he is not related to. Charismatic: We could see several managers in our concern, they have a good understanding about their team members. The leaders know who their members are and what could they do. In similar way the team members understands their leader because the leader would have approached them in a friendly manner apart from leader, the leader inspires them in every aspect so the team member would do anything for them in terms of work. This method of leadership is carried out in every organisation. Even though every employee has dissatisfaction in their job they do it ether they have to do it or for the sake to save their leader from problems. CONTINGENCY THEORY Every leader has different working style and he is contingent to situational factors, capabilities and behaviour of their team members. This theory provides perspective and management based on the priority, it started with the dependency, depending on the people needs and requirement this concept came into existence, this would give a brief of which material is required and which is not required by the people. So the organisation with the contingency theory can work on the requirement. Task 3 3.1 3.2 Globalisation: Effective management and leadership are two most important factors of an organisation, many organisation fail because of the poor leadership, in this global world two third of employers admit that they have poor leadership development. Today in this global market, a leader with good leadership qualities are welcomed every part of the world, there are some disadvantages because they do not have their own customer base, the customers are worldwide and they have to serve every customers, same way competition plays a major part on the opportunity, relocation of employees also happens because of globalisation, it is the business knowledge, awareness, understanding cultural difference, commitment towards job, personal and professional integrity which makes an individual a good leader. The management recruits or looks for those kind of person in leadership role Ethics and corporation: Leader is also a human like others, the reason being he has developed certain qualities; people rate the behaviours such as performance management and personal management. More over the leader should treat his followers fair with ethics; he has to enhance employee management more than performance management. Treatment of all employees fair and equal, easy approachable, keeps on his commitment, no favourites, supports employees and appreciates when does a good job, supports personal development of employees, ongoing feedback in business. These are the key aspects where in the manager or a leader should possess. Corporate social responsibility Organisational operations are of two types inner circle and outer circle, inner circle is the process that happens within the people and the process i.e the quality of the management, the other one deals with the outer world, in what ways the society and the outer stakeholders look at the organisation, mostly people look at the outer part how has the company done in terms of product and services, how it is been familiar within people based on environment and workforce, its financial analysis and focus on the future. When the organisation grew the people in the organisation should grew with good change in the economic and environment changes to the society, many organisation in this country follow CSR to advertise themselves to the market and would like to get interest in people and stakeholders Merger and acquisition Merger is merging one organisation with the other and acquisition in acquiring or controlling another organisation, this happens to enlarge its business in the global market, quality staffs with good knowledge about the market, when one business is underperforming so to lift up merger or acquisition takes place, to increase the customer base, to make production and provide service, to be one among the competitive organisations of the world. Apart from this there are even certain disadvantages that could take place because of merger and acquisition, things go wrong when nothing happens as expected. 3.3 We are not now as we were 20 years ago, day by day everything changes but we could not realise it now, when we look after years we could see everything has changed, similarly our planet is changing with change in countrys economy, standards, and way of living. Even the organisational structure changes with change in leaders, the leaders should be distinct with their attitudes, they are the one who are going to deceide on the future, their decision affects them as well as their followers, so he should be good in knowledge, personal and professional skills, he shouls be trained in all aspects of the organisation, deision making and problem solving. These attitudes will create a change in the working environment and that would lead the organisation to a successful path. 4.1 4.2 Leaders are the one who leads others, they know more than the followers because they are going to lead them, in order to lead them the leader should be well trained in all aspects, the organisation should provide training through professionals, course that would be useful in implementing it in organisation, seminars and workshop, which can provide some experience for the leaders. Formal learning: Formal learning is usual training that is provided to the leaders in educating them about the specifications, formal training differs as per the persons. Self help Self help is improving from one point to other without the help of others, here we need to understand who we are and what needs to be done in improving ourselves. Development activities Training, courses, job rotation, executive coaching, monitoring, reading article etc are some of the development activities that takes place in every Organisation, the leader should be trained on one or more aspects, if he undergoes such development activities he would attain certain leadership skills, that could be executed in his professional career, he could understand the followers attitude and mentality and help them when required, if possible he could train them with these qualities and make them a future leader. My leader at Infosys was amazing, he understands his team members and cope up with them during hard situations, he undergoes training that are allocated to him by the organisation and training that are done by leading professionals in the market, he wasted to educate him self in all aspects, reading books, browsing through web and listening to speech made by top man in every organisations, he allocates himself in every job shifts giving equal importance to every individual in team and monitoring them. These methods shape in every individual with required development in leadership skills. sdjbsj 1.1 link http://www.teal.org.uk/leadership/definition.htm 1.3 http://www.infosys.com/about/what-we-do/pages/index.aspx