An Assessment of the Strategic Leadership of Bill Gates

An Assessment of the Strategic Leadership of Bill Gates, Introduction Bill Gates approach to planning, implementing and managing strategic-level initiatives throughout Microsoft Corporation and the long-term effects of his leadership strategies on the culture of the company is the subject of this analysis. Using the model on effective strategic leadership found in the text (Hitt, Ireland, Hoskisson, 2013) each of its dimensions are also used for assessing Bill gates leadership style and effectiveness. As the model shows that the factors of effectively managing the firms resource portfolios, sustaining an effective organizational culture and emphasizing ethical practices form the foundation of effective strategic leadership, these three foundational elements form the basis of the analysis. Determining strategic direction and establishing balanced organizational controls are also essential for guiding organizations to above-average performance and profitability (Hitt, Ireland, Hoskisson, 2013). Based on this framework and the insights gained, an assessme nt is also made of Microsofts ability to sustain an effective, productive organizational culture. Inclusive in this analysis is also an assessment of Bill Gates strategic leadership style, with two suggestions of how Gates and his predecessors at Microsoft could create higher levels of strategic entrepreneurship throughout the company. This analysis concludes with the identification and discussion of two strategicShow MoreRelatedThe World s First 5th Generation Air Superiority Fighter1616 Words   |  7 Pages Less than five years after operational certification in 2009, Robert Gates, Secretary of Defense, (SECDEF) convinced the President (POTUS) and Congress to truncate the F22 program, leaving the USAF with fewer than 187 operational F-22 Raptors. This number was well short of the 381 aircraft the USAF’s estimated number needed to meet their mission requirements. Gates made his controversial decision based on his assessment of the low return on investment (ROI) the F-2 2 Raptor provided the US. taxpayerRead MoreSenior Vice President For Accreditation And Quality Assurance At Letourneau University ( Letu )1666 Words   |  7 Pagesyour announcement of a search for an Associate Vice President for Accreditation and Quality Assurance at LeTourneau University (LETU). 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Managing Career Managing, Career, And Managing Knowledge

Introduction The purpose of this report is to analyse and evaluate one’s development in four main competence areas: managing self, managing others, managing career, and managing knowledge. For each area, a specific skill will be taken into consideration and analysed, supported by three different pieces of evidence each. Furthermore, the importance of every skill will be evaluated with regards to the hospitality industry, and a personal reflection will be made to determine how much of a development I have undergone throughout this academic year. Managing Career: Employability The Skills for Business Network (2003, cited in Gravells, A., 2010) defines Employability as the knowledge, skills and attributes that are needed in order to look for, obtain and maintain employment at any level. However, Tamkin and Hillage (1999) suggest these skills alone are not enough: they need to be combined with the knowledge of how to market and sell oneself and the skills they possess. According to Van der Heijde and Van der Heijden (2006), employability is the continuous fulfilling, acquiring or creating work through the use of specific competences such as knowledge, abilities, and skills. It depends on a continuous learning process that enables people to develop skills throughout their experiences (Scholarios et al., 2008), which they will use constructively to progress in their career and enhance their employability. 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Organizational Law

Question: Discuss about the Organizational Law for Demolition or Collapsing. Answer: Introduction: To discuss about corporate collapse, it is important to understand the meaning of corporate collapse. When any corporation becomes unable to pay the debts and it is declared by law, the corporation is said to be collapsed. The collapsing of any corporation is not a random process or cannot occur at once. It is a slow and gradual process which affects the corporation. Alack of proper corporate governance, which includes accounting standard, weak internal control, proper communication of the management with the board, etc., results in collapsing of a corporation. Australia has seen many big and reputed companies being collapsed. It is clearly visible that a company having a powerful market support, clear reports of audit has collapsed suddenly, Corporate Collapse Analysed[1]. Demolition or collapsing of a company on the other hand can be found profitable in the market or economy. The collapsing of a company will reduce unnecessary exploitation of the resources available in the market which can be used by others and will reduce the competition as well. The demolition of a company is because of the wrong decision made by the board of the said company. The board of the company is solely responsible for the downfall of the company. Some of the common wrong decisions made by the board or steps taken by the board are, not calculating the expenses of the company on time and the same is being postponed for some later event (Davies, 2000). This has proved to be a major reason for the downfall which can be seen in many collapsing of the companies, since the past few decades. Other wrong decision is not to make proper tax report, not to disclose proper facts to all the persons concerned. Any changes in the business, or property or any other thing which the company t hinks to be suitable should be informed even to the public (ICSI, 2015). Proper auditing in a fiscal year is also required. Sometimes due the fault of the auditor and not disclosing it to the board also leads to the downfall(Austrailian Review, 2016). Description: Before starting the analysis, it is necessary to know the meaning of corporate governance. Basically, corporate governance is the system of rules, relationship amongst the members of the company which helps in successfully running of the company (MARTIN, 2015). Proper and impressive corporate governance can leads the company to have higher value in respect of control system, development, and proportionately working considering the risk factor in the economy. To have a strong corporate governance, there is need to have two conditions (AVC, 2012). First, the board of the company should consist of skilled and experienced members who can work independently and take decisions which will be fruitful for the company. Secondly, there should be honesty present within those because of whose work, the financial structure of the company can get affected (Adams, Hermalin, Weisbach, 208). It can be seen from the discussion made above, that the board of the company plays an important role in corporate governance, failing of which can leads to collapsing of the company. Any decision made by a director is very crucial for the proper working of the company. The director plays a very important role in the growth of goodwill and the working of the company to meet the expectations present in the economy(ASX, 2016). The director should have and maintain good relation with the other persons related to the working of the company internally as well as externally. There are certain duties of the directors, which should be performed by the directors with honesty and togetherness, some with the other person or group of persons who are related to the working of the company and some with the other members of the board or even individually. A director should act and work diligently and must be loyal to the company (Commins Meyer, 2016). The director should use their skills reasonably while discharging his duties and should give proper and continuous attention to the affairs of the company. Filing of proper reports of allotment should be looked after by the director. He should have a thorough check on the audit report made by the auditor and should look after the standard of auditing(Study Mode, 2016). The director should look after the ASX listing rules and should work accordingly. ASX has been established to understand and meet up the expectations of the stakeholders and look after the confidence of the investors. ASX in August 2002, assembled into the ASX Corporate Governance Council. The companies, according to the ASX Listing Rules 4.10.3 are asked to supply a statement exposing the limit to which the company has been following the recommendation. Recommendation mentioned here means certain guidelines which are crafted to produce results which is affective and is of better quality and honesty. Companies which have not followed the recommendation must select their recommendation and should give proper reasoning of not following the same. Annual report given by the company does not reduce the liability of the company to reveal the recommendation of the company under the ASX Listing Rule 3.1. In some of the cases, a company is required to provide proper reveal of recommendation i n a distinguished corporate governance statement incorporated in the annual report of the company. This information is required to be made in public, viz. on the website of the company (Stuart, 2014). Proper references should be mentioned in the website where the public or stakeholders can easily manage to get the information regarding the company. All this processes, should be looked after or followed by the directors properly as it is the duty of the said authority. The director of the company should keep an eye on the audit committees. Certain instructions have been provided in the SP / ASX All Ordinary Index and in the SP / ASX 300 Index(ECGI, 2016). According to the SP / ASX All Ordinary Index, the company has been asked to set out an auditing committee in the very beginning of the financial year of the company. And if the company is within the SP / ASX 300 Index, the company must follow the recommendation of the ASC Corporate Governance Council in order to form an auditing committee. The composition, responsibility and the work of the committee will be made in accordance of the said ASX Corporate Governance Council. The auditing committee should work by following the accounting standard. The work of an auditor is to make a report to the members of the company in the general meeting and state the profit and loss of the company in the financial year. He should also inform the directors about all the information which he had considered in the process of auditing. The auditor in his audit report should also enquire and report honestly to the board whether the loans and advances which has been made by the concerned company is shown as deposits, whether the personal expenses have been charged to revenue account, whether any assets of the company have been sold at a lesser price than its purchasing price and whether the transactions made by the company has been made in accordance with law. The auditors should be very cautious and careful while making an audit report, Re Kingston Cotton Mills Co[2]. The auditors should act reasonably and should be satisfied by the valuation of the asset he is making in the report. If not satisfied, he is ought to inform the fact honestly to the directors. Therefore, it is the duty of the directors to keep information about the audit report as well as working of the auditing committee, because lack in keeping proper notice may lead to collapsing of the company and the auditing committee cannot be held solely liable for the dishonest done work by them. The auditing committee is not responsible to the third parties as there is no contractual relation, Candler V Crane Christmas[3]. Conclusion: From the above discussion, it can be seen that the duty of the director can save the company from collapsing. The work of the director by way of proper scrutiny of the audit report, making of decisions which will work for the benefit of the company, using of his skill while discharging his duties will save the company from collapsing of the company. Corporate collapse mainly happens due to the lack of the proper corporate governance. The case of One-Tel can be considered in this context(Monem, 2016). The collapse of the One-Tel, which was considered to be one of the leading telecommunication companies of Australia, has faced a serious situation and gradually collapsed in the year 2001, Australian Broad Casting Corporation, 2001[4]. The reason behind the collapsing of the said company, One-Tel is the lack in corporate governance in respect of quality of the financial report and audit report, communication between the management and the board, improper internal control system. This few points regarding corporate governance can act as a chemical reaction which leads to the collapse of the company or in other words, it is the cause of the corporate collapse. HIH and HarrisScarfe, two major corporations, have also collapsed due to the same reason of lack in corporate governance. References: Adams, R., Hermalin, B. E., Weisbach, M. S. (208, november). The Role of Boards of Directors in Corporate Governance: A Conceptual Fraework and SuveyRetrieved from nber: https://www.nber.org/papers/w14486.pdf ASX. (2016). Corporate Governance principles. Retrieved from asx.com.au: www.asx.com.au/documents/asx-compliance/cg_principles Austrailian Review. (2016). Corporate collapses and deregulatory dilemmas. Retrieved from australianreview.net: www.australianreview.net/digest/2001/10/quiggin.html AVC. (2012, march). The Board Of Directors: Role and Responsibilities. Retrieved from avc: https://avc.com/2012/03/the-board-of-directors-role-and-responsibilities/ Commins, P., Meyer, J. (2016). Markets Live: Banks lift ASX. Retrieved from smh: https://www.smh.com.au/business/markets-live/markets-live-asx-on-the-back-foot-20160913-grfqxg.html Davies, P. L. (2000). The Board of Directors:Composition, Structure, Duties and Powers. Retrieved from oecd: https://www.oecd.org/daf/ca/corporategovernanceprinciples/1857291.pdf ECGI. (2016). ASX Corporate Governance Council. Retrieved from ecgi.org: www.ecgi.org/codes/documents/asx_recommendations.pdf ICSI. (2015). A Guide to Board Evaluation. Retrieved from icsi: https://www.icsi.edu/portals/0/guide_to_board.pdf Martin, l. (2015, JAN 29). Corporate Governance Guidelines . Retrieved from lockheedmartin: https://www.lockheedmartin.com/content/dam/lockheed/data/corporate/documents/Corporate-Governance-Guidelines.pdf Monem, R. (2016). The one Tel Collapse. Retrieved from griffith.edu.au: www98.griffith.edu.au/dspace/bitstream/handle/10072/42673/74746_1 Stuart, D. (2014, MARCH 1). The importance of independence. Retrieved from companydirectors: https://www.companydirectors.com.au/director-resource-centre/publications/company-director-magazine/2014-back-editions/march/feature-the-importance-of-independence Studymode. (2016). Corporate Governance in Australia. Retrieved from studymode.com: www.studymode.com/essays/Corporate-Governance-In-Australia

Water Pollution and Fishermen free essay sample

An analysis of the causes of water pollution and its long and short term effects. This paper examines the different causes of water pollution. The author finds that water pollution has not only a negative effect on fishermens life but also on everything that is related to it, such as species of fish and other sea life that are killed or are forced to move. Furthermore, fishing and other activities that take place along the seashores are affected. It is damaging all the jetties and sea life that live off the dockside and ruins fishing for fisherman. Furthermore, due to the water pollution death fishes are poisoned and killed as a result that could be seen floating in the creeks. The fishermen thus, then complain wherever such a situation occur the fish population is forced into the Atlantic Ocean into deep water and are therefore depleted, which as a result takes six to eight months or may be more for them to restart normal fishing occupation. We will write a custom essay sample on Water Pollution and Fishermen or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page And so what is meant is that the fishermen and its family starve and cut off from their occupation for a longer period of time (Macdonald. 1998) .