Organizational Behavior Essay Example | Topics and Well Written Essays - 4750 words

Organizational Behavior - Essay Example It is also considered to be the job of a HRM to recruit and hold on to the most skilled and proficient employees to make the organization competitive with respect to attracting potential candidates. In the present competitive and rapidly altering business environment, management of human capital has become critically important to preserve viability of the team. Thus, the HRMs involve a pivotal role in today’s business as people are considered to be the key factor which helps to attain long-run competencies. Organizations can replicate production processes or marketing strategies, but the talent of employees makes an organization unique and differentiates it from other competitors (Society for Human Resource Management, 2012). My Personal Leadership Philosophy The concept of leadership is quite broad and situational. In order to become a successful HRM, I have examined the most vital aspects in me for the reason of mastering leadership. I have realized that leadership is not about having subordinates, it is not a mere title and it cannot be accomplished by mechanically following few ideologies but rather leadership means to have the nerve for making the appropriate choices. Leadership is empowering the subordinates to pursue a shared objective of accomplishing a positive and long-term influence. My leadership philosophy has been formed with the help of several aspects. The first aspect is self-understanding. I believe that without self-understanding, one cannot successfully accomplish leadership qualities. The rarest form of leadership is believed to depend on relationship. One of the most significant activities conducted by me for the reason of developing my personal form of leadership is identification of the core worth. Probably, the most critical aspect to become an operative leader is to define and realize the core values of the organization or the team so that shared objectives can be created and a culture to promote coordination as well as competition can be developed. Based on these philosophical guidelines, I shall determine my core values as self-understanding, honesty and respect, passion, growth and learning as well as communication skills which I expect to assist me in facilitating the attainment of organizational goals and objectives. My Skills /Competencies Se lf-understanding: It is believed that one cannot accomplish leadership qualities without self-understanding which signifies the realization of his/her strengths and weaknesses. Once this understanding is gained, decisions need to be made in accordance with the individual principles. It is in this context that a genuine leader is believed to remain true to every concerned person. Genuineness in this sense denotes reliability in behavior and decisions along with the appropriate level of sincerity towards the subordinates. Honesty and Respect: Honesty has great significance in life and helps to control actions which are ethical and well-justified. I regard honesty to be one of the vital values in my life. It sets a particular framework based on which a leader makes all decisions. Without honesty, there would be no inspiration to follow other morals. According to my experience in the HRM division, the other imperative factor measured to be essential for leadership is ethical practice. T he factor of ethical practice is one of the efficient and effective aspects of leadership in order to make appropriate decisions. It

Problem of the Inflation in The UK Economy Essay

Problem of the Inflation in The UK Economy - Essay Example sis, prices were rising at a yearly rate of 5%.According to CPI measure, less than a year later prices were rising by 1% and falling by about RPI measure on the other hand (Economic Tracker, Inflation, June 18, 2013). Causes Increase in private and public expenditure, increase in consumer spending, reduction in taxes, repayment of old internal loans, growth in population, increase in exports and deficit financing are the main causes in rise in demands for gods and services. Industrial disputes, shortage of factors of production, natural calamities and hoarding of goods are considered to be the main causes of decrease in the supply of goods and services. This phenomenon of inflation incorporated in the U.K’s economy was really a big swing that really caused some transformation within the country. The transportation cause was high due to interpolation of high oil prices resulting into upraised prices of products and thus high household energy bills. Food prices were enormously h igh due to the rise in subsequent rise in oil prices, which makes fertilizer and power much more expensive and costlier. The other causes are droughts, rising demand from emerging economies, and land being used for bio-fuel. The cost of imported goods bounced up due to the fall in sterling. By the early 2009, the price of crude oil has collapsed in just six months as it loosed two-thirds of its value. The world-wide recession had taken hold, which implies that there was less demand for fuel to power factories, transport good for the availability of shopping and to get the staff and worker to work. In the UK’s , another major reason for the inflation rate to be lower in-between the phase of 2008-09 was carving of VAT from 17.5% to 15% that was introduced to shoot up spending. The RPI measure... The essay mainly concentrates on the nature, cause and its impact of inflation in U.K’s economy and outlines the remedies, that should be proposed thereon for the abatement of the threat of the inflation. The inflation rate is explained with the help of AS-AD (Aggregate demand-Aggregate supply model) by John Maynard Keynes. There are two factors mainly working in the economy, i.e. the Cost-push inflation and the Demand-pull inflation ( factors for hiked price level marked with a high supply and lower demand level). The Cost-push inflation is generally there to lower the aggregate supply(short run) and the Demand-pull inflation is mainly to increase the level of demand in the economy. There are three side policies to tackle the inflation problem : demand side, supply side and exchange rate policies to check for inflation. The demand side policy can be two types of fiscal policy such as deflationary fiscal policy (increase in taxes and lowering of government spending) and deflationary monetary policy (rising of interest rate and reducing money supply). Supply side policies involve all the policies, that improves the efficient supply of all goods and services including privatization, training and education given to workforce, increase in industry competition. If the economy is deeply affected by inflation, the economic impact can be sub-divided into two major parts, i.e. its impact on productivity and impact on distribution of wealth. If inflation creeps in economy it has a positive impact as the price level increment is small.