Tuesday, May 5, 2020
Relationships to character strengths and job - MyAssignmenthelp.com
Question: Discuss about the Relationships to character strengths and job. Answer: Team performance plan: purpose and gaols for the work team: As far as the case study is considered, it has been analysed that the teams have to develop their gaols and alter the same as per the new requirement of the project that deals with older people. The purpose of the teams will be to educate and help the new members of the fitness program that are old and do not have any experience of fitness. It is required by the team to help those members so that they can get familiar with the environment and take care of their health (Hoch Kozlowski, 2014). Some of the goals of the team should be: To provide personal trainings to the older people Keep the records of their health issues Make their diet and training charts as per their health Communicate with them so that they feel motivated Help them and educate them about their health Identifying their emotional issues and reasons for depression Helping them to get out of the same. Link of above goals to organisational gaols As per the companys goals, initially, the company was serving the people less than 3 years of age but now as the new project demands the company to serve the people above 50 years of age as well thus it is a big challenge for the company as the workers working there. It has been analysed that it is required to link the gaols of the teams as well as the organisations so that the ultimate success can be achieved (Ferrazzi, 2014). The goal of the company is to help those people above age of 50 to engage in physical fitness activities and keep themselves fit. This requires the company to educate those people. This is the gaol of the firm as per the new project. In consideration with the above team gaols, it has been analysed that if the team understand the requirements of those older people the only they can help them for long term. Thus all the gaols mentioned above are linked to the organisational gaols of making the new members of the gym too be fit and fine (Kumar, Deshmukh Adhish, 2014) Team purpose, roles, responsibilities and accountabilities: Purpose: The purpose of the teams will be to educate and help the new members of the fitness program that are old and do not have any experience of fitness. Roles: As a fitness trainer Give them diets Help them emotionally and physically Educate them Sharing information not them about their health improvement and issues (Harkiolakis, 2016). Responsibilities: To take care of the new members Talk to them in lunch and after training sessions Deal with them and understands their emotional cues Accountabilities: Regarding the diet of the members Regarding their health improvements Records Alignment of individual roles, goals, responsibilities of team: The team members have to play the role of the teacher as well as the care taker. As far as their gaols are concerned, it is required them to improve the health of the individual who are registering into the gym. It is their responsibility to keep the record of their health issues and the level of improvement their achieving (Dimick, 2015). The whole team has to divide the responsibilities so that each and every task can be completed efficiently. Expected outputs: Improved heath of the new joiners People are more informed about their health Team members are engaging with the older people as well KPIs: BMI of the new joiners Improved knowledge about the health Better and improved their health Better diet Self-encouraged to become fit Strategies for planning, decision making and operations: Proper delegation of work among the team members Proper recording of the data Promotion of the new fitness program Involvement of team members to make decision Sessions for the team members regarding the older people thinking and nature so that they can better deal with those people Better communication and emotional intelligence techniques Strategies for supporting team cohesion and participation: Incentives and rewards: provision of incentives and rewards on the basis of customer satisfaction helps to motivate the team members to perform better. This can be on individual as well as team basis (Santos, Caetano Tavares, 2015). Team meetings: It is required to review the team and conduct the team meetings so that the outcomes and the team can be analysed. Team review: Performance review is the most important thing that needs to be done in order to make the things better in the team. Team motivation: Team can be motivated by different means and thus it is required to implement such strategies (Mathieu, Tannenbaum, Kukenberger, Donsbach Alliger, 2015). Policies and procedures: Modelling of desired behaviour and practices: communication and social skill practices policy is the policy that should be implemented in the company to train the employees in order to take desired behaviour from the employees (Ruch, Gander, Platt Hofmann, 2016). Reward management policy is the policy that needs to be implemented in order to motivate the employees. Performance review policy: It is the policy that needs to be implemented in order to review the performance of the employees. Team encouragement: It is the policy that needs to be implemented so that the teams that are working should be encouraged. Better communication policies: communication policy should be implemented in order to make the better information flow (Eubanks, Palanski, Olabisi, Joinson Dove, 2016). There are five stages of team development and performance: Forming: It is the initial stage of the team in which the team starts developing and team members start getting acquainted. Storming: it is the stage that is related to conflicts and it is considered as the most critical stage. Norming: It is the stage where a kind of unity emerges in the team Performing stage: It is the stage where the team knows the roles and responsibilities and starts doing action. Adjourning: It is the stage where almost all the goals of the team are accomplished (Driskell, Driskell, Burke Salas, 2017). 3 strategies to gain team consensus: Encouraging team: It is the strategy that helps in developing the teams and encouraging them to perform effectively and communicate with each other. Involving team in decision making: it is required to consider the opinion of the team members at the time of among the dictions. This is because it helps in developing the team morals and makes them feel important. Prioritize the things: IT is also required to priorities the things or the gaols that needs to be achieved by the team. This help the team members to take the decision that which step should be taken first to achieve the poetized gaols (Oke, Olatunji, Awodele, Akinola Kuma-Agbenyo, 2016). Strategies that support team cohesion and participation Incentives and rewards: provision of incentives and rewards on the basis of customer satisfaction helps to motivate the team members to perform better. This can be on individual as well as team basis. Team meetings: It is required to review the team and conduct the team meetings so that the outcomes and the team can be analysed. Team review: Performance review is the most important thing that needs to be done in order to make the things better in the team. Team motivation: Team can be motivated by different means and thus it is required to implement such strategies (O'Neil Drillings, 2012). Effective resolution strategies for team: Better communication: IT is required to implement the communication strategies. This helps me resolving the conflict and removes the misunderstandings between the members of the team. Clarify the roles: It is required to clarify the roles and the responsibilities of the team members so that they can be easily fulfilled by the members of the team. Collaborating: It is required to collaborate the members and aligns the individual gaols with the team gaols. This is because it helps in achieving the team targets as well as the individual tracts. Some of the roles that have been played by me are discussed below. These roles provide an opportunity for me to be the role model for other members of the team: Leader: I play as the team leader because I always take initiative in the team and always try to resolve the conflicts amongst the team members. It has been analysed that I am very much emotional as well as try to understand the emotions of the team. Manager: I am the one who manages all the things in the tea also works as manager of the team. Innovator: I am the on who gives innovative ideas to conduct the tasks in the team and all people likes me and believe in me. For supporting team members: Team meetings: It is required to review the team and conduct the team meetings so that the outcomes and the team can be analysed. Team review: Performance review is the most important thing that needs to be done in order to make the things better in the team. Team motivation: Team can be motivated by different means and thus it is required to implement such strategies. Celebration at the workplace: This helps in developing informal communication between the team members and makes the environment pressure free to work for the team members (Chen, Sharma, Edinger, Shapiro Farh, 2011). Nine team roles: Plant: It is the role played by the individual who is creative in nature and develops the solution for the problems. Resource investigator: these people are very optimistic and enthusiastic nature. Co-ordinator: he is the person in the team who manages everything in the team. He coordinates between the people and has good communication skills. Shaper: he is the one who shapes everything. He can overcome any obstacles and deal with the things very easily. Monitor: He is the one who monitors and evaluate everything and every task. This helps the team to make improvements in the performance. Team worker: he is the one who works as the team and develop team spirit. He has good communication skills and can adjust with anyone in the team. Implementer: he may not able to me the strategies but has the capability to implement the same. He has the managerial capabilities to manage the things and implement things easily. Finisher: he is the one who concludes things. He is the one who finishes the task and improved the quality of the work. Specialist: They are the one who are specialist in a single field. They can perform single task but they perform it very effectively. (Ruch, Gander, Platt Hofmann, 2016). References: Butler, C. (2015). New challenges for leading teams in global team-based organizations. Chen, G., Sharma, P. N., Edinger, S. K., Shapiro, D. L., Farh, J. L. (2011). Motivating and demotivating forces in teams: cross-level influences of empowering leadership and relationship conflict.Journal of Applied Psychology,96(3), 541. Dimick, J. B. (2015). Leading Teams Effectively: Motivating and Prioritizing Work. InLeadership in Surgery(pp. 99-106). Springer International Publishing. Driskell, T., Driskell, J. E., Burke, C. S., Salas, E. (2017). Team Roles: A Review and Integration.Small Group Research, 1046496417711529. Eubanks, D. L., Palanski, M., Olabisi, J., Joinson, A., Dove, J. (2016). Team dynamics in virtual, partially distributed teams: Optimal role fulfillment.Computers in Human Behavior,61, 556-568. Fairhurst, G. T., Connaughton, S. L. (2014). Leadership: A communicative perspective.Leadership,10(1), 7-35. Ferrazzi, K. (2014). Getting virtual teams right.Harvard Business Review,92(12), 120-123. Harkiolakis, N. (2016).Leadership Explained: Leading Teams in the 21st Century. Taylor Francis. Hoch, J. E., Kozlowski, S. W. (2014). Leading virtual teams: Hierarchical leadership, structural supports, and shared team leadership.Journal of applied psychology,99(3), 390. Kumar, S., Deshmukh, V., Adhish, V. S. (2014). Building and leading teams.Indian journal of community medicine: official publication of Indian Association of Preventive Social Medicine,39(4), 208. Mathieu, J. E., Tannenbaum, S. I., Kukenberger, M. R., Donsbach, J. S., Alliger, G. M. (2015). Team role experience and orientation: A measure and tests of construct validity.Group Organization Management,40(1), 6-34. Northouse, P. G. (2015).Leadership: Theory and practice. Sage publications. Oke, A. E., Olatunji, S. O., Awodele, A. O., Akinola, J. A., Kuma-Agbenyo, M. (2016). Importance of team roles composition to success of construction projects.International Journal of Construction Project Management,8(2), 141. O'Neil, H. F., Drillings, M. (Eds.). (2012).Motivation: Theory and research. Routledge. Ruch, W., Gander, F., Platt, T., Hofmann, J. (2016). Team roles: Their relationships to character strengths and job satisfaction.The Journal of Positive Psychology, 1-10. Santos, J. P., Caetano, A., Tavares, S. M. (2015). Is training leaders in functional leadership a useful tool for improving the performance of leadership functions and team effectiveness?.The Leadership Quarterly,26(3), 470-484.
Saturday, April 18, 2020
The Topics Problem Solution Research Paper Cover Up
The Topics Problem Solution Research Paper Cover Up Always offer you concrete solution and expound to your reader why it's the optimal solution. Again, the solution for you will be dependent on your situation but here are a few strategies you may want to appear into. Tell your readers why your solution is the best option out of the rest of the solutions. It is a process or action that settles the problem. The Ultimate Topics Problem Solution Research Paper Trick In that case, to be able to save your marriage, you must drop control! There's nothing inherently wrong with original research, but you have to choose research problems that could be supported, somehow, by the resources that are available to you. Maintain an open mind and relate the way your research can address their problems or enhance any facet of their life. When you look around, you're observe social difficulties that affect society each and every day. Issue arrangement essay is a type of an exploration pap er in which you portray a particular issue and endeavor to discover a way of comprehending it. Practical considerations, including, the duration of the paper you're writing or the access to resources to analyze the issue may also factor in how many questions to ask. Or, if you would rather, have a blank bit of paper. Writing essays is almost always a challenging undertaking for students. Below are a few examples of popular topics of discussion. While picking out a topic for your essay be sure you are passionate about it and don't get lost among a great deal of information that can be found. Or you'll be able to adapt a topic which will be appropriate for your assignment. Writing an issue and solution essay isn't easy more so when you're not provided with the topic. Additionally, when writing an essay, additionally it is essential to think about selecting a topic that has a viable or practical solution. Writing an issue and solution essay might appear challenging in the beginning, but as soon as you've got your subject, you're golden. Hence, you've been provided with the simplest topic for problem solution essays, you can choose any on of the above mentioned and begin writing your essay very quickly. If it's to change, we need to be the ones to change it. If you obtain everyone in your organization thinking and talking when it comes to solutions, you'll be astonished at the high quality and amount of suggestions that will emerge. In the event you don't know a lot about the topic, clarifying it'll show up as it takes everlastingly so find something you like. The main reason is there are basically only two main things you will have to write about in your problem and solution essay, making it so much simpler to research info and structure the paper. During the duration of your academic career, whether at school or university, you'll almost certainly have to write a minumum of one problem solution essay. Your capacity to communicate is the main skill you'll be able to develop to have on to the speedy track in your career. Start searching for a teacher in case you don't understand how to do it correctly or make short research, there are lots of resources and guides for meditation. What eludes our knowledge is simply the opposite. So How About Topics Problem Solution Research Paper? Immigration ought to be encouraged, not prohibited, in order to increase diversity. Research papers are made in the structure of having the ability to argue a point. Where to Find Topics Problem Solution Research Paper Once you have discussed the very first portion of the essay, which is in fact the issue, move on to its second part solut ion. Let's talk about the simple issue and solution essay ideas. As soon as you are in it there isn't any manner of quitting. Among the great things about problem solution essays is they have a fairly clear structure. If you understand that there is some sort of a problem explained in the job, and you're requested to present possible way outs, then you need to repeat the issue and solution definitions. Allow it to be clear how exactly it will help in solving the discussed problem. Too many problem-solving discussions wind up focusing each of the interest of all of the people present on what happened previously and who is to blame. There's no use in bringing up a problem without suggesting ideas about how to solve it. It is possible to also use your individual experience or the experiences of people that you know as a descriptive introduction to the issue. For example, telling readers they're to blame if they do nothing to fix the issue is a sure-fire means to lose readers.
Wednesday, April 15, 2020
How to Write Term Papers Online
How to Write Term Papers OnlineIf you want to learn how to write reddit term papers, this article can help. It covers a few basics about writing term papers online, as well as tips on how to ace your papers. The trick is knowing how to get started. You'll have to keep your motivation up, of course, but it will pay off in the end.So, what's the first thing you should do when learning how to write term papers online? The first thing you should do is find a decent internet connection. The next thing you should do is figure out what topic you want to cover.Now, the reason you want to start is because you want to have something to write about. Something to study or think about. As you can imagine, there are so many topics available, so you may as well start researching them. Once you've done this, you should pick out things you want to cover.Now, if you're just looking for a paper to study, then you can start out by picking a topic that interests you. It doesn't have to be anything really serious, like math or science. All you have to do is pick something that interests you, and something that will get your creative juices flowing. Once you get going, you'll notice a trend towards whatever interests you.However, if you need a topic for a class, then the best thing to do is narrow it down. Think about what you would need to study. Is it going to be math, and do you need to research anything for that? If so, then you might want to focus on something less broad. If you need to study something related to your schoolwork, though, then you might need to research it a little.If you do need to research something, you might need to write a little more than most people. That's just part of the game. You need to be able to write well, and if you do it correctly, it should come out right in the end. No one can judge your writing ability, if you're trying to impress your teacher with your writing ability.So, in order to learn how to write term papers online, you should keep it s imple. Don't make it too complicated, or you'll just bog yourself down. Keep it fun, and make sure you're able to relate it to your particular class. The worst thing that can happen is that you miss something you needed to know.By doing this, you can learn how to write term papers online. That's what's important, of course. What isn't important is how to write term papers online. Learning about how to write term papers online is just the start of the story.
Monday, April 13, 2020
Definition Research Paper Topics
Definition Research Paper TopicsDefinition research papers is a strategy that will get you to dig into the subject matter of the topic in question. There are many approaches you can take, but in my opinion the following three methods will help make definition research papers successful.The first method is what I would call 'roll your own'. You begin by writing down the definitions that you want to use and have the definitions provided for you as you go along. This method works best for use in defining a single concept or an entire field. You'll want to be sure that the definitions are current, and not those of a dictionary, which you can get from a local library or bookstore.The second method is what I would consider more 'creative' than the 'roll your own' method, but the approach is the same. You get the definitions to fit the research paper, then you set up the studies that demonstrate their use. It's important to set up the studies before you start the definition research paper, however, because you'll need to include lots of details in the studies themselves.The third method is going to require you to rely on the Thesaurus. For this approach, you'll want to find definitions that work well in the title of your paper, and which also works well in the body of the paper. You can find definitions through many places, including the internet, but you'll need to be certain that the examples in the internet can be made to 'read' like your paper.Definitions, or in other words definitions research papers, are critical in any research paper, whether they're defined using the 'roll your own' method or in a different way. Once you understand how definitions research papers work, and how you can apply them to specific topics, you'll be able to create an effective definition for almost any topic.You'll first define the topic and gather information about it. Then you'll need to make sure that the data on your topic are all correct, so that you'll be able to properly define it.As you study various types of information about the topic, you'll begin to have doubts about your information. That's when you'll need to make use of the Thesaurus. The Thesaurus is your friend in your effort to define your topic, because the Thesaurus will help you find terms that you may have never seen before.The Thesaurus is a tool that works with you, helping you find the most appropriate term to use. You need to make sure that the definitions that you get fit the information you have gathered about the topic, but Thesaurus will make that possible. I recommend you consult the Thesaurus, when you're creating a definition for a new topic.
Saturday, April 11, 2020
Vermont Writing Painted Essay
Vermont Writing Painted EssayWith Vermont writing painted essay this is quite a challenging assignment to undertake. You will need to write a persuasive essay in order to persuade the reader. You need to persuade them to believe in you and that you are a worthy person. You need to show them that you are an exceptional and valuable person and you deserve their admiration.Painting this kind of essay has been known to be quite difficult. The idea is to make your essay convincing enough to convince people so that they trust you. People tend to take everything that comes from the newspaper or the television as the truth. They tend to listen to the opinions of those people who appear on the national news and talk shows. They look at the opinions of those people and if they are someone like the CEO of a big company, they automatically assume the best possible thing that he says, but it could have been something totally different.This is the reason why you need to use a paintbrush and canvas to get through this kind of essay. You need to compose your thoughts in words, but in a way that you can convince the reader. By going back to basics of writing you will make your essay more believable. Vermont writing painted essay is one of the types of essays that requires you to compose your thoughts and try to convince the reader that you are right.When it comes to writing an essay, you must begin by assessing your qualifications and capabilities. If you are a good writer then it will not be too difficult for you to compose an essay, but if you are not yet qualified to compose an essay, the chances are that you will not be able to convince the reader. You need to create the impression that you are a very smart and talented person. You need to become the person that they want to hire. In other words, you need to put yourself in the position where you are the most needed person in the world. You must convince the reader that you are the right person for them.Painting this kind o f essay requires you to carefully compose a written paper. The better you get to write the more you will want to write. This is one of the reasons why people learn to write poetry at an early age.Painting this kind of essay is a little bit of a complicated task. It involves a lot of thinking. The greatest challenge you will face is that you have to convince the reader that you are the right person for them. You may not be the smartest or the most talented person in the world, but you must convince the reader that you are the most valuable person. There are several ways of writing essays and you should be able to find the best one for your own.Painting this kind of essay is quite challenging and this is also because there are not many ways of composing it. You can only rely on one method, and this is to write a persuasive essay in a persuasive manner. It is important that you have the skills and qualifications to do this as well.
Saturday, April 4, 2020
A Close Reading of Nicholas Carr Essay Example
A Close Reading of Nicholas Carr Paper The essay, although Informed Is an opinion piece. It has been written expressly for the reason to take the knowledge available and apply it to Cares ideas, to reinforce his points as he tries to persuade the reader to re-think their understanding of the internet and its uses. There are many sources available to use for this topic and Carr takes advantage of this, however there is not much in the way of hard evidence, most of the evidence he uses Is anecdotal that he can align with his own. Ear actually uses predominantly online resources; he often quotes online floggers and friends hat he describes as literary types. He uses this form of evidence to prove points on how the way peoples attitudes are changing, such as this quote by Scott Kara, a flogger, l was a lit major In college, and used to be a voracious book reader after Kara confessed to have stopped reading books, Carr has tactfully used this quote to justify the point and can follow it up and build on it. It Is remarkable that Cars key study he uses Is also an online source, continuing his reliance on the Internet even as he scrutinizes it. After conceding that anecdotes are to a sufficient form of evidence, in a seeming effort to legitimate his essay he refers to an online study conducted by the university College London. The conclusion of the study that had confirmed that research habits were changing fits well with Cars overall point. However you must make note of Cares choice to omit of any other form of study, he only references the one online, which leads to the conclusion that this exclusion is actually a comment on how everyone has become overly reliant on the Internet that It has even led to the desertion of printed studies, this subtle point actually ties in well with the previous quote of Scott Kara successfully tying together various parts of his text. The first reading of the piece gave a sense of ease as Cars style, flow and finesse gently prod the reader to at least consider the argument he Is making objectively. We will write a custom essay sample on A Close Reading of Nicholas Carr specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on A Close Reading of Nicholas Carr specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on A Close Reading of Nicholas Carr specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Carr wants to make the essay as palatable as possible, by publishing it on the Internet as an article in an online magazine he is actively obeying the ideas that peoples reading and thinking Is changing, so he writes for the audience, however this Is also providing his own evidence to his point. SE of Internet Jargon, the term flogger for example will make the reader feel relaxed as this type of language will be recognized by any internet user and they wont feel overwhelmed. By using familiar words Carr Is assuming Tanat people will De addle to comprehend Ana retain Nils message and that is one of his big concerns. Carr sites the study by the University college London that people have become power browsers who look for quick wins, so by using language and that amplifies retention he tries to discourage that style of reading, this is another subtle layer to his argument which he is repeatedly making while taking full advantage of multiple assets that this style of writing offers. Page 2 Understanding that critics of the reading would be quick to dismiss it as techno phobic, Carr identifies the possibility that he could in fact Just be over thinking the issue. He looks back in history and discusses historical figures that also had a disapproval of change. Socrates disapproved of writing development because it could cause people to become complacent with knowledge and Sacrificing worried about the easy availability of books, as he thought it would lead to laziness. Carr points out that often these fears came true however that the worried parties frequently did not foresee that the benefits would out way the issues. This is an unusual point for Carr to make, but very interesting because it invites us, as he puts it to be skeptical of his Skepticism. He is inviting the readers to look closer at what he is saying, he is trying to motivate them to take note of the writing and think about it, he is cleverly prompting independent thought as well as trying to dodge being called a Ululated as he predicts. The crux of Cars argument is not about how the Internet is changing Just the technological and practical side of reading, but how these fundament al changes have a radiating effect through the mind and emotions of people. This is brought out in essence with the shift in tone and content towards the last section of the essay, now his writing is directed with a more rhetorical intention as he discusses the mind, he draws a clear contrast between reading a book, as a collection of printed pages to inspire analysis, to that of an internet article, an abstract bundle of knowledge we arrives less response out of on a deep intellectual or emotional level. Nicholas Cars essay, touches on many points within a broad field, he takes his ideas and coordinates them, paying close attention to peers and the past. His writing style is effectively used to add additional layers of meaning to the skin-deep layer that anybody can read, and he is fully aware of his works context and predicts reactions to assert himself though his writing. If Google is making us dumber it will not be for writers like Nicholas Carr not trying to prevent it.
Sunday, March 8, 2020
Management of financial resource and performance at Vodafone The WritePass Journal
Management of financial resource and performance at Vodafone Introduction Management of financial resource and performance at Vodafone IntroductionTypes of communication system and Its ImportanceRole of stakeholderFinancial AnalysisConsolidated statement of financial positionà Information SystemsStrategiesMarket StrategiesProductPriceAdvertisement and offersFinancial risk managementForeign exchange managementLiquidity risk ManagementConclusionReferencesRelated Introduction Being the largest mobile company of the world it is giving job opportunities to more than 65000 people.It is succeed to popularised its name as aà new largest communication company of the world.Around 130 million people are being the costumers of this company.Ità does not see its business and service only but a best and effective communication too provide all over the world.Itââ¬â¢s increasing its level of selling power to high status.Vodafone has made its aimà to grow its revenue and improve its profit margin by adding value to its products and services i.e. earning more from each product sold and to be the leadingcompany in the communicationsmarket. Vodafone also has a commitment toà Corporateà Responsibility (CR). This is when a business tries to ensure its activities have a positive influence on the people and places where it works. Vodafone is planning to reduce the companyââ¬â¢scarbonfootprint by encouraging therecycling and re-use of old phones.à The Voda fone live! service enables customers to use picture messaging and to downloadà ring tones, colour games, images and information, through an icon-driven menu.This service will soon be further enhanced by picture messaging libraries, video clips and video telephony (seeing the person youre calling) and improving download speeds. Another service is the Vodafone Mobile Connect Card, which enables customers to access their normal business applications on a laptop when out of the office. Such services add value to the product, and high profile effective promotion will help sell these services to existing and new customers. The head quarter of this company is in London.It operate more than 30 milllion subscribers by the year 2010and largest company is in United States also. As we go to the history of vodafone ,we find its progressive report since 1982,extending from Racal strategies Limited.The Racal got its name change as Racal telecommunication Group Limited in 1995 and in 1996 Racal Electronics bought out the minority shareholders of Vodafone for GBà £110 million.The name Vodafone comes from voice data fone, chosen by the company to reflect the provision of voice and data services over mobile phonesThe name Vodafone comes from voice data fone chosen by the company to reflect the provision of voice and data services over mobile phones.(Anderson,T.J.,2006). Types of communication system and Its Importance One-way communication involves a company distributing information via brochures, letters, or with an exchange of information and ideas among stakeholders and the company.à Information is usually exchanged. The next type of communication is stakeholder engagement or stakeholder dialogue.à The intent of stakeholder engagement is learning stakeholdersà issues and concerns. If well designed, dialogue leads to knowledge being gained by both the company and stakeholders.à The company commits itself to considering stakeholder input in making its decisions with an exchange of information and ideas among stakeholders and the company.à Information is usually exchanged The next type of communication is stakeholder engagement or stakeholder dialogue.The intent of stakeholder engagement is learning stakeholders issues and concerns. If well designed, dialogue leads to knowledge being gained by both the company and stakeholders.The company commits itself to considering stakeholder input in making its decisions. Vodafone operates a global Performance Dialogue process for every employee. The process ensures that employees can make a clear connection between their goals and the business objectives. Each individualââ¬â¢s performance is discussed with their manager and career development goals are set. 93% of managers completed the Performance Dialogue process in the 2007 calendar year and 83% of employees approved development goals with their manager. Finally, with participatory/interactive decision making, a company collaborates with stakeholders in making decisions.à Shared decision making is not appropriate in all situations, but can be effective in helping a company design a plan that, when implemented, will be acceptable to its stakeholders. communication and stakeholderTo be a good corporate citizen, your company should be communicating with and involving itsà stakeholders to determine their issues concerning a particular facility.à There are costs associated with conducting these activities; however, costs to the company can be even greater if stakeholders take action against the company (e.g., hurting the companyââ¬â¢s image through a media campaign, holding up permits, suing the company).à Being aware of issues and concerns and working to resolve them early before they turn into negative action is time and money well spent.à On a positive note, ideas and suggestions from stakeholders can often be insight ful and useful in improving a facilities planning and operation. In this light, stakeholders can be seen as consultants to a company. The basic principles of stakeholder involvement are à Voluntary involvement:à Everyone involved should be committed to progress and full participation. à Openness, honesty, trust:à Open and honest communication is a requirement for mutual trust. Inclusiveness:à Strive to include all interested parties in some form of dialogue. à Common information base: Participants should have access to the same information. à Mutual learning: All parties, including host and stakeholders, should come to the discussionà à with a willingness to learn. à Creative options: Have a diverse set of stakeholders as a catalyst for creative thinking. à Collaboration in decision making: Build ownership to increase the likelihood of implementation, and future collaboration. à Coordination of stakeholder feedback: Communicate how you will use stakeholder feedback. Even if consensus is not possible, it is important that stakeholders feel their concerns are heard. Communication and stakeholder involvement should be a continuous activity conducted at a facility level and then augmented during periods of change or crisis when major decisions are beingà considered.à This guidebook describes the overall process, which can be tailored to fit the circumstances at your site à ± resources, history of community interaction, the role of the facility in the community, and decisions being contemplated.â⬠This is a new venture for many if not mostà cement companies so donââ¬â¢t be discouraged if your communications plan is basic and lacks the involvement of stakeholdersâ⬠(Barne J,1991).Theenvironmentalandsocialperformanceofcompaniesisincreasinglyunderscrutinyfrominternalstakeholders (e.g. employeesandstockholders) andexternalstakeholders (e.g. localcommunities, activists, regulators).à Greaterscientific, economicandsocialknowledgeisf uelingstakeholdersà demandsforincreasedinformation, clarity, andinvolvementinbusinessoutcomes. Role of stakeholder The basic principles of stakeholder involvement are Voluntary involvement:à Everyone involved should be committed to progress and full participation. à Openness, honesty, trust:à Open and honest communication is a requirement for mutual trust. Inclusiveness:à Strive to include all interested parties in some form of dialogue. à Common information base: Participants should have access to the same information. à Mutual learning: All parties, including host and stakeholders, should come to the discussionwith a willingness to learn. à Creative options: Have a diverse set of stakeholders as a catalyst for creative thinking. Collaboration in decision making: Build ownership to increase the likelihood of implementation, and future collaboration. à Coordination of stakeholder feedback: Communicate how you will use stakeholder feedback. Financial Analysis If we talk aabout financial seector of the company we get that It had amarketcapitalisation of approximately à £93 billion as of 9 March 2011 and it is making itself asà the fourth largest company on the London Stock Exchange.Vodafone Group plc is providing its products in Europe, Africa, the Asia Pacific, the Middle East, and the United States. The company offers various handsets; voice and messaging services; data services comprising Internet, email, music, games, and television; and fixed services, including fixed voice and fixed broadband solutions. It also offers value added services, such as Vodafone Email Plus and Windows Mobile. It also offers value added services, such as Vodafone Email Plus and Windows Mobile Email, which provide enterprise customers with real time handheld access to email, calendar, and address book; Vodafone PC Backup and Restore that enable users to remotely store data automatically through their Internet connection.Training and development Consolidated statement of financial position 2010 à £m 2009 à £m Non-current assets Intangible assets 74,258 74,938 Property, plant and equipment 20,642 19,250 Investments in associates 36,377 34,715 Other non-current assets 11,489 10,767 142,766 139,670 Current assets 14,219 13,029 Total assets 156,985 152,699 Total equity shareholdersââ¬â¢ funds 90,381 86,162 Total non-controlling interests 429 (1,385) Total equity 90,810 84,777 Liabilities Borrowings Long-term 28,632 31,749 Short-term 11,163 9,624 Taxation liabilities Deferred tax liabilities 7,377 6,642 Current taxation liabilities 2,874 4,552 Other non-current liabilities 1,550 1,584 Other current liabilities 14,579 13,771 Total liabilities 66,175 67,922 Total equity and liabilities 156,985 152,699 à à Information Systems Vodafone Information Systems depends on service level agreements (SLAs).according to this system it provides srvice through central reporting system.and brings the different datas from differrent sources.and rpovides them all the time to the employees and costumers.For a long time, Vodafone Information Systems used a combination of two applications for reporting purposes, both of which ran on an IBM mainframe. Training and development Using SAS, Vodafone Information Systems employees are now able to bring together data from a wide range of sources with a few mouse clicks and to create sophisticated reports in a very short period of time. At the heart of the new system is SAS, which allows IT system managers to have a single point of control over all the IT processes. Measurement data from sources. The system also offers completely new ways of presenting the information. Employees and customers can access the reports via the company intranet or the Internet using a Web browser anywhere and at any time. As the SAS solution has been integrated into the V.E.C.T.O.R. reporting system developed by Vodafone Information Systems, the company can guarantee that employees and customers can only display the information that is relevant to their needs. Customers themselves are able to choose the level of detail in the reports and therefore receive only the necessary information that they need to be able to complete their tasks . The simple archiving process means that developments can be tracked over a longer period without any additional work being involved. IT service providers like Vodafone Information Systems depend on service level agreements (SLAs) as a measure of their success. In order to ensure that the agreed service level is provided at all times, the service provider needs a central reporting system, which brings together measurement data from a wide range of sources. The increasing heterogeneity of the IT environment ââ¬â which includes a host, UNIX and Windows operating systems ââ¬â makes central access to the relevant data essential. For a long time, Vodafone Information Systems used a combination of two applications for reporting purposes, both of which ran on an IBM mainframe. In spite of the capabilities of these applications, they werent scalable and were no longer able to keep pace with the most recentà requirements.. Strategies Vodafones Partner Network strategy represents an increasingly significant development in the delivery of Vodafones mobile services and Og fjarskipti will be an ideal partner for the further development of mobile services. Vodafone is already established in many regionsà through its operator like Vodafone Sweden, as well as Partner Network Agreements with TDC in Denmark and Radiolinja in Finland, and this new agreement will increase one after another.Vodafone will continue to develop the Partner Network strategy, so the customers and partnerscustomers can use Vodafone services in an increasing number of countries.Following todays announcement, Vodafone global services, supported by its global brand communication, will be available in eight Partner Network countries: Austria, Croatia, Denmark, Estonia, Finland, Iceland, Kuwait and Slovenia, in addition to its subsidiary and associate markets.In course of making strategies it has forwarded the following points. A regionally focused Group: Europe, Africa and India Mobile data: accelerate exploitation of mobile data growth opportunity Enterprise: selective expansion in growth segments Emerging markets: drive penetration and data across attractive footprint Total Communications in Europe: continued capital efficient approach New services: growth opportunities including machine-to-machine and financial services Exploit scale to enhance efficiency and deliver cost benefits Generate free cash flow or liquidity from non-controlled assets building on the China Mobile and SoftBank disposals Rigorous application of capital discipline to enhance shareholder returns Market Strategies Product A product with many different features provides customers with opportunities to chat, play games, send and receive pictures, change ring tones, receive information about travel and sporting events, obtain billing information and soon view video clips and send video messages. Vodafone live! provides on-the-move information services. Vodafone UK operates over 300 of its own stores. It also sells through independent retailers e.g. Carphone Warehouse. Customers are able to see and handle products they are considering buying. People are on hand to ensure customers needs are matched with the right product and to explain the different options available. Price Vodafone wants to make its services accessible to as many people as possible from the young, through apprentices and high powered business executives, to the more mature users. It offers various pricing structures to suit different customer groups. Monthly price plans are available as well as prepay options. Phone users can top up their phone on line. Vodafone UK gives NECTAR reward points for every à £1 spent on calls, text messages, picture messages and ring tones. Advertisement and offers Advertising on TV, on billboards, in magazines and in other media outlets reaches large audiences and spreads the brand image and the message very effectively. This is known as above the line promotion. Stores have special offers, promotions and point of sale posters to attract those inside the stores to buy. Vodafones stores, its products and its staff all project the brand image. Vodafone actively develops good public relations by sending press releases to national newspapers and magazines to explain new products and ideas. There is good balance, 70/30 consumer/enterprise, and good balance, more or less 70/30 mature/emerging.the new strategy is composed of five elements. The first one is clear focus of the companyis in three areas ââ¬â Europe, Africa and India.The second will beà growth; coming from data in different ways.à The vodefone Groupl talks a lot about mobile data, and what internally it callà ââ¬ËSupermobileââ¬â¢, but also enterprise and also some regional differences between Europe and emerging markets, and some investment in new services, which, in the future, will be appealing to the customers. Continuing to leverage on our scale advantage, it can really create a difference for our customers in terms of lower costs. It will deal with the assets below the line in an approach to generate liquidity or cash flow from all of our non-controlled assets, in terms of portfolio strategy. Then it continuing to apply capital discipline, financial objectives and commercial tests to al l investments ità makes, internal and external. Financial risk management The Groupââ¬â¢s treasury function provides a centralised service to the Group for funding, foreign exchange, interest rate management and counterparty risk management.Treasury operations are conducted within a framework of policies and guidelines authorised and reviewed by the Board, most recently on 1 February 2011(Mc,Hee). A treasury risk committee comprising of the Groupââ¬â¢s Chief Financial Officer, Group General Counsel and Company Secretary, Corporate Finance Director and Director of Financial Reporting meets at least annually to review treasury activities and its members receive management information relating to treasury activities on a quarterly basis. The Group accounting function, which does not report to the Group Corporate Finance Director, provides regular update reports of treasury activity to the Board. .Risk management purposes only that are transacted by specialist treasury personnel. The Group mitigates banking sector credit risk by the use of collateral sup port agreements. Financial risk management:Under the Groupââ¬â¢s interest rate management policy, interest rates on monetary assets and liabilities denominated in euros, US dollars and sterling.are maintained on a floating rate basis except for periods up to six years where interest rate fixing has to be undertaken in accordance with treasury policy where assets and liabilities are denominated in other currencies interest ratesmay also be fixed. In addition, fixing is undertaken for longer periods when interest rates are statistically low. Foreign exchange management As Vodafoneââ¬â¢s primary listing is on the London Stock Exchange.Its share price is quoted in sterling. Since the sterling share price represents the value of its future multi-currency cash flows, principally in euro, US dollars and sterling, the Group maintains the currency of debt and interest charges in proportion to its expected future principal multi-currency cash flows and has a policy to hedge external foreign exchange risks on transactions denominated in other currencies above certain de minimis levels. As the Groupââ¬â¢s future cash flows are increasingly likely to be derived from emerging markets it is likely that more debt in emerging market currencies will be drawn. As such, at 31 March 2011 130% of net debt was denominated in currencies other than sterling (55% euro, 47% US dollar and 28% other) while 30% of net debt had been purchased forward in sterling in anticipation of sterlingà denominated shareholder returns via dividends and share buybacks. This allows euro, US dollar and other debt to be serviced in proportion to expected future cash flows and therefore provides a partial hedge against income statement translation exposure, as interest costs will be denominated in foreign currencies. Yen debt is used as a hedge against the value of yen assets as the Group has minimal yen cash flows Liquidity risk Management At 31 March 2011 the Group had â⠬4.2 billion and US$4.2 billion syndicated committed indrawn bank facilities and US$15 billion and à £5 billion commercial paper programmes, supported by the â⠬4.2 billion and US$4.2 billion syndicated committed bank facilities, available to manage its liquidity. The Group uses commercial paper and bank facilities to manage short-term liquidity and manages long-term liquidity by raisingà funds in the capital markets. â⠬4.2 billion of the syndicated committed facility has a maturity date of 1 July 2015 and US$4.2 billion has a maturity of 9 March 2016 which may be extended by a further year if agreed by those banks who have participated in the facility. Both facilities have remained indrawn throughout the financial year and since year end and provide liquidity support. The Group manages liquidity risk on long-term borrowings by maintaining a varied maturity profile with a cap on the level of debt maturing in any one calendar year, the refore minimising refinancing risk. Long-term borrowings mature between one and 26 years.Liquidity is reviewed daily on at least a 12 month rolling basis and stress tested on the assumption that all commercial paper outstanding matures and is not reissued. The Group maintains substantial cash and cash equivalents which at 31 March 2011 amounted to à £6,252 million (2010). Vodafone also produces proportionate customer number figures on a similar basis, e.g. if an operator in which it has a 30% stake has 10 million customers that equals 3 million proportionate Vodafone customers. This is a common practice in the mobile telecommunications industry. Year ended 31 March Turnover à £m Profit before tax à £m Profit for the year à £m Basiceps (pence) Proportionate customers (m) 2010 44,472 8,674 8,618 16.44 341.1 2009 41,017 4,189 3,080 5.81 302.6 2008 35,478 9,001 6,756 12.56 260 2007 31,104 (2,383) (5,297) (8.94) 206.4 2006* 29,350 (14,835) (21,821) (35.01) 170.6 2005 34,073 7,951 6,518 9.68 154.8 2004 36,492 9,013 6,112 8.70 133.4 Conclusion Valuation plays a key role in many areas of finance ââ¬â in corporate finance, in mergers and acquisitions and in portfolio management. The value of the company can be directly related to decisions that it makes ââ¬â on which projects it takes, on how it finances them, and on its dividend policy. Understanding this relationship is the key to making valueâ⬠increasing decisions and to sensible financial restructuring. In the focus of this thesis was the value of Vodafone Group, who is operating the biggest mobile network worldwide with presence in both emerging and mature markets. Drawing from the analyses of Vodafone and its environment, the major influencing risks, that are the most critical in terms of the future profitability and hence the value of the company, were found as following: 3G market takeâ⬠up, fixed mobile line substitution and level of regulations. The equity value of Vodafone was calculated using the discounted cash flow scenario method (à £87,954mln) (Domadaran,2008). Provided that the assumptions on which the forecasts were based and the probability distribution are correct, the Vodafone is currently under priced by almost 11%.The following actions could constitute the strategy that will maintain strong performance and deliver value to both customers and shareholders of Vodafone Group: cost reduction and revenue stimulation in mature markets, development of new products and services, extension to new emerging markets and selling unprofitable businesses. As a concluding remark, one has to keep in mind that although the discounted cash flow framework, along with other valuation models, is a quantitative tool, but the inputs leave plenty of space for subjective judgements. A mixture of financial theory, accounting methodology, industry knowledge and sound assumption was used to evaluate the equity of the company. As the underling assumptions change, the estimated value of the firm may change as well. References Andersen, T. J. (2006). ââ¬Å" Global Derivativesà A Strategic Risk Management Perspectiveâ⬠, Pearsonà à à Education,à Harlow, England. Andersen,à J. (2006). ââ¬Å"Perspectives on Strategic Risk Managementâ⬠,à Copenhagen Business School Press N.P. Barney, J. (1991). ââ¬Å"Firm Resources and Sustained Competitive Advantageâ⬠, (In Journal of Management, 1991, vol. 17, no. 1, pg. 99â⬠120). Damodaran, A. (2002). ââ¬Å" Investment valuation: Tools and Techniques forDetermining the Value of Any Assetâ⬠, John Wiley Sons, New York. Damodaran, A. (2008). ââ¬Å" Strategic Risk Takingâ⬠,à Wharton School Publishing,New Jersey. Johnson, G., Scholes, K., Whittington, R. (2005). ââ¬Å" The Environment In Exploring Corporate Strategyâ⬠, Earson Education, pp. 64â⬠87). McGee, J., Thomas, H., and Wilson, D. (2005). ââ¬Å"Strategy Analysis Practiceâ⬠, McGrawâ⬠Hill Maidenhead, UK Miller, K. D. (1992).â⬠A framework for integrated risk management in international businessâ⬠,( In: Journal of International Business Studies.vol. 23, no. 2, pg. 311â⬠331) Wise, D. (1991). Vodafones solo debut could boost share price,The Guardian (Guardian Newspapers). Cane, A. (1996). Companies and Finance: UK: Vodafone acquires Talkland in Pounds 60m deal,Financial Times. p. 22. Reguly, E. (1996). Vodafone pockets Peoples Phone.The Times (Times Newspapers).à News Digest: Vodafone snaps up Astec. Investors Chronicle: p. 55.
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