Prescription for Improvement of Organizational Behaviors- Part 5 Essay

Prescription for Improvement of Organizational Behaviors- Part 5 - Essay Example Gender discrimination was observed in the organization and as well as biases against older employees. Another negative attitude observed in the organization was that management do not let go any mistake of the employees, no matter how small it is and there is a very little mediation seen on the management side. All these create a negative impact on the organization. Budget restraint is another problem and the government should solve it. It not only creates problems during work but also restraint them to hold on their projects and activities which affects their work capabilities. The work overload is another problem in the organization and this is due to less staff and more work. Deploying more staff members can solve this problem. All these negative points increase complaining and too much complaining declines the quality of work as well as the work environment get tense. After observing the organization and the behavior of employees and manager, I am suggesting some ways to improve the environment of the organization. Drucker (2006) has given a very convincing analysis of what the effective manager should be like. As a manager, following steps can be taken in order to overcome these negative attitudes in the organization: According to Drucker (2006) â€Å"Effective executives do not start with their tasks. They start with their time.† As a manager, one must model positive behavior to all the employees, and it should never be negative. Each staff members is important for the manager and showing favoritism towards any staff member is a self-attack for the manager. So the first thing is that the behavior of the manager should be positive and a model for his employees. Manager must show confidence in the abilities of his staff members and like this a positive and constructive work place environment can be build. If a manager talks in a negative way and favors a particular employee, staff will follow him and will feel no shame in doing the same. When a

International Finance Assessment Case Study Example | Topics and Well Written Essays - 4750 words

International Finance Assessment - Case Study Example When a firm operates only in the domestic market, both for procuring inputs as well as selling its output, it needs to deal only in the domestic currency. As companies try to increase their international presence, either by undertaking international trade or by establishing operations in foreign countries, they start dealing with people and firms in various nations. Since different countries have different domestic currencies, the question arises as to which currency the trade should be settled in. The settlement currency may either be the domestic currency of one of the parties to the trade, or may be an internationally accepted currency. In this case, Rolls-Royce has agreed on a dollar as the currency for settlement. The mechanism by which the exchange rate between these currencies i.e. the value of one currency in terms of another currency is determined, along with the level and the variability of the exchange rates, can have profound effect on the sales, cost and profits of a fir m. The change in the value of currencies takes place because of the change in the demand for holding that particular currency. The businesses may be affected in a number of ways because of the changing exchange rate. Some of them are as follows: Exchange rates may be of different types like fixed exchange rate, floating exchange rate and also exchange rates with limited flexibility. Different kinds of exchange rate systems have different methods of correcting the disequilibrium between international payments and receipts. This actually is one of the basic functions of these mechanisms. Fixed Exchange Rate System - As the name suggests, under a fixed or pegged exchange rate system the value of a currency in terms of another is fixed. These rates are determined by governments or the central banks of the respective countries. The fixed exchange rates result from countries pegging their currencies to either some common commodity or to some particular currency. There is generally some provision for correction of these fixed rates in case of a fundamental disequilibrium. The Gold Standard System and the Breton Woods System are some of the examples of Fixed Exchange Rate System. There are also particular variations of the fixed rate system like: Currency Board System - Under this system, a country fixes the rate of its domestic currency in terms of a foreign currency, and its exchange rate in terms of other currencies depends on the exchange rates between the other currencies and the currency to which the domestic currency is pegged. The biggest advantage of a currency board system is that it offers stable exchange rates, which act as an incentive for international trade and investment. The discipline enforced on the government and the financial system also helps in improving the macroeconomic fundamentals in the long run. Target Zone Arrangement - A target zone arrangement is system in which a group of countries sometimes get together, and agree to maintain the exchange rat