The Leadership And Management Skills - 1386 Words

Leadership and Management Introduction Leadership management is one of the most essential facets in our current generation and those to come. Exceptional leadership and management skills have the capacity of successfully carrying a company from one stage of development to the next, which synchronizes aspects of technology and adequate research. The leadership and management skills exhibited by iconic leaders are worth emulating because their names are noted throughout history due to their important roles in the development of our country. This paper critically draws the examples of the leadership styles of one of the United States most recognized leaders– Abraham Lincoln. Discussion Abraham Lincoln’s leadership†¦show more content†¦The quality of leadership that incorporates visions shared by the majority and inculcation of dialogue in the achievement of goals and objectives were such attributes perfected by Abraham Lincoln (White, 2009). Though a superb speaker, Abraham Lincoln’s powers in implementing the strategies that he mentioned to the populace– he was a â€Å"say and do† type of a person which is a requirement for any specific leader, be it in a family or company. Principles to adopt in my leadership style. The thoughts projected and targets created must be free from corruption. Leadership and management works best when resources and opportunities are not channeled to the direction of a select few individuals for the purpose of gaining undue favor in comparison to the rest. The balance of leadership is in giving back to the society, a mindset that tunes leadership as a chance of making for oneself is often misconstrued. Leadership is a responsibility that affects society at large in terms of development, quality of life and future aspirations. That being said, I would ensure that as a executive, I would refrain from all corrupt dealings that would increase chances of failure for my company. This meaning the organization and my leadership skills must be transparent in regards to the operations. Recruitment, audit, planning and research teams must be transparent to avoid the fatalities that may arise as a result of failing to adhere

Foreign Exchange Forecasting Example

Essays on Foreign Exchange Forecasting Research Paper 1. Quantitative Exchange Rate Forecast The RBA exchange rate for September was A US 0703. The forecast for December 31, can be doneby using Exponential smoothing. From the RBA exchange rate data, the actual exchange rates for every 4th month can be extracted as shown in Table 1.1. The data has been taken from January 2004 to September 2011 which is a reasonably long time period for forecasting. Any arbitrary value of smoothing constant (alpha) is chosen. Here 0.4 has been chosen as the value as shown in Appendix. The smooth values for all periods till January 2012 are calculated using actual exchange rates and forecasted exchange rates of previous time period. The squares of the errors are calculated and their sum is found out. This sum is minimized using solver to come up with an optimum value of alpha as 0.79. The smooth or forecasted exchange rate of January 2012 is taken equivalent to the exchange rate on 31 December, 2011. This value comes out as 1.0665. Table 1.1: Forecasting exchange rates using exponential smoothing    Alpha / Smoothing Constant 0.790359404       Month Actual Exchange Rate Forecasted Exchange Rate / Smooth Value Error square Jan-2004 0.7644 0.7644 0.0000 May-2004 0.7143 0.7644 0.0025 Sep-2004 0.7147 0.72480299 0.0001 Jan-2005 0.7744 0.716818 0.0033 May-2005 0.7557 0.76232847 0.0000 Sep-2005 0.7615 0.7570896 0.0000 Jan-2006 0.7510 0.7605754 0.0001 May-2006 0.7636 0.75300739 0.0001 Sep-2006 0.7480 0.76137936 0.0002 Jan-2007 0.7720 0.75080486 0.0004 May-2007 0.8244 0.76755664 0.0032 Sep-2007 0.8827 0.81248332 0.0049 Jan-2008 0.8884 0.86797973 0.0004 May-2008 0.9559 0.88411908 0.0052 Sep-2008 0.7996 0.94085181 0.0200 Jan-2008 0.8884 0.82921211 0.0035 May-2008 0.9559 0.87599182 0.0064 Sep-2008 0.7996 0.939148 0.0195 Jan-2009 0.6438 0.82885493 0.0342 May-2009 0.7912 0.68259502 0.0118 Sep-2009 0.8801 0.76843199 0.0125 Jan-2010 0.8909 0.85668985 0.0012 May-2010 0.8490 0.88372816 0.0012 Sep-2010 0.9667 0.85628043 0.0122 Jan-2011 0.9924 0.94355158 0.0024 May-2011 1.0709 0.98215939 0.0079 Sep-2011 1.0703 1.05229637 0.0003 Jan-2012   - 1.06652571   - Sum   0.1535 2. Factors that could impact exchange rate forecast Inflation and interest rates are the biggest factors which can have an impact on exchange rates. The inflation in Australia in second quarter was 3.6% which is quite moderate and hence unlikely to impact the forecast. The interest rates also remain unchanged at 4.75% as per recent RBA announcement. Therefore, the current trend in exchange rates is likely to continue. The other factors that could impact exchange rates are current account deficits, public debt, terms of trade and political stability. Australia’s terms of trade are at very high levels but credit growth and employed have declined to some extent. The inflation is expected to reduce by the year-end. Overall, the Australian economy seems to be doing reasonably well on most counts. However, it is bound to be impacted by the weakened global economy. Therefore, the relative performance of Australian economy with respect to global economy will govern the exchange rates. Hence, the forecasted exchange rate for December 31 , 2011 seems fair with a possibility of deviation on the upper side. Appendix Excel Solver Report for optimizing Alpha Target Cell (Min) Cell Name Original Value Final Value $D$33 Error square 0.1733 0.1535 Adjustable Cells Cell Name Original Value Final Value $C$2 Alpha / Smoothing Constant 0.4 0.790359404 Constraints Cell Name Cell Value Formula Status Slack $C$2 Alpha / Smoothing Constant 0.790359404 $C$2=1 Not Binding 0.209640596 $C$2 Alpha / Smoothing Constant 0.790359404 $C$2=0 Not Binding 0.790359404 References Monthly Data. Exchange Rate Data. Reserve Bank of Australia. Retrieved September 18, 2011 from Bergen, Jason Van. (2010). 6 factors that influence exchange rates. Retrieved September 19, 2011 from Interest rates updates. Retrieved September 19, 2011 from

Risk Management Strategy and Plan Document Shell free essay sample

The first step will be to select a project that you to develop a risk management strategy and plan for. This project will be used as the basis for each of the assignments throughout the course and should conform to the following guidelines:The selected project candidate should reflect a real-life project that has at least the major milestones identified. 2. Domain Knowledge: You will be applying knowledge of this project to address assignments related to identifying and analyzing risks. Select a project that fits these requirements, and submit your proposal to your instructor before proceeding further with the assignments in the course. Approval should be sought within the first few days of the course. Your instructor will tell you how to submit this proposal and what notification will be given for project approval. Assignment: Your first task in this process will be to select a project to use as the basis of your Key Assignment. We will write a custom essay sample on Risk Management Strategy and Plan Document Shell or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page You will also create the shell document for the final project Key Assignment document deliverable that you will be working on throughout the course. As you proceed through each project phase, you will add content to each section of the final document to gradually complete the final project delivery, which is the Risk Management Strategy and Plan. The following project deliverables: 1. Submit project proposal to instructor for approval 2. Risk Management Strategy and Plan Document Shell * Use Microsoft Word * Title Page 1. Course number and name 2. Project name 3. Student name 4. Date * Table of Contents 1. Use auto-generated TOC 2. Separate page 3. Maximum of three levels deep 4. Be sure to update the fields of the TOC so it is up-to-date before submitting your project. 1. Section Headings (create each heading on a new page with TBD as content except for sections listed under New Content below) 1. Project Outline 2. Risk Management Justification 3. Project Risks Identification 4. Project Risks Assessment 5. Project Risks Responses Strategy . Project Risks Management Plan 7. Project Risks Monitoring amp; Control Plan 8. Project Risks WBS amp; Budget Updates 9. Project Risks Communications Plan 1. New Content to be Inserted in Above Shell * Project Outline 1. Brief description of the project. 2. The milestones and/or WBS for the project. 3. Material can be taken from approved proposal submitted to the instructor, and this will serve as the draft for the proposal. 4. Be sure this project is approved by t he instructor. 1. Risk Management Justification.