Leadership Assignment Example | Topics and Well Written Essays - 3750 words

Leadership - Assignment Example ii) Nature of Work to be adopted by the student The student must give equal values to profit and ethics in his working activities in future. He should try to get maximum returns from the work done but should never compromise on the social and moral values in business. In the course of his professional life, the student must try to stay at the highest position in his workplace. He must claim to serve his employer (if he works for someone) or customers (if he owns a business concern) with his best efforts. These goals can easily be achieved by the employees if he suffices the above mentioned vision criteria in future. It is assumed in the assignment that the student here desires to start up his business in future which would be entirely owned by him. This simply hammers on the fact that through entrepreneurship, a person can use his or her knowledge to create services or products for the benefit of the common people with their best efforts. By choosing to be an entrepreneur, a person c an have a better control over his future, a better understanding about the differences between value and work, the scale and scope of operations can be altered most efficiently by an entrepreneur in business. An entrepreneur has the best scope for innovation and improvement in work and also gets the best opportunities to learn and improve from the mistakes. It has been observed in the real world that many high-ranked corporate firms in the market had begun harbouring thoughts and inspirations of a single promoter in business. Like Anita Roddik, the lady who was the founder of the popular luxury cosmetics company ‘The Body Shop’. Such successful stories of famous business personalities carves ways to encourage the youth to take part in new entrepreneurship. The development of any economy is not possible without the successful contribution of creativity and invention. Thus it is highly rational on behalf of the student to start up his own business so that he can contribut e his learnt to the development of the society and economy in future. It is rather assumed that the student with the best or decent leadership skills should take up his own business as it is the best possible task that he can adopt (Lafer, 1999). iii) Personality traits In the theory of personality development, the Five Factor Model states that there are five types of personality traits. These are conscientiousness, openness, agreeableness, neuroticism and extraversion. The above vision, goal and the choice of work selected by the student clearly explains his personality traits. These are: Openness: as the individuals desires to set up his own business and explore the creative business skills in him independently. Extraversion: as the individual has the energy to reach the highest position in the business sector where he aims to reach. Agreeableness: as the individual realizes and gives much importance to moral and ethical values. He gives importance to social welfare. Conscientious ness: as the person tends to be self disciplined, he assures in his goal to work hard and efficiently in the course of his self owned business. The student asked his common friend Joe Parker to comment on the viability of the personal traits analyzed by the student. Joe Parker said that almost 75% of the analyses made by the student

Property Cycle Research Paper Example | Topics and Well Written Essays - 7500 words

Property Cycle - Research Paper Example Recent studies have shown that fluctuations in property cycle produces economic adversity to certain areas such as property, finance, socio-economic performance and have profound international impacts (Cedic Pugh and Alireza, 2001). The recent economic and financial crisis developed in ASEAN countries on the overheated property investments is suspected to be the main cause for this. Though valuation theorists traditionally ignored cycles arising from the predictability of this area of study in their valuation frameworks and models, similar to that of many social sciences (Born and Pyhrr, 1994; Pyhrr, Born, Robinson and Lusac, 1996), many studies support the relevancy of these cycles, for instance Institution of Charted Quantity Surveyor of United kingdom prepared a printed document for its members specifically addressing the practical implication of Britain's property cycles. Stepen A. Pyhrr, Stephen E. Roulac and Waldo L. Born (1999) tracing back to the happenings of early 1930s, provided a fairy exhaustive review and laid a good foundation for the body of knowledge of development of property cycles. Figure 2 represents a briefed summary of their work. Nikolai Kondratiett in 1928 noticed severe economic depressions in Russian economy that occurred regularly at 45 to 60 year span. These depressions followed by another long surge of business activities resulted in new peaks of economic outputs and prosperities (Stoken, 1993, cited in Stephen et al 1999). Depressions of this nature often referred to as recessions seemed to occur during 25 to 35 year up cycle period. Similarly in the west, Mitchell (1927, cited in Stephen et al 1999) suggested theoretical foundation and provided an empirical evidence for cyclical economic activities in U.S... Further works of many writers such as Schumpeter, Forrester and Rostow added more potency to this idea. Other highly noticeable studies on cycles came from Roy Wenzlick who studied the long cycles of