Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

As a leader, your job is to define the operating mechanisms for your organization, use them to align the teachable point of view (TPOV), and create positive emotional energy. While you may not be in a top leadership role, you can still make the most of the operating mechanisms you have and create new ones.

Before creating or changing the operating mechanisms, you need an assessment of what you already have. In this week, you will evaluate the current operating mechanisms and develop a vision for making the necessary changes to them. You will also develop a plan for implementing the new operating mechanisms, including a calendar with implementation dates. Complete the following tasks:

I. Using the scale given below, determine the effectiveness of the following existing operating mechanisms:
Strategy
Budget and finance
Resource allocation
People or succession
Planning

Rating Explanation
1 = Highly ineffective Contradicts the TPOV and creates a vicious nonteaching cycle
2 = Somewhat effective Moderate reinforcement of the TPOV and generates two-way teaching
3 = Highly effective Consistent with the TPOVâ?"everyone teaches and learns

II. Based on your assessment of the existing operating mechanisms, define your vision for changes to the existing mechanisms (operating mechanism, strategy, budget and finance, resource allocation, people or succession, and planning). Identify and collate the changes you want to make.

III. Develop a plan for implementing the new or revised operating mechanisms. After you have considered how to leverage your operating mechanisms, you must plan for implementation and ensure all pieces fit together:
Analyze the new operating mechanisms and describe how each of them supports the organization's mission.
Analyze and describe how each operating mechanism supports the other operating mechanism.
Build a calendar to plot your operating mechanisms to create a self-reinforcing system.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M927428

Have any Question? 


Related Questions in Basic Finance

Suppose chapman corporation is planning to pay a 2 per

Suppose Chapman Corporation is planning to pay a $2 per share dividend to its common stockholders. If the common stock price after the ex-dividend date is $50, what was the stock price before the ex-dividend date? $50 $5 ...

An issuer is trying to structure a floating rate tranche in

An issuer is trying to structure a floating rate tranche in a CMO offering. The tranche will be backed by mortgages with an 8 percent interest rate and a current balance of $2,000,000. Interest payable to investors in th ...

1 at what point on the surface of the circular cylinder in

1. At what point on the surface of the circular cylinder in a potential flow does the pressure equal the free-stream pressure? 2. For the velocity potentials given below, find the stream function and sketch the streamlin ...

Mike riskless is considering two projects he has estimated

Mike Riskless is considering two projects. He has estimated the IRR for each under three possible scenarios and assigned probabilities of occurrence to each scenario. State of Economy Probability Estimated BTIRR Investme ...

1 former federal reserve chairman alan greenspan once

1. Former Federal Reserve Chairman Alan Greenspan once argued that it is very difficult to identify bubbles until after they pop. What is a bubble, and why might bubbles be difficult to identify? 2. The British economist ...

Suppose the ceo of your company owns 500000 shares of stock

Suppose the CEO of your company owns 500,000 shares of stock in the company and is granted 10,000 non-transferable European options as a bonus. The expiration date of the options is two years, the strike price is $100 an ...

1 what is the relationship between the price of a financial

1. What is the relationship between the price of a financial asset and the return that investors require on that asset, holding other factors constant? 2. Define the following terms commonly used in bond valuation: (a) p ...

1 suppose that in the lasim problem the transport cost

1. Suppose that in the Lasim problem, the transport cost between the production site and the warehouse is not negligible. In this case, the inventory replenishment of product A-124 has a transport cost of € 25. Determine ...

1 what part of the federal fair housing act is applicable

1. What part of the federal Fair Housing Act is applicable to an apartment project? 2. Define net lease. 3. Why does shopping center management promote shopper-attraction activities? 4. How does a shopping center utilize ...

A stock is expected to grow 3 per year what is the price of

A stock is expected to grow 3% per year. What is the price of this stock if the required return is 9%? The stock is expected to pay a $1.4 dividend next year.

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen