Current Issue : January-March Volume : 2024 Issue Number : 1 Articles : 5 Articles
Organisations have been changing and have encountered an accelerated rate of change. This accelerated change rate has led to increased interest in how to be at the leading edge of corporate business with a focus on the employees responsible for leading out that strategic change. This article analyses the leaders who are working in a leading Energy organisation. This article also reviews the leadership style of the subject leader and his way of leading his team in addition to the formation of his leadership style with reference to various classical and contemporary theories of management. It is apparent that the subject leader has proven to have leadership skills to properly analyze the sensibilities of cultural differences both on an interpersonal level and on the practical and professional levels. Therefore, he is not only able to form personal and emotional ties with his subordinates, but he is also able to do this cross-culturally....
Break even and profitability analysis is a classical and widely used topic in business analysis. Break-Even Point or point of equilibrium is the point of sales volume making neither a profit nor a loss. It is a valuable number to know. Traditional break-even analysis is used to determine how much sales volume your business needs to start making a profit. In this paper, we extend the classical break-even point concept by introducing a new notion of constrained break-even points with respect to prices. In this case, a traditional method of calculating break even point may fail. For this purpose, for finding constrained break-even points, we propose an optimization approach based on solving convex and nonconvex optimization problems. Convex minimization and convex maximization algorithms are used. We show that global minimum, local maximum, and stationary points of both problems are the constrained break-even points with respect to price. The proposed approaches illustrated on some fictitious business examples providing numerical results....
Even though data visualization has been gaining momentum in different fields of study, Finance needs to catch up. There still needs to be more use of data visualization tools to communicate with the financial and non-financial users of financial data. Financial data or numbers are sometimes difficult to comprehend, even for the mid-and low-level executives of a firm. In this study, we show how a firm can convey financial information to users by utilizing data visualization tools. While some improvements have been noticeable in filing proxy statements, there is still more room to use graphs and charts in 10-K and annual reports. Firms should use graphs and charts more frequently so that non-financial users can decipher the underlying meaning of numbers within the shortest possible time....
This paper is a synopsis of six things transformative leaders do to ensure a business survives and progressively advances towards its long-term goals amid the volatile, unstable, complex and ambiguous environmental conditions of the 21st century. The author draws this synopsis from previous research reviewing, 1) scholarly published papers, academic literature and empirical studies accessed through online scholarly search engines and knowledge bases, dated 2010 onwards, documenting and offering theoretical, conceptual and philosophical frameworks on the emergence of transformative leadership to help leaders profitably navigate the challenges of a chaotic, crisis ridden world, and 2) analysis of published case study data on African CEOs celebrated for successfully turning around failing businesses and posting outstanding outcomes in depressed local economic conditions. The paper suggests that business survival calls for higher skill sets than simply outsmarting the competition, keeping up with evolving customers or managing the bottom- line. Rather, transformative leaders facilitate irreversible transcendent change to ensure business survival, sustainability and long-term success. While conventional theory suggests that apex leaders should take direct control of business operations, transformative leaders install a vibrant business culture where leadership responsibility is shared with empowered followers. They keep the business abreast of the evolving economic environment by maintaining a profitable, responsive and creative tension between the business readiness to change and the impact of external forces altering the environmental landscape. In this paper the researcher uses classic, contemporary and current leadership theory to anchor its findings....
Work-family measures exhibit considerable variation across nations, often intended to foster gender equality. However, a notable research gap emerges, as there is greater emphasis placed on women’s access to work-family balance initiatives, while the situation of men and fathers remains relatively understudied. Given Quebec’s implementation of paternity leave in 2006, our focus shifts toward comprehending measures geared towards aiding fathers in achieving work-family balance. Through an extensive survey involving 1000 fathers, our research question aims to uncover the obstacles hindering fathers’ participation in work-family reconciliation initiatives. Furthermore, it seeks to pinpoint effective strategies and mechanisms for enhancing work-family reconciliation for fathers. Our findings reveal that alleviating or eradicating the adverse effects on fathers’ careers, coupled with improved dissemination of information concerning available work-family measures, would significantly help fathers in fulfilling their family responsibilities. This research thus offers insights into vital pathways to both diminish challenges and increase prospects for fathers in their pursuit of work-family balance....
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