Change Junctures in the Change Management Process

Change Junctures in the Change Management Process Critical change junctures in the change management process at Spectrum sun-Glass Company Introduction In the simulation undertaken, I am the Director of Product Innovation under the unit handling Research and Development for a company called Spectrum sun-glass Harvard (2012). I am very passionate about sustainability and would be very like the company to offer green products to its clients. At a recent company retreat, I tried sharing the discussion I had had with the Vice President of our biggest retail customer, Bigmart; in which he had intimated that Bigmart was about to require all their suppliers to, go through the Green Certification process. As I proceeded, most of my colleagues were displeased; with the Chief Finance Officer, Paul DArcy and the Vice President for Operations Luke Filer, coming out very strongly, against my proposal. I however received support from the Vice President (VP) of Sales and Marketing, Leslie Harris and Vice President (VP) for Human Resources, Mary Gopinath. As a compromise, the CEO appointed me as the head of a team from the different departments to develop a plan that is acceptable to all. As I lacked any formal authority, I had to rely on my personal credibility which was quite high at this point. 2.0 Section 1: 1st decision: Hosting a town-hall meeting in week 25 and the reasoning behind. To start with, I undertook a range of decisions to raise my personal credibility and increase awareness. For instance, in week 0-24, I had private interviews with colleagues (particularly those opposed to the initiative), I received support from a consultant, and I received the CEOs support, to mention but a few. However, the decision that most advanced my change management process, was the town hall meeting that I held in week 25. This town hall meeting alone moved the following individuals from the awareness to the trial stage: Andrew Chen, Walt James, Bob Ingram, Yao Li, Mark Robert, Anne Thompson, Louise Crysh and Dianne Mcnatt. The reasoning behind this decision was informed by Robert Ciadini as quoted in Cliffe, S (2013) who says that ; if one intends to persuade people, one needs to appeal to six human responses namely; people will follow through with commitments that they have made publicly, people will do things that they see people similar to them do, when people are uncert ain about certain things, they tend to look towards experts and other possible sources of information, people are more likely to accept proposals from someone that they like, people tend to respond positively to people who have helped them in the past and people value things whose supply is limited. The town hall meeting was therefore a perfect lever for me to use, as it enabled people to accept my proposal, if other people in the group were to accept. Secondly, it enabled colleagues to make a public commitment to my proposed change, than say, in the private interviews. In addition, the town hall meeting was a perfect opportunity for me to share my extensive knowledge on the issue of sustainability and why it is important for our company and future growth. In the face of uncertainty, my colleagues were then more likely to defer to me and agree to my proposal. Looking back, at the levers that I used, I should also have continued with personal interviews, particularly with the key opp onents of my plan. This strategy of co-opting antagonists is well elaborated in Pfeffer, J (2010), as a way of winning over opponents and giving them a stake in the process of change. Personally, this could also have involved making concessions to the CFO and the VP-Operations in private, so that they start to own a part of the plan. 3.0 Section 2: How I would implement the change action above in practice In practice, I would seek to utilize the levers provided in a concurrent fashion. Whereas, in the simulation, I could only hold a town hall meeting, for instance; I would in practice, seek to complement this with a public statement of support from the CEO. I would also look at having the consultants report delivered during the townhall meeting. In addition to these formal avenues for influencing my colleagues, I would seek out opportunities to help out colleagues. In this way, I would create an obligation on their part to reciprocate. This would therefore ensure that when they are called upon to support my proposal, they would feel conflicted, not to support it. Similarly, I would try to make every effort to get myself liked by colleagues, in very casual settings. This liking would them make it more likely, that they would support my proposal. I would focus less on the means, and focus more on the end. That is, I would be extremely flexible with the levers and concentrate more on the goal of having management agree to Spectrum-sun glass making green products. I would also seek to appreciate the arguments of my colleagues, in Finance and operations. To allay their fears about the financial and operational challenges of the new proposal, I would invite their contributions on how these can be addressed. I would be willing to accept these suggestions as it helps me attain my overall goal-albeit with certain changes. In addition to the personal interviews and town halls, I would also look-out and encourage opportunities for my colleagues to air their views and even reservations about my proposal. This would help me to understand the main issues that my opponents value and would then enable me to respond appropriately. 4.0 Section 3: 2nd decision/Juncture: Building a coalition of support in week 43 and the reasoning behind In week 43, I sought to build a coalition of supporters among the staff, as a way of trying to move the organization from the awareness to the movement stage of the change process. Not only did this decision, have no effect on the organization; it also resulted in a loss of my credibility as some staff were not enthusiastic about the idea. In making this decision, my assumption had been that there was then sufficient interest, in my proposal, among the team. In fact, this result (the failure to build a coalition of support) could be explained by the various theories about organizational culture. For example, Chatman, J, Eunyoung Cha, S (2003) posit that organizational culture is very powerful as it energizes and rallies employees around common perceived goals or objectives. The lack of interest by the employees of Spectrum sun-glass in joining a coalition of support could therefore be partially explained by the culture of the organization. This view is supported by, Goffee, R, Jone s, G (1996) who explains that organizations can be grouped on the basis of their cultures, as follows: Networked Organizations-in which there is a lot of informality, cliques and limited commitment to company goals, Mercenary Organizations,-in which decisions are made by top management and enforced swiftly throughout the organization, Fragmented organizations-in which there is limited solidarity and collaboration across departments and communal organizations, in which there is a lot of socializing at work and solidarity. Based on the above metric, I would classify Spectrum sun-glass as a Fragmented company where there is limited solidarity and collaboration across departments. Alternatively; and as explained by Prof Tim Morris in his lecture on leading through culture; company cultures can be assessed on five dimensions, namely; whether it has a single or multiple cultures, whether decision making is low or high consensus, whether there is an internal or client focus, whether the pe rformance orientation is high or low and whether there is internal cooperation or competition. Based on the above criteria; I would rate Spectrum sun-glass as having a single culture, high consensus decision making, client focus, a high performance orientation and internal competition. With the above information and in retrospect; I should not have sought to create a coalition in such an organizational culture, at the time I did. Instead, I should have concentrated on enabling change through consolidating and relying on my personal credibility, communicating my proposal and making the necessary emotional connection and training. 5.0 How I would implement the change action above in practice In practice, I would start by analyzing the existing organizational culture. I would then craft a very convincing slogan to motivate my colleagues to adopt my approach. For instance, Go Green, More Profits, and More Pay. To further promote interest in my proposal, I would create a sense of urgency, by making the slogan action oriented, Goffee, et al, (1996). As this is a fragmented and mercenary organization, I would also try to organize dialogues on my proposal in informal settings; like lunch, parties and so on. As these parties are enjoyable for those who attend, this tends to increase my likability and the social dynamic within the group. It would also be critical for me to create a place of psychological safety to ask questions about my proposal, to receive honest feedback, to discuss any reservations and errors of approach openly. In this way, I would reinforce the solidarity of the group and its ability to socialize Chatman, et al (2003). 6.0 Conclusion In the end, I was able through the use of the various levers to have eighteen adopters by week 56. This translated into a change efficiency ratio of 0.32, which is high. My change leadership skills (the mishaps, notwithstanding) ensured that I was able to convince a critical mass of managers to adopt the initiative on sustainability. This significantly improved the financial prospects of the company and my professional prospects. Bibliography Chatman, J, Eunyoung Cha, S 2003, Leading by Leveraging Culture, California Management Review, 45, 4, pp. 20-34, Business Source Complete, EBSCOhost, viewed 17 January 2017. Cliffe, S 2013, The Uses (and Abuses) of Influence, Harvard Business Review, 91, 7/8, pp. 76-81, Business Source Complete, EBSCOhost, viewed 17 January 2017. Goffee, R, Jones, G 1996, What Holds the Modern Company Together?, Harvard Business Review, 74, 6, pp. 133-148, Business Source Complete, EBSCOhost, viewed 17 January 2017 Harvard (2012) Change management simulation: Power and influence. Available at: http://forio.com/simulate/harvard/change-management/simulation/index.html#introduction (Accessed: 17 January 2017). Pfeffer, J 2010, Power Play, Harvard Business Review, 88, 7/8, pp. 84-92, Business Source Complete, EBSCOhost, viewed 17 January 2017 Tim Morris (2016) Lecture Slide on Leading through Culture, Available at: https://weblearn.ox.ac.uk/access/content/group/1ed98592-bb15-4079-ad29 b1e4e73be816/Document%20Library/Lecture%20Slides/LF16%2010.1%20Organisational%20Culture.pdf (Accessed: 18 January 2017).

Age Of Discovery Essay -- essays research papers

What were the Effects of the Age of Discovery?   Ã‚  Ã‚  Ã‚  Ã‚  The Age of Exploration was a time of struggle and wealth for many European countries. The pursuit of a trade route to the Far East led many countries across the ocean, looking for the great spice cities that were rumored by Marco Polo. These countries knew that whoever found the shortest or best route would become rich, very quickly. Explorers from many European countries embarked on journeys that not even they had any clue where they were going. This search for the Far East led to many discoveries that would otherwise have never been found.   Ã‚  Ã‚  Ã‚  Ã‚  Christopher Columbus may have been one of the most influential people ever to live. His pursuit of the spice trade routes led him to a completely new continent. While he first thought it was Asia, later explorers found it to be a new continent. It was very likely that someone other than Columbus would have eventually found the New World, but he was the first, which makes him the most important.   Ã‚  Ã‚  Ã‚  Ã‚  The New World proved to be a blockbuster as far as the other “finds'; during this time period. The impact, both directly and indirectly on the lives of the Europeans was tremendous. It promoted wealth and it led to a desire for more explorers. The competition of the countries was amazing. There was always a race to see who would start the first colony, who would explore the continent, and of course wh...

Macroeconomic Analysis: Russia

Since the financial crisis in 1998, Russia has been experiencing impressive economic growth due to the collaboration of monetary and fiscal policies that stabilized the performance of major economic indicators up to this day. Many economists regard the impressive performance of Russia as part increase of the volume of investment in the said country. On the other hand, some says that the notable growth of Russia should be attributed to the increase of oil prices in the international market (Traveldocs.com 2008: 1). Despite of the various claims on what really was the foundation of Russia’s economic stability for the past nine years, it would be better to examine first what are the performances of some major economic indicators like GDP Growth, Balance of Trade, Inflation Rate, Unemployment Rate and Interest Rate of the said country for the past four years. GDP Growth Rate In 2004, Russia experienced 7.76 percent growth on their GDP from 1.4 billion USD of 2003 to approximately 1.5 billion USD of 2004 (Alcarastore.com 2008: 1). This increase in the GDP growth rate was triggered by the improvement of consumer demand from 2003 to 2004. On the other hand, by the end of 2005, Russia experienced sluggish improvement on the growth of GDP from 7.76 to 6.93 percent primarily due to the instability happened on the investment component of the economy caused by unclear limit and conditions non foreign investment, obsolete infrastructure as well as delayed economic reforms of the government. But in general sense, the GDP of Russia still increased by around 150 million USD. By 2006, Russia once again performed robust increase on their GDP growth rate from 6.93 to 7.8 percent as the economy starts to recover from the adverse effects of unstable investment climate caused by delayed fiscal policies. Last 2007, the Russian GDP already reached its 2 billion USD level which caused their GDP growth rate to achieved 8.3 percent growth level as the investors and consumption continues to improve in the domestic market of Russia. Trade Balance Another major economic indicator of Russia’s economic performance would be the Trade Balance. For the past four years, the trade balance of Russia has been performing remarkable as this economic indicator continues to increase from 2004 to 2007 due to the strong consumer demand and fixed capital formation growth of the Russian economy. In 2004, the trade balance of Russia reached around 85.8 billion USD as the consequence of the increase of their non-oil exports by the end of 2003. The improvement of non-oil exports of Russia continued to positively influence the trade balance of the said country for the succeeding years like in 2005, the trade balance increased by 23 billion USD while it increased by 22 billion in 2006 (The Federal State Statistics Office Service 2007: 1). Though there was a slight growth in the trade balance of Russia during 2007 due to the significant excess of growth rates of import above the growth rates of exports. Nonetheless, the Russian economists is still optimistic regarding the performance of the trade balance of the Russian economy this year as their monetary and fiscal policies starts to combat the said issue on trade balance. Inflation Rate Prices of goods in Russia has been experiencing sluggish growth rate since 2003 as the result of the fiscal policies of the Russian government despite of the fact that they also have to lower down their unemployment rate. Theoretically, if unemployment rate decreases, inflation is being expected to increase based from the Philips Curve, but with the fiscal policies of the Russian government such as the bilateral market access agreement with the United States as a prelude to their possible entry to WTO, prices of domestic goods starts to decrease thereby creating a force for the inflation rate to decline since 2003 (Indexmundi.com 2007a: 1). In 2004, the inflation rate was equivalent to 13.7 percent while it reached 11.5 percent in 2005 (Indexmundi.com 2007c: 1). Though it increased again to 12.7 percent in 2006, inflation rate still managed to continue its good performance in 2007 by reaching 9.8 percent as the policies on regional monopolies and trade regulation of the Russian government starts to work on their economic system to stabilize the domestic prices of goods and services (Russiatoday.ru 2007: 1). Unemployment Rate As the number of job opportunities in Russia continues to increase for the past years plus the effort of the Russian government to attract more foreign investors to their economy, unemployment rate starts to decline since 2004 with 8.5 percent unemployment rate. By the start of 2005, the Russian government already felt the positive impact of their rigorous action to provide more job opportunities to the Russian labor pool which resulted to the further deterioration of unemployment rate from 8.5 percent of 2004 to 8.3 percent of 2005 and then from 7.6 percent in 2006 to 6.6 percent of 2007 (Indexmundi.com 2007b: 1). This only means that the Russian government has been successful for the past four years in combating the unemployment rate of their country which could further contribute to their impressive economic growth in the next coming years. Interest Rates One of the most concerns of foreign investors, interest rate on borrowing in Russia exhibits good investment condition as it continues to decreases annually due to the stable financial sector of Russia for the past years after the financial crisis in 1998. The loan rate or the interest rate on borrowing on Russia in 2004 was equal to 11.4 percent and decreased to 10.7 percent by 2005 as the Russian government started to implement economic reforms on their financial institutions in order to make their economy more attractive to foreign investors. As a result, with the stable financial sector and fiscal policies to attract more foreign investors, interest rate on borrowing continues to decline from 10.4 percent in 2006 to 10 percent in 2007 with accordance to Ordinance No. 1660 dated in February 17, 2006 (The Central Bank of the Russian Federation 2005: 1). Economic Strengths and Weaknesses Based from the given performance of Russia’s major economic indicators, it is clear that the business environment in Russia is very much attractive and provides a better outlook in the next couple of years. Like for instance, the impressive growth of their GDP, it only signifies how active is the domestic consumption and investment level in the Russian economy and gives the investors a bird’s eye view of the possible return to investment that the Russian economy could give to them. Moreover, despite of the fact that there were some periods wherein the Russian economy performs badly, but the point is, with the proper action of the Russian government, almost all of the economic problems was resolved and put the market back into its equilibrium condition. Another example of the strengths of the Russian economy would be the cheap borrowing in Russia as their interest rate on borrowing continues to declines for the past years in order to attract more foreign investors to their economy. This would provide further improvements on the investment sector of the Russian economy plus the possibility of increase in the number of job opportunities for the Russian labor pool. As a result, economic activity in Russia is expected to boost alongside with the improvement in the investment and labor sector of the economy. Most of the time, investors prefer countries that can offer cheaper loans in order to finance their business expansion especially those multinational companies that aggressively finds more countries which could give them competitive advantage either in a form of cheaper labor, loans, technologies, favorable government subsidies and other factors of production to name a few. Furthermore, the effort of the Russian government to become less dependent on their oil exports in order to attain impressive economic growth by increasing the volume of their non-oil exports goods and services. This would provide an avenue towards the attainment of sustainable growth on their trade balance. The fact that the Russian oil exports already provides large chunk on the total GDP of the country plus the improvement on the volume of their non-oil exports reflects the increasing trend of their trade balance for the past years. Maybe this is one of the results of attracting more foreign investors in Russia which establishes manufacturing plants in Russia and then export the finished products to the international markets. The last but not the least strength of the Russian economy would be the increase in the number of job opportunities for their labor sector. This provides enough room for the Russian consumers to have more disposable income which reflects to the increasing domestic consumption of their consumers in the recent years. As a result of the increase in disposable income of the consumers, domestic investment becomes more profitable thereby attracting domestic investors to establish or expand their business. At the end of the day, both the foreign and domestic investors in Russia works hand in hand in order to utilize the Russian labor sector; while on the other hand, it also provides an avenue towards the improvement per capita income of the Russians. One of the major weaknesses of the Russian economy would be the dependence on the foreign direct investments which could cause major damages on their economic stability once the financial sector in Russia becomes unsuitable to foreign investment. What the Russian government should do is to intensify their domestic investments in order to provide enough room for their domestic investors to utilize the improvement made the foreign investors on the economic environment in Russia through rapid expansion and regulation of regional monopolies in order for other domestic investors to enter various industries. Evaluation of the Government Policy The Ordinance No. 1660 which provides the further decrease of the interest rate on borrowing since 2006 serves to be one of the effective policies of the Russian government in order to make the Russian economy more attractive to foreign investors. Furthermore, this policy only provides an impression to the foreign market how stable the Russian financial sector is since they manage to offer lower interest rates on borrowing to foreign investors. The Russian government is very much confident that they can sustain such policy since they possesses large amount of foreign reserves that can easily be liquidated in case of money shortages in the economy (Ignatiev 2007: 1-2). The bilateral market access agreement with the United States as a prelude to their possible entry to WTO of Russia is also a good policy in further improving the stability of the Russian economy since this provides an avenue towards the attainment of lower inflation rate in the domestic market as cheaper goods from other country starts to enter Russia. At the end of the day, the domestic prices of goods and services in Russian domestic market, especially those from the regional monopolies, would be forced to lower down their prices in order to compete to imported products coming from other countries thereby creating enough room for the inflation rate of Russia to depreciate for the past year. Works Cited Alcarastore.com (2008). Russia GDP PPP and GDP Growth Rates 2003-2007 [online]. Available: http://www.alacrastore.com/country-snapshot/Russia. [Accessed 2 April 2008]. Ignatiev, Sergey (2007). The Macroeconomic Situation and Monetary Policy in Russia [online]. Available: http://www.bis.org/review/r070608d.pdf [Accessed 2 April 2008]. Indexmundi.com (2007a). Russian Economy Profile 2007 [online]. Available: http://www.indexmundi.com/russia/economy_profile.html [Accessed 2 April 2008]. Indexmundi.com (2007b). Russia Unemployment Rate [online]. Available: http://www.indexmundi.com/russia/unemployment_rate.html [Accessed 2 April 2008]. Indexmundi.com (2007c). Russia Inflation Rate (Consumer Prices) [online]. Available: http://www.indexmundi.com/russia/inflation_rate_(consumer_prices).html [Accessed 2 April 2008]. Russiatoday.ru (2007). Russia to miss 2007 inflation target: Economic Minister [online]. Available: http://www.russiatoday.ru/business/news/15319 [Accessed 2 April 2008]. The Central Bank of the Russian Federation (2005). Interest Rates in 2004 [online]. Available: http://www.cbr.ru/eng/statistics/credit_statistics/print.asp?file=interest_rates_04_e.htm [Accessed 2 April 2008]. The Federal State Statistics Office Service (2007). Foreign Trade of the Russian Federation [online]. Available: http://www.gks.ru/free_doc/2007/b07_12/25-02.htm [Accessed 2 April 2008]. Traveldocs.com (2008). Russian Federation: Economy [online]. Available: http://www.traveldocs.com/ru/economy.htm [Accessed 2 April 2008]. Â  

Journey Through My Mind Essays - Epistemology, Afterlife, Belief

Journey Through My Mind Essays - Epistemology, Afterlife, Belief Journey Through My Mind Human beings are very inquisitive creatures by nature. Since the dawn of mankind, the basis for existence has been relentlessly sought. Everyone has differing views and everyone is right according to him or herself. So, what does that mean? Why do people believe the things they do? My Agnostic religion is a very large part of who I am, and that is why I have decided to focus my paper on this aspect of my life. Unlike the majority of the people on this earth (estimated at somewhere around 95% I believe), I do not necessarily believe in God or a higher creature. I was not raised to worship an invisible, omnipotent being and I believe this is the main reason I think the way I do now. I was raised to have a very liberal mind towards everything and I have come to the realization that this is the best way to live. Curiosity has guided my mind through countless hours of contemplation over certain beliefs and flaws in these beliefs. I will be making a few generalizations in this paper. This is wholly for the sake of argument. As a rule, I invite criticism because it gives me more to think about and I will undoubtedly gain insight, which is the ultimate goal. First of all, how can a person decide without doubt that they are right without even understanding all the other ideas. It is my opinion that most people are not educated on all the other hundreds of thousands of differing beliefs on the subject of creation and religion. It seems to me that many people know a great deal about their own religion, but are completely in the dark about anything else. It also occurred to me that many people are simply born into a religion, and never stray from it. How can you make a decision before you know all the facts and all the choices? It is like taking a multiple-choice test, and automatically picking A because it is the first thing you read and it looks right. It doesnt matter what the others choices are, because A has to be right. Obviously there is not much logic to this method, yet it is what happens all the time. If you are born Christian and raised Christian and know about Christian and only Christian then a Christian belief system is comforting to you. Humans like comfort. Humans like to be assured that they are right. They get this assurance from attending church. Observation the second: is there one Absolute Truth? Many people argue that the afterlife is different for everyone, and therefore, everyone can be right. Is this conceivable? So, does that mean I can believe whatever I want about the afterlife and that will come true? I am eliminating this possibility for, to me it is merely the easy way out, therefore there can only be one other option; that there IS only one Absolute Truth. In that case, that must mean someone is right. Wait, no it doesnt! One religion could be the right one, but not necessarily. Maybe no one has actually stumbled upon the real truth yetthis is a possibility. Either way, in either of those cases, it means there are literally billions of people who are dedicating their entire lives to a belief that, for all intents and purposes, is completely false. Thats discouraging. Does this mean they are all destined for an afterlife of damnation in hell? According to many religions, that is true. Thats even more discouraging. Alarming observation number three: How can someone stick so ardently to something that they were merely by chance born into, when there are so many other possibilities and such a high chance of being wrong? Does everyone just happen to be lucky and have been born into the right religion? Apparently. History has already proven that masses of people can be wrong. I will revert to that good old example of the flat earth idea. Of course the world isnt flat. We know that now because we have the scientific capabilities of determining that its not. Hundreds of years ago, when this flat earth idea was born, they

How to Convert Grams to Moles - Step by Step Instructions

How to Convert Grams to Moles - Step by Step Instructions Many chemical calculations require the number of moles of a material, but how do you measure a mole? One common way is to measure the mass in grams and convert to moles. Converting grams to moles is easy with these few steps. The Process Determine the molecular formula of the molecule.Use the periodic table to determine the atomic mass of each element in the molecule.Multiply each elements atomic mass by the number of atoms of that element in the molecule. This number is represented by the subscript next to the element symbol in the molecular formula.Add these values together for each different atom in the molecule. This will give you the molecular mass of the molecule. This is equal to the number of grams in one mole of the substance.Divide the number of grams of the substance by the molecular mass. The answer will be the number of moles of the compound. See an example of converting grams to moles.

Smoking Tobacco Essay Example | Topics and Well Written Essays - 500 words - 2

Smoking Tobacco - Essay Example In view of distributed data from 2005, more than 14 percent of the mature person populace in the UAE utilizes tobacco. The majority of the smokers are guys. Generally, smoking is basic around junior mature people. Something like 25 percent of scrutinized understudies was accounted for to have attempted tobacco, before the age of 10. Rolling a cigarette in the UAE is not famous and it is for the most part specialists who are said to move smoke. To be sure, the country has a long history of channel smoking. Two sorts of channels are mainstream in United Arab Emirates- the little and the enormous channel known as medwakh and shisha, separately. The recent is not generally utilized at home yet is rather utilized at bistros and restaurants for entertainment. Simply recently, purchasers have been in a position to request shisha to use at home, despite the fact that this has not been the accepted way of utilizing it. Smoking shisha has been prevalent and individuals dont see it as smoking, the motivation behind why it is adequate socially actually for ladies to utilize it though smoking cigarettes is taken as not a good fit for ladies. In view of a study completed in 2005 of utilization of tobacco around college people in UAE, 9.4 percent of the learners smoked smokes and 5.6 percent utilized a water pipe. Regardless of the fact that ladies made up 8.9 percent of smoke smokers, they embodied 26.2 of the individuals who smoked water pipe. The key players for smoking tobacco have been Kamberjaffer with 23 percent took after by AFCO and Royal Theodorus with 28 and 11 percent individually. Premium-esteemed smoke represent majority of the volume of cigarette sales in the state and cigarettes are expanding quicker than the easier quality cigarillos in the nation. The opposition is not on the cost yet the nature of the item every admin attempts to make his or her items to emerge and have a quality equivalent to the cost. Quality occurred in light of

The Yield Curve Kink Decision Essay Example | Topics and Well Written Essays - 750 words

The Yield Curve Kink Decision - Essay Example For example, Tony Boeckh had extensive skills in bank credit and was a skilled economist. On the other hand, James Hymas, who was the president and the chief executive officer, was the portfolio manager while Eric Deckert and Bing Li were the company analysts (Hunger, 2002). Currently the company is managing over $1.7 billion, pension funds. As the company portrayed strong record of accomplishment, it attracted more clients and within 7 years, it gained over $400 million in pension business even though it lost small pension accounts that were worth $10 million in total (Iansiti and Levien, 2004). By the end of September 1997, Greydanus, Broekh and Associates annualized return stood at 13.80% rising above the SCM universe bond index that stood at 13.56% (Steve, 2010). At the same year, the company monthly returns at the end of September stood at 1.97% while the duration was 5.56 as compared to the SCM return and duration which stood at 1.72% and 5.47 respectively. According to the independent pension consultant, GBA investment style includes 20% pure interest rate anticipation while the quantitative value strategies stood at the remaining 80%. Given its effort to make sustainable investment decisions, GBA makes its investment decisions based quantitative as well as computer models. In order for the company to increase its revenue, sometimes it times the market for example in 1994 and 1995. During this time, GBA noted that the market had overshot and the possibility of interest rates declining was high. As a result, the company limited its investment portfolio to avoid losses. In most of the times, the company managed its investment portfolio in a range within 1.5 years of the recognized standard fixed income benchmark unless the customers applied a different benchmark (Steve, 2010). One notable aspect to note for GBA is that it invested entirely in government bonds, and a strategy the company adopted in ensuring the maximum earnings of