Leadership and innovation Essay Example | Topics and Well Written Essays - 1000 words

Leadership and innovation - Essay Example This was supposed to be the case in innovation system that my group was supposed to come up with and present to hospitals (Northouse, 2012). However, team work does not always work out as one would like it to be and with this, there is bound to be friction between the members of the team. Furthermore, there is the possibility that, despite the urgency of the task, there is always bound to be the one person that would be considered as dead weight to the team. The aim of this paper is to act as a reflective diary to analyze the strengths and weaknesses of team work and the best way to deal with conflict in a team. To effectively analyze the strengths and weaknesses of team working and conflict management, I visited various hospitals, and this visit was part of an innovation trip that was supposed to be carried out as a team to make sure that the findings that were collected were to be compiled and presented to the different team members. However, this was not the case. When the team members met for the first day, there was a lot of friction between my team members due to the fact that some of the team members did not exhibit any of their findings or an interest in the task because they had not done anything. The fact that there were different people who had carried out the task at hand and others had not, caused tempers to flare and soon one team member was gunning for the others head. However, the point that arose was that there were different viewpoints on the same topic. This gave me as a leader whose team comprised of people of multidisciplinary backgrounds an opportunity to lead diverse people, and this was proving to be a problem in the long run. In a bid to curb the ensuing anger and conflict among the team member, I opted that the team members that had a background in nursing help those who were not as familiar with the topic. This put a spanner into the progress that the team was supposed to

Managing financial resources and decisions Essay - 1

Managing financial resources and decisions - Essay Example We also need to determine the implications and related advantages and disadvantages of the sources of finance. Apart from this, Mrs. Jessica Bell wants to purchase a property of 350000 pounds for the business purpose and for this she is considering a long term loan for 12 years and a mortgage of 25 years. She has 70000 pounds for initial deposit for the property. Now we need to calculate and analyze that which one will better option for her for buying the property. Apart from this she needs to understand the meaning and importance of financial planning and the information that are needed about a business by the investors and shareholders. We also need to describe the different types of budgets and the importance of budget analysis in decision making process. we will also analyze the financial statements of a profit making organisation. Venture capital funds support growing firms during their inception stages and before they are going for initial public offerings of shares. Firm will get venture capital as a form of equity capital. It represents a highly risky investment in the hope of earning higher return in future. It typically invests into equity or quasi equity instruments in financial market which will be able to share the risk and profit of the investee firm. Venture capitalist not only invests in the new company but also guides the firm actively in taking major decisions. Financial burden of the assisted firm tends to be low. Venture capitalist normally close it position by liquidating the investment from the assisted firm after 7 years. (Chandra, 2011, p.436). Personal or commercial loans from banks and financial institutions are one of the most popular forms of financing. It includes long term and short term loans. Long term loans are useful to finance fixed assets and large expenses like buildings, property and machinery. Short term loans are having duration of one year or less. These are