Theory questions in operations management

Philosophy in a New Key: A Study in the Symbolism of Reason, Rite, and Art, Harvard Press, "In philosophy this disposition of problems is the most important thing that a school, a movement, or an age contributes. This is the "genius" of a great philosophy; in its light, systems arise and rule and die. Therefore a philosophy is characterized more by the formulation of its problems than by its solution of them.

Theory questions in operations management

Trait Theory of Leadership Trait Theory of Leadership The trait model of leadership is based on the characteristics of many leaders - both successful and unsuccessful - and is used to predict leadership effectiveness. The resulting lists of traits are then compared to those of potential leaders to assess their likelihood of success or failure.

Scholars taking the trait approach attempted to identify physiological appearance, height, and weightdemographic age, education and socioeconomic backgroundpersonality, self-confidence, and aggressivenessintellective intelligence, decisiveness, judgment, and knowledgetask-related achievement drive, initiative, and persistenceand social characteristics sociability and cooperativeness with leader emergence and leader effectiveness.

Successful leaders definitely have interests, abilities, and personality traits that are different from those of the less effective leaders. Through many researches conducted in the last three decades of the 20th century, a set of core traits of successful leaders have been identified.

These traits are not responsible solely to identify whether a person will be a successful leader or not, but they are essentially seen as preconditions that endow people with leadership potential.

Among the core traits identified are: High level of effort, high levels of ambition, energy and initiative Leadership motivation: Capable of exercising good judgment, strong analytical abilities, and conceptually skilled Knowledge of business: Knowledge of industry and other technical matters Emotional Maturity: It is valid as lot of research has validated the foundation and basis of the theory.

It serves as a yardstick against which the leadership traits of an individual can be assessed. It gives a detailed knowledge and understanding of the leader element in the leadership process. More than different traits of successful leaders in various leadership positions have been identified.

These descriptions are simply generalities. There is also a disagreement over which traits are the most important for an effective leader The model attempts to relate physical traits such as, height and weight, to effective leadership.

Most of these factors relate to situational factors. For example, a minimum weight and height might be necessary to perform the tasks efficiently in a military leadership position. In business organizations, these are not the requirements to be an effective leader.

The theory is very complex Implications of Trait Theory The trait theory gives constructive information about leadership.

It can be applied by people at all levels in all types of organizations.

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Managers can utilize the information from the theory to evaluate their position in the organization and to assess how their position can be made stronger in the organization.

They can get an in-depth understanding of their identity and the way they will affect others in the organization. This theory makes the manager aware of their strengths and weaknesses and thus they get an understanding of how they can develop their leadership qualities. Conclusion The traits approach gives rise to questions: However, these are not mutually exclusive alternatives.

Leadership may be something of an art; it still requires the application of special skills and techniques.

Theory questions in operations management

Even if there are certain inborn qualities that make one a good leader, these natural talents need encouragement and development.

A person is not born with self-confidence. Self-confidence is developed, honesty and integrity are a matter of personal choice, motivation to lead comes from within the individual, and the knowledge of business can be acquired.

Online Logistics Degree | BS Operations Management | SNHU

While cognitive ability has its origin partly in genes, it still needs to be developed. None of these ingredients are acquired overnight.Introduction. One of the most important tasks during strategy making is the management of the interface between the many (often competing) demands of an organization’s different stakeholders in relation to its strategic goals.

In military theory, strategy is "the utilization during both peace and war, of all of the nation's forces, through large scale, long-range planning and development, to ensure security and victory" (Random House Dictionary).The father of Western modern strategic study, Carl von Clausewitz, defined military strategy as "the employment of battles to .

JWBKFM JWBKBarlow March 18, Char Count= 0 Excel Models for Business and Operations Management Second Edition John F. Barlow iii. Introduction. One of the most important tasks during strategy making is the management of the interface between the many (often competing) demands of an organization’s different stakeholders in .

Alpha Theory corrects any breakdowns in the decision process of a money manager by identifying the optimal economic decision based on a firm's fundamental research including risk-adjusted return. By fixing these breakdowns a firm can ensure that their best ideas are always their largest positions and that each position generates the maximum amount of alpha for the portfolio.

Total Quality Management Total Quality Management (TQ, QM or TQM) and Six Sigma (6) are sweeping “culture change” efforts to position a company for .

Trait Theory of Leadership