Ethics And Its Impact On The Modern World - 964 Words

In admission, the contemporary society’s complication often increases the necessity for forms of leadership can be described as ‘ethical’ (Ciulla, 2004). Indeed, this is because of the fact that there has been an increase in the aspects of immorality in different areas of leadership, which leaders are supposed to consider in decision making processes (Alahmad, 2010). However, there are still issues in this perspective, especially in regards to the enhanced understanding of the concept of ethical leadership. Innately, the lack of proper comprehension of the idea of headship morality has been evidenced in many instances of unethical practices by managers of different institutions. Accordingly, there is an inherent suggestion that the problem with leadership these days is a deficiency in ethics. Theoretical Framework In theory, the complexity of modern leadership entails the fact that ethics impact all aspects of leadership in the modern world (Ciulla, 2004, and Mihelic, et al., 2010). As such, leaders have been forced to develop both personal and professional ethics that should be adhered to during decision-making procedures to enable them run their organizations and units that they manage in an ethical manner (Ciulla, 2004, and Mihelic, et al., 2010). In this way, they will be able to not only provide directions act towards ethical practices but will also help themselves and their subordinates get adequate space and time for inventive development as well as adjustments forShow MoreRelatedAristotles Impact on Current Society812 Words   |  4 PagesAristotle’s Impact on Current Society _NAME___ HUM 360 B1 Wilmington University Aristotle was one of the most important western philosophers. He was a student of Plato and the teacher of Alexander the Great. He wrote on many subjects, including physics, metaphysics, poetry, theater, music, logic, rhetoric, politics, government, ethics, biology, and zoology. I found that his biggest impacts on modern society were in the subject areas of ethics, and zoology. Aristotle wrote the firstRead MoreAdvertising : The Positive Impact Of Ethical Advertising1000 Words   |  4 Pages In the modern day society, advertisements have huge influence everywhere, especially those through the media. Advertising through the media is pervasive and powerful in shaping up attitudes and behaviors in the contemporary world. Advertisement does have profound impact on peoples understanding of life, the world and themselves, particularly regarding values and choices in life. Today, there is increasing literature focusing on ethical and moral issues that advertisement can and does actually raiseRead MoreHow Traditional MÄ ori Ethics and Values Have Been Applied in Contemporary MÄ ori Land Development1400 Words   |  6 PagesHow Traditional MÄ ori Ethics and Values Have Been Applied in Contemporary MÄ ori Land Development TihÄ“ mauriora The breath, the energy of life Ki te whaiao, ki Te Ao MÄ rama To the dawnlight, to the world of light My understanding of the question is that I am to demonstrate my view of MÄ tauranga, (traditional MÄ ori knowledge) and Kaupapa MÄ ori (traditional MÄ ori ethics and values) and how they are incorporated into today’s world. I will be relating my interpretation specifically to sustainableRead MoreWeber vs. Marx1332 Words   |  6 Pagesreflections of the economic base. (The Protestant Ethic and The Spirit of Capitalism (1904-5) Weber agrees that the economy is one of the most faithful forces in modern life. However there are other social and legal factors which exhibit power and thus influence society. These factors help define bureaucratic society or Webers concept of modern society which operates through the rational administration of labor. According to Weber, the condition of modern society is disenchantment, which, through rationalizationRead MoreThe Impact Of Information Technology On Society And Legal Requisites1148 Words   |  5 Pagesdoing this, tutorials an d lectures provided framework of ethical thinking. This essay will reflect on how exploration of this subject framework has helped my insight into the practical application of ethic knowledge. As discussed in first lecture I learnt how information technology rise, code of ethics and code of conduct, effects of Information Technology on society and legal requisites by attending lectures and tutorials. Throughout the semester I got great tutor who has doctorate this subject, sheRead MoreThe Moral Principles Of Ethics1352 Words   |  6 PagesEthics is one of the oldest and most influential human behavior. Ethics governs the self’s moral principle and values and even religious views. The source of moral and ethical views is a critical question in the study of Contemporary sociological theory. Philosophers has studied and attempted to answer how and where the self’s moral principle generated from. Ethics has been one of the strongest foundation of social structure. Many society developed and structured their moral principle based on reasonRead MoreKarl Marx And Max Weber1332 Words   |  6 PagesTwo sociologists and philosophers have discussed their views on religion and its impact on society. Most of the Sociologist of that time wrote about the role of religion in society, Karl Marx and Max Weber observations are particularly relevant for our course. Religion is one of the principle social ideologies that impacts social stability and modification. This paper will compare and contrast their views on the impact of religion upon society. Karl Marx (1818-1883) and Max Weber (1864-1920) bothRead MoreAncient Greek Philosophers Who Have Helped Shape The World1350 Words   |  6 Pageshave helped shape the world back then may not be here with us today, but they are still very much alive in the teachings we are being taught today and living through day by day. Around twenty centuries ago, Greek philosopher Aristotle laid out the foundations of Western culture. The principles of Greek philosophy implemented its way into encompassing a persons point of view or their knowledge on society. Aristotle has helped improve and transmuted the world by his views on ethics and virtues he hasRead MoreThe Shape of Practical Theology638 Words   |  3 Pagesconsiders a new approach to modern Christianity. Anderson believes that the modern church is plagued by a significant divide between theology and practical Christianity. Many churches approach these two aspects of religion as if they are separate, rather the practical sides of Chris tianity lacking. Therefore, Andersons goal in the book is to relate modern practical Christianity directly to theology. He uses theology to tackle some of the major social issues that impact on modern practicing ChristiansRead MoreEuthanasia: Murder or Mercy? Essay1665 Words   |  7 Pages Our modern day society has been recurrently challenged on many topics that have been deemed as â€Å"moralistically impacting.† It is accepted today that a problem cannot be solved in modern day society unless adequate proof is offered to manipulate the stalwart beliefs of many individuals in a way as to reach an impasse amongst two opposing parties. Euthanasia happens to be a topic that has been debated extensively for the larger part of the twenty-first century (Larue). Even the definition of euthanasia

Essay on Early Civilizations - 522 Words

Early Civilizations nbsp;nbsp;nbsp;nbsp;nbsp;From 3000 BC to 1500 BC four civilizations arose that historians to this day marvel at, the Egyptians, the Sumerians, the Indus River Valley people, and the Shang dynasty in China. They all had great accomplishments in government, and religion and inventions. While they had their own different civilizations many similarities arise, such as depending on the river and their polytheistic religions. They had very isolated civilizations with the exception of the Sumerians. The geography, religion, and their governments all contributed to their success as a civilization. nbsp;nbsp;nbsp;nbsp;nbsp;The Egyptians were situated in northern Africa around the Nile. The Mediterranean Sea,†¦show more content†¦Sumerians also had a polytheistic religion, and like the Egyptians each region or city-state worship a local god primarily. They pictured their gods as having little regard for human life. The Sumerians did not believe in an afterlife. The Shang dynasty’s religion is rather different compared to the others Shang Ti was a god that ruled over lesser gods. They also believed that ancestors were able to go between through gods and people. Also Oracle Bones were used to tell the future. Lastly, The IRVC was also polytheistic religion they revered bulls and some trees, and held them as sacred. nbsp;nbsp;nbsp;nbsp;nbsp;The governments of these four civilizations were rather different with kings, pharaohs, and nobles. In Egypt a pharaoh had god’s blood and was an absolute monarch. In Sumeria had twelve city-states that were very populated somewhere from 20,000 to 250,000 people in each. Each city-state was governed independently and had their own kings. The king was a military leader, and a priest, making Sumeria a theocracy. The IRVC had a centralized government, which is indicated, by very intricately planned cities. Priest-kings were the leaders of the land. The Shang dynasty had kings that ruled over nobles who ruled over providences. nbsp;nbsp;nbsp;nbsp;nbsp;All four civilizations were different but significantly similarly in the senseShow MoreRelatedEarly Civilizations : Ancient Civilizations830 Words   |  4 Pages18, 2015 Early Civilization All civilizations, whether old or new, strive for advancement. In order to advance, certain techniques and characteristics have to be combined and manipulated to achieve this progression. â€Å"A civilization is a complex culture in which large numbers of human beings share a variety of common elements.† Examples of these early civilizations that used similar characteristics to flourish were the Sumerians in Mesopotamia and the Egyptians in Egypt. A civilization is formedRead MoreThe Mysteries Of Early Civilizations1030 Words   |  5 Pages Uncovering the mysteries of early civilizations is a task not many scientists have successfully and accurately attempted. Jared Diamond’s main focus of his Pulitzer Prize winning book/documentary Guns, Germs, and Steel is the claim that the 3 biggest mysteries of civilization depended mostly on accidental agriculture. This has been met with controversy because Diamond rarely includes other factors such as guns, steel, and actual Eurasian history. But is Guns, Germs, and Steel accurate and entertainingRead MoreCharacteristics Of The Early Civilizations Of Mesopotamia1042 Words   |  5 Pagescharacteristics shown in the early civilizations of Mesopotamia are still evident in today’s world because without these basic standards set by the people of Mesopotamia, civilization could never have grown or had a reference point for the basic building blocks of society. Mesopotamia was able to grow through the development of technology, trade, stable political and military system s, and a class system that contributed to society . Mesopotamia’s way of life influenced many other civilizations such as the onesRead MoreSexism in Early Civilizations Essays733 Words   |  3 PagesEven in the first civilizations sexsim was very prevalent, women were not included in democracy, they were not allowed to vote, and in some earlier civilizations women were not even allowed to have a job or go outside the home. Even as a 16 year old girl in America, the supposed land of dreams, I see sexism everyday. I see it when I watch the news, I see it when I’m walking down the halls at my school, I even see it when I read novels and articles or watch a movie online. Over 60% of serious journalismRead MoreThe Significance of Agriculture in Early Human Civilization1500 Words   |  6 PagesThe Significance of Agriculture in Early Human Civilization Over the course of human evolution, there has been no greater single development with as profound and far reaching effects as that of the development of agriculture. Sustainable agriculture drove human civilization from a hunter-gatherer society to the settled and centralized society we know today. The advent of modern agriculture techniques enabled early man to settle in one area and develop their own food and raw material needed forRead MoreGeography and Early Civilizations Essay917 Words   |  4 PagesGeography and Early Civilizations Geography had a tremendous impact on early civilizations, the topography of the different regions played a key role in their development and formation. This statement by Fernand Braudel â€Å" Geography is the stage in which humanity’s endless dramas are played out† (Getz et al., Exchanges, 26) is a very moving and telling description. The terrain, whether it is natural or man made is not the end all, be all. It does however affect the stage a great deal. MountainousRead MoreComparing Religious And Political Authority Of Early Civilizations1352 Words   |  6 PagesComparing Religious and Political Authority of Early Civilizations Civilization can be defined along lines of a sophisticated state of human society, whereby a high level of culture and science, as well as industry and government has been attained. This paper compares civilization in the line of authority, both in religious and political spheres among the three groups; Mesopotamia, Nile in Egypt and Indus Valley (Mahenjodaro and Harrapa) in India. Mesopotamia Political organization The name MesopotamiaRead MoreEssay on Analyzing Early Mesopotamian Civilization1092 Words   |  5 Pagesanalyzing ancient civilization and how it began, there are many elements and aspects that should be considered. Questions such as how did civilization begin? What lead to its creation? Where did it begin, and why in that particular location? Many of these questions can be examined and answered by researching what many believe is the world’s earliest civilization, Mesopotamia. It is widely believed that this region was chosen and supported one of the world’s first civilizations. This area wasRead MoreThe Influence of Geography and the Environment On the Development of Early Civilization 790 Words   |  4 Pagesnearly every civilization. For example, rivers bring water and allow for agricultural development, while mountains or deserts provide for protection and create a barrier. Many things, such as the aforementioned deserts and mountains, can offer both posi tive and negative influences on the society in question. The climate and amount of rainfall is directly related to the success or failure of crop growing, and thus related to the amount of time spent on simply surviving. Civilizations that are ableRead MoreEarly Civilizations and the Dawn of the Medieval Age Essay3703 Words   |  15 PagesEarly Civilizations and the Dawn of the Medieval Age History is an account of mans achievements during the last five thousand years. Though man has been on this planet for about 500,000 years, history only covers a part of this period. The reason for this is that history is essentially based on written documents However the art of writing become known to man, only after 3000 B. C. 1.1 History : Meaning and Importance The word history is derived from the Greek noun historia meaning inquiry

Competency, Alliance Building, and Character Free Essays

â€Å"Competency† is technically defined as â€Å"the behaviors that employees must possess or must obtain to input into a situation to be able to complete high levels of performance† (Le Deist et. al., 2005). We will write a custom essay sample on Competency, Alliance Building, and Character or any similar topic only for you Order Now â€Å"Alliance Building†, on the other hand, is technically defined as â€Å"the ability to work with other members of the workforce† (Competency.., n.d.). Explaining further, an employee should be able to: 1) exhibit capabilities within the group; 2) respect or value other co-employees or co-workers in spite of cultural and individual differences; 3) assume multiplicity of tasks and functions while working with other people; 4) listen, contribute ideas, show inventiveness, acknowledge other peoples’ inputs/involvement/contribution; 5) identify and describe group responsibilities; 6) accept constructive criticisms; 7) distinguish conflict; 8) utilize â€Å"conflict management skills† including: identification of conflict, knowing the issues, taking into consideration other employees’ points of view, thinking of solutions, brainstorming the results, explaining the resolution process appropriate to the job, justification of the option selected, application of the choice picked, as well as, reflecting on the result/effect; 9) etc (Competency.., n.d.). â€Å"Character†, however, technically refers to â€Å"the positive characteristics that an employee should possess to be able to carry out his or her task and functions excellently† (Competency.., n.d.). These positive characteristics include the following: 1) confidence; 2) willingness to accept responsibilities; 3) capability of working realistically; 4) ability to develop great beliefs consequently reflecting an excellent character; 5) capacity to relate with other employees who â€Å"show signs of character†; 6) honesty; 7) tolerance; 8) wisdom; 9) â€Å"selfless service†; 10) hardworking; 11) concerned with others and not just himself or herself (Tartaglia, 1999). â€Å"Competency†, â€Å"alliance building†, as well as, â€Å"character† contribute largely to success (Tartaglia, 1999). All the aforementioned are needed in order for a person to succeed in any given endeavor (Tartaglia, 1999). Let us take for instance, in the workplace, specifically in a restaurant, an employee should possess competency so that he or she will be able to perform at his or her best (Tartaglia, 1999). He or she should always strive to cook and serve the best dishes (Tartaglia, 1999). Furthermore, alliance building should also be included in his vocabulary, because if for instance, he or she feels that he or she is always right or blames/resents others, he or she is impatient or intolerant, he or she is a fault-finder, then he or she does not have the capability to work with others (Tartaglia, 1999). In addition to that, if he or she has excuse for every mistake or failure he or she commits, then he or she does not have the â€Å"character† to make it or to succeed in his or her chosen endeavor (Tartaglia, 1999). Similarly, if he or she is dishonest, as well as, if he or she is unwilling to go the extra mile to serve others, for instance, he is only willing to work during his or her schedule and does not voluntarily help others especially if he or she feels that his or her work is already done for the day, then he or she does not have the â€Å"character† needed to succeed in his or her chosen career (Tartaglia, 1999). Another field where â€Å"competency†, â€Å"alliance building†, and â€Å"character† is necessitated is in the â€Å"Research Consultancy Firm† (Tartaglia, 1999). Here researchers should have competency to perform very well; this in not only to keep their jobs but to be promoted as well (Tartaglia, 1999). They should be able to satisfy their clients with their research works, thus competency is really required (Tartaglia, 1999). Alliance building is also important in the Research Consultancy Firm, for instance, the researchers need statisticians to do statistical analysis for them to be able to complete their research works so they really need to be flexible enough to work with others (Tartaglia, 1999). Last but not least, doing research takes a lot of time, energy, and patience, thus â€Å"character† is needed in order to succeed in it (Tartaglia, 1999). Also, since satisfaction of clients is very important in this field, it is important that rese archers learn to accept constructive criticisms, negative feedback, and great understanding to be able to improve, if not perfect, their work (Tartaglia, 1999). References CIPD. (2007). Competency and Competency Frameworks. Retrieved September 1, 2007 from http://www.cipd.co.uk/subjects/perfmangmt/competnces/comptfrmwk.htm Competency-Based Performance Standard for Ability to Work with Others. (n.d.). Retrieved September 1, 2007 from http://www.ed.state.nh.us/education/doe/organization/adultlearning/Guidance/rubrics/work-others.htm LE DEIST, F.D. and WINTERTON, J. (2005). What is competency? Human Resource Development International, 8(1), 27-46. Tartaglia, L.A. (1999).   The Seven Marks of Character. Retrieved September 1, 2007 from http://home.earthlink.net/~denmartin/fla.html How to cite Competency, Alliance Building, and Character, Essay examples

Business Idea And Its Components Samples †MyAssignmenthelp.com

Question: Discuss about the Business Idea And Its Components. Answer: Introduction: Entrepreneurship involves the procedure of starting a business and the one who starts the business is called an entrepreneur. It is an extremely wide subject. At the very core of it, Entrepreneurship is a way of thinking, it is a mindset of solving problems and creating value (Business News Daily, 2017). Entrepreneurship is crucial for any economy as it feeds on innovation which eventually leads to growth. This is the reason why governments are extensively working to support and promote businesses in the form of subsidies, grants and aids. My idea revolves around the foundation of a currency consultation firm. In the current economic scenario it has been observed that there are immense fluctuations in the Australian Dollar against the US dollar. In the last three years alone, it has been noted that the currency has touched a low of 0.6863 and a high of 1.0509 (XE, 2017). Of course, such movements in the currency will not have a direct impact on individuals, But there are various businesses including but not limited to exports and imports where the such fluctuations tend to have a major influence (ABC News, 2015). The very aim of this currency consultation firm is to help clients trace, scrutinize, control, work at decreasing the effect as well as take advantage of these movements. Need Analysis: The backbone for the success of any business is to recognize a need gap in the society and work towards fulfilling that need with the business offerings. Before starting any business, it is important to identify the right customer as that forms the backbone of the company (Harvard Business Review, 2014). The trade barometer in Australia is consistently on a rise and the upcoming forecast for the same is upward looking (Reuters, 2017). This is evidenced by the fact that Australia exported AUD 31.07bn and imported AUD 30.61bn worth of goods and services in the month of July this year (Trading Economic, 2017). Predominantly Australian trade transactions are conducted with US dollars being the currency of exchange. Therefore, it intensely and often adversely influences several export and import businesses mainly because they are incompetent to predict these currency vicissitudes beforehand. This firm aims to mend that bridge by offering consultation and advisory services wherein financial experts track the currency market and guide the clients upon various details of their business like time of booking orders, tools for hedging1 their currency from risk and also guide them on their respective banking charges2. Target Market: Phillip Kotler defines target market as a set of well-defined set of customers whose needs the organization plans to satisfy (Creighton University, 2002). The companys target market would ideally be businesses importing to Australia. Most of Australian imports include Iron ores, petroleum, gold, wheat and coal. Firms that are exporting from Australia will especially natural gas, minerals, wool and agricultural products will also be targeted. Geographically, The firm will begin operations in Sydney as the city is a home for tremendous number of exporters and importers, however clienteles would be targeted throughout the country. The positioning of the firm would be done as a niche, targeting exporters and importers with an annual turnover of more than AUD 20 million. The organization will gain competitive advantage by hiring top executives who are subject matter experts and have a solid grasp in the field of currency trading. The knowledge industry is on a rise and while selling this knowledge it is the human resource of the organization that matters the most (Forbes, 2011). Business Model: Services offered are niche and hence targeted clients would be businesses with an export/import turnover of over AUD 20 million. Most of the firms today make a lot of pricing mistakes as they fail to understand that no single pricing strategy can work for all the clients (Forbes, 2015). Hence we will be offering two different business models to our clients to choose from. Fixed Fee: In this model, services will be charged in the form of annual consultation fee which will be different for every client depending on their turnover. The payment structure would include paying the fees in two parts. A part of the remuneration would be made in advance and a part after initial 6 months of service. The advance fee will help us cover the cost for getting the clients on board. Also, this model brings an element of trust among the clients specifically when they are given an option to pay half of the fees after six months. Profit Sharing: In this model, clients can choose to share their profits monthly or quarterly, depending on their business cycles, based on our advice. This is done as the time between getting an order and actually delivering the good can range between one month and six months. Systems would be appropriately placed in order to track when and how much have the clients benefitted from the guidance of the experts. And a daily updated portfoliomanagement sheet would be sent to clients regarding the same. Business Model Canvas Key Partners Key activities Value Proposition Customer relations Customer segments Two key personnel. Head of sales Head of consulting Customer relationship management Research Market analysis Selling Customer profiling Marketing and PR After sale and pre sale service Awareness of currency markets Reduced risk due to currency movement Rise in profit margin Every Day advisory and market update Fortnightly meetings Dedicated CRM personnel to every client Customer portfolio managers Export businesses Import businesses Banks Financial institutes Institutional investors Day traders Key Resources Channels Financial analysts Bloomberg/ Reuters terminal Library of Research reports Data team Human resources Events One on one meetings Cold calling by data team References by existing clients Marketing and PR Activities Cost Structure Revenue Structure Fixed cost Employee salaries Land and building expenses lease payments and rent Bloomberg/ Reuters terminal Variable Cost: Office utilities Travelling expense Consultation fees paid by clients Monthly fees for live screen Bonuses shared on profits made by clients Services offered: Currency Consultation Chief Service provided by the organization will be currency consultation. Wherein a team of financial analysts will study the past and predict the future movements in AUD with respect to other currencies after a rigorous fundamental and technical analysis. This forecast will be disclosed to our clients in the form of personal telephonic advisory on every FX transaction they incur. We would have a separate team to do this analysis and track the market. Fundamental analysis includes scrutinizing the data of a country and understanding its impact on the currency. These data collected include unemployment rates, inflation, GDP growth rate, interest rate fluctuation and minutes of RBA meetings etc. (Forex Factory, 2017). Whereas technical analysis involves study of the historic movements in the currency and mathematically forecasting the future trends. This is achieved by use of Bloomberg and Reuters terminals as currently they are the most effective tools of financial analysis (Financial Times, 2017) Live Screen An Ancillary assistance offered would be a Bloomberg or Reuter linked live screen where clients will be able to monitor the live movement of AUD against all other currencies as and when it happens. Most of the websites and news channels show slightly lagged rate and it becomes difficult to negotiate with the banks as they do not consider these as efficient tools. Only Reuters and Bloomberg terminals provide exact rates and these are really expensive terminals. This is where the need gap comes, and this is filled by creating live screens that are Bloomberg linked. They are not as accurate as Reuters or Bloomberg but far more effective than new channels. Once the clients have this screen, they are in a better position to negotiate with the bank and get a better exchange rate. This can be explained better with an example: Consider a company ABC exports sells its goods to USA and charges the importing company USD 1 million. Upon completing the order, client makes a payment and this USD 1 million reach ABC exporters bank. Now bank will decide at what rate the exchange should be made. If the bank offers AUD 1.10 per dollar instead of AUD 1.25, ABC exports makes a direct loss of AUD 150000. This is where live screens come into picture as many banks today are taking advantage of the lack of available tools in the market and cheating clients by offering a lower interest rate. In fact research shows that it is the big banks who offer make the most money and most expensive way to buy or sell foreign currency (Herald, 2017). Customized Strategies Upon getting the client on board, our analysts work on designing customized hedging strategies for clients and provide guidance on how they can be protected from currency fluctuations. Currency hedging requires deep understanding of various tools and our team of experts have extensive and detailed knowledge of these. Therefore, at any point of time they will assist the client with the most appropriate tool. Due to the rising Australian dollar, currency hedging is again gaining ground with investors (The Australian, 2017). Today there are various ways of hedging the currency and gaining protection from avoidable risks. Different tools work well in different scenarios. Most of the times, the clients are unaware of these tools and hence end up making losses. The team of experts at our firm will ensure that every client has a customized strategy. And these may depend on the size of the order, the country counterpart, macro-economic outlook of both the countries, cost of the tools and expected trends of both the currencies. Research Reports One of the additional services provided to the clients would be an unlimited access to research reports. These reports would be available on the company website and the clients would be given an ID and password to access the same. Other individuals or firms who wish to access these reports will be charged. This service is provided for clients to have a written validation of the views of our company and for the company to have a bank of data which will be valuable as the years pass by. Organizational Structure Organizational structure basically elaborates on how various subunits are divided and how well are they coordinated for task completion (Organization development and change, 2013). It is very important that every entrepreneur pays attention to the kind of organization structure that must be in place. CEO and Managing Director Like every other organization the role of the CEO would be to be at the top of the things. In a startup structure, the CEO would be responsible for getting investors and ensuring the business goes as planned. It is important that the CEO puts his best foot forward at all times as he or she is the face of the organization. CEO becomes a brand and it is imperative that the brand must be preserved by their behavior (Forbes, 2012). CEO is involved at the strategic level of the business and any new policies or structural changes are approved by the CEO. Head of Consultation Head of consultation must ensure that the researchers are doing their job efficiently. He or she is responsible for ensuring that the entire firm holds the same view on the currency. Because it is a knowledge center, sometimes financial experts can get biased by their personal opinions on the matter. It is the responsibility of the head of consultation department to supervise and approve every report published by the firms and every strategy sent to the clients. Fundamental and Technical Researchers The aim of these researchers is to analyze fundamental and technical data as per their expertise and offer a view on the currency. They must understand how to club both of the data together and bring out the best forecast as different kind of analysis are better suited for different currencies (DailyFX, 2012). They also need to write research and release reports to the clients and formulate strategies for them as and when required. This team must be hired with excruciating detail as their research eventually forms basis of the companys success. Client Servicing Personnel These client servicing advisors would be the client contact. Every personnel will handle not more than 10 clients at a time. They must be well versed with their views on the market and possess excellent communication and crisis management skills. They must be available to clients at all times and be able to maintain positive relationships with them. Head of Sales Sales head would be the face of the company at all times. He or she would be the first person that the client will come in contact with. It is the responsibility of the sales head to ensure that the sales team meets its targets. The four biggest qualities that a sales must have include patience, tolerance, and outgoing personality and assertiveness (Inman, 2017). They will do cold calling, attend and organize event and get referral from clients. Sales head will ensure that the entire procedure from the first point of contact till the client comes on board is smooth. Pre sales team This team will ensure that the sales team is prepared every time they go for a meeting. They will make presentations for the sales team, inform them if there are any upcoming events and basically make the sales procedure smooth for the sales team. Client relationship management CRM is a very critical function in any organization today. A strong connect with customers help build long term relationships with them (Fox Business, 2012).Client relationship management team will ensure that clients are satisfied with the services. They will be responsible for taking feedback from clients, organizing events for them. A CRM contact will also be assigned to every client once they are on board and the client can contact that person in case of any issues, queries or grievances. Human Resource Head Human resource head has to make sure the human resources of the firm are in place. In order to survive the competition, it becomes imperative to increase the efficiency of organizations resources with the help of HRD (Harvard Business Review, 2008).The responsibilities of the HR head fall under the spectrum of recruiting, training development, team building, exit interviews, compensations and any other issues faced by the employees. HR Team and Admin HR head would be leading a team of employees actively involved in HR functions. Along with this, an Admin would also be in place in order to ensure the everyday functioning in the office remains smooth. Bringing in office supplies, ensuring communication within the office, maintaining files and fulfilling other office needs as and when they arise are functions of the admin. References: ABC News, 2015, Falling dollar, rising fortune https://www.abc.net.au/news/2015-08-05/jericho-a-falling-dollar,-a-rising-fortune/6673074, viewed on 19 September, 2017. Business News Daily, 2017, What is entrepreneurship, https://www.businessnewsdaily.com/2642-entrepreneurship.html, viewed on 20 September, 2017. Cummings, T. G., Worley, C. G. (2014).Organization development and change. Cengage learning. Daily FX, 2012, Fundamental and Technical analysis, https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2012/01/20/Technical_Versus_Fundamental_Analysis_in_Forex.html, viewed on 20 September, 2017. Financial Times, 2017, Bloomberg suffers rare drop, https://www.ft.com/content/6b547cb8-1396-11e7-80f4-13e067d5072c, viewed on 19 September, 2017. Forbes, 2011, The rise of the knowledge market, https://www.forbes.com/sites/jenniferhicks/2011/06/27/the-rise-of-the-knowledge-market/#548711e61721, viewed on 19 September, 2017. Forbes, 2012, As CEO are you putting your best foot forward, https://www.forbes.com/sites/theyec/2012/08/08/as-ceo-are-you-putting-your-best-face-forward/#6bb4e4016df2, viewed on 20 September, 2017. Forbes, 2015, The biggest mistake you can make while pricing services, https://www.forbes.com/sites/ianaltman/2015/12/22/the-biggest-mistake-you-can-make-pricing-services/#d5ca15da38a8, viewed on 19 September, 2017. Forex Factory, 2017, Economic calendar, https://www.forexfactory.com/calendar.php, viewed on 19 September, 2017. 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