Identify Leadership Style Essay Example for Free

Identify Leadership Style Essay As a leader, it sometimes takes a step back to look at oneself to realize what type of leader you are to understand your strengths and weaknesses, so you can lead an effective team to success. After lots of leadership quizs and readings, my leadership style is participative (Democratic) with an emphasis on the consensus view. â€Å"A participative leader seeks to involve other people in the process, possibly including subordinates, peers, superiors and other stakeholders. Often, however, as it is within the managers whim to give or deny control to his or her subordinates, most participative activity is within the immediate team (Tannenbaum and Schmitt, 1958). † Some of the characteristics of the participative leader and that of myself are: creating an atmosphere were creativity is wanted and rewarded, engaging in the group decision making process and while keeping the final say over decisions, allowing members to share ideas and thoughts. A1a: Two Strengths Using the participative leadership style gives me the most advantages when working and making decisions in a group. The main two strengths of my leadership style (participative) is: Empowerment and Better Team Decisions.  Empowerment: as defined by Dictionary.com, â€Å"v.to give power or authority; to authorize, especially by official means. To enable or permit (Dictionary.com, 2014).† How does it feel when you feel like you have a say in a group or team? You feel valued. I enjoy allowing my team to feel valued and employ their decisions to make for the best decision possible. The feeling that group members get from participating makes the final decision accepted much more. Personally, when team members have input in the final goal, they feel responsible and take it much more seriously. Better Team Decisions: Since I dont know all the answers, isnt it better crucial to have lots of people helping find the answers. In my leadership style, since we have lots of people brain-storming on ideas, it makes for better team decisions. When a tough decision is ahead, its critical to have others helping make decisions. Employees input is invaluable in a group participating setting. When I allow others to help make decisions, the quality of those decisions will only increase. A1b: Two Weaknesses With this effective leadership style brings some cons. One of the cons of this style of leadership is time restrictions. When the team is liberated into making decisions, it takes awhile to come to great group decision. This type of leadership allows lots of discussions and hearing everyones opinions, which in-turn slows down the whole process. This style is a slower process, but the pro of making the best decision outweighs the con. The second con for this leadership style is that there can usually only be one decision and we as a team/group can not use everyones opinion or decision. This can cause some team members to become upset or heated, but can be avoided with a good leader leading the discussions. When allowing this style to be in a group, the group must come to a consensus in agreeing on the best decision and all parties must agree with whatever outcome is chosen. A2: Compare against two other styles Lets look at two other leadership styles and compare them to the participative leadership style. Authoritative (autocratic) which is a style that has clear expectations and usually makes decisions with little input from the team/group. In this style, the group makes fast decisions and the leader is usually the most knowledgeable team-member in the group Some similarities are that when the  team is in a bind or time is no longer of essence, the team leader must make an autocratic decision for the betterment of the group. The contributions of the team will be much lower than that of my participative style. Delegative (Laissez-Faire) is the opposite of the autocratic style in that there is little or no team guidance and the team is left to make all the decisions. This style is the least productive style because it offers no structure. The group is more likely to demand a lot from the leader and usually will not work independently. This style is used when all team members are over-qualified in the area of expertise, but also leads to lack of motivation for the group. The participating leadership style that I am apart of uses both the autocratic and the delegative style aspects to achieve maximum group potential. Participative leadership is concerned about the group and that the group has input. A3: Understanding to be more effective To be a leader you must have a mix of skills, behaviors, value sets and knowledge. To be a more effective leader one must understand their abilities and understand others and their strengths/weaknesses. This understanding includes an apprehension for other leadership styles. An impelling leader, understanding certain situations and leadership styles, can carry out different styles to lead different groups and teams of people. A great leader will supply assistance and encouragement to a group based on its needs and maintain the group by using its knowledge of different leadership styles. An effective leader can not accomplish success exclusive of a team. Those teams will consist of lots of team members and different leaders. An effective leader will be able to understand other leadership styles to support and assist those leaders. â€Å"The advantage to understanding your leadership style is that you understand your strengths and weaknesses. You can be proactive and more effective as a leader by strategically using your strengths and counteracting your weaker areas. Your style defines your values and perspective, and being aware of it will aid your communication those you work with. As the saying goes, knowledge is power. You can empower yourself and move forward in your career or interest by exercising this knowledge (Raines, 2011).† When knowing yourself and your leadership style it helps you in the workplace. Knowing your work environment and workplace challenges helps to address appropriate solutions using your leadership style. By knowing your style and the areas around you, it helps you make sound strategies for solutions to the problems and you can succeed by steering the strengths of the leadership way. Being a leader means that you must be able to know your strengths and weaknesses and the situations of the group and when to incorporate your style into the situation. Leadership is not a thing that fits all situations. The more leadership styles you are accustomed to, the more negotiable you will be able to be in the group. A4: Two problems in workplace due to different leadership Problem 1: An employee is always late for workplace. The schedule that the employee is on is one of rotating shifts (day and night). This involves different managers with different leadership styles. These different leadership styles has allowed this employee to continue its bad behaviors and continue to be late. Problem 2: Personality Clash. Your style is to talk out problems and solutions (democratic leadership style) while a manager you work with is direct and to the point (autocratic style), and doesnt want to hear about the solutions but just wants the problems fixed. â€Å"Spray gun in tablet bed has stopped working, most of the team wants to find root cause, but one of the managers wants a solution now and doesnt want to understand what caused  the problem.† A4a: Two ways to overcome each problem Problem 1: Late employee. The employee that is late knows that if LF (Laissez-Faire) manager is working that he allows an unstructured work environment. In other words, see nothing, hear nothing, speak nothing and all is correct in the work place. He has unclear expectations for this late employee and is more of people pleas-er that tackling the problem. This manager is fine if the employee is late as long as it does not effect production. This leadership style also allows him to play favorites. He has different rules for different people. As long as production is not affected, whats to bother? If AA (Autocratic) is manager, this employee knows that she can not be late to work, as is not for fear of consequences of her actions. They know that action will be taken against them if they are late. This causes a trickle down effect for employees, and their team morale. Since not all leadership team-members are on the same plane, things like this are always happening. We must fix this problem, before it gets out of hand. Fix. LF manager should first follow the rules and make the employee accountable for her actions. If that employee is late, they should have consequences like everyone else. If that does not work, then managers of this team should be aware of all times that employees are arriving and leaving work. During a monthly meeting, management could review all badge in/outs to make sure times are consistent with when employees are arriving and leaving. At these meetings, employees are questioned and held accountable for their tardiness. If this is not a viable option, management should have one manager that is responsible for all tardies/lates to work. This would be a dedicated job for the manager and take the responsibility off of the other managers and  help alleviate the leadership style differences between managers. Another quick fixer, would be to discuss this problem with LF manager and hold him accountable for allowing the employee to get away with tardies/lates. This one on one meeting would help to show him that there are consequences to his actions and that all employees need to be accountable for their actions. Problem 2: Spray gun. One way to fix this problem is to invite and have the said manager attend and hold discussions within the group to help him see that not all problems have immediate solutions. Allowing him on the team, helps him develop his leadership style and see there is not one leadership style that encompasses all problems. The leader must find it valuable for them to be on the team and to give input. Showing them that they are valued goes a long way to helping them develop as great leaders. Have a one on one with the manager to discuss reasons for and against having this meeting. If both parties that are having trouble understanding meet, then they are more apt to understand where each other is coming from. If this doesnt work, we can always call an upper level management manager to help diffuse the situation. Another solution would be coaching. Maybe this manager/leader is insecure/uncertain about work environment or doesnt want to make decisions because its not my job. Maybe this manager lacks creativity or innovation. Whatever the issue that they are dealing with, a great effective synergistic leader would see this as an opportunistic time to coach the manager in these areas to help alleviate stress, uncertainty and encourage teamwork, trust, expectations and cohesion amongst teams. A5a: Three advantages that increase productivity on these advantages â€Å"Taking a team from ordinary to extraordinary means understanding and  embracing the differences (Bennicasa, 2012).† The joint vision enables all groups to have meaningful communications—business synergy. Lets take a company that is going through a major brand transformation. The reasons not to change are abundant. The company was reaching goals and employee satisfaction was high. The company would lose brand identification through the proposed changes from upper management. The company would be dysfunctional because the whole team was not on board for the transformation. The change was a challenge from all parties involved. The bottom line came when management and the team members realized that those concerns did not compare to the importance of providing the best product and customer service to the customers. The shared vision had to be recognized from all that was serving through the transformation. The important factor was understanding that it was not about us anymore, but about the companys greater good and we had to embrace it. Meetings were held, discussions were had about working together, being a better team, how to better serve our customers, and enabling team diversity. We had to see the team synergy to be able to grow and become a better productive team. New logos and mottos and so forth did not create team synergy, but leadership had to add value to the team and show all the team members that they were required to make a better team—that is business leadership synergy. Once team synergy was found, this allowed the team members to be accountable for their actions and this included the quality of the new products. In return, this created a better product for the customer. A second advantage of having a synergy leadership style could be used when different team members are not included in a process that affects them. When a team of engineers and managers are designing a new stream line approach to the production floor to help move along the packaging process of â€Å"MMs†. A synergy leadership approach to the stream line approach would be  to include the actual workers from the packaging floor. These employees would be able to discuss best practices for help in designing the new approach. This would speed up the meeting process and would speed up implementation of new processes because the packaging team members would be included in the process. Including these team members would allow for less trial and error and more time being productive in having the new packaging approach in a workable state. Having a synergistic team is just as important than the actual packaging process because it stream lines the meeting, allows team-members to have certain expectations, keeps the meetings focused on the problems and develops and enhances rich collaborative discussions that are now easy to have—business success. The third advantage of leadership synergy would be having all upper management in a participative meeting discussing the new vision for the company. After long discussions the team has selected the vision for the company. The team then selects an authoritative figure to disburse the new vision information to the whole company group—because its not up for debate anymore. Knowing when to use different leadership roles is very important. In this model, a decision that has the absolute consensus of all upper management, will appear when all team-members is seeing the discussion directly through the same glasses – which includes the mission, the vision and the teams goals. Without these glasses, cooperative judgments can be challenging to accomplish. The hard part of making decisions and agreeing upon them in a multi-leadership style team –is that there is no common goal – changes in leadership styles will strangle the discussions, as more thoughts will only add to the difficulty in making a decision. Looking through the same lenses of the glasses permits a variety diversity into the debate and allows the group to succeed. Once we see everything through the same lens, then the upper management group  can be more productive in delivering a vision in a timely manner. This synergy of upper management leaders then starts trickling down to management teams throughout the plant and then onto regular teams and committees in the plant. This trickle down affect makes teams more productive, more efficient by allowing the meetings to flow better and to free up people to not be in meetings (to be on the floor being productive making the products). References Bennicasa, Robyn. (2012) 6 Leadership Styles, and When You Should Use Them. Retrieved from http://www.fastcompany.com/1838481/6-leadership-styles-and when-youshould-use-them. Dictionary.com. 2014. Empowerment Definition. Retrieved from http://dictionary. reference.com/browse_empowerment Raines, Stephanie. 2011. The Advantages of Knowing Your Leadership Style. Retrieved from http://smallbusiness.chron.com/advantages-knowing leadership-style18924.html. Tannenbaum, A.S. and Schmitt, W.H. (1958). How to choose a leadership pattern. Harvard Business Review, 36, March-April, 95-101.

Using Lies to Define Morality of Characters in Adventures of Huckleberr

Mark Twain once said, "Lie--an abomination before the Lord and an ever present help in time of trouble." Twain's description of deceit gives it a type of double meaning. This idea of lying being used for good as well as evil is not unheard of. Many time people find it necessary to lie to maintain a greater good or save a life. However, all too often, people lie for self-serving, immoral purposes. In this quote, Twain elegantly shows the delicate balance between good and evil in the performance of the same act. Furthermore, Twain also shows this complex thought in his portrayal of characters in Adventures of Huckleberry Finn. Twains novel emulates his quote, juxtaposing the good and bad aspects of stretching the truth. Throughout the novel, Twain provides numerous commentaries on the morality of characters. His display of deception in the story continually serves to improve the reader?s understanding of a character?s moral integrity, based on the nature and intent of the lie. In The Adventures of Huckleberry Finn, Mark Twain uses the lies of numerous characters to better define the moral ambiguity of those characters. Twain portrays the complete lack of moral fiber in the King and the Duke through their cons and deceit. On numerous accounts, the King and the Duke lie to others exclusively for self-serving and wicked motives. From the first meeting with the King and the Duke, Huck knows that, ?these liars warn?t no kings nor dukes at all, but just low-down humbugs and frauds? (ch. 19), knowledge obtained via the utter disregard for others in the King and the Duke?s scams. Huck?s use of ?fraud? (ch. 19), for instance, highlights the duo?s use of fabricated personas to rob others of their possessions, acts of such low ... ...n contrast to those of the King and Duke expose the dichotomy between good and evil present in everyday life. Traditionally, a dark shadow has loomed over the art of deception, and rightfully so in regards to the King and Duke. However, when in the face of a greater evil, a small number of noble people can use lies in a dignified manner, as demonstrated by Huckleberry Finn. By observing the motives someone has for straying from the truth, the morality of that person emerges, becoming ever more discernable . Lying, however, has evolved into an archetype for immorality and evil, only to be slightly redeemed by those who are fighting for a greater good. In this light, Twain portrays the dichotomy nested within deceitfulness within numerous characters in his Adventures of Huckleberry Finn, a dichotomy that is too often slanted toward one, immoral side. - cdyoung

Managerial Analysis on Cute Cosmetics Ltd

1. Acknowledgement Apart from the efforts of us, the success of any project depends largely on the encouragement and guidelines of many others. We take this opportunity to express our gratitude to the people who have been helpful to give us valuable information regarding this project so that it can be successful. We would like to show our greatest appreciation to honorable faculty Noor-E-Hasnin (NEH) Lecturer, North south University. We felt motivated and encouraged every time we attend her classes and effective class lectures.Without her encouragement and guidance this project would not have materialized. The guidance and support received from all our group members who contributed were vital for the success of the project. We are grateful to each other for the constant support and help 2. Introduction: We selected Cute Cosmetics for our project which is a private limited company and is a local company. Cute Cosmetics is a brand of Mousumi Industries that manufactures cosmetics and t oiletries and was incorporated in 1971. Since then Cute has been manufacturing cosmetics and providing service to the people of Bangladesh.It has become a very well reputed and now has captured a huge market not only in Bangladesh but also outside the country. But cute is not manufacturing consumer products alone in the industry. It has many competitors in the market who are fighting to become the market leader and to grasp the majority of the market share. The key competitors are Kohinoor, Marico and Lever Brothers. Even though the company was established long ago but it is facing tremendous competition and some of the competitors have already beat them in some of the consumer products.The company has many product lines that manufacture different types of products and are providing service not only nationwide but also to the foreign countries as it has been exporting some of the products outside the country. Cute has its own brand image in the market and is one of the pioneers in t he industry. Cute Cosmetics has its own strength and weakness as well as external opportunity and threats because of the market influence. We also have discussed the requirements for having a private limited company and the advantages and the disadvantages of the formation of the company which are compared with those iscussed in the book. The report shows an overall view of the company’s position in the market as well as the loopholes that it has in itself. 3. Literature Review: a) Company Information: Mousumi Industries Ltd. was founded in 1971. From 1974, still then a proprietorship industry, the operation of the business was intensified and in 1984 Mousumi's factory building was constructed at Cutepalli, Kanchpur, Sonargong, Narayangonj with sophisticated modern machinery. The cosmetics ; toiletries of the company are manufactured under two brands, namely â€Å"Cute† ; â€Å"Laboni†.Soon after Cute ; Laboni cosmetics were marketed, the brand became very popul ar in the whole country; it was the market leader. Mousumi Industries Ltd. was formed into a private limited company in 1982. Since then Mousumi has come a long way and its famous cosmetic brand, Cute, has earned the highest consumer satisfaction. In 1990, the company ventured into exporting. The first export was to Oman. This was a great milestone for Mousumi Industries Ltd. as well as for Bangladesh. This meant that even Bangladesh was producing quality cosmetics to attract foreign market.This has been possible because Mousumi has installed very modern machinery and ensured highest quality products with technical co-operation of the qualified chemists of the company and experts of the renowned foreign cosmetics products developers. Mousumi now exports to India, Oman, UAE and many other foreign Countries. b) Mission and vision statement: Mission- We will always try to explore beyond the boundaries of possibilities. Consumer needs alone will be our guiding philosophy in manufacturin g and marketing of products that beautify people and satisfy their souls.Vision- We have a vision to attain our mission of assuming the above duty and responsibility. We envisage a more beautiful tomorrow for the country, for the region and for the whole world. c) Organizational Hierarchy: HR/Admin * Recruitment * Policy Implementation * Attendance * Upkeepment * Logistics * Legal * Commercial Operation Purchase/Procurement * Quotation approval * Price/Term Analysis * Co-Ordination Inventory ; Production * Purchase Chairman ; Managing Director Director Director Organizational Hierarchy (Functional)Sales * Placement * Revenue Marketing * Packaging * Branding * Promotion * Networking * Market Survey Inventory Control * Dispatch * Logistic Arrangement * MIS * Delivery Cost analysis Production * Co-ordination with Inventory Purchase * Quality control * Order execution * New Product Development (R;D) Accounts * General Accounts * Costing(Purchase; Production) * Profitability Variance * P reparation of MIS 4. How the business was formed: a) Agreement- FORMATION I. The name of the Company is Cute Cosmetics Limited. II.People incorporated the company are- Chairman, Kazi Mahtab Uddin Ahmed and Founder Managing Director Late Kazi Ashraf Uddin Ahmed, Directors Kazi Moin Uddin Ahmed and Kazi Rajib Uddin Ahmed. III. The Registered Office of the Company will be in Dhaka, Mousumi Industries Limited 151, Bangshal Road, Dhaka-1100, Bangladesh Phone: 7319608, 7311238, 7318996 Fax: 880-2-7318458 IV.The objectives for which the company is established are all or any of the following provided that permission/approval/license from the Government or its appropriate agency and the concerned local government authority shall be obtained wherever it is so required by law, rules or regulations: V. The liability of the members is limited. VI. Life time is perpetual. V. The authorized share capital of the company is Tk. 0,00,00,000 (Taka Ten Crores) divided into Ordinary and preferential sh ares. There shall be a total of 10,000 (Ten thousand ) shares each of Taka 10,000 (Taka Ten thousand only) with the power to increase or reduce the capital, to divide the shares in capital for the time being into several classes and to attach hereto respectively such preferential, deferred, qualified or special rights, privileges or conditions as may be determined by or in accordance ith the regulations of the company and to vary, modify or abrogate any such rights, privileges or conditions in such manner as may for the time being be provided by the Articles of the company and consolidate, sub-divide the shares and issue shares of higher or lower denomination. ARTICLES OF ASSOCIATION OF CUTE COSMETICS LIMITED The Company is a Private Limited Company within the meaning of section 2(1) under clause (Q) of the companies Act,1994 and accordingly the following shall apply:- a.No invitation shall be issued to the public to subscribe for any share, debenture of the company; b. The number o f members of the Company (exclusive of the persons in the employment of the company) shall be limited to fifty; and c. The right to transfer shares of the company is restricted in the manner and to the extent hereinafter provided. SHARE CAPITAL The Authorized Share Capital of the Company is Tk. 10,00,00,000 /- (Ten Crore) divided into 10,00,000 (Ten Lac) Ordinary Shares of Tk. 100/- each with power to increase or reduce the same value of its shares.Subject to the provisions of the Articles, the share shall be under the control of the directors who may allot or otherwise dispose of the same. COMMENCEMENT OF BUSINESS The business of the Company shall be commenced from the date of incorporation of the company. TRANSFER AND TRANSMISSION OF SHARES No transfer of any share shall be made or registered without the approval of the Board of Directors. No share shall be transferred to any outsiders as long as any existing member is willing to purchase the same at a fair value to be determined by the Directors in a Board Meeting.In the case of death of a member, the survivor where the deceased was a joint holder, and the legal personal representative of the deceased where he was a sole holder, shall be the only persons recognized by the company as having any title to his interest in the shares. GENERAL MEETING The general meeting of the company shall be held within eighteen months from the date of incorporation of the company and thereafter once in every calendar year (not being more than fifteen months after holding of the last preceding general meeting) at such time and place as may be decided by the Directors of the company.APPOINTMENT AND REMOVAL OF A DIRECTOR The company may appoint or remove a Director from the company in its Annual General Meeting. VOTE OF MEMBERS No member shall be entitled to vote unless all installments or calls or other sum or sums presently payable by him, in respect of his holding of shares in the company has been paid. DIRECTORS Until otherw ise determined in the general meeting the number of Directors of the company shall not be less than TWO and not more than TEN. POWER OF DIRECTORSWithout prejudice to the general powers conferred by the last preceding Article and the other powers conferred by these presents, it is hereby expressly declared that the Directors shall have the following powers- 1. To pay the costs, charges and expenses preliminary and incidental to the promotion, formation, establishment and registration of the Company. 2. To purchase or otherwise acquire for the Company any property, rights or privileges that the Company is authorized to acquire at such price and generally on such terms and conditions, as they think fit. 3.To pay for any property, rights, and privileges acquired by the company in cash or in shares of the Company and any such shares may be issued either as fully paid up or with such amount credited as paid up thereon as may be agreed upon. 4. To secure the fulfillment of any contract or engagements entered into by the Company by mortgage or charge on all or any of the property of the Company and its unpaid capital for the time being or in such other manner as they may think fit. 5. To accept from any member, on such terms and conditions as shall be agreed but subject to the provisions of the act, as surrender of his share or any part thereof. . To deal with any of the moneys of the Company not immediately required for the company's purpose in or upon such investments or securities (not being shares in this company) and in such manner as they may think fit, and from time to time to vary or realize such investments. They can also provide the employees with rewards and benefits as well as they can contribute establishment of schools, recreation centers and hospitals which will, the opinion of the Directors, tend to increase the reputation of the company among its employees and the public.WINDING UP If the company shall be wound up, the surplus assets shall (subject to any rights attached to special class of shares forming part of the share capital for the time being of the company) be applied first in the payment of the capital paid up on the ordinary shares and the excess (if any) shall be distributed among the members holding ordinary share in proportion of the member of ordinary shares held by them respectively at the commencement of the winding up.Almost all the required information of the company, according to the book that we have studied, are provided in the Article of Association of Cute Cosmetics but it fails to address certain issues that are required in the Article of Association of the company. The information that are not provided in the Articles of Association of Cute Cosmetics are- – The address of the persons responsible for the corporation’s legal service – The addresses of the first directors of the company – No other public information is provided in the article of association. It lacks the details of the duties and responsibilities of the officers and the length of their service. – There is no information regarding the issuance of the company’s stocks. – It lacks the matters regarding employment contracts. b) Advantages and disadvantages of the business: Advantages- * Seasonal Demand- Cute has more sales during winter due to high demand of moisturizers caused by the dry weather. * Environment – environment needed to produce cosmetic products is very favorable in Bangladesh as we hardly ever face extreme weather conditions. Demand – Though the upper class society stick to foreign cosmetic products still the demand for our products is constant as Cutes’ product is popular among rest of the societies and also the rural areas, giving the company a wide market. * Labor – Cheap labor is abundant in supply in our country giving Cute the advantage to lower its cost of production thus keeping the price of its product low compared to oth er company’s products. * Limited liability- Owners of the business are responsible for the losses only up to the amount they have invested in it. Perpetual life- Death of one or more owners does not terminate the corporation The advantages of a corporation, according to the book that we have studied, are described above but it does not address some of the advantages mentioned in the book. The advantages those are not included in Cute Cosmetics are- Ability to raise more money for investment- Cute Cosmetics is not enlisted in the Stock Exchange as it is a private limited company that is why it cannot raise more capital. Size- Size of the company does not play any role as they can’t raise more capital and they also lack resources that could rovide them competitive advantage over their competitors. Ease of ownership change- They lack the flexibility of transfer of shares as it is a complex process. Ease of attracting talented employees- they do not offer any stock options to their employees and this is why they cannot attract many talented employees. Separation of ownership from management- As the company is a private limited company their management is not separated from the ownership so both the management and owners get to interfere in the decision making process. Disadvantages- Raw Materials- As quality raw materials are not available in our country Cute is highly dependent on import * Double Taxation-Along with the corporation taxes, which are already very high, Cute also has to pay the taxes on imports. * Foreign Company Dumping- The dumping of foreign companies heavily affects the sales of Cutes’ products and is a threat in the long run. * Dissatisfied Labor-All throughout the production process, the labors are given the least priority resulting in dissatisfaction among them. * Utility Crisis- There is always an acute crisis of utility.For electricity, to meet the demands, now the company is dependent on private electricity suppliers f or which Cute has to pay four folds than regular price. * Political Issues- Due to the continuous political unrest, production processes slow down which affect the company very dearly. * Initial cost- To start up a new corporation it costs a lot as an initial investment. The disadvantages of a corporation, according to the book that we have studied, are described above but it does not address some of the disadvantages mentioned in the book.The disadvantages those are not included in Cute Cosmetics are- Size- In this case size does not count as a disadvantage as they can adapt to any changes occurred in the market. Difficulty of termination- There is difficulty of termination but aspects regarding these difficulties are not addressed properly. Possible conflict with stockholders and board of directors- The ownership of the company is limited amongst the directors and management so it is least likely that any conflict shall arise. 5. Products of Cute Cosmetics:Shaving Gear: Baby Care Products: Cute After Shave Skin Conditioner Cute Baby Lotion Cute After Shaving Lotion Cute Baby Oil Cute Shaving Brush Cute Baby Shampoo Cute Shaving Cream Cute Baby Powder Cute Solzar Cute Baby Moisturizing Pure Cream SoapWinter Products: Hair Care Products: Cute Cold Cream Cute Amla Hair Oil Cute 27 Cream Cute Coconut Hair Oil Cute Krack Cream Cute Shampoo Cute Glycerin Cute Anti Dandruff Shampoo Cute Pure Petroleum Jelly Herbal Hair Tonic International Vanishing Cream Cute International Cold Cream Cute Petroleum Jelly Cute Lip gel Cute PomadeSkin Care: Oral Care Products: Cute Cleansing Milk Cute Smokers Tooth Paste Cute Sun Shade Cute Gel Tooth Paste Cute Beauty Milk Cute Fluoride Tooth Paste Fragrances: Body Talc: Cute First Lady Cute French Perfumed Talc Cute Brutal (for men) Cute International Talc Cute Classic Cute 27 Cute Romance Cute Baby Powder Cute FantasyCute Romance Talcum Powder Cute Chandan Attar Cute Flower Talc Cute Basra-e-Golap Attar Laboni Powder Cu te Attar Cute France & prickly hit Powder 6. Industry Analysis: a) Major Competitors: The key competitors of Cute Cosmetics are Marico, Kohinoor and Lever Brothers Bangladesh. A brief discussion on them is given below- Kohinoor: Kohinoor Chemical Company Limited Bangladesh (KCCL) was established in 1956. It is a public limited company listed with both the bourses of Bangladesh, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). Most of the products of KCCL are known by legendary brand name Tibet. The other brands that KCCL has are Sandalina, Genstar, Bactrol, Ice-Cool, Fair & Care, Xpert, Heel Guard, and Clean Master which are equally famous in Bangladesh.To strengthen the marketing of KCCL, their management has rearranged the distribution system and revamped the Research and Development department of KCCL that will deliver quality product in Bangladesh also regional and overseas countries. KCCL has not only emerged into a potent industrial entity but also represents th e brand of mass people. Marico- Marico Bangladesh Limited (MBL) was incorporated in September 6, in 1999. The company is listed in both the stock exchange of Bangladesh, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). Their factory is situated in Mouchak, Kaliakoir, Gazipur. Their key products are Parachute, Saffola, Hair Code Hair Dye, Kaya Skin Clinic, New Aromatic Gold, Camelia Beauty Soap. MBL’s Products in Pure Coconut oil, Edible Oil, Hair care and Skin Care reach out to more than 500,000 outlets in Bangladesh.MBL touches the lives of 1 out of every 3 Bangladeshi through its portfolio of brands such as Parachute, Saffola, Hair Code, Aromatic, Camelia and Beliphool to name a few, most of which enjoy leadership positions (No. 1 in coconut oil segment), with significant market shares in respective categories. They believe in transforming the lives of our stakeholders be it our consumers, members, associates or shareholders, by helping them maximize their tr ue potential. This truly articulates the Mariconian spirit to ‘be more. every day’. Lever Brothers Bangladesh- Unilever started its onshore operations in Bangladesh in 1964 when its soap factory was set up at Chittagong.Unilever Bangladesh is market leader in 7 of the 8 categories it operates in, with 16 brands spanning across Home and Personal Care and Foods. Their operation provides employment to over 10,000 people directly and indirectly through its dedicated suppliers, distributors and service providers. 99. 8% of Unilever Bangladesh employees are locals and they also have a large number of Company employees working abroad in other Unilever companies as expatriates. The renowned products of Lever Brothers Bangladesh are- Pepsodent, Knorr, Wheel, Power White, Vaseline, Lux, Pureit, Fair & Lovely, Close up , Dove, Surf Excel, Sunsilk, Pond’s, Vim, Rexona, Lifebuoy, Taaza, Clear etc.Lever Brothers is also very well reputed brand name in our country and they have a mass coverage among the people with their products. b) SWOT analysis: Strength and weakness are internal factors caused by the company itself whereas the opportunity and threats are external factors caused by the market and competitors. Strength- * They have very modern machinery and ensured highest quality products with technical co-operation of the qualified chemists of the company and experts of the renowned foreign cosmetics products developers. * It has become a well known brand for the people of our country. * It mainly focuses on the lower income level people who can afford to buy the products and majority of the people of Bangladesh are lower income level people. It can afford cheap labor and can manufacture products at a very low cost. Weakness- * For raw materials they are dependent on the USA and European countries * As they have to import raw materials they have pay huge amount of tax on the imported goods therein increasing the overall tax liability of the company. * Impact of labor unions and strikes called by labors. Opportunity- * As it is a well known brand and has a market demand it can introduce new product lines and the people will embrace them. * They also export their products and are renowned internationally so they can introduce new products in foreign countries and the people will also embrace their products. If they can get more advanced machineries, they will be able to manufacture variety of products and gain a competitive advantage. Threats- * They have many competitors who have also become well reputed and have captured a great market share. * The similar products that are being produced by the competitors make consumers compare among available alternatives and they tend to choose the one with lower price. * If any new entrants come into the market with more advanced technology then they will get a competitive advantage over Cute Cosmetics. * The political unrest all over the country is a great threat for the company. * A great threat for Cute Cosmetics is dumping of the goods by the foreign companies to grasp the local market. 7. Conclusion:Cute Cosmetics has been established for a very long time, in fact the idea of manufacturing cosmetic locally was introduced by them. By providing a wide array of products to the mass people they have become one of the pioneers of their line of service. The competitors now have gained a great market share by their different types of product and services and Cute is facing a huge competition against them. Even though Cute has many advantages such as being one of the oldest companies being formed still they have to face uncertainties in case of being the market leader. Even though the disadvantages are negligible still they have certain impacts on the overall performance of the company.The information that we have collected about Cute Cosmetics has lacking regarding the promotional campaign and activities which hinder their growth. Also the threats that we have detected can have a negative impact over the company. We suggest that Cute should now focus more on the promotional activities so that they can grasp majority of the market. They should ensure more resources as well as more technologically sound machineries that will help them build competitive advantage. Despite the drawbacks they have maintained their reputation and standards and survived for a very long time in the ever changing market which is quite impressive. However to become the market leader they need to bring in some changes which will ensure their leadership in the market for long run.

Legal Prostitution in the United States Essay - 1086 Words

It is rather odd to think that prostitution, which is considered to be the world’s oldest profession, would be illegal and harmful in nature. The issue of legalizing prostitution has entered public conversation around the world, which is severely divided. Many, like myself, consider prostitution to be a victimless crime. Despite such opposition to legalizing prostitution, many argue that legalizing it would result in decreased morality issues, increase the economic activity in the United States, and help decrease the number of sexually transmitted diseases among both prostitutes and those who patronize them, The most common argument against the legalization of prostitution is that it establishes sexual immorality. The prostitute,†¦show more content†¦The United States nor virtually any other country has ever been plagued with the problem of too little population growth, also it is not a threat to institution of family. What is left of the moralist argument is that p rostitution is wrong morally, only by the religious faith. This point cannot be logically rejected; it must simply be accepted or rejected as an assertive statement. Given that prostitution will continue to flourish in the United States, there are many people who do not accept the religious disapproval and many more who are not willing to pay for the enforcement of these religious rules. Another argument to legalize prostitution would to be to regulated it, and take the woman off the street and place her into a safe environment, for instance: women who are in brothels in Nevada are screened monthly for STD’s and are given birth control. Sexually transmitted diseases are a major concern for the women as well as the men and should be a major reason why legalization of prostitution should be pushed. Legalized prostitution has shown that prostitutes who work in brothels practice safe sex and are less likely to contract and transmit STDs. As indicated in the article entitled, Prostitution: George Flint, director of the Nevada Brothel Association, points with pride to the 20,000 monthly AIDS tests that have been performed on legal prostitutes since tests were required in 1986, with HIV showing up only among job applicants. Similarly, not aShow MoreRelatedShould Prostitution Be Legalized?1406 Words   |  6 PagesProstitution is one of the largest controversial issu e facing the United States. The definition of prostitution, according to Merriam-Webster’s Dictionary, is the act or practice of engaging in sexual relations especially for the money. Prostitution has been constantly bashed by the media and is currently legal in only one state. In this state, only one county has banned prostitution. Why is it illegal? What is wrong with prostitution that has made it illegal? These are the important questions thatRead MoreShould Prostitution Be Legalized?1663 Words   |  7 PagesDecriminalizing prostitution in the United States will be a hazard to the nation. Prostitution has been often called one of the oldest jobs in the world. However, it has been illegal in nearly all societies throughout history. Currently, there have been various countries where prostitution has been legalized by the government, allowing people over eighteen year olds to work as prostitutes legally. Nonetheless, those countries have had several negative effects follow ing the legalization of prostitution. NeverthelessRead MoreA Crime Against Public Morals1474 Words   |  6 Pagesof the separation between church and state, of the times we live in. This day and age, many people wish to be free from government and church influence. The United States is the land of the free and the home of the brave as the song says, then why are there some many laws of control. The moral laws on the books are for public interest only many are not really even enforced. The one law I can justly say that the government really should remove is Prostitution is one of the oldest professions in theRead MoreProstitution : A Dangerous And Degrading Profession1209 Words   |  5 PagesThe topic of prostitution has been widely debated across history. While many see working as a prostitute as a viable career option and a right that all legal consenting adults should have, many other see it as a dangerous and degrading profession that creates both a sexualized and crime-breed ing environment. The governments of Scotland, the United Kingdom, and the United States have all generally taken stances that address prostitution in strict manner. While the approaches by which the US, the UKRead MoreProstitution And Its Effect On Public Health Essay1495 Words   |  6 PagesProstitution is defined as â€Å"the practice or occupation of engaging in sexual activity with someone for payment.† It is commonly referred to in the media and among society as the â€Å"oldest profession in the book†. This is easily explained by the ancient references that are present in religious tales of the Old Testament in the bible to modern day â€Å"red light districts† across the United States. Prostitution and its legality have always stirred up a mixture of emotions across countries, cultures andRead MoreProstitution in America1528 Words   |  7 PagesIntroduction In the United States prostitution for the most part is illegal. Around the world though is practically the opposite. Why is prostitution so unacceptable in the US? The US is one of the few countries in the world where prostitution is illegal. When I say for the most part I mean that in some counties in Nevada prostitution is legal. Downfalls of Legal Prostitution Prostitution is legal (with some restrictions) in Canada, most all of Europe including England, France, WalesRead MoreShould Prostitution be Legalized?1658 Words   |  7 PagesProstitution is an issue that has been debated in many countries. 22 countries have legalized prostitution. In the United States, prostitution is only legal in 11 rural counties in Nevada. It used to be legal in Rhode Island due to a loophole, but since 2009, it has been illegal. Women are not the only ones who are prostitutes, about 20 to 30% of prostitutes are male, which means both genders are affected by laws against prostitution. Men and women should be allowed to choose how they want to useRead More Prostitution Should be Legalized Essay560 Words   |  3 PagesProstitution Should be Legalized I think that prostitution should be legalized because it is no different than any other service that we pay to receive. Besides, there are far more serious crimes that require the full attention of our police force than prostitution; therefore, policing it is a costly waste of time and police resources. Furthermore, prostitution is already legal in Singapore, Denmark, and a part of the United States as well. In this Essay, I will discuss these ideas;Read MoreDeviant Behavior : Social, Psychological, And Philosophical Perspective1521 Words   |  7 PagesTaylor 3). Prostitution, commonly yet mistakenly known as the oldest profession in the world, is a behavior that many individuals around the world find deviant. Essentially, prostitution is the exchange of sexual activities for payments, generally of a monetary value (Thio et. al., 227) For the most part, prostitution is a legal activity around the world. Only a few outliers, such as the United States, consider prostitut ion as an unlawful behavior. In the following essay, prostitution will be examinedRead MoreRegulation of Oldest Profession Essay1243 Words   |  5 PagesPornography and Prostitution have much in common, both include compensated consenting adults engaging in sexual activity; however, pornography is legal, and prostitution is not. Webster’s dictionary defines prostitution as â€Å"the act or practice of engaging in promiscuous sexual relations especially for money†. Although pornography is somehow widely accepted, it is essentially the same concept as prostitution, both involving consenting adults paid to perform sexual acts. While prostitution is controversial