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-Todays international financial system is private with only marginal official participation. Showdown between government and banks during currency crisis of 1972. ?Smithsonian Agreement ,? allowed greater flexibility in currency values. In the 70?s U.S firms weren?t even loyal to the dollar. Sophisticated speculation playing a major role in international finance. Everyone is trying to cash in on exchange fluctuations ?leads and lags.? (I say why not) Central banks are big losers: their intervention, and inflow of dollars was so large that it was inflationary. Lesson learned is that they cannot control private capital flows. Firms did protect themselves against the anticipated devaluation over a longer term by shifting the currency composition of liquid assets and debts, and by prepaying accounts payable in currencies expected to be devalued. In 1973 we basically exported inflation to Europe. No one is sure how close we came to a financial disaster in the 70?s, but it?s a fact that we were on the edge. *Franklin-Herstatt failure contained. Floating rates survived.
Chapter Four-The Economics and Politics of Global Debt
-In the nineteenth century, private banks helped countries cope with swings in the trade cycle and made emergency loans to keep governments afloat. A reason why bankers disliked the Bretton Woods Conference was that it created a competing public sector institution, the IMF, to provide short-term loans to countries experiencing trade and financial difficulties. The Third World owes the Western banking system over half a trillion dollars. Lost cause thinking we will be payed back. Global debt crisis had two fundamental causes-importance of Third World countries in global banking revolution of 60?s and 70?s; series of economic shocks that hit the world economy in the 70?s.Richard Weinert lists four main factors that are responsible for the banks? expansionist thrust into the Third World in the 70?s: servicing client needs, defensive expansion to keep clients, earnings growth, and the opportunities offered by Eurocurrency markets. Economic shock of 70?s: inflation, dramatic increase in oil prices, and slowdown in world economic growth (recession on 74-75), soaring interest rates.
As displayed throughout this essay, the Titans displayed how each of these concepts intertwine, influencing how much of an impact they will have on the performance and cohesiveness of a team. Each concept on its own is a vital aspect to analyze when looking to develop a successful and cohesive team. It is important that players connect and function with their team in order to fulfill personal needs and group goals. Without team cohesion, the performance of individual skills and team ability become inhibited. This essay as a whole greatly presented how team cohesion is influenced by a number of factors. However, certain points and proof could have been made better and further explained if there was more space
A psychological assessment is defined as “the gathering and integration of psychology-related data for the purpose of making a psychological evaluation that is accomplished through the use of tools such as tests, interviews, case studies, behavioral observation, and specially designed apparatuses and measurement procedures” (Cohen, Swerdlik, &Sturman, 2013). Although examiners strive toward the assessment being good enough to be useful, they sometimes have to make decisions about what type of error is acceptable. There are many psychological assessments that have been used in the study of addictions, but we will take a look at the Addiction Severity Index.
The Addiction Severity Index can be applied to both alcohol and other drug areas (Hester & Miller, 2003). It was created about 20 years ago by A. Thomas McLellan and his associates at the Center for Studies of Addiction in Philadelphia (Makela, 2004). It was the first standardized assessment tool of its kind. The Addiction Severity
Our main assessment tool is the Addiction Severity Index (ASI) it is a widely used structured interview that is designed to provide important information about what might contribute to a client’s alcohol or drug problem. The instrument assess seven dimensions that typically are of concern in addiction: (1) medical status, (2) education/employment status/support status, (3) drug/alcohol use, (4) legal status, (5) family history, (6) family/social relationships, and (7) psychiatric status. The ASI was the first standardized assessment tool of its kind to measure the multiple dimensions of substance abuse. The ASI is conducted in an interview format by clinicians worldwide. It has been used as an assessment tool by state agencies and treatment providers and has been translated into 18 languages (McLellan, Luborsky & Woody,
Eichengreen, Barry. Globalizing Capital: A History of the International Monetary System. Princeton, NJ: Princeton University Press, 1996.
Similar to understanding the context of the team, to effectively manage and understand the composition of the team it is important for the team and its members to answer the following questions: “(1) to what extent do individual team members have the technical skills required to complete the task?; (2) to what extent do they have the interpersonal and communication skills required to coordinate their work with others?; (3) to what extent are individual team members committed to the team and motivated to complete the task?; and (4) is the team the right size to successfully complete the task?” (Dyer & Dyer,
The components of a good team should be considered. First, a high-performance team must have strong core values to guide attitudes and behavior consistent with the team's purpose. The members should know why the team is created and why he or she is on the team. Secondly, a team should have specific performance objectives. Members should know exactly what they are trying to accomplish. This also includes having standards for measuring results and ways of obtaining performance feedback. A good team will make members realize the importance of collective efforts. Third, a high-performance team has the right mix of skills. These involve technical, interpersonal, decision-making, and problem-solving skills. No one needs to know how to do it all, but each member should be able to contribute to the group....
What do you understand by the phrase “stakeholder analysis”? Attempt a stakeholder analysis of an organisation that you are closely associated with.
In a team-oriented setting, everyone contributes to how well the group succeeds overall. You work with fellow members of the group to complete the work that needs to be done. Having the right people in the correct roles is an important factor in measuring the success of a team, where you are united with the other members to complete the main goals. Every group is made up of definite strengths and weaknesses. Our team's 3-5 major strengths necessary to work accordingly consist of Informer, Summarizer, Orienter, Piggy-Backer, and Encourager. One of our strengths as a team is that we get input from everyone involved. Every member of our team is a leader in some way. Part of being a good leader is knowing how important it is to receive the best ideas from each member of their team. We attend group meetings where we discuss any challenges, issues, and problems. At these meetings, we often exchange ideas or brainstorm new ones with each other and come up with the best and most creative team solutions as potential answers to those perceived problems.
Working in teams provides an opportunity for individuals to come together and establish a rapport towards others within a group. Teamwork is classified as people with different strengths and skills who work together to achieve a common goal. When a team works well, specific objectives are fulfilled and satisfied. Teamwork plays a crucial role in implementing and fulfilling a common goal in a team project. Each member plays a role and takes on different responsibilities combined together. In different stages of teamwork, conflicts and arguments may occur for as members have different standpoints which need to be harmonized within the team. The key to having an effective teamwork is to explore each member's unique abilities to motivate them.
Many businesses place an emphasis on the importance of teamwork. A good team consists of people with different skills, abilities and characters. A successful team is able to blend these differences together to enable the organisation to achieve its desired objectives.
Dreaming has always been more of a controlled thing. In a way, dreams can determine what he want to eat, what they want to wear, or even who he may be marrying one day. An Australian doctor has found that dreams are not messages from the spirits but dreams are messages from ourselves (Andre-Clark). In most cases dreams do reflect reality, because dreams are communications from yourself rather trying to contact a person through their dreams, and tell them something that may happen in the future. Dreams may or can reflect things that have happened to anyone. Dreams do not say anything about the future nor predict anything. Dreams may comfort someone or help them understand something that has happened to them in the past.
A largely accepted language is required for a business or organization to effectively communicate its results and position to stakeholders, which is why accounting has come to be known as the "language of business". Accounting is really the means for providing financial information to others. Financial analyst then take the data the accountants have compiled in the form of reports, and make educated guesses at what their company should do next. David ballast (1996) stated, "The fact remains that accounting and finance are the primary tools for reducing business problems and opportunities to a common denominator, setting goals, measuring results, and making decisions." (p. 1)
Skills and knowledge possessed by every member is also important for a team to become high performance. Although it is among the most important factors, however, it must be coupled with a good working relationship with every team member and good collaboration with every team member. The members who possess the good skills and wide knowledge will be a useful resource to the team if that team member can share their strengths with the other team members and vice versa. It is usually misconstrued that having skillful and intelligent team members is already enough to make a team work right. This kind of thinking is the reason why most teams, despite all of those competent members they have, fail to achieve their goals. A team should establish one common goal, not to think that way and develop a good working relationship with each member. (retrieved from: http://www.strictlysuccess.com, August 18, 2005) This can be done by self awareness exercises, like the DISC assessment and other assessments or any other kind of self awareness exercises regarding communication style differences. Then these factors and important pieces of information should be taken into full consideration before the actual project is begun. These exercise or assessments can be great ice breakers and mark the difference between a group of individuals merely assigned to a team, as opposed to functioning as...
A team is a group of people with a full set of complementary skills required to complete a project. Team members work toward a common goal. A team becomes more than just a collection of people when a strong sense of mutual commitment creates synergy, thus generating performance greater than the sum of the performance of its individual members. Team members not only need clear goals, they needs roles to help facilitate