Thursday, August 27, 2020
Question: Talk about the Valuation and Financial Statement System. Answer: Presentation: Boral restricted is a structure and development organization situated in Australia, Asia Pacific and America. Its primary materials of development are lime, oxides, ornamental solid, stone and basic lumber constrained (Allman and Escobar de Nogales, 2015). It is likewise associated with property exercises and transport for its items. Proportions Formulae 2014 2015 2016 Net overall revenue Overall gain * Net Sales 189.875/3197.62= 0.059 196.733/3289.813= 0.006 163.15/4194.03= 0.039 Resource turnover Deals/all out resources 3197.62/4302.23= 0.74 3289.813/4489.96= 0.74 4194.03/5233.33= 0.80 Current proportion Current Assets Current Liabilities 1249.17/876.46= 1.42 1332.96/706.71= 1.89 1566.96/1101.6= 1.42 Brisk proportion Money + Accounts Receivable Current Liabilities 335.32+462.67/876.46= 0.91 387.18+504.77/706.71= 1.26 360.7+663.4/1101.6= 0.93 Obligation proportion All out obligation/absolute resources 1701.6/4302.2= 0.395 1792.3/4489.9= 0.399 2081.4/5233.3= 0.397 Money cycles A proportion of how Boral constrained proselytes its items into money through its day by day deals and is estimated through stock, receivables and payables and back to the money once more. Stock being Current Inventory/Operating Revenue * 365 = 2016=413.65/3197.6*365= 47.22 2015=411.66/3289.8*365= 45.67 2014=497.15/4194.03*365= 43.26 Records payables being Creditors/Operating Revenue * 365 = 2016= 450.87/3197.6*365 =51.46 2015=491.06/3289.8*365 = 54.48 2014=610.49/4194.03*365 = 53.13 Records Receivables being Debtors/Operating Revenue * 365 = 2014=663.4/4194.03*365 = 57.73 2015=504.77/3289.8*365 = 56 2016=462.67/3197.6*365 = 52.81 Money transformation cycle= stock + receivables-Payables 2016= 47.22+ 52.81-51.46 = 48.57 days 2015= 45.67+ 56-54.48 = 47.19 days 2014= 43.26+ 57.73-53.13 = 47.86 days Need and Usefulness of Financial Ratios There are diverse monetary motivations to address the issues of clients. Every one of these reasons has certain reasons. Coming up next are instances of the most commonplace money related proportions utilized by various partners (Balasundaram, 2012). The components that breaking point and make troublesome the money related examination are those of bookkeeping type, for example, the correlation of the fiscal reports, the reproduction of the bookkeeping ideas, the renaming of the things as indicated by short and long haul worldly models, the absence of Information as far as normal qualities, imprecision and reformulation of ideas, window dressing impact, among others (Lead With Cash, 2010). Then again, we consider that the valuation of the budgetary expert in looking to get data for the setting of speculation and financing rules in a market or division that presents inflationary issues, makes the investigation create with twisted figures, that regardless of whether they are quelled By any strategy, there are generous contrasts in valuation and huge contradictions about whether they are rehashed through the support of monetary capital or physical capital (Sagner, n.d.). In a fascinating work, this demonstrates money related examination, albeit imperative to gain from an earlier time, is by and by inadequate in itself for genuine dynamic, since experience has indicated that circumstances of the past are not propagated. Also, this specialist includes that the examination of changes in the overall estimation of the various components of the budget summaries is incapable if there are theoretical and specialized issues (Vinturella and Erickson, n.d.). Henceforth we approach t his kind of issue to get a more prominent degree in our decisions. Confinements Another normal constraint is the scattering of the information, since it is generally just conceivable to utilize a proportion of focal propensity as the normal of the segment and this is lacking. That is the reason money related investigation at present incorporates two significant sorts of procedures in its new structure: deterioration measures and factual order models. The primary measurable strategy permits the examiner to decide how the components of a structure are disseminated to dissect the progressions that happen after some time in the structure. These deterioration measures depend on the investigation of the measure of bookkeeping data. The utilization of deterioration gauges inside the examination of the fiscal summaries is a chance to know whether the organization keeps up its structure stable after some time, or to have the option to find its shortcomings corresponding to its segment (Sagner, n.d.). CSR ltd is a recorded organization in the ASX that produces building materials and items. It was established in 1855 as a pilgrim sugar refining organization. In this report, we will break down specific proportions of this organization and contrast it and Boral ltd, an organization that is in a similar structure industry and think about how the two organizations are getting along comparable to each other (Wingard-Nelson, 2012). The proportions show that the organization is performing admirably as its proportions fall inside what the ideal proportions ought to be. Proportion FORMULAE 2014(millions) 2015(millions) 2016(millions) Net overall revenue Overall gain/Net deals 99.1/511.4=0.194 146.7/654.5=0.224 169.3/771.5=0.219 Resource turnover Deals/Total Assets 1746.6/2008.3=0.869 2023.4/2119.3=0.955 2298.8/2215.8=1.03 Current proportion Current Assets/Current Liabilities 635.5/425.2=1.49 704.9/466.3=1.51 785.7/488.8=1.61 Snappy Ratio (Cash+Accounts Receivables)/Current Liabilities (5.9+54)/425.2=0.14 (68.4+51.4)/466.3=0.26 (73.1+319.6)/488.8=0.81 Obligation Ratio All out Debt/Total Assets 851.1/2008.8=0.42 913.3/2119.3=0.43 898.6/2215.8=0.41 Money cycles This is a metric that is utilized to quantify a companys the executives viability and the general wellbeing of the organization (Wingard-Nelson, 2012). It gauges how quick money close by can be changed over into creditor liabilities and stock, through records receivable and deals and afterward once again into money. 2014 2015 2016 Stock being Current Inventory/Operating Revenue * 365 (326.4+66.1)/511.4*365=280 days (320+76.2)/654.5*365=220days (348.8+72.7)/771.5*365=199days Records Receivablesbeing Debtors/Operating Revenue * 365 (251.1+54)/511.4*365=217.7 days (268.7+51.4)/654.5*365=178.5days (319.6+51.3)/771.5*365=175.5days AccountsPayables being Creditors/Operating Revenue * 365 (195+5.4)/511.4*365=143 days (236.8+16.3)/654.5*365=141.1days (260.6+18.9)/771.5*365=132.2days Money transformation cycle= 355 days 257 days 243 days This organization should move in the direction of diminishing its money change cycle days. References Allman, K. what's more, Escobar de Nogales, X. (2015). Effect speculation. Hoboken, NJ: Wiley. Balasundaram, N. (2012). Proportion examination. [Place of distribution not identified]: Lap Lambert Academic Publ. Lead With Cash. (2010). World Scientific. Sagner, J. (n.d.). Working capital administration. Schmidlin, N. (2014). The specialty of organization valuation and budget report examination. Chichester: John Wiley Sons. Vinturella, J. what's more, Erickson, S. (n.d.). Raising enterprising capital. Wingard-Nelson, R. (2012). Percents and proportions. Berkeley Heights, NJ: Enslow Publishers.
Saturday, August 22, 2020
C - Assignment Example Initiative must build up a feeling of vision and support, move and persuade colleagues so all offer the shared objective of making hierarchical progress (Kleinwort, 2014). Jeff Bezos of Amazon is one business pioneer that been fruitful in reforming the way in which business is finished with his idea of prescient examination. Business discernment envelops working a great deal of insight and right speeds when reacting to and settling on choices in exceptional business circumstances. people with business discernment the individuals who are savvy with regards to business choices; they have the abilities of acquiring essential data in regards to circumstances in an opportune way, centering explicit goals, perceiving every single accessible option for the arrangement, choosing the most proper activities and getting under way plans of completing it. Sharpness requires the person to think in a way that centers around most basic parts, energy about potential outcomes of their activities perceiving close checking and modification of plans are essential in characterizing what's to come. A case of a pioneering character is Steve Jobs; he was effective in consolidating usefulness, accommodation and availability to give an incentive for clients in the iPad item. Cooperation includes working in a joint effort with individuals from a gathering towards accomplishing basic targets. Cooperation is an extremely fundamental component of business since more often than not partners are required to cooperate which is in some cases difficult. It approaches individuals from the group to help out each other and give productive criticism even with the contentions that may emerge because of individual contrasts (Scouller, 2011). To accomplish the vision and business objectives, pioneers should in this way have the option to develop the soul of collaboration and get individuals to have a similar vision. John Mackey has effectively developed a culture of cooperation and made huge business progress at Whole Foods
Friday, August 21, 2020
The 17 Best Acting BFA Undergraduate Programs in America By: Caroline KoppelmanA Bachelor of Fine Arts degree is ideal for students that love to act and already know they want to be actors. BFA programs are incredibly time intensive and require full focus. Generally, BFA programs have studio components. It is the most prestigious degree you can receive in arts. Although there are many BFA programs in the country, the following are the best.USCUSCâs BFA program is one of the top in the country. Students must complete USCâs general education program (8 courses) and very rigorous requirements for the BFA. The BFA program requires 34 classes, which means you will have very little free time. The primary focus is stage performance, although many past graduates have gone on to pursue careers in film and television. Students have the chance to perform in live, filmed, and recorded media. Students who want to obtain their BFA in Acting must list it as their first choice major on the Common App.UC San DiegoStudents are able to major and minor in Theatre, which will give students experience in performance, playwriting, and design. There are three theatrical productions every year. Undergrads can also audition for the graduate productions. In addition, students can stage their own work in the two cabaret spaces available on campus. Students will receive a BA in theatre, not a BFA. The major requires a total of 22 courses, leaving room for exploration in other majors. Incoming freshmen can submit an arts portfolio or audition video to enhance their application. UC San Diego has a relationship with the La Jolla Playhouse, a Tony Award winner for Outstanding Regional Theatre, and the Mandell Weiss Center for the Performing Arts. Applicants who wish to apply should submit an optional art portfolio or audition video.Boston UniversityBoston Universityâs BFA program does not require SAT or ACT for the College of Fine Arts. Students planning to pursue a BFA in Acting must take the Freshman Core Curriculum, which will provide a gre at foundation and give the professors a chance to evaluate each studentâs interests and potential. The Acting BFA specifically focuses on physical and vocal techniques and prepares students for theatre, film, or television. The BFA program is very time intensive: students can expect to take at least five courses per semester. Students will be cast in productions twice a semester starting their sophomore year and can work with affiliated theatres around Boston. Students should apply directly to the Office of Undergraduate Admissions and select the Performance BFA Core curriculum.University of MiamiMiamiâs BFA program in Acting boasts a small teacher to student ratio of 1:10 and does not have a graduate program. All of the departmentâs resources are focused on the undergraduate students who donât have to compete with graduate students for roles in performances. The program mirrors a conservatory in its approach, with intensive classes in acting, voice and speech, movement, and dance. Students who wish to receive their BFA must apply through the University of Miami.Syracuse UniversityFirst year BFA students focus on building fundamental skills. Theyâre not allowed to perform in productions, although they can learn how productions work by running crews or being the assistant stage manager. After freshman year, students have multiple opportunities to perform. There are global study opportunities in New York City, Los Angeles, and London, where students can hone their skills. There are also frequent workshops and master classes. BFA students can anticipate spending 18+ hours of class time per week to various theater arts. 30 credits are required for a BFA in Acting. Syracuseâs BFA program requires students to apply through the University.Carnegie MellonCMUâs School of Drama offers conservatory training with a core curriculum in acting, voice and speech, and movement. CMU boasts small classes with a lot of personal attention. The program is streamlined to prepare students for life as a working actor. The first year is focused on fundamentals, while the second year dives into scene study. In the third year students are introduced to different performance styles and in the fourth year students can study abroad and perform significant roles in mainstage productions. The School of Drama produces 20 productions per year. During one week of the year all School of Drama classes are cancelled and students originate and produce a festival of independent student performances. Students must apply to the School of Drama through regular Carnegie Mellon admission.Tisch School of the Arts, NYUTisch combines conservatory training with an academic curriculum, placing equal weight on both of them. When students are accepted they are placed into one of eight studios and remain in the studio for two years. The performance-based studios offer foundational classes in acting, vocal technique, dance and movement, script analysis, scene study, improvisati on, and sometimes singing. Freshmen cannot audition for shows. Students interested in Tisch need to apply to NYU through the Common App and then schedule an artistic review. An artistic review is an expanded audition that includes a conversation with an evaluator.UNC School of the ArtsUNCâs School of the Arts offers an undergraduate BFA program. Course requirements include classes in voice, movement, and acting. Students can also hone specific skills such as mask, stage combat, verse, singing, dance, and accents and dialects. The first and second years are more focused on foundational courses, with a required course in technical theater and some liberal arts courses, too. In the third year students will have a full performance schedule that builds on the previous yearâs teaching and learn classical values by studying Shakespeare. In the fourth year students will do classical and contemporary plays and at least one musical. Students are prepped in audition workshops, television a nd camera techniques, cold readings, and resume preparation. Additionally, in the spring semester students are presented in New York and Los Angeles to agents and casting directors in theater, film, and television. Students who wish to apply have to interview and audition after submitting the UNC application online. Students need a GPA of 2.5 or higher and an SAT score of 880 or an ACT score of 17.NorthwesternNorthwesternâs major in Acting in an intensive program that starts freshman year with basic voice and movement classes. At the end of the year, students select an instructor they wish to work with for the next three years. Sophomore and Junior year expand on classic techniques with âprinciples of characterizationâ and âanalysis and performance.â Students will study the Greeks, Shakespeare, and Chekhov. Senior year culminates with a study of comedy, style, contemporary scene study, and professional aspects of being an actor. Students will have the opportunity to auditi on and perform in showcases in New York and Chicago. Students who wish to attend Northwestern for Acting must apply through the Common App.University of MichiganMichigan offers a BFA in Acting that combines acting, voice, movement, and stage combat with a liberal arts education. The core acting curriculum includes acting, voice and speech, dialects, movement and stage combat classes. The BFA program requires 122 credit hours, so pursuing a second degree will often require a 5th year. The Michigan Theatre Department has five mainstage productions every year. Prior to being invited to audition, students must complete the Michigan application on the Common App.UCLAUCLA offers a BA in Theater through the School of Theater, Film and Television. It is not a conservatory training, but a well rounded education with half of the studentâs classes in subjects other than theater. The undergraduate acting BA starts sophomore year with a minimum of 6-quarter related performance classes and cons ist of acting, voice, speech, and movement classes.California Institute of the ArtsThe CalArts BFA program prepares students for all forms of media with classes in acting, voice, speech, movement, and theatrical production. In the first year students focus on significant American texts, while in the second year they focus on classical text in performance. In the third year students engage in modern classics in addition to contemporary and world dramatic literature. There is also time devoted to on-camera technique and advanced scene study. In the fourth year time is devoted to preparing for practical application for a career in performance.SUNY Purchase Conservatory of Theatre ArtsThe BFA program is four years of voice, speech, movement, dramatic structure, history of theatre, stage combat, performance improvisation, mask work, acting for camera, makeup, and audition technique. The first two years of the program are focused on inner development, while the third and fourth years are focused more on applying skills to performance. In the fourth year, seniors are presented to agents, producers, and casting directors in New York and Los Angeles.Rutgers UniversityThe Rutgers BFA program offers small class sizes and core classes in acting, voice, speech, and movement as well as electives in script analysis, dialects, and acting for camera. Rutgers is a 3.5 year program. Rutgers sets itself apart with the option of spending the third year at Shakespeareâs Globe in London. The first year focuses on exploration, improvisation, and discipline, while the second year is about form, expansiveness, and text. In the third year, students have the opportunity to go to London. In year 3.5 students focus on integration, transition, and professional placement. Rutgers takes into consideration your grades and scores when evaluating your application.Emerson CollegeEmersonâs BFA program begins with a two year core. In the third year, students have to audition to be in the BFA pr ogram for Junior and Senior year. Those who get accepted spend their Junior and Senior year in structured training, which is an expansion of the core. BFA students may use elective credits to participate in the L.A. summer program. Emerson requires students to submit their grades and scores as part of their application process in addition to their audition.DePaulDePaulâs BFA program honors the Chicago tradition and emphasizing physicality, truth in action, communication, collaboration, and spontaneity. It is a comprehensive four year program that incorporates acting, movement, voice, and speech. The first year is about self exploration as well as exploration into the world of acting. The second year is focused on building technique with an emphasis on scene study and text analysis. Second year students are also cast in performances. In the third year students focus on classical texts and work to further build upon techniques theyâve learned in previous years. Every third year student is cast in the public season, which is a mix of contemporary, classical, childrenâs theatre, musicals, or new works. In the fourth and final year, the BFA program prepares the students to transition into the real world and casts them in more productions. Students must apply through the Common App before scheduling an audition. DePaul is test optional.JuilliardJuilliard is regarded as the best BFA program in America. It is a four-year conservatory program with intensive classes in acting, movement, voice, and more. BFA students and MFA (graduate) students work together. It is incredibly competitive and accepts 8 to 10 students per year. Applicants are assessed based on an essay, the application, a transcript, test scores, and the audition.
Monday, May 25, 2020
Polonium (Po or Element 84) is one of the radioactive elements discovered by Marie and Pierre Curie. This rare element has no stable isotopes. Its found in uranium ores and cigarette smoke and also occurs as a decay product of heavier elements. Although there arent many applications for the element, it is used to generate heat from radioactive decay for space probes. The element is used as a neutron and alpha source and in anti-static devices. Polonium has also been used as a poison to commit assassinations. Although the position of element 84 on the periodic table would lead to categorization as a metalloid, its properties are those of a true metal. PoloniumBasic Facts Symbol: Po Atomic Number: 84 Discovery: Curie 1898 Atomic weight: [208.9824] Electron configuration: [Xe] 4f14 5d10 6s2 6p4 Classification: semi-metal Ground level: 3P2 Polonium Physical Data Ionization potential: 8.414 ev Physical form: Silvery metal Melting point: 254Ã °C Boiling point: 962Ã °C Density: 9.20 g/cm3 Valence: 2, 4 References: Los Alamos National Laboratory (2001), Crescent Chemical Company (2001), Langes Handbook of Chemistry (1952), CRC (2006)
Thursday, May 14, 2020
Over half of the worldÃ¢â¬â¢s population uses technology for their everyday routine. In American Greed, the hacker Albert Gonzalez takes technology to a complete other level. Albert would hack with his computer into different retailer systems, and he would steal credit card numbers to sell them on the black market making a heavy amount of cash to keep. Albert Gonzalez was a nobody in the real universe, but on the internet he was a true evil genius that made a killing with other people s hard earned money with just a click of a button. Albert Gonzalez mainly grew up in south Florida. He became interested in computers when he welcomed his first one at the age of twelve. Albert was obsessed with his computer, and his grades started dropping in school. He merely went to a community college for half a semester then dropped out. Albert moved to New York and got a job with a company called dot-com. The I.T. Tech company called Siemens had Albert working for them as well, but the company m oved to Pennsylvania and he didnÃ¢â¬â¢t go with them. Albert was jobless and set about taking drugs. A great reason everyone trusted Albert is he worked with the secret service to help catch hackers on the black market. The only part was that Albert was working both sides. When he worked for the service he was taught material he never knew about. The material would help him turn a better hacker to still earn money off the black market for himself. Ã¢â¬Å"Once a hacker, always a hackerÃ¢â¬ the best mode toShow MoreRelatedTechnology And Its Effects On Our Lives1402 Words Ã |Ã 6 PagesEveryday technology is manipulated and used by many people around the world. Technology describes the usage of technical means to interact with life, society, and environment, through an electronical device that is applied by science. 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Wednesday, May 6, 2020
1.0 Strategic Leadership Styles Strategy is the direction and scope of an organisation over the long-term: which achieves advantage for the organisation through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfill stakeholder expectations. (Johnson and Scholes, 1999) 1.1 Strategic leadership is demonstrated when a leader knows effective efficient leverage of Strategic Human Resource Management (SHRM) to deliver the corporate strategy (Schuler and Jackson, 2005; 2007, Stroh and Caligiuri, 1998, Hendry and Pettigrew, 1986) while aligning the needs interests of the stakeholders internal (employees/managers), connected (financers, customers those in the supply chain) external (Media, Government, unions, local communities professional bodies) We will examine the late Apple CEO Steve JobsÃ¢â¬â¢ leadership styles role, strengths weaknesses at different levels of Business Success defined by Bill McBean (2012); also briefly illustrate some of the relevant theories relating to drivers of job performance, Strategic Human Resource Management (SHRM) models, qualities exhibited by him. McBean (2012) states that there are 5 levels (L1-L5) of business success for every successful business owner or leader (see diagram 1-0). Success at different levels requires different strategies resources, set of actions leadership abilities. 1.2 Steve JobsÃ¢â¬â¢ Leadership styles at different Levels of Business Success With an
Tuesday, May 5, 2020
Question: Write a Literature on Challenges of Managing Global Teams. Answer: Introduction: With the inception of globalization changes is witnessed in almost all areas of businesses. Companies are addressing all these challenges associated with globalization by conducting a reconsideration of their conventional ways of performing the responsibilities (Jones and George 2015). For that reason, many global companies are developing teams with individuals from different geographical region. People coming from different ethnic and racial background need to work within one roof for the fulfilment of the organizational goals and objectives. It has created major challenges for the managers in handling all the members working within the same team. There are several factors including language differences, communication problem, misunderstanding and cultural differences that can have greater impact on the overall bonding of the team. It has induced managers to identify the areas of conflict to intervene in such a way so that it can create maximum team efficiency (Reiche, Mendenhall an d Stahl 2016). Global teams are developed to enhance the efficiency level of the organization so that it can able to achieve sustainable growth in the market. Effective utilization of global teams can actually provide new dimension to the overall performance level of a team. On the other hand, it can also create several challenges within the work culture that might create adverse impact on the overall efficiency level. This study will highlight the core challenges associated with the global teams so that management can be ready to handle any type of unpleasant situation. This study will discuss concepts and perspectives highlighted by several authors in order to highlight the significance of maintaining global teams appropriately. Project Objective: In order to evaluate the challenges associated in managing global teams, the study will focus on following objectives: To provide in-depth overview about the concepts of managing global teams To highlight the prime reasons for the businesses to use several global teams simultaneously To identify all the challenges for the managers in handling a global team efficiency within a corporate structure To highlight the gap after evaluation of different previous literatures related with handling global teams Project Scope: In the present competitive business environment, every business is looking to expand their reach across geographical boundaries. Almost all the multinational organizations have recruited people from all across the globe for performing all the requirements associated with the operational procedure (Mendenhall 2012). Therefore, organizations do not have any other options than to concentrate on utilizing of global teams. This study will have the opportunity to evaluate the overall concepts of global teams along with proper identification of pros and cons associated with it. The study will also have the scope to highlight several strategies initiated by managers from different multinational organizations for fulfilling all the organizational goals and objectives. It can also provide the best possible way to use global teams for accomplishing all the operational responsibilities. Thus, the development of literature review section will help to enhance the overall quality of the information provided in the research study. Literature Review: Previous literature review: In this specific article, Choices, Challenges, and Career Consequences of Global Work Experiences: A Review and Future Agenda published by Shaffer et al. (2012), the author has highlighted future aspects of managing global teams for achieving business goals and objectives. The article have mentioned that the recruitment of global employees have increased at a significant rate over the past 20 years. The study has highlighted the way individuals opt for global careers for fulfilling their professional goals and objectives. The concept of expatriate has become very popular in recent times, as organizations are looking to send their best employees to perform global responsibilities. Considering the difficulty level in handling repatriation and expatriation, many companies have concentrated on developing global skills for performing overseas responsibilities. This study has examined the challenges, choices and consequences for handling different types responsibilities associated with glo bal responsibilities. For that reason, the study has emphasized on utilizing proper training and development facilities for the managers so that they can able to handle all the provided responsibilities in an appropriate manner. The study has mentioned the significance of understanding different views and perspectives of individuals coming from different geographical, cultural and educational background at the time of developing appropriate coordination within the global team. The study has also classified the overall global work experience of the employees in different categories so that it can able to highlight all the challenges associated in maintain global teams for operational efficiencies. The study has highlighted the factors like stress, identity transformation, career transformation that can work as major internal influences to perform all their roles and responsibilities. On the other hand, economical and political pressure is highlighted as the prime external factors tha t induce businesses to use global teams for performing all the global responsibilities. Overview of global teamwork: Global teamwork refers to a group that includes people from different parts of the globe. Thus, global team inevitably requires appropriate participation of the people from different parts of the globe. Without the appropriate participation, it will be extremely difficult for any team to accomplish all the necessary goals and objectives (Boussebaa, Morgan and Sturdy 2012). Due to globalization, it has become a norm for any multinational organization to use employees from different geographical backgrounds. However, many studies have highlighted the fact that managers need to have in-depth skills in understanding the culture and background of the customers in an effective way. As per the article by Daim et al. (2012), utilization of global team will allow organizations to use cultural diversity for enhancing the efficiency level of the operational procedure. Multinational organizations like Coles and JB HI FI often create market research team for assessing the needs and wants of the c ustomers. Similarly, it is essential to utilize personal sessions with all the employees for understanding their perspectives in an effective way. According to Erez et al. (2013) diverse group is likely to develop broad range of ideas, expertise and knowledge, which will eventually increase the efficiency of the operational procedure. For instance, Microsoft always focus on providing opportunities to the employees to share their thoughts and ideas in the brain storming sessions for accomplishing all the business goals successfully. In addition, many businesses have used outsourcing strategy for accomplishing their operational goals. As a result, it has induced employees of an organization to deal with employees from other countries on regular basis. Hence, utilization of proper communication network is critical for the advance utilization of global teams. When employees are from different geographical and cultural background, leaders will have to be flexible enough with their initiated strategies for accomplishing the desired goals and objectives. Diversity in the initiated roles and responsibilities are likely to bring greater control over managing a particular team. As stated by Kim and McLean (2012) organizations need to be innovative with their delivery of products and services for remaining competitive in the global market. Thus, inclusion of global teams is likely to generate idea that is more creative, thoughts and perspectives, which will definitely increase the overall efficiency in a major way. However, global teams can also create several challenges in performing all the provided responsibilities. Therefore, managers will have to be extremely careful at the time of initiating strategies to perform operational responsibilities. Importance of managing global teams for operational efficiency: Before assessing the challenges associated with managing global teams, it is critical to highlight the necessity of using it. As stated by Boutellier, Gassmann and Von Zedtwitz (2013) almost all the prime organizations across different sector have developed branches or offices in different parts of the globe. As a result, they have to recruit people from all these countries to perform all the responsibilities associated with the operational procedure. Utilization of global teams has allowed organizations to develop innovative strategies and decisions for maintaining the competitive advantage in the global market. For that reason, leaders also have to possess enough knowledge and skills to handle employees from all possible background. As illustrated by Zander, Mockaitis and Butler (2012) global leadership reflects a process of leading independent people from different cultural, geographical and educational background. Traditionally, many multinational corporations have concentrated o n differentiating strategies for maximizing the output of the team. In todays complex business environment, majority of the global team management strategies aims to create proper coordination among all members of the team. As per the article by Bannerman, Hossain and Jeffery (2012) inclusion of different background employees can allow organization to deal with global customers on regular basis. In the present competitive globe, all the businesses have to deal with different customers from all across the world. Now, utilization of global team will help organizations to understand the perspectives of the customers in an appropriate way. As a result, it will help organizations to create strong bonding with the customers, which will eventually create positive impact on the loyalty level (Stahl et al. 2012). Now, maintaining the loyalty level of the customers is critical for any business for achieving sustainable growth in the competitive market. In addition, inclusion of global team will help organizations to understand economic and political condition of different economies in an appropriate way (Lilian 2014). The legal guidelines are also different for different economies, which can create challenges in performing all responsibilities of the operational procedure. Therefore, inclusion of employees from different background is likely to provide assistance to the organization in avoiding any type of unnecessary activities. Thus, it has highlighted the fact that maintenance of global team is essential for achieving continues success in the global market. Challenges of business managers while managing global team: Pinjani and Palvia (2013) have highlighted the fact that several challenges or obstacles are associated with the global team. Therefore, all the managers will have to focus on identifying all the relevant challenges in such a way so that it cannot able to create adverse impact on the operational performances. Firstly, lack of trust between each other within the group can be regarded as major challenge in developing global team. As per the article by Klitmller and Lauring (2013), trust is essential to develop strong bonding among each other, which will eventually reduce the possibility of unproductive conflict within the team. Mutual trust is essential to cover all the basis of any group, which will resulted into maximum output at workplace. In the absence of mutual trust, all the team members can shy away from each other, which eventually resulted into adverse impact on the performances. Secondly, communication barrier is another prime concern that global teams will have to deal with in an effective way. People from different geographical locations will have different languages as their mother tongue (Morgan, Paucar-Caceres and Wright 2014). Therefore, they obviously feel more comfortable in speaking their preferred languages, which can create differentiation within the group. Moreover, Muethel, Gehrlein and Hoegl (2012) have highlighted the fact that people living in different locations possess different values, beliefs and perspectives. As a result, they often choose different ways to express their thoughts and beliefs. Now, managers will have to understand these differences at the time of initiating any strategies. Otherwise, it can create significant amount of adverse impact on the performance level. The communication barriers also have to include challenges associated improper understanding of non-verbal communication. Recently, Woolworths has faced several challenges in initiating similar rule in all their branches, which have affected the overall efficiency of the operational procedure. Several studies have mentioned that proper understanding of non-verbal communication is essential element to develop effective groups within the workplace. However, people from different geographical locations often posses different body language that can create conf usion within the work place. As described by Pirkkalainen and Pawlowski (2014) cultural barriers is another prime factor that can have major impact on the team performance level. Here, management will have to evaluate the cultural difference from the perspective of power distance, uncertainty avoidance, musicality and orientation of people coming from different cultural background. Thus, development of proper global team depends on effective minimization of these challenges for accomplishing organizational goals and objectives. Impact of global teamwork in business expansion: Globalization has emerged as revolutionary concept that changed the business process completely. It has allowed overcoming the challenges associated with conducting business in overseas countries. Moreover, increasing reach of internet and technological advancement has transformed the way all the activities are conducted within the operational procedure. It has allowed businesses to maintain complex operational procedure for fulfilling all the business goals and objectives (Galliers and Leidner 2014). However, with the inclusion of complex operational process, every organization has focused on recruiting specialized people for all the activities associated with the operational procedure. For instance, retail giants like Tesco and Wal-Mart have included employees from different section of the globe so that they do not have to sacrifice with the quality of the resources. Therefore, they had no other option than to recruit suitable individual from all across the globe. Now, utilization of global people will allow multinational organizations to establish its presence in the targeted market respectfully. People from different countries will able to connect with the offered products and services psychologically. As a result, people will tend to purchase the offered products or services on a much more frequent manner. Taras et al. (2013) have mentioned the fact that organizations will have to use global teams for developing strong customer service team. It is likely that diversified workforce will able to understand the perspectives of customers from different committees in an appropriate manner. As a result, it would increase the quality of the provided solutions. Therefore, it is likely to keep customers happy and satisfied with the provided quality of products and service. Literature gap: The above evaluation has highlighted the fact that appropriate utilization of global teams is essential for accomplishing all the business goals and objectives. It has mentioned the way global teams is likely to enhance the revenue level of the organization. However, the study has also highlighted different challenges associated with the development of global teams. However, there is no specific ways has been developed for avoiding such challenges for the effective fulfilment of organizational goals and objectives. The previous studies also have not considered the way business environment has changed over the past few years in a significant manner. Moreover, the kind of impact inclusion of indigenous people will have on the efficiency level of a global team. Therefore, there are many scopes to conduct research activities for identifying the best possible way to handle challenges associated with managing global teams. Conclusion: Managing of global teams has emerged as one of the prime challenges for the managers for ensuring continues growth in the global market. Over the years, several organizations have developed different strategies for keeping the diversified workforce happy and satisfied with the provided roles and responsibilities. However, managers in different multinational organizations will have to acquire different skills and knowledge for handling employees from different geographical and cultural background for long period of time. The leaders will have to focus on assessing the way people from different geographical region communicates with each other. It will allow the managers to identify the best possible way to transfer information in an appropriate way. In addition, managers will also have to provide special attention to all the employees so that they do not feel neglected within the workplace. 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