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      <title>Visual Journal by Annmarie Romano</title>
      <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9</link>
      <description>MAN2021: Principles of Management</description>
      <language>en-us</language>
      <pubDate>2023-01-13 20:13:24 UTC</pubDate>
      <lastBuildDate>2025-06-09 19:37:30 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
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      <item>
         <title>Module One </title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2444047674</link>
         <description><![CDATA[<div>Fayol was a management theorist in 1949 he identified 5 primary management functions: 1. forecast and plan,&nbsp;<br>2. organize,<br>3. command,<br>4. coordinate,&nbsp;<br>5. control.<br>Since then, management theorists have built upon and refined Fayol’s 5 functions. The areas of “command” and “coordinate” were combined to form a new function titled "leading". Today's key functions of management are listed:</div><ul><li>Planning</li><li>Organizing</li><li>Leading</li><li>Controlling.</li></ul><div>Different types of managers are considered as the following :<br>a.)Top Level Executives who hold titles like CEO, CFO, and CCO.&nbsp;<br>b.)Middle Managers who hold titles like:<br>General Manager, Department Heads, Directors, and Chief Supervisors.&nbsp;<br>c.)First Line Management has titles like an Assistant manager, Forman, Shift Lead, and Section Chief.<br>d.)Team Leads are managers with specific tasks. </div><div><br></div>]]></description>
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         <pubDate>2023-01-13 20:43:27 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2444047674</guid>
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      <item>
         <title>Module One. Managment types and thier roles:</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2444048167</link>
         <description><![CDATA[]]></description>
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         <pubDate>2023-01-13 20:44:03 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2444048167</guid>
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      <item>
         <title>Module one: Managment Skills</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2444052599</link>
         <description><![CDATA[<div>technical, conceptual, and human skills are all needed to be an effective manager. As a manager moves up the organizational ladder, he or she may find that success requires fewer or different technical skills and a heavier reliance on interpersonal and human skills.</div>]]></description>
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         <pubDate>2023-01-13 20:51:06 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2444052599</guid>
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         <title>In my spare time, I try to keep up with my three shadows, most of my time and money are invested in making them happy complete shadows. I also consider myself thoroughly prepared for this class with many pencils, scratch paper, and most importantly, my eraser.</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2446438993</link>
         <description><![CDATA[]]></description>
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         <pubDate>2023-01-17 07:21:00 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2446438993</guid>
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      <item>
         <title>Module 2 Corporate Social Responsobility:</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460691578</link>
         <description><![CDATA[<div>Many organizations promote their CSR efforts as a way of shaping public perceptions, attracting customers, and building goodwill with stakeholders.&nbsp;<br><br>Corporate social responsibility (CSR) refers to actions businesses take or refrain from taking based on the impact of those actions on the external environment and community. Areas of CSR include environmental concerns (green business), poverty, human rights, and animal rights.&nbsp;<br><br>When we refer to “business ethics” we are referring to the culture, attitudes, or actions governing “right vs. wrong.” Most organizations have a formal code of ethics that guide the decisions and actions of the company.&nbsp;</div>]]></description>
         <enclosure url="" />
         <pubDate>2023-01-30 01:10:21 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460691578</guid>
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      <item>
         <title>Module 2 Sustainability:</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460692095</link>
         <description><![CDATA[<div>a sustainable corporation is one that can sustain its current activities without adding to the world’s environmental problems.</div>]]></description>
         <enclosure url="" />
         <pubDate>2023-01-30 01:11:06 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460692095</guid>
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         <title>Module 2 Business Ethics:</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460700010</link>
         <description><![CDATA[<div>Why is the study of ethics important? Given all the things that a student of management needs to learn, why include ethics? In this module, you’ll begin to understand just how much of an impact the decisions that businesses make can have on society.</div><div>Corporate fraud can create negative consequences that not only harm individuals but also ultimately lead to the economic downfall of a nation. Managers must prevent harm by understanding what is considered ethical behavior, by being committed to making ethical decisions, and by encouraging stakeholders to take ethical actions. Exhibiting good ethics not only protects the external constituents of a company but also members of the organization.<sup>(3)</sup></div><div>Ethics is defined as principles of conduct or moral behavior. <strong>Business ethics</strong> is ethics as it relates to the conduct or behavior of the members of a business organization. The need for ethics in business is twofold. First, it prevents the external constituents of an organization (i.e., the public, other organizations, and the environment) from being harmed. Second, it benefits the organization internally by helping to ensure its success.<br><br>Good business ethics involves, but is not limited to, adhering to laws, regulations, and standards related to fair employment, product safety and quality, truthful advertisement, and environmental responsibility.<br>A positive reputation creates a buffer, a “halo” effect, where customers, suppliers, and regulators are slower to judge a company. Employees’ morale is better in ethical companies, and new employees are easier to hire. An ethics program also gives company stock prices an edge</div>]]></description>
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         <pubDate>2023-01-30 01:21:57 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460700010</guid>
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         <title>Module 2 WELLS FARGO Fraud:</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460704620</link>
         <description><![CDATA[<div>Congress passed the <strong>Sarbanes-Oxley Act</strong> in 2002 to impose sanctions on executives who commit unethical acts in financial reporting and to protect employees who report fraud. In addition, business schools have increased their focus on informing students of ethical/unethical acts, and more individuals and organizations have filed lawsuits against companies involved in fraud, regardless of whether senior executives are aware of the unethical acts committed.<sup>(4)<br><br></sup>The bank <strong>opened at least 3.5 million fraudulent accounts for unwitting customers</strong>, according to researchers at the Harvard Business School. This and other issues have led the government to fine the bank repeatedly.<br><br>https://www.cnbc.com/video/2022/10/19/the-rise-and-stall-of-wells-fargo.html<br><br></div>]]></description>
         <enclosure url="https://www.congress.gov/107/plaws/publ204/PLAW-107publ204.pdf" />
         <pubDate>2023-01-30 01:27:44 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460704620</guid>
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      <item>
         <title></title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460706430</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://www.cnbc.com/video/2022/10/19/the-rise-and-stall-of-wells-fargo.html" />
         <pubDate>2023-01-30 01:30:39 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460706430</guid>
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         <title>Module 2 Unethical behavior from corporate employees sentencing guidelines:</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460710264</link>
         <description><![CDATA[<div>Even when an employee’s actions go against company policy, the company can be held legally responsible, despite its best efforts to prevent unethical behavior. For example, if an employee uses the account information of bank customers to steal money from them, the bank would be held responsible. The most common offenses related to companies include fraud, hazardous waste discharge, tax evasion, antitrust offenses, and food and drug violations.</div><div>Punishment for corporate offenses is governed by chapter eight of the Federal Sentencing Guidelines for Organizations. These guidelines were designed to enhance two purposes of criminal sentencing: “just punishment” and “deterrence.” The guidelines apply to corporations, partnerships, nonprofit entities, government bodies, trusts, labor unions, and pension funds.</div><div>They govern only sentencing for felonies and serious misdemeanors.<br><br><br><br></div>]]></description>
         <enclosure url="https://www.ussc.gov/guidelines/2018-guidelines-manual/2018-chapter-8" />
         <pubDate>2023-01-30 01:36:51 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460710264</guid>
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      <item>
         <title>Module 2 : A model of Corporate good citizenship! </title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460714421</link>
         <description><![CDATA[<ul><li>https://www.pepsico.com/our-stories/story/pepsico-named-to-100-best-corporate-citizens-list#:~:text=PepsiCo%20ranks%20first%20among%20food,(ESG)%20transparency%20and%20performance.</li><li><br></li><li>Establish standards and procedures to prevent and detect criminal conduct, which starts with a code of ethics or statement of values.</li><li>Senior management must be knowledgeable about the compliance and ethics program as well as oversee its implementation and make reasonable efforts to ensure its effectiveness.</li><li>Make reasonable efforts to exclude any individual who has committed an illegal act or engaged in other activities inconsistent with a compliance and ethics program from substantial authority in the organization.</li><li>Periodically communicate the aspects of the compliance and ethics program to its members by conducting training programs and disseminating relevant information.</li><li>Ensure that the program is followed by (1) monitoring and auditing activities to detect criminal conduct, (2) periodically evaluating its effectiveness, and (3) employing systems that allow for anonymity or confidentiality if employees want to report criminal conduct without fear of retaliation. A common practice is a whistleblower hotline.</li><li>Promote and enforce the program by offering incentives for performance in accordance with the program and instituting disciplinary measures for engaging in or failing to take reasonable steps to prevent/detect criminal conduct.</li><li>Respond to criminal conduct and take steps to prevent future and similar offenses when criminal conduct has been detected.</li></ul><div><br></div><div><br></div>]]></description>
         <enclosure url="https://hbr.org/2020/03/becoming-a-better-corporate-citizen" />
         <pubDate>2023-01-30 01:43:26 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460714421</guid>
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         <title>Module 2 : Degree of importance of an ethical dilemma in Business:</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460718903</link>
         <description><![CDATA[<div><strong>Ethical intensity is the degree of importance of an issue for an individual or group</strong>. The factors that determine ethical intensity include:</div><ul><li>Magnitude or significance of the consequences</li><li>Concentration of effect or the number of people affected</li><li>Proximity of the decision maker to the victim or beneficiary of the decision</li><li>Probability that the decision implemented will lead to the predicted consequence</li><li>Social consensus that a proposed decision is negative or positive</li><li>Temporal immediacy or the elapsed length of time between when a decision is made and when the resulting consequences occur</li></ul><div>The significance of the consequences refers to the total harm or benefit that follows from the decision</div>]]></description>
         <enclosure url="https://media4.giphy.com/media/SRkvcNk9BIeAX2gCFX/giphy.gif" />
         <pubDate>2023-01-30 01:49:27 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460718903</guid>
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         <title></title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460720338</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://www.youtube.com/watch?v=IwK-CshmH7M" />
         <pubDate>2023-01-30 01:51:26 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460720338</guid>
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         <title>Module 2 The 7 Principles of Ethical decision making </title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460726993</link>
         <description><![CDATA[<div>1. Legal and regulatory requirements set the minimum standard for behavior<br>2. Long-term self-interest means the pursuit of outcomes that will benefit the self in the long run. For example, a company must make choices to ensure its continued existence.&nbsp;<br>3. Personal virtue refers to conformity to a standard of righteousness. You should make choices that are honest and truthful individually. The good of the company does not justify lying.<br>4.&nbsp; Utilitarianism seeks the greatest benefit for the maximum number of people. This is often difficult to judge over large groups of people.<br>5. Individual rights are related to the freedom to act and think without punishment through regulatory, legal, or societal means.<br>6. Distributive justice is the fairness of the outcomes. That is, how are the benefits shared or distributed among the individuals in a group?<br>7. Religious injunction is the main moral and ethical guide for many people.</div><div><br></div><blockquote><strong>In addition to establishing a code of ethics, hiring ethical employees, and protecting whistleblowers, key aspects of senior management’s role in fostering ethical decisions and behavior in any organization include planning, implementing, and communicating the specifics of an ethics program.&nbsp;<br></strong>The responsibilities of senior management in modeling ethical behavior include the following:<ul><li>Act ethically and be seen to act ethically.</li><li>Be active in the ethics program. For example, introduce the ethics training or be the person to speak.</li><li>Encourage employees to raise issues.</li><li>Address ethics issues.</li><li>Enforce the ethics program, such as by punishing violators.</li></ul></blockquote>]]></description>
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         <pubDate>2023-01-30 02:00:52 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2460726993</guid>
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         <title>Module 3 GLOBAL ORGANIZATIONS</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486915038</link>
         <description><![CDATA[<div>A <strong>global organization</strong> is any organization that competes outside its native country. <strong>Globalization</strong> is the process by which the exchange of goods, services, capital, technology, and knowledge across international borders becomes increasingly interconnected.<br><strong>Pros and Cons</strong></div><blockquote>Globalization creates new opportunities for businesses to increase profits by expanding markets and by allowing wider access to resources. On the other hand, globalization also opens domestic markets to new competitors, decreasing demand for local products.</blockquote><div><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2023-02-18 03:03:04 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486915038</guid>
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         <title></title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486917308</link>
         <description><![CDATA[]]></description>
         <enclosure url="http://image1.slideserve.com/1953574/global-trade-agreements-n.jpg" />
         <pubDate>2023-02-18 03:10:06 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486917308</guid>
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         <title></title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486918037</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://i.pinimg.com/originals/10/7b/fb/107bfb4fa615e3b965df5172152243c2.png" />
         <pubDate>2023-02-18 03:12:52 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486918037</guid>
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         <title></title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486920109</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://www.wto.org/" />
         <pubDate>2023-02-18 03:19:46 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486920109</guid>
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         <title></title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486920551</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://www.history.com/topics/world-war-ii/united-nations" />
         <pubDate>2023-02-18 03:21:21 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486920551</guid>
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         <title></title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486921411</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://hbr.org/2020/09/global-supply-chains-in-a-post-pandemic-world" />
         <pubDate>2023-02-18 03:24:17 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486921411</guid>
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         <title> Today, competitiveness is based more on the ability to keep up with rapid technological and organizational changes</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486923257</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://telecomdrive.com/how-singapore-is-moving-towards-an-innovation-led-economy/" />
         <pubDate>2023-02-18 03:30:05 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486923257</guid>
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         <title></title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486924921</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://www.globeproject.com/" />
         <pubDate>2023-02-18 03:34:09 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2486924921</guid>
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      <item>
         <title>Module 4 planning</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534367206</link>
         <description><![CDATA[<div><strong>four management functions</strong>—planning, organizing, leading, and controlling—planning is usually the first step.<br><br><strong>Planning is the process of setting goals and defining the actions required to achieve the goals</strong>. Planning begins with goals. <strong>Goals</strong> are derived from <strong>vision</strong> and <strong>mission</strong> statements<br><br>The organization is affected by conditions in its <strong>external environment</strong>—competitors, laws, availability of resources, etc.—and its <strong>internal conditions</strong>—the skills and experience of its workforce, its equipment and resources, and the abilities of its management. These conditions are examined through a process called a <strong>SWOT Analysis</strong>. Together, the vision and mission statements and the results of the situation analysis determine the goals of the organization.<br><br>The mission, vision, and values of a company, along with a situation analysis, serve to help a company set goals.</div><div>Once the goals are defined, the remainder of the planning process outlines how the goals are to be met. This includes determining what resources will be needed and how they can be obtained, defining tasks that need to be done, creating a schedule for completing the tasks, and providing milestones&nbsp;</div>]]></description>
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         <pubDate>2023-03-28 04:14:27 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534367206</guid>
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         <title>Module 4 Planning Types of budgeting</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534369074</link>
         <description><![CDATA[<ul><li><strong>Financial</strong> budgets include balance sheets, income/expense statements, and statements of cash flow.</li><li><strong>Operating</strong> budgets project revenue against expenditures.</li><li><strong>Nonmonetary</strong> budgets allocate resources, such as labor, workspace, and equipment use.</li><li><strong>Fixed</strong> budgets are budgets that do not change with increased or decreased activities, such as sales revenue. They are also called static budgets.</li><li><strong>Flexible</strong> budgets will vary with the level of activity (grow or be reduced according to changing conditions).</li></ul><div><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2023-03-28 04:16:29 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534369074</guid>
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         <title>Management by objectives, or MBO</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534374191</link>
         <description><![CDATA[<div>a manager and an employee:</div><ul><li>Jointly set goals and objectives for a period.</li><li>Together plan tasks that the employee performs with the support of management.</li><li>Agree on the standards for evaluating performance of the task.</li><li>Regularly meet to review progress.</li></ul><div><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2023-03-28 04:22:11 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534374191</guid>
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         <title>SMART stands for specific, measurable, achievable, realistic, and time-bound. The SMART goal pairs well with MBO theory by:Providing incentives to employees by rewarding them when they meet key goals.Empowering employees by allowing them to set their own objectives for achieving their individual goal.Communicating honestly about what went well and what did not go well, and focusing on developing the missing skills.</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534375215</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2023-03-28 04:23:16 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534375215</guid>
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         <title>PESTEL ANALYSIS</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534379740</link>
         <description><![CDATA[<div>Political&nbsp;<br>Economical&nbsp;<br>Social&nbsp;<br>Technological&nbsp;<br>Environmental&nbsp;<br>Legal</div>]]></description>
         <enclosure url="" />
         <pubDate>2023-03-28 04:28:19 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534379740</guid>
      </item>
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         <title>Porters 5 Analysis</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534381983</link>
         <description><![CDATA[<div>Porter's model can be applied to any <a href="https://www.investopedia.com/terms/s/segment.asp">segment</a> of the economy to understand the level of competition within the industry and enhance a company's long-term profitability. The Five Forces model is named after Harvard Business School professor, Michael E. Porter.<br><br></div><div>Porter's 5 forces are:<br><br></div><ol><li>Competition in the industry</li><li>Potential of new entrants into the industry</li><li>Power of suppliers</li><li>Power of customers</li><li>Threat of substitute products<br>1</li></ol><div>KEY TAKEAWAYS</div><ul><li>Porter's Five Forces is a framework for analyzing a company's competitive environment.</li><li>Porter's Five Forces is a frequently used guideline for evaluating the competitive forces that influence a variety of business sectors.</li><li>It was created by Harvard Business School professor Michael E. Porter in 1979 and has since become an important tool for managers.</li><li>These forces include the number and power of a company's competitive rivals, potential new market entrants, suppliers, customers, and substitute products that influence a company's profitability.</li><li>Five Forces analysis can be used to guide business strategy to increase competitive advantage.</li></ul>]]></description>
         <enclosure url="https://www.investopedia.com/terms/p/porter.asp" />
         <pubDate>2023-03-28 04:30:44 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534381983</guid>
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         <title>SWOT Analysis</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534386623</link>
         <description><![CDATA[<div>SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to evaluate a <a href="https://www.investopedia.com/ask/answers/020515/how-do-i-determine-my-companys-competitive-advantage.asp">company's competitive position</a> and to develop strategic planning. SWOT analysis assesses internal and external factors, as well as current and future potential.<br><br></div><div>A SWOT analysis is designed to facilitate a realistic, fact-based, data-driven look at the strengths and weaknesses of an organization, initiatives, or within its industry. The organization needs to keep the analysis accurate by avoiding pre-conceived beliefs or gray areas and instead focusing on real-life contexts. Companies should use it as a guide and not necessarily as a prescription.<br><br></div><div>KEY TAKEAWAYS</div><ul><li>SWOT analysis is a strategic planning technique that provides assessment tools.</li><li>Identifying core strengths, weaknesses, opportunities, and threats leads to fact-based analysis, fresh perspectives, and new ideas.</li><li>A SWOT analysis pulls information internal sources (strengths of weaknesses of the specific company) as well as external forces that may have uncontrollable impacts to decisions (opportunities and threats).</li><li>SWOT analysis works best when diverse groups or voices within an organization are free to provide realistic data points rather than prescribed messaging.</li><li>Findings of a SWOT analysis are often synthesized to support a single objective or decision that a company is facing.</li></ul>]]></description>
         <enclosure url="https://www.investopedia.com/terms/s/swot.asp" />
         <pubDate>2023-03-28 04:35:46 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534386623</guid>
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         <title>Module 4</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534396863</link>
         <description><![CDATA[<div>https://strategicmanagementinsight.com/tools/vrio/</div>]]></description>
         <enclosure url="https://strategicmanagementinsight.com/tools/vrio/" />
         <pubDate>2023-03-28 04:46:27 UTC</pubDate>
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         <title>Module 4</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534403710</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://www.mindtools.com/azb8kpl/porters-generic-strategies" />
         <pubDate>2023-03-28 04:52:36 UTC</pubDate>
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         <title>Module 4</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2534409232</link>
         <description><![CDATA[<div>Step One: Strategic Objectives and Analysis</div><div>You start by reviewing the mission statement to ensure that your strategy is focused appropriately: “We save people money so they can live better.” You will want to make sure that your strategy is consistent with this vision.</div><div>Next, you will move to an external analysis of the business environment using the PESTEL methodology.</div><div>FactorAnalysis of External Environment<strong>Political</strong> | Minimum wage pressure<br>Working conditions of international suppliers (child labor)<br><strong>Economic</strong> | GDP growth forecasts are modest<br>Low interest rates, but Fed signaling increases<br><strong>Social</strong> | Aging population<br>Large millennial demographic<br><strong>Technological</strong> | Growth of online shopping (greater consumer acceptance)<br><strong>Environmental</strong> | Impact of emissions standards on truck fleet<br><strong>Legal</strong> | Healthcare regulation impact on large part-time workforce</div><div>Once you have evaluated the external factors impacting Walmart, it’s time to look inward. An important tool that you learned about in this module was the SWOT analysis. You decide to use this framework next.</div><div><strong>Strengths</strong></div><ul><li>Low-cost supply chain</li><li>Large network of brick and mortar stores</li><li>Large fleet of commercial trucks</li><li>Exceptional logistics</li><li>Database of consumer shopping habits</li></ul><div><strong>Weaknesses</strong></div><ul><li>E-commerce presence one-fifth the size of Amazon’s</li><li>Negative PR—employee wages</li><li>Low brand acceptance among millennials</li></ul><div><strong>Opportunities</strong></div><ul><li>Improvement in HR practices</li><li>Increase investment in technology</li><li>Online shopping growth</li><li>Improve quality standards</li></ul><div><strong>Threats</strong></div><ul><li>Aggressive competition (Amazon)</li><li>Ease of entry to online selling</li><li>Intense price competition</li></ul><div>Step Two: Strategic Formulation</div><div>You have gathered a lot of important information about the organization and the environments in which it operates. Now you need to turn that data into concrete goals consistent with the established vision.</div><div>It’s becoming clear to you that your competitive advantage lies in three areas.</div><div>First, Walmart has the lowest-cost supply chain of any retailer in the world. Walmart’s buying power gives it considerable leverage in supplier negotiations. However, in the minds of consumers, Amazon is the low-cost place to shop online.</div><div><strong>Strategic Goal</strong>: Use Walmart's low-cost advantage to put financial pressure on Amazon and other competitors and clearly market this differentiation to consumers.</div><div>Another clear competitive advantage you have over Amazon is your massive network of distribution centers and fleet of commercial vehicles. One of the things you noticed when studying Amazon’s financials is that they spend a lot of money on next day and second-day delivery. If you leverage your network, you can establish a clear advantage.</div><div><strong>Strategic Goal</strong>: Leverage the distribution centers and commercial fleet to provide excellent delivery service at a fraction of the competition’s cost.</div><div>Finally, you recognize that although everyone is focused on moving retail online, Walmart’s existing brick and mortar stores are an asset that is being underused. Many consumers want to have the option of interacting with both an online and physical presence when shopping. There is a tactile dimension to shopping that is lost in an online transaction.</div><div><strong>Strategic Goal</strong>: Better integrate the online and physical aspects of shopping that Walmart can offer (for instance, offer in-store pick-up of online purchases) and communicate that experience to consumers.</div><div>With these strategic goals in mind, you are ready to move to the next step in the strategic management process.</div><div>Step Three: Strategic Implementation</div><div>Now it’s time to move to action. As the head of North American operations, you strategize with your key executives and work on specific goals for each division and functional area. All leaders are aware of their specific responsibilities and deliverables and have been given the necessary authority to execute the plan. Recall, a good plan is not enough—the right action is what will determine success or failure.</div><div>Step Four: Strategic Evaluation and Control</div><div>As you’ve learned, internal and external conditions are always changing. Although you feel good about the plan you’ve constructed, you know environments are fluid. So you implement processes to measure performance and frequently test the plan’s assumptions. Doing so helps ensure that the ongoing actions will deliver the desired results.</div>]]></description>
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         <pubDate>2023-03-28 04:56:28 UTC</pubDate>
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         <title>Module 5.....Organizational structure types vary depending on the type of business and depending on factors such as common purpose coordinated effort, division of labor, the hierarchy of authority, as well as centralization/ decentralization and formalization—the resulting structure will typically exhibit one of four overall departmental structures: functional, product, customer, and geographic, or a matrix structure.        </title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559253508</link>
         <description><![CDATA[<div>Matrix structure: individuals work across teams and projects as well as within their own department or function. For example, a project or task team established to develop a new product might include engineers and design specialists as well as those with marketing, financial, personnel and production skills.</div><div><br>A functional organizational structure is a team structure that groups employees into different departments based on areas of expertise. This type of structure is one of the most common types in business, especially in larger companies, where groups of employees are organized according to the function they perform.</div><div><br>Each division within a geographical organizational structure has their own departments. For example, each location has its own marketing department, research department, warehouse and more. This may lead to duplicate activities throughout the company.</div><div><br>Departmental organizational structure refers to how a business delegates specific tasks and responsibilities to its personnel. Creating a clear, formal structure helps employees understand their specific roles within the company so they can focus on completing their tasks with minimal confusion.</div><div><br>A geographical organizational structure organizes people within an organization by geographic location. This structure creates specific divisions for each location. Each division acts as if it is its own company, combining different types of personnel for various business functions.</div><div><br><br>Product organisational structure is a framework in which a business is organised in separate divisions, each focusing on a different product or service and functioning as an individual unit within the company.</div><div><br>A customer service organizational structure is the hierarchy and roles that a company establishes within its customer service department. Customer service organizational structures help professionals understand the expectations for their roles and which managers and team leads they should contact with concerns.</div>]]></description>
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         <pubDate>2023-04-18 22:50:40 UTC</pubDate>
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         <title>Module 5:What is Greiner&#39;s Growth Model? Greiner&#39;s Growth Model is a framework that shows the different phases a company goes through to achieve growth and the different types of crisis that may occur during those milestones.</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559254673</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://www.mindtools.com/aks7u4n/the-greiner-curve" />
         <pubDate>2023-04-18 22:52:58 UTC</pubDate>
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         <title>Module 5</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559263133</link>
         <description><![CDATA[<div>https://cel.fscj.edu/LOR/man/2021/6/#slide6</div>]]></description>
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         <pubDate>2023-04-18 23:08:55 UTC</pubDate>
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         <title>Module 5</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559264096</link>
         <description><![CDATA[<div><br>A High-Performing Team<br>An effective way to achieve high‑performing culture is to create high‑performing teams. A high‑performing team is best defined as a group of interdependent employees whose skills and personalities complement one another and lead to above‑average operational results. High‑performance teams are a central building block of high‑performance culture, and they thrive in innovative and empowering environments.<br><br>Leadership in any team environment is critical to success, but leadership within a high-performance culture is often complex. While leadership is normally static in a hierarchical environment, high‑performance teams benefit from shared leadership by utilizing the different talents and perspectives of each team member in the decision making process. This creates a strong culture of shared leadership which in turn can generate above-average results and highly motivated employees who trust one another.<br><br>Culture is defined by creating its own consciousness in an organization, indicating shared norms and values. These shared values are central elements of the organization, as they generate buy‑in and dedication from employees. These shared values create an expectation of success, both professional and personal, that can create high levels of trust and shared accountability. In short, shared values are key to creating strong team dynamics.<br><br>There are ten elements in particular that are important to successfully integrating high‑performance teams within an organizational culture:<br><br>Participative leadership: Involve the entire team when making decisions, and rely on specialists only when applicable.<br><br>Effective decision making: Ensure that decision-making is both strategic and efficient. Group decision-making is often slowed when team dynamics are weak, which requires team-building to fix.<br><br>Open and clear communication: As always with group dynamics, communication is key to success. Ensure everyone is speaking and listening.<br><br>Valued diversity: Team synergy is lost when groupthink dominates the discussion. Instill open-mindedness and dispel social fears of disagreeing.<br><br>Mutual trust: Reliance upon one another, and trust in each other’s skills and capabilities, allows for less duplication of work and more overall synergy.<br><br>Managing conflict: Conflict is inevitable and not necessarily a bad thing. Deal with it calmly and without personal biases or emotions. Let the best ideas win.<br><br>Clear goals: SMART objectives are essential to high performance, just as understanding where one is going is essential to finding the best route.<br><br>Defined roles and responsibilities: Everyone should have a clear understanding of why they are on the team and what they are responsible for.<br><br>Coordinated relationships: Building strong team dynamics requires team members to understand each other and build strong relationships. Utilize ice-breaking activities and promote casual discussion to get this started.<br><br>Positive atmosphere: Wherever possible, make sure the general perspective is one of constructive commentary. Maintaining a positive outlook empowers communication and improves team spirit.(6)</div>]]></description>
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         <pubDate>2023-04-18 23:10:41 UTC</pubDate>
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         <title>Module 6 H.R. </title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559267928</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1932606719/3eb0066d9acf1df4a4811f4e770b5ee9/12_key_functions_of_human_resources.webp" />
         <pubDate>2023-04-18 23:16:35 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559267928</guid>
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         <title>Module 6 H.R. </title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559268952</link>
         <description><![CDATA[<div>https://cel.fscj.edu/LOR/man/2021/7/#active-widget<br><br>"HR is a specialty that involves a great many legal details. Mistakes in employee benefits, mismanaging sensitive employee records, or glossing over company ethics policies could land a company in legal trouble. Lawsuits that go to court have incurred a median cost of $200,000. HR professionals are the people who have the knowledge, time, and responsibility to ensure that employees receive the services, resources, and support they need to be successful at work.&nbsp;<br>Today’s HR managers need to think less about enforcing compliance rules and tracking simple metrics and more about how policies will help achieve strategic goals. They must align the organization’s people with the desired outcomes. Depending on the business’s strategy, this might mean using a very selective hiring process to find the candidate with the right skills for the job or using contractors instead of full-time employees to keep costs low. The goal of HR is to ensure that an organization has the right skills, abilities, and knowledge to implement its strategy."</div><div><br></div><div><br>https://cel.fscj.edu/LOR/man/2021/7/#active-widget</div>]]></description>
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         <pubDate>2023-04-18 23:18:15 UTC</pubDate>
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         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559273372</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://www.eeoc.gov/overview#:~:text=The%20U.S.%20Equal%20Employment%20Opportunity,%2C%20and%20sexual%20orientation)%2C%20national" />
         <pubDate>2023-04-18 23:24:24 UTC</pubDate>
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         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559275006</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://www.shrm.org/certification/educators/Documents/Recruitment%20and%20Selection%20IM.pdf" />
         <pubDate>2023-04-18 23:26:31 UTC</pubDate>
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         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559276369</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://www.iedunote.com/factors-influencing-business-communication" />
         <pubDate>2023-04-18 23:28:14 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559276369</guid>
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         <title>&quot; Leadership is about establishing a direction and influencing others to follow. Management is about successfully administering the many complex details involved in a business’s operations. Leadership pursues change and challenges the status quo, whereas management seeks to control and provide stability within the existing circumstances&quot; https://cel.fscj.edu/LOR/man/2021/9/#slide1</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559283697</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://hr.mit.edu/learning-topics/leading/articles/basics" />
         <pubDate>2023-04-18 23:38:43 UTC</pubDate>
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         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559284569</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://padlet-uploads.storage.googleapis.com/1932606719/ab00e54ea9d1cb149d531196598f5979/LeadershipTraits.png" />
         <pubDate>2023-04-18 23:39:59 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559284569</guid>
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         <title></title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559286262</link>
         <description><![CDATA[<br>Image result for styles of leadership in management<br>Let's take a look at the five most common leadership styles and how they can influence an organization's success.<br>Authoritarian leadership (autocratic) ...<br>Participative leadership (democratic) ...<br>Delegative leadership (laissez-faire) ...<br>Transactional leadership (managerial) ...<br>Transformational leadership (visionary)]]></description>
         <enclosure url="https://www.wework.com/ideas/professional-development/management-leadership/five-common-leadership-styles-and-how-to-find-your-own" />
         <pubDate>2023-04-18 23:42:19 UTC</pubDate>
         <guid>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559286262</guid>
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         <title></title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559289038</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://www.mindtools.com/aacex9i/core-leadership-theories" />
         <pubDate>2023-04-18 23:45:48 UTC</pubDate>
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         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559289933</link>
         <description><![CDATA[<div>&nbsp;Kouzes and Posner identify five behaviors of effective leadership, with honesty essential to each.<br>Honesty is essential to a leader's legitimacy, credibility, and ability to develop trust with followers. Kouzes and Posner identify five behaviors of effective leaders: model the way, inspire vision, enable others, challenge the process, and encourage the heart.</div>]]></description>
         <enclosure url="https://www.businessballs.com/leadership-styles/exemplary-leadership-kouzes-posner/" />
         <pubDate>2023-04-18 23:47:01 UTC</pubDate>
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         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559293167</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://www.mindtools.com/adamhmy/the-vroom-yetton-decision-model" />
         <pubDate>2023-04-18 23:51:06 UTC</pubDate>
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         <title>https://hbr.org/1964/07/decision-trees-for-decision-making</title>
         <author>MAN2021Romano</author>
         <link>https://padlet.com/MAN2021Romano/hrsq0qdx9dthjfh9/wish/2559301018</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://hbr.org/1964/07/decision-trees-for-decision-making" />
         <pubDate>2023-04-19 00:00:23 UTC</pubDate>
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