Leadership That Gets Results Essay - 1163 Words

Leadership That Gets Results What Do Effective Leaders Do? â€Å"What do effective leaders do to remain effective?† was a question that I proposed to my Leadership Application Program Speakers Round Table Class. In response I received a number of answers from personality traits to emotional intelligence. Leadership is a word that can be defined in many different ways. In the article â€Å"Leadership That Gets Results† they take the time and breakdown the six different steps of leadership, the six styles are coercive, authoritative, affiliative, democratic, pacesetting and coaching. The late David McClelland, a noted Harvard University psychologist, found that leaders with strengths in a critical mass of six or more emotional intelligence†¦show more content†¦The authoritative style, powerful though it may be, will not work in every situation. The approach fails, for instance, when a leader is working with a team of experts or peers who are more experienced than he is; they may see the leader as pompous or out-of-touch. Another limitation: if a manager trying to be authoritative becomes overbearing, he can undermine the egalitarian spirit of an effective team. Yet even with such caveats, leaders would be wise to grab for the authoritative club more often than not. It may not guarantee a hole in one, but it certainly helps with the long drive. The Affiliative Style. â€Å"If the coercive leader demands, Do what I say, and the authoritative urges, Come with me, the affiliative leader says, People come first. This leadership style revolves around people-its proponent’s value individuals and their emotions more than tasks and goals. The affiliative leader strives to keep employees happy and to create harmony among them. He manages by building strong emotional bonds and then reaping the benefits of such an approach, namely fierce loyalty. The style also has a markedly positive effect on communication. People who like one another a lot talk a lot. They share ideas; they share inspiration. And the style drives up flexibility; friends trust one another, allowing habitual innovation and risk taking. Flexibility also rises because theShow MoreRelatedLeadership That Gets Results By Daniel Goleman Essay1823 Words   |  8 PagesIn the article â€Å"Leadership that Gets Results,† Daniel Goleman suggests that there is a relationship between three concepts: the elements of emotional intelligence, the six leadership styles, and an organization’s climate. Describe the way he believes that these concepts influence each other. You may include a drawing with boxes, arrows, and the like if that helps you to explain your thinking. Ultimately, he argues that these concepts influence organizational performance. Do you think he makes a compellingRead MoreLeadership That Gets Results Essay examples788 Words   |  4 PagesReflection – Leadership That Gets Results The first comment before the article starts is vastly important. Most effective leaders use a variety of leadership styles in order to achieve maximum performance from organizations, teams, and individuals. The ability to act as a chameleon as a leader has huge benefits and allows you to tackle many different types of leadership situations. In order to achieve the best results a leader must be able to use many different leadership styles to accomplishRead MoreEffective Leaders Produce Successful Results1185 Words   |  5 PagesLeadership is found in a variety of aspects of life, work, and sports. Few will argue that effective leaders produce successful results. Many more will agree that successful leadership is not always determined by the financial bottom line in business or by win percentage in sports. Leadership in both business and in coaching requires and often exudes a common set of skills, goals, desires, and strategies that are common in both arenas. Leaders in all walks of life, to include commercial realRead MoreWhat Is My Frame?1153 Words   |  5 PagesWhat is my frame? Upon assessment with the tool provided, my results reflected that I have a somewhat balanced orientation that doesn t lean strongly toward any one of the four approaches. Leadership Orientations Self-Assessment: The results for raw scores and percentile scores for each of the four frames (Figure 1) reflect the numbers hovering almost around 50 percentiles. As per tool assessment this result indicates almost balanced orientation towards all the frames. The characteristics of fourRead MoreAdvantages Of Autocratic Leadership Style876 Words   |  4 Pages Managers with autocratic leadership style are controlling and bossy. As a result, these managers treat employees as machines that are needed to get work done. Their interest and goals is above all things. Autocratic leaders provide employees with instructions and expect things get done the way they want. One of the most common problems with autocratic leadership style is that it creates conflict when working with other team members. In conclusion autocratic leadership is similar to military authorityRead MoreLeadership Management Practices Inventory ( Lpi )1489 Words   |  6 Pages1. Leadership development is a process that is continuously ongoing, starting with tools gathered from parents, family, teachers, coaches, and with people who we encounter every day. Leadership is simply one’s ability to lead work, family, and in life. At work a leader has an obligation to the people in their charge and those above them to meet and exceed expectations for the good of the organization or group. Results from the Leadership Practices Inventory (LPI) 360 list: shows others how theirRead MoreWhy Is Leadership Style Important1177 Words   |  5 PagesWhy is Leadership Style Important? By John Cronkite Ed.D. www.dirigoconsulting.com A Few Reminders from Last Month: One of the most significant strengths of an effective leader is the ability to create a positive work climate. In an outstanding organizational climate, people are energized to do their best work, free of unnecessary distractions. Climates that energize workers to produce their very best can improve results by as much as 30 percent. What’s New This Month: Up to 70 percent of an employee’sRead MoreSynthesis Paper : Leadership And Leadership1259 Words   |  6 Pages Synthesis Paper: Leadership Introduction Over the years, a great deal of time, and research has been dedicate to the study of leadership. Even with extensive data on the topic, many still disagree on what leadership really means. Hence, leadership is a word that has many different meanings and different researched theories associated with it. On a basic level, leadership involves having and establishing a clear vision, sharing that vision with followers, respecting followers, and leading an organizationRead MoreSynthesis Paper : Leadership And Leadership1361 Words   |  6 PagesSynthesis Paper: Leadership Introduction Over the years, a great deal of time, and research has been dedicated to the study of leadership. Leadership is one subject that has been discussed a lot. Even with extensive data on the subject, many still disagree on what leadership really means. Moreover, leadership is a word that has many different meanings and different researched theories associated with it. On a basic level, leadership involves having and establishing a clear vision, sharing thatRead MoreHow Leadership Styles Influence On An Organization s Climate Essay1019 Words   |  5 Pages The article of Leadership That Gets Results provides the six leadership styles for individuals to understand how leadership styles influence on an organization’s climate. Furthermore, the six leadership styles are consisted of the emotional intelligence: self-awareness, self-management, social awareness, and social skill. Therefore, these three concepts, such as the six leadership styles, the elements of emotional intelligence , and an organization’s climate, will influence each other because the

Honesty Lie and Personal Responsibility Free Essays

Being Honest with Yourself Honesty is the best way to succeed in future endeavors, both in relationships and business. Though being honest can hurt others it is beneficial to succeeding in life. This is a personal responsibility any individual should have both in education and in everyday life. We will write a custom essay sample on Honesty: Lie and Personal Responsibility or any similar topic only for you Order Now When it comes to being honest in school, plagiarism is one of the biggest lies a person could do. Plagiarism means â€Å"an act or instance of using or closely imitating the language and thoughts of another author without authorization and the representation of that author’s work as one’s own, as by not crediting the original author†(Dictionary. com,2013). Plagiarizing someone’s work is not being honest to the instructor, but most of all not being honest to your own work; it is not showing that you have that personal responsibility to the school work. Researchers have a personal responsibility to be honest on their work. Sometimes when the research is being conducted, the writer will add other more honorary titles into that research; this is less than honest when it comes to a research. When the researchers add extra information that is not valid to the paper it starts to become a lie. In childhood a young child has that personal responsibility to be honest to their parents. If they were not honest with them, normally they would be disciplined for lying. While in school a child will learn how to be honest on their school work and to be honest with their peers. In both aspects they would need to show that they know what honesty is, and that they are responsible for proving that they truly understand what that honesty is. Sometimes when growing up and being taught that being honest is the way life should be and that the individual should always be honest. Honesty does have its time and place. â€Å"Do theses pants make my butt look fat†, for gentlemen this is an all-time question, tell the truth and let your wife know, yes those pants make you look fat, or say honey no you look amazing in those pants. Some honesty could be a little too much for a woman already feeling insecure about her body. So the individual will tell a little white lie and things seem to continue to run smoothly throughout the day and night. Now if the person were a snitch, say for the FBI, this could be a deadly ordeal for that person. Tell the truth only to the FBI and take that chance of being caught by a gang of some sorts, and be killed for saying secret information. Then again if that snitch never gets caught, there might be an amazing award for that person. Going to another country or state might become their haven, and they can continue a normal and productive life. Some views on honesty are that a person is a snitch, or maybe they just do not know how to tell a lie. Either way, honesty is a personal responsibility that most would view as an important aspect to everyday life. Whether it is in school or in everyday life honesty is the best policy. References Sharma, B. , Singh, V. (2011). Ethics in writing: Learning to stay away from plagiarism and scientific misconduct. Lung India, 28(2), 148-150. doi: http://dx. doi. org/10. 4103/0970- 2113. 80337 Steneck, N. H. (2011). The dilemma of the honest researcher. EMBO Reports, 12(8), 745-745. doi: http://dx. doi. org/10. 1038/embor. 2011. 134 Victoria Talwar, Angela M. Crossman, Children’s lies and their detection: Implications for child witness testimony, Developmental Review, Volume 32, Issue 4, December 2012, Pages 337-359, ISSN 0273-2297, 10. 1016/j. dr. 2012. 06. 004. (http://www. sciencedirect. com/science/article/pii/S0273229712000251) How to cite Honesty: Lie and Personal Responsibility, Essay examples Honesty Lie and Personal Responsibility Free Essays Being Honest with Yourself Honesty is the best way to succeed in future endeavors, both in relationships and business. Though being honest can hurt others it is beneficial to succeeding in life. This is a personal responsibility any individual should have both in education and in everyday life. We will write a custom essay sample on Honesty: Lie and Personal Responsibility or any similar topic only for you Order Now When it comes to being honest in school, plagiarism is one of the biggest lies a person could do. Plagiarism means â€Å"an act or instance of using or closely imitating the language and thoughts of another author without authorization and the representation of that author’s work as one’s own, as by not crediting the original author†(Dictionary. com,2013). Plagiarizing someone’s work is not being honest to the instructor, but most of all not being honest to your own work; it is not showing that you have that personal responsibility to the school work. Researchers have a personal responsibility to be honest on their work. Sometimes when the research is being conducted, the writer will add other more honorary titles into that research; this is less than honest when it comes to a research. When the researchers add extra information that is not valid to the paper it starts to become a lie. In childhood a young child has that personal responsibility to be honest to their parents. If they were not honest with them, normally they would be disciplined for lying. While in school a child will learn how to be honest on their school work and to be honest with their peers. In both aspects they would need to show that they know what honesty is, and that they are responsible for proving that they truly understand what that honesty is. Sometimes when growing up and being taught that being honest is the way life should be and that the individual should always be honest. Honesty does have its time and place. â€Å"Do theses pants make my butt look fat†, for gentlemen this is an all-time question, tell the truth and let your wife know, yes those pants make you look fat, or say honey no you look amazing in those pants. Some honesty could be a little too much for a woman already feeling insecure about her body. So the individual will tell a little white lie and things seem to continue to run smoothly throughout the day and night. Now if the person were a snitch, say for the FBI, this could be a deadly ordeal for that person. Tell the truth only to the FBI and take that chance of being caught by a gang of some sorts, and be killed for saying secret information. Then again if that snitch never gets caught, there might be an amazing award for that person. Going to another country or state might become their haven, and they can continue a normal and productive life. Some views on honesty are that a person is a snitch, or maybe they just do not know how to tell a lie. Either way, honesty is a personal responsibility that most would view as an important aspect to everyday life. Whether it is in school or in everyday life honesty is the best policy. References Sharma, B. , Singh, V. (2011). Ethics in writing: Learning to stay away from plagiarism and scientific misconduct. Lung India, 28(2), 148-150. doi: http://dx. doi. org/10. 4103/0970- 2113. 80337 Steneck, N. H. (2011). The dilemma of the honest researcher. EMBO Reports, 12(8), 745-745. doi: http://dx. doi. org/10. 1038/embor. 2011. 134 Victoria Talwar, Angela M. Crossman, Children’s lies and their detection: Implications for child witness testimony, Developmental Review, Volume 32, Issue 4, December 2012, Pages 337-359, ISSN 0273-2297, 10. 1016/j. dr. 2012. 06. 004. (http://www. sciencedirect. com/science/article/pii/S0273229712000251) How to cite Honesty: Lie and Personal Responsibility, Papers

Hellbender Essay Example For Students

Hellbender Essay The Eastern Hellbender (Cryptobranchus alleganiensis alleganiensis)Cryptobranchus alleganiensis alleganiensis is the largest North Americansalamander, ranging in length from 30.5 to 74 cm (Niering 1985). EasternHellbenders are members of the order of tailed amphibians, Caudata and thefamily, Cryptobranchidae. Along with C. a. bishopi, the Ozark Hellbender, it isone of the two subspecies of hellbenders, also known as the Allegheny alligatoror devil-dog. C. a. alleganiensis is perennially aquatic, preferring clearfast-moving rivers or large streams with rocky bottoms. Most are found in water12 to 46 cm deep and tend to avoid areas with thick layers of silt (Hillis andBellis 1971). It ranges from the Susquehanna River and its tributaries in NewYork and Pennsylvania to the Ohio River and its tributaries including theAllegheny, which gives it its species name, westward to the Mississippi Riverand southward to Missouri, Arkansas, and Georgia. It has also been recorded inIowa (Bishop 1943). C. a. alleganiensis has a dorsoventrally flattened body anda laterally flattened tail. The tail is the main means of locomotion, but thehellbender can also crawl when seeking refuge (Hillis and Bellis 1971). C. a. alleganiensis is dark gray or olive-brown with a mottled or spotted pattern onits dorsal surface. The ventral surface is a lighter shade with few markings (Niering1985). The male and female are similar in appearance, but the male is broaderand heavier than a female of the same length. Eyelids are absent. It has fivetoes on its hind feet and four on the fore feet, most of which develop duringthe larval stage (Bishop 1943). C. a. alleganiensis is nocturnal, spending itsdays hiding under rocks with only the tip of its broad head exposed. It exhibitsdiurnal behavior only during its mating season which occurs in late summer orearly fall depending on geographic location. (Hillis and Bellis 1971). C. a. alleganiensis practices external fertilization. The male will dig asaucer-shaped nest-like cavity beneath a large, flat rock or sunken log. Thefemale lays 200-500 yellowish eggs in long strings. The male assumes a matingposition above or behind the female and sprays the eggs. The male will thenremain in the area to guard the nest (Niering 1985). Evidence has shown that themale will eat some of these eggs and therefore may remain more to guard his foodsupply than from a sense of parental responsibility (Hillis and Bellis 1971). The larvae will latch two to three months later. The larva are approximately 30mm long and born with gills which they will lose when they are 100-130 mm longat about 18 months, leaving only a single pair of gill slits (Bishop 1943). Thehellbenders principle food source appears to be crayfish, this is most likelyfor convenience since crayfish hide in similar locations as the hellbender. Therest of its diet is composed mainly of other aquatic invertebrates such asmolluscs, worms, and insects. They have also been observed to eat small fish andanimal refuse (Hillis and Bellis 1971). BibliographyBishop, S.C. 1943. Handbook of Salamanders. pp. 59-63. Comstock PublishingAssociates, Ithaca, NY. Hillis, R.E. and E.D. Bellis. 1971. Some aspects of theecology of the hellbender, Cryptobranchus alleganiensis alleganiensis, in aPennsylvania stream. Journal of Herpetology, 5:121-126. Niering, W.A. 1985. National Audubon Society Nature Guides: Wetlands. pp. 384-385. Alfred A. Knopf,Inc., New York, NY.

Islam It Is Averaged That There Are 750 Million People Practicing Isla

Islam It is averaged that there are 750 million people practicing Islam. Islam is actually derived form Christianity. History books indicates that one night in the year 610, the first of many revelations came to Muhammad from God by way of the angel Gabriel. The message Muhammad received told him that there was but one God, not many gods, as most Arabs believed. This God was creator of the world, and He would one day judge mankind. The word Islam means surrender or submission, submission to the will of Allah, the one God. Muslims are those who have submitted themselves. The basic creed of Islam is brief: There is no God but Allah, and Muhammad is the Prophet of Allah. slam teaches that there is one God, the creator and sustainer of the universe. This God, Allah, is compassionate and just. Because He is compassionate, He calls all people to believe in Him and worship Him. Because He is also just, on the Last Day He will judge every person according to his deeds. On the Last Day, all t he dead will be resurrected and either rewarded with heaven or punished with hell. The life of each Muslim is always within the community of the faithful, all are declared to be brothers to each other, with he mission to enjoin good and forbid evil. Within the community, Muslims are expected to establish social and economic justice. They are also expected to carry their message out to the rest of the world. In the early Islamic community, this meant the use of force in the form of jihad, or holy war. The object of jihad was to gain political control over societies and run them in accordance with the principles of Islam. During the decades following the death of Muhammad certain essential principles were singled out rom his teachings to serve as anchoring points for the Islamic community. These have come to be called the five pillars of Islam. The revelations that Muhammad received were collected into a new book, the Koran, directing his followers what to believe and how to live. Man y Muslims believed that everything Muhammad said and did was inspired by Allah, many reports of his sayings and deeds were collected. At first these were just remembered and spread by word of mouth. Later they were captured in writing, to serve as an additional guide for believers, along with the Koran. It was Muhammad's contention that Christianity had departed from belief in God's message as revealed in their Scriptures. God had sent many prophets, among them Abraham, who is considered the founder of the faith for Islam, as he is also for and Christianity. The Koran, using sources in the older Scriptures and later traditions, relates the stories of Abraham, Joseph, Moses and Aaron, David, Solomon, Jesus. After Muhammad's death in AD 632, it was feared that the content of the revelations might be lost, as those who had originally memorized it died. It was therefore decided to collect all the revelations, from what ever source, and make a compilation. Even at this early date, variat ions in the Korans revelations were becoming common in different parts of the new Islamic empire. An authorized version was created, with arrangement of putting the longer chapters first and the shorter one last. The hajj, pilgrimage, is an annual Muslim rite that every believer is expected to take part in at least once in his lifetime. From the seventh to the tenth day in Dhu al- Hijjah, the last month of the Islamic calendar, thousands of Muslims converge on the city of Mecca in Saudi Arabia to visit the holy shrine of the Kaaba in the Great Mosque. The pilgrimage culminates with the feast of sacrifice, one of the two major festivals that are celebrated during the Islamic year. The zakat is an obligatory tax, a contribution made by Muslims to the state or to the community. Bibliography -

The Jabberwocky poem Essays

The Jabberwocky poem Essays The Jabberwocky poem Paper The Jabberwocky poem Paper How Does Through The Looking Glass Compare To The Usual Childrens Stories Acceptable in The Victorian Era And How Lewis Carrolls Childrens Novels May Have Influenced 20th Century Authors. Through The Looking Glass was written by Lewis Carroll in 1872. The story is about a little girl called Alice, a character based on Alice Liddell, one of the daughters of the Dean of Christ Church, Oxford. The book is very different from other stories written at the time; Lewis Carroll takes his heroine, Alice, into a world of fantasy to be found behind her lounge mirror. Alice is made into a very independent little girl, making many of her own decisions and at times being quite rude. This would not have been how a child would have behaved in Victorian Society; they were seen and not heard! Once through the looking glass Alice finds herself in a world where everything is back to front: she has to walk towards the house to walk in the garden and events are felt before they happen: the White Queen puts a bandage on her finger, then screams with pain and then pricks her finger. All the animals and flowers in the book are given human characteristics and can talk. she spoke again, in a timid voice-almost in a whisper. And can all the flowers talk? As well as you can, said the Tiger-Lily. And a great deal louder. She also meets nursery rhyme characters such as Humpty Dumpty who is acting out his nursery rhyme exactly. Alice finds herself in a long and complicated game of chess in which she is a pawn and has to follow certain moves to become a queen and reach the end of the game; once again the chess pieces are given human characteristics. At the end of the book Alice finds that the red queen has turned into her kitten and that she is still sitting in her lounge. The whole episode has been a dream. There are no morals or messages in this book. Aesops fables are a good example of childrens stories with morals. Mainly using animals, like Lewis Carrolls given human characteristics, to act out a story with a moral ending. In The Hare and The Tortoise two animals race each other. The hare knows he is faster than the tortoise and decides to take a rest; he falls asleep and wakes up just in time to see the tortoise win. Meanwhile, the slow old tortoise had been plodding on doggedly. He passed the tree and the sleeping hare. Then he passed the winning post. The moral of this is Slow and steady can win the race. In Aesops tales animals are used to illustrate stories and the roles they play show their true way of life: In The Hare and The Tortoise the hare was fast and the tortoise slow. In Through The Looking Glass the animals take on roles that are not natural to them and are pure fantasy. Similarly in the Beatrix Potter books animals are clothed, able to speak and take on human characters as can be seen by Mrs Tiggywinkle doing the washing. Roald Dahls book The BFG written in1982 is similar to Through The Looking Glass in some ways. The heroine, a little girl called Sophie, is a normal child and has no strange or imaginary powers. Like Alice she is very independent and makes all her own decisions. Unlike Lewis Carrolls book the main characters in the stories i. e. the giants are totally imaginary and use made up words and eat made up foods. Sophie said: What do you drink? Frobscottle, announced the BFG. All giants is drinking frobscottle. They live a totally imaginary existence unlike any human being. Roald Dahl also introduces some real life characters into his book like the Queen and her staff and the Armed Forces. Like Alice, Sophie is given great influence over these people. In Harry Potter and the Philosophers Stone by J. K. Rowling written in 1997 Harry looks like a normal boy and to a certain extent acts like a normal boy but, unlike Alice and Sophie, is given magical powers. Objects are given magical powers like the broomsticks. Harrys broom jumped into his hand at once, but it was one of the few that did. Mystical creatures such as dragons appear, but none of these take on human characteristics. In the nonsense verse, which was so popular at this time, especially that by Edward Lear, creatures are totally imaginary and bear no resemblance to living creatures. In The Dong With The Luminous Nose the Dong is an imaginary creature living in a totally imaginary place and all the names are made up. Landing at Eve near the Zemmery Fidd Where the oblong oysters grow. This is similar to Through The Looking Glass where Alice enters an imaginary world and also to a certain extent in Harry Potter where Harry goes through the wall at the railway station to find platform 9 3/4 and the Hogwarts Express and many of the other place settings are made up. The barrier was coming nearer and nearer-he wouldnt be able to stop-the trolley was out of control-he was a foot away-he closed his eyes ready for the crash- It didnt come.. he kept on running.. he opened his eyes. A scarlet steam engine was waiting next to a platform crowded with people. In The BFG real places are mixed with imaginary as you have the caves where the giants live but then the main parts of the story take place in London at Buckingham Palace. Lewis Carroll uses nonsense poems in his story such as The Walrus And The Carpenter where the walrus and the carpenter take all the little oysters for a walk and end up eating them! But answer came there none- And this was scarcely odd, because Theyd eaten every one! The oysters are again given human characteristics by mentioning their shoes and making them able to talk and walk on two feet. Poems do not play a big part in either The BFG or Harry Potter. The language in Through The Looking Glass is very correct. The grammar is as you would expect a Victorian book to be written. The text is quite clear and easy to follow. Lewis Carroll does use many puns throughout the book. It sounds like a horse, Alice thought to herself. And an extremely small voice, close to her ear, said, you might make a joke on that- something about horse and hoarse you know. The same can be said of Aesops Fables that are written very clearly and for a younger child, using simple words. Some of the language used by Lewis Carroll is very adult and long words are used that a child may not know the meaning of. In Aesops Fables a child could easily read and understand the text. J. K. Rowling also writes in a way that a child can understand, once again the book is very grammatical and clearly written. In some instances she uses made up words to name items, objects and animals that are imaginary and made up purely for the story. This balls called the Quaffle, said Wood. The chasers throw the Quaffle to each other and try to get it through one of the hoops to score a goal. Roald Dahl writes so a child can easily understand what the story is about. In The BFG there are a lot of made up words used by the giants and the BFG, himself, talks very ungrammatically. Is you quite snugly there in your nightie? he asked. You isnt fridgy cold? In Through The Looking Glass all of the speech by the characters is grammatical and correct. However, in the Nonsense verse included in the book Lewis Carroll makes up words, especially in the Jabberwocky poem. Twas brillig, and the slithy toves Did gyre and gimble in the wabe.

The Best Way To Get Multiple Teams To Use CoSchedule

The Best Way To Get Multiple Teams To Use Even if youre the boss, making big changes still probably isnt easy. Anytime the status quo gets challenged, humans tend to resist. And this problem is even more acute when youre leading change among peer teams. Either way, if youre adopting as your new marketing management platform, Ill share some key moves you can make. They will make your transition more efficient, effective, and even exciting yep, you read that right. You can actually get your team excited about change with a few magical tactics 🔠® This post is for you if youd like to learn how to: Prepare for resistance to change to get quick team buy in. Align with *real* problems that need solved. Cast a clear vision of what new looks like to reduce anxiety and switching costs. And away we go Get Your Teams On Board With By Preparing For Resistance People resist change because we generally perceive it as discomfort. And we run from discomfort as fast as we can. (As long as its not too uncomfortable to run 🠏Æ'†Ã¢â„¢â‚¬Ã¯ ¸ )

Article analysis Essay Example | Topics and Well Written Essays - 2500 words

Article analysis - Essay Example The oil producers in the U.A.E. are expected to increase production of oil as a response to this fall (Cornwell, 2014). This reaction of the government is contrary to the conventional economic theory which states that if the price falls then the suppliers should reduce the level of their production. But this is not happening in case of the U.A.E. The economic theory of demand and supply fundamentally states that as price of a product increases less and less quantity of the product is demanded and as the price of a product rises then its supply increases. The equilibrium market price is determined by the point where the quantity demanded by the consumers equals to the quantity supplied by the producers (Frank, 2008). The following diagram shows the same. The initial equilibrium point is marked by E1 and the initial equilibrium price is P1 and the quantity demanded is Q1. A fall in the market demand due to exogenous market conditions like recessions or weak demand of the products causes the price to fall and the demand curve shifts to DD2 where the new quantity is Q2 and the price falls to P2 (Frank, 2008). Following this theory it should be expected that a global fall in prices would discourage the suppliers and they should reduce their production. However, according to the news article this is unlikely to happen. U.A.E. is expected to produce 3 million barrels of oil by the end of the current financial year. According to experts factors like weaker growth of China, rise in shale production in the U.S.A. and oversupply of oil are the main factors that are responsible for the global fall in oil process. A fall in the global oil prices could be represented by a downward shift in the demand curve from point DD1 to DD2 where quantity demanded equals quantity supplied. The new equilibrium point is reached at E2. However, the determination of oil production in the global economy does not follow the cardinal