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Essay / Research Paper Abstract
This 7-page paper discusses leadership during tough economic times and other 21st century challenges. Bibliography lists 5 sources.
Page Count:
7 pages (~225 words per page)
File: AS43_MTethiecon.doc
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Unformatted sample text from the term paper:
between leaders and followers. This relationship (that of master to follower) ended up in the workplace as well, and for decades, the autocratic leader, top-down decision-maker reigned in the business
world. But not any more. As difficult choices continue to lie ahead for most businesses and Capital One Financial in particular, its managements
responsibility to develop a culture of candor and honesty, and to ensure employees are well-informed about organizational goals and expectations. Current Economics There
is enough rhetoric in the press these days to wonder what, exactly, is going on with the economy. While the White House continues trumpeting miniscule drops in unemployment, Obama Administration
opponents complain that it isnt enough, that jobs arent being created, that were still stumbling along bottom. What is the truth? The truth
is a little of both. The recession is officially over, and has been for some time. But what most people dont understand about economic peaks and troughs is that the
National Bureau of Economic Research doesnt proclaim the recession over one day, and the next day jobs flood the market, production spurts upward and people begin buying again. Jobs always
lag in any recovery. Employers are reluctant to hire. This particular trend is especially true in this recession - employers arent hiring because theyre learning they can do more with
less. Capital One Financial is not much different - this organization still needs to cut costs, and not just becomes of economics.
On the one hand, globalization means more competition, especially among financial organizations. On the other hand, lending practices have tightened - with fewer loans being made, fewer underwriters, loan officers
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