Explain the complexity of creating effective work teams. What role d.pdf

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Explain the characteristics of integer programming problems Solution It is said to be a mixed integer program when some, but not all, variables are restricted to be integer, and is called a pure integer program when all decision variables must be integers. If the constraints are of a network nature, then an integer solution can be obtained by ignoring the integrality restrictions and solving the resulting linear program. In general, though, variables will be fractional in the linear-programming solution, and further measures must be taken to determine the integer-programming solution. Integer-programming models arise in practically every area of application of mathematical programming. To develop a preliminary appreciation for the importance of these models, three areas where integer programming has played an important role in supporting managerial decisions are Capital Budgeting Warehouse Location Scheduling.

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Explain the complexity of creating effective work teams. What role do leaders and managers
play in creating those teams? What are some of the barriers to collaborative teams?
Solution
Creating effective teams is a big challenge due to the fact that all persons are different, each one
has their own skills and competitions that have een developed through his / her life.
If you choose a team that has the skills you need it doesnt mean this will be an effective team
because maybe each one can work very well on their own but as a team and reporting to some
one it changes things.
Leaders and manager have the task to not only choose those people who are a fit to the project
but also that are team players. During the project if some one is not working for the team it has to
be taking out.
Some of the barries we can face are the cultural differences, soem people are use to work in a
different way than others.
Individualism is another barrier that managers need to break on their teams, a player can win
games but a team wins championships.

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Building A Project Team This has been a lot of information to digest. We are now going to focus on different aspects of building a project team. It is not uncommon in many organizations to select several individual members and gather them into a workgroup or team. The reality is this is a group of individuals that are likely individually-based not team-based and do not fully realize the capability or the power of many versus the power of one. A team is a collection of individuals that have been brought together for a common purpose. Individual members each bring a unique skill, talent, or ability that enhances the collective abilities of the group. When all individuals are working together to accentuated and accelerate each other’s work they achieve a greater result together than they could individually. Developing a team is not as easy as it might appear on the surface. The manager that selects a few people with different skills and places them in a work group—is not developing a team. A team is built using a specific collection of personalities, skills, abilities, and talents. The communication styles and skills of the individuals that are placed together should have a common thread and be able to communicate effectively across different aspects of the project. Literally, the different members need to be able to speak and understand the different languages involved in successfully completing the project from members with skills and areas that are not completely similar to them. An individual that is an accountant or bookkeeper will need to be able to speak to the database administrator in a manner that can be understood using a common language. The information technology specialist needs to be able to speak to sales and marketing managers in a manner and can be understood and easily comprehended. If the different individual members are not able to effectively communicate their thoughts, ideas, and knowledge with members of the group—assessment, analysis, assimilation, and evaluation will be extremely difficult as the different team members will be speaking unrelated languages. There must be a common understanding to effectively communicate. Learning to interact among peers is essential in teambuilding. Establishing team members or subject matter experts within their field who cannot communicate with individuals outside of their field will be more of a drain on a team than a benefit. Effective communication skills are essential for team building and results. Investing in the team members is a critical role for the leader. The leader truly is a facilitator of the different team members and will work to form a cohesive team that will strengthen and support each other. A leader will not silo information in order to gain an advantage while compromising the collective team level achievement. Individualism is not acceptable in a team environment. With that said, respecting the individual and what they bring to the team is often a factor that w ...

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Explain briefly the system of system of the Balance of Payments Accounting for a country, including an explanation of the current account, the capital account, and the financial account. Solution BOP is an official record that tracks all the transactions of financial nature, between a country (and its residents) with other countries. BOP is a flow concept since it measures the transactions during a specific period of time (1 year, 1 quarter etc). BOP is always prepared in a single currency (the domestic currency). BOP has 3 types of accounts, based on nature of transaction. These component accounts are: Current Account, Capital Account, Financial Account. Theoritically, sum of balances in all these accounts will be zero. But in reality there may be some positive and negative balance which is then classified under \"Balance Account\". Current Account records the exports, imports (defining Trade Balance as Exports less Imports), Services, Net Factor Income from Abroad and fund (Cash) transfers. Capital Account records all transactions and transfers pertaining to Investment purposes (and not for consumption purposes). For example, an official exemption on debt (\"Debt Forgiveness\") falls under Capital Account. Financial Account records transactions relating to asset/investment borrowing, selling in other countries. This includes DFI (Direct Foreign Investment, a longer term capital flow), DPI (Direct Portfolio Investment which is shorter term capital flow) and Official Reserves (which is assets transacted by Central Bank, for example, foreign exchange). Together, these 3 components theoritically balance up, implying shortfall in one or more component account is compensated by surplus in other component account(s). If there is any negative/positive balance arising out of BPO accounting, that goes into Balance Account..

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Explain how academic knowledge impacts the social elements and institutions of both local and global communities. Solution Academic Knowledge impacts Global communities because it brings them information that most of the time communties dont have or dont have access due to the fact they have to pay for it o they dont know where to find it. This knowledge has a possive effect because it provides the tools for communitites to develop further and faster using methods aquired through a superior institution like a college or university. The influence allows communitites to grow and narrows the path to follow in order to math the requirements on the globalization..

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