Saturday, March 27, 2010

what kind leader are you "using vcm model"

The Leadership VCM Model proposes that the following three characteristics are part of leader's personal profile: Vision, Commitment and Management Skills.
The Vision is an expectation or motivating to obtain effort. for example if I were a leader at the first I will set goal about the business with the subordinate during the specific time frame, the second I will set reward to my subordinate those who succeed to complete the goal.
The commitment the other word is keep one' promise, If I were leader I will do my best to keep my promise. That means at the first, I will collaborate with subordinate efficiently to reach the Vision that we expect.The second, as a leader not only focus the company's interest but I also care about subordinates' benefit, so if we meet the goal they are deserved their award.
The Management Skills--the other word is how to develop and stimulate employee's working efficient in order to meet the business goal. Actually both operating business and managing employee are important. Because running a company must rely on employee,the good team work lead to a successful business. If I were manager at the first I will pray to God for wisdom, the second, I will adopt theory z--It combines both theory x and theory y. the other word is that The management skill bases on employee's personality.
At the last, we need to remember that the good employee are the biggest assets for company, because the business is successful or not, it bases on employee effort.

Friday, March 5, 2010

Accounting

Accounting is the language of business.Corporations need to communicate their results to the world. Their audience includes employees,investors,creditors customers,suppliers,and communities. withing the company, accounting information provides a means to control,evaluate,and plan operations. Accounting is numbers so that business activity can be recorded summarized, and analyzed.
If you want to realize how the company runs, Accounting will let you know.The concept as below: at the first :the balance sheet:Assets=liabilities + Owner's Equity, are
Accounting records and statements always balance, the statements can be interpreted by using ratios: P/E Ratio::company per share divided by company earnings and remember the lower number we get the better company runs. The second income statement and the third cash flow besides that also We need to know depreciation belongs to assets contrast account and expense belongs to Owner's Equity contrast account because if expense increase equal Owner's equity decrease but revenue increase equal Owner's equity increase.
Accounting conservation and historic cost. for example: The Owner's of company bought a building in 1998, and if Accountant or CPA want to evaluate the owner's assets in 2001, the value of building base on in 1998 instead of 2001.

If you guys want to know more and more knowledge about Accounting,go to MBA class and you will learn from DR. Tao.