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Primary and Secondary Markets Used to Categorize Financial System Solution
Primary and Secondary Markets Used to Categorize Financial System
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Primary and Secondary Markets Used to Categorize Financial System
I’m working on a business multi-part question and need an explanation and answer to help me learn.
Discuss the respective roles of primary and secondary capital markets in the financial system and outline the role of investment banks within them. What potential problems may arise if the investment bank is part of a larger bank that also includes a retail bank?”
Reply:
Astrid Cleare
RE: Discussion 1 – Week 2
Discussion 1: Developing a Change Plan – Introducing a Sense of Urgency
The chapter this week starts with ‘creating a sense of urgency’. This is a step that I can say would be difficult in my present culture – everyone is as good as their last ‘success’ and we like to display these at every opportunity.
In my experience, complacency doesn’t always have to be seen as negative. Complacency, for me, can be used to pinpoint where things are happening correctly, but maybe a small change and/or addition, can make things even better. On our teams, a sense of urgency will push the change forward – a change that is needed to push the organization forward. A sense of emergency is dire straits (the whole building is on fire).
In my experience in the workplace, leaders and managers created a sense of urgency without creating a sense of emergency by doing small competitive things that would push for change and push to raise numbers and connection. The class text describes several ways in which this can be done including: cut back on obvious shows of company wealth, increase the productivity numbers higher than usual, work with customers who are not satisfied with the company, have honest discussion about what is going wrong in the company and encourage the teams to look at opportunities for the company (Kotter, J. P. – 2012).
I am going to use the area of fund-raising in my organization (which I am more familiar with) where I recognize a level of complacency. After reviewing the different sources of complacency on p. 40 of the Leading Change course text, I think that several of these sources can be leading to this complacency. It is more along the lines of the second cause, but in the terms that everything about our program has screamed ‘success’ because the funds have been there (pg. 39, Kotter, J. ). The management team recently requested a budget increase, but this has not been granted and therefore, it will not be budgeting as usual – the team will need to do more fund-raising so as not to be too dependent on the government budget (that has seen many after-COVID-19 cuts).
I would suggest, to create a sense of urgency would be to have a team meeting to discuss and show the true budget numbers and the need to raise the funds needed to operate programs. Cutbacks have been made and a few more can be made and then a task force can be formed to look for funding opportunities. A survey should also be done to get ideas and feedback from staff and then the top ideas should be chosen and teams empowered to carry out the ideas to fruition. This would have persons connected to the goal of funding programs and feeling as if everyone has a say and contribution to make towards the team efforts.
Resources:
Kotter, J. P. (2012). Leading change. Boston, MA: Harvard Business Review Press. Chapter 3, “Establishing a Sense of Urgency”
Kotter, J. P., & Cohen, D. S. (2002). The heart of change: Real-life stories of how people change their organizations. Boston, MA: Harvard Business Review Press. Step 1, “Increase Urgency”
Walden University, LLC. (Producer). (2012b). Step 1: Establishing a sense of urgency. Baltimore, MD: Author. Retrieved from https://class.waldenu.edu
ROCHELLE TARKINGTON
RE: Discussion 1 – Week 2
In my community, there is complacency with a crime. Over the weekend we had 17 people get shot after the Bucks game, 3 people died, and from Friday until Monday morning, we had 23 people shot. Our leaders stand around and pretend to act like they are in an uproar but have no solutions to the problem. Now that crime has finally hit Downtown, they are ready to hear and share ideas.
It’s important to look at things like trust and respect and the communication networks. We must address and take bake our streets. We need to get excited and fight for the change and help our community, by finding affordable housing, higher-wage jobs, and addressing mental health issues. Or what we can do is hold parents accountable for their children, who are underage, and are out here committing crimes, killing people, and destroying people’s lives with their actions along with the parent’s in-action. That would be a great place to start.
The urgency is people are dying, black, white, green, and orange. We need to hold our lawmakers accountable too, they are really the problem. Guns are too easy to get, don’t get me wrong I have two guns, I also have a license to carry, and I got mine the legal way. I have no intention to go to Walmart and commit mass murder, I have my firearm for hunting and sports. We have loopholes in our law that should be close. I think we should hold parents accountable, they should face jail time, if their sons or daughters are out to hear running amuck, they should face just as many times as their kids
I would start by getting a committee to start a bill called the holding parent’s accountable act. I would have people who are going to get excited and fight for the change and help you develop a new way of seeing our community. finding the right team to develop my bill and sell that vision is key before I take the next step.
References
Kotter, J. P. (2012). Leading change. Boston, MA: Harvard Business Review Press.
discxuson 2 responses-
Answer using the questions under day 7
Karla Dennis
RE: Discussion 1 – Week 2
In my community crime is running rapid. Every time I turn on the TV someone has been shot or robbed. Last month it was individual that didn’t care someone life he walked up on a security guard in his 50’s and shot him in the head point blank and then robbed him. Thank GOD for security cameras because they caught the person the next day. The sad part his family has to bury him and then there was a homeless man sat there and watched the man kill the other man and just got up and walked away. This was a senseless killing. The complacency for this would be a lack of sufficient performance feedback from external sources. As a community we want the leaders to protect us that’s why we vote them in office. We assume that if only other individuals were more like us—strong and alert achievers—complacency would not be an issue.
Increasing urgency demands that you remove sources of complacency or minimize their impact. Setting higher standards both formally in the planning process and informally in day-to-day interaction. Changing internal measurement systems that focus on the wrong indexes. Creating a strong sense of urgency usually demands bold or even risky actions that we normally associate with good leadership. The formal Mayor of Atlanta tried her best in putting things in place to decrease the crime but the people wanted to happen right then and there. The police officers were leaving due to long hours and not enough pay and then COVID hit. I would like for us to sit down and have a conversation cause the town hall meetings I’ve been too everyone can’t talk at the same time. Have programs for the youth to keep them busy because the majority of the crime is involving them. Hold the leaders accountable. You say you can do this for the community then get out here and show us why we elected you in office.
I would sit and listen to the people and have a list of the problems that are important to least important. I would have a community day where we go and talk to the community. Talk with them, listen to their concerns and ask them if they were in my positions how would they do? Have community projects to clean the neighborhoods. Because this our community, but they are the ones that live here. We can’t get rid of crime in one day but we can start somewhere to at least bring it down.
Reference
Kotter, J. P. (2012). Leading change. Harvard Business Press.
RUBRIC
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