All entries for Thursday 31 March 2011

March 31, 2011

it's difficult to identify assets

So far what we have done is about how to treat the asset in WaveRiders, for example how to maintain it, how to improve it to meet health, safety and environment policies. These are difficult and complex tasks, obviously. To start asset management, firstly we should know what is asset, which means it is important to identify the asset. But it is so difficult to know exactly what assets a company has, especially when the company is large. For example, it¡¯s the purchase department¡¯s responsibility to buy a new product, after that, the product will be sent to a particular department or person. Now the company has already got the product. At the same, the related accountants must record the purchase correctly. When the product is broken and has to discard it. The related accountants should be informed either in order to modify the record. If the accountants fail to receive the message or they make a wrong record, than there will be a gap between the record and the real product. This situation can happen frequently. For instance, the purchaser forgets to inform the accountants or the accountants overlook the message, especially when the value of product is low. The differences will certainly generate problems and chaos when inspecting the assets. Companies always use the record to manage its assets, to identify their assets and the value of them, and then give some instructions to deal with some assets. If a non-existent product is given some instructions, it¡¯s easy to imagine the problems.

pressure can be either good or bad

Different situations suit different types of leaders, or we can say different situation will generate different leaders. I can't deny the relationship between a leader's personal characteristic with his leadership style, but obviously, the environment around the leader will influence him to a great degree. It's hard to say which impaction is greater, personality or environment? We did a lot of exercises about leadership in class, but I'm sure, if we were put into real situation, things will become totally different. The significant different between the practice and real life is we didn't have any pressure when practicing so we could do anything we wanted. Even though the leaders made a wrong decision, he won't be punished, his people won't complain about it. If the practice came true, most of us would surely appear more carefully. A leader without any pressure and a leader who is under a lot of pressure will certainly behave distinctly. Pressure can be either an angel or an evil. People who feel pressure tend to be prudent and conscientious, this can reduce the probability to make wrong or improper decisions. In contrast, too much caution constraints a leader's thinking and action. Thus the leader may be lack of creativity and may lose some wonderful opportunities because more risky can generate more profit, if succeed. But his pressure make him to give up the chance. 

March 2011

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