Krystal's BLog
Tuesday, April 10, 2012
Grad School???
Decision Making: To go to grad school or not to go to grad school?
Option 1: Go to Grad School
Outcome 1: Get into Top Grad School
Value: 10
Prob: .2
Sum: 2
Outcome 2: Get into middle level Grad School
Value: 70
Prob: .5
Sum: 35
Outcome 3: Get into a lower level Grad School
Value: 40
Prob: .3
Sum: 12
Expected Value of Option 1: 49
Option 2: Don't Go to Grad School
Outcome 1: Save lots of money in loans, Make money
Value: 50
Prob: .4
Sum: 20
Outcome 2: Don't get a Higher Level Position, Make less money
Value: 15
Prob: .6
Sum: 9
Expected Value of Option 2: 29
I will most likely attend grad school in the fall and be going to a middle level Grad school. The benefits outweigh the costs in the long run for me. The expected value is higher for attending grad school.
Option 1: Go to Grad School
Outcome 1: Get into Top Grad School
Value: 10
Prob: .2
Sum: 2
Outcome 2: Get into middle level Grad School
Value: 70
Prob: .5
Sum: 35
Outcome 3: Get into a lower level Grad School
Value: 40
Prob: .3
Sum: 12
Expected Value of Option 1: 49
Option 2: Don't Go to Grad School
Outcome 1: Save lots of money in loans, Make money
Value: 50
Prob: .4
Sum: 20
Outcome 2: Don't get a Higher Level Position, Make less money
Value: 15
Prob: .6
Sum: 9
Expected Value of Option 2: 29
I will most likely attend grad school in the fall and be going to a middle level Grad school. The benefits outweigh the costs in the long run for me. The expected value is higher for attending grad school.
The Politics of Going to College
This unexpected issue of whether or not Americans should aspire to obtain a college degree has arisen in the 2012 election. The more unexpected thing is Mitt Romney and Rick Santorum's view on this subject. They both have made comments about the government not being responsible for paying for higher education, and the Obama just wants Americans to be a clone of himself could come back to bite them in the butt hard. Romney is very blunt in what he is saying and it has gained a lot of attention in the past month from student, parents, and concerned Americans. I found it very interesting that the people without higher educations have a tendency to vote republican, and the people with a higher education of some sorts vote Democrat. I would have never thought the democrats would support the more educated because of their growing pull at the polls. In the past the less educated was higher in population and thus lead to an advantage in the polls. This is where the republican views come in. As they are saying they don't support the Pell Grants and the federal scholarship money being given out by he government for higher education, they have to take into account the white American working-class whose kids depend on that money. This fact alone could spell disaster for the republican party. The cost of living has also increased in America along with the gap between gross income without any higher education compared to gross income with a higher education. So where does that leave the issue of importance of higher education?
Obama vs. Buffet
These two articles had very different leaders displayed in them. First was Obama who seemed to me as more of a 'brand" due to the people who created it, rather then by his own making or skill. Next, was Warren Buffet who through trusting his instincts, acting rationally, being relatable, and being patient has successfully created a great leader. He is one of those people who lead by example.
But first the Obama article. I think this article did Obama a injustice, it did not do a good job displaying his leadership "brand" well. It brought up the fact the he did have a great marketing team and that helped him tremendously, but he himself lacked a little whoa factor other then campaigning to be the first black president. He was also able to do something that not alot of other candidates was, he reached an age group that used to be unreachable. He portrayed himself in a way through marketing that allowed youngsters to get engaged. He used his breaking racial boundaries to portray himself as this big powerful leader. His over image of leadership was hands down his biggest strength. Without his image I don't know if he would have been voted president and been as successful as he is. He seemed to be current with technology and social media, he attracted the younger population, and he seemed to stand for change. At where the country is we believed in change because it is what we needed to believe.
But first the Obama article. I think this article did Obama a injustice, it did not do a good job displaying his leadership "brand" well. It brought up the fact the he did have a great marketing team and that helped him tremendously, but he himself lacked a little whoa factor other then campaigning to be the first black president. He was also able to do something that not alot of other candidates was, he reached an age group that used to be unreachable. He portrayed himself in a way through marketing that allowed youngsters to get engaged. He used his breaking racial boundaries to portray himself as this big powerful leader. His over image of leadership was hands down his biggest strength. Without his image I don't know if he would have been voted president and been as successful as he is. He seemed to be current with technology and social media, he attracted the younger population, and he seemed to stand for change. At where the country is we believed in change because it is what we needed to believe.
Warren Buffer on the other hand portrays a leadership style that is patient and well-maintained. Through trusting his instincts and not giving into the general population he has been able to maintain his reign of power. I believe his hard working persona is more ideal for leading the masses, because he can relate and tries to. His calm demeanor allows him to really hear what people are saying and what they need. Many would call him very relatable just for simple facts that he doesn't buy the huge house or send a prewritten letter to stockholders. His personal touch has allowed him to be accessible to many and therefore respected more. I feel that Buffet is on of those people who does not start from their opinions or views. This was a much more enjoyable article for me to read.
Overall, I would say someones image is everything and that alone can sway millions of people or just the few that matter.
Thursday, March 15, 2012
Management vs. Leadership- what are the differences?
I thoroughly enjoyed this topic because I feel there are a
lot of differences and similarities between Managers and Leaders. I agree with
a earlier blog I read about how we as students are taught to be better
managers, but only told to be good leaders. How can it be so important to be a
great leader but not explain to us better on how to achieve this? In a competitive
business school it’s said that we should strive to be leaders, when in reality
that is not the best fit for many students. I like sports examples and this is
where one fits perfectly. Some people don't like being in charge and get nervous
or panic if they are shoved in a leadership role, where others relish in the
thought of leading others. I would not want a captain who never spoke, or
didn't cheer me on, and didn't try to help me. People should not be put into situations
where they don’t belong just because it’s believed to be where they should be.
I truly do believe leaders are naturally born in most cases and are products of
their environment. People shouldn't count out managers and followers because
they are what keep a company moving. Overall Leaders to me are captains to a
team, and a manager is a coach.
Does Personality matter in Leadership??
I believe that a leader’s personality plays a huge role in
the success of their leadership. On the other hand I don’t think that there are specific
personality traits that can be said to guarantee to result in
effective leadership. I believe that the success of the leader is a product of their environment and the culture of the company. Interpersonal relationships also play a huge role in the effectiveness of a leader. If your employees don't respect you or understand you, you will achieve nothing. There are important characteristics that are imperative in all
situations. Someones internal locus of
control and being able to get along with many different kinds of people are key factors as well. I think leaders that are well organized, self-motivated, and reliable prosper. When a leader exudes these traits it fosters a healthy work environment as well as a sense of trust. A self-motivated leader is one that leads by example. Take me for instance, I have a personality where I won't ask or expect something from someone unless I can do it myself. I played numerous sports in high school but excelled in Ice Hockey and Softball. When I was named captain of both of my teams I choose the path of being a leader by example. I embodied what I wanted of other and expected, this lead to expectations being understood and achieved. I felt like I had the respect of my teammates and we had a common goal in winning. This trait in me is an example of having an internal locus of control. A internal locus of controls means a person thinks that their success is due to their own efforts and merit rather then by luck. I also am a firm believer in fostering relationships with either employees or teammates. Getting along with different personalities is very important in achieving satisfaction and in the long run productivity.
When it comes to the personality tests we were asked to take I feel like we can learn a lot about ourselves, it might bring something to light that you would have never thought. As far as whether the results dictate a effective leader, I would say no. There are always exceptions to things, and many people can surprise you. For example mine said I was introverted, this I feel is off because I am a social butterfly and love being in a group or team. I am not someone who can sit in my room and do work alone, I'd much rather go to the library and work at a table with my roommates.
Overall, I think personality plays a vital role in
the effectiveness of a leader, but its not the only role. There are many kinds of leaders that come form many different environments and situations that all call for a kind of different leader. This being said there is no set mold for what personality traits dictate a successful leader.
Tuesday, March 6, 2012
What motivates us?
What motivates us? Well there are countless answers to that question, but the three main ones we are focusing on are: Automany, Mastery, and Purpose. Most people think of motivation as external rewards like money, but now we are learning that is not always the best method of true motivation. Many people are challenging that traditional notion of "if you want someone to do something for you, give them money/a reward", with saying high performance and satisfaction at work is the basic human need to direct our own lives, to learn and create new things, and to do things better by ourselves. Like the youtube clip stated, "The reward-based incentive actually creates poorer performance in any group of workers for cognitive tasks, regardless of economic background or complexity of the task involved." This notion has now been proven over and over again. I loved the example of a software company giving their employees one day off to work on whatever they would like and at the end of the day would have a party and share what they had worked on. Having such an open forum to create things fosters innovation and creativeness so well, and as I'm learning has led to the companies success. I am someone who loves sports and has always had them come very easy to me, so when I joined Ship women's rugby it was a shock to be to not master it right away. I was driven and motivated to work even harder in a sport I barley understood because I wanted to master it. Going to practices and extra practice sessions gave me purpose to continue on with rugby and expand my knowledge of the game. Every week we have runs, gym hours, and library hours and it makes us embrace the idea of automany. If we attend all these things will will reap the benefits on Saturday in a game when we are in better shape and can play longer and harder than the other team. So if I were to ask myself what motives me, I would say to become the best I can be at something. What would you say motivates you?
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