Research Paper Assignment Example | Topics and Well Written Essays - 2500 words - 1

Research Paper - Assignment Example The traditional forms of leadership which attributed more significance to goal oriented practices have now been replaced by a relatively more human centric approach that focuses on ethics and the betterment of individuals which include both – employees as well as communities. It is hence imperative for the leaders in present times, to ensure that they lead by example and set proper behavioral norms and ethics for the employees to follow (Skovira & Harman, 2006). People centric forms of leadership such as ethical leadership approaches ensure that organizational structure is given more significance than the accomplishment of goals and management of people is given precedence over productivity. This is because processes and systems can only function effectively if the people who are required to operate and follow them are motivated and effective themselves. It is the employees who contribute in the achievement of goals and hence a highly motivated staff is more likely to help the organizations achieve their goals effectively. Leaders are hence required to play their roles efficiently whereby they motivate their staff by leading through example (Liden, Wayne, Zhao, & Henderson, 2008). Servant leadership is one such approach that centers on ethical leadership and emphasizes on developing and focusing on the employees to enable them to achieve optimum levels of performance and improve their efficiency, through self-motivation techniques thus pavi ng way for developing capable and efficient leaders of the future (Reinke, 2004). As more and more famed organizations continue to bite the dust due to a myriad of controversies surrounding their ethical policies and approach to business, calling into question their credibility and commitment to their stakeholders, the need for more ethical leadership grows stronger than ever before. The fall from grace of the renowned Lehman Brothers’ due to questionable accounting practices controversy in 2010 (Wolff, 2011), to

Analysis of Hungarian Financial Crisis Case Study

Analysis of Hungarian Financial Crisis - Case Study Example The occurrence of the international financial crisis has forced the financial markets to reexamine their patience to tolerate uncertainty. Day by day as the financial disaster increased, this, in turn, resulted in the reduction of international liquidity and also an increase in uncertainty. On the other hand, the shareholders had started to distinguish among the rising markets and judged that the Hungarian possessions have become riskier. However, it can be concluded that the vulnerability of the Hungarian economy was mostly due to these uncertainties. In this situation, the Hungarian authorities were not very sure in what way they would handle these problems. They examined the market more minutely and had increased the deposit securities as per the European Union policy. But still this policy did not work and the Hungarian government was not able to save the public from this financial crisis and there was instability throughout the economy. So, in such a situation the Hungarian gove rnment had no other option than to take help from the International Monetary Fund and the European Union (Horvath, 1-2).  Ã‚   Moreover, auctions were held to sell the new government bonds, but this too did not work. Again the shares of the Hungarian bank had fallen to a great extent. The forint had started to fall; the rates of interest had started to increase. The security market of the Hungarian government had suffered huge loss and also there was the scarcity of liquidity in different financial institutions. The Hungarian authority already had huge debt under the communist administration. The GDP-debt ratio had decreased from 90% to 50% in the year 2001. Again due to incorrect policies adopted in the year 2002 the ratio had increased to about 15% and this resulted in a 65% rise in GDP. On the other hand, the debts of the Czech Republic and Slovakia were 30% and 50% respectively (Horvath, 1-3). Reasons for Hungarian Weakness In the year 2008, Hungary was the first member of the European Union who had wanted financial help from the International Monetary Fund. This was considered as a failure of the Hunga rian government. At this moment it was very difficult to state that in the near future which are the other countries who will have to face such a crisis and which country will be most affected.