Transformational Leadership in Sianguna Highschool Case Study

Transformational Leadership in Sianguna Highschool - Case Study Example Siangua Highschool implements a leadership system wherein the all stakeholders participate through a school committee called the Site Council. The Principal acts as a facilitator. In this leadership system all are encouraged to participate and thus are given the opportunity to voice out their ideas, concerns and suggestions. This is the very essence of transformational leadership wherein "the leader must master the process that involves a whole organization in what amounts to a collective creation." Because of the need to get everybody involved, active participation cannot be avoided. Hence, with everybody given time to voice their thought, debates, and a lot of discussions ensue before plans or decisions are reached. Interviews contained in the report evidences that there are a lot of e-mails, messages, memos are passed prior to every meeting thus are just part of the additional costs that the school has to suffer. Processes are lengthened such that before a decision is reached on a n issue it will have to pass through a lot of debates and discussion. Thus by the time a decision is reached the same may be too late to pass upon urgent matters. The possible solution to hasten the process of decision making is to create small groups to address specific concerns.

Free Market System and Arguments in its Favour Assignment

Free Market System and Arguments in its Favour - Assignment Example In the fee market system, prices are also set by supply and demand, and there is no government intervention. Resources are allocated based on demand of those resources and their supply. The term ‘free market’ refers to the freedom from governmental control and regulations. Market forces set regulation themselves through supply and demand. Arguments given in favour of free market system will be discussed in this section. It is important to understand the concept of supply and demand if we want to understand free market system of resource allocation. Supply refers to the quantity of product that can be supplied by firms. Demand refers to the quantity of product demanded by the consumers. The place where demand and supply curves intersect is called equilibrium price. In free market system resources are allocated through supply demand curves only with no intervention of government. Source: www.learngoldcoins.com Proponents of free market system argue that markets balance or correct themselves and there is no need for any government intervention. According to Adman Smith, an invisible hand balances supply and demand forces and maintains equilibrium (Smith, 1776, Book IV). Invisible hand refers to the ability of the market to balance itself without government intervention, and this is the essence of free market system of resource allocation. ... If a business is profitable other firms will enter into that business driving the profits down and therefore monopolies cannot exist in a free market system. This is one of the biggest advantages of a free market system of resource allocation. Absence of monopolies and cartels is the first argument given in favour of free market system. Efficiency is another advantage of free market system. When price setting is left to market forces, firms operate efficiently using all their resources to produce at lowest possible prices. Increased efficiency is the direct outcome of competition and free market system promotes competition. All firms are free to enter into any business they want and consumers also have a wide range of products and services to go to. There is no government help or intervention therefore firms have to work out a production system that maximizes output and lower costs. This is how free market system of resource allocation promotes efficiency. Another advantage of free m arket system is that consumers have access to a variety of products and services. Whenever there is a demand it is met with supply and this allows consumers to get a wide range of products and services. When production and investment decisions are made by market forces instead of government, resource allocation is done in such a way that benefits the whole society. People generally make economic decisions that are in their interests and therefore through free market system of resource allocation an equitable system is created which benefits the overall benefit of the society. It is argued that people, and not government, know what is in their best interests and therefore resources should be allocated through free market system. In free