Rbs Abn Merger Free Essays

The Acquisition of ABM AMNRO by RBS Introduction Mergers Acquisition have become very popular throughout the world in the recent times. This has become popular due to globalization, liberalization, technological developments intensely competitive business environment. Mergers and acquisition are a big part of corporate finance world. We will write a custom essay sample on Rbs Abn Merger or any similar topic only for you Order Now This process is extensively used for restructuring the business organization. In India, the concept of mergers and acquisition was initiated by the government bodies. The Indian economic reform since 1991 has opened up a whole lot of challenges both in the domestic and international spheres. The increased competition in the global market has prompted the Indian companies to go for mergers and acquisitions as an important strategic choice. The trends of mergers and acquisitions in India have changed over the years. The immediate effects of the mergers and acquisitions have also been diverse across the various sectors of the Indian economy. Acquisition Acquisition in general sense is acquiring the ownership in the property. In the context of business combinations, an acquisition is the purchase by one company of a controlling interest in the share capital of another existing company. An acquisition may be affected by (a) agreement with the persons holding majority interest in the company management like members of the board or major shareholders commanding majority of voting power; (b) purchase of shares in open market; (c) to make takeover offer to the general body of shareholders; (d) purchase of new shares by private treaty; (e) acquisition of share capital or one company may be either all or any one of the following form of considerations viz. eans of cash, issuance of loan capital, or insurance of share capital. History On October 10,2007 Royal Bank of Scotland led consortium with RBs, Fortis of Belgium and banco Santander central Hispano SA of Spain created history by acquiring Dutch banking gaintABN AMBRO for US$ 100 billion. The consortium paid US$ 51. 55 per share of ABM AMBRO, about 13% more a s compared to the rival Barclays offer. This was one of the largest acquisition in the history of global banking industry . The consortium agreed to pay 93% of amount through cash and remaining 7% through RBS shares. Due to the 2008 financial crisis, the Dutch government nationalised the divisions owned by Fortis, while the UK government is now in effective control over the divisions allocated to RBS due to its financial bail-out of the Scottish bank. The process of integrating some of ABN AMRO’s divisions into the new owners, and divesting others, continues. Since 6 February 2010 the bank has been split into one organisation owned by the Dutch government called ABN AMRO Bank N. V. and another owned by The Royal Bank of Scotland Group renamed The Royal Bank of Scotland N. V. On this date the Dutch owned businesses legally demerged from those owned by RBS. The Dutch government own the ABN AMRO brand for use with the parts of the bank they purchased while other companies within the Group will be renamed or closed down. Objective To study the acquisition of ABN AMBRO by RBS form various perspectives. We will try to answer the following questions:- What would a SWOT analysis reveal? What were the various synergies? Was the acquisition strategy sound? Events after acquisition? Various parameters of the deal. Effect of recession on the deal. Major challenges faced by the firm. On 19 January, 2009 RBS issued a statement in which it admitted that acquiring ABN AMBRO was a mistake. It also issued in the statement that ? 10 billion that it had spent on ABN ABMRO was worth nothing by then. Also RBS incurred a loss of ? 24. 1 billion on a total income of ? 26. 9 billion. So in this report we will try to study and analyse the after-effects of acquisition. Various other similar factors are attempted to be studies. Data Research Methodology Data will be mainly sourced from secondary sources. However the management of certain firms under view will be interviewed through structured questionnaires. The data will be analysed using financial tools to access the effectiveness of the deal. An attempt will be made to evaluate the efficiency of the merged firm with the help of selected financial ratios. Analysis and expected results Through the medium of this report an attempt will be made to analyse the financial benefits of the acquisition. In addition to strategic benefits, the acquisition would deliver significant financial benefits to the shareholders. Through major cost savings and improved profitability of business lines, substantial earnings improvements for shareholders will be realised. The expectations from the deal were to strengthen all three consortium banks in their respective markets and open up new segment to accelerate their growth. The analysis includes:- Impact of mergers acquisition on employees and working conditions Looking at the financing of the acquisition and studying the possible financing options. Major challenges of the merger and the opportunities. RBS’s current expansion plans Sensitivity analysis Synergy analysis Accounting and financing structure Risk assessment and cost of capital Leveraged buy-out Estimating merger gains and cost Of course, it is easy to criticize another firm’s management but not so easy to improve it. Some of the self-appointed scourges of poor management turn out to be less competent than those they replace. Here is how Warren Buffet, the chairman of Berkshire Hathaway summarizes the matter Many managers were apparently over-exposed in impressionable childhood years to the story in which the imprisoned, handsome prince is released from the toad’s body by a kiss from the beautiful princess. Consequently, they are certain that the managerial kiss will do wonders for the profitability of the target company. Such optimism is essential. How to cite Rbs Abn Merger, Papers

First Words free essay sample

Since Ive always been known as â€Å"that shy kid† and â€Å"the girl who never talks†, Im not sure what was going through my mind when I decided that I wanted to speak a different language fluently. Maybe this life-changing epiphany struck me as I was staring blankly at some thought-provoking question—what are you passionate about? Or maybe I was admiring the cadence of a womans voice on the Spanish news one day as I flipped channels on the television. But somehow, I decided that this is what I want to do. A friend of mine, who is from Colombia, found this hilarious. He said, â€Å"Its good that youre learning Spanishbut you dont even speak English!† I guess thats true. Its hard for me to talk to new people. Sometimes I am self-conscious and am worried I may sound stupid or that someone might make fun of how I pronounce certain words. We will write a custom essay sample on First Words or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page But now that Im starting to speak Spanish, the only thing I can do is accept that I definitely sound stupid and people definitely will make fun of how I pronounce certain words. The other day, I tried to be funny in class (a word of advice—dont try being funny in Spanish class) by saying â€Å"the bunny is terrorizing†. My teacher stared at me, puzzled, and thats when it dawned on me that I had just said, â€Å"the bunny is landing†. And that story does not even compare to the one when I incorrectly conjugated a verb in freshman year and accidentally swore. When youre learning a language, there is no way to avoid mistakes. I suppose you can study for a Spanish test using all of the test-taking strategies your high school teachers have been training you to use and get a perfect score. But in the real world, when youre dumped in a room full of native Spanish-speakers, you dont know anything. You are yet again a baby learning her first words. Thankfully, most native-speakers are patient and excited that I am willing to learn their language, even if they do laugh at me. At times, I do—and will—fail. That is scary. Its also scary that I know that the only way to learn how to speak another language fluently is to immerse myself in it, to roll around in the accent and the culture and essentially, jump into the unknown. I am yet again a baby learning my first words. I am just â€Å"that shy kid† and â€Å"the girl who never talks†, but somehow I will learn how to swim in these new waters of a different language. Learning Spanish (and since I have discovered my passion for language, also learning Italian) is opening an entire world for me—literally. George R. R. Martin once said that â€Å"a reader lives a thousand lives before he diesthe man who never reads lives only one.† Maybe, in that same way, a person that learns another language can live in two worlds at the same time, while a person that only knows one language can only live in one. There are about 500 million Spanish speakers in the world. Learning Spanish means that there are about 500 million more people that I can talk to, whose stories I can hear, and whose perspectives I can see. So as I walk down the streets of the neighborhood nicknamed â€Å"Little Lima†, or order â€Å"un plato de comida tipica† at the Mexican restaurant, I jump into my new skin. I roll all my Rs no matter how ridiculous I might seem. I try to understand the families speaking to each other in their native tongue. I am not so quick to change the channel from Univision to News 12 anymore. No matter how ironic it is that I am learning Spanish when I dont even speak English with confidenceI cant worry about being quiet anymore. I have to speak. That is the only way I am going to learnby jumping into the unknown.

Astronomy Research Paper How to Prepare with Ease

Astronomy Research Paper How to Prepare with Ease Astronomy is the branch of science that studies celestial objects such as planets, sun, and moon. It can also be summed up as the study of objects and space beyond the earth’s atmosphere. Writing an astronomy research paper helps expand the knowledge of the writer to the facts surrounding the formation of the earth and the celestial objects. A proper way of writing an astronomy research paper encompasses comprehensive investigation, thorough planning and organization of points to a comprehensive structure. Topic Selection This step can be considered as the first of the writing process. Selection of topics to cover is very crucial as they have to be interesting to the reader as well as be easy to explain. The topics selected in this section should be straightforward and to the point. The following are a few of the topics one can cover in the essay: The Formation of the Solar System. This is the topic that entails the creation of the solar system through various theories. This topic covers a wide area and can significantly improve the writers’ and readers’ knowledge of astronomy. Planetary Comparisons. After the formation of the solar system, one can move down to the comparison of the components that form the system, for example, planets and asteroids. This topic requires critical thinking and is mentally engaging as there is a comparison of the differences in planets’ size, distances, and physical, and chemical properties characteristics among others. The Universe and How It Relates to the Earth. The topic entails the exploration of space, the matter in it, galaxies, stars, and other celestial bodies. All these components have a direct or indirect relation to the earth and highlighting these leads to a proper understanding of the topic at hand. Major Astronomical Milestones in History. This topic can be strategically included to raise the reader’s interest in the essay. There are significant steps that man has made in the astronomical field that are worth highlighting such as the first trip to the moon, deployment of exploration machines and robots among others. Effects of Celestial Objects: Asteroids, Moon, and Stars on the Earth. In this astronomy subject, one acquires intriguing facts on how each object can affect the planet directly or indirectly. This topic will introduce you to new information that will lead to a different understanding of the universe in general. Pre-Writing Tips to Get Ready for Actual Writing After highlighting the topics and carefully analyzing them, one can choose the most appropriate one in terms of content and interest. At this point, one has to evaluate how to present the content in terms of structure and outlining the points. The following are some of the pre-writing tips to consider while writing the essay: Picking the right structure. Depending on the type of essay you are writing, say informative, descriptive or a persuasive essay, effectively select the proper structure with which to relay the information garnered. When the structure is identified, one has a starting point and the suitable guidelines to use. Points of argument. In this part, one should critically think of points to put down while considering the structure and flow. Formulate the prime points to concentrate on as this makes the writing process easy and enjoyable. It is also important to identify the strong and weak points of arguments and preferably use the strongest ones first to ensure the essay has well-substantiated content. Such ensures a streaming flow of ideas. The main argument of the essay. The selection of the primary points to be used should be done keenly as they are supposed to fulfill the agenda of the essay. An effective essay is the one that has an argument and sufficient evidence to support the argument. The writer should, therefore, evaluate the prime points selected about how they relate to the main argument, think of how to communicate them, as well as ensure they support the research paper’s claims. It is also important to note the counterpoints or questions that may be raised and to find an effective answer for them. Research on the topics. The writer should research on the topics selected adequately to acquire all the information necessary to support your claim in the argument. Conducting effective research will guide one to new critical ideas, gaps in prior studies, and even ideas that were rendered valid or illogical, all of which can help the writer attain clarity when defining her/his research paper. It is in this stage that the writer decides how to approach the topic and whether to widen the research or narrow it to cover her/his idea effectively. The flow of points. After thorough research on your topic, organize the points in a flowing and logical manner to create an outline of your essay. Formation of the outline helps narrow down the major ideas to concentrate on when writing the research paper. The outline also helps to determine if the points correlate and support your argument in work. Creating an Outline as a Guiding Star: Tips from Our Top Experts An outline is responsible for steering the direction of the research and providing a good sense what it will tackle as it introduces the main argument while stating the key points and claims to be incorporated. The outline guarantees a smooth and enjoyable writing process as well as clear and coherent content. The following are some of the points to consider while creating an outline: The introduction. Begin with an introduction when formulating an outline. It should be short and to the point, laying down the topic and the main argument of the essay. It should provide a brief overview of the topic and end with the thesis statement. The body paragraphs. Every paragraph should have a different point and its supporting evidence. First paragraph (contains the topic sentence). This paragraph should cover the topic sentence, the main argument and what is to be discussed in the essay. It should be clear and easy to understand to evoke interest in the reader. Evidence. Jot the evidence that supports your ideas, and properly argue your points. Second and third paragraph. Guided by the same structure of the first paragraph (highlighted above) list down the claims of the following paragraphs. Formulate a topic sentence that indicates the point that each paragraph will be addressing. One should also use ample and credible evidence to support each claim made in the paragraphs. Ending each paragraph with a critical evaluation of your topic also indicates a proper understanding of the topic at hand. Conclusion. In this section, sum up all the claims in the body paragraphs properly and restate the thesis statement. In other words, the conclusion should sum up all the arguments of the essay to form one strong point. Other things to consider. An outline should be brief and direct to the point estimated at around one to two pages. It should also be well-organized and neat. Ensure to make use of bullet points to properly list the primary ideas and claims to focus on in each section or paragraph. Simple and clear sentences help highlight the fundamental ideas in an understandable way. Organization/Writing the Research Paper After creating an outline, the next step is about writing the research paper. This part consists of the elaboration of the information in the outline in a more organized way while providing evidence. Writing an astronomy research paper should be done in three primary sections which are the introduction, the body, and the conclusion. Information and evidence provided in each section should be well-coordinated to properly support your claim. The Introduction This part is the opening of the astronomy research paper that introduces the topic to the readers. The introduction should clearly state the main argument of the essay and focus on stating this claim. Applying the following points is also essential: It is advised to start with a catchy phrase that will raise the interest of the reader encouraging her/him to read the entire essay. In this case, one can start with the definition of the term astronomy, use a quote or even share an interesting fact concerning the topic. Offering brief background information about the topic will also go a long way to inform the reader of the direction you are taking. Concentrating on the main points ensures that the information does not create confusion or become boring. The next step is highlighting the thesis statement or argument. Once the topic is introduced, one should present his claim, which ideally should be brief and to the point. The length of these statements usually varies with the length of the essay. One or two sentences are preferable as they keep the introduction short and precise. The Body The body is the crucial part of the astronomy essay as it comprises the supporting statements and evidence to the writer’s claim. The ideal number of paragraphs in the body of an astronomy essay should be three or more (depending on the instruction given). They are intended to help you argue your point and, for this reason, should be presented orderly and in a logical manner. The flow from one paragraph to the next should be seamless to guarantee clear understanding, proper evaluation, and defending of the thesis. When writing the body, one should consider the following: Using the outline, including paragraphs that support the central theme and further assist your argument. Start each paragraph with a topic sentence that indicates what the paragraph entails. Use credible information to support claims introduced in the topic sentences. Also, properly analyze and describe how the evidence provided relates to and strengthens your arguments and the thesis in general. When writing an astronomy research paper, one can provide several examples to indicate or support your argument clearly. Furthermore, one should ensure that the paragraphs are full (approximately six to seven sentences) and well-written to articulate the points. Using the previously made outline, make sure there is a streaming flow of ideas in the essay. Avoid repetition of points to properly distinguish the paragraphs. Ensure that the arguments are presented in a logical order. Paying attention to chronological order, emphatic order and spatial order when presenting arguments indicates a good understanding of the information being presented. This will greatly assist you when you make compelling claims in your thesis. The Conclusion This is the point in the research where the writer sums up all the claims and points made in the body section. Usually, the conclusion brings together all arguments in one paragraph and restates the thesis statement to clearly indicate that your thesis is valid and logical. The following steps are hugely used in this section: Summarizing the argument by pinpointing the major ideas in the essay while at the same time indicating how they connect to the thesis. Avoid introducing new ideas at this point as it creates confusion. Instead, concentrate on what was analyzed previously. One may choose to elaborate on the argument they made though it is not a mandatory procedure. Explaining the significance of your thesis may be in defense of your stand as the writer or as a call to the reader to take a certain action or stand. Post-Writing Tips After the conclusion, the astronomy research paper writing part is done, and all that remains is to through the work to verify that the paper has nil errors and flows accordingly. The following are some of the activities you should focus on: Proofreading/editing. This stage is used to eliminate any errors that may have come up due to negligence, misuse of words, typos and incorrect use of tenses. After completing the writing process, you can take a break before going through your paper and editing the paper accordingly. Referencing. Usually, academic essays require a reference page that lists all the sources utilized in writing the essay. Ensure that you include all the credible books, articles or journals that you have used for the essay research on the reference page. References Bailey, J. M., Slater, T. F. (2003). A review of astronomy education research. Astronomy Education Review, 2(2). Lea, M. R., Street, B. V. (1998). Student writing in higher education: An academic literacies approach. Studies in Higher Education, 23(2), 157-172. Coffin, C., Curry, M. J., Goodman, S., Hewings, A., Lillis, T., Swann, J. (2005). Teaching academic writing: A toolkit for higher education. Routledge. Janelle M. Bailey, Doug Lombard. Blazing the trail for astronomy education research. Journal of Astronomy and Earth Sciences Education; Littleton (2015): 77-88. Pena, B. M., Gil Quilez, M. J. (2001). The importance of images in astronomy education. International Journal of Science Education, 23(11), 1125-1135.

Essay S Asia E

Essay S Asia E Essay S Asia E Name: Samara Pereira Water Crisis in India The supply of water in India is being affected by several forces. Being the second world largest population, India requires more water to sustain itself. The growing economies, as well as the large agricultural sectors, have made the country’s water resources to get stretched as years pass by. At the moment, the country’s water supply is dwindling due to significant mismanagement of water resources, pollution and also over pumping of ground water. Climate change is another factor that is affecting water supply in India (Nina, para. 1-2). Therefore, the crisis of water supply in India is predominantly man-made as opposed natural means. This is because the climate of India is not dry. The country is endowed with many huge rivers and water bodies making it impossible for groundwater to lack. Extreme mismanagement of water resources by the government is the leading force for the water crisis in the country (Nina, para. 2). There are many unclear laws r egarding water supply that results to a large population lacking access to water supply. This on the other hand is as a consequence of the poor governance and corruption in the water ministry. Agriculture is the other factor that is resulting in the water crisis. This is because over 80% of the India’s population deals with agriculture (Nina, para. 2-5). The other force is the industrial usage. At this point, you realize that there are many industries in the country that rely on water for their operations. As such, lots of water is being used than can be replaced. Also, the manufacturers produce lots of wastes that end up in water sources thus making it unsafe for domestic usage. As such, the primary cause of water crisis is economic greed and corruption within the government. The problem of water can be solved in different ways. The first way should be the removal of the corrupt officials in the government (Nilanjana, para. 6). This will ensure that the ministry involved wit h water management is left with non-corrupt people. To serve as a lesson to the rest of the politicians, the officials that are found guilty by interfering with the supply of water should be severely punished. The other method would be setting clear laws regarding water usage in the country. According to Nina (par. 2), India lacks explicit legislation to govern water supply. Once the laws have been established, it will be easy and possible to monitor the water management in the country. This is because there will be people on the ground to oversee the way water is distributed in all villages. The government should also come up with laws regarding water pollution by the industries. As such, all industries should be mandated with setting up of waste treatment and management sections. This will ensure that the water that is being released to the environment does not contaminate the ground water. Notably, all industries should be issued the limit of the water that they should use per ye ar. This will ensure that there will be no industry that overuses water. In inertia, this will act as one way of limiting water wastage by the industries. The provision of dependable, clean drinking water can be achieved once the government has established piped water in all villages. This will ensure that every homestead has access to safe drinking water. Also, the government should sensitize citizens to the importance of harvesting rainwater. This will act as one way of limiting water wastage by citizens. As such, the government should come up with ways to provide the poor with harvesting materials such as roof tanks or even build them underground water storage (Nilanjana, para. 6-10). Also, the government should restrict the

Theoretical Criminology Mid-Term Assignment Example | Topics and Well Written Essays - 1750 words

Theoretical Criminology Mid-Term - Assignment Example It is, however, worth noting that these ideas about natural reality were not scientific, but rather based on mere observation of nature (Cullen & Agnew, 2006). Good and evil were thought to exist in the natural world. It is worth noting that the developments of legal definitions as well as the treatments of crime are founded on the attempts to understand the natural explanations for crime in the physical world. Under the spiritual explanations of crime, the feudal lords in Europe during the middle age designed ways, which they thought the guilt or innocence of an individual could be indicated. One of such methods included trial by battle. In this method, the victim or a family member of the victim would fight with the offender or a family member of the offender. It was believed that God gave victory to the innocent party. Trial by ordeal was introduced in which the accused person was subjected to a painful and difficult situation (Tierney, 2006). The guilty party would die with pain and agony while (through God’s protection) the innocent party would go through such an ordeal unharmed. The aforementioned method was replaced by compurgation a method that involved the accused calling twelve individuals who were reputable in the society who would then swear that the accused person is not guilty. The idea of prison today emerged from the earlier concept of isolating the criminals in cell s where some were subjected to manual labor while others were given the bible to read (Tierney, 2006). The natural explanations for crime generally use events as well as objects found in the world for purposes of explanation what ensues. The divine sanction of the law in the traditional society provided a justification of natural explanations for crime. It is due to this that the rule of kings became natural law, as it was considered to be by divine right. The material and physical world are still used by social scientists in the modern society to seek natural explanations of

Project management Essay Example | Topics and Well Written Essays - 750 words

Project management - Essay Example Janis is in a position of power and she has to create an effective communication plan to ensure the success of the project. The first step in the communication plan is to ensure all the key players have the proper communication devices. The company must provide Janis, Clark, Downs, and Pokorski with a smartphone. I recommend the firm purchase four iPhone 4. A smartphone has the capabilities of connecting to the internet which can enable the different managers to send data and information to Janis instantly. The company should also design a mobile application that enables these workers to connect to the company intranet. A lot of businesses in the 21st century have realized the benefits technology offers to improve communication and are taking advantage of its capabilities (Goessl, 2008). Janis also has to create a system to ensure these managers communicate with her on a routinely basis. My recommendation is for the four professionals to have weekly meetings. The meeting can occur ei ther face to face or virtually. The virtual meetings could take place using the services of Skype. Skype is an internet service that enables its users to make video calls free of charge (Skype, 2011). Janis has to be able to manage her human resources effectively to avoid conflicts. The company placed Clark, Downs, and Pokerski in a tough position because they gave Janis the ability to access the resources these managers have at their disposal. It is possible that Janis might ask for work from these managers which might place them in a conflict in regards to their regular work schedule. Janis has to be considerate in her requests. Janis can minimize the conflicts by giving the managers a head start. This can be done during the weekly meetings. If Janis needs to use the employees or resources of the managers she can schedule their services a week in advance. There are always potential risks that project managers might face in any project. A risk is something that may happen that can have a negative impact on a project (Projectperfect, 2011). Janis has to realize a risk assessment in order to find ways to minimize the risk. The project Janis is in charge of is a construction project. An inherent risk the company faces is not selecting the proper construction crew for the project. A way to lower that risk is to hire only workers that have at least three years of experience in the construction industry. Another risk of this type of project is potential accidents to the workers. To offset this risk Janis must purchase insurance. A third risk that Janis might face in the project is time related issues. The project could get delayed which would hurt the plans of the company. A good way to minimize the risk of the project being delayed is by Janis using a work breakdown structure. A work breakdown structure can be defined as result orientated family tree that captures all the work of a project in an organized way (Chapman, 2004). The great thing about using a work bre akdown structure is that it allows the project manager the ability to divide the work in different deliverables. It is easier to estimate the time it takes to complete each deliverable separately. The work breakdown structure can also help the project manager lower the risk of exceeding the stipulated budget for the project. Janis has a budget of $2.75 million for the Alabama construction project. For this project to be completed on time and within budget Janis has to do a good job of communicating

Leadership Assessment Essay Example | Topics and Well Written Essays - 1750 words - 1

Leadership Assessment - Essay Example Leader’s focus remains on the people and importantly on ways to inspire them to face new challenges and to perform in any state of affairs. Not to panic at any rate is the most indispensable quality of a leader. Every leader has the quality of maintaining the confidence level up and to assure followers that the whole thing is going to be fine. To be humorous and comical with the employees is an additional great quality that differentiates some leaders from others. According to a study, females have more leadership capabilities than males. Traditionally leadership tasks were associated with men only but over a period of time women are increasingly getting involved in the leadership jobs (Eagly & Johannesen?Schmidt, 2001). LEADERSHIP STYLE There are many styles of the leaders which are being followed but three major leadership styles are commonly used in organizations. These common leadership styles are as follows (Eagly, Johannesen-Schmidt, & Van Engen, 2003): Autocratic, also known as ‘authoritarian’ Participative also known as ‘democratic’ Delegative also known as ‘laissez-fair’ Authoritarian (Autocratic): Example of expression for the above style is, â€Å"I want both of you to. . ... . .† In this style, there is a leader and one or more employees are collectively involved in making of the decision (deciding what to do & how to do). This style is a mark of potency to work in a team and not a sign of weakness of leader. This authority is bring into play when knowledge or information of others employees can prove valuable contribution. By using this authority, a benefit of mutual understanding allows every other member of the organization to participate for the betterment of decisions (Sosik & Godshalk, 2000). Delegative (Laissez Faire): Example of expression for the above style is, , â€Å"You two take care of the problem while I go. . .† This style allows the employees to make their contribution and take decisions. The style is used when the employees have enough knowledge about the situation and know what to do and in what manner the work is to be done. Leader’s complete trust on the capability of employees and intentions to develop decision m aking capability in employees results in leader to adopt this style. Leaders increasingly use this style in the current professional world (Sosik & Godshalk, 2000). My manager in the current organization has adopted the combination of the three styles. The collective feature of all three defined style have had significant positive impact on my attitude towards works as well as entire organization. With participative decision making our managers enabled us to work in team and incorporating the best of suggestions for the task completion. This participative style adoption was ordered by leader using his autocratic powers. Hence, the manager enabled all employees including me to make decisions with responsibilities