Economic Recession in Ireland 2007-2012

â€Å"Ireland’s Great Recession. † The Irish Economy, 2007-2012. The title of this essay, â€Å"Ireland’s great recession,† refers to the Irish economy from 2007-2012. From my research into this essay, I found that the Irish economy of this period could be referred to as â€Å"The Great Depression. † There are parallel similarities to the Irish economy now as experienced in America in the 1920’s. This essay will examine what a recession is, why Ireland is in a recession, the effects and face of the recession, and my own personal views on the crisis.Not a day goes by when you don’t hear stories of â€Å"doom and gloom† in relation to Ireland’s economic state of affairs. Everybody you talk to has someone belonging to them or knows someone who has had to emigrate. Australia has replaced America as the land of hope and dreams, as thousands flock our shores in search of a better life. Within the country recession has not only resulted in mass emigration. Internally people are struggling to repay their mortgages because of the housing collapse. Wages have been cut and taxes have been increased. Disposable income for many a non-entity.Ireland was the first EU country to declare itself officially in recession in August 2008. We are the second EU country to have a structural adjustment programme imposed by the IMF/ECB/EU, known as ‘the Troika’. The turnaround of the Irish economy has been dramatic – from one with the highest levels of GDP and employment growth to among those with the highest unemployment, emigration and debt levels across the EU – in the space of just a few short years. The recession has affected everybody, young and old. We are in a time where we have to cut spending in order to meet our EU obligations.The financial crisis that sparked the recession and collapse of our banking system is the most serious problem that we face. The Calm before the Storm- The Celtic T iger Years(1995-2007) â€Å"The Celtic Tiger† was a term used to describe the boom years which our economy went through from around 1995-2007. UK economist Kevin Gardiner coined the term â€Å"Celtic Tiger†, comparing Ireland's unexpected economic take-off to the Asian tiger economies. Many believe the foundations of the Celtic Tiger were laid in the 1990’s in a Dublin pub called Nesbitts.It was here that politicians, economists and civil servants met to discuss future government policies. It was agreed that the government of the day should cut taxes, lower interest rates, reduce import duties which would encourage foreign investment. It was later referred to as the â€Å"Doheny & Nesbitt School of Economics. † Our generous corporation tax of 12. 5% enticed foreign investment into the country. The fact that Ireland was a member of the European Union since 1973 helped enormously. The EU pumped vast amounts of money into infrastructure and grants especially in the agricultural sector.It meant a single currency and free trade within the EU. Ireland had an open economy where trade was promoted and thrived, especially in the area of exports. Ireland has a workforce that is highly educated and attracted further investment especially from high-tech and pharmaceutical industries. As the economy started to grow so did immigration into the country, as there was lots of work particularly in the construction industry. There was a surge in demand for housing and as a result this triggered the housing boom. Banks were encouraging customers to borrow as there were low interest rates.Property prices began to rise and many people sought property as a form of investment not just as a home. Property developers became millionaires over night as a result of the property boom. People in Ireland began living lavish lifestyles and in a lot of cases had lost the run of themselves. Collapse of the World Financial Market On the 15th of September, 2008 Lehman Brothers, one of America Largest Investment Banks in the USA, declared itself bankrupt. Major panic broke out on the inter-bank loan market as a result.As share prices declined, many large and well established investment and commercial banks in the United States and Europe suffered huge losses and even faced bankruptcy, resulting in massive financial assistance. Ireland is a very small fish in a big pond. Ireland is an open economy and our banks, like our businesses, trade with other banks. Irish Banks borrowed huge sums of money on credit from foreign banks. Our main source of repayment was taxes through our construction industry. What resulted was a domino effect; when one major bank fell the others in turn throughout America and the EU started to fall.Governments stepped in pumping billions into their banks to save them. The collapse of the world financial markets triggered the recession but some countries suffered a lot worse than others. Ireland is one of those countries, becau se Ireland borrowed beyond their means but mainly to support the purchase of private property. Recessionary Times A recession is a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters: (oxford Dictionary) GDP is made up of private consumption, government spending, investments and exports-imports.A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. It is also a term that people refer to when there is on-going hardships that people face in their daily lives. In recessionary times people have little disposable income and money is more often spent on necessity items like food and clothing, whereas luxury goods are beyond reach for many. Banks The crash of our banking system was the biggest cause of our country going into recession. Our banks lent recklessly when times were good.Loans were given to people without consideration. People within the banking system were paid bonuses the more they lent. Most people seeking these loans did not meet international regulations. The banks misguided thousands of ordinary people by giving these loans for enormous amounts, knowing that they realistically could not afford repayments. During the Celtic Tiger period of growth, capital to finance Ireland’s boom was raised in the interbank market, typically on a three-month basis, but with repayment not expected until two or three years later.When Irish property values went into decline and the freezing-up of the world's interbank market in 2007, it was certain by the start of 2008 that the Irish banking system would have great difficulty in financing its day-to-day operations. This trading difficulty, and inadequate supervision by the regulatory body, led to a series of government interventions, starting with a Bank guarantee in September 2008. It is nearly four years since the fateful night o f September 29th/30th 2008 when the Irish government guaranteed the key financial liabilities of our biggest banks.That decision has dominated national politics since then. For the economic and political consequences of that decision are immense. Since 2008, Irish taxpayers have invested â‚ ¬64. 1 billion into our banks. In addition to that direct investment, we have also indirectly invested a further â‚ ¬6 billion through NAMA (National Account Management Agency). That was the estimate given by the Controller and Auditor General, in May this year. He reported that NAMA had paid Irish banks â‚ ¬32 billion for loans that were, in fact, worth only â‚ ¬26 billion. In total then, we have already pumped â‚ ¬70. billion into our ailing banks. That’s the equivalent of â‚ ¬46,700 for every person working full-time. It’s a second mortgage that we didn’t want and can barely afford. And we mightn’t be finished yet in terms of how much money we have to pump into the banks. As of December last, the balance sheets of the three main Irish banks (AIB, Bank of Ireland and Irish Life & Permanent) showed a book value of their loans of â‚ ¬218 billion. But the banks’ own aggregate estimate of the fair value of those loans was only â‚ ¬181 billion, some â‚ ¬37 billion below their balance sheet carrying value.That suggests further heavy loan losses to come. Construction Industry During the boom years, demand for housing increased. It increased as a result of many factors: population growth, investments, tax breaks and low interest rates. As a result of this demand there was a rapid growth in housing and house prices began to soar. â€Å"The TSB/ESRI Index reveals that national prices increased at an average pace of almost 15% per annum between the years of 1997-2006, resulting in a cumulative increase of 240% over this period. † (class notes) Ireland tried to grow its economy inward through construction.It did so but there was too much emphasis put on construction. There was far too many people employed in the construction sector and there was an over reliance on construction industry alone to grow our economy. â€Å"Around 330,000 jobs have been lost since employment peaked in 2007, with the construction industry accounting for more than half of this total. † (class notes) Inflation of Egos Whether you are a banker, builder or bus driver it seemed that everyone had a second car and second home during the Celtic Tiger years.Having a little place in the sun seemed the norm. However thunder storms have emerged since the recession. People were running up massive debts in a society gone mad. People were borrowing beyond their means with banks only too happy to oblige. While people must be responsible for the choices they make, perhaps the banks, the so called experts in finance should have been more responsible. Everybody jumped on the band wagon; some builders built houses too quickly, c heaply and not following safety regulations. Priory Hall) Tradesmen were demanding and receiving vast sums of money for their work. According to Ronan Lyons an Economist in Oxford University, a recession becomes a depression when you have a fall in GDP by more than 10%. He has compared both job losses in the USA in the 1920’s to that of Ireland now. The results are striking. As the graph below shows, Ireland’s situation closely resembles the Great Depression. (Lyons ,2012) Irish GDP has fallen recording a peak to trough fall of 12. 4% (Class Notes) ConclusionAs I said earlier Ireland is a small fish in a big pond. The majority of people like to point the finger at the last government as I would, but not as strongly as others. Our last Government had a part to play. However there was a world-wide recession and we would have suffered economically as a result as every country has within the EU. I believe however that our last government could have done some of the followi ng; regulate the banks so they would not lend recklessly, re invests elsewhere in the economy for growth when times were good.There was an over reliance on construction to feed the economy. They could have increased interest rates to bring down inflation therefore slowing the economy. The government could have closed Anglo Irish Bank- Anglo is mainly a commercial bank with little customers in Ireland. This would have saved Irish taxpayers in the region of 30 billion euros. Our current government promised not to make the same mistakes of our previous government in their pre-election manifestos.They now tell us they are locked by the terms of the EU/IMF bailout. Can our government not re-negotiate a deal? Can they not tell Europe that further cuts cannot be put in place if we are to see growth in our economy in the long term? Germany only in the last couple of years repaid there debt after the Second World War. Ireland unlike many of its European counterparts is meeting the terms of t he agreement. We keep hearing how good a nation we are and that we are a success story, and the measures that we are taking in reducing debt.We are receiving a pat on the back from our German friends, but is this a pat on the back, or a further shove into the quick sand that we are already standing in? Is it a sign of success that young Irish people are emigrating, that the dole queues are getting longer? It is a success that the people of Ireland will be in debt for years to come? Recently Enda Kenny was on the cover of Time magazine under the caption â€Å"Celtic Comeback†. Great people like Einstein have also graced the cover of this famous magazine. So too has BART SIMPSON†¦

Learning teams

A key feature of learning is to work within a team environment. The student may find themselves working in a team environment comprised of students of different gender, political and religious beliefs, ages and life experiences etc. It is well recognized within the literature that the interdependence of the knowledge, skills and competencies across group members can lead to innovative problem-solving and active learning. Groups are a part of social life.Each of us is a member of many different groups (Bennis & Shepherd, 1956). Before my social work course I had not really thought about all the different types of groups that exist as having a similar structure, and as going through similar processes, whether it be a group of professionals conferencing on a topic, a study group, a committee determining policy changes, or sporting group discussing next weeks strategy of play (Forsythe, 1990, 1998). Many of the groups that a person is a member of can impact greatly on their lives  œ either positively or negatively.On reflection I can see how being placed into a group, instead of choosing one myself to be in one, would represent many group formations in the professional world. In the workforce people are often put into teams without having a choice. So it seems that becoming a member of a group without actively participating in the formation has some real world practicalities. Learning in small groups is very powerful. The development of trust and communication within a group is what leads to the creation of a â€Å"team† mentality. Collaborative learning has helped me to break down problems such as understanding a theory, and to look at it from different angles. I believe this has given me a much more comprehensive understanding of class materials.Learning in a team was productive given the problem-based learning approach that we took in class. Active learning methods such as challenging ourselves by asking open-ended questions (i.e., those that cannot be answered just with a Yes/No); having a small group (less than 7) that allowed for deliberations that could be voted upon within a timely manner; and our teacher took on a ‘facilitator† role to encourage us to discover our own solutions, as opposed to a â€Å"mug-and-jug† approach which would have set the teacher up as the â€Å"expert† there to â€Å"fill us with knowledge†.I found that I had to take much more responsibility for my learning experiences, and that I was accountable to the group to achieve the goals and tasks that were delegated to me. I can understand how the use of problem-based learning can enhance content knowledge and cultivate the creation of communication skills as well as those of solving dilemmas and problems and developing a sense of self-directed learning skill (c.f., Hendry, Lyon, Prosser, & Sze, 2006). I like the real world application of the process to solve problems encountered on a day-to-day basis.Effectively changi ng roles with my teacher meant I had to take on much more responsibility in order to meet my education goals, and ironically I found this empowering and found myself more motivated to complete assignments. My sense of accomplishment was phenomenal as I achieved outcomes that at first seem like great mountains of problems. I expect this experience to enable me to continue a successful life of life-long learning.Having problems that our team set ourselves drive our learning was a unique experience. Inquiry-based learning has greatly improved my learning experience as compared to the didactic system. I agree with Schmidt that, â€Å"PBL provides an environment in which students can draw upon prior knowledge, learn within the real-world context, and reinforce the knowledge through independent and small group work† (www.samdford.edu., 2006). I feel I have â€Å"learnt to learn† and look forward to using these cognitive problem-solving tools more in my life and education.Ref erencesBennis, W.G. & Shepherd, H.A. (1956) A theory of group development. HumanRelations, 9, 415-437.Forsyth, D.R. (1990, 1998) Group dynamics. Brooks/Cole Publishing: Pacific Grove.Hendry, G.D., Lyon, PM, Prosser, M, & Sze, D. (2006) Conceptions of problem-based learning:The perspectives of students entering a problem-based medical program. Medical Teacher,28(6), 573 – 575.www.samford.edu (2006). Background of Problem-Based Learning. Retrieved January 8, 2008,from http://www.samford.edu/ctls/pbl_background.html

Attitudes and Behaviors Essay

So let’s start by saying that attitudes have two main components those happen to be beliefs and values. Beliefs are statements while values are judgments. When it comes to persuasion a person might have their own attitude and have it rub off so to speak onto another person or several other people. We tend to use this on a daily basis for things that we want whether that be for ourselves or from other people. When it comes to conformity many individuals will change their behaviors to fit in with other people that they involve themselves with. This could potentially mean that you could lose your own identity and become someone completely different from whom you truly are. When it comes to bias we are all wired to have judgments and prejudice many times people will use this judgment and have a set attitude on people, places and things. Only people can change their behaviors. Psychologists define attitudes as a learned tendency to view things in certain ways. This can include people. Places, issues and events that occur in a person’s life. Attitudes form from the experiences that you go through, they could direct from personal experiences or from the observation of other individuals. Attitudes can be learned in several different ways. Classical conditioning can impact your attitude to different products. Operant conditioning can also help in how attitudes are developed. When someone you like has a different attitude your attitude more than likely will change to be the same as the other individual. Researchers have come to the belief and conclusion that people behave according to their attitudes under a lot of circumstances. Cognitive dissonance is when an individual experiences, psychological stress caused by conflicts from thoughts and beliefs in a person’s everyday life whether that be from work, relationships, money problems. In order to gain back control people often change their attitudes based on actual behaviors. Attitudes can change just like people can. You can turn your thought process around just  like you can with many other things. Classical conditioning can create positive emotional reactions. Operant conditioning can be used to strengthen attitudes and behaviors that you are lacking or that are weak. People can also see how negative people act and decide that they don’t want to be that way and that can drastically change a person’s mind on how they think. Life events such as death, sickness, relationship loses and other important things can make a person realize what they have and what they need to be grateful for but also can help them understand their thought patterns were incorrect and that they need to change that in order to have a better life for not only themselves but the people that they associate themselves with. The theory of persuasion says that people can alter their personal attitudes in two ways. They can be motivated to listen and to think about what is being said to them which can make them open up to different ideas and thoughts or they could simply be influenced by good positive people that they are around on a daily basis. In order to change a individual s behavior you must change your thought process completely. http://www.examiner.com/article/bias-attitude-and-prejudice http://www.cios.org/encyclopedia/persuasion/Aintroduction_4nature.htm http://psychology.about.com/od/socialinfluence/f/conformity.htm

S4 W8 Second WA Assignment Example | Topics and Well Written Essays - 500 words

S4 W8 Second WA - Assignment Example They do not believe on aiding people solely but they also seek ways to empower and educate people to become self-sufficient. They work on two approaches which they believe will help the developing world. 1- Jeffery Sachs established the foundation of The Millennium Village model. The basic aim behind the establishment of such village is to being improvement and empowerment in the community (Sachs, 2005). This improvement revolves around crop production, education, creating health awareness, better infrastructure and many more. 2- They are committed to facilitate people on the concept of microcredit introduced by Muhammad Yunus in Bangladesh (Yunus, 2003). Through this concept, AVPA lends small loans to skilled women in village. This approach helps them to become successful entrepreneurs and improve their living standards. APVA is different from other NGOs because they are committed to improve the living standards of the people in African villages. They do not believe on aiding the people but they also believe on making the most through their skills. Their microcredit program has helped them to attain their goals in alleviating poverty, hunger, improved healthcare facilities, and education and in other spheres of

HRM Essay Example | Topics and Well Written Essays - 500 words - 4

HRM - Essay Example rocess are referrals of the employee, organization advertisement on job vacancies, direct sourcing, use of recruitment agencies, and organizing events to find suitable professionals for the job. Employee referral will involve the organization to identify qualified candidates from the existing ones within the organization. This approach will encourage the Human Resource Management to select and recruit the most qualified employees as per the organization requirements. This approach is very cost effective and efficient method of recruiting candidates. One of the most challenging factors of this approach is the balancing of diversity in the organization (Hayes and Jack, 2009). This is due to over dependant on the method of recruitment. It is understood that the direct contact between the candidate and the referral employee will enable them to increase their knowledge and will enable the candidate for the job to understand the organization better. Direct sourcing involves the talent management in the Human Resource Management to identify and assess qualified applicants. This process is done through proactive recruiting techniques. This approach will be performed by a professional recruiter who is supposed to define the sourcing (Jackson, Randall and Steve, 2011). This sourcing of the applicants will be achieved when the name, job title, job function and contact information for the likely candidate to be selected is determined by the applicant recruiter A recruitment agency is an outside organization from the one which is looking to recruit new staff employees. They match employers to employees. The reason for some organization to use the recruitment agencies is based on the time management of the organization. Recruiting right professionals for a job will require a lot of time and this makes some organization to consider looking for this alternative of recruitment agencies (Neider and Chester, 2003). It should be noted that every employee who is recruited through

Sound and fury Essay Example | Topics and Well Written Essays - 250 words

Sound and fury - Essay Example Heather’s family members seem to be all deaf; two brothers and parents. Peter, one of Heathers families, is a candid head of the anti-implant deaf society who lives on the Island of Long. His life is twisted upside down by his daughter aspiration to hear. After being overpowered by the daughter’s desires, Peter and Nita put on hold their long-standing position about the implant. They later realize that children that are under implant are frequently conversant and mainstreamed interested in the hearing situation. Heather’s parents become frightened that the implant will make their daughter develop a rejection to the American Sign Language and deaf way of life. The family divergence or disagreement arises after one of Peter’s brothers who do not have hearing impediment, and the wife realized that their newborn infant is also having a hearing problem. They decide to put the child under the implant. The clash gets to an intense peak after the part of the family who does have hearing impediment tries to battle for Heather’s right to join the hearing world while the other part of the family (deaf family members) also battle to keep her deaf individuality. In my opinion, the movie talks about respect for culture. From the movie, there is a battle between two different groups, one group supporting the use of cochlear implant while another group is opposed to the use of the device. It is an indication of how important culture is to different people with different conditions especially the disabled group; respect to culture is essential to every individual. Aronson, Josh, Roger Weisberg, Chris Artinian, Nita Artinian, Heather Artinian, Peter Artinian, Brian Danitz, Ann Collins, Mark Suozzo, Ronald Guttman, and Nora Coblence. Sound and Fury. New York?: Docurama,

Barking Wellfare Organisation Essay Example | Topics and Well Written Essays - 1500 words

Barking Wellfare Organisation - Essay Example Hence, it may not find ready applicability in all cases. Therefore, it has become necessary to consider the net present value (NPV) of projects using DCF method, known as discounted cash flow method. The main advantages of the DCF, is that a positive NPV, would indicate the fact that the project generates more cash inflows rather than resource outflows, used up for servicing of the project. It is, therefore, the discretion of the management to decide whether the project may be accepted and implemented after taking cognisance of all the related facts and figures. Financial analysis is important because they form the bedrock of strategic corporate decision making and creating value additions for shareholders and others who are having financial interests in the Company and its operations. Step 3: If the NPV results in a positive figure, the project may be accepted and if negative, it should be rejected. (Brigham, Eugene F. and Ehrhardt, Michael C. (2004): Financial Management Theory and Practice: Capital Budgeting: Capital Budgeting Decision Rules: 509) â€Å"The net present value method is a modern method of evaluating investment proposals .This method taken into consideration the time value of money and attempts to calculate the return on investment by introducing the factor of time element.† (Gupta & Sharma). In this case study, the NPV has been considered the best option available, since it recognises the time value of funds that are being injected into the project, and is best suitable since in this case, both the cash inflows from the sale of plants, are controlled by market forces, and also the outflows depend upon the use of assets at different points of time in the period of determination. In the first place, this Welfare Organisation has rehabilitated and made employable, the physically disabled people, to lead socially useful lives for themselves and their community settings.

Reflection Essay Example | Topics and Well Written Essays - 1000 words - 13

Reflection - Essay Example As one such leader, practicing honesty in all aspects of my role is paramount. My communication and actions should show honesty. Trust is finds its base on honesty. Honest ethical leader bases his argument on facts and this facilitates employees to depend and rely on him. A leader is about a better position to practice integrity if he is honest. Integrating honesty in my leadership style entails effective reasoning through facts. Claiming that you are honest without actual practice the virtue amounts to poor leadership. Every action of an ethical leadership requires transparency and truthfulness (Reilly, Sirgy & Gorman, 2012). Transparency and accountability are indications of honesty in ethical leadership. Incorporating honesty in decision making for an ethical leader entails using the facts as the basis of reasoning. Communication of the facts to the affected parties should be through truthfulness. The action of the leader during making of such decisions should clearly point toward honesty. This makes it easier for the people on the receiving end to appreciate the decision. The second important value for me as an ethical leader is commitment. It is the dedication of an ethical leader to the organization. Commitment entails not giving up or losing focus when the situation becomes unmanageable. Commitment by an ethical leader calls for perseverance throughout the course of leadership. It is a solemn promise that you will stick to the course even during trying moments. A committed leader invests fully in the organization. The investment is in terms of emotional, mental and physical dedication. Focusing full attention and energy make exemplary committed ethical leaders. Another aspect of commitment, which is important involves being ready to sacrifice personal interests in pursuit of the organizational objectives. To instill commitment among employees in an organization, a demonstration through action by the leader is

Use of Power and Political Acumen in the Organization Term Paper

Use of Power and Political Acumen in the Organization - Term Paper Example A good example demonstrating how a politically astute strategy was used to enhance a nurses power base involved a nurse acting as a policy advocate in a bid to improve health care delivery in a health organization. According to Parker (2007), "A nurse gains power through establishing positive, collegial, working relationships with physicians, other nurses, and all the members of the health care team. Productive relationships increase a nurses power to base care decisions on ethical principles". The nurse therefore advocating for the rights of the patients engaged effective skills particularly her convincing skills, negotiation skills, and decision making capabilities in seeking the support of all individuals involved in health care delivery. In doing so, the nurse created a productive relationship with all stakeholders and hence expanding her power base (Paynton, 2008). There are numerous strategies that can be used to enhance or leverage power and political acumen in the nursing profession. One of these strategies as elucidated by Pfeffer (2010) is being in charge of all resources within the organization that are of significance to other employees. Good examples of such resources include finances and information. Political acumen and power in nursing denotes the ability of a nurse to garner the support of others. Assisting other nurses and physicians to access the resources they require to conduct their activities and obligations can work in favor of a nurse as it is easy to convince them to return the favor when their support is needed (Pfeffer, 2010). Another strategy to enhance or leverage power and political acumen includes the use of rewards and punishment (Pfeffer, 2010). Since time immemorial, individuals in positions of management have issued rewards for individuals who support them in their endeavors and subsequently chastise those who work against them. Nursing leaders can therefore make it known that those who give

The New Scientific Management Essay Example | Topics and Well Written Essays - 750 words

The New Scientific Management - Essay Example Leadership within this day and age can only be remarked as one of the stronger aspects of management because it brings quite a few strengths to the fore (Wheatley, 2006). The essence of any leadership is decided by the ones who work under this leader’s aegis or alongside him on different levels. There are a number of tools that can be used in order to think differently. These include the likes of properly understanding where anomalies within leadership lie and how these can be resolved amicably. Measuring analytics is indeed one of the most sought-after tools that is studied under the aegis of leadership. If these realms are seen from a perspective of deriving the strengths more than anything else, then there is little reason why leadership should fail in the very end. Leadership does have its merits and demerits which need to be understood in order to reach upon a conclusion which is elaborately drawn from all angles. This is the need of the hour, more so within the health fi eld where patients are constantly looking up to the doctors and paramedics for their help and assistance. Since analytics are measured from a number of angles and considerations, there is little reason why there should be any hiccups encountered within the said equations. Also leadership can also be gauged through the ethical boundaries which have been manifested within the health field (Morrison, 2011). If one finds more ethical issues surfacing, then this means that the leadership tangent lacks its cohesiveness and perhaps there needs to be a number of aspects which should be taken care of to bring sanity. It must be remembered that strategic thinking comes from looking at the mission and vision objectives which are indeed of significance within any health field organization or setting. If these considerations are looked upon at with a sense of understanding and empathy, there is no reason why strategic thinking would fail to develop over a period of time. Strategic thinking invol ves an ideology which is comprehensive from all angles and brings into consideration some of the more important points as agenda areas which will be given the necessary highlight. It is mandatory on the part of the leadership to understand that strategic thinking requires tact and planning as well because if these two aspects seem missing, then there is no point in tackling the nuances involved with strategic thinking basis. Strategic thinking after all is a positive that should always be seen with a clear mind and complete focus. I will approach leadership in such a way that there would be more inspiration for the people involved in the process for which leadership has been enacted in the first place. This will make sure that the negativities that shall exist within the relevant domains are taken care of in a very easy manner. There is a sense of empathy that needs to be looked upon at, more so when the discussion centers on the premise of bringing a positive change within the medi cal basis and how leadership contributes to the said perspectives is another significant point that should always be seen and understood. I will take care of the ethical issues which remain very pivotal because I believe that leadership always instills in a sense of morality within the leader who transfers the same to his subordinates in a downward fashion (Owen, 1990).