The Way of the Shepherd Essay Example for Free

The Way of the Shepherd Essay Regulatory Bodies Checkpoint Basically, a regulatory body is a tiered system put in place to protect investors and banks from cons and scams. It helps to prevent fraud and punishes offenders for things such as insider trading. At the top of this regulatory structure is the United States Congress which is itself the in charge of the SEC or Securities Exchange Commission, this body puts regulations and laws in place which banks, brokers, investors and the Marketplace must abide by, it also oversees all operations and releases quarterly and annual reports on the health and direction of the market and conomy. Next is the NASD or the National Association of Securities Dealers, this is the body that makes policy for the industry i. e. , stockbrokers and industry professionals must abide by and comply with. Last is regulation on the state level is the state security regulators which also handles complaints and enforces laws and finally the individual brokers and investors. The market is set up is a buyer beware system, though there is a fair amount of safety measures in place. Individuals should maintain an air of personal responsibility when investing and educate themselves; his is the biggest regulatory safety practice of them all. The laws are mainly in place to protect the banks not the individual. It is important to have these institutional organizations in place to keep the market honest or else it could be a free for all. Though I have learned that investing in stocks and bonds is a risky business and should not be a hobby for the inexperienced, much money can be lost in the blink of an eye and only money that one can afford to lose should be invested. The Way of the Shepherd By maweex Lloyd G. Hernandez MA 302 Two thumbs up for this wonderfully written book. This is a guide not Just for wannabe managers but for everyone: down from students to ordinary people. This is I think could be a guide for a better way to live and interact with people around us. I really had a very good time reading the book and will be reading this one over and over again. The book is very easy to understand. The summary of the book will lead to the 7 Principles of the Way of the Shepherd: 1 . Know the Condition of Your Flock In here the book suggested that to be an effective leader/manager, it is elementary to know the condition of your people and the status of their work. You get o know them one by one and regularly talk to them. You should always be open to what they say and often ask them on the status of their work and even their life if they want to talk about it. 2. Discover the Shape of Your Sheep The 2nd principle teaches us that it is a leader/managers prerogative to choose the right staff/people for his group. A manager has all the chance to take in good people and let go of those who are not fit and undoubtedly very hard to manage to make flock management easier. 3. Help Your Sheep Identify with You The 3rd principle teaches us that an effective leader must always ask from is people the best from them but at the same time showing them that you also is giving the best you can offer. A leader should be a good example not Just in words but also in actions. A good manager always reminds their people that without them they cannot do anything. A manager sets good example and does this with compassion because according to the author, great leadership isnt Just professional; its personal. 4. Make Your Pasture a Safe Place The 4th principle suggests that a leader/manager should always see to it that their people are in good hands. Always feed them information either bad or good. It is important that they hear it from their leader first rather than from others mouth. A leader should treat equal importance to all employees of whatever position they handle and is ready to remove someone who might cause disaster to the group. A good leader is someone who is visible to their people most of the times and is regularly rotating their people for them to be able to mentally enhanced their 5. The Staff of Direction The 5th principle teaches us that to become a good leader/manager, directing people with persuasion rather than coercion is very essential. A good leader ives freedom to their men but always instill in their minds the boundaries and limits to where there freedom is only up to. A good leader gets in the way when their people gets in trouble and reminds them that failure isnt fatal after all. 6. The Rod of Correction The 6th principle teaches us that to be a good leader/manager it should always be in a leaders mind and heart to Protect, Correct and inspect their men. A good leader fghts for their men against attacks from other men but corrects them privately if they found it that it was their mens fault. An efficient leader also sees to it hat he knows the progress of their men and how they are doing in their works. . The Heart of the Shepherd The last principle could probably be the very important. The author suggested that great leadership is a lifestyle, not a technique. Great leadership always involves the heart of the leader/manager. A great leader always sees to it that what he asks from their men are for everyones good. A good leader asks for something that is Just appropriate for the team. A good leader uses his heart to guide the people around him and makes sure that they are all in good position at all times.