Principles of Luntz Application to Portfolio Management Order Instructions: The are 5 main points here that the writer must clearly address, it is important that he clearly address this 5 points clearly and also including all examples as stated in the order form here below.
The writer must use peer review articles to support his facts and APA and gamma with sentence structure must be noted as he writes this paper.
Extraordinary Management
It has been said that, if you always do what you have always done, you will always get what you have always gotten. It is equally true that if you always see what you’ve always seen, you will continue to behave as you always have. If you want to change an organization, you must change your way of seeing the world. You must shed your biases in order to see the world with fresh insight. Only by doing this can you develop approaches to business that will take you from ordinary to extraordinary. The authors of this segment’s Learning Resources offer principles and practices that can lead to new ways of seeing the world.
– Begin by explaining how Luntz’s principles can be applied to portfolio management.
– Then discuss how his principles relate to at least two prominent models of leadership.
– Next, contrast Luntz’s principles of winning to Laufer’s leadership practices.
– Finally, provide at least five criteria for measuring portfolio performance to validate the principles and practices you have just discussed.
– Provide specific examples of how you would apply these criteria to your professional practice.
Principles of Luntz Application to Portfolio Management Resources
Readings
• Laufer, A. (2012). Mastering the leadership role in project management: Practices that deliver remarkable results. Upper Saddle River, NJ: FT Press.
o Chapter 7, “Exploring Space: Shaping Culture by Exploiting Location”
Laufer introduces the concept of leading diverse cultures through this case about NASA’s Advanced Composition Explorer mission.
o Chapter 8, “Building a Dairy Plant: Accelerating Speed Through Splitting and Harmonizing”
This case introduces the idea of leading a diverse team under accelerated time constraints.
• Luntz, F. I. (2011). Win: The key principles to take your business from ordinary to extraordinary. New York, NY: Hyperion.
o Chapter 9, “Persuasion”
Luntz defines and explains persuasion and the degrees of persuasion that exist. He also explains “how winners persuade” and delineates criteria for successful persuasion.
o Chapter 10, “Persistence”
Luntz explains that persistence is the most critical element to winning. Without it, winning is impossible.
o Chapter 11, “Conclusion: Principled Action”
Principles support and qualify every action. Without principles, sustained winning is unattainable.
• Senge, P. M. (2006). The fifth discipline: The art & practice of the learning organization. New York, NY: Doubleday.
o Chapter 5, “A Shift of Mind”
Senge explains the role of feedback in systems thinking. Feedback can enable us to overturn deeply ingrained maladaptive viewpoints.
o Chapter 6, “Nature’s Templates: Identifying the Patterns That Control Events”
Senge introduces two structures: “limits to growth” and “shifting the burden,” which drive personal and organizational learning.
o Chapter 7, “Self-Limiting or Self-Sustaining Growth”
Leverage is important, but not obvious to most actors in most systems. The structures underlying our actions lead us to focus on symptoms where the stress is greatest.
Principles of Luntz Application to Portfolio Management Sample Answer
Extraordinary Management;
How the Principles of Luntz could be applied to Portfolio Management
Luntz identified 9 Ps of winning which could be followed by a business person who intends to be a winner for effective portfolio management. Luntz’s principles can be applied to portfolio management by strictly following the 9 Ps of winning. These include (i) People-Centeredness – all decisions regarding objectives, products and communication have to be submitted to the main organizational question: in what way does that affect the everyday persons? (Luntz, 2011). (ii) Paradigm Breaking – the manager is a game changer who has the approach of never settling for the usual or conventional. (iii) Prioritization – the manager has an uncanny capacity to prioritize and knows how to separate what should be done from what must be done. (iv) Perfection – the manager is driven to perfection and this allows him/her to reach excellence in portfolio management. (v) Partnership – the manager works with the right people/partners/employees. (vi) Passion – the manager brings passion in portfolio management. (vii) Persuasion – the manager persuades others to ensure effective portfolio management. (viii) Persistence – to succeed in portfolio management, the manager knows how to succeed over the long term, never accepts defeat and never gives up. (ix) Principled Action – the manager has a set of guiding principles which allow him/her to succeed in portfolio management (Luntz, 2011).
How Luntz’s Principles relate To 2 Prominent Leadership Models
Luntz’s principles relate to the following prominent models of leadership: charismatic leadership and transformational leadership model. In Luntz’s principles, the first P of People-Centeredness means that for the leader to be a winner, he or she should know what makes team members or employees tick. As a successful communicator, the leader is charismatic and charming (Senge, 2006). They also bring passion to whatever they do and the way they communicate. This clearly relates to the charismatic leadership model in which the leader injects enthusiasm into the team, and he or she is really energetic in driving the team members forward (Stogdill, 2011). Transformational leaders inspire their team with a collective vision of the future. They spend much time communicating and are very visible. This is in line with Luntz’s winning Ps of People-Centeredness, Paradigm Breaking, and Prioritization of Luntz’s principles.
Contrasting Luntz’s Principles of Winning and Laufer’s Leadership Practices
Luntz’s principles of winning provide several guidelines that managers or leaders can use in order to win particularly in business. In essence, Luntz’s principles demonstrate how winners win and how a businessman can learn the way that winners usually win. The 9 rules for winners are helpful to business persons who can use them to plan their communications to emerge winners in the marketplace of today (Luntz, 2011). This differs to some extent from Laufer’s leadership practices since Laufer’s leadership practices focus on good leadership in the context of managing projects and how people can be successful by doing what is actually right for the project and bring the project team members together to believe in the project (Laufer, 2012). Moreover, Laufer’s leadership practices highlight what a project manager has to do in order to deliver outstanding project results; that is, by leading rather than following a scripted checklist.
Five Criteria for Measuring Portfolio Performance
Portfolio performance measures need to be an essential facet of the investment decision process. The criteria for measuring portfolio performance to validate the principles and practices discussed above include the following: (i) rate of return of a portfolio. It is the most vital outcome of any investment (Gurroy & Omer, 2011); (ii) risk-adjusted performance measure; (iii) use of Treynor Index; (iv) use of Sharp Index; and (v) use of Jensen Index – the three indices would be used to measure the risk-adjusted performance (Shahid, 2013).
How I Would Apply the Criteria to My Professional Practice
In my professional practice, I would apply the aforementioned criteria by measuring the rate of return to the company’s portfolio. An appropriate formula would be used to compute the return to a portfolio. The common methods for computing return to a portfolio that I would use include Value Weighted rate of return and Time Weighted rate of return. Secondly, I would apply the criteria by using the three indices – Treynor Index, The Sharp Index, and The Jensen Index – to measure the risk-adjusted performance to determine portfolio performance.
Principles of Luntz Application to Portfolio Management References
Gurroy, C. T., & Omer, Y. (2011). Evaluation of portfolio performance. Oxford, England: Oxford University Press.
Laufer, A. (2012). Mastering the leadership role in project management: Practices that deliver remarkable results. Upper Saddle River, NJ: FT Press.
Luntz, F. I. (2011). Win: The key principles to take your business from ordinary to extraordinary. New York, NY: Hyperion.
Shahid, M. (2013). Measuring portfolio performance. Journal of Finance, 32(9): 23-35
Senge, P. M. (2006). The fifth discipline: The art & practice of the learning organization. New York, NY: Doubleday.
Stogdill, R. M. (2012). Handbook of Leadership: A Survey of Theory and Research. New York: Free Press.
