Respond to 2 Colleagues responses 150 words or more. See instructions attached. Need in 24hours

Respondtotwo or moreof your colleagues posts in one or more of the following ways: (150 words or more each Colleague)

Ask a clarifying question about the situation that your colleague identified or about the positive change outcome(s).
Offer an insight that you gained from the way in which your colleague asked their question(s), including how it may have had an impact on the outcome.
Provide additional suggestions for how your colleague could take a different approach when faced with a similar situation in the future, including any insights that you may have gained from watching the video and/or participating in this Discussion.

Returnto this Discussion in a few days to read the responses to your initial posting. Note what you have learned or any insights you have gained as a result of the comments your colleagues made.

1st Colleague to Respond to:

My example of a time in my professional life in which I asked one or more critical questions that helped to bring about positive change is from when I first began my career in higher education. About eight years ago, I left the health insurance business and began a new career as a Compliance Manager for a small nursing college. My job was to modernize and bring the processes of compliance into the digital age. I knew this was a big undertaking that would take a very long time and certainly not a job for one person. I had many questions about how things had been done in the past and knew I would need to make many changes to bring the school into the digital age and at the same time become compliant with new rules and regulations from the state regulatory bodies and accreditation agencies. I knew I needed buy-in. I was the new kid on the block, and I was coming in from the outside with no experience in higher education.
For the first few months, I reviewed the historical data, reviewed processes, and procedures and learned the regulatory requirements from the State Board of Nursing and the nursing accreditation agency. As I analyzed the data, I found discrepancies, and I came up with several questions that I needed answers to. I knew I wanted to be a solution to the current problems, and I knew that I would need to be careful how I asked the questions to ensure questions were open and honest without people becoming defensive. First I came up with a list of questions and then began to tailor them to ensure positive change would happen. Next, I set up meetings with each person to ask the questions I believed I needed to clarify and create new policies, processes, and improvements. I made sure they were questions that would not seem accusatory or offend anyone, and I made sure to use open-ended questions to try to encourage conversation. Two of the questions I asked were:
Can you help me understand how the data has been calculated?
Can you help me understand why we calculated the data this way?
By asking open questions and not passing judgment, I was able to not only learn how and why processes were done previously, but I was able to create rapport and start building a foundation of trust and get buy-in.
Asking questions is one of the best ways to communicate especially in the professional world. Asking questions effectively is something that for most takes time. When new, we need to ask more questions that are basically informational to help us learn our role, or how to perform certain tasks. As we grow and advance we start asking different types of questions which tend to be more probing questions. To ask probing questions one must be very aware and tailor your approach based on your audience. For me, this took time. When I first started my professional career, I was shy, felt inferior, and was fearful to ask any questions. Thankfully, I was lucky enough to have amazing leaders who empowered me, gained my trust, and taught me to ask questions. As the video
Business Skills for Good:Questioning stated, it is important to frame questions so your audience knows you are wanting collaboration and support rather than interrogation to ensure I am achieving my larger goal, to understand (Walden University, 2021n).

References:
Walden University, LLC. (2021n).
Questioning[Video]. Walden University Blackboard.
https://class.waldenu.edu

2nd Colleague to Respond to:

In todays world, we are faced with changes and growing challenges in areas such as public health, education, social inequality, and diversity. Change is the only constant in the universe.It prevails in every society across the world, it is dominated in the society which desires to satisfy its citizens or fulfill their needs. A society requires change as it can transmit the old procedures into new one (Nworah, 2005). Change occurs within our world and beyond in national and international events, in the physical environment, in the way organizations are structured and conduct their business, in political and socioeconomic problems and solutions, and in societal norms and values. Planned change takes conscious and diligent effort on the part of the educator or manager. Kanter (1983) originated the concept of the change master: a person or organization adept at the art of anticipating the need for and of leading productive change.
In winter of 2019 there was a manger (hereafter called, Suzan) that is always in the wrong and when faced or confronted never admit to her doings or failures. Her behavior resulted in staff continuously being transferred or resigned from the post leaving gaps in meeting targets and fulfilling objectives. The outburst of her behavior started to negatively impact the department in the eve of 2020 when Jamaica starts experiencing the COVID-19 pandemic and the health industry was under severe pressure. Suzans constantly failed to advise her team of important deadlines, duties, and emergency matters and when called upon to explain the tardiness, she blamed the team. Mid year during our monthly management meeting, I raised the questions; what are the measures in place to foster positivity and motivation in team as managers? When was the last time we conducted a need analysis for staff training to identify the training need for staff and managers? How do we ensure we function in a cohesive manner and practice effective communication? The questions raised led to strategic implementation of policies, process flows and plans to create dedicated channels for tasks to be completed and foster a culture of inclusion.
As mentioned, the questions were raised in a formal setting and were fit for the persons in the session. The questions were very open and did not directly refer to any of my colleagues in the meeting.I ensure I included myself by using the word we to show i am coming from a team perspective (we are in this together). The questions posed allowed for a discussion to take place and for the team to implement corrective actions to remedy the gaps identified and mitigate any future risk on acheiving the goals. Upon reflecting, I would not have asked the questions any different. The positive outcomes from the discussion lead to the implementation of strategies, improvement of team function, cohesiveness and communication which all contributed positively to the department strategic objectives.

References:
Kanter, R.M. (1993). The Change Masters. New York, Simon & Schuster
Nworah U. (2005). Global Politician: Social Change in Nigeria: The Top – Down ManagementApproach.www.globalpolitician.com

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Problem set 8

Triple A Company is a mid-sized California company that specializes in creating high-fashion clothing. The company executives want to understand financial options and its application in corporate finance because many projects of the company allow managers to make strategic or tactical changes in plans depending on changes in market conditions. Management believes that understanding financial options can help them to manage the value inherent in real options. Also, the company would like to manage risk using financial options. Management wants to make optimal capital structure decisions by issuing convertible bonds in the market and thinks that financial options can guide them to make right decisions. A supervisor at the accounts department of the company has stated that financial options would help the company to manage the employee stock option plans. However, no one at Triple A is familiar with the basics of financial options. You were asked to prepare a brief presentation that the firms executives could use to gain a cursory understanding of financial options.
During the presentation, one board member, Brittany Waite asked the following questions:
1. What is the difference between a call option and a put option?
2. Under what circumstances can an investor buy a call option or a put option?
3. I heard that American options are issued in the United States and European options are issued in Europe. How correct is this statement?
4. Can you explain the difference between covered call options and naked call options?
5. Another board member, Gang Zhou stated that financial options have a lot of unique set of terminology that are very confusing. He wants you to explain these terms:
i. in-the-money
ii. out-of-the money
iii. at-the-money
iii. Long-term Equity Anticipation Security (LEAPS)
6. For demonstration purposes you decided to use the binomial option pricing to find the price of a call option of the companys stock. The current price of the stock is $40. In 1 year, you expect the price of the stock to be either $60 or $30. The annual risk-free rate is 5%. Calculate the price of the call option if the exercise price of the stock is $42 and expires in 1 year. (Use daily compounding).
7. The CEO of the company asked you to address the factors that can affect the prices of call options of the company. List five factors that can affect call option prices.
8. Describe four ways that option pricing can be used to help Triple A in its corporate financial management.
Submit your answers in a Word document.