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- Binger Limited specialises in manufacturing wooden office furniture which is in great demandbecause its original modern design suits the Jamaican market. This company has been in operationfor 35 years, has been listed on the stock exchange for the past 10 and employs 50 people. TheChief Executive Officer (CEO) and the Director of Human Resources have just made final changesto a detailed succession plan for Binger’s employees based on a three-year horizon.Three major points have emerged from the succession plan as follows:1. The General Controller plans to retire within the next year and no one in-house is qualified toreplace him. In addition to his specific financial skills, he has the company’s financial historyreadily available and is the CEO’s right-hand man. In fact, the CEO consults him for everystrategic decision he has to make. Since Binger is a public corporation, this position is crucialfor continuation of smooth operations.2. The Director of Manufacturing (DM) joined the…Firm size, industry competition, CEO power and discretion and the level of stress a a CEO's job entails are factors in determining what? Select one: a. How large a board of directors an organization must have b. Whether an organization can function internationally c. A CEO's compensation package d. Employees' level of job satisfaction and overall feeling of internal support of their supervisors1. Explain the degree of formalization (to what extent are rules and procedures written down in job descriptions, policy and procedures, manuals and memos?) of ZTE Philippines, Inc. 2. Explain the degree of decentralization (to what extent are employees at all levels involved in making decisions?) of ZTE Philippines, Inc.
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- Analyze the decline of the value of the General Electric Corporation stock as it relates to a series of poor managerial decision-making and the impact those decisions had on the stock value. What caused the decline...was it due to any of the following?: i.Revenue Decline? ii.Goodwill Impairment? iii.Reckless Acquisitions? iv.Too much Debt?Suppose that you are in a position that enabled you to hire a manager in a company; and you are in a position that confused to hire either Average managers, Successful managers, or Effective managers. Which one you will assign, and what is the deference between each one of them?You have just been hired as the new head of an audit team for a national accounting fi rm. With four years of experience, you feel technically well prepared for the assignment. However, this is your first formal appointment as a “manager.” Things are complicated at the moment. The team has 12 members of diverse demographic and cultural backgrounds, as well as work experience. There is an intense workload and lots of performance pressure. How will this situation challenge you to develop and use essential managerial skills and related competencies to successfully manage the team to high levels of auditing performance?
- By reference to the data in part A:1. Return on investment (ROI), residual income (RI), and economic-value added (EVA)are performance measures for subunit managers. Discuss the relative merit of these performance measures?2. There may be a difference between the performance of a manager and theperformance of the organization subunit for which the manager is responsible. Why is it important to make this distinction?3. Do you agree with the general manager’s assertion that managers should be rewarded only on the basis of their performance measures with no fixed salaries? ExplainAssume the role of a mid-level manager of a small company. The CEO, Rachael Barker, wants your views on a new computer network she is considering. The current network is adequate, but the new one will provide much greater capabilities for managing files, word processing, and accessing the database. Write a one-page email in which you list (1) the key factors that you believe must be taken into account in making the decision, and (2) the trade-offs that must be consideredProvide a brief definition or explanation of each of the following terms within the context of business management together with an example. You are required to define each of terms in your own words.Please note: You will receive more marks for your own original examples than for examples in your textbook, from your lecturer, or on Learn. Q.2.2 Mission statement.Q.2.3 Job enlargement.Q.2.4 Legitimate power.