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- What are the difference between the goals of profit maximization and maximization of shareholder wealth? Which goal do you think is more appropriate?EVA®; Shareholder Value Analysis and Sustainability; Internet-Based Research Increasingshareholder value is a key objective for many profit-seeking organizations. As indicated in the chapter, EVA® is meant to approximate economic income and, in this sense, can be viewed as a measureof shareholder value added by the firm during a period. Increasingly, managers are realizing thatshareholder value is enhanced by creating value for employees, customers, suppliers, the community,and other stakeholders. This problem asks you to consider how EVA®, as a measure of economicvalue created during a period, can be used to guide and justify sustainability-related investments.Required1. How is economic value added (EVA®) for any accounting period estimated? How does this financialperformance metric differ from both conventional accounting income and from residual income (RI)?1. Could writing a conventional business plan ever cause more harm than good? Explain your answer?2. If you wanted some assistance in setting up and running a new business, you might look at business incubators as a solution. What kind of assistance would you consider the most valuable?3. Given the risks involved in starting any company, should an aspiring entrepreneur investigate all possible failure scenarios and develop action plans to avoid these potential outcomes? Explain your answer.4. How do autocratic, democratic, and laissez-faire leadership styles differ?5. Ethical considerations. Apart from meeting the company’s future talent needs, do managers have a personal ethical obligation to help their employees develop and advance in their careers? Explain your answer.6. What are the advantages and disadvantages of the unstructured organizational model?7. Suppose you are the marketing manager of the credit-card department of a financial institution. Your objective is to support the…
- 1- Entrepreneurs must set goals that are Specific, Masked, Actionable, Reasonable, Tacy Specific, Masked, Actionable, Reasonable, Time bound Special, Metered, Actionable, Reasonable, Timely Specific, Measurable, Actionable, Relevant, Time-bound 2- According to Mark Cuban, the #1 reason why entrepreneurs fail is Lack of money, lack of energy Lack of brain, lack of hard work Lack of family and professional connections Lack of good idea 3- Starting a new business guarantees freedom True False 4- Who is an intrapreneur? People who are responsible for internal activity in an entrepreneurial venture people who independantly set up big organizations people who take up entrepreneurial activity as part of a bigger organization 5- Successful entrepreneurs have following qualities They are highly emotional None of the above They care too much for self-respect They are very creativeExplain the goal of shareholder wealth maximization, and whether this goal is a short-term goal or a long-term goal. Identify the conflict between the goal of shareholder wealth maximization and other stakeholder concerns (sometimes referred to as environmental, social, and governance (ESG) concerns). Cite one real-world example of a company that reflects other stakeholder concerns in its mission statement or stated corporate values. Explain, for your chosen real-world example, how the company’s incorporation of stakeholder concerns could enhance (or detract from) the company’s shareholder wealth maximization goal. Construct one question related to shareholder wealth maximization goals.Successful businesses follow either cost leadership or product differentiation business strategy. Here, I am not differentiating between broad and focused strategies. Based on their chosen strategies, they would have developed different capabilities and created different business processes (see the Competitive Priorities and Capabilities section in Chapter 1). Please consider Chipotle and McDonald’s business processes, competitive priorities, and capabilities. Based on your consideration, can you determine their chosen business strategies?
- Indicate whether or not the organization where you are employed engages in strategic management and planning. If Yes, how has this benefitted the organization? If No, give your perceptions regarding the limitations and why the organization does not engage in strategic management and planning. Discuss briefly why ethical decision-making is essential in an organization, and the possible effects that ethical violations/unethical behaviours can have on the organization and its stakeholders."Even as the remodeling market weakened and taking on extra financing became risky, what are some things that Moon Associates’ president and CEO Jim Moon did to sustain the company’s long-term profitability?"Read the following scenarios, then answer the questions that follow. Situation 1 In the following statement, a business owner attempts to explain and justify his preference for slow growth in his business. I limit my growth pace and make every effort to service my present customers in the manner they deserve. I have some peer pressure to do otherwise by following the advice of experts—that is, to take on partners and debt to facilitate rapid growth in sales and market share. When tempted by such thoughts, I think about what I might gain. Perhaps I could make more money, but I would also expect a lot more problems. Also, I think it might interfere somewhat with my family relationships, which are very important to me. Situation 2 Bear Bills, Inc. was started in 2008 by three Baylor University alumni in their early twenties as a solution to a problem every college student faces—paying utilities. The company's name originated from the university's mascot, the Baylor Bears. The business…
- Case Analysis—Your Choice Your Goal: Identify which corporate-level strategies the company is currently utilizing, determine its effectiveness, and provide recommendations for an improved corporate-level strategy. Step 1: Choose a case that you have not yet analyzed from these options Baidu’s Business Model and Its Evolution Illinois Works: Retooling for Continued Growth and Profitability Pacific Drilling: The Preferred Offshore Driller Publix Supermarkets, Inc. Step 2: Analyze the case. Identify the frameworks, tools, and resources that will help you gain a thorough understanding of the current state of the company and the challenges they face. Step 3: Synthesize your findings and propose solutions in a report. Your report should include the following: The main points of the case: Briefly summarize the case you chose to analyze. A summary of your analysis with evidence: Include the results of any analysis you conducted, including external analysis, internal analysis, PEST and…How do individual and group decision processes aid or impede business decision-making? What are the latest developments in the process of strategy development and execution? How can my academic discipline, as a function within the organization, influence the process of business strategy development and execution?Strategic planning is an integral part of organizational success, serving as a compass that guides decision-making and resource allocation. It involves a systematic process of defining goals, assessing resources, and formulating strategies to achieve long-term objectives. Successful strategic planning requires a thorough understanding of an organization's strengths, weaknesses, opportunities, and threats (SWOT analysis). By analyzing these factors, leaders can identify competitive advantages, mitigate risks, and capitalize on opportunities in the ever-evolving business landscape. Additionally, strategic planning encourages adaptability, allowing organizations to respond effectively to changes in the market, technology, or external factors. It fosters alignment among team members, ensuring that everyone is working towards common goals. In essence, strategic planning is not merely a theoretical exercise but a dynamic tool that empowers organizations to navigate complexity and foster…