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- Why is it necessary for problem formulation to come after goal formulation?Beth has decided to ask her sales team for ideas about how to increase sales revenue and what realistic sales targets are instead of just offering them incentives for reaching goals that she sets for them. The most likely outcome is that ______. A) Beth's team will ask for larger salaries because they feel that they are now doing her job for her B) Beth's team won't be able to come up with any ideas C) the sales team will be unmotivated to participate because they've never done this before D) Beth's team will be more motivated to reach the sales goals because they are involved in the process E) Beth's team won't sell any thing because she hasn't told them specifically what to doRead the passage and answer the questions that follow After 10 years in business, John Shurtman has determined that it is time to hire a sales representative. As the founder and president of United Fleet Service (UFS), John has been the main driver of new business sales for the company. However, as UFS has grown, John has found that he must spend more time on planning and administration, leaving little time to generate new sales leads or call on potential customers. UFS provides maintenance, mechanical repair services, and body repair services to organizations that maintain fleets of large vehicles. UFS customers include mostly school districts that own bus fleets and municipalities that own fleets of fire and police vehicles. While UFS has a strong hold on these public sector organizations, John sees many opportunities for expansion through targeting other potential customers such as utility companies and commercial trucking companies. UFS has several competitors in its geographic…
- A depressed employee's manager is having trouble with the said depressed employee. Although the employee if achieving her quotas, she is having difficulties submitting her reports and her manager feels like she is bringing down her entire team. Almost everyone in the company knows that the company has counseling services for its employees, but are reluctant to go. What should the manager do to address this issue? Should she push through with her initial plan of terminating the depressed employee?Feasibility Analysis is the process of determining whether a business idea is viable. It is the preliminary evaluation of a business idea, conducted for the purpose of determining whether the idea is worth pursuing. Part 1: Product/Service FeasibilityA. Product/service desirabilityB. Product/service demandPart 2: Industry/Target Market FeasibilityA. Industry attractivenessB. Target market attractivenessPart 3: Organizational FeasibilityA. Management prowessB. Resource sufficiencyPart 4: Financial FeasibilityA. Total start-up cash neededB. Financial performance of similar businessesC. overall financial attractiveness of the proposed ventureYou operate a fast food restaurant in downtown Kingston which sits beside the Morant Bay taxi stand they make JMD$2,000,000 from 2,000 passengers buying breakfast and dinner as they arrive and leave Kingston to and from Morant bay. The cost to build a new franchise in Morant Bay is JMD$10,000,000 and operational costs for staff and expenses is…Just BRIEFLY explain b & c for b: elaborate/explain the criteria used. for c: elaborate why it is labeled "worst" and "best" case scenario
- We have been operating our mobile food truck business now for 30 days at the Harvard University campus.Our daily sales and number of customers are increasing at a constant rate. Our problem is that we do not know if our customers are happy with the quality and variety of the food, the level of pricing, or the courtesy of our staff. Task: You will design a four-to-five open questions survey that we could pose to our prospects to solve our problem. note: make 4 to 5 open questions to gather enough informationsYou have hired a singer for an alternative energy convention. The singer signed a contract for a 2-hour performance. You are worried that based on her reputation, she will shorten this performance to 1 and a half hours, saying she has a sore throat, when you have heard from other event planners that she usually books back-to-back performances in the same town on the same night. Use the problem-solving steps: Define the problem and contributing factors, criteria for a solution, and a plan of action. In your plan of action, include how you will approach it without impugning the performer’s ethics. You also need to find a master of ceremonies (MC) for this 3-day convention. What will be your criteria for hiring this MC?Jad, the new CEO for Amana, is working hard to turn around the formerly successful real estate business. His goal is to make Amana a leader in the industry. Jad is currently at a meeting with senior officers and is informing them about measuring the company's performance. -Before he begins his discussion, Jad defines ________ as the accumulated end results of all the organization's work processes and activities. Select one: a. scenario planning b. organizational planning c. organizational performance d. environmental scanning
- Suppose you plan to buy a new car and wish to pick a best one from a list of candidate models, shown in Table 1. To make this decision, you have designated a specialist to rate these models for you. In Table 2, each model has been given a score from 1 (the least desired) to 10 (the most desired) according to respective criteria. The weight of each criterion, representing its importance, is given in the bottom row of Table 1. Please calculate the overall score for each car model and find out the best alternative with the highest overall score. Table 1 Alternatives and Criteria of Selecting Car Price Fuel Efficiency Maintenance Access Interior Aesthetics Overall Score 1. Toyota Camry 8 8 7 9 2. Hyundai Elantra 9 8 5 8 3.Skoda Octavia 7 7 7 8 4.VW Passat 7 7 8 7 5.Citroen C4 7 8 7 9 Weights 0.3 0.4 0.2 0.1 China Eastern Airlines…Suppose that you are opening a new restaurant. How would you go about forecasting demand and sales?Under what circumstances is expected monetary value appropriate as a decision criterion? When isn’t it appropriate