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- Mr Abuhas set up a Limited Liability company as a retail business. He employed a Managing Director to manage the affairs of the business. The managing Director openvacancies and employed several subordinates into the company to work under him. Two years down the line,The MD resigned from the company and one of the employees was promoted as the New MD. During the First MD regime, Sales staffs were meeting their targets over and above expectations but as soon as the New MD assumed his position two Sales staffs resigned and hence sales within the first term ofh is office fell 15%. a.What type of people do you think he employed? b.What challenges do you think the new MD will face? c.What should the new MD do? d.As as staff of the company, what will you feel or think? e.What type of leader is the new MD?Mr Abuhas set up a Limited Liability company as a retail business. He employed a Managing Director to manage the affairs of the business. The managing Director openvacancies and employed several subordinates into the company to work under him. Two years down the line,The MD resigned from the company and one of the employees was promoted as the New MD. During the First MD regime, Sales staffs were meeting their targets over and above expectations but as soon as the New MD assumed his position two Sales staffs resigned and hence sales within the first term ofh is office fell 15%. 1.What should the new MD do? 2.As as staff of the company, what will you feel or think? 3.What type of leader is the new MD?Frito-Lay, Inc. Manufacturer of Corn Chips— Reorganization of Executive Structure Frito-Lay, Inc., had recently undergone an extensive reorganization of marketing-related activities to provide more effective control in regional and district offices. Arch C. West, the vice-president of marketing, found it necessary to reevaluate his role and responsibilities under the new organizational structure, which had redefined his formal relationships with other executives. Frito-Lay, Inc., with its home office in Dallas, Texas, was a national manufacturer of corn chips, potato chips, and related food products. Its sales accounted for about 75 percent of the national market for corn chips and a much smaller share for potato chips. It also produced a line of canned processed foods, the most important of which was chili and beans, under the Austex brand. Owing to the perishability of the corn and potato chips, the company had factories located throughout the United States close to major markets.…
- Continental Airlines filed for bankruptcy, at least in part, as a means of reducing labor costs. Whether this move was ethical, or proper, was hotly debated. Give both sides of the argument.Corporate raiders may now style themselves as "shareholder activists" but firms are no less worried. .Mr Bilzerian describes American corporate management in the 1980s as "uniformly horrible.". Companies had no regard for their shareholders, he says: "In 1985, Mr Icahn took over Trans World Airline, the now defunct American airline. He loaded it with debt, sold its most valuable flight routes and ground the airline into bankruptcy. He acquired a reputation of a corporate raider. By undertaking a hostile takeover, he generated substantial returns on his investments. A few high-profile raiders became famous in the 1980s making big profits for themselves but causing unrest and unemployment. Based on the case let, explain the concept of corporate raider by explaining how they operate, underlining their motive. Are they a necessary evil?ExplainTo ensure good corporate governance, a two-tier board would be more advantageous than an unitary board. Discuss.
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- The Tyco scandal of 2002 clearly demonstrates that the firm’s moral compass was askew. In the restructure of Tyco, Kozlowski compromised the company’s corporate governance system in positioning his close associates in prominent organizational ranks, thus leaving room for his cohorts to assist and participate in his wrong doing.Kozlowski and some other executives were able to perpetrate crimes of fraud, grand larceny and conspiracy,embezzlement, accounting conflicts of interest, excessive unethical personal spending and other questionable activities, since Tyco was left unprotected by its damaged controls. Authorities accused Kozlowski and Swartz, Tyco’s CFO, of stealing $170 million from Tyco and fraudulently selling an additional $430 million in stock options in 2002. Federal prosecutors cited some of Tyco’s board members, and Kozlowski, for accounting conflict ofinterest and pilfering of Tyco funds for luxurious private spending. According to Insead Knowledge (2012),at the height of…Mary Stick was an excellent hardware designer, but she wanted to move into management in order to broaden her experience. Peter Wave, her manager, encouraged her to go to evening classes on management, and Mary worked hard for two years, coming first in her year. Soon after that a manager vacancy arose in the procurement department. Mary applied for it, but the position was filled with outside recruitment. Mary was turned down because she did not have sufficient experience in the procurement function, which was a key requirement of the job. ‘But I have better technical knowledge on components than all your procurement engineers together’, she protested, ‘ and I learned about procurement on my course. The only way I will get experience in it is to work on the job. Should mary have been given the job? How would you have handled the situation?The Rolling Stones Learn to Play Together After working cohesively together to in the early 1960s to become an established and famous rock band, the Rolling Stones nearly disbanded during the 1970s due to internal competition, disagreements about money, and a lack of cooperation. However, during the 1980s the group agreed to take more control of the process of touring. With the help of Michael Cohl, a promoter, the members of the rock band became more directly involved, and worked cooperatively, to learn how to make their concert tours profitable. Q: Discuss what did the Stones do to increase their effectiveness as a team that enabled them to earn more than $1.5 billion since 1989? You are required to use your knowledge of team cohesion and co-operation, as well as any other team specific discipline to effectively answer this question.