Answered: Suppose you are about to start an…

Suppose you are about to start an entrepreneurial firm in January 2022. What will be the resource bundle of your business? How would you create and utilize the resource bundle?

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter7: Planning And Goal Setting

Section: Chapter Questions

Problem 1ED: When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so...

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When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so sure. Marge Brygay was a hardworking sales rep for Inspire Learning Corporation, a company intent on becoming the top educational software provider in five years. That newly adopted strategic goal translated into an ambitious, million-dollar sales target for each of Inspire's sales reps. At the beginning of the fiscal year, her share of the sales department's operational goal seemed entirely reasonable to Marge. She believed in Inspire's products. The company had developed innovative, highly regarded math, language, science, and social studies programs for the K— 12 market. What set the software apart was a foundation in truly cutting-edge research. Marge had seen for herself how Inspire programs could engage whole classrooms Of normally unmotivated kids; the significant rise in scores on those increasingly important standardized tests bore Out her subjective impressions. Bur now, just days before the end of the year, Marge's sales were $1,000 short of her million-dollar goal. The sale that would have put her comfortably over the top fell through due to last-minute cuts in one large school system's budget. At first, she was nearly overwhelmed with frustration, but then it occurred to her that if she contributed $1,000 to Central High, the inner-city high school in her territory probably most in need of what she had for sale, they could purchase the software and put her over the top. Her scheme would certainly benefit Central High students. Achieving her sales goal would make Inspire happy, and it wouldn't do her any harm, either professionally or financially. Making the goal would earn her a $10,000 bonus check that would come in handy when the time came to write out that first tuition check for her oldest child, who had just been accepted to a well-known, private university. Initially, it seemed like the perfect solution all the way around. The more she thought about it, however, the more it didn't quite sit well with her conscience. Time was running out. She needed to decide what to do. 1. Donate the $1,000 to Central High, and consider the $10,000 bonus a good return on your investment.
What is the difference between tangible and intangible resources? Which do you find to be more valuable to a company and why?
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On successful completion of this assignment, you will be able to: Identify and critically analyse principles and trends in performance measurement and control. Determine the different budgeting techniques and critically evaluate their use in short term decision making. Analyse the current approach to performance measurement and control in a selected global organisation and critically appraise suggestions for improvement of current practices. Critically appraise the application of performance criteria in not or profit and public sector organisations. Your Task Cat's Habitat is a cat rehoming shelter where stray cats can find new homes. This organization is a non-profit that has been in operation for five years. Cat's Habitat has seen an increase in the cost of food, toys, and other operating expenses over the last three years. As a result, the shelter has had to try to reduce the costs associated with its operations, which it has done by reducing the number of paid employees who work…
On successful completion of this assignment, you will be able to: Identify and critically analyse principles and trends in performance measurement and control. Determine the different budgeting techniques and critically evaluate their use in short term decision making. Analyse the current approach to performance measurement and control in a selected global organisation and critically appraise suggestions for improvement of current practices. Critically appraise the application of performance criteria in not or profit and public sector organisations. Your Task Cat's Habitat is a cat rehoming shelter where stray cats can find new homes. This organization is a non-profit that has been in operation for five years. Cat's Habitat has seen an increase in the cost of food, toys, and other operating expenses over the last three years. As a result, the shelter has had to try to reduce the costs associated with its operations, which it has done by reducing the number of paid employees who work…
On successful completion of this assignment, you will be able to: Identify and critically analyse principles and trends in performance measurement and control. Determine the different budgeting techniques and critically evaluate their use in short term decision making. Analyse the current approach to performance measurement and control in a selected global organisation and critically appraise suggestions for improvement of current practices. Critically appraise the application of performance criteria in not or profit and public sector organisations. Your Task Cat's Habitat is a cat rehoming shelter where stray cats can find new homes. This organization is a non-profit that has been in operation for five years. Cat's Habitat has seen an increase in the cost of food, toys, and other operating expenses over the last three years. As a result, the shelter has had to try to reduce the costs associated with its operations, which it has done by reducing the number of paid employees who work…
As an entrepreneur explain the basic principles of time management with examples?