Concept explainers
Case summary:
Person S and L established The Rural Education Center (TREC) for the purpose of providing rural and homesteading skills to hundreds of students. In 1982 the TREC started to dry up and in order to recover this situation they expanded the dairy herd to produce and sell additional yogurt. Finally it reached in to profit.
The company started Stonyfield’s farming and it helps to number of organic farmers for producing agricultural products without pesticides and other chemicals. It helps to employees to contribute to firm’s environmental efforts and company providing education, training, and other opportunities for employees.
For the previous 30 years Stonyfield’s employees, managers builders have been inspired by company’s mission and entrepreneurial spirit to do fine by doing good.
To discuss: The factors which leads Person X switch focus from operating The Rural Education center to full time manufactures of organic yogurt.
Want to see the full answer?
Check out a sample textbook solution- What personal characteristics and values will Jack need to continue running his business while also attending school full-time?arrow_forwardTRISTAN WALKER is the founder of Walker & Company, which makes health and beauty products for people of color, and Code 2040, which fosters and supports minority engineering and tech talent. A former executive from Twitter and Foursquare, Walker pitched multiple ambitious, high-tech ideas to the venture capitalists at Andreessen Horowitz before discovering a relatively low-tech business that was in front of him all along: the Bevel line of shaving products. On asked about the best advice he ever received he mentioned: Actor and producer Tyler Perry said he realized his potential as an entrepreneur after he figured out that the trials you go through and the blessings you receive in life are the exact same things. The trials you go through are blessings in disguise. It has given me a lot of peace. About his opinions on difficult lessons he learnt on job he said: The importance of authenticity. After leaving Foursquare, I spent seven months as an…arrow_forwardWhat are the external factors that can influence Dove?arrow_forward
- Taylor, 21, works as an assistant/receptionist at a local pet groomer, earning $15,080 per year (full-time, minimum wage work) with no benefits or paid leave. They find working with the groomers, pets, and customers interesting and fun since they plan to pursue work at the county animal shelter in the future. Working with animals has been Taylor's goal for most of their life. Taylor lives with their parents, paying rent, cooking most of the family's meals, and helping out around the house. They also provide occasional childcare for their much-younger siblings in exchange for using one of the family cars to get to work when the weather is poor. On Saturdays, Taylor volunteers with a local animal rescue. They'd like to foster pets for the rescue, but Taylor's siblings are allergic to cats and and their parents hate dogs. Taylor doesn't have a lot of spare time to socialize with their friends but always makes time for a weekly group movie night at someone else's house (Taylor's parents…arrow_forwardThe Ice Cream Men Who would have thought that two ex-hippies with strong interests in social activism would end up starting one of the best-known ice cream companies in the country—Ben & Jerry’s. Perhaps it was meant to be. Ben Cohen (the “Ben” of Ben & Jerry’s) always had a fascination with ice cream. As a child, he made his own mixtures by smashing his favourite cookies and candies into his ice cream. However, it was not until his senior year in high school that he became an official “ice cream man,” happily driving his truck through neighbourhoods filled with kids eager to buy his ice cream pops. After high school, Ben tried college but it was not for him. He attended Colgate University for a year and a half before he dropped out to return to his real love: being an ice cream man. He tried college again, this time at Skidmore, where he studied pottery and jewellery making. In spite of his selection of courses, he still did not like it. In the meantime, Jerry Greenfield…arrow_forwardAssad is a baker who lives in a small village in Herat. He owns a small shop together with his brother, Hamid, and his nephew Rajibullah. The three of them worked well together—Assad did all of the baking in the kitchen, Rajibullah attended to the customers, and Hamid delivered flour every day from the small flour mill that he owned nearby. Assad relied on both his brother and his nephew in order to keep the bakery running. He was glad that he did not need to rely on strangers to run his business. One day, however, Hamid decided that he wanted to move back to his home village in Kandahar. He sold his flourmill and used the money to buy a house in Kandahar for him and Rajibullah to live in. Because it would be impossible for him to keep running the shop all on his own, Assad was faced with a decision—he had to either find a new flour supplier and a new person to work in his shop, or he would be forced to close it altogether. He decides to try to find a new supplier of flour. Hamid…arrow_forward
- Rita wants to be involved in business. She has a fair amount of money to invest, but she does not want to be involved in management. She wants to form a business in the quickest way possible under her circumstances. Which form of business would be best for Rita? Limited partnership Sole proprietorship LLC Corporationarrow_forward4) What was the initial purpose of the Hawthorne studies? What was the actual outcome?5) Elton Mayo singled out two factors as having special importance for the increase inproductivity. What are these two factors?6) What is the viewpoint of the human relations movement?arrow_forward200 WORD ESSAY How you will be able to control conflicts in a family business?arrow_forward
- What are Sherry Hunt's values and motivations in Through the Eyes of a Whistleblower case?arrow_forward19) According to agency theory, managers might: a) Spend stockholder money for their own comports b) Expand the business to increase their own power c) Look out for stockholder interests d) A and B e) A and B and Carrow_forwardJake and Rocket, a cartoon guy and his cartoon dog, can be found on most of the apparel and other branded products sold by the Life is good® company.44 With his perky beret (or other appropriate head gear), Jake has that contented look of being able to enjoy life as it is and finding reasons to be happy right now. And Rocket? Well, he’s just happy to be along for the ride. And what a ride it’s been for the two! They’ve been a part of the company’s growth to over $100 million in revenues. Company co-founders and brothers, Bert and John Jacobs have a personal and business philosophy much like Jake: simplicity, humor, and humility. However, both understand that even with this philosophy, they need to be good managers and they need good managers throughout the organization in order to stay successful. Bert and John designed their first tee shirts in 1989 and sold them door-to-door in college dorms along the East Coast and in Boston where they’d set up shop using an old card table in…arrow_forward
- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub