FUND OF MGMT COMBO MYLAB+MAILEDBOOK
11th Edition
ISBN: 9780135641040
Author: Robbins
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Videos
Textbook Question
Chapter 14, Problem 1PTS
Read through this scenario and follow the directions at the end of it:
Your career has progressed even faster than you thought possible. After graduating from college with an accounting degree, you passed your CPA exam and worked three years for a major accounting ?rm. Then you joined General Electric in their ?nance department. Two employers and four jobs later, you have just been hired by a Fortune 100 mining company as their vice president for ?nance. What you didn’t expect in the new job was having to deal with Mark Hundley.
Mark is the vice president of company operations. He has been with the company for eight years. Your ?rst impression of Mark was that he was a “know-it-all." He was quick to put you down and acted as if he was your superior rather than an equal. Based on comments you‘ve heard around the offices, it seems you are not alone. Other executives all seemed to agree that Mark is a brilliant engineer and operations manager but very difficult to work with. Speci?c comments you've heard include “an abrasive attitude"; "talks down to people"; “arrogant”; “thinks everyone is stupid"; and “poor listener."
In your short time in the new job, you've already had several run-ins with Mark You‘ve even talked to your boss, the company president, about him. The president's response wasn’t surprising: “Mark isn't easy to deal with. But no one knows this company‘s operations like he does, if he ever leaves, I don't know how we'd replace him. But, that said, he gives me a lot of grief. Sometimes he makes me feel like I work for him rather than the other way around." Describe what you could do to improve your ability to work with Mark.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Consider the following scenario and then answer the questions that follow.You have been hired as a business consultant to assist a local air-conditioning company as they scale up from start-up to a growth business. They have taken on 10 new employees, 6 of whom are inexperienced air-conditioning technicians who need to be developed over the next year. Many of the company’s customers are unable to pay for new installations due to tougher business conditions resulting from the pandemic, so the business is wanting to institute a new debtor’s policy.In answering the questions below, consider the following:• Maintain a balance between theory and application;• All theory must be referenced from the textbook and other credible sources;• Very limited use of direct quotes is permitted; you are required to paraphrase and explain concepts in your own words.Q.1.1Identify and discuss a suitable on-the-job training and development method for the company’s technicians.Q.1.2Classify the type of…
You are employed as a Senior Office Manager in a call center based in London. The company provides customer care services to a UK fashion retailer. Your company reduces operating cost by having remote call center agents who are based in the UK but has got access to a network of computers, a call center software, a headset and a reliable Internet connection. You maintain a team of 10 people, 6 of them are administrative clerks and 4 are senior managers who deal with customer complaints, retention and cancellation. The Managing Director has announced that the offices will be relocated to the area around Salford , Manchester in order to reduce costs. He has asked you to lead a small team from the office and involve consultants to plan and execute this move. She wishes to retain the same size administrative team. In his announcement, he also confirmed the three core targets associated with the move. These include:
a) Real-time Control System: Creation of several easy-to-read dashboards and…
example of what we expect from MIS course, the challenges we anticipate
and how you will set yourself up for success in MIS course
Chapter 14 Solutions
FUND OF MGMT COMBO MYLAB+MAILEDBOOK
Ch. 14 - Prob. 1TAICh. 14 - Prob. 2TAICh. 14 - Prob. 3TAICh. 14 - What are the challenges in doing it?Ch. 14 - Prob. 5TAICh. 14 - Prob. 6TAICh. 14 - Prob. 1DQCh. 14 - Prob. 2DQCh. 14 - Prob. 3DQCh. 14 - Prob. 4DQ
Ch. 14 - Prob. 5DQCh. 14 - Prob. 6DQCh. 14 - Prob. 7DQCh. 14 - Prob. 8DQCh. 14 - Prob. 9DQCh. 14 - Prob. 10DQCh. 14 - Read through this scenario and follow the...Ch. 14 - Is Visa being overly cautious? Why or why not?Ch. 14 - Prob. 15DQCh. 14 - Prob. 16DQCh. 14 - Prob. 17DQCh. 14 - Prob. 18DQCh. 14 - Prob. 19DQCh. 14 - Prob. 20DQCh. 14 - Prob. 21DQCh. 14 - Prob. 22DQCh. 14 - Prob. 23DQCh. 14 - Prob. 24DQCh. 14 - What role would information controls play in this...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Identify some examples in your life and in the business of win-win scenarios. How were these scenarios achieved? What were the greatest threats to these scenarios?arrow_forwardRead the scenario carefully and answer the question Mr. John lives in a slum area of Ethiopian capital Addis Ababa. He is a painter and was previously working for a manufacturing unit. The unit was closed a year ago and Mr. John remained unemployed since then. Now he works on daily wages in another manufacturing unit. As he is depressed because of losing previous job, he seems to be a little demotivated and his new manager has noticed it. The new manager wants to motivate him and is thinking to find the solution of this problem through McClelland’s three need theory. Q) Will he be able to motivate him by using the concepts of McClelland’s three needs theory? Explain with reason.arrow_forwardJessica owns a successful cleaning company, Spring Clean. Her clients are businesses who require their offices being cleaned at night. Her staff consists out of 15 cleaners and 5 managers. She is planning to grow the business and in the process passing on more responsibility to her managers. She is drawing up training manuals and she wants to include risk management. She is uncertain about a few topics and has come to you for advice 1. Explain what consequential losses are. Support your explanation with twocomprehensive examples relevant to Spring Clean.arrow_forward
- You work as a supervisor in a manufacturing firm. The company has implemented a balanced-scorecard performance-appraisal system and a financial bonus for exceeding goals. A major customer order for 1,000 units needs to ship to a destination across the country by the end of the quarter, which is two days away from its close. This shipment, if it goes well, will have a major impact on both your customer-satisfaction goals and your financial goals. With 990 units built, a machine breaks. It will take two days to get the parts and repair the machine. You realize there is an opportunity to load the finished units on a truck tomorrow with paperwork for the completed order of 1,000 units. You can have an employee fly out with the 10 remaining parts and meet the truck at the destination city once the machinery has been repaired. The 10 units can be added to the pallet and delivered as a complete shipment of 1,000 pieces, matching the customer’s order and your paperwork. What do you do?arrow_forwardOne of the reasons that problem solving is often difficult is that real-world problems are not so clearly organized. You should review all of the information that is provided, determine the implications of these data, and then see if you can make a connection between the goal and what you are given. Now read the following case, and then answer the questions: Two friends meet on the street. They have not seen each other for many years. They talk about various things and then one of them says, “I heard that business managers are intelligent people. Since you are a business manager, I would like to give you a problem to solve. You know, today is a very special day for me. All three of my sons celebrate their birthday this very day! Can you tell me how old each of them is?” ”Sure,” answers the business manager, “but you will have to tell me something about them.” ”OK, I’ll give you some hints,” replies the father of the three sons, “The product of the ages of my sons is 36.” ”That is…arrow_forwardYou are currently the owner a small Hotel on the coast of an island within the Caribbean. The hotel occupies 1 acre of land next to a fishing village and farming district. You have a staff of 10 people, the water, electricity, and waste management cost are high, and the hotel is barely breaking even. When the septic tank is full, and you are unable to pay to remove the waste it is released into the sea at night. The corals around the hotel have been dying quickly and tourists are complaining about the declining quality of the reefs. Currently, much of the food used at the hotel is imported and the tourists have limited interaction with locals within the surrounding community. The government has decided to give sustainable tourism development grants of up to USD $250,000.00 to small struggling Hotels who can demonstrate via a project concept proposal that their operation can offer significant social and environmental benefits to their surrounding communities. In addition, these Hotels…arrow_forward
- You are currently the owner a small Hotel on the coast of an island within the Caribbean. The hotel occupies 1 acre of land next to a fishing village and farming district. You have a staff of 10 people, the water, electricity, and waste management cost are high, and the hotel is barely breaking even. When the septic tank is full, and you are unable to pay to remove the waste it is released into the sea at night. The corals around the hotel have been dying quickly and tourists are complaining about the declining quality of the reefs. Currently, much of the food used at the hotel is imported and the tourists have limited interaction with locals within the surrounding community. The government has decided to give sustainable tourism development grants of up to USD $250,000.00 to small struggling Hotels who can demonstrate via a project concept proposal that their operation can offer significant social and environmental benefits to their surrounding communities. In addition, these Hotels…arrow_forwardThe core employees in the nine-box grid are those with _________blank. Multiple Choice high potential and high performance low potential and outstanding performance moderate potential and solid performance high potential and low performancearrow_forwardAnswer on these two senarios: Senario 1: You have decided to form a new start-up company developing applications for the iPhone. Give examples of the three distinct types of financial decisions you will need to make. Senario 2: You are the CEO of a company and you are considering entering into an agreement to have your company buy another company. You think the price might be too high, but you will be the CEO of the combined, much larger, company. You know that when the company gets bigger, your pay and prestige will increase. What is the nature of the agency conflict here and how is it related to ethical considerations?arrow_forward
- 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?arrow_forwardDeath is a reality. Nobody is immortal.With that note, everyone should be financially ready to go through life. We should be able to draw and finance our own Life Planning Timeline. Sometimes we are forced to go through life with unforeseen circumstances. We often worry ourselves with the following questions:• What need to be done for a funeral ceremony when it is unplanned?• What are the consequences when your funeral is unplanned?2020 had taught everyone to be more analytical about this matter. Therefore, financial savvy is a must to survive after Covid 19. Assign each group member with a family tree title. Assume that the leader and the assistant leader are the parents and the breadwinner of the family. You are required to write objectively about the innovative ways to encourage personal budgeting to prepare the family after either one of the parent’s death. You can be as creative as possible to come up with the innovative measures in creating various wealth generating portfolios…arrow_forward1. Using the Opportunity-Loss (aka minmax regret) strategy: What is the Maximum Regret if "One Examiner" is hired? 2. Using the Opportunity-Loss (aka minmax regret) strategy: What is the Maximum Regret if "Two Examiners" are hired? 3. Using the Opportunity-Loss (aka minmax regret) strategy: What is the Maximum Regret if "Three Examiners" are hired? 4. If she uses the Opportunity-Loss (aka minmax regret) strategy, how many new examiners will she decide to hire?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
Forecasting 2: Forecasting Types & Qualitative methods; Author: Adapala Academy & IES GS for Exams;https://www.youtube.com/watch?v=npWni9K6Z_g;License: Standard YouTube License, CC-BY
Introduction to Forecasting - with Examples; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=98K7AG32qv8;License: Standard Youtube License