Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 15.2, Problem 1DQ
Why might it be a bad decision to hire someone for a key startup role based only on the fact that the person is close family or a friend? What are the potential tradeoffs to the business?
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Joy Pechum, CEO of California Anesthesiology Group (CAG), was sitting in her office, preparing the agenda for the meeting of the board of directors to be held next Sunday. She thought about what to offer the board as an explanation for why she would spend $20,000 to deploy standardized project management methodology.
At that moment the phone rang. She picked it up and heard the voice of Patrick, her VP of finance. He began, “Joy, I have a vendor invoice here. It shows that Dr. Squirrel had bought a computerized patient management system, costing $250,000. Its deployment would cost us another $250,000, i.e., a total of half a million dollars! All I want to know is whether you have approved it.” “No, I have not,” answered Joy hanging up angrily, trying to visualize the face of Dr. Squirrel, a big gun in the company, both as an anesthesiology expert and shareholder owner, when she tells the board about this purchase.
OUR UNIQUE PRACTICE
CAG is a for-profit company of 200+ medical doctors…
At the first virtual meeting of the team, all members have been asked to make an individual contribution, which will be circulated to other team members prior to the next meeting. Your task is to provide a document which:
• analyses the mission and vision statements of named organizations.
To gain a merit grade you must have a further section in the document which:
• evaluates the impact of a named organization’s vision and mission on its strategy.
To gain a distinction grade you must add another section to the document which:
analyses how external influences affect organizational strategy in a named organization
notes:
Any organization or company you choose and analyze its data with a mention of the link from which the basic data was taken, for example, Amazon, Apple, or any other major company
Written a short essay to answer the question below:
Imagine you joined a start-up company, and your team mostly consists of interns. On behalf of the team, assess how a structured and unstructured problem should be approached.
Chapter 15 Solutions
Principles of Management
Ch. 15.1 - What is the definition of a team?Ch. 15.1 - Name some practices that can make a team more...Ch. 15.2 - Why might it be a bad decision to hire someone for...Ch. 15.2 - What does it mean for the three Rs to be in...Ch. 15.2 - What are the four stages of team development?Ch. 15.2 - What can cause a team to regress in its...Ch. 15.3 - Do you agree with the statement that what got you...Ch. 15.3 - Who would be on your stakeholder checklist? Which...Ch. 15.3 - Discuss the paradox(es) of a team.Ch. 15.3 - How can a leader manage team boundaries?
Ch. 15.4 - What are some techniques to make conflict more...Ch. 15.4 - What are some destructive responses to conflict?Ch. 15.5 - Why do diverse teams focus more on data than...Ch. 15.5 - How are diversity and innovation related?Ch. 15.6 - What are some multicultural experiences that youve...Ch. 15.6 - Has economic globalization helped people to bridge...Ch. 15.6 - What are some of the challenges of a multicultural...Ch. 15.6 - Explain the cultural intelligence techniques of...Ch. 15 - What are the key differences between a team and a...Ch. 15 - At what stage of team development does the team...Ch. 15 - What can cause a team to digress to an earlier...Ch. 15 - What can a team leader do to manage the teams...Ch. 15 - How does managing conflict help a team learn and...Ch. 15 - What are some strategies to make conflict more...Ch. 15 - Why are diverse teams better at decision-making...Ch. 15 - Why do diverse teams utilize data more often than...Ch. 15 - What are some of the challenges that multicultural...Ch. 15 - What are the key sources of cultural intelligence?Ch. 15 - If you dont have a diverse group of people on your...Ch. 15 - Evaluate your own team at work. Is it a diverse...
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