Business Essentials
11th Edition
ISBN: 9780134138282
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 9, Problem 9.21EE
Summary Introduction
Summary:
Person X is the CFO for Company AN. He has been asked to develop a budget for the long-term production of nutritional supplements and expanding into the international market. The CEO of the Company is Person JJ who has come up with a new option. Person X is concerned stating that it is a risky move for the employees.
To explain: The action of most managers in this situation.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Can you answer it in a short answer? please
John was thrilled when, after completing his MPA degree, he was hired to work as a management analyst in the state office of management and budget. During his first year on the job, John impressed his supervisor and coworkers with his excellent analytical and writing skills. Even though his time on the job was short, he had proved himself to be an intelligent, hard-working, and reliable employee. At his 1-year performance review, he received an "excellent" overall rating.
Shortly after his 1-year anniversary on the job, a new governor was sworn into office. She had many innovative ideas and changes that she wanted implemented to improve the efficiency and effectiveness of state govern- ment. One of the vehicles she instituted to achieve these changes was the introduction of a statewide "management by objectives" (MBO) program to be administered out of John's office. Although John was relatively inexperi- enced, the unit director believed that…
Oscar Munoz started as United’s CEO in 2015, by March 2017 named “Communicator of the Year” by PRWeek. Unfortunately, he fell from grace a month later due to United’s botched response to a flight-related incident.106
SUNDAY, APRIL 9: CHAOS ON FLIGHT 3411
A fully booked United flight 3411 was preparing to depart from Chicago to Louisville when gate agents realized that four airline crew members needed to get to Louisville. The gate agents asked for four volunteers to give up their seats in return for compensation. No one accepted United’s offer because the flight was the last one to Louisville that evening. United then decided to enact an “involuntary de-boarding situation,” in which four random passengers were directed to deplane. Three of the passengers deplaned without incident. The fourth, Dr. David Dao, refused, saying “I can’t get off the plane. I have to get home. I’m a doctor. I have to get to the hospital in the morning,” according to The Sentinel News.107
United employees…
Your goal is to become the CEO of a multi-million-dollar food manufacturing corporation. You’ve had successes in the past running fast food franchises. What are your top business strategies to achieve your goal and how will you plan to execute them?
Chapter 9 Solutions
Business Essentials
Ch. 9 - Prob. 9.1QRCh. 9 - Prob. 9.2QRCh. 9 - Prob. 9.3QRCh. 9 - Prob. 9.4QRCh. 9 - Prob. 9.5QACh. 9 - Prob. 9.6QACh. 9 - Prob. 9.7QACh. 9 - Prob. 9.8QACh. 9 - Prob. 9.9AECh. 9 - Prob. 9.10AE
Ch. 9 - Prob. 9.11ACh. 9 - Prob. 9.12ACh. 9 - Prob. 9.13ACh. 9 - Prob. 9.14ACh. 9 - Prob. 9.15ACh. 9 - Prob. 9.16TECh. 9 - Prob. 9.17TECh. 9 - Prob. 9.18TECh. 9 - Prob. 9.19TECh. 9 - Prob. 9.20EECh. 9 - Prob. 9.21EECh. 9 - Prob. 9.22EECh. 9 - Prob. 9.23CCh. 9 - Prob. 9.24CCh. 9 - Prob. 9.25CCh. 9 - Prob. 9.26CCh. 9 - Prob. 9.27CCh. 9 - Prob. 9.28CCh. 9 - Prob. 9.29CCh. 9 - Prob. 9.30CCh. 9 - Prob. 9.31CCh. 9 - Prob. 9.32C
Knowledge Booster
Similar questions
- Your Uncle Craig and Aunt Carol want more out of life. Craig works as an inspector for the city health department, which involves inspecting restaurants and food service establishments to see whether they are operating according to local laws. Carol worked as an insurance agent for the first 10 years of their marriage and is now a stay-at-home mom. Their home is paid for and their son, your cousin, Charles, is a senior in high school. Neither Craig nor Carol has much experience in owning or operating a small business, yet this is what they want to do when their son graduates from high school. They have been frugal and have saved over $200,000 for this venture. Craig will not be quitting his job for a while. This will leave Carol with the responsibility of running the business. For the scenario above, answer the following questions: Which business structure should they adopt for their new business? Explain your answer and state the costs and benefits of your advice.arrow_forwardOmar, who is an amateur cook, recently started a firm to prepare what he believes is the first line of organic burgers in Saudi Arabia. Despite facing rejections from financial supporters, Omar continued with his desire to sell his organic burgers to as many people as possible, because he firmly believes in the merits of his products. Omar's story best illustrates which of the following characteristics of successful entrepreneurs? A) tenacity despite failure B) desire to gain financial rewards C) execution intelligencearrow_forwardRobin, founder and CEO of Greenwash.com, is a person who exudes energy, enthusiasm, and drive. He's fun-loving but has pursued his vision for Greenwash.com with serious intensity and has demonstrated an ability to inspire his employees through the ups and downs of a rapidly growing company. Robin is what the employees call a charismatic leader that is, an enthusiastic, self-confident leader whose personality and actions influence people to behave in certain ways. You are required to analyse the charismatic leadership using the theories and examples as much as you can.arrow_forward
- What does it mean to say that managers should maximize shareholder wealth "subject to ethical constraints"? What ethical considerations might enter into decisions that result in cash flow and stock price effects that are less than they might otherwise have been? The Securities Exchange Act of 1934 limits, but does not prohibit, corporate insiders from trading in their own firm's shares. What ethical issues might arise when a corporate insider wants to buy or sell shares in the firm where he or she works?arrow_forwardWhat personal characteristics and values will Jack need to continue running his business while also attending school full-time?arrow_forwardINSTRUCTIONS Consider the situation at Hewlett-Packard from a multiple stakeholder perspective. Imagine you are an ethical leader in each instance…. A CEO faced with leaks regarding your strategic vision. Briefly discuss four approaches your group would take to determine who was sharing the information. Describe an advantage and a disadvantage of one of your proposed approaches. How would you rebuild trust and enable good employee communication? A shareholder with HP stock. What would you want to see done to protect your investment in the company? An investigator hired by HP. What role do you have in upholding ethical standards? A board member who was spied upon. What would your reaction be to learning that you were investigated? Justify your response. As several observers have noted, HP spent a lot of time establishing whether or not their activities were technically legal but little time considering whether or not their actions were ethical. Briefly explain whether your group…arrow_forward
- Hi, could you help me answering a question, it would really help me for my understanding of the subject. The question is the following “Motivation and decision-making approaches of entrepreneurs play a critical role in their entrepreneurial journey. Discuss how motivation and decision-making approaches may change on the basis of the context, time, and personal characteristics of entrepreneurs.”. Would you be able to answer this question in about 1000 words please? Thanks in advancearrow_forwardBecoming an effective leader and business professional requires you to develop a number of skills throughout your career. In this program, you will consider many different business skills—some tangible, and some intangible. And some of those intangible skills, when put into practice, can result in new opportunities for growth and development for yourself, for the organizations where you work, and for others within and outside of your personal and professional community. Simply put, personal vision goes far beyond traditional goals and objectives. With this definition in mind, respond to the following: the role of personal mastery in your leadership development. Define and present your own personal vision. Briefly relate your personal vision to your ability to become an agent of change within your organization, your family, or your community.arrow_forwardHi, could you help me answer a question, it would help me with my understanding of the subject. The question is the following “Motivation and decision-making approaches of entrepreneurs play a critical role in their entrepreneurial journey. Discuss how motivation and decision-making approaches may change on the basis of the context, time, and personal characteristics of entrepreneurs.”. Would you be able to answer this question in about 1000 words, please? Thanks in advancearrow_forward
- How does business management changes your perspective of business? How has it shaped your ability to lead in the future? Where does your inspiration come from? What are your core values? What are your future goals and how can you use the knowledge gained from business management to reach your full potential?arrow_forwardAs a vice-president at a company that manufactures exercise equipment, you have been asked to explain two rewards that your company is likely to gain from switching to Access from Excel?arrow_forwardWrite a reflection paper on "What motivates people to become an entrepreneur?" in 1 paragraph only with 500-700 words. Below is the guide.What motivates people to become an entrepreneur?Greater Control As a self-employed business owner you'll have the freedom to make executive decisions that will affect the future of not only your company but also your family and career in the long-term. As an employee you can only exercise control within the boundaries of your job description. Flexible Work Hours One of the most appealing types of control that an entrepreneur has is the ability to choose when they want to work. With that said, working inconsistent hours and failing to commit to a set work schedule is a sure way to hinder the success of your business. Be realistic and don't give yourself too many vacations or progress will certainly suffer. Keep in mind that balancing work and life is an essential aspect of succeeding as a business owner. Open-Ended Career Progression As an employee…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