MGT517_AshW1Assignment2

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1 Week 3: IT’S JUST A MATTER OF TIME CASE STUDY It’s Just a Matter of Time Case Study Francis Ash October 26, 2023 University of Arkansas at Grantham MGT515 Measurement & Assessment Strategy Dr. Sara Wilcox

2 Week 3: IT’S JUST A MATTER OF TIME CASE STUDY IT’S JUST A MATTER OF TIME What did Teresa learn? Teresa learnt quite a number of problems in Vegas company that had brought about the kind of financial pressures that the company was experiencing, she has been going through difficulties in the former company, when Vega approached her for help in managerial sector, she thought that it was the best opportunity for her to put her managerial skills into practice. This was true; however, several challenges came about in the process of her working, the company was experiencing a large problem in managing its financial assets, it was, therefore, heading towards undercapitalization. Teresa was given full responsibility to the company; however, after managing everything to an extent of bringing the company to a positive balance of $ 9,000, the owner began borrowing a huge amount of money that could possibly lead the company to its initial financial crisis. This experience gave Teresa a lesson that, some leaders can contribute to the failure of their own businesses due to their poor leadership skill, despite having managers or workers who have the capability of moving the company to better performances. 2. Other than quitting, what can Teresa do to resolve the problem? What learning and perception factors

3 Week 3: IT’S JUST A MATTER OF TIME CASE STUDY As a leader, Teresa should adopt some ways that will help her minimize on the kind of stress she may experience in the organization, Teresa should compromise with the situation and maybe instead of denying to sign the 4 30,000 for Vegas house down payment, she can advise Vega o look for other means of paying for the house, and getting the money slowly from the positive balance in the company to clear up the debt, for instance, he can have the house on Mortgage and the company will probably be paying the cash to completion. The learning and perception factors from the information provided greatly focuses on the good qualities of a leader, she managed to bring the company back on track from the initial devastating performances, however, leaders adopt very many ways of handling pressure and stress in organizations, quitting will not be the best option for her if she truly needed the job to put her managerial skills in practice, she would rather look for another way of handling Mr. Vegas opinion in order to keep the company operating positively. The perception factor in this context includes sensing various aspects of an individual, task and coming up with the impression based on the selected inputs. 3 . If you were an outside consultant to the firm, could you recommend solutions that might not occur to Teresa or Vegas? What would they be?

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4 Week 3: IT’S JUST A MATTER OF TIME CASE STUDY If I were an outside consultant to the firm, I would recommend solutions that Teresa, this is because Teresa is working to her best to assist the organization to improve its financial performances as a manager, since Vega lacks the necessary managerial skills[ CITATION MAH14 \l 1033 ] . He does not see the need of having some amount of cash in bank because according to him money should be used and not stored in the Bank, this is a sign of an individual with poor managerial skills. Possible recommendations to Vega  To support and appreciate Teresa’s efforts, he should follow her advice concerning the minimal balances for the business.  Vega should maintain Teresa in his business because she has helped him bring back the business from the former worse performances. Vega should learn to give very important ideas the priority, spending should go hand n hand with the company financial capacity in terms of current and future performances.

5 Week 3: IT’S JUST A MATTER OF TIME CASE STUDY References Miller, M. (2014). Organizational Behavior (4th ed.). Wiley Global Education US. Retrieved from Organizational Behavior (4th ed.). Wiley Global Education US.: https://ambassadored.vitalsource.com/reader/books/9781119031024/pageid/158

6 Week 3: IT’S JUST A MATTER OF TIME CASE STUDY

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