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- You own a company that makes after-market accessories for vehicles. You have 75 employees split in two facilities: one in Denver and one in Baltimore. The facility supervisor in Baltimore has abruptly quit to follow his wife on an overseas government appointment. You hired a former colleague who has everything needed to step in and take over the operation successfully. However, as the only woman at that site, she has been facing serious resistance to change since beginning three weeks ago. List the reasons why you think she is experiencing such resistance to change then explain how you would work to overcome this resistance with the 32 employees in that building. (please cite references)the Hierarchy of the information- based business decision makers.Which level has the best chance of success and why? the 3 Hierarchies are top tier visionaries, middle tier standarised decison makers and the base tier intuitive decision maker. Explain them and explain which level of these has the best chance of success and why? need to know advantages as well please Thank you.Use the five-step decision-making process to analyse the following situation and recommend acourse of action:You are in charge of granting all computer hardware service contracts for your employer, which areworth more than $30 million annually. You casually indicated that you were seeking to buy a new carand that you particularly liked the Audi automobile but that it was very expensive in recent emailswith the company's current service provider. You are taken aback when the service provider texts youthe phone number of the sales manager at a nearby Audi dealership and advises you to call him. Theservice provider claims that because of his close friendship with the dealership's owner, he will be ableto offer you a fantastic price on a new Audi. Could it appear that you were asking for a bribe if yourmanager saw a copy of the texts you sent to the contractor? Could you classify this offer as a bribe?How would you respond?
- What dangers does a company face if it focuses only on tactical decisions?One ways that organizations compete is through technological innovation. However, there can be downsides for both the organization and the consumer. Explain. a. What would cause a business person to make an unethical decision? b. What are the risks of doing so?Which among the following is one of the advantages of the McKinsey 7S model 1 It is considered a long-term modelWith the changing nature of businesses, it remains to be seen how the model will adapt. 2 It seems to rely on internal factors and processes and may be disadvantageous in situations where external circumstances influence an organization. 3 It is considered a longstanding theory, with numerous organizations adopting the model over time.
- MANAGERIAL ECONOMICS 7. Make a complete description of the various risks and uncertainties faced by the company and ways to overcome them; give 2 (two) concrete examples of business decisions that anticipate risks and uncertainties!how does break-even analysis act as a decision-making tool for business? elaborateGenerally, Crises affect businesses negatively and therefore, many businesses revise their policies to cope with the challenging situation. Currently, COVID-19 adversely affects almost every business in the world. To keep employees, retain and engage is one of the main challenges for organizations and many organizations are trying to tackle this challenge through various alternatives. Consider yourself as an HR manager of a Pharmaceutical company in Karachi and answer the following policy questions asked by your top management Q1. What are those factors that you will consider for designing the incentive plan to retain your best employees (i.e. direct financial payments or indirect financial payments)? (Support your answer with an example. Q2. Critically evaluate which approach is best suited to evaluate the compensation of employees in the current situation? Support your answer with an example.…
- Your new company must plan for adaptability and alignment both internally and externally due to a crisis and other unexpected events, such as a mortgage crisis, a fire, IT system failure, loss of a major customer, loss of suppliers, union strikes, or terrorist attacks. How do you identify a crisis that Kibbles and Bits may experience, and explain how Kibbles and Bits would adapt and align in this crisis?Describe a decision that you have had to make recently that was difficult. What were the major issues? What were your alternatives? Did you have to deal with uncertainty? Were there important trade-offs to make?(1) If you go to work tomorrow morning and your bossasks you to do something you consider unethical,what factors will you take into consideration beforeresponding? (2) How can you balance the businessneed to inspire employees to compete aggressivelywith the moral need to avoid competing unethically?