Mr Abuhas set up a Limited Liability company as a retail business. He employed a Managing Director to manage the affairs of the business. The managing Director open vacancies and employed several subordinates into the company to work under him. Two years down the line,The MD resigned from the company and one of the employees was promoted as the New MD. During the First MD regime, Sales staffs were meeting their targets over and above expectations but as soon as the New MD assumed his position two Sales staffs resigned and hence sales within the first term ofh is office fell 15%. 1.What should the new MD do? 2.As as staff of the company, what will you feel or think? 3.What type of leader is the new MD?
Mr Abuhas set up a Limited Liability company as a retail business. He employed a Managing Director to manage the affairs of the business. The managing Director open vacancies and employed several subordinates into the company to work under him. Two years down the line,The MD resigned from the company and one of the employees was promoted as the New MD. During the First MD regime, Sales staffs were meeting their targets over and above expectations but as soon as the New MD assumed his position two Sales staffs resigned and hence sales within the first term ofh is office fell 15%. 1.What should the new MD do? 2.As as staff of the company, what will you feel or think? 3.What type of leader is the new MD?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Mr Abuhas set up a Limited Liability company as a retail business. He employed a
Managing Director to manage the affairs of the business. The managing Director open
vacancies and employed several subordinates into the company to work under him.
Two years down the line,The MD resigned from the company and one of the employees
was promoted as the New MD. During the First MD regime, Sales staffs were meeting
their targets over and above expectations but as soon as the New MD assumed his
position two Sales staffs resigned and hence sales within the first term ofh is office fell 15%.
1.What should the new MD do?
2.As as staff of the company, what will you feel or think?
3.What type of leader is the new MD?
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