Understanding Business
12th Edition
ISBN: 9781260092332
Author: Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
thumb_up100%
Chapter 1.1, Problem 1.1BQ
Summary Introduction
To determine: The reasons due to which the application of good management principles are equally required for profit earning businesses and nonprofit organizations.
Introduction:
The organization which is not established with goal of earning profit for personal benefit of owner or management like other normal organizations is known as nonprofit organization.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Transactional leadership
Discuss how this leadership style will fit with the healthcare industry and can benefit the staff. Explain your answer.
Five crucial traits—emotional intelligence, visionary wondering, conversation, adaptability, and empathy
discuss in detail how these traits support someone in becoming an effective leader in a management position.
You are the Human Resource Manager of your company and your input has been sought for the following scenarios:
Aimee is the mother of a new born. She is very dedicated to her work but she used to stay for longer hours at work before she had her baby. Now she tries to schedule her work so that she leaves around 5:00 p.m. Her immediate manager feels that Aimee is no longer dedicated or committed to her work and is considering passing her over for a promotion.
Jack is a married male, while John is single. Your company has an assignment in a branch in Mexico that would last a couple of years. Management feels that John would be better for this assignment because he is single and is free to move.
Brett, a sales employee has painful migraines intermittently during the workday. He would like to take short naps during the day as a preventative measure and he also needs a place where he can nap when a migraine occurs. His immediate manager feels that this is unfair to the rest of the…
Chapter 1 Solutions
Understanding Business
Ch. 1.1 - In 1979, Geral Fauss took 5,000 oversized foam...Ch. 1.1 - Prob. 1.1BQCh. 1.1 - Prob. 1TPCh. 1.1 - Prob. 2TPCh. 1.1 - Prob. 3TPCh. 1.1 - Prob. 4TPCh. 1.2 - Prob. 1.2AQCh. 1.2 - Prob. 5TPCh. 1.2 - Prob. 6TPCh. 1.2 - Prob. 7TP
Ch. 1.3 - Prob. 1.3AQCh. 1.6 - Prob. 1.6AQCh. 1.7 - Prob. 1.7AQCh. 1.7 - Prob. 8TPCh. 1.7 - Prob. 9TPCh. 1.7 - Prob. 10TPCh. 1.7 - Prob. 11TPCh. 1.8 - Prob. 1.8AQCh. 1.8 - Prob. 12TPCh. 1.8 - Prob. 13TPCh. 1 - Prob. 1CECh. 1 - Prob. 2CECh. 1 - Prob. 3CECh. 1 - Prob. 4CECh. 1 - Prob. 1CTCh. 1 - Prob. 2CTCh. 1 - Prob. 3CTCh. 1 - Prob. 4CTCh. 1 - Prob. 5CTCh. 1 - Prob. 1DCSCh. 1 - Prob. 2DCSCh. 1 - Prob. 3DCSCh. 1 - Prob. 4DCSCh. 1 - Prob. 5DCSCh. 1 - Prob. 1PPTCh. 1 - Prob. 2PPTCh. 1 - Prob. 3PPTCh. 1 - Prob. 1VCCh. 1 - Prob. 2VCCh. 1 - Prob. 3VC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Identify and explain the legal and regulatory frameworks governing companies in Jamaica. Provide examples of compliance and non-compliance cases, assessing their outcomes. Suggest best practices for ensuring compliance.arrow_forwardwhat measures can be implemented to track employees use of resources at the workplace?arrow_forwardwhat are somes measures that can be put into place to curb late arrivals in the workplace?arrow_forward
- You are the Manager of a cleaning company which employs around 60 people, with an age range of 20 and 50 years old. The company sends crews to various establishments to provide cleaning services. Recently, you have been receiving frequent complaints from clients about the late arrival of cleaning crew members. In addition, you have noticed that there has been an unjustified increase in the use of cleaning supplies. As a result, as of a given date, you are implementing measures to curb late arrivals to job sites and a system to track employees' use of resources. You have to convey all relevant details of these two changes to the staff via email create the message you would send to the employees. Be sure to include all relevant details of the situation and use the correct format for your message. The purpose of your message must be clear. Your response should not exceed 120 words.arrow_forwardElaborate on the data shared between different levels of the organisationarrow_forwardImpact of Decision Making Style- Consider your decision-making style. To what extent do you think your decision-making style had an impact on the biases (or lack thereof) you exhibited?arrow_forward
- Please original work Background information: There are four primary phases that this process goes through: Information phase: Define the problem Speculation phase: Generate ideas that could work Evaluation and analysis phase: Analyze the ideas based on cost, feasibility, and goal attainment potential Evaluation and analysis phase: Analyze the ideas based on cost, feasibility, and goal attainment potential Background information: Director of Innovation and Business Opportunities you have identified a potential acquisition for your Consulting Management firm. Compose a report that will be given to your CEO evaluating this candidate based on the four phases identified above. Identify the type of business you are recommending, i.e. the industry(s) it operates in. (Types of business: Cloud Computing & IT Infrastructure) Describe the types of information that would be required at each phase for the type of business you are pursuing. Describe any potential red flags that there might be…arrow_forwardPlease original work Background information: Mergers and acquisitions are inherently risky. No matter how much due diligence you do, it is still possible to miss critical success factors that might lead to the failure of the proposed merger or acquisition.find a merger/acquisition that has produced less than satisfactory results (Sprint and Nextel). Report on the organizations involved and talk about the nature of the merger or acquisition and the resulting failure or near failure of the transaction. Were there obvious red flags that were missed? What would you have done differently? Please cite in text references and add weblinksarrow_forwardPlease original work Talk about the critical steps that must be taken in order to effectively cascade the balanced scorecard. Provide a real-life example of an organization that has done this effectively (H-E-B grocery store or Walmart), or alternatively, provide a real-life example of an organization that attempted to cascade a balanced scorecard but did not have a good result. Why. Please cite in text references and add weblinksarrow_forward
- Please original work What does “influencing” mean to you? Talk about how a leader can effectively influence and include all employees in the balances scorecard development process. What is one specific way your current supervisor or a previous supervisor has included you in high-level strategic discussions? What were the results? Please cite in text references and add weblinksarrow_forwardDubai man-made islands should reflect your analysis, synthesis, and evaluation of the case.arrow_forwardDubai man-made island projects Should the risk events have been identified in the beginning by practicing sound quality control? Explain why or why not with details.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning- MarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing