M: MANAGEMENT
6th Edition
ISBN: 9781260923346
Author: BATEMAN
Publisher: McGraw Hil
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Chapter 11, Problem 3LO
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To discuss: The key belief that affects the motivation of employees.
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Discuss how partneships and collaboration contributed to Savannah Organics growth and sustainability
Thailand's rice industry, which accounts for about a quarter of the world's global trade of rice, is facing a climate crisis due to frequent extreme weather events. The intensity and inconsistency of rain in 2021 has compromised the production of Thailand's most important crop, causing market turbulence, food security concerns, and leaving millions of Thai households facing economic difficulties. The industry is highly vulnerable to climate change, with Thailand ranking ninth in the world on the Global Climate Risk Index. Timing is crucial in rice growing, but the current climate conditions are making it futile. Climate change is expected to exacerbate inequalities, with rice production potentially increasing in irrigated areas while being stunted in rainfed regions. By mid-century, Thailand could expect a more than 10% decline in its overall rice yield, affecting regional food stability.
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Evaluate the role of government and institutiinal support in fostering entrepreneurship in this case
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- Classy Furniture Limited is looking to expand its operations due to increased demand and a partnership with HNI Corporation. The company decided to stay at its current location and expand the existing facility instead of relocating. This decision was made after discussions highlighted the costs and potential disruptions associated with moving. The expansion plan includes adding production capacity, installing modern equipment, and improving the working environment with air - conditioning and a dust - free paint shop. The project is budgeted at a maximum of $ 20 million and is expected to be completed in 18 months. However, the project team is currently facing challenges in managing key areas such as quality, human resources, communications, procurements, and stakeholder engagement. Additionally, the changes may impact scope, cost, time, and risk management, requiring careful planning and execution to ensure the project's success. Suggest the changes that should be made to the project…arrow_forwardd. Reflect on the impact of infrastructure on entrepreneurial ventures like Savannah Organics. What improvements could help reduce barriers? (3 marks) e. How important was Thato's ability to innovate and adapt in overcoming environmental challenges? Provide examples from the case to support your answer. (3 marks)arrow_forwardaccreditation. Thato had to work with international bodies, adding complexity and expense to her operations. Despite these challenges, Thato capitalized on the strengths of the entrepreneurial environment. She formed partnerships with local agricultural cooperatives and NGOs, enabling her to access shared resources, knowledge, and training programs. She also collaborated with the government to participate in a public-private initiative promoting sustainable farming, which provided her with a modest grant. Thato leveraged digital platforms to connect directly with customers, eliminating intermediaries and offering competitive pricing. Her ability to innovate and adapt proved critical in sustaining her business, even during economic disruptions caused by the COVID-19 pandemic. By the end of 2023, Savannah Organics had expanded its operations to 15 hectares, supplying produce to supermarkets across the country and partnering with health-focused restaurants. Thato's journey highlights both…arrow_forward
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