Concept explainers
Create a Group
Step 1 Form into groups of three to five students. Each group will assume that another student group has been given an assignment of writing a major paper that will involve research by individual group members that will be integrated into the final paper. Each group member has to do his or her part.
Step 2 Your assignment is to develop a list of rules and identify some statistics by which to control the behavior of members in that group. Brainstorm and discuss potential rules to govern member behavior and consequences for breaking those rules.
Step 3. first, select the five rules that you think are most important for governing group member behavior. Consider the following situations that rules might cover: arriving late for a meeting; missing a meeting; failing to complete a work assignment; disagreements about desired quality of work; how to resolve conflicts about paper content; differences in participation, such as one person doing all the talking and someone else talking hardly at all; how to handle meetings that Start late; the use of an agenda and handling deviations from the agenda; and any other situation that your group thinks a rule should cover that your group thinks a rule should cover.

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Chapter 15 Solutions
UNDERSTANDING MANAGEMENT-MINDTAP
- Differentiate between entrepreneur and a manager using relevant examples from Eco Bricks BWarrow_forwardIdentify and explain at least three factors that influence how entrepreneurship and the role of an entrepreneur are defined in a society.use thabos experience in Botswana as an examplearrow_forwardEvaluate the criteria that Thabo should consider when choosing the most suitable financing option ?arrow_forward
- Thabo Motsumi, a young entrepreneur from Maun, Botswana, noticed a rising problem of plastic waste in his community. Inspired by the idea of sustainable development, he launched Eco-Bricks BW, a small business that converts plastic waste into durable building bricks. Despite operating with limited resources, Thabo managed to partner with local schools, employ youth, and sell the eco-bricks to local contractors. His product is gaining attention for being both affordable and environmentally friendly. However, Thabo faces challenges such as limited financing, lack of advanced equipment, and the need for innovative strategies to grow. Question 1 i. Explain how Thabo recognized an entrepreneurial opportunity in his community. What steps did he likely take to identify and evaluate this opportunity? (15 marks)arrow_forwardDistinguish between kings 11 and kings 111 reports on corporate governancearrow_forwardQUESTION 2 Read the following scenario carefully and then answer the question below: Gorata Mbaiwa, the former Chief Executive Officer of Okavango (Ltd), has succeeded the retiring chairman of the company's board of directors. Shareholders have contended that this succession contravenes established best practices in corporate governance. Additionally, some individuals have expressed a lack of understanding regarding the concerns raised by shareholders. Required: Given the context of Gorata Mbaiwa's appointment as Chairman of Okavango (Ltd) after serving as CEO, analyse five potential violations of corporate governance principles that would reasonably lead to shareholder concern. (25 marks)arrow_forward
- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College PubUnderstanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage Learning

