Bundle: The Leadership Experience, Loose-Leaf Version, 7th + MindTap Management, 1 term (6 months) Printed Access Card
Bundle: The Leadership Experience, Loose-Leaf Version, 7th + MindTap Management, 1 term (6 months) Printed Access Card
7th Edition
ISBN: 9781337370004
Author: DAFT, Richard L.
Publisher: South-Western College Pub
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FAMILY BUSINESS DYNAMICS Thomas Sages looked stern and preoccupied upon his return from the funeral of his friend David’s wife, Laura. When David died a few years earlier, the shock was great for Thomas, and this new loss revived the wound. David had been Thomas’ closest friend since they were young; he also was his business associate – contributing 10% of the business equity when Thomas started the expansion of his supermarket chain. And the ties were further strengthened when David and Laura’s son married Thomas’ daughter. As Thomas’ thoughts wandered, he found himself thinking about the future of the business he had so successfully built. Two of his children worked in the business, and he felt rather comfortable with their ability to lead it forward – even though he had occasional disagreements with them about new developments. His concern, revived by the funeral, was more about the transfer of his ownership stake. He had written a will many years ago, and he thought that he should…
As an Intern, you will be joining a community of business leaders. What does that mean to you and how will you contribute to that community?
Six years ago, when Robert joined ABC Enterprise as a junior accountant, he felt that he was on his way up. He had just graduated with an average of A grade from college, where he was well liked by his peers and by the faculty and had been an officer in several student organisations. Robert had shown a natural ability to get along with people as well as to get things done. He remembered what Sam, the controller at ABC Enterprise, had told him when he was hired: “I think you will do well here, Robert. You’ve come highly recommended. You are the kind of guy that can expect to move right on up the ladder.” Robert felt that he had done a good job at ABC Enterprise, and everybody seemed to like him. Also, his performance appraisals had been excellent. However, after five years he was still a junior accountant. He had applied for two senior accountant positions that had been opened, but they were both filled by people hired from outside the firm. When the accounting supervisor’s job came…
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