Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 15.2, Problem 1DQ
Why might it be a bad decision to hire someone for a key startup role based only on the fact that the person is close family or a friend? What are the potential tradeoffs to the business?
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Please original work
Talk about your current organization’s greatest needs for creating a balanced scorecard for management consulting firm, and steps you would take to design the balance scorecard.
Please cite in text references and add weblinks.
Please original work
How do you think organizations can effectively balance short-term resource constraints with the need for long-term investments in areas like technology and employee development, especially when both are critical to achieving strategic goals?
Please cite in text references and add weblinks
Importanc of the process Tuckman's model”(Forming, Storming, Norming, Performing, and Adjourning)
Chapter 15 Solutions
Principles of Management
Ch. 15.1 - What is the definition of a team?Ch. 15.1 - Name some practices that can make a team more...Ch. 15.2 - Why might it be a bad decision to hire someone for...Ch. 15.2 - What does it mean for the three Rs to be in...Ch. 15.2 - What are the four stages of team development?Ch. 15.2 - What can cause a team to regress in its...Ch. 15.3 - Do you agree with the statement that what got you...Ch. 15.3 - Who would be on your stakeholder checklist? Which...Ch. 15.3 - Discuss the paradox(es) of a team.Ch. 15.3 - How can a leader manage team boundaries?
Ch. 15.4 - What are some techniques to make conflict more...Ch. 15.4 - What are some destructive responses to conflict?Ch. 15.5 - Why do diverse teams focus more on data than...Ch. 15.5 - How are diversity and innovation related?Ch. 15.6 - What are some multicultural experiences that youve...Ch. 15.6 - Has economic globalization helped people to bridge...Ch. 15.6 - What are some of the challenges of a multicultural...Ch. 15.6 - Explain the cultural intelligence techniques of...Ch. 15 - What are the key differences between a team and a...Ch. 15 - At what stage of team development does the team...Ch. 15 - What can cause a team to digress to an earlier...Ch. 15 - What can a team leader do to manage the teams...Ch. 15 - How does managing conflict help a team learn and...Ch. 15 - What are some strategies to make conflict more...Ch. 15 - Why are diverse teams better at decision-making...Ch. 15 - Why do diverse teams utilize data more often than...Ch. 15 - What are some of the challenges that multicultural...Ch. 15 - What are the key sources of cultural intelligence?Ch. 15 - If you dont have a diverse group of people on your...Ch. 15 - Evaluate your own team at work. Is it a diverse...
Additional Business Textbook Solutions
Find more solutions based on key concepts
(Record inventory transactions in the periodic system) Wexton Technologies began the year with inventory of 560...
Financial Accounting (12th Edition) (What's New in Accounting)
S6-2 Determining inventory costing methods
Ward Hard ware does not expect costs to change dramatically and want...
Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card)
The net present value and internal rate of return Introduction: NPV and IRR help to make capital-budget decisio...
Corporate Finance (4th Edition) (Pearson Series in Finance) - Standalone book
Questions For Review
12-4. How is the concept of the value package useful in marketing to consumers and industr...
Business Essentials (12th Edition) (What's New in Intro to Business)
E6-14 Using accounting vocabulary
Learning Objective 1, 2
Match the accounting terms with the corresponding d...
Horngren's Accounting (12th Edition)
The major benefits of the debt financing and its effect on the company’s cost of debt. Introduction: The capita...
Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
Knowledge Booster
Similar questions
- Review the article: Defining the Motivations and Capabilitied of Young Intrapreneurs: Literature Review and Research Opportunities 1. Discuss the differences and similarities of Entrepreneurship and Intrapreneurship. 2. How might your current organization or a former organization that you have been a member of incorporate the elements of Intrapreneurship? 3. Discuss the future of Intrapreneurship List referencesarrow_forwardRoles for Human Resource Departments Analyze HRM functions. Describe and detail each one of these functions. Why are the specific roles associated to HRM important? List referencesarrow_forwardEmployees and Entrepreneurs share many skills, mindsets and values. Even if you are employed by an organization, you may have an entrepreneurial mindset and entrepreneurial traits. How do you envision yourself within an organization, as an employee rather tahan an entrepreneur? Discuss the traits and values that support this?arrow_forward
- Please original work Talk about your need for creating a balanced scorecard in a management consulting firm and the steps you would take to design the balance scorecard. Please cite in text resources and weblinksarrow_forwardThink of a team in which you have participated in a professional setting (the number of individuals should be more than one person and includes you. Also, the team could have been virtual, collocated, or a mixture of virtual and collocated). Think back on how the team formed from the first day until the end of the project or when the work function was completed. Describe what took place. Do you feel your team followed any part of Tuckman's model? Consider what was discussed regarding high-performing teams in the lesson this week in the Team Performance Domain section. It was explained that high-performing project teams are characterized by different factors. Based on the factors listed about high-performance teams, which two factors do you feel your team could have improved upon and why?arrow_forwardPlease original work Background information: Innovation can be simply defined as the introduction of something new or different in the workplace. Creativity on the other hand could be described as the use of the imagination for original ideas. Talk about the difference between innovation and creativity in the workplace and the role that technology plays in fostering both innovation and creativity Please cite in text resources and add weblinksarrow_forward
- In procurement evolution, which statement below should i choose to be themost relevant to ‘limited integration phaseSupply management is often viewed as a lower-level support function.It is the final and most advanced phase of procurement evolution.Supply managers' primary role is to ensure enough supply capacity exists.Supply management is a key part of the organisational structure with a strongexternal customer focus.arrow_forwardWhich of the following stages of P2P process is believed most critical for the spendperformance of procurement?Supplier evaluation and selection stagePayment and settlement stageRecognition of needs stageClarification of needs stagearrow_forwardWhich of the following statements is most accurate in describing ‘preferredsuppliers’?A preferred supplier involves a lower-level risk but still has a significant spend with thebuyer.They will be asked to compete with other suppliers for better price and conditions.They refer the strategic partners of the company.They are the core suppliersarrow_forward
- The primary purpose of this coordination is to establish company-wide agreementsto leverage volumes to obtain lower costs from volume discounts.” Which phase ofprocurement evolution is more relevant to the statement?Phase 1 Basic beginningPhase 2 Moderate developmentPhase 4 Fully integrated supply chainPhase 3 Limited integrationarrow_forwardAmong the phases of procurement evolution, the phase that ‘focuses on supplybaseoptimisation, and more attention is paid to total quality management (TQM) than toother progressive supply management strategies’ is more relevant to ___________.Phase 1 Basic beginningPhase 3 Limited integrationPhase 4 Fully integrated supply chainPhase 2 Moderate developmentarrow_forwardWhich of the following description methods is most suitable if the requirements arewell understood and there is common agreement between supply chain partners aboutwhat certain terms mean?Description by specificationDescription by brandDescription by industry standardDescription by performance characteristicsarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Understanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage Learning
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage LearningMarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
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