Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 3, Problem 9CRQ
What does open systems say about management?
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1. Give one new distribution channels for Virtual Assistance (freelance business) that is not commonly used.
- show a chart/diagram to illustrate the flow of the distribution channels.
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- define the target audience: (Age, gender, location, interests, etc.).
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Better Battery Co. is a manufacturer of batteries. Nickel is an essential component of a battery. In recent years, price of nickel has escalated, causing nickel cathodes prices to rise. To mitigate ever-rising nickel (and cathode) costs, the Cross-Functional Team (CFT) at Better Battery has developed a new battery type which requires a lower nickel content in the cathode.
The development and investment costs needed to produce this new battery is estimated at $3,500,000. Total costs of each battery is calculated at $50 based on current nickel prices. The CFT expects each battery to sell for $120 per piece, based on available market research.
You have been tasked to show the commercial feasibility of this new battery to the management. What is the breakeven point of this new battery, before it can be a profitable venture?
The senior management has reviewed the presentation of this new battery proposal. Since it is a multi-year project, you are tasked to analyse the underlying costing and…
Chapter 3 Solutions
Principles of Management
Ch. 3.1 - What were the contributions of the following...Ch. 3.2 - What was the Italian Renaissance?Ch. 3.2 - What managerial legacy did it leave?Ch. 3.3 - Why was Adam Smiths specialization of labor so...Ch. 3.3 - What was the economic and managerial legacy of the...Ch. 3.4 - List the contributions from Taylor and his...Ch. 3.4 - How did Taylor change management?Ch. 3.5 - What were the contributions of Fayol and Weber?Ch. 3.5 - How did their work compare to Taylors?Ch. 3.5 - What is the idea of line of authority and...
Ch. 3.6 - What did the Hawthorne studies, Barnard, and Fayol...Ch. 3.6 - What did the works of Follett and Mayo contribute...Ch. 3.7 - What is the going contribution of systems and...Ch. 3.7 - What is the idea of evidence-based management?Ch. 3 - What contributions did ancient civilizations make...Ch. 3 - Describe the role of the Renaissance in shaping...Ch. 3 - How did the Industrial Revolution change business...Ch. 3 - Describe scientific management. How was scientific...Ch. 3 - Who were the key contributors to scientific...Ch. 3 - Describe the Hawthorne studies. Was Elton Mayo a...Ch. 3 - What is the zone of indifference?Ch. 3 - Describe Folletts concept of conflict resolution.Ch. 3 - What does open systems say about management?Ch. 3 - What is contingency management?
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