To determine:
What Ali Sloan should do and what you would do if you were in her place.
Case Summary:
Ken Bodine, the sales manager and the skills of the young sales staff he had hired were responsible for the rapid growth of Pace Technologies. Bodine had hired his top grads staff from two major business schools in the area. Apart from the top salaries offered by Pace, these top grads employees were attracted by the Bodine's positivity, reflected through his energy level, creative and innovative thinking and his positive and confident attitude towards work. Pace's sales force consistently stunned the competition outside with their efficient and high level performance.
Interpretation:
Ali would also be supporting the unethical practices if he remains silent in spite of knowing the unethical practices going on in Pace technologies.
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Chapter 4 Solutions
Understanding Management (MindTap Course List)
- Explain the goal of shareholder wealth maximization, and whether this goal is a short-term goal or a long-term goal. Identify the conflict between the goal of shareholder wealth maximization and other stakeholder concerns (sometimes referred to as environmental, social, and governance (ESG) concerns). Cite one real-world example of a company that reflects other stakeholder concerns in its mission statement or stated corporate values. Explain, for your chosen real-world example, how the company’s incorporation of stakeholder concerns could enhance (or detract from) the company’s shareholder wealth maximization goal. Construct one question related to shareholder wealth maximization goals.arrow_forwardYou and three of your close friends have discussed plans to open a pizza restaurant with a delivery service. You intend to attract to your business young professionals who live and work near the downtown area and who are healthy and fitness-minded. You and your co-owners agree that each will invest equally in terms of time and money. However, in addition to contributions and "sweat-equity" made by each of you, another $400,000 is essential for the restaurant to succeed. 1. What type of organization is best suited for this business activity? 2. What steps would you take to manage the restaurant during times that you and your co-owners are not present? 3. What liabilities do you and your co-owners face?arrow_forwardA vision is not the responsibility of the CIO. It is the responsibility of the CEO or the top management of the team. Do you agree or disagree? Why or why not? Make sure to support your positionarrow_forward
- Your company has just acquired FastFeet, a business that produces the best prosthetic feet on the market. They have been in business for 25 years, and have a very strong reputation for quality, engineering and customer service. The former owners of the business are very likable people, and the corporate culture reflects that – the people are loyal to them, and were willing to work very hard for them. Now that your company has taken over, the culture has become dysfunctional. You have been tasked with helping the employees of FastFeet become part of the parent company’s culture. They are resisting the change, and the production rate and quality have been slipping. You have whatever resources you need to help them overcome their resistance. What strategy are you going to use, and what are the elements of that strategy – and why?arrow_forwardWhy do people choose to be entrepreneurs ? A. The challenge, they hate working for other people, they see no other choice. B. They want to be their own boss, they don't want to pay taxes to the Government and they like the flexibility of working for themselves. C. The challenge, profit potential, personal satisfaction, and conventional paths to success are blocked. D. None of the above.arrow_forward1. Could writing a conventional business plan ever cause more harm than good? Explain your answer?2. If you wanted some assistance in setting up and running a new business, you might look at business incubators as a solution. What kind of assistance would you consider the most valuable?3. Given the risks involved in starting any company, should an aspiring entrepreneur investigate all possible failure scenarios and develop action plans to avoid these potential outcomes? Explain your answer.4. How do autocratic, democratic, and laissez-faire leadership styles differ?5. Ethical considerations. Apart from meeting the company’s future talent needs, do managers have a personal ethical obligation to help their employees develop and advance in their careers? Explain your answer.6. What are the advantages and disadvantages of the unstructured organizational model?7. Suppose you are the marketing manager of the credit-card department of a financial institution. Your objective is to support the…arrow_forward
- How does business management changes your perspective of business? How has it shaped your ability to lead in the future? Where does your inspiration come from? What are your core values? What are your future goals and how can you use the knowledge gained from business management to reach your full potential?arrow_forwardThe fact that Sunny Delight, a very small company, has acquired so many different types of analytics tools probably comes as a surprise to you. What effects may the several ownership transitions at Sunny Delight have had on the company's use of business intelligence (BI) tools?- What are the costs and benefits of switching to an enterprise-level analytics system, especially for end users who have become used to dealing with their own customized solutions for producing data?arrow_forwardYou and a partner plan to start a business. You want to schedule a time to sit down together and develop a business plan. Your partner says, “What’s the point? We both know what we want to do, so I think we can skip the formal plan.” How would you explain the importance of developing an organizing a business plan to your partner? And how would you convey the significance of a vision, a mission statement, and goal-setting as it relates to your business plan?arrow_forward
- An MBA degree can open many doors in the corporate world. However, it is not a magic key that unlocks all of the corporate boardroom doors. Other than having an MBA degree, what else should prospect executives have to offer in order to be considered qualified and desired by organizations?arrow_forwardDescribe the difference between strong-tie and weak-tie relationships. Is it more likely that an entrepreneur will get new ideas through strong-tie or weak-tie relationships? Why? Give an example of a strong-tie and a weak-tie.arrow_forwardStory: Larry wanted Michael to take over the firm so that Larry could focus on his favorite part of the business, which was redesigning the car and inventing new products. Michael agreed to help his father, and had visions of making the company a self-managed organization where workers had as much control as possible. Michael knew that he and his father had different visions for how Westward should be managed. Larry was an entrepreneur who liked to invent things, but he did not like paperwork. He was always tinkering with the car, improving it because he enjoyed responding to customer feedback. For him, the best way to grow Westward was by improving the design of its product. It was his company, his car, and he called the shots. There were few written policies, and a very limited paper trail. Inventory and parts were especially problematic, and often the assembly line had to wait for a rush-order of missing parts. Westward’s employees were happy that the firm was going to be managed…arrow_forward
- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub