EBK MANAGEMENT, LOOSE-LEAF VERSION
13th Edition
ISBN: 8220103768115
Author: DAFT
Publisher: YUZU
expand_more
expand_more
format_list_bulleted
Question
Chapter 6, Problem 2EE
Summary Introduction
To determine:
My characteristic to see if I tend to go to the extent of sacrificing my sleep for a project that I am interested in.
Introduction:
Entrepreneur − A person who is able to recognize that a potential idea which could be converted into a service or a new product altogether and takes the necessary steps for that.
Characteristic refers to a person's quality while behavior refers to how one conducts oneself in any given scenario or situation.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Reaction to discussion below.
Do you agree or disagree?
Any additional thoughts?
It is important to understand that for a business to succeed, being motivated and hardworking does not guarantee a good positive outcome for the company. There are other key factors that have to be in place in order to put the company on a path for success. These factors include effective planning and decision-making with a systematic approach that considers the available information, the goals and objectives of the organization, and the potential outcomes of different decisions.
One of the companies I admire the most today is Apple. I because of how it started and all the changes they had to go through to become the company they are today. Apple is well-known for its innovations in hardware, software, and services. Thanks to them, it grew from some 8,000 employees and $7 billion in revenue in 1997, the year Steve Jobs returned, to 137,000 employees and $260 billion in revenue in 2019. Much less well…
answer the following questions in essay format with no less than 1100 words. Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc.…
Tony is a whiz in the kitchen. Not only does he make great food but he has invented about
a dozen time-saving kitchen gadgets along the way. These are all home-made inventions
made either by using new materials or by modifying existing gadgets to work in new, better
ways. He has made duplicate gadgets for friends and some say they use the gadget every
day. Tony quit his construction job to concentrate on his kitchen gadgets-he started his
own company, Kitchen Helpers.
When deciding on your target customer, try to minimize
customers is usually more valuable than trying to find and attract new ones.
churn
pivot
because keeping existing
segmentation
inseparability
Chapter 6 Solutions
EBK MANAGEMENT, LOOSE-LEAF VERSION
Ch. 6 - Prob. 1OTJVCCh. 6 - Prob. 2OTJVCCh. 6 - Prob. 3OTJVCCh. 6 - Prob. 1DQCh. 6 - Prob. 2DQCh. 6 - Prob. 3DQCh. 6 - Prob. 4DQCh. 6 - Prob. 5DQCh. 6 - Prob. 6DQCh. 6 - Prob. 7DQ
Ch. 6 - Prob. 8DQCh. 6 - Prob. 9DQCh. 6 - Prob. 10DQCh. 6 - Prob. 1EECh. 6 - Prob. 2EECh. 6 - Prob. 3EECh. 6 - Prob. 4EECh. 6 - Prob. 5EECh. 6 - Prob. 6EECh. 6 - Prob. 7EECh. 6 - Prob. 8EECh. 6 - Prob. 9EECh. 6 - Prob. 10EECh. 6 - Prob. 11EECh. 6 - Prob. 12EECh. 6 - Prob. 13EECh. 6 - Prob. 14EECh. 6 - Prob. 15EECh. 6 - Prob. 1SGBCh. 6 - Prob. 1EDCh. 6 - Prob. 2EDCh. 6 - Prob. 3EDCh. 6 - Prob. 1CFCACh. 6 - Prob. 2CFCACh. 6 - Prob. 3CFCA
Knowledge Booster
Similar questions
- Brenda recently started a new job wherein she is responsible for supporting the implementation of a leadership development program. Brenda is eager to help her company and is excited at the opportunity to improve her company's performance. Brenda requests a meeting with her boss to go over the goals and objectives that she is to achieve over the next year. Brenda's boss replies to her questions with "your goal is to make it happen." Brenda leaves the meeting feeling uncertain and overwhelmed about what exactly she is to accomplish. According to the goal-setting theory what should Brenda's boss have done to ensure she stays motivated? a. ask Brenda why she is eager and excited to support the initiative b. provide Brenda with the company's safety climate survey results so she can identify the problems c. introduce Brenda to a mentor within the organization to ensure she can set organization-specific goals d. provide Brenda with more specific goals about what she is to achievearrow_forwardPrompt: All entrepreneurs have the ability to do good with their organizations and bring honor and glory to the Lord. A Christian entrepreneur should see opportunities where they can do good with the organization they have designed and use it for good.Doing all of this in a joyful and winsome way brings honor to the Lord (Hebrews 13:15-17). We are also called to be salt and light no matter what we are doing as believers. Therefore, when we run our organizations, we are to run them in a way that glorifies the Lord. We should be salt and light in all of our business interactions and how we operate our business (Matthew 5:13-16). How does doing good with yourorganization and being salt and light tie into our discussion related to providing quality service during those moments of truth with our clients? What can the verses in Hebrews, Matthew, or any other verses you can find teach us about providing good quality and our interactions with customers?arrow_forwardThere is no such thing as a “one-size-fits-all management theory”. What may work for one organization may not be relevant for another. Therefore, when one theory does not fit a particular situation, it is important to explore the option of developing a new theory that would lead in a new, more applicable direction. While some theories can stand the test of time, other theories may grow to be irrelevant and new theories will develop in their place. EXPLAIN.arrow_forward
- It’s a great feeling to be sought for your opinion and participation when your organization needs to make an important decision. But what happens when the organization’s managers don’t listen? Management consultant Liz Ryan perhaps put it best: “When you work for a company that is not interested in your opinion, you can tell. They make it obvious. Once you know in your gut that your boss is not interested in your opinion, what other choice do you have than to find another job?” Some suggest that these bosses perhaps should be let go. Given that bad members can lower employee satisfaction and engagement, supervisors who exercise this form of control often emphasize politics over productivity and abuse their power, while employees complain because of the lack of support they are getting. They are “thrown under the bus” and forced out of the loop, and communication is all one way. Giving employees a chance to voice their opinions as part of the process leads to improved justice…arrow_forwardIt’s a great feeling to be sought for your opinion and participation when your organization needs to make an important decision. But what happens when the organization’s managers don’t listen? Management consultant Liz Ryan perhaps put it best: “When you work for a company that is not interested in your opinion, you can tell. They make it obvious. Once you know in your gut that your boss is not interested in your opinion, what other choice do you have than to find another job?” Some suggest that these bosses perhaps should be let go. Given that bad members can lower employee satisfaction and engagement, supervisors who exercise this form of control often emphasize politics over productivity and abuse their power, while employees complain because of the lack of support they are getting. They are “thrown under the bus” and forced out of the loop, and communication is all one way. Giving employees a chance to voice their opinions as part of the process leads to improved justice…arrow_forwardDon't use Ai. Answer in step by step with explanation.arrow_forward
- Please help answer this question: use your good and your business common sense, what would you do ? You have just been promoted the general manager of the Grand Floridian hotel at Walt Disney World. Part 1: How will you spend your first 30 days? Part 2: What are 2 things you should not do in the first 30 days? Part 3. If you were a company CEO, how would you promote creativity and innovation in your organization?arrow_forwardAtomic Habits offers a framework for improving every day. Chapters 4–7 focus on the 1st Law – Make It Obvious. Instructions Read Chapters 4, 5, 6, and 7 of Atomic Habits. Assume that you work for Amazon as your publicly-traded BIA project. Write a persuasive email to your supervising manager summarizing what you learned from your reading and how it would benefit the company to train employees on what you read in chapters 4–7. Your email must be persuasive and should include responses to the following questions: In your opinion, what were the three most valuable principles taught in these chapters? Why? How will training employees on these chapters help them personally and professionally? How will training employees on these chapters benefit the company as a whole?arrow_forwardBusiness plan is a tool that can be used in a number of ways. Discuss the way you think a business plan would be useful to you. (i.e.:What can you do with your business plan? How long do you think it will take to develop it completely? Who will be the intended audience? Etc.)arrow_forward
- Case Scenario As a recent pharmacy graduate, you have been working at a high-volume, large-chain community pharmacy for a short period of time. The current pharmacy manager is being transferred, and you are being considered for promotion. Develop a business / personnel plan that demonstrates your insight and understanding of the business as a potential manager and substantially supports your candidacy for this vacated position.arrow_forwardFrom the following management styles (e.g., Task Vs. People-Centered Style, Participatory, Directing, or Teamwork Styles, Autocratic, Participative, and Free-reign styles, etc.). What combinations of management styles might you use in the below situations and why? You are considering a major change in the way your company does business. Your staff has an excellent record of achieving goals, and your relationship with them is trusting and supportive.arrow_forwardmagine that you have just accepted a leadership position with a medical imaging equipment company. The organization's financial performance has been worsening and its market share slipping, which is why the company hired you to come in and make some changes. You have been given the authority to do whatever you need to do to improve the company's performance. After collecting a lot of information and speaking with a wide variety of employees, you have determined that the biggest cause of the company's underperformance is that its culture is too complex and consensus-oriented, which makes decision making too slow. The first thing you decide to do is to change the culture. What type of culture do you want to adopt? How will you change the culture? What will you do to reinforce the changes you suggest (e.g., staffing, rewards, performance feedback)?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub