EBK MANAGEMENT
12th Edition
ISBN: 8220100546563
Author: DAFT
Publisher: YUZU
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Question
Chapter 6, Problem 3ED
Summary Introduction
Case summary:
Chuck is a newly recruited CEO of a startup. He makes a presentation to the investor and they commit verbally to provide $16 million funding, impressed by the numbers in the presentation. However Chuck is informed by his Betty that the numbers are exaggerated. From his further research on this, he understood that she was correct and there was remote possibility of achieving the numbers projected. But the renewal income figure which impressed the clients most was totally incorrect. Chuck is in a dilemma how to proceed further.
Characters in the case:
Chuck Campbell, Betty Mars, investors, a member of the management team are the characters mentioned in this case.
Adequate information:
Chuck is a newly recruited CEO of the startup. The investors had verbally committed to $16 million funding impressed by the renewal income.
To determine:
If Chuck should take necessary immediate actions to notify the investors of the truth regarding the false numbers and the current situation. Also to determine if Chuck should get rid of the people who lie to get the deal.
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Chapter 6 Solutions
EBK MANAGEMENT
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