Business Essentials (11th Edition)
11th Edition
ISBN: 9780134129969
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 9, Problem 9.20EE
Summary Introduction
Summary:
Person X is the CFO for Company AN. He has been asked to develop a budget for the long-term production of nutritional supplements and expanding into the international market. The CEO of the Company is Person JJ who has come up with a new option. Person X is concerned stating that it is a risky move for the employees.
To explain: The ethical issues in this situation.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
John is CFO at a venture - backed tech startup with revenues of $20 million and approximately 80 employees. He's
worked at the company for several years, and now reports to Ralph, the company's newly hired CEO. The company had
been doing really well, but recently big customers have been placing fewer orders and Ralph is feeling pressure to show
growth. This pressure is amplified because the company is venture - backed, and the investors expect results. While the
company did well in the first round of funding, if they don't perform now, they may have trouble with gaining sufficient
funding in the second round, which could mean the end of the company. All of this was on John's mind when Ralph
came to him about recording a major order that was still under negotiation. The deal had not gone through, although
both parties expected to complete the deal in the next week. With the current quarter ending in the next few days,
including this order would give a significant boost to the company's…
Becoming an effective leader and business professional requires you to develop a number of skills throughout your career. In this program, you will consider many different business skills—some tangible, and some intangible. And some of those intangible skills, when put into practice, can result in new opportunities for growth and development for yourself, for the organizations where you work, and for others within and outside of your personal and professional community.
Simply put, personal vision goes far beyond traditional goals and objectives. With this definition in mind, respond to the following: the role of personal mastery in your leadership development.
Define and present your own personal vision.
Briefly relate your personal vision to your ability to become an agent of change within your organization, your family, or your community.
Robin, founder and CEO of Greenwash.com, is a person who exudes energy, enthusiasm, and drive. He's fun-loving but has pursued his vision for Greenwash.com with serious intensity and has demonstrated an ability to inspire his employees through the ups and downs of a rapidly growing company. Robin is what the employees call a charismatic leader that is, an enthusiastic, self-confident leader whose personality and actions influence people to behave in certain ways.
You are required to analyse the charismatic leadership using the theories and examples as much as you can.
Chapter 9 Solutions
Business Essentials (11th Edition)
Ch. 9 - Prob. 9.1QRCh. 9 - Prob. 9.2QRCh. 9 - Prob. 9.3QRCh. 9 - Prob. 9.4QRCh. 9 - Prob. 9.5QACh. 9 - Prob. 9.6QACh. 9 - Prob. 9.7QACh. 9 - Prob. 9.8QACh. 9 - Prob. 9.9AECh. 9 - Prob. 9.10AE
Ch. 9 - Prob. 9.11ACh. 9 - Prob. 9.12ACh. 9 - Prob. 9.13ACh. 9 - Prob. 9.14ACh. 9 - Prob. 9.15ACh. 9 - Prob. 9.16TECh. 9 - Prob. 9.17TECh. 9 - Prob. 9.18TECh. 9 - Prob. 9.19TECh. 9 - Prob. 9.20EECh. 9 - Prob. 9.21EECh. 9 - Prob. 9.22EECh. 9 - Prob. 9.23CCh. 9 - Prob. 9.24CCh. 9 - Prob. 9.25CCh. 9 - Prob. 9.26CCh. 9 - Prob. 9.27CCh. 9 - Prob. 9.28CCh. 9 - Prob. 9.29CCh. 9 - Prob. 9.30CCh. 9 - Prob. 9.31CCh. 9 - Prob. 9.32C
Knowledge Booster
Similar questions
- Can you answer it in a short answer? please John was thrilled when, after completing his MPA degree, he was hired to work as a management analyst in the state office of management and budget. During his first year on the job, John impressed his supervisor and coworkers with his excellent analytical and writing skills. Even though his time on the job was short, he had proved himself to be an intelligent, hard-working, and reliable employee. At his 1-year performance review, he received an "excellent" overall rating. Shortly after his 1-year anniversary on the job, a new governor was sworn into office. She had many innovative ideas and changes that she wanted implemented to improve the efficiency and effectiveness of state govern- ment. One of the vehicles she instituted to achieve these changes was the introduction of a statewide "management by objectives" (MBO) program to be administered out of John's office. Although John was relatively inexperi- enced, the unit director believed that…arrow_forwardFor this assignment, you are asked to reflect on your experience collecting information and writing up your Literature Review for your research study. Research Topic: Factors influencing an employees decision to leave their current employment in the banking industry? You are to follow Gibb’s Reflective Cycle as your guide in laying out your reflection.arrow_forwardExplain 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_forward
- What personal characteristics and values will Jack need to continue running his business while also attending school full-time?arrow_forwardOscar Munoz started as United’s CEO in 2015, by March 2017 named “Communicator of the Year” by PRWeek. Unfortunately, he fell from grace a month later due to United’s botched response to a flight-related incident.106 SUNDAY, APRIL 9: CHAOS ON FLIGHT 3411 A fully booked United flight 3411 was preparing to depart from Chicago to Louisville when gate agents realized that four airline crew members needed to get to Louisville. The gate agents asked for four volunteers to give up their seats in return for compensation. No one accepted United’s offer because the flight was the last one to Louisville that evening. United then decided to enact an “involuntary de-boarding situation,” in which four random passengers were directed to deplane. Three of the passengers deplaned without incident. The fourth, Dr. David Dao, refused, saying “I can’t get off the plane. I have to get home. I’m a doctor. I have to get to the hospital in the morning,” according to The Sentinel News.107 United employees…arrow_forward- 15 O Exercise 9-5 All In the Family: The Company in the Hands of the Second Generation You have recently started a business as a consultant to small businesses and are ready to begin work with your first client. It is a million dollar-a-year technical services company that was started by two friends, Sherman and Kelly, 20 years ago. Kelly is a little older than Sherman and has reduced his work schedule to part time. Sherman is still working full time, but would like to slow down and enjoy the fruits of his labor. Each has three children. Kelly has two sons and a daughter, all of whom have worked in the business at one time or another. Kelly has a very good relationship with all of his children. Sherman has two daughters who have never had any interest in the business and a son, J.R., who had worked in the business for a time until he and Sherman had a falling out when Sherman divorced J.R.'s mother 15 years ago. It was a bitter divorce that had a very negative impact on Sherman's…arrow_forward
- You are an employee working in the accounts office of Ukweli company listed on the Nairobi stock Exchange, and while working late one evening during the week, you realized that you had left your expensive pen in the boardroom at an earlier meeting and, given its value, you went upstairs to look for it. As you approached the door you heard the following discussion which was between the company C.E.O (Chief Executive Office and Brian (a Non -Executive director). “C. E.O: I am deeply concerned that if this fall in profit figures is disclosed in the next annual report, there will be all sorts of problems with the shareholders. We may even lose a number of big investors. Brian (also the cousin of the Chief Executive): (large sigh) Well, I suppose we could always find a way of making them look better. C.E.O: How? I can't see it at all. Brian: Well, we could make them just slightly higher than last year's figures by including the proceeds of the sales of our toothbrush division. C.E O: But…arrow_forwardAn entrepreneur has the following characteristics EXCEPT: Select one: a. Accepts risks or failure b. Initiative-taker c. Organized d. Apathy General Foods' introduction of a compact cereal box in response to the problem that the available boxes did not fit well on the shelf was not successful, as the problem of package size had little effect on actual purchasing behavior. To ensure the best results, this method should be used primarily to identify product ideas for further evaluation. Select one: a. Customer Survey b. Focus Groups c. Problem Inventory Analysis d. Brainstorming Although there is some variation in the distribution of adopters of new technology products and services, the single most common pattern is a Select one: a. Poisson Distribution b. Binomial Distribution c. Beta Distribution d. Normal Distribution In order to cross the gap and reach the take-off stage, the most important aspect is that you must: Select…arrow_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_forward
- "Management is a distinct process consisting of planning, organizing, actuating, and controlling; utilizing in each both science and art, and followed in order to accomplish pre-determined objectives" (George Robert Terry) Management is broadly involved with all kinds of functions and disciplines in the organization. These functions are part of a body of practices and theories on how to be a successful manager. You are required to Discuss leadership style and practices of the organization. Ascertain 10 Entrepreneurial Leadership Characteristicsarrow_forwardBrenda 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_forwardYou are part of a management consulting team retained by the Board of Directors of the company JC Penney with Ron Johnson's tenure. Identify any issues emerging from the leadership style and behavior of the company’s CEO, Ron Johnson and propose recommendations to address these issues. Describe the potential implications and pitfalls of your recommendation(s). Focus, in particular, on the practical matters associated with implementing your ideas.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