Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 9, Problem 9.21EE
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 action of most managers in this situation.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents 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…
The board of directors of an organization considers that incentives for senior management are important to accomplish the business's objectives. The board of directors decides whether to give bonuses depending on the value of the company's stock at the end of each fiscal year. Bonuses will be paid in the form of stock, which managers may keep or sell on the open market. What are the ramifications of instituting such a rewards system?
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.
Chapter 9 Solutions
Business Essentials (12th Edition) (What's New in Intro to Business)
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
- Need help pleasearrow_forwardRobin, 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.arrow_forwardCan 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_forward
- For 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_forwardWhat personal characteristics and values will Jack need to continue running his business while also attending school full-time?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
- An 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_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_forwardReaction 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…arrow_forward
- As a vice-president at a company that manufactures exercise equipment, you have been asked to explain two rewards that your company is likely to gain from switching to Access from Excel?arrow_forwardJenna has worked as a secretary for a small tech manufacturer for 45 years. In that time, she has weathered many interpersonal storms, from angry customers to new products to tight deadlines to a moody boss. Just today, she came to work and discovered that the company had been sold to a Chinese conglomerate and that she no longer has a job. As she considers her options, she hears through the grapevine that her boss has been orchestrating this buyout for six months, that he knew the Chinese firm would be terminating her because of her age, and that he will be walking away with a hefty reward for his negotiations. What best categorizes the situation, in regard to the five dimensions of the business environment? a) Competitive environment because of the buyout b) Technological environment because of the competitive advantage of e-commerce, Web presence, and bleeding-edge business technology J c) Global environment because of American outsourcing d) Social environment because of diversity…arrow_forwardFive years after graduating from Cambrian College, life is going well! Now married with 2 children [2 and 4 years old respectively] you are happy with most aspects of your life. You have a modest home, family close by, and a great circle of friends. Since graduation, you have worked at Home Depot in the painting department and enjoy the work and the environment. In your extra time, you provide a painting contractor service. You typically do 3 jobs a month (totaling 30 hours a month) and really enjoy the hands-on work. 90% of your business is acquired through word of mouth and you do put advertisements on Facebook Marketplace, and Kijiji. Although you find your work enjoyable and the schedule works well with family life, you have always longed for the opportunity to work for yourself and make a difference in the community. You want to “paint the town”! Until now, although the concept has crossed your mind, you never took any steps to research or consider opening your own business,…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