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business
contemporary business

Questions and Answers of Contemporary business

In what specific ways does G Adventures’ low staff turnover directly impact the organization’s revenue and profits?
Why is it important for an entrepreneur to have a high energy level and a strong need for achievement?
What type of customer does G Adventures most appeal to? Do you think this focus would have an effect on its potential to broaden and diversify its user base?
How do entrepreneurs generally feel about the possibility of failure?
How might another company—one that is having difficulty retaining its employees—draw from G Adventures’ approach to develop a company “personality” that is as equally engaging?
What are the two most important considerations in choosing an idea for a new business?
Research news reports on how recent economic conditions have affected the travel industry. Does G Adventures have special strengths that help it deal better than other travel companies with
What is seed capital?
Develop a “share economy” business idea that follows the patterns established by FlightCar, Uber, and Airbnb.
What is the difference between debt financing and equity financing?
How would your idea be better than the existing competition?
Why would large companies support intrapreneurship?
What is a skunkworks project?
Create your own personal SWOT analysis as part of your career plan by going to the website listed below. Evaluate your personal strengths, weaknesses, opportunities, and threats. Either with a
What is management?
Think about the last time you decided your favourite pair of jeans was no longer wearable. What steps did you take to discard the jeans and what was the basis for your decision? Would you have
Imagine that you’ve been hired as a supervisor at a bakery shop called Claire’s Cakes. The founder, Claire, wants to increase production, expand deliveries, and eventually open several more
Go to the websites of two organizations, a for-profit firm and a not-for-profit organization. Evaluate the mission statement of each organization on the basis of four of the following: function,
Describe the differences in the jobs of top managers, middle managers, and supervisory managers?
Discuss the concepts of re-wear, which means a product is still wearable, and upcycling, which means a discarded textile can be used to create a new product of equal or better quality. What
On your own or with a classmate, write a mission statement for Claire’s Cakes. Think about the type of company it is, the products it offers customers (cakes for special occasions), and the type of
Visit the website listed below and answer the following questions. www.pfizer.com/about/people/executivesa. How would you characterize Pfizer’s organizational structure?b. What is the composition
What is the relationship between the manager’s planning and controlling functions?
Do CEOs like Barra have an ethical obligation to keep manufacturing operations in countries like Canada where they do business?
Contingency planning requires a combination of looking ahead and being adaptable. Josh James is the founder of Omniture, the web analytics firm he sold to Adobe. James recalls the importance of being
What is meant by a vision for the firm?
What challenges, both economical and ethical, will Barra encounter as she guides the company’s global expansion into other markets?
Identify a person you think is a good leader. It can be someone you know personally or a public figure. Describe the personal qualities that are most important in making this person an effective
Why is it important for a top executive to set high ethical standards?
Should a company be responsible for what an executive says through social media channels? Why or why not?
Research a firm whose goods or services you purchase or admire. Learn what you can about the organization’s culture. Would you be an effective manager in this culture? Why or why not? Share your
Outline the planning process.
What are the risks when an executive misrepresents a company on social media? Should companies require executives to undergo social media training?
Describe the purpose of tactical planning.
How would you describe the principles, beliefs, and values at WestJet?
Compare the kinds of plans made by top managers and middle managers. How does their focus differ?
How might the corporate culture change now that WestJet employees are no longer shareholders?
What is the purpose of a mission statement?
How much of the blame for decreased revenue lies with the leadership of the company, and why?
Which of a firm’s characteristics are compared in a SWOT analysis?
How should EA change its strategic plan to regain lost business?
How do managers use objectives?
What are the steps in the decision-making process?
Describe the characteristics of the ideal leader you would hire for the firm.
How is leadership defined?
What is the latest in EA’s quest to regain its former glory as the top gaming publisher? How well is EA positioned for future competitive advantage? Overall, is EA’s executive team “on top of
Identify the styles of leadership as they range from the most to the least amount of employee participation.
What is the relationship between leadership style and corporate culture?
What is a strong corporate culture?
What is the purpose of an organization chart?
What are the five major forms of departmentalization?
What does span of management mean?
What are the five main tasks of a human resource manager?
Do you think video interviewing is effective when hiring candidates? Explain why or why not?
The Conference Board of Canada website provides a variety of information about human resources as a profession. Summarize the highlights presented in one report on strategic human resource
On your own or with a classmate, research firms that provide management training programs. Prepare a presentation about one ofthese firms. Describe how the firm uses management training programs and
What are the three overall objectives of a human resource manager?
What are the pros and cons of talent acquisition technology tools like those described? Do you agree that they’re the wave of the future?
The Government of Canada Office of the Chief Human Resources Officer is the centre for federal public service employers. Go to the website and summarize the human resources services available to
Choose one of the following companies, or a company that you might like to work for. Research the company’s benefits by using the firm’s website and a job search website such as Monster.com .
Describe several recruiting techniques used by human resource managers.
Discuss the benefits of Accenture’s Connected Learning environment and how, in the long run, the investment in learning sets Accenture apart from its competitors.
The Teamsters is one of North America’s largest and oldest labour unions. Go to the union’s website (www.teamsters.ca) and review the material. When was the union founded? The union originally
With a classmate, choose an on-campus job and outline how you would share that job. Create a schedule and division of tasks.
Is it unfair to employers that some questions cannot be asked during job interviews?
In what ways would you assume Accenture’s focus on learning benefits the company in terms of employee loyalty and turnover?
Choose what you think would be your dream job five years from now. Using Maslow’s hierarchy of needs, create a chart that shows howthis job fulfills each level of need.
What are the benefits of computer-based or online training?
What recommendations would you make to a friend looking for a job when it comes to social media activities?
What is a management development program?
Do you think it’s realistic that only 5 percent of companies surveyed used information on social media sites to make hiring decisions? Explain.
What are the criteria, or standards, that should be included in an effective performance appraisal?
How does a progressive stance toward “buying clean” help secure an important industry role for Canadian labour unions going forward? How do these types of initiatives support and protect
Explain the difference between wage and salary.
Besides construction, what other industries might benefit from unions taking a leadership role in sustainability initiatives like “buying green”?
What are flexible benefit plans? How do they work?
Discuss Walmart’s training program in light of research that shows that when companies invest in people, they experience lower turnover and greater employee engagement. Discuss the benefits to
What is the difference between voluntary and involuntary turnover?
For Walmart associates who do not have the interest or resources to earn a four-year degree, discuss how training, particularly in advanced or specialized skills, can provide a potential career path.
What is downsizing? How is it different from outsourcing?
Some argue that a student debt savings program is really not much of an incentive for employees who already earn generous salaries. Do you agree? Why or why not?
What are the four steps in the process of motivation?
In an effort to reduce student debt more quickly, many recent graduates end up jumping from company to company to make more money. Do you agree with Canada Life's perspective that this new perk will
Explain how goal setting works.
Describe the three ways that managers structure jobs for increased motivation.
What is a labour union? What is collective bargaining?
What are the three main tactics used by unions to win support for their demands?
In regard to sustainability, many consumers believe that ethically raised animals are not just better for their diets but also better for the overall community and the global supply chain. Research
Describe a situation when you had to make an economic choice to try to balance your wants with limited means. What factors helped you reach your decision?
Discuss the growth in the athleisure market in light of the fact that North American participation in sports has declined. Do you see the athleisure market as a trend? Why or why not?
What drives the development of new products at Canarm?
Credit card regulations. Several federal regulations govern credit cards. Visit the website listed here. After reviewing these rules, prepare a brief report highlighting the most significant
Define microeconomics.
Choose one of the following products. Describe the factors that might affect its supply and demand.a. UGG bootsb. A Kindlec. Reward points offered by MasterCard credit cardd. A newly created
In addition to celebrities and fashion designers, giants like Nike, and innovators like lululemon, are there other brands or companies that might make their way into the growing athleisure market? If
How important were the mergers with other companies in the evolution of the company?
Unemployment. Statistics Canada compiles and publishes data on Canada’s unemployment rate, which is then available for research and analysis by other organizations
Explain demand and supply curves.
Go online to research one of the following government departments or agencies. Read about its responsibilities, its budget, and the like. Make the case for privatizing it.a. Veterans Affairs Canadab.
Discuss the Breakthrough Energy Coalition’s sense of urgency and need to scale rapidly to drive innovation and create jobs. Is this realistic? Why or why not?

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