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business
management a practical introduction
Questions and Answers of
Management A Practical Introduction
If you were CEO of this organization, what changes would you make based on your survey results? Explain.
What suggestions would you make for how this organization might (1) build a commitment to learning,(2) work to generate ideas with impact, and (3) work to generalize ideas with impact? Discuss.
How does the learning score for the organization probably compare with the scores of other organizations you are familiar with?
What is the underlying problem in this case from Stella McCartney’s perspective?
What are the key causes of this problem?Application of Chapter Content
Use the four parts of a system to find a solution to McCartney’s environmental challenges. Provide support for your conclusions.
Does evidence-based management support McCartney’s claims that her products are more eco-friendly than traditional leather? Explain.
Is McCartney an example of a leader effectively using shared value and sustainable development? Why or why not?
What key lessons from this chapter could McCartney use to improve how her products are perceived by the market? Explain.
Meet with Jim to review his behavior. Tell him that any more acts of insubordination will result in termination. Don’t make a big deal about these events and don’t include documentation in his
Put Jim on the list of people to be laid off. Although the company will have to pay him severance, the money reduces the chance he would file a lawsuit against the company.
Call your human resource (HR) representative and discuss the legality of firing Jim. Jim was insubordinate in hiring a consultant and irresponsible for not submitting his list of potential employees
Reprimand Jim by putting him on a performance improvement plan (PIP). This plan outlines specific changes Jim needs to make going forward, and it gives him a chance to make up for his poor decisions.
Describe the triple bottom line of people, planet, and profit and its importance to younger workers.
Discuss the role of corporate governance in building ethical and socially responsible organizations.
Are your views more idealistic or more relativistic?
What do you think about students cheating on homework assignments in school? What about cheating on exams?
Are your answers consistent with your score? Explain.
What can you say during an interview to demonstrate an ethical orientation?
Do you believe corporate social responsibility really has benefits? Can you think of any highly profitable and legal businesses that do not practice any kind of social responsibility?
Where do you stand on corporate social responsibility?
What life events have influenced your attitudes toward corporate social responsibility? Discuss.
Based on the three lowest-rated items in the survey, how might you foster a more positive attitude toward social responsibility? Explain.
What can you say during an interview to demonstrate a positive attitude toward corporate responsibility?`
2. What life events have influenced your attitudes toward corporate social responsibility? Discuss.
Based on the three lowest-rated items in the survey, how might you foster a more positive attitude toward social responsibility? Explain.
What can you say during an interview to demonstrate a positive attitude toward corporate responsibility?`
What is the underlying problem in this case from the perspective of the federal government, the parents, and the prospective college students?
Why do you think the parents were willing to play such a significant and risky role in their kids’ college admissions?
How do you think the higher education system and the government should move forward to prevent the same behavior from occurring in the future?
How do you think the general environment, particularly economic, demographic, international, and sociocultural forces, fed into the admissions scandal?
Are the children who were aware of the cheating scheme purely victims in this situation, or should they also be considered unethical? Explain your answer using one of the four approaches to deciding
What might universities do to promote higher ethical standards among their admissions departments, coaching staff, and other decision makers?
Do you think the punishments handed down in court will be enough to deter similar scams from happening again?
Based on what you’ve learned about Rick Singer, his involvement, and his decision to cooperate in the investigation, where would you place his level of moral development? Explain your answer.
Apply for loan forgiveness and hope that the broad language of the law will make an exception for your state college education and loan. Besides, what’s wrong with asking?
Apply for loan forgiveness. After all, you aren’t benefiting from your education, someone should have told you that you needed a graduate degree in psychology to get a good job, and there is no
Don’t apply. You were never promised a job and you made the decision to major in psychology. You could have chosen a field with more job opportunities.
Describe how the concept of creating shared value improves upon the traditional approach to corporate social responsibility.
Discuss the roles various stakeholders play in creating shared value.
Explain recommendations for creating shared value in light of current progress and challenges.
How do you think this example demonstrates the key process of transformation of the value chain?
What are the key differences between the two initiatives at Campbell Soup? What additional opportunities might the company have to create shared value through its core business activities?
On which of the SDGs do you think the private sector can have the biggest impact?
What are some other ways that entrepreneurs might use smartphone technology to create shared value?
Why do you think it is so important for companies to understand and collaborate with their ecosystems in order to create shared value?
How is the global economy both helping and hurting Huawei?
If you were leading Huawei’s expansion overseas, what type of international manager would you want to be—ethnocentric, polycentric, or geocentric? Explain your decision.
Based on Figure 4.1, which ways of expanding internationally has Huawei employed? Provide specific examples.
Huawei is based in China and looking to expand to Russia and Brazil. China, Russia, and Brazil are BRICS nations. Why is this significant?
Assume Huawei is allowed to enter the U.S. market.Based on GLOBE cultural dimensions, the United States scores lower than China on power distance, ingroup collectivism, and uncertainty avoidance.
Qatar should be stripped of its right to host the 2022 World Cup. There is obviously evidence of bribery and such an important tournament should not be tainted.
So far, prosecutors have not uncovered anything directly tying the Qataris to the corruption scandal.Stripping Qatar of its hosting privileges while it is building the infrastructure to host the
FIFA should have a third party open its own investigation of the events leading up to Qatar’s being granted hosting privileges. The conclusion of this investigation should dictate what happens to
What did you learn about your future career identity? Are you surprised by the results?
Write a personal mission and vision statement using ideas discussed in this section. Share it with a friend for feedback.
Based on your results, what might you do to enhance your future career identity? Explain.
What things can you say during an interview to demonstrate that you possess the career-readiness competency of career management?
What are the strengths and weaknesses of goal setting in the company you selected?
Based on your results, what recommendations would you provide to senior management about improving the goalsetting process in this company? Explain.
What actions could you take to improve the goal-setting process in this company? Be specific.
What is your level of learning orientation? How might it affect a recruiter’s perception of your employability?
Based on your results, what might you do to increase the career readiness competency of proactive learning orientation? Explain.
What things might you say during an interview to demonstrate that you possess this career readiness competency?
Why are they important?
Explain the planning/control cycle.
What is the underlying problem in this case from Amtrak CEO Richard Anderson’s perspective?
What are some of the causes of this problem?
Do you believe Anderson’s strategy and plans will turn the company around? Explain.
Using the steps in Figure 5.1, describe how Amtrak is making changes to become profitable.
How does congressional skepticism impact Amtrak’s development of its mission and vision statements?
Define one specific strategic, tactical, and operational plan that Amtrak can utilize.
Develop a simple strategic goal, operational goal, and action plan for Amtrak: The goals need to be SMART.Then utilize a means-end chain to illustrate the relationship among the three.
Develop a planning/control cycle to make sure Amtrak is headed in the right direction.
Move on to other projects. Pfizer has an obligation to its shareholders not to throw money at projects that prove to be unsuccessful.
Continue funding Alzheimer’s R&D. As a global leader in the pharmaceutical industry, Pfizer has an obligation to society to find treatments for diseases affecting millions of people. This would
Contribute to agencies such as the National Institutes of Health so they can continue their studies of Alzheimer’s.
Discuss Porter’s and Welch’s techniques for formulating a business-level strategy.
Describe how to create, execute, and control a functional-level strategy.
What is the level of strategic thinking? Are you surprised by the results?
If you were meeting with an executive from the company you evaluated, what advice would you provide based on the survey results and what you learned about assessing current reality?
Do you have what it takes? Are you surprised by the results?
Based on the results, what are your top two strengths and deficiencies when it comes to strategic planning?
What would you say during an interview to demonstrate that you possess the career readiness competencies associated with strategic thinking? Consider guidance found in the Career Corner.
What is the assessment of the external environment?
How well do you understand the existing customers and markets?
What is the best way to grow the business profitably, and what are the obstacles to growth?
Who is the competition?
Can the business execute the strategy?
Are the short term and long term balanced?
What are the important milestones for executing the plan?
What are the critical issues facing the business?
How will the business make money on a sustainable basis?
How does the company stand with respect to execution?
Based on the results, what are the company’s strengths and weaknesses when it comes to execution?
What advice would you give to senior management about improving the company’s ability to execute based on the results? Be specific.
What is the underlying problem in this case from CEO Nick Caporella’s perspective?
What are some of the causes of this problem?
What will it take for LaCroix to regain its momentum? Explain.Application of Chapter Content
How can LaCroix create a “fit” among its activities?
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