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Read each of the following scenarios (some may be familiar from their use elsewhere). For each, first identify the tension. Next, identify an action the
Read each of the following scenarios (some may be familiar from their use elsewhere). For each, first identify the tension. Next, identify an action the audience can take to resolve the tension you've identified.SCENARIO 1: You are the Chief Financial Officer for a national retailer. Your team of financial analysts just completed a review of Q1 and have identified that the company is likely to end the fiscal year with a loss of $45 million if operating expenses and sales follow the latest projections. Because of a recent economic downturn, an increase in sales is unlikely. Therefore, you believe the projected loss can only be mitigated by controlling operating expenses and that management should implement an expense control policy ("expense control initiative ABC") immediately. You will be reporting the Q1 quarterly results at an upcoming Board of Directors meeting and are planning your communicationa summary of financial results in a PPT deckthat you will present to the board with your recommendation
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