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The company Mickey Mouse co-founded last year is rapidly growing but has not achieved profitability yet. Many experts are saying Mickey's company could do
The company Mickey Mouse co-founded last year is rapidly growing but has not achieved profitability yet. Many experts are saying Mickey's company could do an IPO in the next two years. The additional capital that an IPO could raise would let Mickey hire the brightest people in the industry and continue to innovate with new product research. There is one glitch: Mickey and the rest of the executive team have been so focused on launching the business that they have not paid much attention to financial control. The company had plenty of funds from venture capitalists and early sales, so working capital has not been a problem. However, an experienced CEO told Mickey that his company will not have a successful IPO unless he cleans up the financial side of his business. Mickey's co-founders say they are too busy and will hire a seasoned financial executive right before the IPO. 4.Explain where Mickey and his executive team fall on the Management Pyramid. When explaining your answer, explain how their tasks and planning responsibilities are different from the other levels of the management team.
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