Question
You have just been hired as the new head of an audit team for a national accounting firm. With four years of experience, you feel
- You have just been hired as the new head of an audit team for a national accounting firm. With four years of experience, you feel technically well-prepared for the assignment. However, this is your first formal appointment as a "manager." Things are complicated at the moment. The team has 12 members of diverse demographic and cultural backgrounds, as well as work experience. There is an intense workload and lots of performance pressure. How will this situation challenge you to develop and use essential managerial skills and related competencies to successfully manage the team to high levels of auditing performance?
- Please take a look at the Trade Joe's Case study 1 in Management book. Please do not restrict yourself only this case study writing, go for other articles about Trader Joe's management approaches and strategies.
- What ways does Trader Joe's demonstrate the importance of each responsibility in the management process-planning, organizing, leading, and controlling?
- Study news reports to find more information on Trader Joe's management and organization practices. Look for comparisons with its competitors and try to identify whether or not Trader Joe's still has the right management approach and business model for continued success. Are there any internal weaknesses in the Trader Joe's management approach or new practices by external competitors, or changing industry forces that might cause future problems?
- Jane is a member of the board of directors of Power Company Z, which is considering the construction of a new power plant.
Coal-fired power plants emits sulfur dioxide into the atmosphere. Ambient air containing a high concentration of sulfur dioxide is known to create acid rain, which damages crops and erodes some metals (e.g., nickel and copper). If number 2 oil is used as fuel instead, the sulfur dioxide emission of the power plant could be significantly reduced. However, replacing coal with oil will raise the fuel cost by about 20%.
Some directors believe that any increased costs would have to be reflected in higher prices. An increase in electricity price would create problems for the company. For example, the Public Utilities Commission may delay approving the proposed rate increase. Consumers may react negatively to the price increase, which could hurt the company's public image.
Other directors are convinced that the company should not use methods that would increase expenses. They point out that diverse industries and motor vehicles are far more guilty of causing air pollution than the power industry. As one director put it, "Why should we be leaders in this area when it is going to cost either stockholders or consumers a great deal of money?"
Jane knows that fuel represents only one-seventh of the total cost generating and distributing electricity. She feels that the company has an obligation to protect public health as long as it can stay responsibly profitable. She believes, further, that the company should not allow purely business considerations to dominate its decisions in an area of such critical importance.
What do you think Jane should do?
- Please take a look at the Zara's Case study in Management book. Please do not restrict yourself only this case study writing, go for other articles about Zara's management approaches and strategies.
- In what ways are elements of the classical management and behavioral management approaches evident in how things are done at Zara International? How can systems concepts and contingency thinking explain the success of some of Zara's distinctive practices?
- Gather the latest information on competitive trends in the apparel industry, and on Zara's latest actions and innovations. Is the firm continuing to do well? Is it adapting in ways needed to stay abreast of both its major competition and the pressures of a changing global economy? Is Inditex still providing worthy management benchmarks for other firms to follow?
- Please look at the Warby Parker Case study in Management book.
- In what ways can a newer, smaller competitor "punch above its weight" by taking advantage of the Internet? How can the Internet be applied as a tool to help businesses avoid some of the costs associated with doing business following more conventional or "old school" approaches? How do you see the balance of power in industries like the eyewear industry shifting as customers become more comfortable buying eyewear online?(10 points)
- What impact does Warby Parker's decision to donate a pair of eyeglasses for every pair purchased from them have on customers' perceptions of the company? How does Warby Parker's focus on being a great place to work influence how the company is seen in the market?
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