In light of industry-based considerations, governances practices need to: a. follow universal best practices. b. increase the number of outside directors for firms in high-growth turbulent industries. c. create a fit with the nature of the firm's industry. d. move toward CEO duality in slow-growth stable industries.

In light of industry-based considerations, governances practices need to: a. follow universal best practices. b. increase the number of outside directors for firms in high-growth turbulent industries. c. create a fit with the nature of the firm's industry. d. move toward CEO duality in slow-growth stable industries.

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter6: Managing Start-Ups And New Ventures

Section: Chapter Questions

Problem 3OTJVC

See similar textbooks

Similar questions

True or False 1. The antitrust view is based on which of the following assumptions? 2. The rational structure model is a model of business organization stressing informal power relations worked out through internal competition.
2. You have moved from company A to Company B. In your new organization, you find that the culture of your new company is quite different from your previous company. Now while you will be performing your responsibilities (Planning, Organizing, Leading and Controlling) in the new company, what are the factors that you would consider to so that your actions in those four management functions are in line with the culture of the new company?
Explain the goal of shareholder wealth maximization, and whether this goal is a short-term goal or a long-term goal. Identify the conflict between the goal of shareholder wealth maximization and other stakeholder concerns (sometimes referred to as environmental, social, and governance (ESG) concerns). Cite one real-world example of a company that reflects other stakeholder concerns in its mission statement or stated corporate values. Explain, for your chosen real-world example, how the company’s incorporation of stakeholder concerns could enhance (or detract from) the company’s shareholder wealth maximization goal. Construct one question related to shareholder wealth maximization goals.
6. How do the key environments of business affect business operations? 7. Explain what is meant by the Protestant ethic. 8. Discuss what is meant by the theory of social Darwinism in terms of how it relates to the concept of corporate social responsibility. 9. Explain what is meant by corporate social responsibility and give two examples of how a business has acted in a socially responsible way. 10. Discuss the various sources of pressures on a business to act in ways that are socially responsible.
8. Managers in a small firm use the PESTLE model to consider a new venture. They have discussed the social, legal, political, and economic effect of the venture. Which other consideration should they deliberate? A.Threats B.Strategy C.Environment D.Profitability
To ensure good corporate governance, a two-tier board would be more advantageous than an unitary board. Discuss.
Prove or disprove the contention of peter Drucker, a management guru stating that "Business is created and managed by people, not by forces" support your arguements with your knowledge about the enbironmental forces.
identify a company that is currently facing issues that you believe could be effectively addressed by using one of the management science tools or techniques that you have learned about in this course. This company could be one that you are personally familiar with or one that you have identified in the current business literature.Your Part A report should cover the following: Briefly describe the company you have chosen, its business, and the environment in which it operates. Describe the company stakeholders and the company mission statement core values. Describe and document the critical issues facing the company that you believe could be addressed by implementing one of the tools or techniques you have identified in this course. Describe the technology that you have chosen for implementation and justify your selection by considering factors such as (but not limited to):Potential benefits through the support of decision making, Acquisition, development, and implementation costs,…
Discuss the following terms brief and concise. 1. Good Leadership 2. Performance Management 3. Mission and Vision 4. Organizational Culture 5. Organizational Behavior 6. Conflict Management
The written report of your new entrepreneurial firm based on the criteria given below.1. Identify and discuss business to be ventured into: background of business, product, service and industry. 2. Identify its business strategy: the desired image and position in the market and SWOT analysis. 3. Marketing strategy: target market, advertising and promotion strategy, pricing structure and its distribution strategy. 4. Competitor analysis: identify the existing competitors and potential competitors. 5. Descriptions of the management team: key managers & employees, backgrounds, experience & skills. 6. Financial & funding: sources & uses of funds. 7. Critical risk factors: critical risk factors that your new business/firm may face. These risks may be management risks, marketing risks, financial risks or other risks depending on your industry and particular situation.
The SituationYou work for a growing company, which thus far has operated only in the United States and Canada. Its board has just approve a plan to expand operations in two locations in the world whose local populations are overwhelmingly Hindu. The company management knows nothing about Hinduism, except perhaps for a few stereotypes. The company plans to hire most of its staff locally, so it needs basic information about Hinduism so that it can conduct advertising, human resources, and other aspects of its operations without offending cultural sensibilities.Your TaskYou work in the accounting department, but because you have a degree in religious studies, the companyâ€™s management has asked you to prepare a brief report on certain aspects of Hinduism. It will use your report as the basis for determining a plan for further study. Your report, therefore, should be clear and specific about religion However, it need not and should not concern itself with details about how…
Magnet is an online and in-store Corporation that sells a wide variety of products fromfashionable clothing for all members of the family, electronics and your everyday essential needssuch as toiletries and cleaning supplies. Customers can choose contactless pickup or deliveryservices which makes life easier for customers during this pandemic. Behind every wildlysuccessful corporation is a strong organsational structure. Magnet has an extensive organisationalstructure that helps them provide the amazing products they do at even better prices. Magnet’sorganisational structure begins with the CEO, Marsha Samms. From there it breaks down intofive different departments each having a manager. The departments are finance, distribution,stores, marketing and human resource. After the CEO, Marsha Samms there is an Executive VicePresident, Derrick Johnson.After that point Magnet is broken down into four regions throughout the Caribbean. Each regionhas a regional manager that is in charge of the…