Reference no: EM132928537

Case Study # 1 Frankie and Rudy: Two different Worlds

Rudy Paragas and Frankie Taguinod were classmates during their elementary school days at the Santiago Central School. Rudy's father was a merchant occupying a small stall in the public market. Frankie's father was a certified public accountant. Frankie was the better student and he got better grades than Rudy even when they were already in high school at La Sallette. Both became drummers in the high school drum and bugle corps, with Frankie handling the snare drum and Rudy the tom-tom.  Frankie was a platoon leader in the high school corps of cadets while Rudy was a private.

Later, Frankie enrolled in the accounting course at UST, while Rudy took the business management course at UE. Rudy was not happy with college schoolwork and he found it hard to cope with.  He quit during his second year. Frankie got his college degree with flying colors and became a CPA like his father.He decided to go back to Santiago to practice his profession. By then , however, Rudy was already well entrenched in his business of palay trading. Rudy became so successful that he was able to diversify into other businesses like trucking and wholesale distribution of soft drinks and vegetables. Because of their friendship it was inevitable that Rudy would become a client of Frankie.

One afternoon, Frankie was enjoying his siesta in his veranda; he could not help but think of the financial success of his friend. Frankie was a millionaire in own right, but Rudy was already joining the billionaire's league. Frankie could not believe that a college dropout would be richer than him.

QUESTION:  

1. What would you tell Frankie if he shares his thoughts with you?  
2. What is the statement of the problem in the story?
3. What is the objectives in the story?
4. Analysis of the case facts
5. Possible Solution (indicate the advantages/disadvantages per possible solution)
6. Recommendations
7. Managerial Application