Squirming granddaughter in the bathroom tub

Assignment Help Business Management

Reference no: EM13741284

Pansy Ellen Essman is a 48-year-old grandmother who is chairperson of a company that does $5 million in sales each year. Her company, Pansy Ellen Products, Inc., based in Atlanta, Georgia, grew out of a product idea that Essman had as she was bathing her squealing, squirming granddaughter in the bathroom tub. Her idea was to produce a sponge pillow that would cradle a child in the tub, thus freeing the caretaker's hands to clean the baby. From this initial product, the company extended its product line to include nursery lamps, baby food organizers, strollers, and hook-on baby seats. Essman has seemingly managed her product mix risk well. However, she is concerned that other sources of business risk may have been ignored or slighted.

Please respond to the following questions:
1. What types of business risk do you think Essman might have overlooked? Be specific.
2. Would a risk retention insurance program be a good possibility for this company? Why or why not?
3. What kinds of insurance coverage should this type of company carry?

Reference no: EM13741284

Questions Cloud

Which employee benefit do you personally value the most : Which employee benefit do you personally value the most? Why is it important for organizations to offer benefits to their employees? How do benefits positively or negatively affect an organization?

What is the purpose of performance management systems : What is the purpose of performance management systems within an organization? What are some ethical concerns of performance management systems? How can a human resource management (HRM) department ensure a performance management system is ethical?

Discuss your personalized ethics statement : You developed and placed into the threaded discussions your personalized ethics statement of what has become important to you in the practice of ethics as you have practiced ethics during the course.

Paper about one misunderstanding : Write a 350-word paper about one misunderstanding you have experienced. Please use a business- or work-related example rather than a personal example.

Squirming granddaughter in the bathroom tub : Pansy Ellen Essman is a 48-year-old grandmother who is chairperson of a company that does $5 million in sales each year. Her company, Pansy Ellen Products, Inc., based in Atlanta, Georgia, grew out of a product idea that Essman had as she was bathing..

Political involvement in business operations : Especially studied China's political environment due to the high level of government/political involvement in business operations.

Defining needs assessment : Training is a fundamental component to any organization. Organizations spend thousands of dollars each year to train and develop employees. Many of the programs do not produce the desired result of increased productivity.

Imagine you are developing the organic juicing company : Imagine you are developing the organic juicing company with retail stores and a franchising system in San Antonio, Texas. Create and support a plan for one of the 4 Ps (Product, Price, Place, Promotion). Thoroughly explain your reasons for your decis..

Agency plans to collaborate with the other agencies : Assume that your selected agency received funding to expand its current emergency plan, which involves the Department of Corrections and Department of Juvenile Justice. Provide a one-page email memorandum that introduces the plan

User Account

All Pages