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Read the scenario set out below and discuss the questions that follow it: Art Fleming is a design engineer with a proven track record in the field of electronic musical instruments. He recently designed a new VLSI (very large scale integrated) chip. This chip is meant to be the heart and soul of a digital sampling keyboard to be called WAVE. Fleming believes the WAVE will set a new industry standard. He wishes to organize a business enterprise to build and market it. He has a meeting with his lawyer and conveys to her the following bits of information: a. It will take approximately 2 years to turn the VLSI chip into a marketable product; b. Fleming has more than $200,000 in savings from previous ventures. He does not want any of that money to be at risk in this new venture. However, he wants part ownership. He is unsure what percentage he wants. c. Currently, 5 investors are willing to put money into the venture. Only 2 of the 5 want to play an active role in the enterprise. Fleming is willing to give these 2 some limited control. d. Fleming knows that he is not qualified to manage the new endeavor. Nevertheless, he wants a significant say in how it proceeds. e. Five more investors could be attracted to this project, but only if they could be guaranteed some fixed return on their money or could realize immediate tax benefits from investing. f. Fleming would like Scott Ladd, a manager much in demand in the electronics field, to be his CEO. It would take significant incentives to attract Ladd to the enterprise. Fleming is not committed to using any particular type of business organization; he is interested in weighing the alternatives. What form of organization should Fleming choose for his new venture? Why? What are the advantages and disadvantages of the form you have chosen? Be sure to support your views with the facts and the law of Business Organization.
List and discuss the elements of Strategic Management according your textbook and the Strategic Management Model handout in doc sharing (1) Name the element. Define it. (2) List and explain why each element is essential for short term success and..
An employee involved in a serious work accident who refuses to take an immunoassay test based on her belief in the right to privacy h) The recommendation of the union that management be given the same tests as workers.
the corruption perceptions index cpi is a comparative assessment of integrity performance for a variety of countries.a
Discuss the concept of the internal customer. Who are purchasing's internal customers?
Whole Foods needs at least 1,000 units of beets. The Ames supplier can supply no more than 900 units. Develop constraints for these conditions.
Revise the following to eliminate empty words. Are you aware of the fact that social media can drive brand awareness and customer loyalty? Except for the instance of MySpace, social networking sites are booming. If you seek to build an online communi..
Describe the situation facing Mensa at the time of the case. This should include the major issues facing the company and the decisions that need to be made.
Compute the tact time for a system where the total time per shift is 530 minutes, there is one shift, and workers are given two 11-minute breaks and 40 minutes for lunch. Daily demand is 204 units.
1. What are the different types of inventories maintained by a typical business entity? 2. What is the significance of inventory regarding customer service levels?
Illustrate what is the productivity. Illustrate what is the main assumption that requires holding true in order for these computed answers to be valid.
Hard-bargaining sourcing departments focused on decreasing purchasing spend may experience which of the following from their suppliers
Some relevant issues facing today's managers include: global HRM, whistleblower rules, e-HRM/self-service, moving from transactional to strategic HRM, the knowledge economy, outsourcing pros and cons, managing four different generations in the workfo..
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