Business Management Final

Business Management Final

Ms. Marchetti

2008-2009

Instructions:

Read each case study thoroughly.

Answer the questions that follow each case.

Each student is responsible for TYPING their responses in a Word Document.

Make sure your name, date, and period are in the header at the top of the page.

Your grade will be calculated based on content, grammar, accuracy, and creativity. Please remember the length is not what is important, it is the CONTENT and thought process that is behind your words!

Your grade will be determined by the following:

Cases 1, 3, 4, 5, 6: each worth 10% of overall grade

Cases 2 and 7: each worth 15% of overall grade

Class time use: 10% of overall grade

Grammar/Mechanics: 10% of overall grade

Total Percentage: 100%

Case 1: The Case of the Performance Appraisal

Frank became chief financial officer and a member of the Executive Committee of a medium-sized and moderately successful family-owned contracting business six months ago. The first non-family member to hold such a position and to be included in the Executive Committee, he took the job despite a lunch-time remark by the company's CEO that some members of the family were concerned about Frank's "fit with the company culture." But the CEO (who is married to the daughter of the founder of the company) said he was willing to "take a chance" on Frank.

Soon after Frank started, the company decided for the first time to "right-size" (a euphemism for downsize) to respond to rapid changes in its business. Frank, who had been through this before when he was a senior manager in his previous company, agreed this was good for the long-term health of the 20-year-old company. He decided not to worry that family members seemed more concerned about their own short-term financial interests.

Besides, the CEO was relying on Frank to help him determine how to downsize in an ethical manner; the CEO said he...