Questions
Please read the story and answers the following questions according to the story?
1.
What kind of additional data should Jennifer collect?
2. Do you agree with the statement “
Projects that are slow in progress, high on risk, but big on returns should be pursued regardless of time, risk, or money.
”
3. Production employees are paid to do their jobs and are the ones who should come up with and implement new ideas. How possible is this in Jennifer's company?
Story:
Jennifer Childs is the owner and Chief Executive Officer of a midsize global pharmaceutical company with sales offices or manufacturing plants in eight countries. At an October staff meeting she tells her managers that company profits for the year are expected to be $2,000,000 more than anticipated. She tells them she would like to reinvest this additional profit by funding projects within the company that will either increase sales or reduce costs. She asks her three key managers to get together to develop a prioritized list of potential projects and then to meet with her to ‘‘sell’’ her on their ideas. She mentions that they should not assume the funds will be divided equally among the three of them. She also mentions that she is willing to put all of the funds into just one project if it seems appropriate.
Assignment: Questions Please read the story and answers the following questions according to the story? 1. What kind of additional data should Jennifer collect? 2. Do you agree with the statement “Projects that are slow in progress, high on risk, but big on returns should be pursued regardless of time, risk, or money.” 3. Production employees are paid to do their jobs and are the ones who should come up with and implement new ideas. How possible is this in Jennifer's company? Story: Jennifer Childs is the owner and Chief Executive Officer of a midsize global pharmaceutical company with sales offices or manufacturing plants in eight countries. At an October staff meeting she tells her managers that company profits for the year are expected to be $2,000,000 more than anticipated. She tells them she would like to reinvest this additional profit by funding projects within the company that will either increase sales or reduce costs. She asks her three key managers to get together to develop a prioritized list of potential projects and then to meet with her to ‘‘sell’’ her on their ideas. She mentions that they should not assume the funds will be divided equally among the three of them. She also mentions that she is willing to put all of the funds into just one project if it seems appropriate.