Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 15.2, Problem 1DQ
Why might it be a bad decision to hire someone for a key startup role based only on the fact that the person is close family or a friend? What are the potential tradeoffs to the business?
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Case:
You are vice president of a small company that has been chartered by a group of about a dozen main investors. (It’s incorporated, but not publicly held.) The company does software development for other small businesses. Your boss, the president and CEO of the company, thinks that the company needs to expand and hire more software designers. (She thinks that there is a good opportunity to get qualified people since so many talented software engineers have been put out of work with the bursting of the “dot-com bubble.”) In addition, she thinks it would be a good idea to rent some more office space to house the new people, and to upgrade the company’s main computer system. These strike you as good ideas for growing the business, but there is one problem–the company has neither enough current profits or remaining investment capital to take on these new projects. Fortunately (well, maybe it is fortunate, maybe it is not), there is a meeting of the investors scheduled for next week.…
Chapter 15 Solutions
Principles of Management
Ch. 15.1 - What is the definition of a team?Ch. 15.1 - Name some practices that can make a team more...Ch. 15.2 - Why might it be a bad decision to hire someone for...Ch. 15.2 - What does it mean for the three Rs to be in...Ch. 15.2 - What are the four stages of team development?Ch. 15.2 - What can cause a team to regress in its...Ch. 15.3 - Do you agree with the statement that what got you...Ch. 15.3 - Who would be on your stakeholder checklist? Which...Ch. 15.3 - Discuss the paradox(es) of a team.Ch. 15.3 - How can a leader manage team boundaries?
Ch. 15.4 - What are some techniques to make conflict more...Ch. 15.4 - What are some destructive responses to conflict?Ch. 15.5 - Why do diverse teams focus more on data than...Ch. 15.5 - How are diversity and innovation related?Ch. 15.6 - What are some multicultural experiences that youve...Ch. 15.6 - Has economic globalization helped people to bridge...Ch. 15.6 - What are some of the challenges of a multicultural...Ch. 15.6 - Explain the cultural intelligence techniques of...Ch. 15 - What are the key differences between a team and a...Ch. 15 - At what stage of team development does the team...Ch. 15 - What can cause a team to digress to an earlier...Ch. 15 - What can a team leader do to manage the teams...Ch. 15 - How does managing conflict help a team learn and...Ch. 15 - What are some strategies to make conflict more...Ch. 15 - Why are diverse teams better at decision-making...Ch. 15 - Why do diverse teams utilize data more often than...Ch. 15 - What are some of the challenges that multicultural...Ch. 15 - What are the key sources of cultural intelligence?Ch. 15 - If you dont have a diverse group of people on your...Ch. 15 - Evaluate your own team at work. Is it a diverse...
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