Dylan’s Transition Dylan is currently a manager of a small f…
Dylan’s Transition Dylan is currently a manager of a small financial planning firm. He is seeking a new career with a large corporation in the banking industry. He recently applied for the financial manager opening at JP Stanley. He is concerned that the transition from his small firm to a large corporation will be difficult. To better prepare himself for this change, he has decided to enroll in a few business classes to strengthen his understanding of corporate finance. The business classes have proven to be a valuable tool for learning the critical skills needed to fully understand a financial plan, equity financing, and debt financing. Dylan now believes he has strengthened his competitive advantage in his quest for the job. Refer to Dylan’s Transition. Dylan’s business classes taught him that a financial manager should do all of the following except _______.
Read DetailsGrace Park, Inc. The management of Grace Park, Inc. (GPI) ha…
Grace Park, Inc. The management of Grace Park, Inc. (GPI) has had some challenges with employee morale and turnover, and the company is making some changes to improve things. The company is known for its risk taking and market leadership with many new products that solve today’s problems. However, employees, who come from many different backgrounds, don’t seem to interact much inside or outside the workplace. GPI would like to find ways to improve camaraderie among employees as well as morale, efficiency, and turnover. Previously, the company tried to make jobs more appealing by adding more responsibilities to each job description. However, this did not work. Next, the company decided to allow flextime, believing that giving employees more flexibility in their hours would make employees more motivated and loyal. This has been successful enough that some employees are now requesting the right to work at home so that they can address their families’ care-giving needs. GPI is considering a pilot program that would allow some employees to do that. GPI then introduced even more work options for employees. For example, management decided to group all full-time employees into teams to bring employees with different backgrounds together to learn from each other. It also announced a monthly party at corporate headquarters. Once these changes were initiated, GPI management noticed that the morale and quality of employees’ work seemed to be improving. The managers also observed that people felt much more comfortable with and tolerant of each other.Refer to Grace Park, Inc. The flextime GPI introduced is _______.
Read DetailsSunshine Desserts is in its first year of business. Startup…
Sunshine Desserts is in its first year of business. Startup expenses have been greater than expected and sales are still slow, and the owner is worried she won’t be able to pay the utility bill. What type of financing would you recommend for this small business?
Read DetailsThe Dapper Gentleman, Inc. Quinn buys companies that are sma…
The Dapper Gentleman, Inc. Quinn buys companies that are small or in financial trouble. He helps these companies turn around and develop a competitive advantage. He recently purchased a company called The Dapper Gentleman, Inc., which sells men’s clothing and accessories. The Dapper Gentleman keeps the sewing machines for clothes manufacturing at a separate production facility so that the store location space can be reserved for display and selling. After looking over the different products available, Quinn realized that the company’s previous owner did not understand the concept of the product life cycle because the company kept items that were obviously outdated and out of style. In addition, due to high turnover, employees did not have good knowledge of the different product lines and did not know the difference between a product line and a product mix. To move the company forward, Quinn thought of the following two measures: first, developing a new product to incorporate into the product mix; and second, eliminating the out-of-date products. Refer to The Dapper Gentleman, Inc. If Quinn wanted to develop a new product, he should begin with _______.
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