Essays on Top Managers

The ethics behind the space exploration frenzy has remained persistent for many years now. However, never has space exploration elicited more debate, controversy and calls for abandonment than the days that followed the space shuttle Challenger accident. Seeking to improve its record of sending manned mission to space, the United States, through the National Aeronautics and Space Administration (NASA), sought to send a crew of seven astronauts to a space expedition whose aim, as it always been, seeking to explore and understand the outer space.

Background Information

The lift off from the launch pad at the Kennedy Space Center was televised ...

Question 1

Management information system [MIS] is an integrated system that helps the management with relevant information to plan and make decisions in order to run the business more effectively and efficiently (Becerra-Fernandez and Leidner, 2014 p.42). The core aim is to make raw data into useful information that helps in managerial decision-making. That being said, the functions of MIS are data capturing, data storage, data processing, data and information distribution, prediction or forecasting, planning, and control (Leon, 2008 p.328). Data processing is the process of gathering data from various sources; this may include customer touchpoints like stores and e-commerce sites, ...

1.1. The problem presented in the case was how the Chief Learning Officer (CLO) Tom Pederson, would transform the company by developing a strong company culture. Coming from a long history of struggles, employing talent of varying cultures to help get them thru the challenges they faced, the bank is now faced with the dilemma of how to merge these cultures to come up a with a unified organization. Pederson also had hesitations about the newly-implemented performance evaluation program, which is the first time employees are rated against the company’s vision and values. 1.2. As mentioned, one of ...

Introduction

Leadership in the business plays a critical role in offering the direction to the organization, motivation to the workers, and in fostering internal relationship and smooth production (Adrian, 2011). The management plays the dual roles of structural and systematic directives as well as leadership roles along the socio-cultural perspectives. The roles and effective responsibilities of the directorship in the organization is critical in improving the business response and crisis management. Crisis may arise in the firm because of various reasons that can be centered in the internal enterprise operations or from the external factors associated with the industry operations ( ...

Executive Summary

Organizational change is the best approach for Wengart to take if it is to eliminate customers’ complaints and create a motivated workplace environment. In spite of the fact that its leaders seem to disapprove the ability of TQM model to create desired changes, it is imperative that all managers understand that one of the essential qualities of leaders is the ability to transform theoretical knowledge into practice through critical thinking. Kotter’s eight stage change model, in this case, improves the ability of every stakeholder to act accordingly since the model provides clear guidelines on how Wengart could develop ...

Krispy Kreme is a well-known company that was founded in 1933 in Paducah, Kentucky. Krispy Kreme became a regional chain in the 1940s and in 1973 there were already 94 company owned stores and 25 franchises. However after the death of Vernon Rudolf, who was one of the Krispy Kreme’s founders, the company went through several troublesome periods some of which resulted in the failures that could not be easily resolved and required demonstration of the strong leadership from the top managers. When analyzing the case study it seems that Krispy Kreme’s top managers failed to build ...

Financial crisis of 2008 was caused by one of the biggest managerial mistakes, and some people think that the crisis is not over yet. The financial crisis of 2007-08 was caused because many wrong decisions were made by the top managers of Wall Street banks and institutions, and government officials that tried to support the shadow banking system. Before the crisis, Wall Street banks and funds were trying to maximize their revenues, and they found some gaps in the existing regulations, which helped them trade high-risk securities with almost no limitations. Some banks and funds have invested billions into ...

The Enron bankruptcy scandal is a great example of the Mishkin’s concerns about asymmetric information problems. The key reason of the Enron scandal was that the management knew about huge financial losses of the company, but with help of various loopholes in accounting and poor financial reporting, top managers succeeded in hiding billions of dollars of financial losses and failed projects. This has created a situation characterized by the availability of asymmetric information, described by Frederic S. Mishkin in all the details. Enron was one of the largest and known audit companies in the world, and other top ...

Information Systems Model for Gustavus’s VASA case Study

Executive Summary Management information systems are tools that focus on the organization, the people, and the technology in the management. They help the managers in making critical decisions in the aspects of management by offering valuable data that can increase the relevance and the accuracy of the business decisions and the actions taken in an organization. The report will cover the critical management information tools that could have been employed in the Gustavu`s VASA case study. The case study entails the building of a Swedish ship that sank after covering 1400 yards on its maiden voyage 300 years ...

An overview of the topic.

In the recent past, power and politics at the office place is becoming popular at an alarming rate. Office politics are played to help the executives and managers to attain an added advantage for a cause they support. For a long period, the term, “office politics” has been having a negative connotation because it is highly linked to strategies used persons to seek advantage at the expense of others. On the other hand, it can be said that good “office politics” serves to help an organization achieve its objective and goals through effective networking and stakeholder management (Hickey & Mohan, ...

Tesla’s business model is very difficult to put into practice in the current general environment, because there are many factors that influence the development of technology and automotive industry upon which Tesla’s strategic decisions depend. The company introduced very innovative and costly cars and now it is important that in the key markets there will be a very strong upper middle class. If the global economy and the economies of the developed countries continue to grow, Tesla will have much many business opportunities. One more economic factor that is going to have a very positive impact on ...

LEGO is a Danish company that was founded in 1916. Now this company is very popular around the world thanks to the legendary bright construction toys that develop imagination of the children. However, LEGO has been experiencing a very large number of problems since the late 1990s. In the case study the central focus is given to the LEGO’s business strategy that failed to respond to the changed buying habits and globalization issues that significantly reshaped the toy industry. Some of the reasons of the LEGO’s failure include the decision to open one more own plant in ...