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Management - Assignment Example

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Baruch College Prof. Booke Department of Management Fall 2012 Mgt 3120 ETRA TAKE HOME ASSIGNMENT #1. This assignment is worth 4% of your term grade. Read each of the scenarios carefully and answer each to the best of your ability. Each scenario should be answered in a maximum of one page or a total of five pages for the assignment…
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Management Assignment
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Download file to see previous pages 3120 ETRA Prof. Booke September 11, 2012 (About two – three inches below, type and sign the following statement): By my signature below, I hereby certify that this is my own individual work and it has been completed without anyone else’s assistance. Print Your Name Your Signature Baruch College Prof. Booke Department of Management Fall 2012 Dealing With Dilemmas in Business Read the scenarios below and then answer the questions that follow. As you read, please understand that there isn’t any particular right or wrong answer to the questions. Rather, this is an assessment of your ability to recognize and resolve important issues that you might encounter in the business world. Please answer each question as fully as you can in complete sentences. Do not assume any specific facts except those provided in the introduction and in each individual scenario. Do not assume that facts in one scenario can be applied to any other. This is to be an individual assignment and should not be discussed with anyone. Introduction (applies to the first three scenarios) Robert is the managing partner of a small accounting firm called Accountants LLC. The firm, based in downtown Manhattan, employs 10 accountants and a 5-person support staff. It provides accounting and audit services throughout the metropolitan area. Scenario A After the company enjoyed a good year in 2010, Robert was thinking about giving bonuses of 15% for all members of his staff. Early in 2011, Robert received an e-mail from his cousin, Nancy, who graduated from Baruch College with a BBA in accounting in December 2010. Nancy is in the United States on a student visa. She tells Robert that if she does not get a permanent job in the United States within two months, she will have to return to her country of birth where there is little work for American-educated accountants. Although Accountants LLC was not specifically looking for an additional accountant, and after thinking about it for some time, Robert decides to hire Nancy as a entry-level accountant in order to allow her to remain in the United States. To find funds for hiring her, Robert decides to forego awarding the 15% bonuses he was considering and instead orders a bonus of 12%. 1. What do you see as the issues raised by the facts in the scenario? Describe as many as you see. There is a perceived circumvention of the law that Nancy was employed only to ensure her stay in the country. The other employees are deprived of their rightful increase because of one person. There is the issue of nepotism because Nancy’s hiring was mainly because of Robert’s cousin. 2. What do you see as the consequences of Robert’s decision? There will be overemployment since there is no need for another accountant that will further cost the company by compensating an unnecessary employee. The other employees may be also possibly alienate Nancy upon knowledge that their bonus was cut down because of her. 3. What alternative courses of action did Robert have? Robert may have opted to forego his cousin’s plea since he does not need a new employee. Further, her addition may be detrimental to the dynamics of the company. 4. If you had been in Robert’s place, what would you have done? Explain. If I were Robert I would first look at Nancy’s qualifications and find out if she could possibly be an asset to the company. If I find that she will not ...Download file to see next pagesRead More
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