Explain how the business judgment rule applies to the boards of homeowners' associations
?The courts have begun deferring to the boards of the associations so long as the board holds meetings, obtains the necessary information (such as bids, expert opinions, etc.) prior to making decisions, and follows appropriate procedures in making decisions, including following processes such as notice and seeking input. The courts are, in effect, applying corporation law to these boards to allow them some latitude and room for judgment if the boards are acting responsibly even though reasonable minds could differ on the board's decisions, actions, and choices.
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Discuss why stealth marketing is unethical
What will be an ideal response?
Toyota took over the General Motors plan in Fremont, California. They were able to reduce defects, cut absenteeism, and cut costs. Which of the following reasons was not attributed to why change was successful in this example?
a. command-and-control worked effectively b. effective bottom-up approach c. full top management support d. workers came up with ideas
The positioning process:
A) must be continually modified to match customer wants and needs B) is a fixed value-added process conducted by the salesperson C) involves isolation from the competition D) is performed by the customer in the buying cycle E) should be performed every five years
To create a strategy-supportive system of rewards and incentives, a company must
A. incorporate negative motivational elements to assure results. B. demand jobholders' 100 percent attendance since it guarantees results. C. reward people for accomplishing results, not just for dutifully performing assigned tasks. D. focus jobholders' attention and energy on what to do as opposed to what to achieve. E. hold jobholders responsible for their function and not burden them with being accountable.