Select one of the young managers discussed in the text, and with an emphasis on how their out-of-the-box idea benefited their employer, describe how that person's entrepreneurial attitude and creative problem solving enabled them to rise through their organization’s hierarchy.
What will be an ideal response?
ANSWER: •Matthew Zubiller: A corporate strategist at a pharmaceutical company who started a high-tech health care business. He developed Advanced Diagnostics Management, which is a unit centered on a high-tech tool for physicians related to genetic testing.
•Kori Reed: A public relations manager at ConAgra who is an expert in child hunger. She used her existing knowledge of antihunger campaigns and interest in combating childhood hunger to identify an opportunity.
•Pam Rogers Klyn: A product development manager at Whirlpool who focused on cost control efforts. She advocated for a company-wide emphasis on cost savings, stressing small efforts like turning off lights and tying annual bonuses to cost goals.
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What is the chief advantage of online presentations?
A) There is no live audience. B) There are fewer opportunities for questions and answers. C) Information can be back channeled to all interested parties. D) It is easier and less expensive to gather an entire team at a moment's notice. E) Nonverbal communication feedback is enhanced.
Nearly everyone processes images they see more slowly than information they hear.
Answer the following statement true (T) or false (F)
Trend analysis is the forecasting of the firm's financial ratios for a future time period by using its
own ratios from previous periods. Indicate whether the statement is true or false
St. Vincent's, Inc., currently uses traditional costing procedures, applying $800,000 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow.ProductPool No.1 (Driver: DLH) Pool No. 2 (Driver: SU) Pool No. 3 (Driver: PC)Beta 1,200 45 2,250 Zeta 2,800 55 750 Pool Cost$160,000 $280,000 $360,000 The overhead cost allocated to Zeta by using traditional costing procedures would be:
A. $444,000. B. $560,000. C. $240,000. D. $356,000. E. None of the answers is correct.