Describe how one can “step into the shoes” of another in order to empathize
What will be an ideal response?
The important part of empathy is to understand what the consumer experiences in an event. Empathy may involve observation that can be documented in a variety of ways. Methods explained in the book include the AEIOU process or the empathy map. Observation can lead to insight, which provides the path to creating the solution. In addition to observation, the entrepreneur can also ask clarifying questions through conversation or interviews. Observation will include everyone affected by the process.
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Gary Hamel believes that identifying and challenging debilitating core beliefs that people have about an organization can be helpful in improving management
A. rewards. B. innovation. C. restructuring. D. planning. E. motivation.
In a restructuring it is possible that managers may use the opportunity to write down assets that do not even relate directly to the restructuring action. Why might a manager decide to write down an asset that is not included in the restructuring action?
a. The manager is practicing conservatism. b. The write down relieves future periods of depreciation expense, which increases cash flows. c. Normally the stock market reacts positively to restructuring and the greater the amount the better. d. The write down relieves future periods of depreciation expense, which increases earnings.
Criminal penalties can be imposed on those who prepare fraudulent financial statements
Indicate whether the statement is true or false
Many U.S. companies now use social media tools for marketing purposes. Demonstrate your knowledge of social media by describing a small company and the ways you would use social media to produce, promote, place, and price your goods or services.
What will be an ideal response?