...Previous CEO Leaving When an employee leaves without anyone really knowing what happened the speculations start to fly and before you know it people start taking these rumors as the truth. So when you have a CEO step down abruptly you usually jump to the conclusion that they did something wrong and were asked to step down and this is not always the case. The quickest way to stop the rumors is to address the event that occurred for the person to leave. This is an easier task for Target unfortunately in light of the recent credit card data heist which was noticed on a global scale there wasn’t a whole lot of light to shed. Something really bad had happened and they looked into it and found and corrected the error and the CEO while not directly responsible for the data heist felt responsible and stepped down. Confirming this would end the need for rumors and then also allow a platform to announce the company’s standpoint moving forward and their plan to replace the CEO. Plan for Replacing the CEO When there is a plan in place for replacing the CEO this may not be all employees need to know but upper management would need to know that there has been forward motion on this topic and how to respond to employees should they ask a question about what’s happening next or where the company is what with selection, granted this is not typical. A general announcement should be given to show that the company is looking for a new CEO and what they are looking for in the next CEO and where...
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...“I will instruct you and teach you in the way you should go; I will counsel you with my eye upon you.” (Psalms 32:8, Amplified Bible). The Bible has a profound effect on people. To the believer, it is the word of God and is used as a blueprint as to how we should live our lives. Although the bible is full of teachings, sometimes we forget to lean on it and instead lean on our own understanding. After reviewing the decision Ramona is facing in regards to signing a contract with Next Step, it can be determined that God is displaying all of the signs of what she should decide. However, the message can become an unclear when $80,000 is the starting salary. Looking at this from a Christian’s perspective, Ramona should not sign the contract with Next Step because of the lack of ethics, honesty, and integrity from the CEO and company affiliates. Every organization or company has a purpose, a reason why, that is typically described in the mission statement. The mission statement helps to create the corporate culture, or organizational culture. “Corporate culture is a powerful way for an organization to define itself, create high morale, uniformity among its employees, brand recognition among its customers and set itself apart from its competitors” (Sadri, 2014). In order to create a corporate culture, it must first start with the leadership. “So he shepherded them according to the integrity of his heart, and guided them with his skillful hands” (Psalms 78:72, Amplified Bible)...
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...Mr. Joe Johnson, CEO of John Angel Investments, LLC, is in the process of creating a portfolio of new age companies that represent the technologies of tomorrow, and has good ideas as well as minimal risk but give the capital requirements very high and a great return on investments. The information that is given in this proposal will be put on the website to gain more companies coming in. Ms. Samantha Smith, SFO of Johnson Angel Investments, LLC, also works for the company and responsible for the financial organization of the company to make sure that they return is promising and that the companies that come in to invest between $100,000 and $250,000. Mr. Johnson is not interested in angel investors that are at the starting stages of investing and if the maximum is over $250,000 then Mr. Johnson will need additional support from other angels for the entrepreneur’s idea. However, if the concept is not proven and the sales are not more than $100,000 then Johnson Angel Investments, LLC will not invest. I have been hired as the Vice President of Johnson Angel Investments, LLC to help select investments and determine the viability of the business ideas that come into so Mr. Johnson can say yea or nay to the idea and or investment opportunities so the following is the proposal ideas: Investors are important to Johnson Angel Investments, LLC and the right criteria that they hold. While Johnson Angel Investments, LLC is looking at those companies whether small or large corporations...
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...Compare Chapters 2 and 5 What the Best CEOs Know Written by Jeffery A. Krames The purpose of this paper is to compare and contrast two very successful corporate leaders within the IT industry based on the book What the Best CEOs Know (Krames, 2003). Chapters two and five cover Michael Dell from Dell Computer Corp and Andy Grove from Intel Corp, respectively. We will look at five topics including their main contributions, resistance encountered, similarities, differences, and significant factors. Michael Dell knew as a young man it was critical to focus on customer needs. His concept of cutting out the “middleman” to improve information flow was genius and not common to the computer industry (Krames, p. 58). Dell’s strategy of listening, responding, and delivering on customer needs proved very successful. The CEO talked to customers as often as possible and used technology to his benefit (Krames, p. 61). The Internet was used extensively to reach customers globally for ordering, demand forecasting, and to gain product feedback. Dell’s efficient use of technology and the direct marketing model minimized overhead. The cost efficiencies gained were passed on to the consumer and helped quickly differentiate Dell from its competitors (Krames, p. 62). These concepts also helped Dell remain responsive and agile as they grew exponentially. The CEO was successful at inspiring his workforce and organizing around the customer (Krames, pp. 68-70)...
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...Most transitions from CFO to CEO take place when “the agenda becomes financial” such as during periods of financial instability. And most CFOs rise to the top job in their incumbent companies. CFOs say they are better equipped professionally to contribute to richer discussions about strategic innovation around the boardroom table than, say, ten or so years ago. Their board-level peers now turn to CFOs during those strategic discussions to provide not only financial data from inside and outside the firm, but also a rigorous analysis of data that probe the strength and weaknesses of past, present as well as future strategies. In other words, CFOs are expected to fulfill a much more forward-looking visionary role than was once the case. As far as measuring and monitoring of investments in innovation are concerned, it may seem counterintuitive that finance executives aren’t focused solely on financials. According to the CFOs interviewed for this report, the intangible benefits of an innovation can far outweigh the financial benefits – for example, by satisfying customers’ needs, supporting sales and marketing efforts or bolstering corporate social responsibility initiatives – and CFOs are comfortable with this. * If you hire a CFO from your own company, the CFO already knows the business and how it functions at the executive level. He may know the other executive staff and the board of his directors from his time as a CFO. He may also have a clear grasp of the companies financial...
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...control. Each one of these functions is applied to make sure that the organization is successful with hitting the goals, within the organization. This helps with employees, managers, supervisors and also human resource, to make sure that the organization is successful and the organizational goals are achieved. The company that I have worked for is called Insurance Quote Exchange; I will discuss how this organization used the five management concepts within the organization. Insurance Quote Exchange was a very small organization, it consisted of the CEO, human resources, manager of sales, manager of marketing, marketer, manager of technology, supervisor for customer service, and sales representatives. This organization consisted of twenty -five people, and I was the only customer service representative in the organization. Planning was important in this organization, there was many meeting being held with the CEO, human resources and all of the managers in each department. Insurance Quote Exchange was and website lead provider for insurance agents, many of the meetings consist of technical change to the website, competition between other lead providers and profits be made by the organization. They planned and had many meetings, they made sure to examine the strengths and weaknesses within the organization. According to Baack (2014) “Managers use planning to choose appropriate organizational goals and identify courses of action to best...
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...work to address ethical breakdowns by current leaders, looking at why the breakdowns occurred, and whether or not this was due to using a particular style that did not work. It will discuss the concepts of the traits and behaviors in terms of what it takes to be a great leader, and look at the question of whether or not an individual may behave in an unethical manner in their personal lives but still remain a great leader. Keywords: ethical leadership, leader, unethical behavior, ethical breakdowns, current leaders, reasoning Ethical Leadership It is believed that ethical breakdowns in leadership occur as a result of three distinct issues; that leaders are not stopping to check to see whether they are acting in the best interests of the company or themselves, that they are not treating complex situations in the appropriate manner, and that they are not looking at decisions in terms of their far reaching consequences (O’Brien, 2012). The volume of ethical breakdowns in leaders seem to have increased in recent years, and by reviewing the contexts of those breakdowns it will be possible to determine the reason the breakdown occurred; once several of these situations have been explored, it will be possible to see whether or not it is still possible for an individual to be a great leader following an ethical breakdown. Looking first to Wall Street, it is clear that abuse of public trust has run rampant, but it is not the CEOs of the company, the individuals whose unethical decisions...
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...Organizational Structure Now in this section I will be discussing about Telus CEO Darren Entwistle whose outside board besides running Telus is being on the board at George Weston Ltd, who has been the CEO for 12 years (since 2000) and the board of directors like R.H. (Dick) Auchinleck who is one of the corporate directors and whose outside board includes Conoco Phillips which is an oil and gas company. He was also was the president and CEO of Gulf Canada till his retirement in 2001 after 25 years, as well he has sat on the board for Enbridge income fund holding Lnc. He currently hold 55,339 shares from Telus and has bachelor of applied science from University of British Columbia. He has been on the board of directors for Telus for 10 years (since 2003). R. John Butler whose Primary employment is an Attorney/Counsel. His outside boards include the Liquor stores NA Ltd, and is the chair of the Canadian Football League Board of Governors. He has been on as a director of Telus for 18 years (since 1995) making him one of the longest board of directors for Telus and hold 37,451 Telus shares. His education includes a bachelor in Art and Law from the University of Alberta. Last but not least we have A. Charles Bailie whose principal occupation besides being a part of Telus’ board of directors he is a chair at the Alberta investment management corporation. He has been a director for Telus for 9 years (since 2003).The other boards he sit on besides Telus is the Canadian National...
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...dropping. If these problems are not fixed, Abercrombie & Fitch is expected to be no more. Abercrombie & Fitch is well known for their sex appeal. Their store walls are decorated with photographs of good-looking, naked, young people. With that, many of their stores have half naked models who welcome people in at the front of the store. This sex appeal has been a topic of discussion in the media for quite some time. The majority of people see this as a huge marketing problem. The marketing goal of the company, as said by former CEO Mike Jeffries, is “We want to market to cool, good-looking people. We don’t market to anyone other than that.” This statement was one that made the public extremely uncomfortable. Their photographs have caused young people to be attracted to this sex appeal long before they should be. The media, concerned parents, and many others have attacked the company for this. Many people believe that Abercrombie & Fitch has contributed to young people being sexually active at an earlier age. Abercrombie & Fitch is well known for its logo. For many years, teens wore their clothing and proudly showed off their logo. However, within the last few years, logos have dropped out style. Teens these days are more concerned with looking older than looking their own age. Their clothing may have appealed...
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...Abstract Michael Dell and Andy Grove are two of America’s leading CEOs. The nature of this paper is to compare and contrast these individuals on several elements such as their similarities, resistance and contribution to their respective organizations, and to discuss what factors impacted their success. Contributions to the field At a young age Michael Dell showed his entrepreneurial skills by starting a stamp catalogue business and again in college by starting a computer business from his dorm room. This led him to become the youngest CEO of a Fortune 500 company in the early 1990s. Michael Dell was instrumental in getting his organization to use the direct model of “mass customization” (Krames, 200, p. 59) thus giving the customer what they wanted, not what they think they wanted. Along with the revolution of the internet Michael Dell used that medium to his organization’s advantage and did so with great success to this day. Andy Grove at a tender age turned out to be an exceptional individual, and he overcame several factors outside of his control and was still able to become one of America’s most successful immigrants. His contribution to his organization still continues to evolve and grow especially his vision of continuous change. Andy Grove’s definition of a Strategic Inflection Point (Krames, 2003, p. 140) is change so big that no one knows what the change is, but the organization had to adapt to this change. Encountering resistance In 1989, Michael Dell...
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... When the opportunity appeared, Adam realized that he could create something of his own. The new venture, in which he had successfully persuaded SES to invest to and had seemed only fair for Adam that he should be appointed as the CEO of the chain hotels but the phrase that was said to him by his employer and mentor, Merwyn, disappointed Adam deeply. Since Adam is the brain of the business venture it seems indeed fair that he should be the new CEO of the hotel chain. II. Objectives We will be able to find out the best solution that would fit the situation of the two good friends without affecting their relationship. We could identify the proper approached to be exercised in situations like this. We will be able to find out what is the right decision that Adam Baker will be choosing. If either he will pursue to Merwyn that he must be the new CEO of the hotel chain or he will just accept the decision of Merwyn that he be more experienced for him to be able to handle to task of a CEO. III. Issues/problems The first issue in this case is whether Adam wants to get the CEO Job or wants to be the CEO. There’s a difference. Does he want the title so that he can have more status, or would he find the role meaningful and fulfilling? Being a CEO is a tough job. You have to make hard decisions. You have to watch what you say in every meeting. If Adam is mainly after the title and the status, he won’t...
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...Analysis: Micky Arison and the Costa Concordia Tragedy The former CEO of Carnival Corp. faced one of his biggest challenges when the Costa Concordia cruise ship began to sink off the Italian coast in January 2012. His actions at the time caused a bit of hype in the public eye. People wondered why Micky Arison wasn’t taking a more public role during the incident. From across the seas Mr. Arison expressed his condolences to victims via Twitter and in company news releases. He also gave his personal assurance that Carnival would take care of the passengers, crew and the victims and announced a comprehensive safety audit (Kinicky, Williams 92). Mr. Arison is known to be a big delegator. His management style is relatively less involved with the operating decisions of the multiple cruise lines named under Carnival Corporation. When the cruise ship crisis was reported he chose to stay in Miami and leave the immediate response decisions to the executives of that division as to avoid becoming a distraction in Italy (“Arison on Costa”). While another of the cruise ships under his domain was stranded at sea with diminishing resources Arison was publicly seen attending a Miami basketball game (Young). He was criticized for that seemingly negligent behavior as well. After stepping down from his position as CEO a year later, he went on to say that he would be taking an even less hands-on role by stating, “I’m going to be looking to Arnold to run the day-to-day corporate operations and I may...
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...mchen@arugulagrocers.com, rpatel@arugulagrocers.com Cc: knorton@evergreen.com Date: Monday, September 16, 2013 Subject: Meeting to discuss Arugula’s store integration Dear Arugula’s executive team and Evergreen executive team: On behalf of CEO of evergreen Kathleen Norton, I would like to congratulate everyone for this successful acquisition and welcome you into our company. I am looking forward to another great year and the bright future for Evergreen. Our CEO Norton would like to invite executives from Arugula and Evergreen to a meeting to discuss about the details of new stores integration. On checking of her schedule, our CEO Norton would like to know everyone’s availability on April 12th and April 13th . Please note that this is not a mandatory meeting, however, it would be really beneficial to attend this meeting since we will go through various topics on how to start the integration of the stores. If you have any question regarding the time schedule for the meeting, please feel free to contact jthompson@evergreen.com (Norton’s executive assistant) for clarification or rearrangement. The meeting will be held at Evergreen headquarters in Boulder. Again, I am extremely happy to have the Arugula executive team joined our company and I am looking forward to see all of you here. Sincerely, Kathleen Norton ==================== Kathleen Norton Chief Executive Officer of Evergreen. Co 17529 Rocky Mountain Way Boulder, Colorado 80309 Phone: (708)-322-3700 Fax: (708)-325-3701...
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...NORTHCENTRAL UNIVERSITY ASSIGNMENT COVER SHEET Student: Kenneth Moseley THIS FORM MUST BE COMPLETELY FILLED IN Follow these procedures: If requested by your instructor, please include an assignment cover sheet. This will become the first page of your assignment. In addition, your assignment header should include your last name, first initial, course code, dash, and assignment number. This should be left justified, with the page number right justified. For example: DoeJXXX0000-1 1 | Save a copy of your assignments: You may need to re-submit an assignment at your instructor’s request. Make sure you save your files in accessible location. Academic integrity: All work submitted in each course must be your own original work. This includes all assignments, exams, term papers, and other projects required by your instructor. Knowingly submitting another person’s work as your own, without properly citing the source of the work, is considered plagiarism. This will result in an unsatisfactory grade for the work submitted or for the entire course. It may also result in academic dismissal from the University. | | MGT7019-8 | Dr. Angie Sokol, PhD | | | Ethics in Business | MGT7019-3 | | | <Add student comments here> ------------------------------------------------- ------------------------------------------------- Faculty Use Only ------------------------------------------------- ...
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...Summary This case, written by Bill George and Andrew McLean, discusses the company Amgen, a pharmaceutical company based out of Southern California. The company, under its CEO Kevin Sharer, was experiencing high growth, during 2005, and Kevin was looking at ways to keep his company growing into the future. Some of the things he was looking at was shifting the company from a science based pharmaceutical company to a marketing based one, what risks he would have to take to continue high growth, could his executive team keep up with company growth, and how would his leadership style have to adapt to continue growth. Most of all, he was thinking about who would succeed him as CEO. He had spent seven years understudying the previous CEO before taking the reins and he had to start to think about who would be capable enough to takeover for him and led the company into the future. Personal Takeaways - I enjoyed the quote from Kevin Sharer about MCI, “MCI was a highly political place where you had to be a good knife fighter, which I’m not.” I thought the quote was an interesting and maybe extreme take on office politics - I found it interesting that Kevin went to Amgen because he had no experience in the biotechnology field and he openly admitted that it took him his first five years on the job to really learn the technology that the company was producing. - I was impressed with Kevin’s commitment level to his job at Amgen. He had to completely change his ways in order to fit in...
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