BUSN412 Week 7 Managing Innovation, Fostering Corporate Entrepreneurship - You Decide PLEASE DOWNLOAD HEREScenario, Your Role, Key PlayersYou are Betty. Based on the scenario above you should:a. Explain to the bank exactly what is occurring at EZ.b. Say nothing and continue the status quo.c. Talk to Ryan and explain your concerns.d. Give hints to the bank about EZs situation.e. Attempt to cover up the problems and stall the banks auditors.ActivityIn Week 7, work with your team, compose a 2-3 page team paper based on eachof your individual answers describing what, ethically speaking, you would do iffaced with this scenario.Submit only one team paper to the Week 7 Assignments Dropbox located on thesilver tab at the top of this page. For instructions on how to use the Dropbox, readtheseStep-by-Step Instructions or watch thisDropbox Tutorial.See Syllabus/"Due Dates for Assignments & Exams" for due date information.Grading Rubric:CategoryPointsDescriptionUnderstanding60Demonstrate a strong grasp of the problem at hand. Demonstrate understandingof how the course concepts apply to the problem.Analysis60
Apply original thought to solving the business problem. Apply concepts from thecourse material correctly toward solving the business problem.Execution20Write your answer clearly and succinctly using strong organization and propergrammar. Use citations correctly.Total140A quality paper will meet or exceed all of the above requirements.BUSN412 – Week 7 You Decide TranscriptScenarioBetty King is the new controller at EZdot.com. The previous controller was firedfor “incompetence.” Ezdot.com has some severe cash-flow problems that havebecome exacerbated by the recent acquisition of another firm. The financials ofboth EZ and the other firm are as clear. The new company has 450 employeesthat have a “can do” attitude. EZ’s bank is seriously concerned about thecompany’s viability. Betty discovers that her new boss, Ryan Roberts, who is EZ’spresident and major shareholder, is holding a substantial amount of checks fromcustomers in his desk without telling her. Ryan also plays with the firm’s float on adaily basis. (Float is the money that is used on a day-to-day basis for operations.)It’s close to tax time. The bank wants to know what is occurring and has ameeting with Betty today.Your RoleYou are Betty King. Based on the scenario, you should:1. Explain to the bank exactly what is occurring at EZ.2. Say nothing and continue the status quo.3. Talk to Ryan and explain your concerns.4. Give hints to the bank about EZ’s situation.5. Attempt to cover up the problems and stall the bank’s auditors.Key Players Key Players
Text for Audio RecordingRyan Roberts PresidentYes, I am holding a substantial amount of checks from customers in my desk, butwhat’s the problem with this? I’m the president and a major shareholder, so Idon’t think this should be a big concern for you.John Smith BankerIt seems as though someone at EZ is playing with the firm’s float on a daily basis.This is the money that is used on a day-to-day basis for operations. We havesome concerns here at the bank and want to get to the bottom of this at ourmeeting today.Activity:Write a 2-3 page paper describing what, ethically speaking; you would do if facedwith this scenario.