Mgt 526 all discussions uop course guide uopstudy.com
1. MGT 526 All Discussions
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MGT 526 Wk 1 Discussion - Management Approach
Post a total of 3 substantive responses over 2 separate days for full participation.
This includes your initial post and 2 replies to other students or your faculty member.
Due Thursday
Respond to one the following scenarios outlined below in a minimum of 175 words:
Due Monday
Reply to at least 2 of your classmates or your faculty member. Be constructive and
professional.
Summary
Let's leverage this discussion thread to gather the concepts and content from Ch. 1 and/or
Ch. 6 that we may need to complete our assignments and that will most benefit us in
advancing our careers. Avoid reading word-for-word, and use the following questions and
scenarios to guide your inquiry.
Resources
Jones, G. R., (2020). Contemporary management (11th ed). New York, NY: McGraw-Hill
Education
Instructions
Do not start a new thread. Select one of the following scenarios, develop a response,
then post the response as a reply to this discussion starter. Limit your response to 175 to
300 words, demonstrate understanding of and use APA formatting to cite the required
2. readings or other credible sources that you apply, and look for opportunities to engage
with and learn from others.
***Note: Please include the name of the scenario that you are responding to so that we all
know which prompt you are discussing. For example, Scenario 2: Management
Levels.***
Remember: Students need to contribute three substantive posts in this discussion by the
due dates indicated above. The substantive posts can be any combination of responses
and replies. This includes your initial post to a scenario prompt and 2 replies to other
students.
_______________________________________________________________________
__________________________________________
Scenarios
Scenario 1: Functions of Management
According to Jones, G..R. (2020) the outcome of the control process is the ability to
measure performance accurately and regulate organizational efficiency and effectiveness.
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Discussion:
Consider the 4 functions of management (e.g., planning, organizing, leading, and
controlling).
How would you characterize your current or past supervisor’s approach to
management? For example, which particular management tasks and roles does this
person perform most often? What management skills does the manager have? How does
this approach affect a global environment?
Scenario 2: Management Levels
To perform the four managerial tasks efficiently and effectively, organizations group or
differentiate their managers in two main ways—by level in hierarchy and by type of skill.
The three levels of managers are first-line managers, middle managers, and top
managers—arranged in a hierarchy (Jones, G. R., 2020).
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Discussion:
3. Describe the difference between efficiency and effectiveness and identify real
organizations you think are, or are not, efficient and/or effective.
In what ways can managers at each of the three levels of management contribute
to organizational efficiency and effectiveness?
Scenario 3: Managerial Skills
Jones, G. R. (2020) notes today, continuing management education and training,
including training in advanced information technology (IT), are an integral step in building
managerial skills, because new theories and techniques are constantly being developed
to improve organizational effectiveness
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Discussion:
Distinguish between three kinds of managerial skills, and explain why managers
are divided into different departments to perform their tasks more efficiently and
effectively.
Identify an organization that you believe is high performing and one you believe is
low performing. Give five reasons why you think the performance levels of the two
organizations differ so much.
Scenario 4: Managerial Roles
Jones, G. R. (2020) notes managerial roles include three key types as identified by
Mintzberg: 1). Decisional managerial roles; 2). Interpersonal managerial roles; and 3).
Informational managerial roles.
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Discussion:
1. In what ways do you think managers’ jobs have changed the most over the last 10
years? Why have these changes occurred?
2. Are the tasks, roles, and skills of your supervisor are appropriate for the particular
job he or she performs? How could your manager improve his or her task performance?
3. If you were opening a new restaurant:
Determine what each partner’s managerial role in the restaurant will be. For
example, who will be responsible for the necessary departments and specific activities?
Describe your management hierarchy.
References
4. Jones, G. R., (2020). Contemporary management (11th ed). New York, NY: McGraw-Hill
Education.
For More Classes Please Visit
http://www.uopstudy.com/
MGT 526 Wk 2 Discussion - Stockholder Reports
Post a total of 3 substantive responses over 2 separate days for full participation.
This includes your initial post and 2 replies to other students or your faculty member.
Due Thursday
Respond to one the following scenarios outlined below in a minimum of 175 words:
Due Monday
Reply to at least 2 of your classmates or your faculty member. Be constructive and
professional.
Summary
Let's leverage this discussion thread to gather the concepts and content from Ch. 8 and/or
Ch. 10 that we may need to complete our assignments and that will most benefit us in
advancing our careers. Avoid reading word-for-word, and use the following questions and
scenarios to guide your inquiry.
Resources
Jones, G. R., (2020). Contemporary management (11th ed). New York, NY: McGraw-Hill
Education.
Instructions
Do not start a new thread. Select one of the following scenarios, develop a response,
then post the response as a reply to this discussion starter. Limit your response to 175 to
300 words, demonstrate understanding of and use APA formatting to cite the required
readings or other credible sources that you apply, and look for opportunities to engage
with and learn from others.
5. ***Note: Please include the name of the scenario that you are responding to so that we all
know which prompt you are discussing. For example, Scenario 2: Planning Process.***
Remember: Students need to contribute three substantive posts in this discussion by the
due dates indicated above. The substantive posts can be any combination of responses
and replies. This includes your initial post to a scenario prompt and 2 replies to other
students.
_______________________________________________________________________
__________________________________________
Scenario
Scenarios 1: Stockholder Reports:
The global business environment is constantly evolving based on the forces in the general
and task environment. In order to sustain the company and maintain a competitive
foothold, organization leaders must consistently analyze the global environment and
adjust their strategy as needed. Managers play an important role in implementing
strategies to achieve a company’s mission and goals (Jones, G.R. (2020).
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Research a company with stockholder reports available. These reports can usually be
found on a company’s website. Use the report to answer the following questions:
Discussion:
What is (are) the main industry(ies) in which the company competes?
What business-level strategy does the company seem to be pursuing in this
industry? Why?
What corporate-level strategies is the company pursuing? Why?
Have there been any major changes in its strategy recently? Why?
Scenario 2: Planning Process
According to Jones, G. R.) 2020 to perform the planning task, managers identify and
select appropriate organizational goals and courses of action; they develop strategies for
how to achieve high performance.
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
6. Discussion:
Describe the three steps of planning. Explain how they are related.
How can scenario planning help managers predict the future?
Scenario 3: Business-Level Strategies:
Business-level strategy outlines the specific methods a division, business unit, or
organization will use to compete effectively against its rivals in an industry. For example,
General Mills’ Asia and Latin America division managers continue to develop growth
strategies for its Yoplait yogurt brand in the Chinese market (Jones, G.R., 2020).
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Discussion:
What is the relationship among corporate-, business-, and functional-level
strategies, and how do they create value for an organization?
What is the difference between vertical integration and related diversification?
Scenario 4: Corporate-Level Strategies
Jones, G.R. (2020) notes corporate-level strategy is a plan of action that determines the
industries and countries an organization should invest its resources in to achieve its
mission and goals. Managers of effective organizations actively seek out new
opportunities to use organizational resources to satisfy customer needs.
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Discussion:
Pick an industry and identify four companies in the industry that pursue one of the
four main business-level strategies (low-cost, focused low-cost, and so on).
Scenario 5: Strategies - Missions and Goals
Strategies involve choosing the industries and countries in which a company will invest its
resources to achieve its mission and goals. Based upon the results of a SWOT analysis,
managers at the different levels of the organization then select the corporate-, business-,
7. and functional-level strategies to best position an organization to achieve its mission and
goals (Jones, G. R., 2020).
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Discussion:
As it relates to the role managers play in implementing strategies to achieve your
organization’s mission and goals.
What kinds of planning exercises does he or she regularly uses.
What are the purposes of these exercises, and what are their advantages or
disadvantages?
References
Jones, G. R., (2020). Contemporary management (11th ed). New York, NY: McGraw-Hill
Education.
For More Classes Please Visit
http://www.uopstudy.com/
MGT 526 Wk 3 Discussion - Leadership Theories
Post a total of 3 substantive responses over 2 separate days for full participation.
This includes your initial post and 2 replies to other students or your faculty member.
Due Thursday
Respond to one the following scenarios outlined below in a minimum of 175 words:
Due Monday
Reply to at least 2 of your classmates or your faculty member. Be constructive and
professional.
Summary
Let's leverage this discussion thread to gather the concepts and content from Ch. 8 and/or
Ch. 10 that we may need to complete our assignments and that will most benefit us in
8. advancing our careers. Avoid reading word-for-word, and use the following questions and
scenarios to guide your inquiry.
Resources
Jones, G. R., (2020). Contemporary management (11th ed). New York, NY: McGraw-Hill
Education.
Instructions
Do not start a new thread. Select one of the following scenarios, develop a response,
then post the response as a reply to this discussion starter. Limit your response to 175 to
300 words, demonstrate understanding of and use APA formatting to cite the required
readings or other credible sources that you apply, and look for opportunities to engage
with and learn from others.
***Note: Please include the name of the scenario that you are responding to so that we all
know which prompt you are discussing. For example, Scenario 2: Effective
Leadership.***
Remember: Students need to contribute three substantive posts in this discussion by the
due dates indicated above. The substantive posts can be any combination of responses
and replies. This includes your initial post to a scenario prompt and 2 replies to other
students.
_______________________________________________________________________
__________________________________________
Scenarios
Scenario 1: Team’s Work Aligns to Business Strategy
Share you response in a minimum of 175 words and include citations. Be constructive and
professional.
Jones, G. R. 2020)One of management's responsibilities is to ensure their team’s work
aligns to the company’s business strategies.
Discussion:
What leadership theories have you seen used in your own workplace?
Which were most effective? Which were the least effective? Why?
How did the execution of these theories align with your company’s business
strategies?
Scenario 2: Effective Leadership
9. Share you response in a minimum of 175 words and include citations. Be constructive and
professional.
According to Jones, G. R. (2020) leadership is the process by which a person exerts
influence over other people and inspires, motivates, and directs their activities to help
achieve group or organizational goals. The person who exerts such influence is a
leader..A key component of effective leadership is found in the power the leader must
affect other people’s behavior and get them to act in certain ways.
Discussion:
What are the types of power that you have seen leaders use within your
organization?
How do effective leaders take steps to ensure that they have sufficient levels of
each type and that they use their power in beneficial ways.
Describe the steps managers can take to increase their power and ability to be
effective leaders
Scenario 3: Characteristics of an Excellent Leader
Jones, G. R. (2020) suggest traits show the strongest relationship to leadership, the
behaviors leaders engage in, and the limitations of the trait and behavior models of
leadership.
Share you response in a minimum of 175 words and include citations. Be constructive and
professional.
Discussion:
Who is your favorite leader (must be a real person, living or dead). Describe the
characteristics that make that person such an excellent leader.
Think of specific situations in which it might be especially important for a manager
to engage in consideration and in initiating structure.
Scenario 4: Characteristics of a Leader - Fiedler
Fiedler’s contingency model helps explain why a manager may be an effective leader in
one situation and ineffective in another. It also suggests which kinds of managers are
likely to be most effective in which situations (Jones, G. R., 2020).
Share you response in a minimum of 175 words and include citations. Be constructive and
professional.
Discussion:
10. Based on your experience and observation of a manager at your company or one
that you're familiar with discuss how the three situational characteristics that Fiedler
identified affected his or her ability to provide leadership.
Scenario 5: Transformational Leadership
Transformational leadership occurs when managers change (or transform) their
subordinates in three important ways: awareness of job importance, awareness of needs
for growth and development, and motivate their subordinates to work for the good of the
organization (Jones, G. R., 2020)
Share you response in a minimum of 175 words and include citations. Be constructive and
professional.
Discussion:
Describe what transformational leadership is and explain how managers can
engage in it.
Share an example of a company that has dramatically turned around its fortunes
and improved its performance. Determine whether a transformational manager was
behind the turnaround and, if one was, what this manager did.
Scenario 6: Innovation, Change and Leadership
Managing different people in an organization takes insight and support.
Share you response in a minimum of 175 words and include citations. Be constructive and
professional.
Discussion:
Imagine that you are working in an organization in an entry level-position after
graduation and have come up with what you think is a great idea for improving a critical
process in the organization that relates to your job. In what ways might your supervisor
encourage you to implement your idea? How might your supervisor discourage you from
even sharing your idea with others?
References
Jones, G. R., (2020). Contemporary management (11th ed). New York, NY: McGraw-Hill
Education.
MGT 526 Wk 4 Discussion - Organizational Structure
Post a total of 3 substantive responses over 2 separate days for full participation.
This includes your initial post and 2 replies to other students or your faculty member.
11. Due Thursday
Respond to one the following scenarios outlined below in a minimum of 175 words:
Due Monday
Reply to at least 2 of your classmates or your faculty member. Be constructive and
professional.
Summary
Let's leverage this discussion thread to gather the concepts and content from Ch. 10, Ch.
12 and/or Ch. 15 that we may need to complete our assignments and that will most benefit
us in advancing our careers. Avoid reading word-for-word, and use the following
questions and scenarios to guide your inquiry.
Resources
Jones, G. R., (2020). Contemporary management (11th ed). New York, NY: McGraw-Hill
Education.
Instructions
Do not start a new thread. Select one of the following scenarios, develop a response,
then post the response as a reply to this discussion starter. Limit your response to 175 to
300 words, demonstrate understanding of and use APA formatting to cite the required
readings or other credible sources that you apply, and look for opportunities to engage
with and learn from others.
***Note: Please include the name of the scenario that you are responding to so that we all
know which prompt you are discussing. For example, Scenario 2: Conditions and
Structures.***
Remember: Students need to contribute three substantive posts in this discussion by the
due dates indicated above. The substantive posts can be any combination of responses
and replies. This includes your initial post to a scenario prompt and 2 replies to other
students.
_______________________________________________________________________
__________________________________________
Scenarios
Scenario 1: Types of Structures
12. Jones, G. R., (2020) note that different strategies often call for the use of different
organizational structures and cultures. Organizational structure is the formal system of
task and reporting relationships that determines how employees use resources to achieve
goals. Organizational culture is the shared set of beliefs, values, and norms that influence
the way people and groups work together to achieve organizational goals.
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Discussion:
Think of a company or organization you’re familiar with, perhaps one you’ve worked for or
even a place of worship or school.
Answer the following questions in a minimum of 175 words.:
What kind of organizational structure does the organization use?
What other structures discussed in the chapter might allow the organization to
operate more effectively? For example, would the move to a product team structure lead
to greater efficiency or effectiveness? Why or why not?
Scenario 2: Conditions and Structures
Organizations may change or determine that a structure is no longer appropriate or
requires change according to Jones, G. R. (2020).
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Discussion:
Would a flexible or a more formal structure be appropriate for each of these
organizations? (a) A large department store (b) a Big Five accountancy firm (c) a
biotechnology company. Explain your reasoning.
When and under what conditions might managers change from a functional to a (a)
product (b) geographic, or (c) market structure?
Scenario 3: Job Characteristics
According to Jones, G. R. (2020) J. R. Hackman and G. R. Oldham’s job characteristics
model explains how managers can make jobs more interesting and motivating. According
to Hackman and Oldham, every job has five characteristics that determine how motivating
the job is. The five Characteristics are Skill variety, Task identity, Task significance,
Autonomy, and Feedback.
13. Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Discussion:
Using the job characteristics model as a guide, discuss how a manager can enrich
or enlarge subordinates’jobs.
How might a salesperson’s job or an administrative assistant’s job be enlarged or
enriched to make it more motivating?
Scenario 4: Product Team Structure
Jones, G. R. (2020) note that, the dual reporting relationships of a matrix structure have
always been difficult for managers and employees to deal with. To avoid these problems,
managers have devised another way of organizing people and resources: a product team
structure.
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Discussion:
How do matrix structure and product team structure differ? Why is product team
structure more widely used?
Why is the product team structure is more widely used today?
Scenario 5: Organizational Culture and Structure
Jones, G. R. (2020) suggest that organizational culture influence employee performance
and customer service. Organizational culture is the shared set of beliefs, values, and
norms that influence the way people and groups work together to achieve organizational
goals.
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Discussion:
What is organizational culture, and how does it affect the way employees behave?
Identify the kind of organizational structure that a manager within an your
organization or one that you're familiar with uses to coordinate its people and resources.
Why is the organization using that structure? Do you think a different structure
would be more appropriate? Which one?
References
14. Jones, G. R., (2020). Contemporary management (11th ed). New York, NY: McGraw-Hill
Education.
For More Classes Please Visit
http://www.uopstudy.com/
MGT 526 Wk 5 Discussion - Technology in the Global Environment
Post a total of 3 substantive responses over 2 separate days for full participation.
This includes your initial post and 2 replies to other students or your faculty
member.
Due Thursday
Respond to one the following scenarios outlined below in a minimum of 175
words:
Due Monday
Reply to at least 2 of your classmates or your faculty member. Be constructive and
professional.
Summary
Let's leverage this discussion thread to gather the concepts and content from Ch.
10, Ch. 11 and/or Ch. 18 that we may need to complete our assignments and that
will most benefit us in advancing our careers. Avoid reading word-for-word, and
use the following questions and scenarios to guide your inquiry.
Resources
Jones, G. R., (2020). Contemporary management (11th ed). New York, NY:
McGraw-Hill Education.
Instructions
Do not start a new thread. Select one of the following scenarios, develop a
response, then post the response as a reply to this discussion starter. Limit your
response to 175 to 300 words, demonstrate understanding of and use APA
formatting to cite the required readings or other credible sources that you apply,
and look for opportunities to engage with and learn from others.
15. ***Note: Please include the name of the scenario that you are responding to so
that we all know which prompt you are discussing. For example, Scenario 2: IT
and Organizations with Many Layers.***
Remember: Students need to contribute three substantive posts in this discussion
by the due dates indicated above. The substantive posts can be any combination
of responses and replies. This includes your initial post to a scenario prompt and 2
replies to other students.
________________________________________________________________
_________________________________________________
Scenarios
Scenario 1: Demographic Forces and Technological Change
Share your response in a minimum of 175 words and include citations. Be
constructive and professional.
Discussion:
Considering the forces in the global environment, what might some of the
implications of demographic forces be for the industry you work in?
What are the advantages and disadvantages of technological change?
How can information technology lead to beneficial changes within the
workplace?
Scenario 2: IT and Organizations with Many Layers
According to Jones, G. R. (2020) to be useful, information must be of high quality,
be timely, be relevant, and be as complete as possible.
Share your response in a minimum of 175 words and include citations. Be
constructive and professional.
Discussion:
Why does a tall management hierarchy, when used as a management
information system, have negative effects on these desirable attributes?
What is the relationship between IT and competitive advantage?
Scenario 3: Rapid Advances in IT
16. According to Jones, G. R. (2020) rapid advances in IT have been associated with
a “delayering” (flattening) of the organizational hierarchy, a move toward greater
decentralization and horizontal information flows within organizations, and the
concept of the boundaryless organization.
Share your response in a minimum of 175 words and include citations. Be
constructive and professional.
Discussion:
Because of the growth of high-powered, low-cost wireless communications
and IT such as videoconferencing, many managers soon may not need to come
into the office to do their jobs. They will be able to work at home. What are the
pros and cons of such an arrangement?
Why is face-to-face communication between managers still important in an
organization?
Scenario 4: Implementation of Advanced Management IS
Many companies have reported that it is difficult to implement advanced
management information systems such as ERP systems (Jones, G. R., 2020).
Share your response in a minimum of 175 words and include citations. Be
constructive and professional.
Discussion:
Why do you think that this is so?
How might the roadblocks to implementation be removed?
What are the advantages and disadvantages of business-to-business
networks?
Scenario 5: Globalization and New IT
Jones, G/. R. (2020) note that recently, increasing globalization and the use of
new IT have brought about two innovations that are sweeping through U.S. and
European companies: electronically managed strategic alliances and B2B
network structures.
Share your response in a minimum of 175 words and include citations. Be
constructive and professional.
Discussion:
Describe the main kinds of IT that your organization or one that you're
familiar with uses on a routine basis at work.
17. Compare the pros and cons of using a network structure to perform
organizational activities versus performing all activities in house or within one
organizational hierarchy.
References
Jones, G. R., (2020). Contemporary management (11th ed). New York, NY:
McGraw-Hill Education.
For More Classes Please Visit
http://www.uopstudy.com/
MGT 526 Wk 6 Discussion - Social Responsibility
Post a total of 3 substantive responses over 2 separate days for full participation.
This includes your initial post and 2 replies to other students or your faculty member.
Due Thursday
Respond to one the following scenarios outlined below in a minimum of 175 words:
Due Monday
Reply to at least 2 of your classmates or your faculty member. Be constructive and
professional.
Summary
Let's leverage this discussion thread to gather the concepts and content from Ch. 4 that
we may need to complete our assignments and that will most benefit us in advancing our
careers. Avoid reading word-for-word, and use the following questions and scenarios to
guide your inquiry.
Resources
Jones, G. R., (2020). Contemporary management (11th ed). New York, NY: McGraw-Hill
Education.
Instructions
18. Do not start a new thread. Select one of the following scenarios, develop a response,
then post the response as a reply to this discussion starter. Limit your response to 175 to
300 words, demonstrate understanding of and use APA formatting to cite the required
readings or other credible sources that you apply, and look for opportunities to engage
with and learn from others.
***Note: Please include the name of the scenario that you are responding to so that we all
know which prompt you are discussing. For example, Scenario 2: Ethical Criteria.***
Remember: Students need to contribute three substantive posts in this discussion by the
due dates indicated above. The substantive posts can be any combination of responses
and replies. This includes your initial post to a scenario prompt and 2 replies to other
students.
_______________________________________________________________________
__________________________________________
Scenarios
Scenarios 1: Benefits of Social Responsibility
According to George and Jones (2020), a company’s stance on social responsibility is the
way its managers and employees view their duty or obligation to make decisions that
protect, enhance, and promote the welfare and well-being of stakeholders and society as
a whole. This includes the way the company handles changing demographics and
emerging technologies.
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Discussion:
What do you consider to be the top three benefits to social responsibility?
How does your organization implement social responsibility initiatives?
Scenarios 2: Ethical Criteria
Jones, G. R. (2020) note that Society as a whole, using the political and legal process,
can lobby for and pass laws that specify what people can and cannot do. Many different
kinds of laws govern business.
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
19. Discussion:
What is the relationship between ethics and the law?
Why should managers use ethical criteria to guide their decision making?
Scenarios 3: Business Practices, Ethics and Social Responsibility
Societal ethics are standards that govern how members of a society should deal with one
another in matters involving issues such as fairness, justice, poverty, and the rights of the
individual. Four main determinants of differences in ethics between people, employees,
companies and countries include: societal ethics, occupational ethics, individual ethics,
and organizational ethics (Jones, G. R. 2020).
Share your response in a minimum of 175 words and include citations. Be constructive
and professional:
Discussion:
As an employee of a company, what are some of the most unethical business
practices that you have encountered in its dealing with stakeholders?
What are the main determinants of business ethics?
From a managers perspective, what are the most important ethical rules a
manager within your organization or one that you are familiar with uses to make the right
decisions.
Scenarios 4: Dealing with an Ethical Dilemma
Jones, G. R. (2020) note that ethical dilemma is the quandary people find themselves in
when they have to decide if they should act in a way that is right and might help another
person or group, even though doing so might go against their own self-interest.
Share your response in a minimum of 175 words and include citations. Be constructive
and professional.
Discussion:
You are planning to leave your job to go work for a competitor. Your boss invites
you to an important meeting where you will learn about new products your company will
be bringing out next year. Do you go to the meeting? Explain your reasoning.
You’re the manager of sales in an expensive sports car dealership. A young
executive who has just received a promotion comes in and wants to buy a car that you
know is out of her price range. Do you encourage the executive to buy it so you can
20. receive a big commission on the sale or do you persuade her to buy a less expensive
model?
You sign a contract to manage a young rock band, and that group agrees to let
you produce their next seven records, for which they will receive royalties of 5%. Their first
record is a smash hit and sells millions. Do you increase their royalty rate on future
records?
References
Jones, G. R., (2020). Contemporary management (11th ed). New York, NY: McGraw-Hill
Education.