Management principles and practices

¶ … Management . There scenarios. Read scenarios carefully answer ability. Each scenario answered a maximum half page. I make 3 PAGES, excluding cover page.( YOU DO NOT HAVE TO MAKE COVER PAGE, I WILL DO IT) I attach assignment file.

Scenario A

Members of staff would have to receive fewer bonuses in order for Robert to get funds for hiring. Robert has introduced nepotism in the firm, which might have devastating effects in the end. Nancy was offered a job, not because of her qualifications, but in order for her to remain in the United States. This is a poor decision since Robert is not sure if she can manage to perform her duties.

Robert placed family above his employees, which demonstrates his leadership style. Members of staff might be disgruntled or demoralized with the lower bonus they receive. If the company does not perform as the previous year, there might not be enough money to keep Nancy on the payroll.

Robert could have used his influential position to get her a job in another firm that had a vacant position. Instead of hiring Nancy and reducing the bonus pay to employees, Robert could have done a strategic analysis of the company and identified another source of funds.

Request that she goes back home and looks for a job there, if she does not get one within a year, she can apply to his firm, and if the position is available, she will be offered a job.

Scenario B

Accountants LLC is losing money by purchasing from Sylvia's stationery, which is 15% higher. Robert did not want to ruin the relationship the company has with the stationery store. Robert does not have effective negotiation powers, which would be necessary in such a situation. The decision-making of the key people within the company is not effective.

Continuing to purchase supplies from Sylvia's stationery would ensure that Accountants LLC maintains a good relationship with her, but it also means that the company will be paying more for the office supplies. Patrick would continue to make such decisions since he is not been questioned or stopped.

Robert could have requested that Patrick negotiate for the prices to be reduced. Another alternative would have been to request a quote from Office Supply Co, and establish if they offered the same services as Sylvia's stationery.

I would have requested that Patrick find a way to save the company the money it is losing or negotiate with Sylvia and let her know that if she did not lower her prices the company would be forced to start purchasing from Office Supply Co.

Scenario D

I would gladly decline the offer, and request that he also inform the professor anonymously that the exam has been leaked. I would not compromise my stance, since it would not be fair to cheat for the exam. My answer would still be the same. Having decided not to accept the leaked exam it would be wise to inform the professor that many students had copies fo the exam. The preferable thing to do is inform the professor before the exam begins, but would not be willing to tell him who leaked the exam. I inform the client that I studied in the same class with John, and let them know of the incident that took place. I would request that the client conduct further investigations as his behavior could be questionable. My answer would not be affected irrespective of the type of client.

I would not recommend the firm to hire John because his integrity was questionable. However, I would suggest that the human resource administrator conducts investigations regarding his behavior and would inform them of the school incident. Based on his past and due to the sensitivity of an accounting firm it would be difficult for me to hire him. I would like to receive and talk to his past employers in order to determine if he has modified his behavior. Considering that it is ten years since the incident, I would gladly tell him of my reasons, but would do so in a caring manner.

Scenario E

Working for a small family owned company, Paul experienced favoritism and nepotism. He was overlooked for promotions because he was not family, and other members who were less experienced were given the positions. This was clearly a case of favoritism at the workplace, which resulted in reduced work morale. Paul attempted to speak to his boss about the promotion, but he was advised not to interfere with the way the business is run. Paul was forced to resign from his position because of the company's favoritism. The decision taken by the company was not a good one as it restricted growth and only favored family. This denied the company the expertise it needed in order for the company to succeed.