Jan Vanderschmidt was the founder of a successful chain of restaurants located throughout Europe. He died unexpectedly

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Jan Vanderschmidt was the founder of a successful chain of restaurants located throughout Europe. He died unexpectedly last week at the age of 55. Jan was sole owner of the company’s common stock and was known for being very authoritarian. He made most of the company’s personnel decisions himself. He also made most of the decisions on the menu selection, food suppliers, ad-vertising programs, and so on. Employees throughout the firm are paid fixed salaries and have been heavily monitored by Mr. Vanderschmidt. Jan’s son, Joop, spent his youth driving BMWs around the Netherlands and Germany at high speeds. He spent little time working with his dad in the restaurant business. Nevertheless, Joop is highly intelligent and just received his MBA degree from a prestigious school. Joop has decided to follow his father as the chief operating officer of the restaurant chain. Explain how the organization’s architecture might optimally change now that Joop has taken over.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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