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business
future of business
Questions and Answers of
Future of Business
What is marketing? What is an exchange in marketing?
1. Would you like to work at Vancity or another employer with similar feedback and reward processes?2. Do some internet research; have any more employees at Vancity unionized?3. Why would one group
Discuss the trends in human resource management.
What are the primary laws that affect human resource management?
What are the management and union strategies for dealing with conflict?
How are labour agreements negotiated?
What is a labour union?
Discuss the types of compensation.
What is compensation? How is it determined?
What are the steps in performance evaluation?
Differentiate between training and development.
What are the steps in employee selection?
What is recruitment? What are some recruitment methods?
Why are human resource planning and forecasting so important?
What is the human resource management process?
Why is human resource management in today’s organization instrumental in driving an organization toward its goals?
1. Using the motivation theories in the chapter, explain why Sandy was so motivated in a job such as cold calling.2. Given that she still had a salary, benefits, and a pension plan, why did she
Explain how the following affect employee motivation:a. Education and training opportunitiesb. Employee ownershipc. Work–life benefitsd. The nurturing of knowledge workers
Explain the following:a. Job enlargement, job enrichment, and job rotationb. Work-scheduling options and how they can be a motivatorc. How motivation is affected by recognition, empowerment, and
How can the use of goal-setting theory lead to motivation?
What are the choices available when an employee feels that there is unfairness on the job?
Explain E → P → O of expectancy theory. How does this explain employee behaviour?
Summarize the following:a. Frederick Taylor’s scientific managementb. Hawthorne studiesc. Maslow’s hierarchy of needsd. Alderfer’s ERG theorye. McGregor’s Theories X and Yf. Ouchi’s Theory
1. Given the lack of formal structure, how important do you think the informal structure becomes? Does Gore’s reliance on committee work slow processes down?2. Is W.L. Gore a mechanistic or an
What is the informal organization? What are its functions?
What are a line organization, line-and-staff organization, committee structure, and matrix structure?
What is a managerial hierarchy? Span of control?
What does the organizational chart show?
What are the five basic types of departmentalization that are commonly found in organizations?
What is division of labour? Specialization?
1. What sort of managers does Potash Corp appear to look for?2. Assuming that the extra safety steps cost money and reduce productivity, why would a company such as Potash Corp want to export its
What trends are becoming more important in leadership?
What skills are necessary to be an effective manager? How does the focus change between the various levels of management?
As a manager, what are the roles you have to play?
Why is it important for leaders to set performance standards? After the performance standards have been set, what actions should follow?
In what situation would each of the three leadership styles be appropriate?
How do the various leadership styles affect a corporate culture?
What are the various power bases? What determines the power in each of these?
What are the impacts on a company that does not allocate its resources properly? (Relate this to their stakeholders.)
How does proper planning help the organization to achieve its mission statement?
Briefly describe the four primary management functions.
1. Why would the managers and board members at Allergan not want to sell for a price so much higher than the market price? Why would they seek out an alternative merger partner?2. Look up the
Why are franchise operations popular? What opportunities do they offer to the franchisor and franchisee?
When are joint ventures a good idea?
Considering some of the disadvantages of corporations, why do so many choose to use the corporation form?
What should a partnership agreement include?
What are some of the considerations when choosing a form of business ownership to ensure that it suits your needs?
1. Prepare a SWOT analysis of McCain potato production. What are the company’s internal strengths and weaknesses? What are the environmental opportunities and threats facing the company?2. What
What are some of the trends in analyzing a business?
What are the three statements in the financials?
What is the last stage in analyzing an organization?
What is the purpose of analyzing the business-level strategy?
What are the four possible growth strategies described by Igor Ans off?
What are the five stages of industry evolution?
What are the forces in Porter’s model of competition?
The external environment relates to what part of SWOT?
In looking at the internal environment, what part of SWOT does it relate to?
What does SWOT stand for?
How is employee commitment beneficial to a company?
Why is it important to be creative and innovative in business?
What does providing value mean?
What options do customers have if a company does not meet their expectations?
Why is it important that companies make a profit?
What are five success factors for a company?
Why is information important to businesses?
1 .What characteristics made Ron Wilson and Brian Le Gette successful entrepreneurs?2. How did their partnership and shared vision serve their business goals?3. Do you think their departure from the
What are some of the trends in entrepreneurship and small business?
What services do the financial institutions provide to small-business owners?
How does Export Development Canada help small businesses?
What needs to be included in a business plan? What is the business plan used for?
Why would a small business decide to remain small?
What are some alternatives to starting your own business?
Why does small business have to be creative in hiring and retaining employees?
What role can outside consultants play in a small business?
What are some sources of financing for a small business?
Why does small business thrive in Canada?
What impact does small business have on the Canadian economy?
What are some of the challenges for entrepreneurs?
Why do people become entrepreneurs?
What is the definition of an entrepreneur? What is the definition of a small business?
1. What activities can be centralized when marketing a product globally? (Expand your list beyond those mentioned in the case.)2. How is Kobo doing? Use Internet sources to investigate market
What are some options for Canadian companies that want to participate in the global marketplace?
What are some of the main international economic communities?
What is the role of the World Bank and the IMF?
What are tariffs? What are some arguments for and against tariffs?
What are some natural barriers to trade?
Why do nations trade? What is the principle of comparative advantage?
How do changing currency values affect imports and exports?
What is the balance of trade? What is the difference between a trade surplus and a trade deficit?
Define exports and imports.
What are multinational corporations and what are some of their advantages?
What is the importance of global business to Canada?
What is a global vision?
1. How do you make decisions as to what websites to trust when you shop online? Have you ever bought something that wasn’t what was advertised?2. What other techniques do companies use to prevent
What are some of the threats of technology?
How can technology help us manage our organizations?
What technologies do we use personally?
What are the steps in technology planning?
What is technology?
1. Some employers meet with resistance among their employees when they bring in a worker supported by Cosmo. How would you explain this resistance? What steps should the employer take to avoid or
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