Question A In class, we engaged with and discussed the GoVentureCEO teaching simulation in great detail....

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Question A In class, we engaged with and discussed the GoVentureCEO teaching simulation in great detail. The simulation's context, i.e. the managing of a business in the hypothetical sports drink market, entails many tasks that were executed by an individual (i.e. you) within the simulation. We discussed how responsibility charts using ERICA can help to define the roles within a management team that could oversee and manage a firm that operates in such an environment. One possible solution for a responsibility chart could look like this: Setting the price of the product Deciding the product's production quantity Defining the firm strategy (incl. writing the journal) Allocate the amount of money that is invested in R&D Decide investments in markets/geographic areas Decide advertisement budgets in geographic areas Decide investments in ethics/CSR? Manager P1 P2 P3 (Marketing) (R&D) | (Production) R E C R I E R.E I I I R C E R E R E R.E ERICA stands for: E-execute; R-responsible; 1-gets informed; C-contributes; A-approves a) Critically discuss the above responsibility chart. Under what conditions would it make sense to implement such an allocation of responsibilities? (20 points) b) Discuss how you would implement an organization in which the manager's tasks are minimized? How could the responsibility chart look like? How would you ensure that coordinate happens? (30 points) Question A In class, we engaged with and discussed the GoVentureCEO teaching simulation in great detail. The simulation's context, i.e. the managing of a business in the hypothetical sports drink market, entails many tasks that were executed by an individual (i.e. you) within the simulation. We discussed how responsibility charts using ERICA can help to define the roles within a management team that could oversee and manage a firm that operates in such an environment. One possible solution for a responsibility chart could look like this: Setting the price of the product Deciding the product's production quantity Defining the firm strategy (incl. writing the journal) Allocate the amount of money that is invested in R&D Decide investments in markets/geographic areas Decide advertisement budgets in geographic areas Decide investments in ethics/CSR? Manager P1 P2 P3 (Marketing) (R&D) | (Production) R E C R I E R.E I I I R C E R E R E R.E ERICA stands for: E-execute; R-responsible; 1-gets informed; C-contributes; A-approves a) Critically discuss the above responsibility chart. Under what conditions would it make sense to implement such an allocation of responsibilities? (20 points) b) Discuss how you would implement an organization in which the manager's tasks are minimized? How could the responsibility chart look like? How would you ensure that coordinate happens? (30 points)