Question: this is practice assignment! not dishonesty ! ! STEP 1 - Summary of the Facts > What are all the relevant facts of the case?
this is practice assignment! not dishonesty STEP Summary of the Facts
What are all the relevant facts of the case?
Try to identify as many relevant facts as possible
STEP Identification of the Problems
What is the primary problem?
What are the causes?
What are the secondary problems
What are the causes?
STEP Identification of Alternatives Think about the causes of the problem when identifying alternativesIncorporate class terms into your alternatives
STEP Evaluation of Alternatives
What are the pros and cons of each course of action?
Think about how each alternative will affect company stakeholdersSTEP Recommendations & Implementation
What alternative course of action are you going to recommend?
Why are you going to recommend it
What is the plan to implement the course of action?
Think about the shortterm months and long term months years
What is the contingency plan in case your recommendation doesn't work?
CASE STUDY TIPS
The problems and their causes may not be explicitly stated in the case therefore it is
important to identify them
Causes help you to determine appropriate alternatives
If you can't solve the cause, you can't solve the problemplease do this I will give thumbs up Thanks CASE STUDY:
The Partnership Dilemma
Angela Cross was one of three partners in a company, Chocolate Time that produced
and sold chocolate. The company manufactured boxes of chocolate and shipped across
Canada for sale in retail stores. The company also had three retail outlets of its own in
Toronto. Over the past ten years that the company has been in business, it has been
very successfulgrowing at a rate of a year. Over the years, the partners have
worked in specialized areas. Angela is in charge of the production facility.
One Monday morning, Angela received a call from the company accountant. He insisted
on seeing her immediately. This was unusual because Angela seldom dealt with
accounting issues. Tom Biggs, one of her partners, was responsible for the financial
elements of the company.
At the meeting, the accountant was upset over a series of withdrawals that had
occurred over the past three months. Tom Biggs had withdrawn over $ from the
business accounts. This was done for no apparent reason, without the accountant's
authorization and no paper work accompanied the transactions. When the accountant
questioned Angela about the withdrawals, she knew nothing about them.
The accountant was certain the Biggs was stealing the money for personal use. Angela
thought that this was a distinct possibility because Biggs' wife had left him and his three
children five months previously. Angela herself had wondered how Biggs could make
the payments on his large home and SUV without the second income.
Angela understood that this was a major problem. If she confronted Biggs and was
wrong, the partners working relationship would be permanently damaged. If Biggs is
stealing, he cannot be fired from the company because he is one of the ownersbut
Angela did not want to work with him. If she called the police, the company's
reputation could be damaged.
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