P-l-e-a-s-e- -r-e-a-d- -a-n-d- -u-n-d-e-r-s-t-a-n-d- -t-h-e- -p-r-o-b-l-e-m- -b-e-l-o-w- -a-n-d- -a-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -q-u-e-s-t-i-o-n: Ten people work for a small construction company that is managed by Gray. The company works on profitable renovation projects to assist homeowners in creating their ideal/dream houses. He started his company in N-e-w- -A-i-y-a-n-s-h- soon after the N-i-s-g-a-'-a- -T-r-e-a-t-y- was formed, but as demand for his services in adjacent Terrace increased, he made the decision to relocate it there. On a daily basis, Gray deals with phone calls from customers, handles complaints, sends representatives to give customers quotes, organizes staff for any given job, orders supplies, consults with staff experts to determine the best way to complete the task, maintains an equipment maintenance schedule, hires and retains employees, corrects subpar performance, and trains new carpenters. Gray has been experiencing fatigue lately. In order for him to enjoy retirement as soon as possible, he must transfer his business to one of the younger employees. Gray went fishing on one of his few days off and decided he was ready to stop operating the company after 20 years. His strategy is to choose a new leader for the business, train them for the next six months, and then formally hand over the reins. In addition to the possibility of hiring an outsider for the position, he is considering three internal employees. Although each of the participants is a skilled carpenter, they each have particular advantages and disadvantages. He examines and records each of their leadership qualities. The candidates list displays the findings of his analysis. Q-u-e-s-t-i-o-n-s-: G-r-a-y- -p-r-e-s-e-n-t-s- -t-o- -y-o-u- -h-i-s- -a-n-a-l-y-s-i-s-.- -W-h-o- -d--o –y-ou- -b-e-l-i-e-v-e- -h-e- -o-u-g-h-t- -t-o- -h-i-r-e- -f-o-r- -t-h-e- -p-o-s-i-t-i-o-n-? W-h-a-t- -a-r-e- -t-h-e- -m-a-n-a-g-e-r-i-a-l- -q-u-a-l-i-t-i-e-s- -t-h-a-t- -y-o-u- -t-h-i-n-k- -w-i-l-l- -b-e- -m-o-s-t- -v-a-l-u-a-b-l-e- -t-o- -G-r-a-y-’-s- -b-u-s-i-n-e-s-s-?- -T-h-e- -l-e-a-s-t- -v-a-l-u-a-b-l-e-?- -E-x-p-l-a-i-n- -y-o-u-r- -a-n-s-w-e-r-. A-r-e- -t-h-e-r-e- -o-t-h-e-r- -t-r-a-i-t-s- -t-h-a-t- -y-o-u- -w-i-s-h- -y-o-u- -c-o-u-l-d- -a-n-a-l-y-z-e-?- -E-x-p-l-a-i-n-.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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P-l-e-a-s-e- -r-e-a-d- -a-n-d- -u-n-d-e-r-s-t-a-n-d- -t-h-e- -p-r-o-b-l-e-m- -b-e-l-o-w- -a-n-d- -a-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -q-u-e-s-t-i-o-n:

Ten people work for a small construction company that is managed by Gray. The company works on profitable renovation projects to assist homeowners in creating their ideal/dream houses. He started his company in N-e-w- -A-i-y-a-n-s-h- soon after the N-i-s-g-a-'-a- -T-r-e-a-t-y- was formed, but as demand for his services in adjacent Terrace increased, he made the decision to relocate it there.

On a daily basis, Gray deals with phone calls from customers, handles complaints, sends representatives to give customers quotes, organizes staff for any given job, orders supplies, consults with staff experts to determine the best way to complete the task, maintains an equipment maintenance schedule, hires and retains employees, corrects subpar performance, and trains new carpenters.

Gray has been experiencing fatigue lately. In order for him to enjoy retirement as soon as possible, he must transfer his business to one of the younger employees. Gray went fishing on one of his few days off and decided he was ready to stop operating the company after 20 years. His strategy is to choose a new leader for the business, train them for the next six months, and then formally hand over the reins.

In addition to the possibility of hiring an outsider for the position, he is considering three internal employees. Although each of the participants is a skilled carpenter, they each have particular advantages and disadvantages. He examines and records each of their leadership qualities. The candidates list displays the findings of his analysis.

Q-u-e-s-t-i-o-n-s-:

G-r-a-y- -p-r-e-s-e-n-t-s- -t-o- -y-o-u- -h-i-s- -a-n-a-l-y-s-i-s-.- -W-h-o- -d--o –y-ou- -b-e-l-i-e-v-e- -h-e- -o-u-g-h-t- -t-o- -h-i-r-e- -f-o-r- -t-h-e- -p-o-s-i-t-i-o-n-?

W-h-a-t- -a-r-e- -t-h-e- -m-a-n-a-g-e-r-i-a-l- -q-u-a-l-i-t-i-e-s- -t-h-a-t- -y-o-u- -t-h-i-n-k- -w-i-l-l- -b-e- -m-o-s-t- -v-a-l-u-a-b-l-e- -t-o- -G-r-a-y-’-s- -b-u-s-i-n-e-s-s-?- -T-h-e- -l-e-a-s-t- -v-a-l-u-a-b-l-e-?- -E-x-p-l-a-i-n- -y-o-u-r- -a-n-s-w-e-r-.

A-r-e- -t-h-e-r-e- -o-t-h-e-r- -t-r-a-i-t-s- -t-h-a-t- -y-o-u- -w-i-s-h- -y-o-u- -c-o-u-l-d- -a-n-a-l-y-z-e-?- -E-x-p-l-a-i-n-.

W-h-a-t- -a-r-e- -t-h-e- -d-a-n-g-e-r-s- -o-f- -h-i-r-i-n-g- -f-r-o-m- -o-u-t-s-i-d-e- -t-h-e- -o-r-g-a-n-i-z-a-t-i-o-n-?- -T-h-e- -b-e-n-e-f-i-t-s-? -

M-a-k-e- -y-o-u-r- -r-e-c-o-m-m-e-n-d-a-t-i-o-n- -t-o- -G-r-a-y-’-s- -a-n-d- -j-u-s-t-i-f-y- -y-o-u-r- -a-n-s-w-e-r-

 

 

C-a-n-d-i-d-a-t-e- -l-i-s-t
Y-e-a-r-s--a-t--t-h-e- -c-o-m-p-a-n-y
H-a-v-i-n-g--c-o-n-f-i-d-e-n-c-e- -( /10)
H-a-v-i-n-g--b-u-s-i-n-e-s-s--k-n-o-w-l-e-d-g-e- (/10)
C-h-a-r-i-s-m-a (/10)
R-e-l-i-a-b-i-l-i-t-y
C-o-g-n-i-t-i-v-e- -A-b-i-l-i-t-y ( /10)
F-l-e-x-i-b-i-l-i-t-y/A-d-a-p-t-ab-i-l-i-t-y (/10)
L-e-a-d-e-r-s-h-i-p- A-p-p-r-o-a-c-h
D-i-s-p-o-s-i-t-i-o-n
C-r-e-a-t-i-v-i-t-y (/10)
D-r-i-v-e (/10)
L-e-a-d-e-r-s-h-i-p- -M-o-t-i-v-a-t-i-o-n- (/10)
R-e-d
5
4
8
8
V-e-r-y
8
6
P-a-r-t-i-c-i-p-a-t-i-v-e
E-n-t-h-u-s-i-a-s-t-i-c
4
5
6
L-i-l-y
10 y-e-a-r-s--o-u-t-s-i-d-e-
-t-h-e- -c-o-m-p-a-n-y-
6
3
9
U-n-k-n-o-w-n
7
3
S-u-p-p-o-r-t-i-v-e
A-c-t-i-v-e
5
8
10
M-o-o-n
2
8
6
5
R-e-l-i-a-b-l-e, b-u-t- -h-a-s- -l-i-f-e- -
c-i-r-c-u-m-s-t-a-n-c-e- -g-e-t- -i-n- -
w-a-y- -o-f- -j-o-b-
5
5
A-c-h-i-e-v-e-m-e-n-t- -o-r-i-e-n-t-e-d
E-x-c-i-t-a-b-l-e-
4
7
9
M-a-r-k
10
9
9
4
V-e-r-y
3
3
D-i-r-e-c-t-i-v-e
B-l-u-n-t
4
4
7
Transcribed Image Text:C-a-n-d-i-d-a-t-e- -l-i-s-t Y-e-a-r-s--a-t--t-h-e- -c-o-m-p-a-n-y H-a-v-i-n-g--c-o-n-f-i-d-e-n-c-e- -( /10) H-a-v-i-n-g--b-u-s-i-n-e-s-s--k-n-o-w-l-e-d-g-e- (/10) C-h-a-r-i-s-m-a (/10) R-e-l-i-a-b-i-l-i-t-y C-o-g-n-i-t-i-v-e- -A-b-i-l-i-t-y ( /10) F-l-e-x-i-b-i-l-i-t-y/A-d-a-p-t-ab-i-l-i-t-y (/10) L-e-a-d-e-r-s-h-i-p- A-p-p-r-o-a-c-h D-i-s-p-o-s-i-t-i-o-n C-r-e-a-t-i-v-i-t-y (/10) D-r-i-v-e (/10) L-e-a-d-e-r-s-h-i-p- -M-o-t-i-v-a-t-i-o-n- (/10) R-e-d 5 4 8 8 V-e-r-y 8 6 P-a-r-t-i-c-i-p-a-t-i-v-e E-n-t-h-u-s-i-a-s-t-i-c 4 5 6 L-i-l-y 10 y-e-a-r-s--o-u-t-s-i-d-e- -t-h-e- -c-o-m-p-a-n-y- 6 3 9 U-n-k-n-o-w-n 7 3 S-u-p-p-o-r-t-i-v-e A-c-t-i-v-e 5 8 10 M-o-o-n 2 8 6 5 R-e-l-i-a-b-l-e, b-u-t- -h-a-s- -l-i-f-e- - c-i-r-c-u-m-s-t-a-n-c-e- -g-e-t- -i-n- - w-a-y- -o-f- -j-o-b- 5 5 A-c-h-i-e-v-e-m-e-n-t- -o-r-i-e-n-t-e-d E-x-c-i-t-a-b-l-e- 4 7 9 M-a-r-k 10 9 9 4 V-e-r-y 3 3 D-i-r-e-c-t-i-v-e B-l-u-n-t 4 4 7
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