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Case Study: Jack Welch and his major strategic actions

1. How successful has Jack Welch been in running GE from 1980 to 2000? 2. Comment on the major strategic actions that Jack Welch took during his twenty year tenure, and their impact on GE's performance. 3. What is your evaluation of Welch's approach to dealing with people and leading change? How important is he to GE's suc

Which of the following is not true regarding common law? a)The common law of the United States originally came from England. b) Judges must strictly follow precedent in all cases. c) A drawback of common law is that legal decisions may be followed after they have become outdated or no longer relevant. d) Common law is called common law because judges in England were intended to apply laws similarly is all jurisdictions, thereby making the law common to all. Which of the following is a false statement? a) Essentially, corporate income is taxed twice when it is distributed to shareholders as dividends under U.S. tax and business laws. b) A limited liability company (LLC) limits the liability of its members in the United States for business debts. c) A general partnership for liability purposes is not usually considered a legal entity apart from its owners under U.S. laws. d) Agreements to form a partnership always must be written under U.S. laws since there could be disagreements between partners otherwise. What is a FALSE statement regarding monopolization analysis pursuant to Section 2 of the Sherman Act? a. One generally cannot be guilty of or liable for monopolization without having a monopoly first. b. One can have a monopoly but not have monopoly power and thus not be a monopolizing company. c. All monopolies are illegal since they are inherently unfair to consumers. d. Wrongful conduct by a monopoly to establish the legal wrong of monopolization includes illegal AND unethical, predatory, or abusive conduct (which is not necessarily illegal). Excel Corporation agrees to sell the latest version of its Go! computer game to National Retail Company. Excel delivers an outdated version of Go! (nonconforming goods). National's possible remedies may include a) recovering damages only. b) rejecting part or all of the goods, or revoking acceptance only. c) recovering damages, rejecting goods, or revoking acceptance. d) none of the above. The Uniform Commercial Code is a) A state law governing commerce b) A federal law governing commerce c) An international law governing commerce d) A model act Which of the following best describes the overall scheme of pollution regulation in the United States? Exclusively federal law. Exclusively state law with minimal federal oversight. Exclusively state law, but with considerable federal oversight. Primarily federal law, but considerable state law as well. If an important contract term is ambiguous, the contract under the common law is Probably illegal as against public policy Probably enforceable Probably unconscionable Probably unenforceable 335. Which of the following statements is not correct? Generally, a state court can exercise jurisdiction over a nonresident by showing that he or she had sufficient contacts with the state. A lawsuit involving a federal question can originate in a federal court in the United States. The United States Supreme Court has automatic appellate authority over all cases decided in the state courts. An answer to a lawsuit can admit to allegations made in a complaint in the U.S. civil law system. Which is FALSE regarding a traditional business partnership pursuant to the Uniform Partnership Act? a. Absent an agreement partnership profits are shared equally by the partners regardless of any individual's partner contribution, knowledge, skills, and/or efforts. b. Absent an agreement partners are not entitled to any salary or remuneration for acting in the partnership business. c. Partners are regarded as agents of the partnership when acting in the partnership business. d. The dissolution of a partnership will always lead to a winding-up, liquidation, and termination of the partnership. The requirement(s) of a valid offer in contract law is(are) the following: a. The manifestation of a definite intent to enter into a contract by the offeror and the communication of this intent to the offeree b. Reasonable definitiveness in the terms of the offer c. Serious intent on the part of the offeror as determined by the "reasonable person" test d. All of the above. Which of the following is a true statement? Building contractors and subcontractors are usually not independent contractors. An agency relationship can be formed only in a witnessed and signed writing since it is a high-level business relationship. There generally does not need to be a written agreement between the principal and agent in order to create an agency relationship. An agent does not owe to his or her principal a duty to act in good faith. Pat and Don submit their dispute to binding arbitration. A court can set aside the arbitrator's award if Don is not satisfied with the award. Pat is not satisfied with the award. the award involves at least $75,000. the award violates public policy or if bad faith was involved. Gamma Company and Omega Corporation enter into an oral contract for the sale of a warehouse. Before Omega takes possession, this contract is enforceable by Gamma only. Gamma or Omega. neither Gamma nor Omega. Omega only. Alpha Inc., a U.S. firm, signs a contract with Beta, Ltd., a Russian company, to give Beta the right to sell Alpha's products in Russia. This is usually known as: a distribution agreement. a joint venture. direct exporting. licensing. Which is NOT a violation of U.S. anti-trust law? a. Horizontal price-fixing by competitors b. Vertical price-fixing that is not supported by the Rule of Reason c. A group boycott of manufacturers against retailers motivated by economic reasons d. A unilateral refusal to deal by a manufacturer against a retailer who disregards the manufacturer's MSRP (manufacturer's suggested retail price). Which is TRUE regarding the employment at-will doctrine in the United States? a. It can result in a legal but immoral discharge of an employee. b. It cannot be changed by a contract between the employer and the employee. c. It is operable in the U.S. and can result in a discharge without notice or cause or good cause but the employer based on federal law has to pay severance to the discharged employee based on the number of years he or she has worked for the firm. d. It supersedes and prevails over Title VII of the Civil Rights Act. Which of the following is a false statement? A person who does not know of a reward offer can never claim it since how can one accept what one does not know of. For common law consideration to be legally sufficient, it does not necessarily have to consist of the payment of money or transfer of goods. A promise by one party to pay another for refraining from performing a legal act is generally enforceable under the common law. Normally, a court in the U.S. applying the common law of contract will be able to question the adequacy of consideration to see if the contract is a fair one. Which of the following statements is false? Only the government may enforce antitrust law. Private parties, including injured consumers, may enforce the antitrust laws. The antitrust laws provide for both criminal and civil sanctions. Successful anti-trust plaintiffs can recover three times their actual damages. A contractual clause establishing an amount of prospective damages for breach is best described legally as Mitigation of damages Liquidated damages Against the law Limitation of damagesWhich of the following is not true regarding common law? a)The common law of the United States originally came from England. b) Judges must strictly follow precedent in all cases. c) A drawback of common law is that legal decisions may be followed after they have become outdated or no longer relevant. d) Common law is called common law because judges in England were intended to apply laws similarly is all jurisdictions, thereby making the law common to all. Which of the following is a false statement? a) Essentially, corporate income is taxed twice when it is distributed to shareholders as dividends under U.S. tax and business laws. b) A limited liability company (LLC) limits the liability of its members in the United States for business debts. c) A general partnership for liability purposes is not usually considered a legal entity apart from its owners under U.S. laws. d) Agreements to form a partnership always must be written under U.S. laws since there could be disagreements between partners otherwise. What is a FALSE statement regarding monopolization analysis pursuant to Section 2 of the Sherman Act? a. One generally cannot be guilty of or liable for monopolization without having a monopoly first. b. One can have a monopoly but not have monopoly power and thus not be a monopolizing company. c. All monopolies are illegal since they are inherently unfair to consumers. d. Wrongful conduct by a monopoly to establish the legal wrong of monopolization includes illegal AND unethical, predatory, or abusive conduct (which is not necessarily illegal). Excel Corporation agrees to sell the latest version of its Go! computer game to National Retail Company. Excel delivers an outdated version of Go! (nonconforming goods). National's possible remedies may include a) recovering damages only. b) rejecting part or all of the goods, or revoking acceptance only. c) recovering damages, rejecting goods, or revoking acceptance. d) none of the above. The Uniform Commercial Code is a) A state law governing commerce b) A federal law governing commerce c) An international law governing commerce d) A model act Which of the following best describes the overall scheme of pollution regulation in the United States? Exclusively federal law. Exclusively state law with minimal federal oversight. Exclusively state law, but with considerable federal oversight. Primarily federal law, but considerable state law as well. If an important contract term is ambiguous, the contract under the common law is Probably illegal as against public policy Probably enforceable Probably unconscionable Probably unenforceable 335. Which of the following statements is not correct? Generally, a state court can exercise jurisdiction over a nonresident by showing that he or she had sufficient contacts with the state. A lawsuit involving a federal question can originate in a federal court in the United States. The United States Supreme Court has automatic appellate authority over all cases decided in the state courts. An answer to a lawsuit can admit to allegations made in a complaint in the U.S. civil law system. Which is FALSE regarding a traditional business partnership pursuant to the Uniform Partnership Act? a. Absent an agreement partnership profits are shared equally by the partners regardless of any individual's partner contribution, knowledge, skills, and/or efforts. b. Absent an agreement partners are not entitled to any salary or remuneration for acting in the partnership business. c. Partners are regarded as agents of the partnership when acting in the partnership business. d. The dissolution of a partnership will always lead to a winding-up, liquidation, and termination of the partnership. The requirement(s) of a valid offer in contract law is(are) the following: a. The manifestation of a definite intent to enter into a contract by the offeror and the communication of this intent to the offeree b. Reasonable definitiveness in the terms of the offer c. Serious intent on the part of the offeror as determined by the "reasonable person" test d. All of the above. Which of the following is a true statement? Building contractors and subcontractors are usually not independent contractors. An agency relationship can be formed only in a witnessed and signed writing since it is a high-level business relationship. There generally does not need to be a written agreement between the principal and agent in order to create an agency relationship. An agent does not owe to his or her principal a duty to act in good faith. Pat and Don submit their dispute to binding arbitration. A court can set aside the arbitrator's award if Don is not satisfied with the award. Pat is not satisfied with the award. the award involves at least $75,000. the award violates public policy or if bad faith was involved. Gamma Company and Omega Corporation enter into an oral contract for the sale of a warehouse. Before Omega takes possession, this contract is enforceable by Gamma only. Gamma or Omega. neither Gamma nor Omega. Omega only. Alpha Inc., a U.S. firm, signs a contract with Beta, Ltd., a Russian company, to give Beta the right to sell Alpha's products in Russia. This is usually known as: a distribution agreement. a joint venture. direct exporting. licensing. Which is NOT a violation of U.S. anti-trust law? a. Horizontal price-fixing by competitors b. Vertical price-fixing that is not supported by the Rule of Reason c. A group boycott of manufacturers against retailers motivated by economic reasons d. A unilateral refusal to deal by a manufacturer against a retailer who disregards the manufacturer's MSRP (manufacturer's suggested retail price). Which is TRUE regarding the employment at-will doctrine in the United States? a. It can result in a legal but immoral discharge of an employee. b. It cannot be changed by a contract between the employer and the employee. c. It is operable in the U.S. and can result in a discharge without notice or cause or good cause but the employer based on federal law has to pay severance to the discharged employee based on the number of years he or she has worked for the firm. d. It supersedes and prevails over Title VII of the Civil Rights Act. Which of the following is a false statement? A person who does not know of a reward offer can never claim it since how can one accept what one does not know of. For common law consideration to be legally sufficient, it does not necessarily have to consist of the payment of money or transfer of goods. A promise by one party to pay another for refraining from performing a legal act is generally enforceable under the common law. Normally, a court in the U.S. applying the common law of contract will be able to question the adequacy of consideration to see if the contract is a fair one. Which of the following statements is false? Only the government may enforce antitrust law. Private parties, including injured consumers, may enforce the antitrust laws. The antitrust laws provide for both criminal and civil sanctions. Successful anti-trust plaintiffs can recover three times their actual damages. A contractual clause establishing an amount of prospective damages for breach is best described legally as Mitigation of damages Liquidated damages Against the law Limitation of damages

Which of the following is not true regarding common law? a)The common law of the United States originally came from England. b) Judges must strictly follow precedent in all cases. c) A drawback of common law is that legal decisions may be followed after they have become outdated or no longer rele

Which preventive, detective, and/or corrective controls would best mitigate the following threats? a. An employee's laptop was stolen at the airport. The laptop contained personally identifying information about the company's customers that could potentially be used to commit identity theft. b. A salesperson successfully logged into the payroll system by guessing the payroll supervisor's password. c. A criminal remotely accessed a sensitive database using the authentication credentials (user ID and strong password) of an IT manager. At the time the attack occurred, the IT manager was logged into the system at his workstation at company headquarters. d. An employee received an email purporting to be from her boss informing her of an important new attendance policy. When she clicked on a link embedded in the email to view the new policy, she infected her laptop with a keystroke logger. e. The director of R&D quit abruptly after an argument with the CEO. The company cannot access any of the files about several new projects because the R&D director had encrypted them before leaving. f. A company wrote custom code for the shopping cart feature on its Web site. The code contained a buffer overflow vulnerability that could be exploited when the customer typed in the ship-to address. g. A company purchased the leading "off-the-shelf" e-commerce software or linking its electronic storefront to its inventory database. A customer discovered a way to directly access the back-end database by entering appropriate SQL code. h. Attackers broke into the company's information system through a wireless access point located in one of its retail stores. The wireless access point had been purchased and installed by the store manager without informing central IT or security. i. An employee picked up a USB drive in the parking lot and plugged it into their laptop to "see what was on it," which resulted in a keystroke logger being installed on that laptop. j. A competitor intercepted the company's bid for a lucrative contract that was emailed to the local government's Web site. The competitor used the information contained in the email to successfully underbid and win the contract. k. When an earthquake destroyed the company's main data center, the CIO spent half a day trying to figure out who in the organization needed to be contacted in order to implement the company's cold site agreement. l. Although logging was enabled, the information security staff did not review the logs early enough to detect and stop an attack that resulted in the theft of information about a new strategic initiative. m. To facilitate working from home, an employee installed a modem on his office workstation. An attacker successfully penetrated the company's system by dialing into that modem. n. An attacker gained access to the company's internal network by installing a wireless access point in a wiring closet located next to the elevators on the fourth floor of a high-rise office building that the company shared with seven other companies.

Which preventive, detective, and/or corrective controls would best mitigate the following threats? a. An employee's laptop was stolen at the airport. The laptop contained personally identifying information about the company's customers that could potentially be used to commit identity theft. b. A salesperson successfully log

Ashkenas et. al (2002) note that technological advancements led to the "total breakdown of time and space as limiting factors in organizational interactions. Business can now take place anytime, anywhere." What do you see as a potential advantage and disadvantage of this phenomenon? After answering giving supporting information could you respond to a statement by other classmate as attached? Business can now take place anytime, anywhere. Nowadays, the world moves to the technology era, according to increasing global competition, fast moving of technological and environment change. The organizations have to restructure themselves to be flexible and adapt to the new world. Technology and communication can go to the concept of "anytime, anywhere" so, no barrier that happened when you want to do business across the country around the world. Advantage of communication and the advanced technology help the organization by â?¢ Expand the market to other countries, not do the business only in your country. â?¢ Can share the efficiently skilled among other people, other company or different organization â?¢ Less cost, when the company want to invest the business in the other country, they can use technology or the world of communicate to interact within the business. Such as internet, mobile phone. â?¢ Easier to communicate Disadvantage â?¢ Sometimes the old generation does not accept the new technolog;, it's hard for organization to adjust or modify structure to be flexible to the new world. â?¢ To suffer from communication barrier, according to the employees come of different country and background. It's hard for organization to work with diverse people. â?¢ Interpreted communication, spoken, written. If wrong interpretation happened in business, it cannot make the organization to meet their goal. â?¢ Lack of sharing information within organization.

Ashkenas et. al (2002) note that technological advancements led to the "total breakdown of time and space as limiting factors in organizational interactions. Business can now take place anytime, anywhere." What do you see as a potential advantage and disadvantage of this phenomenon? After answering giving supporting inf

International business globalization grown rapidly

Why has international business/globalization grown rapidly in the last 10 years? What is your estimate of globalization growth/decline in the next decade? What will be the major problems/opportunities faced by multinational companies? (Please use the book "International Business Environments and Operations" written by John D

Two key systems for Wal-Mart and two entries

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See the attached file. Throughout this course you will be looking at a global business. Select a multinational company to study. It is a good idea to select a company that has substantial public information available online. Select companies from the USA or other countries. Do NOT select one of the companies featured in

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Say an internet company is looking for ways to generate more traffic to their site and currently looking for designers that can do the job effectively and efficiently. Write an effective business proposal for the project to convince them of ways the site can be improved and explain risks involved, etc.

Comprehensive Strategic Knowledge

The owners of XYZ Construction, Inc. are concerned about the economic and legal factors that could impact the organization, particularly as the company transitions from being privately owned to public ownership with their IPO in a few months. They would like you put develop a discussion for them that describes, discusses, and

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Prepare a paper. Based on current events and trends in the sourcing and procurement environment, hypothesize the future of purchasing in the global economy. Address the following: Benefits and risks of e-business Future opportunities and trends in purchasing Future challenges in purchasing Format your paper consistent

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Develop the total Extended Enterprise Supply Chain for Dell. Create a diagram and discuss it. What is the total time from Raw to Retail? What are some of the major industries in this chain? How old is this product and how has it evolved? What are the emerging technologies that affect the current and future supply chain

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What role should social media play in a firm's promotional mix? Question 1: Coca-Cola and Pepsi are working hard to build a dedicated social-media following, with both of them focusing on winning the trust and even admiration of their customers. That's a sound strategy, writes John Sviokla, since it's only by banking trust in

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Chain of results diagram and elements; corporate documents of strategic direction

1. Imagine yourself sitting in the auditorium of a larger corporation as the CEO expounds on the company's new vision for 2020 and the way that this corporation will be making "sustainable" services and "green" products for non-industrial economies as well as for the web-enabled e-commerce societies. You are seeing the Chain of

Complete the External Environmental Scan for Apple

(1). Generate a bullet list of steps that could be used to develop an effective method for comparing and selecting the best strategic plan options. (2). What should you do when you discover that a strategy favored by a senior executive turns out to be too risky? How do you handle the situation if this "ill conceived" strategy

Amazon.com: Innovation via the 'Two-Pizza Team'

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Amazon.com: Innovation via the 'Two-Pizza Team'

Amazon.com: Innovation via the "Two-Pizza Team" Amazon.com widely is considered the world's best online retail site, the undisputed leader of Internet commerce. Although many e-tailers pulled their plugs during the dot-com bust of the late 1990s, Amazon has become a profitable multibillion-dollar business. The man behind the

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First and foremost in Organizational Change Management a successful project is to develop a plan to produce the desired results and remain within budget. Kotter had the right idea about change when he listed his eight elements needed for successful change (Phelan, 2005). These are to include urgency, build a guiding team, get the vision right, communicate for buy-in, create short-term wins, empower, do not let up, and make change stick. All of these are part of the change that are needed to become a better manager of organizational change. Kotter also had great insight into why failure might occur with change. He stated that complacency, failure to build coalitions, unclear and poorly communicated vision, road blocks, poor planning, and declaring victory too soon, and loose anchoring to organizational or personal vision were reasons why change does not succeed. All of these can be applied to organizational change management. Businesses are changing from an environment where products and services were standardized and long-lived, to an environment where businesses are competing globally with individualized and short-lived products and services. "Agility in business performance means the ability of a company to prosper in rapidly-changing, continually fragmenting global markets for high-quality, high-performance, customer-configured products and services" (O'Brien and Marakas, 2008, p. 57).

First and foremost in Organizational Change Management a successful project is to develop a plan to produce the desired results and remain within budget. Kotter had the right idea about change when he listed his eight elements needed for successful change (Phelan, 2005). These are to include urgency, build a guiding team, get