MGMT-0100-E11-Canadian Business

MGMT-0100-E11-Canadian Business Final Exam

  1. Analyze how the factors of production (labour, capital, entrepreneurs, natural resources, and information resources) work together for a product or service of your choice.
  1. What are the benefits and risks of outsourcing? What, if anything, should be done about the problem of Canadian companies outsourcing jobs to foreign countries? Defend your answer.
  1. Identify some social responsibility issues that might be faced by small business managers and employees in each of the following areas: environment, customers, employees, and investors.
  1. Why might a private corporation choose to remain private? Why might it choose to “go public”?
  1. What are the advantages and disadvantages of globalization from a Canadian consumer’s point of view? From a Canadian manufacturer’s point of view?
  1. Consider the various corporate-level strategies discussed (concentration, growth, integration, diversification, investment, reduction). What is the relationship between these various strategies? Are they mutually exclusive? Complementary? Explain
  1. Why do some managers have difficulties in delegating authority? Why do you think this problem might be more pronounced in small businesses?
  1. Why do you think the unionization rate in the public sector is so much higher than in the private sector? Do you think this will change in the foreseeable future? Explain your reasoning.
  1. Explain how each of the “big five” personality traits influence leadership effectiveness.
  1. Pick three services (not physical products) that you regularly use. Explain what customization, unstorability, and intangibility mean for each of the services. How do these factors influence the way the service is delivered to the customers?

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