Assume you are the owner of a small business with which you are familiar. Outline the basics of a management succession plan for passing the business on to the individual of your choice.
Research a medium-sized company in a different industry where the profitability is unstable. Explain how the five forces impact the business environment of this company.
August 5, 2017Describe an active group or a group from your past and outline how that group could be transformed into a high performance team.
August 5, 2017Assume you are the owner of a small business with which you are familiar. Outline the basics of a management succession plan for passing the business on to the individual of your choice.
Management Succession and Risk Management Strategies
Please respond to the following in 1 page:
- Assume you are the owner of a small business with which you are familiar. Outline the basics of a management succession plan for passing the business on to the individual of your choice.
- Referring to the same small business, determine the most appropriate way for that business to minimize its exposure to risk. Explain your rationale.
Part 2
Use the globalEDGE™ site to complete the following exercises:
Market Potential Indicators (MPI) is an indexing study conducted by the Michigan State University Center for International Business Education and Research (MSU-CIBER) to compare emerging markets on a variety of dimensions. Provide a description of the indicators used in the indexing procedure. Which of the indicators would have greater importance for a company that markets laptop computers? Considering the MPI rankings, which developing countries would you advise this company to enter first?
Part 3
As the office manager of a medium-sized medical practice group, you have compiled a compliance plan for the office. Your compliance plan was reviewed and the board of directors asked if you would present your compliance plan to a group of office managers.
Prepare a 12- to 15-slide Microsoft® PowerPoint® presentation with detailed speaker notes.
Include the following sections in your presentation:
- Introduction that explains the importance of legal knowledge in the medical office
- Employment law
- How do job descriptions, procedural manuals, and office handbooks aide in ensuring compliance with employment law? Provide examples of the information these documents might include in order to comply with specific employment laws.
- What are a few of the most critical policies and procedures necessary to ensure the office’s compliance with federal employment laws?
- Privacy and confidentiality
- What policies and procedures are necessary to ensure the office’s compliance with confidentiality and privacy requirements?
