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MAN 320F Exam 3 Aroian Questions and Answers
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MAN 320F Exam 3 Aroian Questions and Answers
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MAN 320F Exam 3 Aroian Questions andAnswers
information,values - Answer -Martha McCaskey works for a division of Praxis that specializes in industry analysis. McCaskey's current project requires her to obtain proprietary __________ about the competitor of her client. All solutions to successfully complete the project result in a compromise of McCaskey's _____.
Devon,4000,uncomfortable - Answer -The first alternative includes setting up another meeting with ______ and paying him the $____ for the information needed. McCaskey feels ___________ with this alternative because it compromises her personal values of honesty and integrity. However, she is also lacking confidence in whether this really is just a "gentleman's industrial espionage" - something that sounds less dishonest.
Kauffmann,information,honesty,integrity,less - Answer -The second alternative includes her handing over the second interview with Devon to Kaufmann.__________ has much experience in obtaining information that is considered proprietary in the past. In addition, McCaskey will still be promoted to group manager if she does not conduct the second interview with Devon herself. As long as Praxis collects the necessary ___________ about the manufacturing processes and costs for building a new type of computer chip McCaskey will be promoted. The main problem with this course of action is that it still conflicts with McCaskey's personal values of ________ and __________. The main benefit is that she can rationalize that her hands are slightly ____dirty in the process.
reporting,behavior - Answer -The third alternative includes McCaskey __________ this unethical ________ to a superior of Praxis. Because there are no formal written guidelines that discourages a Praxis employee to gain what may be considered proprietary information by paying a large sum to a contact, McCaskey must present this information to upper management that will enforce regulations to be met. In addition, Praxis is made up of four divisions with the Industry Analysis Division very separate from the other three branches. These branches may be unaware of the practices taking place in Industry Analysis Division; therefore, McCaskey may feel it is pertinent to inform them of such practices. This would be a courageous move for McCaskey and may carry great benefits. If guidelines are set she may feel her personal values are more compatible with Praxis's and more importantly Industry Analysis's values; thus, she will continue working for Praxis. However, it is possible even though, Praxis' company regards itself highly in terms of "professional standards" (page 2), they may be
uninterested in hearing McCaskey's side and handling the situation. McCaskey is also putting her job on the line if she chooses this alternative to the dismay of her IAD superiors. She may also be committing herself to engaging in a long, drawn out investigation of IAD's practices.
leave - Answer -The last alternative includes McCaskey deciding to not finish the project
and _____ Praxis completely. She feels the company has put her in a difficult position where she is to compromise her values. Consequently, she may choose to leave Praxis and seek a company with corporate values that better suit her personal values. In this alternative, McCaskey also must decide whether to still inform her direct superiors, Praxis executives, and possibly the companies that the proprietary information is being gathered about. Again, in these decisions, McCaskey may be committing herself to drawn out investigations or possibly hurting her reputation in the industry.
quit,disclose - Answer -In conclusion, we strongly believe it is best for McCaskey to ___ Praxis and find other employment that more accurately aligns with her personal values, and if, the situation ever arises where she is questioned about the practices at IAD later on, she should comply and ________ any information on the practices.
talk,display - Answer -They ___about ethics, but do not actually _____ethical behavior.
honest,unethical - Answer -Martha is an _____and upright person, but has done something that are _______.
slope - Answer -Martha has started to go down that slippery ____.
changing - Answer -Martha's boss _____information on her slides to change what their research is about.
add,unethical,unethical - Answer -When you have ___all those little _______behavior, it
makes the organization _______.
What are the 3 top sources of start up funding? - Answer -Venture Capita ($18 B), State
Funds ($4 B), Angel Investors ($35 B), Three F's (friends, family, fools - $60 B)
Size of investment? - Answer -250,000 - 500,000
Top 3 investment categories? - Answer -Medical devices & equipment, Software, biotechnology
Where do VC's invest? - Answer -close to home ("in their backyard"), 2 hour drive
Why do Angel groups often pay over value for investments ? - Answer -bc potential ROI
What is the percentage of successful deals for VC? - Answer -20% make up for 80% that dont matter What is important to note about the seed/early stage? - Answer -preferred investment/company stage
Where do I get the money to invest? - Answer -pension funds, insurance companies, endowments, foundations, HIGH NET WoRTH INDIVIDUALS (not what you know but who you know)
What is a Venture Capitalist? - Answer -equity investments made to fund the launch or early development, or expansion of a private and quite young company.
What kind of return does a VC expect? - Answer -higher than average return
Who will a VC fund? - Answer -Entrepreneur; someone who assumes the financial risk of beginning and managing a new venture
What does a "perfect" investment opportunity look like? - Answer --an experienced/proven management team
-a great idea/concept that is proprietary
-something that cannot be duplicated
-a product or service that 7 billion humans will buy
-a great rate of return on investment -intellectual property that is protected by patents or trademarks
-Zero risk, which does not exist (PERFECT INVESTMENT DOES NOT EXIST BC fundamental laws of business)
What are the 3 laws of business? - Answer -1- it will always cost more than you thought it would 2- It will always take longer than you anticipated
3- things change continuously
What really matters in business and investment? - Answer -MARKET OPPORTUNITY: being in a market with exponential growth with room for lots of mistakes and people with
a high need for the product.
How do you find the right venture capital?? - Answer --need to talk to allied professionals such as lawyers, accountants, and entrepreneurs (its not just what you know but WHO you know)
-find the venture capitalist who have invested or specialized in your industry
-many large corporations have dedicated VC funds to invest in companies strategic to their core business
What do we need to prepare for the VC? - Answer --an honest business plan with risks, challenges, opportunities, and issues
-what key members you need to hire and where they will come from
-clear strategic goals and what you plan on doing to achieve those goals
-potential customers
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