Provide describe a type of management control (i.e., action,personnel, or cultural). What challenges might the organizationalleaders face when implementing it?

What are potential causes of employee frustration and demotivation?How can management control systems (MCS) be leveraged to improveemployee motivation? Please feel free to use an example.

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Jarrod RobelLv2

28 Sep 2019

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SCENARIO: You are about to build a business or an organization. As the leader of that business/organization, you are preparing a project proposal (also called a statement of work) that will be given to prospective shareholders, clients or donors. This is a persuasive document that will require proper planning to justify the request for support. You are free to choose whatever project you want: opening a coffee shop, a library, a school, a law firm, etc. You might want to consider thinking of a project you want to actually create one day, this way you can use this for your future goal. What is a project proposal? It is a document designed to present a plan of action (for example: a business idea). It outlines the reasons why the action is necessary, and convinces the reader to agree with and approve the implementation of that action. OBJECTIVES OF THE ASSIGNMENT: For the word assignment you must create a document which represents a typical project proposal outline: ï· The project description ï· The timeline and delivarables ï· The location of your prospective business/organization ï· The budget ï· The potential value of business/organization Basically the Why, Who, When, Where and How Assignment length: About 5 pages long (Plus bibliography & title pages). Note: Feel free to have a paper that is informal (play with colors, imagesâ¦)

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Suppose you decide (as decide (as did Steve jobs and Mark Zuckerberg) to start a company. Your product is a software platform that integrates a wide range of media devices, including laptop computers, desktop computers, digital video records, and cell phones. Your initial market is the student body at your university. Once you have established your company and setup procedures for operating it, you plan to expand to other colleges in the area, and eventually to go nationwide. At some point hopefully sooner rather than later, you plan to go public with an IPO, and then to buy a yacht and take off for the South Pacific to indulge in your passion for underwater photography. With these issues in mind, you need to answer for yourself, and potential investors, the following questions.

1. What is an agency relationship? When you first begin operations, assuming you are the only employee and only your money is invested in the business, would any agency conflicts exist? Explain your Answer?

2. If you expanded and hired additional people to help you, might that give rise to agency problems?

3. Suppose you need additional capital to expand and you sell some stock to outside investors. If you maintain enough stock to control the company, what type of agency conflict might occur?

4. List three provisions in the corporate charter that affect takeovers.

5. Briefly describe the use of stock options in a compensation plan. What are some potential problems with stock options as a form of compensation?

6. What is block ownership? How does it affect corporate governance?

7. Briefly explain how regulatory agencies and legal systems affect corporate governance.

Over the past few years, the number of start-up companies attracted to either doing business themselves in the cloud, or specifically creating applications for others to use in the cloud, has grown significantly. A few but very promising enterprises have launched applications in âcontainerâ technology, which enables companies, programmers, or other enterprises to both launch and run applications solely in the cloud. There is still a lot of room in this emerging marketplace, and you are diving in. The product youâve developed has a unique angle to tap into the local-grown/local-made/local-paid movement thatâs also growing larger every day. Your initial market is your own small city, which operates independently but which is linked economically and via public safety provision to another small city sitting directly across a river separating the two. Once youâve been able to launch your company in your city, you plan to approach the âsister cityâ leaders, then the county, state, and eventually go national. Itâs too soon now, but your future plans entail an IPO offering to accomplish all this. Eventually, you hope to be able to re-imagine your product to go global. You have big plans, are close to being tapped out financially and you now need to plan for additional investors. Address the following considerations as they apply to your product launch. 1.Describe an agency relationship and how it may/will take shape for your small company. As the sole employee and investor in your startup, what agency conflicts might arise? 2.Six months have transpired, and youâve been able to add two employees. In this new arrangement, what agency disputes might now develop that need to be addressed, and how might you address them? What resources do you need to use or consider? 3.Another three months have passed. You are now ready to expand to your sister city and you need more capital. You decide the wisest path is to sell some stock to outside investors, but you will maintain control over your company by holding onto the majority of the stock. In this new scenario, what type of agency conflict might occur? How can you address this in advance? 4.The IPO was a success, and you have a robust number of shareholders. With board support, you determine it is time to hire a financial manager to help your firm achieve current goals and set new ones appropriate to the firmâs growth strategy. What professional strengths and skills will an individual seeking this position need to possess? 5.Another consideration you feel you need to address at this point, now that your firmâs stock is publicly traded, is how to sustain the high ethical standards youâve fostered thus far as you move into the firmâs future. What strategies can your management team implement to conduct your business with both personal and professional integrity? What steps can you take to ensure that ethical considerations for financial and other management decisions are embedded into the firmâs culture? 6.Congratulations - you are now at Year One, and everything is moving along faster than you anticipated. While this is great, you are at the point where you need to raise additional capital from outside lenders. With this decision, what type of agency costs might the company incur? How might a lender mitigate any agency costs? 7.Year Two rolls around. Your company has been able to expand beyond your local communities and into to localities and governments in half the counties of the state. The stakes are getting bigger and you welcome the idea of high-level input to ensure the company keeps growing and expanding. You cash out the majority of your stock and turn the company over to an elected board of directors. Neither you nor any other stockholders own a controlling interest (which is also the situation at most public companies). List six potential managerial behaviors the new board might take that could harm your companyâs value, and what steps overall can put into place to avoid or mitigate these. 8.You are also aware from your prior career and from your research, that corporate governance can affect shareholder value. This greatly concerns you, as you still have lofty plans for your companyâs growth and eventual global trajectory. Questions youâve identified that need to be addressed at this stage include: a) What is corporate governance?; b) What five corporate governance provisions are internal to a firm and are under its control?; c) What characteristics of the board of directors usually lead to effective corporate governance?; d) What characteristics of the board of directors signal ineffective or problematic governance practices?; e) How can regulatory agencies and legal systems affect corporate governance? If there are differences in local versus national levels, expand upon these. 9.Lastly, one of your new board members is very concerned with âblockholders.â What is block ownership? How does it affect corporate governance? Explain the pros and cons.

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