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andrey2020 [161]
2 years ago
6

The family business is looking to expand, and some members of the family, but not all, feel that it might be worth bringing in s

omeone from the outside to fill one of the new management positions because the family talent has been pretty much exhausted. Design a process for hiring an external manager. What things should be considered
Business
1 answer:
natka813 [3]2 years ago
6 0

In order to hire an external manager for an expanding family business, it is necessary to implement a hiring process that clearly identifies the organization's set of needs, values ​​and objectives, in order to take the right action.

<h3 /><h3>Family business</h3>

This business structure corresponds to the management and decision-making authority of family members, which can mean a stronger organizational culture with well-established and even inflexible values.

Therefore, according to the culture, in a hiring process, the ideal profile of the professional must also be established for the expansion strategy, which constitutes the focus of the company.

It is also necessary to have an accountability plan that guarantees greater autonomy to the professional, since in family businesses decision-making can be more rigid and centralized.

This can be a positive decision to increase knowledge and bring a differentiated vision to the company, generating innovation and creativity.

Find out more information about family business here:

brainly.com/question/25452811

You might be interested in
An investor is considering a $25,000 investment in a start-up company. She estimates that she has probability 0.2 of a $15,000 l
lozanna [386]

Answer:

$21,000

Explanation:

initial investment $25,000

we need to determine the expected value of every possibility:

  • $15,000 loss ⇒ 20% x $10,000 = $2,000
  • $29,000 loss ⇒ 15% x $5,000 = $750
  • $40,000 gain ⇒ 5% x $65,000 = $3,250
  • break even ⇒ 60% x $25,000 = $15,000

total expected value = $21,000

8 0
3 years ago
A(n) ________ is defined as a tangible good, service, idea, or some combination of these that satisfies consumer or business cus
lana66690 [7]

A <u><em>product </em></u>is defined as tangible goods, services, ideas, or some combination of that satisfies the consumer.

Tangible good:

Tangible goods are any items that can be physically touched, moved, seen, weighed, measured, or picked up. A car, printed book, clothing, tools, flowers, furniture, or DVDs are just a few of many examples of tangible goods.

Intangible or Abstract goods;

An intangible good is claimed to be a type of good that does not have a physical nature, as opposed to a physical good (an object). Digital goods such as downloadable music, mobile apps, or virtual goods used in virtual economies are proposed to be examples of intangible goods.

For more questions like Tangible products visit the link below:

brainly.com/question/15323118

#SPJ4

3 0
1 year ago
How do you make a profit in a bond?
Kisachek [45]

Answer:

Hold those bonds until their maturity date and collect interest payments on them. The second way to profit from bonds is to sell them at a price that's higher than what you pay initially.

Explanation:

As there is to everything, not only are there advantages, but there are disadvantages as well in bonds. Just sayin'

4 0
2 years ago
Some organizations may choose to have job applicants complete an application form created by the firm, instead of just allowing
mr_godi [17]

Answer:

see below

Explanation:

Job applicants complete an application form created by the employer to gather relevant information from potential employees. One reason employers prefer Job application forms is to gather comprehensive and consistent data from all applicants. This facilitates a fair analysis of applicants' backgrounds.

Application letters and resumes may not have uniform data. The employer designs the application form to ensure they get all the data they require from all applicants. Again, resume's do not include important information such as names and contacts of immediate and past supervisors.

3 0
3 years ago
Sung owns a plumbing supply store. One of his clients, Village Plumbers, has a charge account with his store. This month Village
PilotLPTM [1.2K]

Answer:

$297.66

Explanation:

The total costs of the items would be

200 feet pipe :  200 x $0.40 = $80.00

150 elbow joints:  150 x $0.75 = $112.50

36 outdoor faucets: 36 x $2.49 =<u>$ 89.64</u>

Total cost        <u>  =$282.14</u>

add 5.5% tax

=5.5/100 x $282.14        <u> =$15.52</u>

Total      <u> $297.66</u>

The balance on Village Plumbers’ charge account =$297.66

4 0
3 years ago
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