Three Gens

In: Business and Management

Submitted By lhouseho
Words 1138
Pages 5
Luke Householder

Three Generations

The Three Generations case has several problems that show from the first transition of father to son, and carries on throughout the live of the business. The one major underlying problem is the lack of central control and power. This can be stated as the lack of effective corporate governance. This problem shows itself over and over in the business. The lack of conformity and strategy, the legal issues, and the splitting of the company are signs of the problem. The symptoms that arise from the lack of corporate governance are obvious, beginning with unclear leadership. The idea of corporate governance is to align the decisions of the managers to best suit the interests of the owners, or shareholders. In the case of Three Generations the owners and the decision makers are the family. The causes conflict of interest early on. The majority owner, Harry and Don after the first transition, are assigned control and given the task to build the business. The problem is that the minority owners, the sisters, have little to no say in the actions of the company. The legal battle that ensues creates a divide in the family, which are the shareholders. The intensions of the sons were to grow the business and the family legacy, but the path to do so was not shared. An alternative they could have used earlier in the process would have been to bring in an outside professional to develop the strategy and carry it out with their interests in mind. They eventually got to that point, but I believe a little too late. Once the company became large enough the family should have backed away from the decision side and let a manager run it. This would have created a clear leader in the organization, defined the goals, and allowed for the voice of the owners to be heard, but not the final word. Separation could have solved the issue with the…...

Similar Documents

Gen 200

...Course Design Guide GEN/200 Version 2 Course Syllabus College of Humanities GEN/200 Version 2 Foundations for General Education and Professional Success Copyright © 2011, 2008 by University of Phoenix. All rights reserved. Course Description This general education course is designed to introduce the intentional learner to communication, collaboration, information utilization, critical thinking, problem solving, and professional competence and values. The course uses an interdisciplinary approach for the learner to develop personal academi c strategies in order to reach desired goals and achieve academic success . Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents:   University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Ellis, D. (2011). Becoming a master student (13th ed.). Boston, MA: Wadsworth, Cengage Learning. All electronic materials are available on the student website. 1 Course Design Guide GEN/200 Version......

Words: 3013 - Pages: 13

Gen Y Advertising

...discuss the appropriate appeals, message themes and media vehicles necessary to reach Gen Y and propel the Chevrolet brand above its competitors. Appeal Engaging Gen Y’s attention will require a combination of appeals to resonate brand messaging as they have collectively begun to tune out traditional advertising (Carter, 2010). Successful brands have strategically used humor, emotion and music to appeal to Gen Y’s individuality thus allowing the brand to grow (Carter, 2010). Chevrolet’s goal is to establish a following with members of Gen Y and build upon this following via peer referrals (word of mouth). Humor will engage and capture their attention allowing for better recall of the message and brand (Clow, 2012). The ads will contain quirky, ironic humor and have a sense of truth to make them believable. Humor will relay the Chevrolet brand as fun and entertaining and Gen Y’ers will respond to a brand that does not take itself too seriously. While humor will be the main appeal, an emotional response will also be created so that Gen Y can personalize and envision being inside the message (and therefore in a Chevrolet). Emotional appeal will foster brand building; creating perceptions and positive attitudinal changes in trust and reliability (Clow, 2012). Garnering trust and reliability will prove Chevrolet’s authenticity which is an important attribute for a brand to have with Gen Y, they don’t waste their time or money on companies that are not being real and......

Words: 2004 - Pages: 9

Gen 200

...GEN 200 3/3/13 I determined the sources for my essay to be reliable because they came from some credible sites. One of my sources came from a .com website that is from a college library. The other came from a .org which I find reliable as it is a well-established organization. Finally my third choice for a source is a .edu that is from a research institute. I also did a little research on the authors and they were all well established and respected writers which would also make my research more reliable. All three of my selections were relevant because they were all on the same subject of responsibility as my essay is on personal responsibility. My sources were also all fairly recent the oldest of the three was written in 1994 but I still find the information very useful and it still applies with these modern times. The other two sources were a little newer one was written in 2009 and the other was written in 2013. One of my sources which is The Heritage foundation that is a .org website is a very conservative organization and that would tell me that the author would have a bias based on his political views. Another website I used which is Brookings institute is a .edu and their views seem to me are more towards the liberal side and would also have a bias because of their beliefs. My third choice was geared more towards a law standpoint. I think the information I have used in my essay will do more to strengthen my essay because it all backs up my thesis...

Words: 760 - Pages: 4

Gen Y

...Gen Y A SDSU associate professor Jean Twenge is concerned that Generation Y is becoming a narcissistic society. Social websites are increasing and the new trend Gen Y is doing is “self promoting”. Technology is becoming more advanced and Gen Y’s are more obsessed with their cell phones and I-pads rather than spending quality time with their families. Children prefer to watch popular shows such as “Sweet 16” and “Keeping up with the Kardashians” than the ABC news. Gen Y’s are too focused on the “self” and have lost their ability to live in a society that is not focused on the “self”. Online social websites such as Facebook, and YouTube are some of the highest rated websites. People are fascinated to either self promote or to gain self-confidence by watching other’s life style online. There is no boundaries sharing their information online and almost everything is about the self. People on YouTube advertise what they wear and what products they buy. YouTube gurus are trying to influence their viewers to gain self-esteem by looking a certain way. And in order to look confident you must by certain products. A college degree is not enough in a competitive work field because a certain image is now required. Twenge mentioned in her article that the competition is fierce. To get hired you must look and dress a certain way. Therefore, Gen Y’s are focused on the self and improving their self-ego and confidence to beat the competition. Everywhere we go we see people with some type......

Words: 738 - Pages: 3

Gen 200

...Communication and Collaboration Strategy Foundations for General Education and Professional Success GEN 200 University of Phoenix Dr. Janice Carter-Steward, Instructor January 25, 2010 We all different. No one person has the same personality or learning style. This is what makes the world uniquely balanced. The mystery is learning to accept and recognize these learning styles and personality types. In various occupations, sometimes we are forced to interactive and collaborate with other individuals that do and see things in very different ways. It is then our goal to identify their strengths and weaknesses that will improve the success of the team and overall work performance. Challenges will always exist among individuals that work together, but having good communication and collaboration will benefit all those involved. Learning styles, personality type and time management used to be merely educational jargons for me. Little did I know that all of those components were directly related to the learning process. While reading and performing various assessments, I have recognized several learning styles, their functions and how they contribute to great team work and support. I have explored the learning skills of The Interpersonal, The Visual-Spatial and The Logical-Mathematical Learners. These individuals bring several needed skills to small groups and team projects. The Interpersonal is one who actually likes and enjoys team......

Words: 627 - Pages: 3

Gen 480

...GEN 480 Interdisciplinary Capstone Course Program Council The Academic Program Councils for each college oversee the design and development of all University of Phoenix curricula. Council members include full-time and practitioner faculty members who have extensive experience in this discipline. Teams of full-time and practitioner faculty content experts are assembled under the direction of these Councils to create specific courses within the academic program. Copyright Copyright ã 2000, 2001, 2002, 2004, 2005 by the University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks or their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Course Syllabus Course Title: GEN 480 Interdisciplinary Capstone Course BSBM.04-08.BSMB0533A Course Schedule: 04/08/08 to 05/12/08 Required Text: Paul, R., & Elder, L., (2002), Critical thinking: Tools for taking charge of your professional and personal life. Upper Saddle River, NJ, Prentice Hall. Paul, R., & Elder, L., (2003), The Miniature guide to understanding the foundations......

Words: 4616 - Pages: 19

Gen 200

...Money Management Korey A. White GEN/200 November 17, 2010 Abstract Managing money by putting a certain percentage of your income in categorized accounts gives you a better understanding of where your money is going. There are three account types I have chosen for this paper. Financial Independence Account, which is for retirement. The Fun Account, which is used to reward myself for working. Then there is the Life Expenses account used for everyday life activities and needs. Upon reading this paper you will have a clear understanding of how these accounts play a role in helping me manage my money. Money Management Managing my money is my day-to-day problem. When I was in the military, I did not have to worry about money management, because I lived on base and ate for free. So the only bills I had were my car payment and my cell phone bill. Because of those being the only bills I had, I was able to go out and splurge and buy whatever I wanted. Now that I am no longer in the military that way of living has stuck with me even though I have more responsibility and less money. After doing some research on how I can start managing my money, I have found three main ways to help me with money management. They are Financial Independence Account, Fun Account, and a Life Expenses Account. Although it is possible to manage money effectively, managing money is difficult when I spend it as fast as I receive it. Developing a Financial Independence Account will......

Words: 747 - Pages: 3

Gen 499, Gen/499, Gen/499,Gen499

...HELPIDO.COM FOLLOW THIS LINK TO GET THE TUTORIAL ------------------------------------------------------- -------------------------------------------------------- FOLLOW THIS LINK TO GET THE TUTORIAL ------------------------------------------------------- -------------------------------------------------------- gen 499 Week 1 DQ 1 Week 1 DQ1 Final Research Paper Topic and Plan The first step in the research process is selecting a topic that is both interesting and manageable. For this discussion, complete the following: Review the Final Research Paper instructions in Week Five, and identify three potential research topics. Describe methods that may be helpful in identifying and narrowing your research paper topic. Examine two scholarly sources that may prove valuable as you seek to defend your claims. Address why scholarly sources should be used to support your writing on the selected topic. Your initial post should be at least 250 words in length. Support your claims with examples from required material(s) and/or other scholarly sources, and properly cite any references. Respond to at least two of your classmates’ posts by Day 7. Week 1 DQ2 Social Media The introduction of new technologies has significantly affected the social lives of many. These changes, which reflect how people use technology to interact, provide an example of trends that you might......

Words: 3731 - Pages: 15

Gen 200

...the following items in your paper: • Identify at least three different learning styles and develop a strategy for effective communication and collaboration among your selected learning styles. • Identify at least three different personality types and develop a strategy for effective communication and collaboration among your selected personality types. Aug 8 10 Learning Team Learning Team Charter Resources: Multiple Pathways to Learning Assessment, Personality Spectrum Assessment, and GEN/200 Learning Team Charter Assessment, located on your Week Two student website Share results from the Multiple Pathways to Learning Assessment and Personality Spectrum Assessment with your fellow Learning Team members. Complete the GEN/200 Learning Team Charter using the results from your Learning Team’s discussion of the Multiple Pathways to Learning Assessment and Personality Spectrum Assessment. Aug 8 10 Week Three: Information Utilization Details Due Points Objectives 3.1 Identify technology resources to meet educational goals. 3.2 Identify resources for improving writing. Reading Read University of Phoenix Essay Guidelines. Reading Read this week’s Electronic Reserve Readings. Discussion Questions Participation Respond to weekly discussion questions per Instructors Policy Document. Aug 15 4 Individual Student Web Scavenger Hunt Resource: Student Web Scavenger Hunt located on your Week Three student website Complete the Student Web Scavenger Hunt......

Words: 1168 - Pages: 5

Gen X to be slackers, they are not fortunate enough to have that luxury. During this generation, divorce was on the rise and many children born during this generation were raised by divorced parents. Due to this, they had to become self-sufficient at a young age, becoming “latch key kids”; they had to do many things for themselves. This generation had to make a way of their own with very little help from their Baby Boomer parents, or even society. According to the U.S Census Bureau, as of 2012 there were 49,197,918 Gen X’ers. Met-Life surveyed a total of 1,000 individuals born during this generation and found that slackers they are not. 75% of these individuals are working, with 65% working full time and 10% working part-time. Only 3% of the 1,000 surveyed did not complete their high school education. Their annual income varies depending on other factors but ranges from 36 thousand a year to 46 thousand on the low end of the scale. (Demographic profile America's Gen X, 2013) Another misconception I noticed while researching this topic is the ongoing accusations of selfishness. Thought of as a disaffected crowd with tattoos and piercings, they only care about themselves. This generation has taken on the responsibility of parenting their own kids, as well as bringing their elder (and sometimes ill) parents into the home to take care of them. According to an article posted in the Wall Street Journal dating as far back as 1996, it stated that 24% of people under the age of 32......

Words: 1291 - Pages: 6


...selections. * User status- An example of user status segregated marketing is The company offers a huge discount for signing up on your first item. Another example of user segregated marketing is chilis. They offer you a free appetizer for signing up on their email list to get future deals and specials they have delivered to your email. 6. A core product, actual product, and augmented product (Explain each example, why/how?) The core product of Starbucks are refreshments and time passing drinks. The actual product is coffee the augmented levels are different kinds of blends, top notch quality, excellent taste, wonderful lighting, diluting music, etc. The excellent ambience is backed up by great service by personnel. 7. Three examples of each of the following consumer goods: (Explain each example, why/how?) * Convenience – One example of a convenience good is fast food. This makes a person’s busy schedule easier by not having to prepare dinner for themselves or family. Another example of a convenience good is booking a travel agent. This saves people the time and tedious task of trying to find the best deal while booking a vacation. Another example of a convenience good is an automated car wash. Instead of having to personally wash your car you can go through a machine that does it for you * Shopping- An example of a shopping consumer good is a washer and dryer. A consumer would browse around to find the most affordable durable option. Another......

Words: 1957 - Pages: 8

Gen 200

...Personal Ethical Statement Corrie Robinson GEN/200 7/12/2014 LaTishia Wheaton MS/AJS Personal Ethical Statement My preferred ethical lens is results and reputation. People who have this lens are reported to listen to their intuition, and to determine the greater good for everyone’s character traits and virtues that will better serve the community. My blind spot is unrealistic role expectations. Meaning that I tend to not be accountable to those who depend on me as long as I have satisfied my own needs. This behavior leads to complacency, leaving problems unresolved in the long-term, and leaving people on their own fending for themselves. I also tend to rely too heavily on virtues associated with people’s roles in life forgetting that people are human and can make mistakes despite their role. According to my ethical lens, I show strength in free will and compassion. I contribute self-reliance and accountability to my environment. I am not afraid to pursue my passions. I also like to help and encourage the people that are around me to pursue their passion’s as well. According to my ethical lens, I also possess the ability to put myself in other people’s shoes and take an objective view of their personal lives and challenges while living my own life and fulfilling my personal responsibilities within my role. If I don not assure myself that everyone has free will, I run the risk of reducing my decisions off of narrow and financial......

Words: 365 - Pages: 2

Gen Y

...1) Recently, some marketers have noted that it is easier to develop communications programs to Generation X members than Generation Y. Briefly describe the characteristics of Gen X and Gen Y and whether or not you believe this to be true. There is some debate as to whether Gen X’ers (born between 1965-1978) or Gen Y’ers (1978 to 1986) is more easily targeted by marketers. Each of these groups has their own identifying characteristics. Generation X consumers are typically characterized as self-confident, yet distrustful of those of previous generations (and of marketing practices). They also tend to be less optimistic than their Gen Y counterparts. They are demanding consumers, less concerned with brand names and image and more concerned with quality. Gen Y consumers love to spend. They process information quickly, are quick to adopt new technologies and are more optimistic about the future. In the eyes of some, they are “shameless consumers”. Compared to Gen X they are less rooted in social mores, and buy because they like to do so. While marketers may argue that Gen X is hard to relate to and more cynical and skeptical than the Y’ers, once you have their trust, they will become loyal and remain so—making them an attractive segment. The key is getting their trust. On the other hand, reaching Gen Y is not as hard. They will buy based on wants rather than needs, focus on image and brands, and consume as a way of life. They are easier to reach given a proliferation of......

Words: 2063 - Pages: 9

Gen 499 Bright Tutoring/Gen 499.Com

...GEN 499 Entire Course (Ash) For more course tutorials visit GEN 499 Week 1 DQ 1 Final Research Paper Topic and Plan GEN 499 Week 1 DQ 2 Social Media GEN 499 Week 2 DQ 1 Professional Resume and Cover Letter GEN 499 Week 2 Assignment Critiquing Internet Sources GEN 499 Week 3 DQ 1 Social Capital GEN 499 Week 3 DQ 2 Federal Policy GEN 499 Week 3 Assignment Annotated Bibliography GEN 499 Week 4 DQ 1 Call to Action GEN 499 Week 4 DQ 2 Final Research Paper Progress GEN 499 Week 4 Critical Thinking Quiz GEN 499 Week 5 DQ 1 Technology and Globalization GEN 499 Week 5 DQ 2 Reflecting on General Education GEN 499 Week 5 Assignment Final Research Paper ------------------------------------------------------ GEN 499 Week 1 DQ 1 Final Research Paper Topic and Plan (Ash) For more course tutorials visit Week 1 DQ 1 Final Research Paper Topic and Plan The first step in the research process is selecting a topic that is both interesting and manageable. For this discussion, complete the following: Review the Final Research Paper instructions in Week Five, and identify three potential research topics. Describe methods that may be helpful in identifying and narrowing your research paper topic. Examine two scholarly sources that may prove valuable as you seek to defend your claims. Address why scholarly sources should be used to support your writing on the selected topic. Your initial post should be at least 250 words in length. Support your...

Words: 829 - Pages: 4

Gen Y

...Gen Y Case * The differences between Gen Y (also known as the Millennial Generation or Generation Next) and the previous generation form the core issue in this case. This case is revolves around two characters, Josh Lewis and his boss Sarah Bennett. While Josh is a marketing associate with Rising Entertainment, Sarah is the marketing Chief of the movie division. The main issue is that there is a somewhat lack of mutual understanding between the two characters which may be crudely attributed to the generation gap between the duo. Rising Entertainment, one of the top three multimedia production and distribution houses in the world, was in process of releasing the fourth instalment (Fire Force Five-Ignition) of the extremely successful Fire Force Five movie series. The previous three movies released over the past 10 years had grossed more than $2.4 billion. Sarah, who was responsible for the distribution and marketing plan for the Triple-F series was, therefore, pretty obviously extremely concerned and careful about getting the same done in the best possible manner. She had done perhaps done even more than what constituted her responsibility including: * Leveraging her relationship with the reporters of various magazines, which she had forged over the years, to get behind-the-scenes and making-of feature articles placed in the magazines. * Overseeing the high-impact trailer that was to be reviewed in a meeting in which she was to make a presentation to the CEO Sam......

Words: 1137 - Pages: 5