Last week, President Donald Trump announced proposed tariffs (import taxes) on i

Question

Last week, President Donald Trump announced proposed tariffs (import taxes) on imported steel from Canada, Mexico and the European Union (27 countries in greater Europe). In the United States, workers in our steel industry applauded this action, but internationally, this move was met with great criticism.

Question 2 – Why would the involved countries be upset with these tariffs?

Question 3 – What might Canada, Mexico, and the European Union do in response to the President’s actions?

Section Two- Chapter 7 Material - Planning

Question 6

What is a “mission” and should it have a connection to the stated goals of a company?

Section Three – Chapter 9 - Decision Making

This chapter of your textbook explains many different methods of decision making. Imagine that you participated in an all-day meeting of the senior managers in your company where the goal was to make a decision regarding a new promotional strategy for the marketing department. Everyone received detailed sales data and background information about past promotions, but at the end of the four-hour session, the group had not made a decision on the best way forward. As the meeting was breaking up, someone suggested that perhaps the group should conduct a brainstorming session. Someone else joked that this would be a great idea, but maybe with a different group of managers.

Question 7 - What is brainstorming and how does it work?

Question 8 - Why do you think someone made a joke regarding using a different group of managers for the brainstorming session?

Question 9- Your textbook describes the different styles of decision making: directive, analytical, conceptual, and behavioral. If you were forming a management team, would you want to hire managers who shared the exact same style in decision making? Answer yes or no and explain the reasons for your answer.

Explanation / Answer

Answering the first four parts as per guidelines

Question 2 – Why would the involved countries be upset with these tariffs?

Ans - The countries involved would be upset as the imposing of the tariff would hamper their export competitiveness which in turn would impact the domestic producers in the home country.

Question 3 – What might Canada, Mexico, and the European Union do in response to the President’s actions?

Ans - These countries in retaliation would impose tariffs on other goods which are exported by the US to these countries which might eventually spark a global trade war and ultimately lead to a decline of global trade volumes.

Question 6 -What is a “mission” and should it have a connection to the stated goals of a company?

Ans - A mission, as opposed to the vision of a company, is one of the strategic pillars on which the strategies of the company is made and defines what the company actually exists for and aims to achieve in the short term.

For example, the mission of Google is: Organize the world’s information and make it universally accessible and useful.

Whereas its vision is long-term and states that it aims to provide access to the world’s information in one click.”

Question 7 - What is brainstorming and how does it work?

Ans - The brainstorming forms the 2nd important part of a group development which has been further exaplained below.

One of the most popular theories of Group development is the Tuckman's Stages model which consists of the five stages namely:-

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