4. Hoilman, Inc. has the cutting edge technology and communications software to monitor robotics equipment
5.
6. He had some knowledge of the company because he had tried a joint venture with them in the past that did not work out.
7. Don felt his company would be bigger and better if he was able to acquire Hoilman, Inc
8. He knew it would be a challenge since the tool industry was a slow growing sector and they would have to learn the ins and outs of the new addition to the company
32. Autocratic Style An autocratic leadership style is one who leads as a tyrant with absolute power and ruling "with an iron fist."
33. Autocratic Style Advantages Emergency situations Armed Forces Employees know what is expected Decisions are made quickly Disadvantages Talent flees – Mediocre Stay High turnover Decisions become bottlenecked Creativity is discouraged
34. Consult Individuals or Group Manager presents the problem to the group members individually, gets their suggestions, and makes the decision Manager presents the problem to the group and gets their suggestions and makes decision
35. Consult Individuals or Group Advantages Increases job satisfaction Develops people’s skills Motivates employees Team members feel in control of their own destiny Disadvantages Takes more time Disagreements Less initial production If leader is unsure he may lean on the group too much
36. Facilitate Assist the group as they work together toward achieving group goals, and in most instances do not interject their own personal opinions or agenda Never doubt that a small group of thoughtful, committed citizens can change the world: indeed, it's the only thing that ever has. -- Margaret Mead, Anthropologist
37. Facilitate Advantages Team building opportunity New Ideas Creative and Practical Ideas Everyone can participate Disadvantages One person dominates the discussion Several people refuse to participate The group can become distracted
38. Delegate Delegation is when supervisors give responsibility and authority to subordinates to complete a task
39. Delegate Advantages Frees management to take care of more tasks Increases motivation Showcases employees skills and talents Disadvantages Manager gives up some power Manager is still responsible for the results Managers can delegate too much of their work
40. Vroom-Jago Analysis The Vroom-Jago Model helps a manager gauge the appropriate amount of participation by subordinates in making a specific decision (Pg216) Based on the Vroom-Jago Model Don Anglos should consult the group before making the decision to buy Pinnacle Machine Tool Co.
41. Would I recommend that Pinnacle attempt to acquire Hoilman based on what is known today? No. I am not convinced that this new course of action will meet the company’s needs or that of the customer.
42.
43. Limited growth in tool industry due to foreign competition and a soft economy
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