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Business: A Changing World, 4/e
O.C. Ferrell, Colorado State University
Geoffrey Hirt, DePaul University

The Nature of Management

Internet Exercises

1. Inside the Idea Factory

Instructions

Idealab was founded by entrepreneur Bill Gross in March 1996 as an incubator for starting and growing Internet businesses. Follow the link to the Idealab Web site, where you can read about the company, the startups, and current news.

Idealab http://www.idealab.com

Take advantage of the information provided on the Web site to answer the following questions:

  1. What does Bill Gross argue is most important for determining organizational success?

  2. Discuss the role of Bill Gross and Idealab employees vis-à-vis the managers and employees of the startup Internet businesses.

  3. Describe the founder's philosophy regarding the managerial activities of organizing, staffing, directing, and controlling.

2. A Day in the Life of a McDonald's Restaurant Manager

Instructions

Follow the link to the McDonald's Web site to learn more about the famous restaurant franchiser. Learn as much as you can about working and managing in a McDonald's restaurant.

McDonald's http://www.mcdonalds.com

  1. Most managers are responsible for organizing, staffing, directing, and controlling. As the restaurant manager, what specific activities would you likely perform in each of these categories? How do these activities differ from those of an assistant manager and manager trainee? How might your activities change if you were to leave McDonald's and start your own small fast food restaurant?

  2. After examining some data, you discovered that employee tardiness and absenteeism has increased ten percent since last year. Describe the steps you would take to resolve this problem.





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