Brief Memo to Board Members: Managing Economic Challenges
For this assignment, you will be writing a brief memo to the board members of the company. Your goal is to clearly and concisely state your actions and reasoning in two pages (max 1000 words). Suggestions/guidelines for your submission: You will be assessed on how you approach each problem (the scenario and problems presented will be uploaded as additional material) and the logic behind your solutions, so you need to be specific in your comments. Try to be more analytical than emotional in your responses. • Generalities and simple repetition of case facts will not result in a good grade. • You are to decide what actions you would propose and clearly state the reasoning that you used. Be creative, clear and concise. • If you reference outside resources, cite the sources. • You should be concise, logical, and clear. Do not repeat the question, doing so is a waste of space. Use a header as appropriate. • Write this as a memo to the board members as a decision regarding the company. You may add a note on your personal plans but keep this brief. Try to be more analytical than emotional in your responses.You should be concise, logical, and clear. Do not repeat the question, doing so is a waste of space. You may format as you wish but think of legibility for business purposes and be consistent! The questions that need to be addressed for each problem/dilemma are: What do you do? Describe how you would weigh the various options. What are the most important considerations to you? Why? What ethical concerns do you face? What role do they play in your decision? Once you have decided on and justified a course of action to pursue, how would you go about implementing it? What steps would you take, and in what order? Be detailed and specific in your response.