Discussion 1: Fikes Products
Respond to the following:
• From the case study, discuss possible new options for finding quality employees other than those considered in the case study.
• From the case study, discuss how Mark Sims could better motivate the employees he already has to become more productive and dedicated. Provide specific examples to support your response.
Discussion 2: Management Succession and Risk Management Strategies
Respond to the following:
• Assume you are the owner of a small business with which you are familiar. Outline the basics of a management succession plan for passing the business on to the individual of your choice.
• Referring to the same small business, determine the most appropriate way for that business to minimize its exposure to risk. Explain your rationale.