Problem 1. The national ranking for business schools is based on the following variables. Based on the list of variables, develop a list of possible next steps the school could take to better its ranking.
- Written assessment by deans from peer institutions on a scale of 1 to 5
- Written assessment by recruiters on a scale of 1 to 5
- Average GPA of incoming students
- Acceptance rate of student applications (a lower percentage is better)
- Average starting salary of the school's most recent graduates
- Percentage of graduates employed on the date of graduation
- Percentage of graduates employed three months after graduation
- Average SAT (for the undergraduate program) and GMAT (for the MBA program) scores for entering students
Problem 2. Take the vision/mission statement of your current organization or locate a business's vision/mission statement. How could this statement be improved? Why have you suggested these improvements?
Problem 3. Assume you are a new division manager within a family-owned organization where the CEO has been in place for years. The CEO wants to take over a new business. There has been no discussion with the management team or planning. The other managers have elected you to speak to the CEO regarding the need to develop a business plan in today's business world. What do you say?