309 Case Paper #1 Karen Leary The case mainly describes the conflict between the resident vice president and general manager at the Elmville branch of Merrill Lynch‚ Karen Leary‚ and a Taiwan-born financial consultant under Leary‚ Ted Chung. The most significant problem in this case is that he threatens his superior‚ Leary‚ to let him have a private office. He thinks that he deserves a private office and says that he will leave Leary’s branch if not allowed. However‚ his superior‚ Karen Leary
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the case of Karen Leary and Ted Chung is the fact that Karen Leary failed to fully educate herself on the fundamental aspects of Taiwanese culture and communication when seeking to develop the Taiwanese market by hiring a Taiwanese financial consultant. Culture‚ according to the text‚ is a set of beliefs and values about what is desirable and undesirable in a community of people‚ and a set of informal and formal practices to support the values. After interviewing Chung eight times‚ Leary noted
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Karen Leary A case analysis presented by Ranjita Ojha 35 Priyanka Kamble 31 Rubina Kuasar 88 Krutadnya Digrajkar 67 SITUATIONAL ANALYSIS Karen Leary worked as an FC at Merrill Lynch for six years before moving to a management role. Leary’s management style was hands-on and aggressive. She developed innovative sales and training programs as well as a voluntary mentoring program to motivate older‚ possibly complacent top producers and help younger FCs get started
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considered a trustworthy business partner in the Chinese community. (Moorhouse‚ 2005) Karen had trouble understanding these differences in culture which is the root of the problem in this case. As stated in the case study Ted was in his early forties were stable and responsible. Karen admitted that she didn’t really know the whole person (referring to Ted) but wrote it off to the fact that he was Asian and she was not. Karen would not be described as someone with much “Cultural Intelligence” defined by
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to think critically about the Karen Leary Case. Reread the Open Systems resource (found in the resources tab) to help construct your answer. Responses should be 1-2 pages long and should answer the following questions: 1) Provide a complete list of 7-8 norms of the emergent role system that developed in Karen Leary’s branch of Merrill Lynch. Provide a short explanation for each norm: what it is and why it has emerged. 2) Discuss 4-5 major problems that Karen Leary is experiencing. 3) In your
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fully understood. This was a problem that Karen Leary had to face when managing her new employee‚ Ted Chung. There are two main problems in this case study. The first is that Karen Leary was unable to effectively manage cultural diversity and the second is that Ted Chung was unable to adapt to the organizational culture of Merrill Lynch. This paper will discuss what was done and improvements which could have been made to the situation. When Karen Leary first hired Ted Chung‚ there was something
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Karen Leary Case Analysis 1) What is the most significant problem in the case? The most significant problem lies between Karen and Ted is cultural difference. Besides‚ they seem to have communicating problem derived from cultural misunderstanding. Therefore‚ the problem is caused by both of them. But the solution should be approached from Karen first because she is the manager (and also the vice president) over Ted. She is responsible to take care of her employees. 2) What are
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Karen Leary Case – Philipp Loebermann Table of content: 1. Significant problem 2. Author´s point of view 3. Justification of the author´s point of view Significant problem Looking at cultural norms‚ Chung really operated under the established norms for Taiwanese culture. Chung was trying to build up a good relationship with the Taiwanese clients – to do so he tried to use some of the Chinese management principles: * Paternalism * Particularism * Insecurity In addition
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1. Why did Irving Fisher believe that stock prices had reached a permanently high plateau? 2. Why did the stock market crash in 1929? 3. Why did influential individuals like Fisher‚ Keynes and Rockefeller believe that the downturn would only be temporary? 1. What role did Bear’s culture play in its positioning vis-à-vis its competitors‚ and what role might that culture have played in its demise? 2. 2. How did Bear’s potential collapse differ from that of LTCM in the eyes of the Federal Reserve
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Financial Statement Analysis Case Discussion Questions CASE: The Case of the Unidentified Industries - 2006 The questions are in the case. However‚ the following information might be helpful. 1. For purposes of this case the loans of the commercial bank are classified as accounts receivable and the deposits as accounts payable. 2. Unlike most business done on a credit basis where $1 of revenue creates a $1 accounts receivable‚ in advertising $1 of revenue creates $1/15% = $6.67 of accounts
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