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Case 4.1
Bill is concerned about Tim's self-esteem.Tim's attitudes about himself have begun affecting his work.Tim is just consumed with the fear of failure.He keeps telling himself that he's a failure,there's no use trying,and he can't do any better.Bill says to Tim,"It's good that you know what you can and can't do;that helps you be more realistic about life.You just need to think of these matters in positive terms rather than hating yourself."
Bill manages Tim by telling him that he appreciates his hard work.Bill points out the things Tim does well and regularly explains to Tim that he expects great things of him.After a few weeks,Tim begins to perform more effectively and his fear of failure decreases.Bill further takes Tim "under his wing" and begins to advise him on professional behavior,gives him time to explain ideas and his concerns,and even becomes an advocate for Tim with Bill's boss.
-Refer to Case 4.1.What strategy might Bill suggest that Tim could use to build his self-esteem?
Return on Assets
A profitability ratio that measures how effectively a company uses its assets to generate profit, calculated as net income divided by total assets.
Vertical Analysis
A financial analysis method that expresses each item in a financial statement as a percentage of a base amount to compare different years or companies.
Cost of Goods Sold
The immediate costs involved in making the products that a company sells, comprising both materials and labor.
Net Sales
The revenue generated from sales after deducting returns, allowances for damaged or missing goods, and discounts.
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