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A New Subsidiary (Scenario)
Philip works for a large multinational corporation with offices in 23 countries, 64,000 employees worldwide, and $8 billion in annual sales. The company was involved in several different industries: automotive parts, rapid transit systems, and recreational vehicles. Philip is the executive vice-president of new technology ventures.
Philip wants you to investigate and potentially launch a business focusing on alternative energy systems. The first area you are to explore is the potential business opportunity of ocean tidal energy. You are to explore what technology already exists that can be exploited, what additional technology development is needed, and figure out the viability of the tidal energy as an entrepreneurial venture.
-It is rumoured that Philip has been directed to develop this business for the overall good of the planet,as a way of contributing to the turnaround of greenhouse gas and oil consumption issues.The company would be set up as a public trust,with all profits either returned back to the organization for further development or donated to specific organizations such as the Bill and Melinda Gates Foundation.If so,this would then become a ________.
Navigate
To plan and direct the course of a journey, or metaphorically, to find one's way through complex situations or challenges.
Interpretivism
An approach in social science that emphasizes the understanding of the subjective meaning of human experiences.
Organizational Culture
The shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.
Pragmatic Understanding
A practical approach to comprehending subjects, focusing on the practical application and effectiveness of knowledge rather than theoretical or abstract aspects.
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