As Director of New Projects, You Have Just Learned That

question 156

Essay

As director of new projects, you have just learned that cash flow problems have forced your organization to cut back product-development activities. This means that two of the eight projects currently being developed must be terminated, along with the employees working on those projects (about 25 per cent of employees in your unit). You have a good knowledge of these projects as well as the performance and seniority of employees who work in your unit. While some projects clearly have a high chance of success, the long-term potential of a couple of them is unknown. Identify the best level of employee involvement in this situation and describe three factors (contingencies) that support this level of involvement.

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Definitions:

Senior Partner

A higher-ranking or more experienced partner in a business or law firm, often involved in decision-making processes.

Job Burnout

A state of physical, emotional, or mental exhaustion combined with doubts about one's competence and the value of work.

Bank Managers

Individuals responsible for overseeing the daily operations of a bank branch, including managing staff, meeting financial targets, and ensuring customer satisfaction.

Age Discrimination

The unfair treatment of individuals based on their age, particularly in employment practices.