How Business Savy Are You? Quiz Queston
- Thread starter Deliguy
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Went with Jason, and instead of listing the reasons why just look at what everyone else is saying about Jason. Nothing else to be said, me thinks. (I voted before I read comments, so the dumbfucks above didn't influence my decision. And by no means do I claim to be business savvy.)
I chose Jason based on the little bit of information we have.
However, I want to know more about both, their strengths, and weaknesses. Also the company, it's products, marketing, etc. and the new company.
The example doesn't give enough information to make a truly informed decision, especially if we're talking about a multi-million dollar venture vs. a $300 PPC campaign.
However, I want to know more about both, their strengths, and weaknesses. Also the company, it's products, marketing, etc. and the new company.
The example doesn't give enough information to make a truly informed decision, especially if we're talking about a multi-million dollar venture vs. a $300 PPC campaign.
I chose not to answer... there are simply too many questions:
First of all, why would you expand in a completely DIFFERENT business when you are just now starting to kick butt in the industry you currently compete? You've been slowly growing for many years and just when you are about to hit a period of high growth, you want to pull out either the foundation/stability (jason) and/or the catalyst of rapid growth (brian)?
I call bullshit. Plus... I'm the entrepreneur... I want to head up the new business until things are how IIII want them and then I can delegate it's tasks to more people.
I don't think you know NEARLY enough about Jason or Brian OR the industry you're currently in.... or the one you hope to expand to. There are simply too many damn question marks and the employees and industries are just the beginning of them...
So, since I'm the entrepreneur and I set the rules, I choose to make a 3rd option that says, "Need more information." I'll choose that.
First of all, why would you expand in a completely DIFFERENT business when you are just now starting to kick butt in the industry you currently compete? You've been slowly growing for many years and just when you are about to hit a period of high growth, you want to pull out either the foundation/stability (jason) and/or the catalyst of rapid growth (brian)?
I call bullshit. Plus... I'm the entrepreneur... I want to head up the new business until things are how IIII want them and then I can delegate it's tasks to more people.
I don't think you know NEARLY enough about Jason or Brian OR the industry you're currently in.... or the one you hope to expand to. There are simply too many damn question marks and the employees and industries are just the beginning of them...
So, since I'm the entrepreneur and I set the rules, I choose to make a 3rd option that says, "Need more information." I'll choose that.
+1 for Jason. The new business is "completely unrelated" to the first business, so even though Brian is the top performer at the first business he could be a weaker leader at business #2 because of any number of reasons (uninteresting type of business, etc).
And even if Brian did a good job at business #2, taking him away from business #1 could cause everything to slow back down to how it was before he started.
And even if Brian did a good job at business #2, taking him away from business #1 could cause everything to slow back down to how it was before he started.
Brian.
The statement "Brian is a dream employee" (I would think) implies that Brian's skills are universal (opposed to being industry specific for example) and would thus make him fully capable of applying his success with business A to business B. How would (the loyal and trustworthy) Jason feel if some new guy came in and was clearly performing better than him and then the boss tells him he wants him somewhere else? I would imagine there would be a lot of jealously and disappointment no matter how well you worded it. I think it would be best to tell Jason you didn't really like Brian at biz A and you're going to have Brian work on something else instead. Tell Jason you think he's just as capable as Brian to rapidly grow the biz. And Brian thinks he's getting "promoted" and enthusiatically applies his skills to biz B. Morale is up! That's business advice from a 17 year old for ya (so it doesn't mean sh!t).
The statement "Brian is a dream employee" (I would think) implies that Brian's skills are universal (opposed to being industry specific for example) and would thus make him fully capable of applying his success with business A to business B. How would (the loyal and trustworthy) Jason feel if some new guy came in and was clearly performing better than him and then the boss tells him he wants him somewhere else? I would imagine there would be a lot of jealously and disappointment no matter how well you worded it. I think it would be best to tell Jason you didn't really like Brian at biz A and you're going to have Brian work on something else instead. Tell Jason you think he's just as capable as Brian to rapidly grow the biz. And Brian thinks he's getting "promoted" and enthusiatically applies his skills to biz B. Morale is up! That's business advice from a 17 year old for ya (so it doesn't mean sh!t).
When looking at a situation like this, there are several things to consider.
# 1 - Someone like Jason is a guy who you would want from the very beginning. There are only so many people who can innovate and help you grow a business from the ground up. The truth of the matter is, there are are plethora of managers out there who can take a business, after it's been established and run it.
But, to find someone like Jason who will be 1.) Loyal, and, 2.) Willing to make the sacrifice to stick through thick and thin (when the paycheck isn't always guaranteed); they are like a diamond in the rough.
# 2 - This is not to say that good managers & project managers can just be picked up at your local employment office. One of the major elements missing from most companies these days is the PM who can execute, meet deadlines and get the job done. I believe, (and some may disagree with this), the thing that is more valuable than sales guys is a good project manager.
There are some out there who could sell a vacuum (and the two-year warranty that comes with it), but they couldn't lead a project to save their life. And so I digress.
Too sum things up:
Have Jason work with you on the new company. Brian has already built up a strong working relationship wit the existing office; you don't want to lose productivity in the first company while trying to build the new one.
Your thoughts WF?
# 1 - Someone like Jason is a guy who you would want from the very beginning. There are only so many people who can innovate and help you grow a business from the ground up. The truth of the matter is, there are are plethora of managers out there who can take a business, after it's been established and run it.
But, to find someone like Jason who will be 1.) Loyal, and, 2.) Willing to make the sacrifice to stick through thick and thin (when the paycheck isn't always guaranteed); they are like a diamond in the rough.
# 2 - This is not to say that good managers & project managers can just be picked up at your local employment office. One of the major elements missing from most companies these days is the PM who can execute, meet deadlines and get the job done. I believe, (and some may disagree with this), the thing that is more valuable than sales guys is a good project manager.
There are some out there who could sell a vacuum (and the two-year warranty that comes with it), but they couldn't lead a project to save their life. And so I digress.
Too sum things up:
Have Jason work with you on the new company. Brian has already built up a strong working relationship wit the existing office; you don't want to lose productivity in the first company while trying to build the new one.
Your thoughts WF?
On the information given i would leave Brian with the current business and take Jason with me on the new business.
Should i not do this i'll risk things going bad with the current business because Jason is probably not fully aware of Brians dealings, i wouldn't want to disturb the relationships Brian has been building up that made the primary business grow and succeed.
Brian could always advise on the second business strategies and coach Jason to help out with the second business if needed.
Hire a third employee to work with Brian to take away time consuming matters so he can free up more time for his part on the secondary business.
I don't really see a need to exclude Brian fully from the secondary business, i do see a need to not fully dive in the second business with two feet forward...explore the market and opportunities and find ways to combine all of the strengths of the current employees.
Should i not do this i'll risk things going bad with the current business because Jason is probably not fully aware of Brians dealings, i wouldn't want to disturb the relationships Brian has been building up that made the primary business grow and succeed.
Brian could always advise on the second business strategies and coach Jason to help out with the second business if needed.
Hire a third employee to work with Brian to take away time consuming matters so he can free up more time for his part on the secondary business.
I don't really see a need to exclude Brian fully from the secondary business, i do see a need to not fully dive in the second business with two feet forward...explore the market and opportunities and find ways to combine all of the strengths of the current employees.
I'm with trigatch there's WAAAAAAAAAAAAAAYYYYYYYYYYYYYY to many unanswered questions. Such as when you asked them about the new opportunity who was more interested and who had a better skill set? I work with a lot of people and they all have different skill sets. For example I work with someone who's a great coder but he doesn't really have any interest in overseeing other coders. So in the case where I think it's going to involve management of other people most likely I'm going to pick someone different even though I've worked with him the longest. Again just sooooo many unanswered questions. Time frame some one has worked with you means a lot but it does'nt mean they're the best person for a position just based on length of tenure. I'd say talk to your guy who's been working with you a long time he may not even be interested as it may be a position that involves things he doesn't want to do.
Yes I do. When I'm in Vegas, or you're in Omaha we'll hit the best steakhouse we can find.
If I had to choose between the two, I'd pick Jason. (On the little information we have.) I wouldn't want to really ruin the success currently happening. But if you did move Brian to the new project, perhaps they can take ownership in the successful projects they both started instead of trding them off.
But ideally, I'd have to understand if both of them have knowledge in this 'un-related' business field to have the new business running nicely. If they have little experience, perhaps hire someone new who does have experience in the field.
So really, there is no correct answer ethically, to much factors are in play with so little info.
But ideally, I'd have to understand if both of them have knowledge in this 'un-related' business field to have the new business running nicely. If they have little experience, perhaps hire someone new who does have experience in the field.
So really, there is no correct answer ethically, to much factors are in play with so little info.
The answer: Eli is starting a new business and can't figure out which of his employees he wants to help him.
Wow I am really impressed! This is a graduate level question.
The current standings are
Jason: 62
Brian: 28
The correct answer is Jason. Given the information provided in the question (like most quizzes) Jason is the correct person to bring into the new business for pretty much the reasons people said above which nailed it on the head.
The summation of the answer:
The two employees represent the two different business management skills. The ability to build from nothing and the ability to take an established business higher and faster. Both are very important skills and are required for a successful business to operate through its lifespan. This question poses both qualities in the works and forces you to decide between the best move vs an unnecessary risk given the data without being able to look into the future. Brian represents the ability to make an established business grow faster. Therefore he needs to stay with your bread and butter. The person best qualified to run your current business needs to stay with your current business because that business at the moment monopolizes your entire net worth and therefore per given risks takes the top priority. Anytime you move into a new venture you pose a risk to your overall business finances. Fundamentally, you need to keep your current business growing at its maximum potential no matter what instead of trying to make up for lost potential capital by counting on your new venture growing more quickly. That is your top priority. Jason represents the ability to grow a business from the ground up. Even if there is the possibility that brian could exceed him in that skill Jason has already proven himself to be capable of doing it therefore from your standpoint he has the best odds of replicating your current business' success. A brand new business has one primary goal, to become profitable and sustainable. That doesn't necessarily mean it requires lots of growth like Brian would provide.
Open up your textbooks to page 245
The #4 reason why new businesses fail is due to growing too rapidly. If you picked Brian from the information given because you have faith that he could grow your new business faster than you could be setting yourself up for a failure if he succeeds at doing it. So Brian wasn't necessarily a wrong answer, he could of turned out for the best, but in business you need to take the risks vs the rewards and make the decision that has the best chance of a good outcome. The odds were just stacked against Brian three times over from a business standpoint.
Thanks for taking the quiz that was fun!
You guys are some smart cookies. I wonder how dp would of done?
The current standings are
Jason: 62
Brian: 28
The correct answer is Jason. Given the information provided in the question (like most quizzes) Jason is the correct person to bring into the new business for pretty much the reasons people said above which nailed it on the head.
The summation of the answer:
The two employees represent the two different business management skills. The ability to build from nothing and the ability to take an established business higher and faster. Both are very important skills and are required for a successful business to operate through its lifespan. This question poses both qualities in the works and forces you to decide between the best move vs an unnecessary risk given the data without being able to look into the future. Brian represents the ability to make an established business grow faster. Therefore he needs to stay with your bread and butter. The person best qualified to run your current business needs to stay with your current business because that business at the moment monopolizes your entire net worth and therefore per given risks takes the top priority. Anytime you move into a new venture you pose a risk to your overall business finances. Fundamentally, you need to keep your current business growing at its maximum potential no matter what instead of trying to make up for lost potential capital by counting on your new venture growing more quickly. That is your top priority. Jason represents the ability to grow a business from the ground up. Even if there is the possibility that brian could exceed him in that skill Jason has already proven himself to be capable of doing it therefore from your standpoint he has the best odds of replicating your current business' success. A brand new business has one primary goal, to become profitable and sustainable. That doesn't necessarily mean it requires lots of growth like Brian would provide.
Open up your textbooks to page 245
The #4 reason why new businesses fail is due to growing too rapidly. If you picked Brian from the information given because you have faith that he could grow your new business faster than you could be setting yourself up for a failure if he succeeds at doing it. So Brian wasn't necessarily a wrong answer, he could of turned out for the best, but in business you need to take the risks vs the rewards and make the decision that has the best chance of a good outcome. The odds were just stacked against Brian three times over from a business standpoint.Thanks for taking the quiz that was fun!
You guys are some smart cookies. I wonder how dp would of done?
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graduate level question? what course is this for? common sense?
lol i guess what's common sense to us might not be for everyone else!
lol
i guess what's common sense to us might not be for everyone else!- Status