According to this case study, what are the CEO bias's (i.e., anchoring bias, overconfidence bias, etc) that may have entered the decision making process?
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According to this case study, what are the CEO bias's (i.e., anchoring bias, overconfidence bias, etc) that may have entered the decision making process?
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- Jenny is the director of a company, Shipley Ltd, which is involved in building and construction. There are four other directors of this company. The company has been lending large sums of money to its parent company in China via an offshore subsidiary for more than two years. The directors have relied on letters of comfort from the parent company that the money will be repaid in due process. Of late, the building and construction industry is facing difficult times due to rising costs of materials which have to be imported from overseas. Shipley Ltd’s financial situation has become more serious and many creditors and subcontractors have not been paid. The parent company is continuing to make assurances that the it will repay the loans but the money has yet to appear in Shipley Ltd’s bank account. Jenny is very concerned as she believes that Shipley Ltd is no longer solvent and the company’s performance is very poor. The other directors brush Jenny’s concerns aside, saying that it is the…Please assist in answering the following questions: Sportswear manufacturers, Caribbean Premium Sportwear (CPS), signed a contract with a top Trinidadian footballer in terms of which they would pay him a substantial amount of money to wear only their brand of clothing, which they promised to provide to him free of charge. The contract does not specify the date of delivery. Answer the following questions based on the above facts: A. Two months after entering into the contract CPS has not yet delivered the clothing. Have they breached the contract? B. In the event of CPS being in breach of contract, advise the footballer as to the legal remedies available to him, with specific emphasis on what he has to prove in order to succeed in his claim.South Africa’s government intends making it mandatory for all metal traders to get licenses and prevent them from dealing in cash, a measure aimed at combating a massive illegal trade in cables and wiring stripped from rail, power and telecommunication lines. Traders will also be required to conduct due diligence on their customers and track the origins of their products, the National Treasury said in the annual budget review, which was published in Cape Town on Wednesday. Cable theft and vandalism is undermining the government’s efforts to revive the coronavirus- battered economy by bolstering more infrastructure investment, enhancing the power supply and improving transport links. Freight rail operator Transnet, telecommunications company Telkom, power utility Eskom Holdings and the Passenger Rail Agency of South Africa estimate that thieves and vandals cost them a total of 7 billion ($459 million) a year. The knock-on losses to the economy amounted to about R187-billion annually,…
- Film District, a newly-formed film studio and distributor worked out a deal with Netflix, Inc. to stream new movies over the Internet just a few months after they are released on DVDs. Under the terms of the agreement, new movies from Film District will be licensed exclusively to Netflix instead of appearing on premium cable channels. Industry observers believe this deal reflects the new realities of changing channels for movies from theaters, home videos, and cable pay TV to online streaming. Netflix also has a similar deal with Relativity Media, the movie company that financed the highly-acclaimed boxing movie, The Fighter. Given the rapid and dramatic changes occurring in film distribution channels, how might partnerships or alliances such as that between Netflix and Film District be helpful to either firm in managing their distribution channels?South Africa’s government intends making it mandatory for all metal traders to get licenses and prevent them from dealing in cash, a measure aimed at combating a massive illegal trade in cables and wiring stripped from rail, power and telecommunication lines. Traders will also be required to conduct due diligence on their customers and track the origins of their products, the National Treasury said in the annual budget review, which was published in Cape Town on Wednesday. Cable theft and vandalism is undermining the government’s efforts to revive the coronavirus- battered economy by bolstering more infrastructure investment, enhancing the power supply and improving transport links. Freight rail operator Transnet, telecommunications company Telkom, power utility Eskom Holdings and the Passenger Rail Agency of South Africa estimate that thieves and vandals cost them a total of 7 billion ($459 million) a year. The knock-on losses to the economy amounted to about R187-billion annually,…One of the non-executive directors of SUPER NIGERIA LIMITED is Mr Dele. A main product of this company caused its success and reputation. In the process of manufacturing the product the company should obtain two major components A and B from suppliers. Both GOLD NIGERIA LIMITED and OKOKO NIGERIA LIMITED can provide component A. To enable the purchasing department to improve bargaining power, managers decided to agree a plan that the company uses both suppliers. Mr Dele takes lunch in the staff restaurant during the days he is present in the board meetings. Mrs Oriyomi is the purchasing manager of the company. One day he starts a conversation with her. She does not know about the non-executive director concept. During his explanation of the role of himself, Mrs Oriyomi takes advantage of the opportunity to ask about his opinion on a matter that has made her feel worried. One of her responsibilities is to place orders for stock. She usually places orders of component A on a weekly basis.…
- Sally was told that she had to visit a client to discuss a function that was not possible over the telephone or using communication software such as Skype. As the client was in the country she would be provided with accommodation, a business car and a mobile phone to use while she was away. As there was a shortage of telephones she would borrow the sales manager‟s phone as he was having an operation and was not allowed access to a phone. She was given the items without any training, instruction, or opportunity to test the equipment. She discovered later that the batteries were dead and as she did not have a charger for the phone so she had to buy a new set of batteries using her own money. On the second day, while waiting for her client, Sally played with the phone looking for games. What she discovered were photographs of men and women in pictures that were clearly not of a business nature. She was very shocked and decided to sue the business for sexual harassment.Russell lives in United Arab Emirate (UAE) for the last 10 years. He has been separated from his wife, Kate since 2013, who resides in Barbados. In January 2023, he visited Barbados for a short vacation and the couple rekindled their relationship. On his departure in February 2023, he requested her to come to UAE to reside with him. As a token of his request, he promised her an allowance of USD$1000 per month, if she joins him in the UAE. She eventually migrated to UAE in April 2023, but Russell failed to make payments as promised. Kate subsequently sued him for the non payment of the monthly allowance. Russell is arguing that his wife has no valid case, because there was no intention to create legal relation. His wife knows that you are currently pursuing Business Law and is seeking your advice on this matter. using the IRAC method quoting relative case lawRussell lives in United Arab Emirate (UAE) for the last 10 years. He has been separated from his wife, Kate since 2013, who resides in Barbados. In January 2023, he visited Barbados for a short vacation and the couple rekindled their relationship. On his departure in February 2023, he requested her to come to UAE to reside with him. As a token of his request, he promised her an allowance of USD$1000 per month, if she joins him in the UAE. She eventually migrated to UAE in April 2023, but Russell failed to make payments as promised. Kate subsequently sued him for the non-payment of the monthly allowance. Russell is arguing that his wife has no valid case, because there was no intention to create legal relation. His wife knows that you are currently pursuing Business Law and is seeking your advice on this matter.
- Russell lives in United Arab Emirate (UAE) for the last 10 years. He has been separated from his wife, Kate since 2013, who resides in Barbados. In January 2023, he visited Barbados for a short vacation and the couple rekindled their relationship. On his departure in February 2023, he requested her to come to UAE to reside with him. As a token of his request, he promised her an allowance of USD$1000 per month, if she joins him in the UAE. She eventually migrated to UAE in April 2023, but Russell failed to make payments as promised. Kate subsequently sued him for the non-payment of the monthly allowance. Russell is arguing that his wife has no valid case, because there was no intention to create legal relation. His wife knows that you are currently pursuing Business Law and is seeking your advice on this matter. Using the IRAC methodMara Travel influencers has entered into a social media influencer partnership with Namibian Amazing views group as an influencer to market the lodges of the travel company . Both parties have signed an unamendable agreement. On the 1st of January 2020 the terms of the partnership are as follows: -Mara is to visit all of the lodges under the Namibian Amazing views group. -While at the lodge, Mara is to take pictures of the lodge and post on her social media platforms. -Mara is to film a YouTube video of the lodges, touring the lodge and the activities available at the lodge as well as giving an overall review of the lodge, customer service and the experience. Should Mara not visit the lodge, she may request pictures and videos of the lodge from the marketing team to post to her social media platform. Namibian Amazing views is to make the following payments to Mara Travel Influencers upon completion of the tasks required above: -An upfront payment of N$20 000 paid upon signing of the…MANILA, Philippines — The Bureau of Internal Revenue (BIR) will begin implementing discounts and value-added tax exemption (VAT) for solo parents, as mandated by the Expanded Solo Parents Welfare Act. In a revenue regulation, the BIR issued the guidelines for the implementation of the 10 percent discount and VAT exemption under the law, which took effect in June last year. Solo parents that are qualified are those with children aged six and below and are earning less than P250,000 annually. The BIR said the discount and exemption would apply to the purchase of various goods in drug stores, pharmacies, grocery stores, and similar establishments. These products include baby’s milk, food and micronutrient supplements, sanitary diapers, medicines, vaccines, and other medical supplements. The solo parent is required to present his or her solo parent identification card and booklet to avail of the discount and VAT exemption. Apart from the discount and VAT exemption, the law provides for a…