6:40 b A O•OrgMan Week 8-9_Onli..Week 9-10 ACTIVITYDirections Read and analyze the case below. Identifyand discuss the reasons behind Mr. Ramos' lack ofsuccess.Mr. Carlos Ramos founded a constructioncompany after years of working as an engi-neer in a large company. He has very goodtechnical skills and had contacts which gavehim small contracts initially. He hired 5 em-ployees initially which included a bookkeeper,carpenter, and unskilled laborers. His compa-ny remained small in the first 5 years andbusiness growth was gradual. However, onthe 6th year, it began to grow to such an ex-tent that he needed to delegate some of histasks to another skilled person. Contractskept coming, large and small alike, but hewas spread too thinly in managing all theseprojects when he has someone he could hire,the person was technically skilled but couldnot coordinate all the activities to the projectsassigned to him. There were also some prob-lems with service quality which he could nothandle. In the end, the person resigned andMr. Ramos took over these projects as well.Mr. Ramos finished all his projects but somewere behind schedule. The company reputa-tion was also affected because of the servicequality problems.

The skills and experience of individual C helped him in starting his own business venture. He had a…

Answered: Week 9-10 ACTIVITY Directions Read and…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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