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ASSIGNMENT INSTRUCTIONS:
During the presentation of each project, the manager of A appears to be arrogant, and also mentions that the CEO of the company and he frequently play golf and have dinner after work. In considering each of the project’s presentations, you find that you are leaning much more closely to Project A, despite both projects being extremely similar with regard to timing and magnitude of cash flows.
HOW TO WORK OF THIS ASSIGNMENT (EXAMPLE ESSAY / DRAFT)
Introduction:
In the business world, making decisions is a crucial part of success. In some cases, these decisions may come down to two projects that are very similar in terms of the timing and magnitude of their cash flows. However, in these situations, personal factors can play a big role in which project an individual ultimately decides to support. This is precisely what happened in the scenario described, where the manager of Project A appeared to be arrogant and mentioned his close relationship with the CEO of the company.
Arrogance:
During the presentation of Project A, the manager’s arrogance was a notable aspect that may have impacted the decision-making process. Arrogance can be a major turn-off for many individuals, as it can make someone appear unapproachable or difficult to work with. This could have led to some individuals not wanting to support Project A, despite its similarities in terms of timing and magnitude of cash flows.
Personal Relationships:
The manager of Project A also mentioned his close relationship with the CEO of the company, which could have influenced the decision-making process as well. Personal relationships and connections can often hold significant weight in the business world, as they can provide access to resources and opportunities that may not otherwise be available. In this scenario, the manager’s close relationship with the CEO may have made some individuals more inclined to support Project A.
Balancing Professionalism and Personal Relationships:
Ultimately, it is important to balance professionalism and personal relationships when making decisions in the business world. While personal connections can be valuable, they should not be the sole deciding factor when choosing between two projects. The timing and magnitude of cash flows should also be considered, as these factors will likely have a significant impact on the success of the project.
Conclusion:
In conclusion, the scenario described highlights the importance of balancing professionalism and personal relationships when making decisions in the business world. Although personal connections can be valuable, they should not be the sole deciding factor when choosing between two projects. The timing and magnitude of cash flows should also be taken into account, as these factors will likely have a significant impact on the success of the project.
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