3a) Explain how a company's approach to planning and its mission can be translated into action plans. 3b) Imagine that you have just purchased a local ice cream/yogurt store. There are three other similar stores in the city, and yours is the smallest. Write a mission statement and a vision statement, and create an action plan for achieving your Vision. 4a) Explain expectancy theory, and discuss how managers can use this model to help motivate employees. 4b) Imagine that you are managing Saud Bahwan Automobile business. Sáles of cars, SUVS, and pick-ups have been very sloW in the last few months due to COVID-19, and your staff is feeling demoralized, unsecured, and unmotivated. Analyze the situation in terms of expectancy theory, and explain how you might go about improving motivation once the economy opens up among the salesmen at Saud Bahwan Automobile business.

3a) Explain how a company's approach to planning and its mission can be translated into action plans. 3b) Imagine that you have just purchased a local ice cream/yogurt store. There are three other similar stores in the city, and yours is the smallest. Write a mission statement and a vision statement, and create an action plan for achieving your Vision. 4a) Explain expectancy theory, and discuss how managers can use this model to help motivate employees. 4b) Imagine that you are managing Saud Bahwan Automobile business. Sáles of cars, SUVS, and pick-ups have been very sloW in the last few months due to COVID-19, and your staff is feeling demoralized, unsecured, and unmotivated. Analyze the situation in terms of expectancy theory, and explain how you might go about improving motivation once the economy opens up among the salesmen at Saud Bahwan Automobile business.

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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