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Volkswagen (VW) Group is featured in the opening chapter case as a firm that engages in excellent strategic planning despite its recent legal/ethical pollution fiasco. VW has four major geographic business segments. Each of these divisions of VW would prepare their own IFE matrices, which would be assimilated to develop an overall corporate IFE matrix. This exercise gives you practice developing divisional IFE matrices and assimilating those into an overall corporate IFE matrix. Instructions Step 1 Review VW’s most recent Annual Report in regards to the company’s four geographic business segments, which are North America, South America, Asia-Pacific, and Europe. Step 2 Review the latest S&P Industry Survey for companies that produce and market automobiles. Step 3 Develop a divisional IFE matrix for each of VW’s business segments. Step 4 Assimilate your divisional IFE matrices into an overall corporate IFE matrix for VW.

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Ms. Amna, a partner in Al Raffah Audit Firm, was deputed as a Practitioner of Mazoon Company to review the internal control system of the company. She conducted the review and after verification of relevant records, concluded that the internal control system of the company is sound. Mazoon company was happy with her work. She also developed friendships with the top officials and employees of the company. The next year, Ms. Amna was appointed as the external auditor of Mazoon company. When she reviewed the books of accounts of the company, it was found out that the company had charged depreciation more than the allowed rates and thereby avoided tax on their business profits. Mr. Omar, the Chairman of Mazoon company demanded her not to mention this in her audit report as this information will affect the market value of his company’s shares. Ms. Farida, the CEO of Mazoon company asked Ms. Amna to modify her report otherwise her fees will be delayed. Ms. Iman, the Internal Auditor of the audit client met Ms. Amna and reminded her about the lunch they had once in the office and humbly requested her not to mention this manipulation in the independent audit report. Ms. Amna is very confused and faces an ethical dilemma in the current situation.

Q1:Describe the threats to the fundamental principles of professional ethics faced by Ms. Amna in the Mazoon company?

Q2: Advise Ms. Amna as to what safeguard she has to take in the current situation.

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Suppose Sanjay Patel is faced with the following pay-off table. He has to choose how many pizzas to make in advance each day before he knows the actual demand. • His choice is between 40, 50, 60 and 70 pizzas. The actual demand can also vary between 40, 50, 60 and 70 with the probabilities as shown in the table – e.g. P(demand = 40) is 0.1. The table then shows the profit or loss – for example, if he chooses to make 70 but demand is only 50, then he will make a loss of $60. Daily Supply Daily demand Probability 40 pizzas 0.10 50 pizzas 0.20 60 pizzas 0.40 70 pizzas 0.30 40 pizzas $80 $80 $80 50 pizzas 60 pizzas 70 pizzas $0 $(80) $(160) $100 $20 $(60) $100 $120 $40 $100 $120 $140 $80 Show calculations for your answers below: a. Assume that Sanjay is Optimistic, what is the number of pizzas that he should make in advance? b. Assume that Sanjay is Conservative, what is the number of pizzas that he should make in advance? C. Assume that Sanjay is neither optimistic nor conservative, what is the number of pizzas that he should make in advance? d. Assume that Sanjay is using the Expected Opportunity Loss criteria, what is the number of pizzas that he should make in advance? e. What is the Expected Value of Perfect Information that Sanjay would be willing to pay?

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What are three examples of convergent thinking evaluation tools?

Select 3 correct answer(s)

Question 1 options:

a)

The Idea Grid

b)

Random Word Triggers

c)

The Idea Napkin

d)

Assumption Reversal

e)

Lindt Chocolate

f)

ALUO

g)

PMI

Question 2(2 points)

What are two distinct benefits of the ALUO tool compared with others? (Choose two)

Select 2 correct answer(s)

Question 2 options:

a)

Like other evaluation tools, it focuses you on opportunities.

b)

Like other evaluation tools, it highlights what makes your idea unique.

c)

Like other evaluation tools, it focuses you on what makes your idea interesting.

d)

Like other evaluation tools, it uses a 2×2 matrix to evaluate options visually.

e)

Unlike other evaluation tools, it focuses you on what makes your idea interesting.

f)

Unlike other evaluation tools, it uses a 2×2 matrix to evaluate options visually.

g)

Unlike other evaluation tools, it focuses you on opportunities.

h)

Unlike other evaluation tools, it highlights what makes your idea unique.

Question 3(2 points)

Why is an idea napkin a good idea for mapping out a new business idea?

Question 3 options:

a)

It keeps sustainability top of mind

b)

It is colorful and helps you explore your idea using different ink colors to separate your idea from others.

c)

It keeps it in a disposable format, like a napkin that gets wet.

d)

It keeps it short and succinct, like writing on a napkin.

Question 4(2 points)

What is a distinct benefit of the PMI tool as compared with others?

Question 4 options:

a)

Unlike other evaluation tools, it uses a 2×2 matrix to plot and evaluate options visually.

b)

Unlike other evaluation tools, it focuses you on what makes your idea interesting.

c)

Like other evaluation tools, it focuses you on opportunities.

d)

Like other evaluation tools, it uses a 2×2 matrix to plot and evaluate options visually.

e)

Like other evaluation tools, it highlights what makes your idea unique.

f)

Like other evaluation tools, it focuses you on what makes your idea interesting.

g)

Unlike other evaluation tools, it focuses you on opportunities.

h)

Unlike other evaluation tools, it highlights what makes your idea unique.

Question 5(2 points)

What is the way that pattern-breaking thinking tools work? (Choose 2)

Select 2 correct answer(s)

Question 5 options:

a)

Via a game-based solution

b)

Via asking questions

c)

Via a conventional brainstorming technique

d)

Via a related cue or trigger

e)

Via an unrelated cue or trigger

f)

Via thinking about attributes or assumptions that then trigger unusual ideas

Question 6(2 points)

What is a distinct benefit of the Idea Grid tool as compared with others?

Question 6 options:

a)

Unlike other evaluation tools, it focuses you on opportunities.

b)

Like other evaluation tools, it focuses you on what makes your idea interesting

c)

Unlike other evaluation tools, it uses a 2×2 matrix to plot and evaluate options visually.

d)

Like other evaluation tools, it highlights what makes your idea unique

e)

Unlike other evaluation tools, it highlights what makes your idea unique.

f)

Like other evaluation tools, it uses a 2×2 matrix to plot and evaluate options visually.

g)

Unlike other evaluation tools, it focuses you on what makes your idea interesting

h)

Like other evaluation tools, it focuses you on opportunities.

Question 7(2 points)

If it’s so important not to judge people’s ideas, why are convergent thinking evaluation tools important?

Question 7 options:

a)

Because innovation tends to fail in organizations when people do not establish criteria for evaluation and then implement the best ideas.

b)

Because innovation tends to fail in organizations when people let brainstorms run too long and gather too many ideas.

c)

Because innovation tends to fail in organizations when people are too nice to each other and let brainstorms run amok.

d)

Because innovation tends to fail in organizations when there is no judgment of the people who create the ideas.

Question 8(2 points)

Why do we need pattern breaking thinking tools?

Question 8 options:

a)

To get unstuck when you are stuck due to a certain mindset or pattern of thinking.

b)

To understand where things went wrong.

c)

To think clearly.

d)

To complete puzzles.

Question 9(2 points)

What are two examples of pattern breaking thinking tools?

Select 2 correct answer(s)

Question 9 options:

a)

ALUO

b)

The Idea Grid

c)

Assumption Reversal

d)

The Idea Napkin

e)

Lindt Chocolate

f)

Random Word Triggers

g)

PMI

Question 10(2 points)

Entrepreneurial alertness is helpful for entrepreneurs. What is it?

Question 10 options:

a)

It is a special set of observational and consultative skills, such as noticing patterns in the ways that people live their lives.

b)

It is a special set of physical and conceptual skills, such as noticing the way that people personalities affect their buying habits.

c)

It is a special set of observational and thinking skills, such as noticing opportunities that others may have missed.

d)

It is a special set of figurative and thinking skills, such as noticing the way that people buy different products.

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