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Goodwin Case Study Analysis
Goodwin Case Study Analysis
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Goodwin Case Study Analysis
Q1. Key Issues for Jim Junior and Pam
The key issues for Jim Junior and Pam were business and financial sustainability concerns, financial management and planning problems, and retirement-related issues. Clark (2012) suggests that the family’s financial demands strained the personal cash flow as Jim Junior and Pam wished to meet these demands. The two wanted equal financial treatment for their children, Peter, Mary, and Fred and this was financially straining the business and causing it some sustainability difficulties. For instance Mary, already financially spoilt, and her husband adopted a lifestyle beyond their means, yet Pam insisted on continuing to fund this lavish lifestyle from the business. Fred’s long-term medical complications required significant financial support from the business, and Peter needed adequate compensation commensurate with Fred’s financial support and Mary’s gifts. These issues cause financial strain to the business and interfered with its sustainability.
Also, poor financial planning was a concern for them as it culminated in the practice of saving little. This was exacerbated by Jim Junior and Pam’s assumptions that the business would provide the necessary retirement support. Furthermore, Pam was concerned about Jim Junior’s health and wellbeing, prompting her to suggest that he should retire, sell the business, or consider succession options. Discussions around these three options resulted in stressful situations for Jim Junior, Pam, and the entire family (Clark, 2012). The last key issue for Jim Junior and Pam was the questionability of Peter’s management abilities. While Peter was interested in becoming Goodwin’s president and change the enterprise, his parents were worried about his management capabilities. Besides, they were also concerned about how Peter would feel and react if they sold the business that was the only place Peter had ever worked with inheritance expectations (Clark, 2012).
Q2. Things to Have Been Done to Avoid the Situation
Three or four things could have been done to avoid the current situation. Firstly, the family should have engaged in informed and adequate financial planning to avoid plummeting business into these difficulties. The family did not have clear business succession and ownership plans (Clark, 2012), which was significantly affecting the business’ smooth running. So, Jim and his family should have created and implemented effective succession and share ownership, retirement, and estate plans to ensure that retirement and succession did not cause family conflicts, especially when a family member passed away. The second thing Jim Junior and Pam should have done is to mold Mary’s character by not spoiling her with financial support. This way, she would have adapted to living within her means, not adopting a lavish lifestyle that was beyond her means. Thirdly, they should have tested and verified Peters’ management capabilities, intentions, and plans of becoming Goodwin’s president. This would have enabled them to be sure that when he assumed Goodwin’s presidency, he would not plummet the business into further problems. Furthermore, Jim Junior and Pam should have established a separate benevolence fund for Fred, Jim, and other family members now that the family had a history of medical problems. Lastly, they should have sought timely and adequate financial advice regarding separating business financials from family financials.
Q3. Seeking Advice
The family has two options concerning who they should seek out for advice. The first entails seeking out advice from the family’s banker, who would be instrumental in drafting the estate plan. The second option involves hiring expert advisors to assist them in making vital business and financial decisions.
Q4. Next Action
Concerning what they should do now, Jim Junior and Pam should acquire an attorney or advisory and administration consultant to guide them in drafting business growth plans and comprehending the plans’ feasibility. The attorney/consultant would also deliver ample recommendations on retaining the business along with modeling Peter’s management abilities. Lastly, the attorney/consultant would provide suggestions for Jim on capital investment into the business once Peter succeeds him.
References
Clark, E. I. (2012). Goodwin sporting goods. Northeastern University, College of Business Administration & Richard Ivey School of Business Foundation.
Goodbye Mother by Reinaldo Arenas
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Goodbye Mother by Reinaldo Arenas
“Goodbye Mother” is a short story by Reinaldo Arenas that he wrote during a time after the Cuban Revolution. It is a story that metaphorically compares the events during the Cuban Revolution with the death of a ‘Mother’ and the suicides carried out by her ‘daughters’ in order to show their dedication to their mother. The story describes the behavior of four children whose mother has just died. In a normal ordinary family you would expect the children of a deceased parent to bury the parent soon after the parent’s death, out of respect for him or her. However in the story the daughters to the deceased mother behave in a very strange manner; instead of burying the mother, they cry and move round the mother’s body in a processional manner (Arenas 314). This they continue doing for a period of a few weeks all the while their mother’s body is rotting and decaying and emitting a foul stench.
The narrator of the story, also a child of the mother, appears to be the only sensible person in the room; while his sisters insist on circling the body of their dead mother and wailing and beating their breasts with their fists he is the one to suggest they bury their dead mother but this is met with hostility by his siblings who insist what they are doing is what their mother would have wanted them to do. In the meantime, their mother’s body continues swelling till it bursts open (Arenas 318). At this moment one of the daughters (Ofelia) commits suicide by plunging into herself a kitchen knife which her mother used when she was alive. This she does claiming that it is a show of devotion to her mother. The mother’s body continues decomposing and is invaded by all sorts of vermin including flies, rats, beetles, worms, mice and maggots.
The shocking thing is the way the mother’s children are deluded that the corpse of their mother is not disintegrating but rather that it’s actually becoming more beautiful and appealing. Eventually the remaining daughters (Odilia, Otilia and Onelia) also commit suicide one after the other leaving only the narrator alive. The narrator is the only child who refuses to commit suicide and instead runs away from the decomposing corpses of his sisters and mother. He calls himself a traitor for this last act of disobedience to his mother, but is nonetheless happy for having done it (Arenas 325).
Analysis of the Story
The story is a satirical piece on the Cuban Revolution. The ‘Mother’ in the story refers to the South American country Cuba. The ‘daughters’ of the mother are the Cuban revolutionaries. The death of the mother marks the ‘death’ of Cuba, or basically its rule by the then dictator Fulgencio Batista. The story is a mockery of the attempt of the Cuban revolutionaries such as Fidel Castro and Ernesto “Che” Guevara, among others, to liberate their nation from the rule of the dictator. The suicide attempts can be likened to the revolts that were carried out by the revolutionaries from around 1953 to 1959. According to the author Arenas, these suicides represent attempts to liberate their country from Batista’s rule. Instead of the daughters facing reality and burying their dead mother they wail and circle the mother’s corpse, they preen it and try to beautify it but all for nothing since their mother is already dead. They perceive their dead mother as becoming more beautiful and producing a fragrance after her death while in reality her corpse is decomposing and emitting a foul stench and being invaded by vermin of all kinds. The wailing and processional circling may represent the lamenting of the general population against the rule of the dictator. The daughters’ delusions that their mother is more beautiful in her death than when she was alive could stand for the lies the general public make themselves believe that the dictator’s rule is not as bad as it actually is.
The suicide attempted to signify revolts against Batista and his government; Ofelia believes her mother’s message is that she should give her life for the mother but this is in vain. It shows devotion to her mother but it can never bring her mother back to life. Similarly the Cuban revolts, such as Moncada Barracks attack by rebels led by Fidel Castro and the attack on the Presidential Palace in Havana by the Revolutionary Directorate all failed to dispose off the dictator. The daughters may also represent the revolutionaries who gave their lives to freeing their country from Batista’s dictatorship such as Abel Santamaria and Jose Antonio Echeverria.
Cuban Revolution
On the 10th of March 1952, General Batista overthrew the then President of Cuba Carlos Prìo Socarrás and then immediately cancelled all elections. As explored by Aviva, this angered Fidel Castro who was a young lawyer who then attempt to overthrow Batista for seven years (18). On July 26, 1953, Fidel Castro organized an attack at the Barracks in Santiago, but he was defeated and arrested. He was jailed for fifteen years though he was released by Batista in 1955. Fidel Castro did not stop there, he organized rebels in Mexico where he was once again defeated and fled to Sierra Maestra (Sweig 12). He began to employ guerilla tactics in the attack of Batista’s armed forces which forced Batista to flee and resign his position as the president of Cuba. Castro turned out to be the Prime Minister of Cuba and executed Batista’s close associates. He made himself the president “for life” suspending all elections executing all those who attempted to go against him. Castro employed communism in his government keeping close ties with the Soviet Union.
Biography of the Arenas
As a teenager, Arenas was among the revolutionalists who helped Fidel Castro overthrow president Batista (Francisco 167). In 1961, he moved to Havana where he took up research as a profession in the José Martí National Library. He then became an editor for the Cuban Book Institute in the year 1967-1968 as well as an editor and journalist for the literary magazine in 1968-1974. He wrote novels that were award winning including “Celestino antes del alba.” His books and poems were mainly about the Cuban Revolution. Arenas committed suicide in the year 1990 when he realized he was suffering from AIDS (Morales-Díaz 72).
Works Cited
Arenas, Reinaldo. Taken from the anthology: The Oxford Book of Caribbean Short Stories. New York: Oxford University Press, 2002. Print.
Sweig, Julia. Inside the Cuban Revolution: Fidel Castro and the Urban Underground. USA: Harvard University Press, 2002. Print.
Morales-Díaz, Enrique. Reinaldo Arenas, Caliban, and Postcolonial Discourse. USA: Cambria Press, 2009. Print.
Francisco, Soto. Reinaldo Arenas. New York: Grove Press, 1988. Print.
Aviva, Chomsky. A History of the Cuban Revolution. USA: John Wiley and Sons, 2010. Print.
Good, ethical behaviour entails distinguishing between what is right and wrong, religious beliefs, doing what the law require
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Good, ethical behaviour entails distinguishing between what is right and wrong, religious beliefs, doing what the law requires an individual to do, observing the standards of behaviour the society accepts and doing what is morally right. Being ethical is not a matter of following your own feelings but it entails one’s actions and how they are going to affect one’s environment. Good individual principles require that one observes the challenges that a society experiences and take action to solve the problems.
Necessity is the mother of invention; thus, creativity is what drives the human race. For example, the inventions by the computer gurus in the communication world. This is a perfect example of contemplation and giving back to the society the fruits of contemplation. The computer geeks such as Bill Gates and the late Steve Jobs made massive contributions in the inventions that saw the ease of communication through their ideas and inventions. The two individuals had a vision of connecting the world through internet and various communication media that would enhance easy access to information to everyone. Their ideas were conceived through critical thinking and innovations. These ideas brought about the invention of communication gadgets used in the current world. These devices are especially effective in the business world because they make advertising and marketing strategies efficient for companies to reach their target market. Education has also been enhanced by these gadgets for easy and efficient academic research through the means of internet (Low Web).
In today’s twenty first century, one needs to have creative thinking and analytical capabilities to come up with better ways of earning a living in order to make the world a better place. This calls for social responsibility, critical thinking and putting into consideration how your actions will affect the society both in negative and positive ways. For example if one is a manager in a fast food restaurant or a retail shop, responsible management roles will dictate that one emphasises on proper disposal of polythene bags and waste materials. This will ensure that the environment is clean. This will put your company on the limelight in ensuring that your is observant on the environmental issues. Social responsibility is, therefore, imperative and necessary to the survival of the human kind. It is unethical to engage in business processes that will do harm to the environment and society at large. This shows some degree of selfishness and arrogance to individuals who carry out such activities. For example, mounting up a manufacturing plant near a water resource and dumping the waste materials into the water resource is ethically unacceptable. This shows cruelty to the environment and such practices should be strongly condemned in the society (Low Web).
However, for individuals to have harmony in a society, especially in the business arena there has to be a spirit of forgiveness and forgetting. Research has shown that forgiving and forgetting have positive effects in an individual. A person who forgives and forgets is less likely to develop increased high blood pressure and, therefore, less stress hormones will circulate in the body. These reduces the chances of someone developing anger, bitterness and depression as a result of forgiving and forgetting. It is an obligation to people in the corporate world to learn the art of forgiving and forgetting. In turn, it makes the world a better place to live even where diversity in culture exists. Finally, one can integrate Liberal Arts Learning, where possible. Through this type of learning, one can think rationally and make fair judgment in accordance to his developed intellectual.
Work Cited
Low, Albert. Conflict and Creativity at Work: Human Roots of Corporate Life. Sussex Academic PressFinancial Crisis, Nov. 2009. Web. 27 October 2011.