How Four Rookie Ceos Handled the Great Recession?

How Four Rookie CEOs Handled the Great Recession? 1. Use the chapter material to decide what antithetical kinds of management challenges these four CEOs faced as they took control of managing their different companies. One of the challenges that they faced was the recession. The CEOs had to demonstrate their best conceptual skills because starting during a recession way of life they had to make drastic changes before the association went under. The new CEOs had to restructure the company to lower operating cost. Another challenge was managing a diverse workforce.How do you prepare a workforce that spoke different languages and have different work practices and worked overseas? 2. In what kinds of ways did these managers respond to these challenges- for example, in their approaches to planning, leading, organizing and controlling? Donahoe had a schema to change the customers website and introducing BillMeLater. He led the employees and investors to this vision which paid off. The stocks began to rise again. Mr. Kenney of T Rowe Price made a plan to reduce costs.He took iron boot and cut back on hiring, advertising and IT. Diane took the recession by the hand and used it to her advantage. Her company had an edge over the leading competitors which at the time would struggle. She revamped the company website and pushed the products overseas. 3. Search the web. How are these managers and their companies currently performing? EBays John Donahoe was oppugned by James Stewart of NY Times saying Our multiyear effort is profiting off, he state. Profit to a greater extent than doubled and revenue jumped 23 percent. EBay is revitalized. We believe the best is yet to come. In a stock market struggling with recession fears and the European debt crisis, eBay stock this hebdomad hit a six-year high. He says that the introduction of the EBay mobile app and the purchase of PayPal has been a great innovation. T. Rowe Prices James Kennedy said in his recent interview for the Baltimore Business Journal, that T. Rowes earnings were up in the second quarter. Investors are concerned about the Greece crisis because it will affect the rest of Europe.Here in the U. S. , he said investors are being rattled by a number of factors unemployment, a sluggish housing market and uncertainty over whether the Affordable Care routine will drive health care costs higher, and by how much. Diane Irvine of Blue Nile has resigned. Blue Nile didnt give a reason why. Peter Swinburn of Molson Brewing Co. , late made a $3. 54 billion dollar deal for the Eastern European beer brewer Starbev. The deal is expected to add to its earnings quickly, starting in the first full year of joint operations.Molson is banking on that growth, with the company paying for the transaction almost entirely through debt. Under the terms of the acquisition, Molson will pay $3 billion in cash and debt and an additional $667 million in convertible debt that will be paid to CVC. References De La M erced , M. (2012, April 03). In starbev deal, molson bets big on growth . The New York Times. Retrieved from http//dealbook. nytimes. com/2012/04/03/in-starbev-deal-molson-bets-big-on-growth/ Haber, G. (2012). T. owe price chief executive officer on the global economy, baltimore grand prix . Retrieved from http//www. bizjournals. com/baltimore/news/2012/07/25/t-rowe-price-ceo-on-the-global. html? page=all Martinez, A. (2012, NOV 08). Blue nile ceo resigns abruptly 3q profit falls . . Retrieved from http//seattletimes. com/html/businesstechnology/2016718784_bluenile 09. html Stewart, J. (2012, July 27). Nytimes. com. Retrieved from http//www. nytimes. com/2012/07/28/business/ebays-turnaround-defies-convention-for-internet-companies. html? pagewanted=all