Discussion 1

"Building and Using Models" Please respond to the following:

Note: Online students, please select one of the two subjects to discuss.

•Imagine that you are a business manager for a mid-sized company. Propose one overall strategy to build an effective business model in order to both monitor / control changes in business process and predict future business performance for your company. Provide a rationale (e.g., verification process) for your response.

•Per the textbook, in order to understand the causal relationship in business process, manager often asks "whys" to drill down the root cause of failures. Select one project from your working or educational environment and propose at least three "why" questions that you would ask in order to identify root cause of problem. Justify your responses.

Discussion 2

"Financial Planning and Agency Conflicts" Please respond to the following:

• From the scenario, cite your forecasting conclusions that support TFC's decision to expand to the West Coast market. Speculate as to whether or not the agency conflict discussed in the scenario could become a roadblock to your conclusions. Provide a rationale for your response.

• From the mini case, recommend two desired characteristics of a board of directors. Provide support for your response, citing the ways in which these characteristics usually lead to effective corporate governance.