Principled Entrepreneurship and Shared Leadership: The Case of TEOCO (The Employee Owned Company)
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A goal of the partnership is to grow. With this growth, strategies will need to change and with strategic change also comes structure change. What will TEOCO need to be aware of and concerned about when implementing new strategies?
a. Limiting future strategies
b. Environmental sustainability
c. Structural stability
d. Structural flexibility
TEOCO derives its name from being “The Employee Owned Company”. With the employees owning stock, they are motivated to find ways to grow the business, become more efficient, and boost profits in any way to increase the value of their shares. What is this a form of?
a. Financial controls
b. Strategic controls
c. Structural flexibility
d. Alignment of strategy and structure
The relationship between the employees of TEOCO and the managers is more complicated than typical companies. Because TEOCO is employee owned, they are not only stakeholders as employees, they are also shareholders. This means that TEOCO will often have complicated decisions in order to act in the company’s best interests. What type of conflict may arise during implementation of the partnership of TEOCO and TA?
a. Agency problem
b. Partnership problem
c. Ownership concentration conflicts
d. Managerial employment risk
TEOCO is partnering with TA because of its complementary competencies. TA has extensive knowledge in the industry and a network of relationships that TEOCO can use to help them grow. TEOCO has products and services that TA sees as having enormous potential. What type of strategy is being utilized?
a. Cost leadership strategy
b. Differentiation strategy
c. Corporate-level cooperative strategy
d. Diversification strategy
Which of these would be a wise decision for TEOCO when implementing the changes that are required after the partnership is completed in order to meet the full potential of the deal?
a. Simultaneously changing strategy and structure
b. Strategy then structure
c. Structure then strategy
d. There is no proper way to meet the full potential of the deal