Managerial Economics Question

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Rubric

Question:

You were recently hired as a MANAGER of a company (a firm) that is facing a number of managerial issues and subsequently finding it difficult to make economic profit. The issues include:

1. Resource misallocation;

2. Manager-worker problems;

3. Threat of competitor’s takeover;

4. Government regulations; and

5. Poor pricing and output decisions.

From your experience and the knowledge gained from this course, critically analyze how each of the above can impact the firms’ sustainability and identify the appropriate strategic steps you will apply to revamp this company.

Directions:

The Essay should be formatted as follows:

1. Times New Romans, 12 point font size and double-spaced

2. Page limit: 8-10 pages (excluding cover page and reference page)

3. Insert page numbers

4. Include cover and reference pages

Rubric:

Points: 140	Rubric
Criteria	Below Expectations (40%)	Fair (60%)	Proficient (80%)	Exemplary (100%)
1. Briefly describe the firm’s present situation. Weight: 15 pts	Did not submit or insufficiently described the firm’s present situation.	Partially described the firm’s present situation.	Satisfactorily described the firm’s present situation.	Thoroughly described the firm’s present situation.
2. Discuss the major impact of resource misallocation on a firm and providing strategic managerial decisions to resolve the problem. Weight: 20 pts	Did not submit or insufficiently discussed the major impact of resource misallocation on a firm and not provided strategic managerial decisions to resolve the problem.	Partially discussed the major impact of resource misallocation on a firm and provided strategic managerial decisions to resolve the problem.	Satisfactorily discussed the major impact of resource misallocation on a firm and provided strategic managerial decisions to resolve the problem.	Thoroughly discussed the major impact of resource misallocation on a firm and provided strategic managerial decisions to resolve the problem.
3. Discuss the major impact of manager-worker problems on a firm and providing strategic managerial decisions to resolve the problem. Weight: 20 pts	Did not submit or insufficiently discuss the major impact of manager-worker problems on a firm and providing strategic managerial decisions to resolve the problem.	Partially discuss the major impact of manager-worker problems on a firm and providing strategic managerial decisions to resolve the problem.	Satisfactorily discuss the major impact of manager-worker problems on a firm and providing strategic managerial decisions to resolve the problem.	Thoroughly discuss the major impact of manager-worker problems on a firm and providing strategic managerial decisions to resolve the problem.
4. Discuss the major impact of competitor’s actions on a firm and providing strategic managerial decisions to prevent the problem. Weight: 20 pts	Did not submit or insufficiently discussed the major impact of competitor’s actions on a firm and providing strategic managerial decisions to prevent the problem.	Partially discussed the major impact of competitor’s actions on a firm and providing strategic managerial decisions to prevent the problem.	Satisfactorily discussed the major impact of competitor’s actions on a firm and providing strategic managerial decisions to prevent the problem.	Thoroughly discussed the major impact of competitor’s actions on a firm and providing strategic managerial decisions to prevent the problem.
5. Discuss the major impact of government regulations on a firm and providing strategic managerial decisions to cope with the challenges. Weight: 20 pts	Did not submit or insufficiently discussed the major impact of government regulations on a firm and providing strategic managerial decisions to cope with the challenges.	Partially discussed the major impact of government regulations on a firm and providing strategic managerial decisions to cope with the challenges.	Satisfactorily discussed the major impact of government regulations on a firm and providing strategic managerial decisions to cope with the challenges.	Thoroughly discussed the major impact of government regulations on a firm and providing strategic managerial decisions to cope with the challenges.
6. Discuss the major impact of poor pricing and output decisions on a firm and providing strategic managerial steps to resolve the problem. Weight: 20 pts	Did not submit or insufficiently discussed the major impact of poor pricing and output decisions on a firm and providing strategic managerial steps to resolve the problem.	Partially discussed the major impact of poor pricing and output decisions on a firm and providing strategic managerial steps to resolve the problem.	Satisfactorily discussed the major impact of poor pricing and output decisions on a firm and providing strategic managerial steps to resolve the problem.	Thoroughly discussed the major impact of poor pricing and output decisions on a firm and providing strategic managerial steps to resolve the problem.
7. Clarity, writing mechanics and formatting Weight: 15 pts	More than 10 errors present	7-9 errors present	4-6 errors present	0-3 errors present
8. Summary of Essay Weight: 10 pts	poor	fair	good	excellent

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