Chief executive officer Essay
Situation: Riordan Manufacturing is looking to acquire the JJJ Company and has formed a confidential ad hoc committee to perform several functions including due diligence of JJJ Company. The ad hoc committee was appointed by the chairman of the board (COB) of Riordan Members of the committee are all familiar with one another and have worked together in the past in various capacities. Accounting Team Representatives: John and Beth are both from the accounting team and have reviewed the files for JJJ Company and are preparing to report their findings to the CEO and COB.
They are not sure JJJ is financially stable enough to move forward with the acquisition. John is has a BA in Accounting from University of Phoenix in 1990. He joined Riordan in 2004 as a staff accountant and promoted to Accounting Manager in 2007. He is a democratic leader whose focus is on sales profitability. Beth has a BA in Accounting from University of Phoenix in 2008; she came to Riordan in 2007 as accounting assistant after college graduation. She was recently promoted to staff accountant by John, the accounting manager. Laissez faire leadership style whose focus is on policies and procedures.
William is the chief executive
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He does not know anything about accounting, but he likes the prospect of acquiring their book of business. Mark has BA in History from University of Phoenix in 1995; he came to Riordan in 2005 from JJJ Company where he was top sales employee. He is a democratic leader whose focus is on new sales efforts. He is very focused on his sales staff. Dana is the marketing manager. She is new, but her team has worked closely with Mark in sales for a number of years. While working with Mark on this committee, she shares his excitement about bringing Riordan to a new market and using some of JJJ’s existing marketing channels.
Dana has an MBA from University of Phoenix in 2007. She is new to the company; she came over from a competitor. She has been working with the sales manager and her team to reinvent the marketing department. She is an energetic leader with a democratic style. Roles, Audience, and Purpose of Communique: CEO and the Ad Hoc Committee are required. Select any other two options for a total of four. Write one communique for each option that fulfills the intended purpose and addresses the intended audience.