Project #53739 - Managerial Economics

300 word essay in APA style....no need for title page.   Needs two reputable references, references are not included in word count.  Essay in response to this:

Small mistakes are the stepping stones to large failures. How might this saying apply to this lesson, and do you agree?  In your responses, provide an example of a real-life seemingly small mistake with large consequences.

Due by 1/15/15 by 2:00pm

 

Example of this response would be somehting as follows (just to give you an idea of what he's looking for):  This statement is certainly applicable to this week’s lesson. What appears to be a minor error today could evolve into catastrophic circumstances in the future. Unfortunately, as business managers, we are not provided with a crystal ball with which we might be able to see the future…so it is best practice to think ahead, employ strategic decision making practices, and always be ready to change the plan if need be.

One of the most epic fails in the business decision making realm that I can think of is that of Joe Green. Does anybody recognize his name? Probably not. He was Mark Zuckerberg’s roommate at Harvard. According to Meghan Keneally (2012), Green declined dropping out of Harvard to begin Facebook because the pair had gotten into a great deal of trouble when creating Facebook’s precursor…FaceMash. Keneally (2012) informs readers that Zuckerberg and Green had hacked “into the university’s online picture library of students” in order to display faces on the FaceMash site, which allowed users to rate the pictures on a “Hot-or-Not” basis. Green declined the business venture with Zuckerberg based on his father’s disapproval and his desire to graduate rather than be kicked out of the university (Keneally, 2012). This decision still led Green to become a wealthy man due to his later release of “Causes”, which runs through Facebook and is a platform for members of society to gain familiarity with “charitable effort or political issues” (Keneally, 2012). While Green still made his millions…he certainly missed out on the potential billions he could have made as a co-founder of the popular Facebook. But…as they say, hindsight is 20/20

Subject Business
Due By (Pacific Time) 01/15/2015 02:00 pm
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