Iowa Public Television

Challenge Question Number 1 for President and Chief Executive Officer #1126

Clearly describe what you expect from the students:
In a good year our company could have an unexpected profit of $500,000. The challenge is to determine to what use this profit should be put.
Our Mission Statement reads: Our company manufactures the best quality winter tools and provides the best customer service in the industry. We are committed to maintain a healthy, well-trained and proactive employee team, which is compensated based on individual and company performance. Our company provides a safe and positive environment for our employees and acts as a responsible corporate citizen.
Possible uses for the $500,000:
Pay down outstanding debt. Pay out to employees as bonuses. Invest in equipment to decrease labor costs and increase profits. Create pension plan. Make donation to local community. Invest in sales/marketng plan to increase sales. Use as operating capital instead of line of credit.

In order to give the teacher some guidance in evaluating the student's project(s); list some tips that may help to assess the student's work:
Did students consider all options?
Did they discuss impact of options on company?
Did they consider how options fit company's mission statement?