Questions
CASE # 1 (Managing without Managers) Just Music, a European commercial music service, is synonymous with...

CASE # 1 (Managing without Managers)
Just Music, a European commercial music service, is synonymous with dramatically changing the way consumers access and use music on a day-to-day basis. They have succeeded in moving consumers away from buying music and, instead, moving them towards a model of renting the music they enjoy for a monthly fee. The European music giant, launched in 2008, was developed into the business we know today by European entrepreneur Paul Moon, who was inspired to create a service that would be easier and more convenient for customers to use than the now- illegal file sharing websites that were popular at the time.
Like many technology companies, Just Music has a flat organizational structure as opposed to complex hierarchies of management. For Managing Without Managers companies like Just Music it is imperative that they can work in a fast-moving way that allows changes in content to get to the customer as quickly as possible. In order to work as efficiently as possible Just Music have adopted a management and organizational structure based upon squads, chapters, tribes, and guilds. Although you won’t find theory talking about organizational tribes or chapters, it does provide a useful way for Just Music to organize their staff and reporting structures in an industry where many are trying to remove mangers entirely.
‘Squads’ are the building blocks of organizational structure at Just Music. These small teams work in a way that is similar to a small startup business. These squads sit together in one shared space in order to work as effectively as possible on one long term mission; usually improving a specific area or part of the Just Music experience. Squads do not have a manager and instead work together to ensure the overall problem is solved. Each squad does however have a ‘Product Owner’, and it is their job to ensure that work is prioritized across the whole squad. Within each squad you will find employees with different skills that can contribute towards the squad achieving their goal.
‘Tribes’ are groups of squads that work in similar areas. This means that all the squads who are working on web-based services are part of the same tribe; and squads who work on the mobile Just Music application will be part of a different tribe. Each tribe, like the individual squads, is able to work autonomously with very little traditional management taking place. Within the Just Music offices the multiple squads that make up each tribe sit close together to allow collaboration between squads as needed, however the ethos of Just Music aims to discourage squads and tribes being dependent on one another so that change can happen as quickly as possible, something that is incredibly important in the ever changing technology markets.
In order to be able to manage the staff and structure throughout the organization Just Music utilizes what they term ‘Chapters’. These chapters are collections of people who have similar skills but who work in various squads; for example, a chapter may be comprised of all of the programmers in the various squads within one tribe. It is within these chapters that we see more of a link to traditional management theory with clearer lines of management and responsibility for staff members, their development, pay and progression. The only time people tend to work outside their tribe is when taking part in ‘Guild’ activities. The guilds are cross tribe groups of people who have similar interests but again do not have any formal management, and are instead autonomous and self-managed, working on projects or problems that interest them.
As a fast-moving technology company, it is of course essential for Just Music to be able to react, change, and adapt their online content quickly. In approaching management in a nontraditional manner, they have allowed individuals to be more creative whilst still meeting the overall goals of the business. There are however potential difficulties with adopting this more relaxed attitude to management, as there is an overall lack of control and there are opportunities for the freedom
Page 3 of 8

offered to staff to be misused. The increase in technology companies such as Just Music is changing the landscape of management, with many trying to avoid traditional management practices altogether. Just Music is somewhat unique in its field as they have recognized the need for management within the organization, however they have attempted to find a unique way of balancing the need for freedom and creativity in the workforce whilst still undertaking basic management activities. As Just Music grows, they may need to reflect upon their approach to management.

................................
Case # 1- Discussion Questions
1. Who undertakes management at Just Music?
2. How could Just Music manage poor performing individuals or teams? Do you think this
is a problem at Just Music? Why or why not?
3. Are there any similarities to traditional management at Just Music?
4. Do you think that this approach to management would be effective within another
company?

In: Economics

What are the main differences between social and private insurance? Discuss the pros and cons of...

What are the main differences between social and private insurance? Discuss the pros and cons of each

In: Economics

3) An animal farmer has 100 cows and each year there are 10 new born calfs...

3) An animal farmer has 100 cows and each year there are 10 new born calfs (buzagı). That is, his business's real growth is 10%. The (nominal) interest rate is 15% while there is 10% inflation. What must happen in the FM so that the farmer decides to sell all cows and supply the revenue (funds) to the financial system. (explain briefly 5-6 sentence)

please answer by yourself not copy paste

In: Economics

Exchange rates between the countries within the euro area are permanently fixed. Explain why a country...

Exchange rates between the countries within the euro area are

permanently fixed. Explain why a country like Greece, which is part of the euro zone,

may want to abandon the euro in favour of its own currency and flexible exchange rates

In: Economics

Be sure to address each point in the question and explain your argument carefully. What is...

Be sure to address each point in the question and explain your argument carefully.

  1. What is globalization? Does globalization create opportunity or risk? Who are the winners and losers of globalization over the last 40 years? (please refer to the talk: Globalization – Opportunity or Risk?)
  2. How has globalization affected standards of living throughout the world? Is the recent period of intensified globalization associated with rising incomes and falling poverty, or has it instead been associated with widening global income inequality and rising poverty?

In: Economics

Over the past several years, some politicians have proposed that the U.S. implement a “single payer”...

Over the past several years, some politicians have proposed that the U.S. implement a “single payer” healthcare system. Please provide brief (non-political) answers to Parts A, B, and C.

  1. Identify ONE economic argument in favor of this type of system (three sentence limit!). Note: I am asking for an economic argument, not a “moral” argument (but some moral arguments can be framed within an economic context).

  1. Explain why this system could lead to the over-consumption of medical services (three sentence limit).
  1. Identify two reasons why this system could lead to the under-consumption of (necessary) medical services. (three sentence limit for each reason).

In: Economics

How to draw the graph? 1. MPL=a+2bL-3cL^2 APL=a+bL-cL^2 2. MR=5-2Q AR=5-Q 3.MC=6Q+7 AC=3Q+7+12/Q I want detailed...

How to draw the graph?

1. MPL=a+2bL-3cL^2
APL=a+bL-cL^2

2. MR=5-2Q
AR=5-Q

3.MC=6Q+7
AC=3Q+7+12/Q

I want detailed explanation??
thank you

In: Economics

INSTRUCTIONS Watch the Starbucks (Links to an external site.)Links to an external site. video and answer...

INSTRUCTIONS

Watch the Starbucks (Links to an external site.)Links to an external site. video and answer the question below.

How has leadership impacted Starbucks' current growth and how will their leaders need to evolve in order to maintain the company's success given the threats to the specialty coffee industry? in 300 word


In: Economics

Question 3: Suppose buyers will pay $2000 for a good car (a 'plum') and $1000 for...

Question 3: Suppose buyers will pay $2000 for a good car (a 'plum') and $1000 for a bad car (a 'lemon'). All cars acquired by the sellers are lemons which they acquire for $1200 each. They can then choose to have mechanics fix the cars up – turning them from lemons to plums - for $300 each. Buyers cannot tell the difference between lemons and plums until after the purchase, and are riskneutral (i.e., will pay their expected valuation).

1. Explain why in equilibrium, no transactions are made.

2. Suppose the used car salesmen can commit to having the mechanics repair a q-fraction of the cars. (Once such an arrangement is made, they are committed to it.) For what values of q will the equilibrium still lead to no transactions, and for which values of q will transactions take place?

In: Economics

2. Assuming ceteris paribus, think of a product or service that the variable price is significant...

2. Assuming ceteris paribus, think of a product or service that the variable price is significant on your purchasing that product or service. How much of that are you willing to purchase, based on price only?

3. Next think of opportunity cost . What is something of a larger scale that you must consider opportunity costs before purchasing it? What is it that you would have to give up in order to purchase that good or service? Explain.

Be sure to give complete answers to each question and provide examples.

In: Economics

Please answers the question ASAP Please write briefly about Uzbekistan financial crisis. It should be 150-200...

Please answers the question ASAP
Please write briefly about Uzbekistan financial crisis. It should be 150-200 words

In: Economics

Suppose there is a perfectly competitive industry in Dubai, where all the firms are identical. All...

  1. Suppose there is a perfectly competitive industry in Dubai, where all the firms are identical. All the firms in the industry sell their products at 20 AED. The market demand for this product is given by the equation: (Total marks = 5)

Q = 25 – 0.25P

Furthermore, suppose that a representative firm’s total cost is given by the equation:

TC = 50 +4Q + 2Q2

  1. What is the inverse demand function for this market?

  1. Calculate the MC function?

  1. Calculate the MR function?
  1. Calculate the profit maximizing level of output for the firm?

  1. Calculate the size of the profit? Show it graphically

  1. Is this industry SR or LR?

In: Economics

What economic objectives are the Reserve Bank of Australia (RBA) required to pursue in its conduct...

  1. What economic objectives are the Reserve Bank of Australia (RBA) required to pursue in its conduct of monetary policy and what relative importance is placed on these objectives?

In: Economics

Examine how Amartya Sen's approach to welfare measurement can be put into practice for the measurement...

Examine how Amartya Sen's approach to welfare measurement can be put into practice for the measurement of poverty and inequality in affluent societies.

In: Economics

Critically discussing any two types of ports (types, what they do, their mandates and what differentiates...

Critically discussing any two types of ports (types, what they
do, their mandates and what differentiates them from other types of ports).

 Critically discussing any two types of ports (types, what they do, their mandates

 Discussing what differentiates them from other types of ports

In: Economics