A film distribution company involved in global expansion

Submitted by steelproject2012 on Thu, 04/25/2013 - 23:23

A film distribution company involved in global expansion has a chief marketing oficer who is familiar with cutting edge marketing techniques and strategies. The marketing project for the expansion is set to rollout in 10 countries via the internet and wetub. It's discovered that the chief marketing oficer has been embezzling from the company for the last 90 days to help a terminally ill relative. Senior management is extremely concerned because this person knows more about this type of campaign than anyone in the industry and it doesn't want to impact the company negatively.

Which of the following best represents an acceptance strategy?

A: Allow him to remain at the company because the embezzlement was not done for personal gain

B: Allow him to remain in his position and reimburse the company for the amount embezzled plus all incidental expensess

C: Terminate him, file felony theft charges, and have someone different run the campaign

D: Terminate him and outsource the marketing function to an ad agency

Stucked btw A & B; what is ur take?

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sspawar

Fri, 04/26/2013 - 04:06

 D

crushPMP's picture

crushPMP

Sat, 04/27/2013 - 03:30

 C?

pmpnewster

Sat, 04/27/2013 - 03:40

 

'D' for PMP exam answer.

 

Maybe  'B'  in a real world situation.  'A' can be eliminated.

 

steelproject2012

Thu, 05/02/2013 - 10:47

Could someone clarify pls:
Acceptance strategy stays/lives/tolerates the negative(risk) event
Avoid: eliminates/removes the cause of the negative(risk) event.

If D is acceptance strategy, how would an "Avoid" response be?

sspawar

Mon, 05/06/2013 - 12:10

 what I understand

Avoid and Acceptance are situation based risk response strategies.

here the situational risk - is an employee, though he is quite important for project, is voilating the general rules.

natural action is to remove him

but he is very important , company/ project will bear the loss of expertees. -- the situational risk .

accept the risk - is to remove the expert and beer the situation raised with subsitute after.-- actively accepting

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if you say it is an example of avoidance - because you are avoiding the object.

here in my view you are not avoiding the object - but you are avoiding the cuase of object ( situational risk).

you are not eleminating - your any goal or objective.

your objective is to maintain the situation of marketing network , that you are not eleminating, rather you are accepting this task without an expertise, hence it is an example of accept the situation.

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if you say no-- accept the situation as prevailing (employee is indulged in a theft), is the example of accepting strategy. (option A or B). 

option A is telling Embezlement is not a personal gain ---- it is wrong.

option B is telling - reimbursing plus extra money - passive acceptance + enhansing negative deeds

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also it is blended qsn with - prof cond and social resp.