The field of electronic musical instruments

Assignment Help Operation Management
Reference no: EM131139382

Art Fleming is a design engineer with a proven track record in the field of electronic musical instruments. He recently designed a new VLSI (very large scale integrated) chip. This chip is meant to be the heart and soul of a digital sampling keyboard to be called WAVE. Fleming believes the WAVE will set a new industry standard. He wishes to organize a business enterprise to build and market it. He has a meeting with his lawyer and conveys to her the following bits of information:

a. It will take approximately 2 years to turn the VLSI chip into a marketable product;

b. Fleming has more than $200,000 in savings from previous ventures. He does not want any of that money to be at risk in this new venture. However, he wants part ownership. He is unsure what percentage he wants.

c. Currently, 5 investors are willing to put money into the venture. Only 2 of the 5 want to play an active role in the enterprise. Fleming is willing to give these 2 some limited control.

d. Fleming knows that he is not qualified to manage the new endeavor. Nevertheless, he wants a significant say in how it proceeds.

e. Five more investors could be attracted to this project, but only if they could be guaranteed some fixed return on their money or could realize immediate tax benefits from investing.

f. Fleming would like Scott Ladd, a manager much in demand in the electronics field, to be his CEO. It would take significant incentives to attract Ladd to the enterprise.

Fleming is not committed to using any particular type of business organization; he is interested in weighing the alternatives.

What form of organization should Fleming choose for his new venture? Why? What are the advantages and disadvantages of the form you have chosen? Be sure to support your views with the facts and the law of Business Organization.

Reference no: EM131139382

Consider total cost to consist of purchasing costs

Dexter Inc. is concerned that this new policy might hurt its own profit margins on the Left Handed Monkey Wrench. They will undertake an analysis to help them better understan

Heating-ventilation and air conditioning systems

Atwater Electronics is a New York corporation with its headquarters and manufacturing facilities in New York. Atwater manufactures electronic switches and sells 100% of its sw

What is the value for an additional unit of each resource

The Valley Wine Company produces two kinds of wine—Valley Nectar and Valley Red. The wines are produced from 64 tons of grapes the company has acquired this season. A 1000-gal

What is the approximate dollar value of the work-in-process

On the average, a firm has a 10-week lead time for work-in-process, and the annual cost of goods sold is %15 million. Assuming that the company works 50 weeks a year: What is

Organization for innovation and depth of knowledge

When it really comes down to it, managing an organization for innovation and depth of knowledge has to do with Absorptive Capacity. Discuss this comment from the perspective

Value of multiculturalism and diversity in operating

While the primary focus should be on Walmart's global operations, integrate information on the regional and national levels. You also need to assess the value of multicultural

Multiple-server waiting line model

A grocery store has three check-out counters. The average service rate for each check-out counter is 25 customers per hour. The average arrival rate is 60 customers per hour.

Develop system for evaluating the productivity

As the administrative manager in a law office, you have been asked to develop a system for evaluating the productivity of the 15 lawyers in the office. What difficulties are y

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd