Very large scale integrated chip

Assignment Help Operation Management

Reference no: EM13964740

Read the scenario set out below and discuss the questions that follow it: 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: EM13964740

Questions Cloud

Meeting demand fluctuations entirely by hiring-firing worker : Meeting demand fluctuations entirely by hiring and firing workers so that production closely matches demand each period is an example of a(n)

Reduce the possibility of such a conflict in a corporation : Describe agency conflict and the measures that can reduce the possibility of such a conflict in a corporation. Your response should be at least 250 words in length. You may use only your textbook as source material for your response. All source mater..

Compensation study tracks tends : Read Close Up Media (2015). The Wall Street Journal / Hay Group 2014 CEO Compensation Study Tracks Tends in (Links to an external site.)CEO Pay (Links to an external site.). Close Up Media, Inc., June 30, 2015.

What rate of return would you earn if you bought the bond : Suppose you could buy a three year bond for $2000 that had a face value of $1000 and paid a coupon rate of 10%. What rate of return would you earn if you bought this bond?

Very large scale integrated chip : Read the scenario set out below and discuss the questions that follow it: 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. ..

Describe the importance of water, ph, temperature, light : The physical requirements that affect the growth of the microbes are temperature and pH

What ratio of final sound to original sound intensity : The volume control on a stereo amplifier is adjusted so the sound intensity level increases from 23 to 61 dB. What is the ratio of the final sound intensity to the original sound intensity?

Calculate the heat of dissolution (q) of urea : Calculate the molar enthalpy change, equivalent to the heat of dissolution over n, where n is the number of moles of urea.

What would be your dependent and independent variables : Suppose you were interested in determining the effect of lighting on the morale of your employees. How would you go about obtaining data for your research? What would be your dependent and independent variables? How would you determine the ideal ..

User Account

All Pages