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As you may know by watching billionaire Marcus Lemonis, as he works with actual small businesses in which he’s taken an ownership share, human resource management often plays an important role in what he and the business owners and managers need to do to be successful. For example, at Grafton Furniture, a lack of clarity about who does what (a lack of up-to-date job descriptions) leads to inadequate supervision of some ongoing orders and to lower profit margins. Questions also arise at Gafton about, for instance, the effectiveness of the training that some managers (including the owner’s son) have received.
Watch the show clip and answer the following questions:
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