Strengths-Based Development (read case P93) Summary: When drought threatened the survival of Ohio farming co-op Auglaize Provico, CEO Larry Hammond changed the business model. He implemented strengths-based development to leverage the unique strengths and talents of each employee. Hammond hoped that encouraging employees to leverage their innate talents would enable them to drive the business forward. 1. Do you think it is better to focus on assessing and developing employees’ weaknesses, or to focus on their strengths? Why? 2. Why would strengths-based development increase employee engagement? 3. If you were a manager, how might you interact with employees differently if you were using strengths-based development rather than deficit-based development?

Aeuropean aircraft producer has spent 15 years in developing a new aircraft that would potential threaten long-lasting boeing's dominance (monopoly) in the same class of aircrafts. the new european aircraft gets high marks on all performance measures except noise. because of the noise, the european producers management is concerned that the us government may impose restrictions which would forbid their aircraft to land in some of the american airports. without restrictions the estimated (present discounted) profit would be 125 million usd. with the restrictions the profit would only be 25 million usd. the chances of both outcomes are estimated to be 50-50. management must decide now whether to the cost of redesign program problem and a 60% chance it will fail. should the european aircraft producer start the noise redesign program if they do not have any redesign parts of the aircraft to solve the noise problem. is 25 million usd. there is a 40% chance that redesign will solve the noise additional information than mentioned above? draw the decision tree, indicate probabilities and outcomes of the events * imagine that the company could find out in advance the outcome of the u.s. government's e find the expected value of perfect information about the u.s. government's decision. decision. draw a new decision tree, indicate probabilities and outcomes of the events.