TK Klaveness Coursework Example | Topics and Well Written Essays - 3250 words

TK Klaveness - Coursework Example In the given case, the Torvald Klaveness or TK had many children from his two marriages. There were future grandchildren too which also increased the family number. So, in such a huge family matters related with share and dividends becomes obvious. 2. What insights can you gather on how family enterprises compete and think differently? (Compare the family business to the non?family owned business). There are certain inherent traits that rare seen in the business family enterprises compared with the non business enterprises. The business families will be found to be always engaging in increasing their interests’ specially the shares in the company. They will be found to be concerned about their family shares too. This may not be seen on non business families at the first sight. As in the case study, Tom Erik was seen to be concerned about the future of his two daughters. Same was seen in case of the two sons of Trond named Morten and Jan as they were quite young and he was anxi ous about their inheritance. Though the family was well related it seemed they were more eager in protecting the wealth of their individual shares. 3. What are the key issues that lie ahead for the Klaveness family and the Group? (think in terms of family, ownership and strategy) Firstly, there was the issue of choosing the right heir for the company. There were differences between tom Erik and Trond Klaveness. They had different business approaches and personalities. Their leadership styles would vary accordingly. The issue was if only one was chosen as the leader, according to the company guidelines what would happen to the rest of the family members. There were issues related with the off springs of the two sons of TK , about how they would contribute to the business affairs. Also the female members of the family were showing their interests in the family business. And Secondly, in terms of ownership, the family was at a fix of how much shares to be allotted. In terms of strategy there were differences between the two brothers about retaining the company legacy and passing it to the next generation intact. While Trond wanted to change the shareholders agreements. 4. What is your diagnosis or interpretation of the situation they face? The family was not able to form a single conclusion where they would arrive at a single consensus. There were many members like Trond who had different aspirations and did not wish to remain with the company for ever. The issues related with share allotments and succession complicated the matter more as there were differences in ideologies between the two main members of the family. 5. What should Trond propose at the August 2002 meeting? At the meeting of 2002, Trond should propose that a proper family meeting be announced that would be mediated by the third party council. This would help to bring uniformity in the discussed issues. 6. How should he and the family proceed? Trond will have to proceed in a way so as to retain hi s father’s legacy and also address his own personal goals. He has to maintain a share level in the company that would benefit his sons who were quite young for inheritance in the company. 7. From your cultural perspective and your family experience, what recommendations would you offer the Klaveness family? The Klaveness family was a huge and an extended one. They needed to spend more time with each so s to prevent the formation of any rivalry between them. Money is important for any family to run but it is the people who hold the family together that are essential to continue a huge business empire like the Klaveness’. Tetra Pak Converting Technologies Dr. Kristian J. Sund Read the case and consider the following questions: 1. What were the

Sampling assignment Essay Example | Topics and Well Written Essays - 500 words

Sampling assignment - Essay Example nd-picked to constitute a team of 20 students without condition or any other consideration (be it a student of any level, of any particular gender or age). The result of the average of the sample in comparison with the population is showing a relative large deviation since the first sample is just a mere representation of the whole population constituting 20% of the whole population in general. Another aspect of the big deviation is the existence of extreme values within the first sample for instance while student ID no. 1 has zero days for being absent, the student ID no. 7 has 13 days of absenteeism. The second sample of this sampling technique is categorically picked on the basis of gender. The technique seeks to investigate the difference created as a result of the school attendance among the boy-child vis a vis the girl-child. This second sample particularly check the absenteeism rate across the whole school for the girl-child gender. The list of the 20 students randomly picked from the whole population of the 100 students are as stated in correspondence with their ID numbers and the number of days a student has been absent from school over the period. The positive deviation felt in the second sample as compared to the population average is as a result of reduction in sample space from 100 to 20 students for the sampling purposes. The average rate of absenteeism among the girls is slightly higher than the average population average, showing absenteeism is higher among girl-child in school. The third sample of this sampling technique entails the 20 boys among the 100 students population. This sample randomly picks at student from any grade, any age as long as he is a boy-child for this sampling purpose. Their ID numbers are recorded alongside their respective number of days one has been absent from school as follows: The average rate of absenteeism among the boys in the school is slightly above the average rate of absenteeism in the general population of