PAPER: ACCT. 525 FALL 2017
Marcus Lemonis is a successful businessman and as a result is now a multi-millionaire. He now stars in the reality show “The Profit”. Although this is a reality show, and undoubtedly the content is managed in a way to create an interesting show, it does present real life business situations. He specializes in going into businesses which are experiencing problems, normally buying a share of the business, and under his management, turning the business around. He has invested millions of dollars in such a way in many businesses. His philosophy is that a profitable business depends upon success in three areas: people, product and process.
REQUIRED: Choose any episode of the show which first screened after 20 August 2016 and describe how he used concepts and principles contained in your textbook to turn the business around. If he eventually decided not to invest in that business, provide the same details of his analysis and recommendations for the business. In your paper you
must address the following issues.
| Identification of Problem |
| Student understands the issues/ problems.
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| Student discussed data/facts from relevant stakeholders. (minimum of 3). |
| Analysis
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| Student evaluates the impact of issues/ problems identified (minimum of 3).
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| Student analyzes the data/information using qualitative/ quantitative tools. |
| Student analyzes the internal business environment (minimum of 3). |
| Student analyzes the external business environment (minimum of 3). |
| Solutions/Recommendations
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| Student generates alternatives (minimum of 3).
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| Student recommends a corrective action plan. |
| Student implements solution (s). |
DUE: Friday, November 24. Submit your paper in a word document, as an attachment, to the dropbox. Put your surname as the file name and on each page of your paper.
PAPER SIZE: 3 double-spaced typewritten pages, with title page and sources page (extra). Do not include an abstract. Use Times New Roman 12 font and 1 inch margins.
PLEASE NOTE: For those in the habit of ignoring, or going against, instructions, please make sure your best material is on the first two pages because that is all I will be assessing. There will be an automatic 10 point deduction for any student who does not follow any of the requirements outlined on this page.
TURNITIN: When you submit your paper to the Dropbox it will be processed through Turnitin. You will not see the rating – only I will. Submitting your own work in your own words will result in a satisfactory Turnitin rating.
PLEASE NOTE: There are two Dropboxes for the paper. One is for MBA students and the other is for all other students. I will explain this in class live. It has no impact on your score for the paper but is merely an administrative separation.