Business, 16.06.2021 15:40 nothingworksoutforme

Mt. Kinley is a strategy consulting firm that divides its consultants into three classes: Associates, Managers, and Partners. The firm has been stable in size for the last 20 years. Specifically, there have been â€“ and are expected to be â€“ 200 Associates, 60 Managers, and 20 Partners. The work environment at Mt. Kinley is rather competitive. After five years of working as an associate, a consultant goes "either up or out"; that is, becomes a manager or is dismissed from the company. Similarly, after another five years, a manger either becomes a partner or is dismissed. The company recruits MBAs as associate consultants; no hires are made at the manager or partner level. A partner stays with the company for another 10 years (a total of 20 years with the company).

Required:
a. How many new MBA graduates does Mt. Kinley have to hire every year?
b. What are the odds that a new hire at Mt. Kinley will become partner (as opposed to being dismissed after 5 years or 10 years)?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 09:00

What should a food worker use to retrieve ice from an ice machine?

Answers: 1

Answer

Business, 22.06.2019 23:30

Sally mitchell works as a manager at an environmental organization. she is currently working on a global warming project and decides which tasks related to creating awareness about the issue need to be done. in addition, she is also deciding which members of her team will work on engaging with the public and which will work on lobbying with the government. she is also assigning people as team members to ensure that tasks are undertaken on time. which of the following categories of functions is mitchell undertaking? envisioning organizing controlling planning

Answers: 1

Answer

Business, 23.06.2019 02:40

This year, druehl, inc., will produce 60 comma 000 hot water heaters at its plant in delaware, in order to meet expected global demand. to accomplish this, each laborer at the plant will work 200 hours per month. if the labor productivity at the plant is 0.25 hot water heaters per labor hour, how many laborers are employed at the plant? number of laborers employed by the plant = nothing laborers (round your answer to the nearest whole number).

Answers: 2

Answer

Business, 23.06.2019 06:00

Legal requirements, suppliers and distributors, competitors, and market profiles are contained in the element of your business plan. a. introduction b. operating plant c. industry d. business information

Answers: 1

Answer

You know the right answer?

Mt. Kinley is a strategy consulting firm that divides its consultants into three classes: Associates...

Questions