Rhonda Clark
[Company name]
Rhonda Clark: Taking Charge At The Smith Foundation
Table of Contents
Introduction 1
Analysis 1
Recommendations 3
Summary 5
Proposed Corrections 6
References 7
Introduction
Over 40 years ago, Charlie Smith, an industrialist and philanthropist, founded the Smith Foundation with a multimillion dollar endowment. The Smith foundation is a nonprofit organization whose mission is to fund public awareness campaigns and research programs about eye care. Unfortunately, in recent years, the Smith Foundation’s endowment has been slowly deteriorating due to the lack of significant funding awards. The organization’s endowment problems are a result of a disjointed board of executives; the 13-member board has been operating at only 70 percent for the past two years. Moreover, in the last five years, several board members have begun to abandon many of their fiduciary responsibilities. Additionally, in the past few months, this trend among the executives has led to several board meetings to be canceled due to the lack of quorum. Evidently, the Smith Foundation has lost its sense of direction for distinct reasons: the lack of effort and focus given by the board of executives, and the organization’s ability to maintain a CEO on payroll (the last five CEOs have been forced to resign). Despite the Smith Foundation’s current state, Dr. Rhonda Clark cautiously approaches her newly acquired title of CEO with a high degree of optimism. Ultimately, Dr. Rhonda Clark must understand that a surmountable amount of changes must occur throughout the organization if she intends to turn things around for the Smith Foundation.
Analysis
There are five different bases of power that an individual can possess within an organization. The first being known as referent power, which is a person’s likeability among others. The second is known as legitimate power, which derives solely from an individual’s job title’s authority. The third is referred as expert power, which is a
Rhonda Clark: Taking Charge At The Smith Foundation
Table of Contents
Introduction 1
Analysis 1
Recommendations 3
Summary 5
Proposed Corrections 6
References 7
Introduction
Over 40 years ago, Charlie Smith, an industrialist and philanthropist, founded the Smith Foundation with a multimillion dollar endowment. The Smith foundation is a nonprofit organization whose mission is to fund public awareness campaigns and research programs about eye care. Unfortunately, in recent years, the Smith Foundation’s endowment has been slowly deteriorating due to the lack of significant funding awards. The organization’s endowment problems are a result of a disjointed board of executives; the 13-member board has been operating at only 70 percent for the past two years. Moreover, in the last five years, several board members have begun to abandon many of their fiduciary responsibilities. Additionally, in the past few months, this trend among the executives has led to several board meetings to be canceled due to the lack of quorum. Evidently, the Smith Foundation has lost its sense of direction for distinct reasons: the lack of effort and focus given by the board of executives, and the organization’s ability to maintain a CEO on payroll (the last five CEOs have been forced to resign). Despite the Smith Foundation’s current state, Dr. Rhonda Clark cautiously approaches her newly acquired title of CEO with a high degree of optimism. Ultimately, Dr. Rhonda Clark must understand that a surmountable amount of changes must occur throughout the organization if she intends to turn things around for the Smith Foundation.
Analysis
There are five different bases of power that an individual can possess within an organization. The first being known as referent power, which is a person’s likeability among others. The second is known as legitimate power, which derives solely from an individual’s job title’s authority. The third is referred as expert power, which is a