Peter has been a responsible family man for so many years. As a Manager of God is Great International School, he was loved by his workers and was very genérous to everyone áround him. A great manager, father, husband and statesman by all standards. His woes started when he invested all his life savings in Menzgold for profit. Unfortunately, he invested in August and the company was shut down in September. This has affected him financially and he can no longer meet his financial obligations. He was very determined to continue running the school and hoped to gradually recover financially. He owed six months arrears with regards to staff salaries as at January 2020. He managed to pay part of the arrears in February with just two months left and hoped to complete payments after receiving school fees for the term. Out of nowhere, COVID-19 took charge of the world, Ghana was affected and all schools were temporary shutdown for close to eight months now. Since his school is from Class One to Class Six, it falls in the category of schools to be reopened in January 2021. This decision by government has also badly affected Peter whose debts are rising, financial pressure mounting on him at home, from his staff and other dependents. His wife was pregnant before the lockdown in March and is due to deliver in November. The last scan they took showed that his wife can't give normal delivery except through an operation which is very expensive. Food suppliers to the school, caterers and some of the teachers have also reported him to the Labour Commission an
Peter has been a responsible family man for so many years. As a Manager of God is Great International School, he was loved by his workers and was very genérous to everyone áround him. A great manager, father, husband and statesman by all standards. His woes started when he invested all his life savings in Menzgold for profit. Unfortunately, he invested in August and the company was shut down in September. This has affected him financially and he can no longer meet his financial obligations. He was very determined to continue running the school and hoped to gradually recover financially. He owed six months arrears with regards to staff salaries as at January 2020. He managed to pay part of the arrears in February with just two months left and hoped to complete payments after receiving school fees for the term. Out of nowhere, COVID-19 took charge of the world, Ghana was affected and all schools were temporary shutdown for close to eight months now. Since his school is from Class One to Class Six, it falls in the category of schools to be reopened in January 2021. This decision by government has also badly affected Peter whose debts are rising, financial pressure mounting on him at home, from his staff and other dependents. His wife was pregnant before the lockdown in March and is due to deliver in November. The last scan they took showed that his wife can't give normal delivery except through an operation which is very expensive. Food suppliers to the school, caterers and some of the teachers have also reported him to the Labour Commission an
Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter6: Managing Start-Ups And New Ventures
Section: Chapter Questions
Problem 2ED
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Transcribed Image Text:Peter has been a responsible family man for so many years. As a Manager
of God is Great International School, he was loved by his workers and was
very generous to everyone áround him. A great manager, father, husband
and statesman by all standards.
His woes started when he invested all his life savings in Menzgold for profit.
Unfortunately, he invested in August and the company was shut down in
September. This has affected him financially and he can no longer meet his
financial obligations.
He was very determined to continue running the school and hoped to
gradually recover financially. He owed six months arrears with regards to
staff salaries as at January 2020. He managed to pay part of the arrears in
February with just two months left and hoped to complete payments after
receiving school fees for the term.
Out of nowhere, COVID-19 took charge of the world, Ghana was affected
and all schools were temporary shutdown for close to eight months now.
Since his school is from Class One to Class Six, it falls in the category of
schools to be reopened in January 2021.
This decision by government has also badly affected Peter whose debts
are rising, financial pressure mounting on him at home, from his staff and
other dependents.
His wife was pregnant before the lockdown in March and is due to deliver
in November. The last scan they took showed that his wife can't give
normal delivery except through an operation which is very expensive.
Food suppliers to the school, caterers and some of the teachers have also
reported him to the Labour Commission and they have ordered him to pay
them in one month or face prosecution.
Peter is obviously under pressure from all angles and needs help
a) Analyze Five (5) sources of stress for Peter. Answer this using your
understanding of sources of stress in terms of the organization,
environment and individual, Note that you need to state the source in
the case and relate it to any of the sources from your lecture
materials and justify your answer.
TECNO
SPARK
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