Page 76 - Stakis Consolidated Teaching Note
P. 76
Although of questionable predictive ability the Z scores
nevertheless give a hint of the direction Stakis is moving
Increased profits and earnings per share will surely ensure
the future survival and growth of Stakis provided the
management team can be retained.
At this point addressing Argenti's double triangle (See
Figure 9) may throw some light on the role and position of
management.
THE DOUBLE TRIANGLE
The Backbone of All Serious Organisations
The Beneficiaries
elect a number of
Governing Directors
who elect a
Chairman
who appoints a
Chief Executive
who appoints his
hierarchy of Managers
who supervise the
work of the
employees
