Cruickshank, Garth& Romano
Cruickshank, Garth& Romano
Word Count: 1477
Introduction
Cruickshank, Garth& Romano is a startup company, formed by Richard, Chris and Wayne to provide industrial, residential and commercial evaluations, and also consulting services and feasibility analyses in National Capital Region (NCR). Based on the experienced principals who enjoy good reputations, Cruickshank, Garth& Romano is aimed at providing high quality service as NCR’s top four firms which dominate the commercial appraisal market in NCR, but they tend to do business with the owners of smaller properties. Recently, because of the economic regression, to get sufficient revenue, the principals have realized that getting new larger developers is crucial to Cruickshank, Garth& Romano.
Richard Romano, one of Cruickshank, Garth& Romano’s principals, is doing business with Watson& Musico Developments, the major developers and property owners in NCR. Initially, this ideal business will bring not only very attractive benefit to the company but also a good chance to build good relationship with Watson& Musico Developments which is company’s new desired target. However, John Mortimer, the controller of Watson& Musio, needs high estimated value to refinance company’s property and he is not satisfied with Richard’s preliminary evaluation of 30.5 million. Meanwhile, he requests Richard to raise the value to 35 million by ignoring the side agreements and using full face rental rates. Now, Richard meditates on whether he should submit to John’s will by raising the value to $35 million.
Stakeholders
Richard Romano is the principal and founder of Cruickshank, Garth& Romano who concentrates on large commercial properties, complex appraisals, and consulting service. He has worked for one of the four major NCR firms for several years which give him high reputation and rich experience. Besides, he is also an Accredited Appraisal Institute of Canada (AACI) candidate. During
Word Count: 1477
Introduction
Cruickshank, Garth& Romano is a startup company, formed by Richard, Chris and Wayne to provide industrial, residential and commercial evaluations, and also consulting services and feasibility analyses in National Capital Region (NCR). Based on the experienced principals who enjoy good reputations, Cruickshank, Garth& Romano is aimed at providing high quality service as NCR’s top four firms which dominate the commercial appraisal market in NCR, but they tend to do business with the owners of smaller properties. Recently, because of the economic regression, to get sufficient revenue, the principals have realized that getting new larger developers is crucial to Cruickshank, Garth& Romano.
Richard Romano, one of Cruickshank, Garth& Romano’s principals, is doing business with Watson& Musico Developments, the major developers and property owners in NCR. Initially, this ideal business will bring not only very attractive benefit to the company but also a good chance to build good relationship with Watson& Musico Developments which is company’s new desired target. However, John Mortimer, the controller of Watson& Musio, needs high estimated value to refinance company’s property and he is not satisfied with Richard’s preliminary evaluation of 30.5 million. Meanwhile, he requests Richard to raise the value to 35 million by ignoring the side agreements and using full face rental rates. Now, Richard meditates on whether he should submit to John’s will by raising the value to $35 million.
Stakeholders
Richard Romano is the principal and founder of Cruickshank, Garth& Romano who concentrates on large commercial properties, complex appraisals, and consulting service. He has worked for one of the four major NCR firms for several years which give him high reputation and rich experience. Besides, he is also an Accredited Appraisal Institute of Canada (AACI) candidate. During
References: Sinclair Daniel. (2006). Cruickshank, Garth& Romano. Sharp, David J. (Ed), Cases in business ethics (47-55). Thousand Oaks, Californian: Sage Pulications