Their manufacturing facility is antiquated, worn, and technology deprived and no longer meets the US safety and environmental standards. Question 1 Carefully review the assignment scenario/case study. From the limited information in the scenario/case study, along with your answers to the unit three written assignment, identify at least three direct and specific long-term and three direct and specific short term operations changes that Albatross Anchor must make to gain a clear and sustainable competitive advantage (provide detailed information to validate and support each recommended change). The first long-term change that Albatross Anchor should make to gain a clear and sustainable competitive advantage is technology. Since Albatross Anchor was founded in 1976, they haven’t updated the ways that they manufacture anchors.
Lack of clarity of purpose can be a risk and a legal issue leading to disputes. The major legal principle here is that, companies should always endeavor to clarify and understand each and every clause of the contract so that they know what they are committing themselves too. It lessens on the misery caused during times of disputes. No matter how easy and simple it may appear during the contract signing process, it becomes totally complicated to understand and agree upon a common interpretation of ambiguous clauses when disputes come up. For instance, in the simulation given, there were ambiguous clauses like “ordinary requirements change” which became a source of conflict because the software user and system requirements changed over time which were had to just incorporate into the contract because of the big effect they had on the project costs and
Patients may be forced to stay off work which will lead to a loss of earnings putting more stress on the individual and their families, possibly leaving a patient needing treatment for depression. Also the patient would have the stress and worry of passing on the infection to loved ones. All of these will lead to a loss of trust in in the organisation. Worse case death could occur. 007-4.1 Define the term risk.
Those who are going to be affected by the three alternatives are; the customer, consumers, government regulators, our employees, and the company as a whole. Then I identified the potential consequences of each alternative; such as the cost of a recall, safety of children, potential litigation, and maintaining the company’s reputation. I have come up with three possible solutions for our quality control issue of these whistles. The first option is to delay shipping. We could remanufacture the whistles, and then ship the entire collection at a later date.
Problems occur if such situations are ignored: If the situations are ignored, it may turn even worse and employees refuse to work, poor coordination and integration. Employees become demotivated and in turn loss to the company since cost factor increases with these situations, there is will be no creativity and innovation in organization of employees. In Case Study "Cape Trafalgar" if the situation is the same i.e., ignoring. Fisher men may revolt against Government and Organizations. Already Fisher men are hostile towards the actions carried with them and this will take worse and there is a troublesome situation for Government if all the opposing parties in the
This means that they are experiencing severe vulnerabilities and they need to take action immediately. When customers start hearing that the companies they deal with have had security breaches in their computer systems data, they panic and most tend to, discontinue associating with that particular company. This company needs to look at for the future, for data loss prevention to be effective, the company must decide on the right strategy, employ the right people, target the right data and purchase the right technology. With these accommodations this should reduce the likelihood and cost of future data, breaches and or violating compliance, rules and laws and or regulations. This will also allow the company to have control over how and what data is being exported and what employees or students are online and how this data is used throughout this company.
Tootsie Roll Industries Inc. Loan Package In the current corporate arena, the steady decline of business has been evident with company closures, loss of jobs, and foreclosures on properties. For a business to survive in such a harsh environment, a sound business plan is necessary along with knowledge of the marketplace and the needs of consumers (The U.S. Small Business Administration, 2012). A company also needs to review operations to ensure its processes are efficient and cost effective. As a business expands and ages, it requires updating equipment that integrates advanced technology. The proposed plan for financing new equipment and technology will reduce costs, increase product gross margins, and maximize opportunities for dividends.
Engstrom Auto Mirror Plant: Motivating In Good and Bad Times Who is the main Character Ron Bent the plant manager is the main character. He is tasked with attempting to turnaround the Engstrom plant because of low productivity and slumping profitability. What is Actually the Problem Although there are many different issues at the Engstrom plant, one of the main problems is that the management is not properly motivating their employees. This is causing low productivity and profitability at the plant, which is making Ron Bent the plant manager lay off workers and the Engstrom Family consider closing the plant. Bent describes this as a “vicious cycle”.
These three risks tend to flow together. If defects are not found and corrected, it reflects upon the company and the product. Customers will lose faith in the product and the company. The negative effect for the company is a bad reputation, loss of sales, and eventually would have to close. It is important for the company to show good faith by taking the corrective action to correct the defects and make it right for the
On the other hand there that middle class of poor that knows nothing about the system or doesn’t have the resources to get a good lawyer they are screwed completely ruin your life and affecting some people around you. Several contemporary concerns impacting criminal justice professionals are, stress, finances, the economy, their family and friends, health and job security. I say stress because so many things can stress a person out this line of work. It can be the hours of the job, the clients, the court cases, etc. Finances can be a major worry especially if your budget is tight and so is your money.