Distinguish among operating, investing, and financing activities. Managers’ activities and responsibilities can be classified into three broad functions. List and discuss each function. Identify and discuss the relevant costs in accepting an order at a special price Smith & Company claims that the relevant range concept is only important for variable costs. Explain the relevant range concept and discuss whether you agree with Smith & 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.
A tariff or tax is added to the price of the imported product. The result of this tariff is a higher cost to the consumer, which, in turn, decreases consumption. A positive consequence of this would be that fewer items are purchased or imported, which would logically increase domestic production. This approach is being discussed by some presidential candidates as an avenue for increasing jobs in the United States. It should be recognized
Newcombe should listen to Braxton about why he can’t raise salaries to Johnson first before listening to Johnson’s point of view. Once Newcombe listened to both sides, he should follow up to his supervisor, senior vice president. Once he makes a notification to senior vice president, Newcombe should give a warning to Johnson and explain about company’s policy, which is to terminate an employee if he or she fails to notify his or her supervisor about being absent. Since Johnson seemed to be underpaid by Braxton, Newcombe should give Johnson one more chance.
Confidence's Cost to Collaboration The corporate formula for innovation often focuses on creating a team of experts to cook up the next big thing. Groups of managers -- typically composed of individuals from a variety of fields, including engineering, marketing and operations -- band together to develop new products or services that can create top-line growth. In a recent paper, Wharton management professor Jennifer Mueller and Wharton lecturer Julia Minson looked at the dark side of teamwork -- the tendency of those groups to become insular and less efficient as they grow in complexity. In "The Cost of Collaboration: Why Joint Decision-making Exacerbates Rejection of Outside Information," Minson and Mueller found that people working in pairs were more likely to dismiss outside input than individuals working alone. Mueller
Sergio Marchionne Undertakes Culture Changes at Chrysler Group Simon Ware Excelsior College Author Note This paper was prepared for Organizational Business 311 and taught by Professor Gregory Gotches Sergio Marchionne Undertakes Major Strategic and Culture Change Chrysler Group In the new companies of today there is lots of competition and there are lots of competitors to go after the business. If a company doesn’t do things right they risk the possibility of having their doors shut forever. These results are affected by a number or variables such as profit line margins, corporate social responsibility, shareholder happiness, consumer perception and also their Organization Culture. Today I will be addressing the later of these examples which is the organization’s culture. Organization culture is one of the most important yet often overlooked aspects of many businesses today.
Ducati’s Value Chain Analysis Primary Activities Inbound Logistics: The Platform Production approach reduced the need for handling and storing of raw material. The inbound logistics at Ducati were raw material required for crank cases, cylinder heads and subassemblies coming from its tier 1 supplier. This decreased the need for keeping large raw material warehouses. The presence of Ducati’s suppliers near its Bolonga plant also helped Ducati and its suppliers to maintain fewer inventories and be quick to production response. Operations: Ducati in 2000 was following a Platform Production approach which made possible to increase production outsourcing to 87%.
A review of 80 studies evaluating motivational methods and their impact on employee productivity highlighted several activities that could increase productivity (Verma, 1996). These activities included goal setting, efforts to enrich jobs, employee participation in decision making, and monetary incentives. The Engstrom bonus plan basically incorporated all of these activities. Where I think they fell short was the communication breakdown between the company and the employees when the economic downturn first started. I believe the monthly meetings between the company and the employees should have been putting more responsibility on the employees to come up with ideas to deal with reduced sales due to the economic conditions.
If we observe the sequence of the events, probably, the most important stakeholder (in negative way) is the UK Government: it was not able to ensure to the employees their workplace and it failed his attempt to maintain BMW at Longbridge. BMW, the second most important stakeholder, plays both role: that of "Longbridge hero" for trying to bring back the old glories of the plant, and that of “the enemy”, after having sold the business without worrying about the workers and government proposals. Then comes the “Phoenix Four” consortium, “hailed as heroes for averting catastrophic job losses and for keeping Britain in the motor industry”. We can list Nanjing Automotive and SAIC (Shanghai Automotive Industrial Corporation) for their contribution in saving as many workplaces as possible, buying the plant. Last but not least, the employees.
A challenge an engineer normally faced in his or her routine include instructed by their employee to prepare a bankable report but with no access to ascertain the reliability of the information provided. It is possible that the information’s provided is the only info that the Employer had obtained also. In light of the IEM Regulation on Professional Conduct, it is necessary for me to inform my employer in writing of any conflict between my personal interest and faithful services to my employer. The impacts could either causing positive or negative effects to other peoples or even the community. Recently, the Government had implemented Consultancy Service Tendering where the consultants would be required to prepare the Technical and Financial Report.