Curled Metal Inc. Executive Summary Situation Analysis and Main Problem - CMI is a well established company in the automotive market that is about to launch a new product. The new CMI’s cushion pads have tested very well in field tests conducted by the company and now its managers must decide how to penetrate this new market. The pads main competitor product are the aluminum pads, many companies manufacture them and some construction companies even do it themselves. There are no organized channels of selling and distributing the product and CMI must decide for themselves how to sell the product and at what price. EVC analysis (Appendix A) shows that the new pad’s EVC is ~$4,500 and CMI must now decide on how to price the new product as to distribute the value between themselves and the customers.
When it came to this theory workers were punished and rewarded. This approach appeared to work well for organizations with assembly lines and other mechanistic, routinized activities.”(Carter McNamara, 2009) Also, Taylor was known as the “father of management thought.” He developed four principles to increase efficiency in the workplace based on his own experience and observations as a manufacturing manager (George, 2009, p.43). “According to Taylor, management needed to do three things to increase productivity (and thus profits). First, the most efficient tools and procedures had to be developed and applied. Here, Taylor relied on so called time and motion studies, which concentrated on identifying the most economical set of physical movement associated with each step of a work process.
2. Wengart Aircraft has been spending a lot of time on rework and that is now acceptable in their company. This has had a different effect of how the customers feel and they are now complaining about this need for rework and lack of quality from Wengart Aircraft. They need to change their corporate culture to reflect the need for quality the concept of TQM cannot be successful going forward. Corporate culture must support continues improvement and quality needs to be seen as a way of life.
Duncan Industries specializes in scissor hoists. In 1999, the company captured 46% of North American scissor hoist sales and 2.1% of the overall hoist market. The president of Duncan Industries is Mark Duncan. As a design engineer, he has a solid background in the industry working eight years for a Canadian subsidiary of a U.S. manufacturer before starting Duncan Industries in 1990. Mark had designed an above ground lift and was passionate about the development of this lift with its unique scissor design and wheel alignment pads.
Sensibly, they decided to hire an external company, called Industrial/Organization Solutions, Inc. (IOS), to develop and administer its examination. Since the IOS was receiving a very large amount of money to develop and administer its exams, they took extreme measures to verify the test was unbiased, job related, and consistent with business necessity. The extra measures which were taken to validate the exam were done in order to ensure that the exam did not favor White candidates (Mitchell, 2013). 118 firefighters took the exam; including 77 for lieutenant and 31 for captain (ten firefighters did not complete the exam for unknown reasons). It should be noted that
Ken Melrose: Making the Grass Greener on Your Side Francesca Maria Fernandez Florida International University Abstract Faced with a major financial burden in the 1980's that threatened the success and overall survival of the organization, the Toro company, was becoming more and more accustomed to lawsuits due to inherent hazards associated with using their machinery. In 1983, Kendrick B. Melrose took over as CEO and was able to overcome his company's financial plummet by turning to empathy for an answer. He developed an approach called “Alternate Dispute Resolution” to deal with the accidents or serious injuries associated to their products. The new approach suggested that the company would now show empathy by personally talking to the customers affected by their products to understand what happened, instead of going straight to the legal process. Ken Melrose believed that if there was a situation where someone was ready for a fight and you looked them in the eye and genuinely said, “I am very sorry this happened,” it almost instantly takes the animosity out of the equation.
BSA/310 Business Systems Professor Jim Butcher System Inventory Student Erasmo Valoy October 21, 2012 Dear Marco Vasquez, My name is Erasmo Valoy I will be your IT consultant to help your business run in a smooth fashion. I will be giving you the top five IT systems that can help your business operations. These lists of systems are not set in stone, but this will give you an idea of how it works. Since finances are very important to keep track of money coming in and money coming out, it would be good to use the transaction processing system for internal and external transactions. This will control payroll transactions; this could be done by batch process or online.
During the gilded age, industries and cooperations grew to a massive size due to corruption and monopolization that flooded the market. During this period many Americans followed the principles of lassie faire and the government has not violated these principles until the gilded age. The government strongly agreed to subsidize the railroad companies in order to help the economy, connect the west to the east, and to create a reliable system of transportation. This action moderately violated the principles even though it was one of the biggest violations of the gilded age. American citizens pressured the government to regulate cooperations and trade in order to stop them from creating pools, make use of rebates, the monopolization of trade, and take advantage of the consumers which violated lassie faire ideas to a slight degree.
When he started his Ford Motor company he was always looking out for his customers and his employees. When he realized that too much time was being spent trying to create one car at a time, he came up with the idea of using the assembly line method or mass production. By using this method it greatly cut the cost of production per vehicle so instead of keeping prices high, it actually lowered them. He also raised the pay of his workers. He is one of the big reasons that the United States has a middle working class because of his great generosity for his workers.
Following the WWII the economy boomed in several ways. Due to the high demand of supplies for the military it created jobs and decreased the number of unemployed citizens. The production and expansion of military products did not seize even after the war was over. It opened up factories to create more powerful and sophisticated weapons to defeat our enemies. As we see today we are still seeing changes in our military and defense system.