The decision to recall the trailers would be best for the Company and for society as a whole. When adding the pros and cons of doing nothing about this new found manufacturing flaws in the trailers, the cons out weighs the pros. With out a recall the company will see a 12,000,000-dollar increase in insurance premiums alone, with the loss of business and legal fees the business can potentially go under. The effects on society are even greater. With an estimated risk of 22 deaths that has the potential affected hundreds of people in society.
Frank Ngoubene BMGT440 Prof. Kass 2/26/13 Teletech Case Summary Early January 1996, Teletech Corporation’s CEO Maxwell Harper was sent a letter by billionaire Victor Yossarian following the latter’s purchase of a 10 percent stake in Teletech. In this letter, Yossarian proclaimed that Teletech was not properly using its fund nor earning an adequate return, and that to remedy this problem, some changes had to be made. According to him, Teletech should sell its Products and Systems department and focus on creating value for its shareholders through achieving stronger returns. Ironically, company executives had been debating about the hurdle rate used by the company to evaluate performance, and thus, returns. Teletech, headquartered in Dallas, is a company which defines itself as a “provider of integrated information movement and management.” It has to main business segments: Telecommunications Service and the manufacture of computing and telecommunications equipment, dubbed Products and Systems.
Running head: REED’S CASE STUDY Case Study Ardmond Pree University of Phoenix Dr. Robert Mayfield FIN 370 Case Study In the Case Study for “Reed’s Clothier,” Jim Reed II has allowed what once was considered deem able business practice to drastically affect his business. Jim’s uninformed decision to increase inventory has snowballed into insurmountable debt. Instead of realizing his company was in a financial bind, Reed decided to solicit his bank which has been the company’s bank since being founded, for an increase in his line of credit. With new management in place, the bank no longer does business like the days of old. Harold Holmes, the new banker in charge of the Reed account requests to see company books and after examining what Reed presented, decided to deny the increase in the Reed credit line.
Harley went bankrupt and they were able to come back with a fight. The Harley Company had competition throughout the days of the Great Depression with the Japanese, which delivered them to shut their doors. However ,this then allowed a private business sector to buy the company and expand its motor cycle market and make it successful. The Harley Company is a company that puts out the highest quality of products, and they have done this for century's. Harley has always been about their riders, which has allowed them to succeed.
With the economy in recession, high unemployment rates, and high interest rates proved very challenging for Welch to run GE. The challenges faced from inside the company were massive information and inefficient macro-business models. Amidst all the challenges, Welch took them on with a motto, which was to be “Better than the Best” (Bartlett & Wonzy, 2005). Welch took a stand to restructure the company and identified managers who would fit in areas that could assist to restructure the company, while other managers who did not bring value to the company were let go. By eliminating the sector level, about 123,450 jobs, and also eliminating addition of new jobs, Welch implemented lean and agile methodologies, as well as real-time-planning strategy.
Durham University Durham Business School Msc Marketing Management Mana Organizational Behaviour Summative Assignment Summative (Word count: 2345) Lecturer: Anonymous code: Dr Oliver Mallett Z0941237 Date:16.12.2012 CONTENTS Part 1 - OB analysis of the case................................................................1 case................................................................ ................................................................1 Part 2 - Interventions................................................................................ 4 Interventions................................................................................ ................................................................................4 Conclusion..................................................................................................7 Conclusion.................................................................................................. ..................................................................................................7 Part 1 - OB analysis of the case The case study describes a typical situation where there exists the conflict between employers and employees about whether to pay the bonuses or not when companies are suffering the economic crisis. Luisa, the new CEO, whose father was the founder of this company, is facing the problem after continuous increase in both sales and profits for the past 15 years (pg 153). Such a wonderful case which, even fictional, is no less than the actual challenge that looms various organizations across the globe. Such problem gets more intensified during the recessionary period. A variety of analytical framework can be utilized to explain this case.
In 1982, the amount of the new global strategy was launched when Wisse Dekker became CEO. Under the impetus of the new policy, the plants which were lack of efficiency was closed in order to focus on its core business. Philip purchased Grundig and Westinghouse Electric business in North America. To stimulate profits, the CEO continued Van’s innovation. Unfortunately, the sales were still declining.
The company has seen an increase in weaknesses over the course of the recall mentioned in this specific scenario. The fact that millions of dollars is being spent in order to ensure that the recall is handled correctly is a great indication that the company wants to do what is right, but it is a financial strain that the company simply cannot handle, as well as a great way to damage the brand name. The company has the strength of their corporate structure and a pretty clean history to help grow positive brand awareness. Mattel has the opportunity to correct the situation found in the scenario if they apologize to the public and issue a statement about their plans to alleviate all concerns. Finally, the threats to the company include decreased growth, loss of leadership position, and the potential for new recalls to emerge.
Throughout his illustrious career he has demonstrated greats amounts of courage to persevere in difficult situations. One great example of Lee’s courage came with his decision to join Chrysler. He reflected on this time period that “to save the company, I had to lay off some workers, sell off our European division and close several plants (Iacocca, 2013).” It takes a courageous person to take on the position of CEO for a struggling company that needs to get things turned around. After taking the job it takes strength to then make hard decisions to lay off workers and make large organizational changes. When you add that during this time Lee also asked Congress for a 1.5 billion dollar loan it is easy to see how he emulates the word courage.
As we know, people don’t like changes, especially the ones they can’t predict. If they feel uncomfortable after the acquisition, they will leave the company. High employee turnover rate will lead to vest cost of training expense and reverse effect of working environment. 1 BADM 590 Home Assignment 2 2.Return on investment Yue Wang Cisco had the acquired company’s products appear on its price list on the day the deal closed so that Cisco’s sales force could immediately begin to sell the new products. I find it is a great method to raise the acquired company’s sales.