There were some WorldCom directors who made entries, but didn’t know what they were for and GAAP support (Mintz & Morris, "Case 2-1 Cynthia Cooper and WorldCom," 2011). An audit committee meeting took place, where the truth was reveled about the “prepaid capacity” and the misleading entries. It was mentioned that there were good business reasons but no accounting rationale for the entries (Cynthia Cooper and WorldCom). According to Mintz, “the due care standard calls for continued improvement in the level of competency and quality of services by performing professional services to the best of one’s abilities” (Mintz and Morris, Ch.1, 2011). Mintz, S. M., & Morris, R. E. (2011).
That would be due to that the fact that the inspections were to have been assumed to be passed during the work. The main focus of the case is whether or not the Estelle’s made their complaints known throughout the process. If the complaints were made known and Allen then decided to ignore the complaints and go about his own building plans then he could be held liable for this tort. However, if Allen was completed the work under the assumption that he had been passing the periodic inspections without any complaints then his corporation should not be liable because their work was assumed to be correct and acceptable until the end. “A corporation is a creature of statute, an artificial “person.” Most states follow the Model Business Corporation Act (MBCA) or the RMBCA that are model corporation laws.” Corporation is owned by the shareholders and managed by a board of directors.
Projects costs were placed in line organization buckets and charged to Cisco’s profit centers. Line managers evaluating IT investments also chose a valuation method based on several factors. For example, Cisco used ROI instead of NPV or EVA because business benefits were clear, detailed analysis was not always performed, and time value of money was not a factor; the goal was to find the next “breakthrough
>> Describe the lessons learned from this case. The case study is about B&D that lose out their market share to competitor in the Professional-Tradesmen segment. In spite of having powerful brand name and high product quality, the company still failed in the Tradesmen segment due to other factors. Since B&D tools were highly regarded in the demanding Professional-Industrial segment, the problem of loosing share was obviously not related to product quality. This was proven with thorough laboratory and onsite testing that B&D products are not mechanically inferior to any of the competing power tools.
This allows the employer to modify and potentially grow a better business, and with want, a larger one, on a regulated path. After review, it is recognized that not too much negative attention is brought to OSHA, pertaining to small businesses. These businesses are given the opportunity to reconstruct and develop; otherwise could be stated for corporations. OSHA feels that by bringing damaging inspections to the public eye that it will incentivize other companies to succumb to submission. It has been reported that OSHA does not take the proper steps to rectify and/or modify the violations that are released; ultimately, this ‘affects OSHA’s credibility, with employers.’
According to Berri, D. J., Leeds, M. A., Leeds, E. M., & Mondello, M. (2009) Jack Welch, did not create any new financial services, but did transform GE’s focus from manufacturing to financial services at a time when manufacturing was declining. While many managers won’t admit to it but most are drawn to management because
Management Information System Midterm 1- How does Nicolas Carr define information technology in the HBR article "IT Doesn't Matter"? In the article “ IT Doesn’t Matter “ Nicolas Carr defined IT as a “transport machine” and a key function in business that transports, stores, and processes digital data such as railroads transport goods and power grids carry electricity. However, he conclude that since IT becomes more standardized, ubiquitous, necessity tool and commodity, the strategic advantage of IT has decreased since it become available to all businesses with low or no cost. 2- What does Carr consider to be the most important factor/s for a technology to become a competitive advantage for the owning company? In his article, Carr stated that as it is the case of infrastructure, It become a very rare recently for IT to generate a competitive advantage.
But despite this dire situation, the company is looking for ways to improve its production system because it still believes that their Joinery business still has some unexplored opportunities. In the analysis of each case, the group further dissects the general problem statement above into specific problems with respect to the background of each case. Company Background Although the department never seem to have a problem about the quality of its products, it still remained stubbornly unprofitable. It was found out that for majority of the orders, the actual times booked by the joiners exceeded the time that was agreed upon
However, after the introduction of these two new flavours, the company’s operating margins decreased. The company’s controller, Laura Tunney, could not understand the reason for this result as, according to her analysis, the two new products were more profitable than the others the company was already producing. At the same time, Ericson’s manufacturing manager, Jeffrey Donald, emphasized the fact that the production of the new products consist of a more complex process as it requires more time in setting up machines and monitoring the whole procedure. Consequently, he thought that increasing the company’s product portfolio would not benefit the company. After some consideration, Laura Tunney arrived to the conclusion that probably her analysis was incorrect due to an inaccurate allocation of the company’s indirect costs.
This, however, is a slippery slope because automation does not necessarily cause job loss. One must take a deeper look at how robots impact the industry. First of all, as mentioned before, companies who automate create direct and indirect jobs by doing so. It is true that robots could take low skilled factory jobs; however, the number of unemployed workers has stayed the same or even decreased throughout the years. Our society today is very technologically advanced and not utilizing those technologies will only put us at a disadvantage.