...1. Issues: ….as the top managers of their company, the brothers might usually deal with issues on: (1)quality control- the company is mass-producing their products to ensure that they meet daily demands. Since they are producing at very large quantities, they might not be able to have a very good quality control because producing at a high-rate speed can cause unavoidable errors by the machines or by their information system or by the employees in the production department. (2) … Management functions: …. 2. Managerial style: “Letting out the optimism in your heart”. This means they try to create in their company a light and joyful environment. This mainly targets the people who work in the company (employees in particular). Optimism is powerful and key to a productive company. When you are happy you tend to work well. When your employees are happy they tend to work well with others also. The brothers, trying to maintain the “culture” of life is good, named themselves as the Chief Executive Optimist and Chief Creative Optimist. Would this approach apply to other organizations? Why or why not? Yes of course. Happy people are more productive than pessimists. Just take this notion: would you do your assignments well if you are feeling sad? Or just compare your performance on a test when you’re feeling positive and when you’re not. Optimism really affects performance. This is great for employee management and customer relations management. Every business-oriented...
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...Michael J. Walk APPL 647: Training and Organization Development 5 September 2007 Case Study 1: TGIF Quantum Software has, at the macro level, the issue that their chief interest is producing software, which can be intrinsically painstaking work. In fact, the employees often work 16-hour days and six-day weeks. In order to counter-balance this difficulty, the company’s founders instituted the “beer bust” event. This, of course, creates other concerns—those related to the over-consumption of alcohol and the intentional or unintentional harm that could result from abusing the privilege of a company-provided drinking party. The drinking party itself would be neither a problem nor a worry if all employees could be expected to act safely and responsibly despite alcohol consumption, but this assumption is usually not warranted. Individual employees who cannot be trusted to maintain (at minimum) safe behavior at the beer bust constitute the micro-level problem at Quantum Software. The possible causes of the extant concerns at Quantum Software are the extended working hours and frantic working pace and the diminishing organizational norm of mutual responsibility at the beer busts. Possible ways to improve the organization are: (1) decrease employee stress induced by the overly-demanding work environment (i.e., reduce work hours and/or days of work), (2) provide smaller and more frequent opportunities for “blowing off steam” (e.g., afternoon coffee or one-beer breaks, relaxation...
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...Mirano, Charmaine M. CASE ANALYSIS BSIE V-3 August 8, 2015 GENEROSO PHARMACEUTICALS AND CHEMICALS INC. I. BACKGROUND OF THE CASE Generoso Pharmaceuticals and Chemicals, Inc. was established in 1978 in Generoso residence in Tarlac by David Generoso and his wife Elizabeth Reyes and a business associate, Mr. Rafael Buenaventura. The initial capitalization of the company is P300 with its initial market that composes the doctors, pharmacist, and hospital administrators. As GPC increased the volume of their operations, they moved their operation from Generoso residence in Tarlac to a modest office in Quezon City. In the year 1982, GPC was incorporated. In addition, its total assets increased up to P12M as of 1983 which consisted of a dozen vehicles, a few pieces of real estate in the Central Luzon Region, an office, a modest amount of inventory and cash. The company’s product line started with pressed tablets, capsules, and some syrups. When the American principal does business with the company it leads them to become the leading inventor of raw materials in the country. David, himself was able to recover the mismanagement of the company under Rafael Buenaventura. In 1988, the American principal offered his plans to David of GPC engaging in the contract manufacturing of pharmaceutical products for both domestic and export markets. The proposed project was to compound locally all products that it will manufacture and sell, importing only the active ingredients...
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...By Nicholas Comfort, Donal Griffin and Jeffrey Vögeli (Bloomberg) -- Deutsche Bank AG co-Chief Executive Officer John Cryan is losing market share in businesses he wants to expand, highlighting the risks he faces in scaling back costly debt trading. The German lender lost ground to competitors in the trading of stocks and in advising on mergers and acquisitions in the U.S. and Europe, both businesses that Cryan, 55, has singled out as core to the investment bank. Deutsche Bank’s equity- derivatives unit, which trades contracts tied to shares, fell “significantly” because of “challenging risk management,” the bank said. Cryan, who took over from former investment banker Anshu Jain in July, is seeking to reverse a slump in profitability by closing down parts of the bond-trading empire his predecessor built, shrinking the global footprint and selling a consumer banking business in Germany. Deutsche Bank’s 30 percent decline in fourth-quarter investment banking and trading revenue and first full-year loss since 2008 are adding to investor concerns over the firm’s ability to earn enough money to fund Cryan’s overhaul and boost profitability. “Performances like the fourth quarter do raise serious question marks about the franchise,” said Jonathan Fearon, who helps manage about 300 billion pounds ($429 billion) at Standard Life Plc and who doesn’t own Deutsche Bank shares. “We are definitely now in “show me” mode. That’s obviously going to be the question mark...
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...Computer Simulation: The process of computer simulation is mainly used for the purpose of generating an abstract model of a specific system. The way how system behaves can be shown by this along with few other activities involving constructing, designing and defining a model of a system. Simulation can be defined as mimicking or imitating through experimentation with a model of some real system Importance of Simulation: To lead a day-to-day life, many industries such as Healthcare, Military, Retail, Logistics etc. also makes use of these simulation models for their routine work to be done in an effective way. When these industries face problems they can be solved by acquiring the knowledge of simulation software which can be obtained by the use of analysis and modeling Simulation & Modeling can be used in various areas such as: In call centers- Simulation used in call centers is mainly to assure customer satisfaction. Simulation helps in predicting various calls and analyzing the agents to work on each type of call. Agents are trained in such a way that the waiting time for the incoming call should not be increased and one should respond to it immediately to answer customers queries managing their own time. This way customer satisfaction can be obtained handling numerous calls per day. Therefore simulation helps in call centers to plan and manage the workforce accordingly. In Healthcare- To investigate various diseases and to design new pharmaceutical agents modeling...
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...Key Learnings from OB-2 course (Submitted by Rajat Dhingra, Roll No 26, PGPM-PT April 2014 batch) An organisation consists of individuals and each person has an inherent need to understand it because much of each individual's time is spent working in or around an organisation. Organisation Behaviour plays an important role in the management of business. It is that field of study which finds out the impact that individuals, groups and structure have on behaviour within an organisation and it applies that knowledge to make organisations work more effectively. Organisations are open social systems and have complex structures. Companies use various structures such as- functional, divisional, matrix to achieve the flexibility that they require in terms of goals being met, faster decision making, adjust rapidly to the changing environment and reducing conflicts. There is no one size fits all approach and the structure is decided by various factors such as the environment, resources available, competitive position etc. We have also learnt about the role of business environment in influencing strategy of the company. To what extent strategy depends on the environment and how strategy shapes the structure. We have analysed the McKinsey 7s model which is a tool that analyzes firm’s organisational design by looking at 7 key internal elements: strategy, structure, systems, shared values, style, staff and skills, in order to identify if they are effectively aligned and allow organisation...
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...Analysis of Case Liquid Chemical Company Include a Brief Summary of Case Study ….. Questions and Problems for Consideration 1. Given the two alternatives do the work inside or subcontract it to Packages Ltd? 2. What are the advantages of one alternative over the other? 3. Which action would you favor? 1. Given the two alternatives do the work inside or subcontract it to Packages Ltd.? Two alternatives for Liquid Chemical Company to decide are keeping the container department of its company and signing the contract with Packages, Ltd. With helping Walsh to make an efficient decision, we’ll try to eliminate all sunk costs and costs that don’t differ between alternatives. |Cost of Operating the Container Dept. |Cost of Contract with Packages. Ltd. | | | | |Labor $100,000 |Contract--New $250,000 | |Rent: Plant 90,000 |Contr.--Maint. 75,000 | |Rent: Warehouse 170,000 | | |Other expenses 15,000 | | |Part...
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...Las Vegas: What’s Not Happening in Vegas When you hear someone mention Las Vegas, what comes to mind? Sin City? Wholesome entertainment for the entire family? An indulgent luxury vacation? Or perhaps a value-oriented reward for hard-working Americans? If you answered “all of the above,” you wouldn’t’t necessarily be wrong. The truth: All of these have been characteristics associated with Las Vegas over the years. In recent times, the Las Vegas Convention and Visitors Authority (LVCVA) fielded several national ad campaigns. Tourism is Vegas’s biggest industry, and the LVCVA is charged with maintaining the city’s brand image and keeping visitors coming to one of the world’s most famous cities. Although the positioning of the Vegas brand has changed from time to time, the town will probably never entirely lose the “Sin City” label. That title was born when Las Vegas was young—an anything-goes gambling town full of smoke-filled casinos, bawdy all-girl revues, all-you-can-eat buffets, Elvis impersonators, and nowait weddings on the Vegas Strip. This was the Vegas epitomized by the Rat Pack, when Frank Sinatra, Dean Martin, Sammy Davis Jr., and the rest of the crew appeared nightly on stage to standing room-only crowds at the Sands Hotel. Sinatra was even known for referring to anywhere that wasn’t Las Vegas as “dullsville.” But as the 1990s rolled around, many Las Vegas officials felt that the town needed to broaden its target audience. So they set out to appeal to—of all...
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...------------------------------------------------- Case Analysis Guidelines & Checklist Overview: In many ways writing a short analysis paper (including recommendations and/or conclusions) is like writing an “action memo” or executive memo in business. The following sections go over how to organize and format your written work here in class and in the business world to be attractive to the reader and effective in getting your point across. Approach: * Read the entire case carefully before you actually begin to write the paper, and make careful notes (including your emotional reactions, which can be useful). Try to read the case once at least a few hours or a day earlier, and then again when you are writing the paper. This will give you time to reflect on the issues, and to think out effective recommendations before you actually have to articulate them. * Relate your analysis and recommendations as specifically as possible to concepts of the course as presented by the textbook, cases, materials on the course web site, articles, and the various guest speakers and class discussions This is where you show what you have learned and are able to apply. * Remember that you have to make careful selections of what is most important in a case, and then develop a coherent, logical way (including useful section titles) to present your arguments using the outline below. Although you may use the guidance questions to help call your attention to interesting phenomena...
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...Assignment Questions: 1. What is Amazon’s business and what factors are critical to its success? [list or table] Amazon’s Businesses | Critical Success Factors | Online Retailer | Competitive pricing | | Product | | Error free fulfillment | | Lowest possible operating cost | | Best possible terms from suppliers | | An easy to navigate web site that explits personalization and automated event notification to engage and service the customer | | Best possible terms from suppliers | Back-uo | Error-free fulfillment | | Lowest possible operating cost | | Excellent computer service | | Automatic and information intensive business process | Cloud | A powerful, well organized system/data processing capability | | Cost efficient | | Efficiently and accurately capture, recod, store, process and retrieve data& information involved with the work | Kindle | Competitive pricing | | Environment friendly | | One size fit all | 2. What challenges did Amazon face when it first entered the marketplace? [list] a. .Amazon ‘s early history was facing some financial problems, like startling loses and lots of red ink. b. .Amazon needed to build warehouse, which is really expensive. c. .When Amazon first entered the marketplace, the information systems and processes was brand new. d. .Amazon had some competitor, and it was a challenge. e. .Developing a new method f. . g. add more items as needed….. 3. What information...
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...Case 1 Capital Budgeting Cash Flows Questions 3-5 3.) There are a few option values that we noticed when reading through the ZZolt business plan. The first one being that Doug has equipment that Saira can use in addition to the equipment that she is already purchasing. If Saira doesn’t want it then Doug is going to sell the equipment which has a market value of $3,000 and no book value. Another value option that was in the business plan is the babysitter dilemma. Saira could use her mother as a babysitter for free or she would have to spend $6,000 a year. 4.) One of the biggest aspects of the ZZoltt business plan that could be an ethical trap is Saira’s plan to recommend three contractors to each client. There could be a conflict concerning Saira’s recommendation of contractors and her husband’s contracting business. If her husband is getting a lot more business than any other contractor that she recommends, people will think she is purposely giving her husband business. People might also think that she is giving bad recommendations about other companies just for the sake of her husband’s business. Another piece of ZZolt’s business plan that can be an ethical trap is the requirement of all franchises to be out of the state of Michigan. Saira’s company can make more money than any other franchise because she is the only one that receives the Michigan Energy Incentives. Also, no other state has a rule that limits the number of franchises so all franchisee could face competition...
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...To: File From: Group #8 Re: Case #1-Fred Murphy Executive Summary: Fred is the Executive Director of the Training School Unit of the American Institute for Mental Studies located in Oakland, California. This position is very demanding, and requires Fred to carry out many responsibilities including being available for all his students as 24 hours a day and handling any emergencies that may arise. He is, therefore, required to live on the premises of the Institute in a house furnished by the Institute. Additionally, Fred and his family are given free groceries from the Institute’s commissary. In 2007, the Institute provided Fred and his family with $5,000 in meals/groceries and $1,200 in nonfood items from the Institute’s commissary. Fred did not include these amounts in his taxable income for the year. The IRS audited Fred and determined that the groceries and nonfood items were not “meals.” The IRS, therefore, believes this $6,200 should have been included in Fred’s taxable income. Are groceries then considered equivalent to meals? Based on our research of various authorities, we have concluded that groceries are not equivalent to meals. References | CommentsThe Internal Revenue Code states that meals that can be excluded from taxable income must meet three requirements. These requirements are that the meals must be furnished by the employer, for the convenience of the employer, and on the business premises of the employer. If groceries are considered...
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...buck should present the borrowing and payment activity related to its revolving line of credit as cash flows from financing activity. According to the 2301045, the definition of financing activities is that “ Financing activities include obtaining resources from owners and providing them with a return on, and a return of, their investment; receiving restricted resources that by donor stipulation must be used for longterm purposes; borrowing money and repaying amounts borrowed, or otherwise settling the obligation; and obtaining and paying for other resources obtained from creditors on longterm credit”( FASB Accounting Standard codification, 2301045). As it also mentioned in FASB Accounting Standard Codification 230104514 and 230104515, then, “Proceeds from issuing bonds, mortgages, notes, and from other shortor longterm borrowing” and “payments of dividends or other distributions to owners, including outlays to reacquire the entity's equity instruments” are cash flows for financing activities. Therefore, Buck should present the borrowing and payment activities related to its revolving line of credit as cash flow from financing activities. Part 2 In scenario 1 (net), all the borrowing and payment activities are based on net basis within the financing activities section of its statement of cash flows. As FASB ASC 23010459 indicates “amounts due on demand are considered to have maturities of three months or less.” Here the situation is all draws are considered...
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...INDIVIDUAL CASE PART 1 CASE TITLE: UNION CARBIDE CORPORATION AND BHOPAL Case Summary This case tells the story of poor decisions and lacking competencies of the people working with the Union Carbide pesticide plant in Bhopal, India. On December 3, 1984 there was a chemical leak at the plant that clouded over a nearby town causing thousands upon thousands of deaths and injuries. The chemical was methyl isocyanate (CH3NCO) that was used as a chemical in manufacturing pesticides, when mixed with water this chemical can become lethal. There was an investigation done and it was determined that the leak was an act of sabotage by a disgruntled employee. The Indian government, along with victims of the chemical leak, went after Union Carbide with lawsuits. In 1989 a settlement was reached and Union Carbide paid $470 million to the Indian government that they were to distribute among the victims. 1.a) Issues Identified Improper staffing – After a down turn in the Indian economy, UCIL decreased the amount of training and the MIC unit operated with half the number of workers the design called for. Negligent safety concerns – Union Carbide Corporation only completed two safety audits at the Bhopal plant. The supervisor at the plant had delayed reaction time to the leak. Also, many of the backup safety devises were down for maintenance. Lack of communication – The workers were not completely informed of the gas stored in the tank. Also, the nearby community was not informed of...
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...nDate: February 11/12, 2015 TO: Vice President of Finance CC: CEO, CFO ------------------------------------------------- Subject: Business Process Modeling Recommendations Dear President: I’m the manager of the Spartan Billing Department and I’ve been asked to improve the process efficiency and reduce the cycle time so that bills go out on time. Before I show the result, I would like to introduce the Arena to you and also talk about something called “business process model” to you. The Arena is a preeminent solution for better business decision with simulation. It’s really easy to use, and very strong tool that allows you to create and run experiments on models of your systems. After testing out the ideas in Arena, you can be more confidence for the new business decision. The business process model is graphic description of a process, showing the sequence of process tasks, which is developed for a specific. Those two thing is very important for make a simulation and improve the process efficiency. The IT business analysis group provided a completed Arena model of current billing process in Spartan Billing Department to me and based on my evaluation, I will improve the working duration in order to shorter the wait time and I will also adjust the labor cost and arrival rate in the rest of the Memo. In the case 1, the wait time of Registering AR and Financial and verifying bills are 13.30 minutes and 4.99 minutes respectively. The...
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