...Integrative Problems and Virtual Organization Strategy FIN/370 Integrative Problems and Virtual Organization Strategy The Huffman Trucking Company was founded by K. Huffman in Cleveland, Ohio in 1936 with one tractor-trailer. By 1945 the company grew to 16 tractors and 36 trailers. Some of the most important clients are the U.S. Government, automotive, electronic, and plastic industries. The company has four locations: Cleveland, OH, Los Angeles, CA, St. Louis, MO, Bayonne, NJ (Apollo Group, Inc. 2011). The company grew through the increase of internal sales, and the acquisition of five different carriers from the East. Up until now, this growth has enabled the Huffman Trucking to continue to be privately held. Huffman Trucking now wants to expand operations and is considering three separate options to do so. This paper will compare Huffman’s options to go public, acquire another organization within the same industry, or merge with another organization. Going Public By going public the Huffman trucking company will improve its liquidity, gain more acquisition opportunities, as well as the ability to gain capital at a lower cost ("Going Public Experts", nd). The process of going public is not all beneficial; some of the down sides are the extensive time needed to complete the process. Furthermore, the payments of millions of dollars in fees such as legal, accounting, printing, listing, filing, along with the government fees pay to meet the tough standards regulation...
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...Virtual Organization System Inventory Timothy L Welty BSA310 October 27, 2014 Peng Virtual Organization System Inventory Assignment: Select one of the following Virtual Organizations: * Huffman Trucking Complete the following chart, filling in information for each system used at the Virtual Organization. Add rows to the chart as necessary. Huffman Trucking “Huffman trucking is a national transportation company. The company's 1,400 employees work in its logistical hubs located in Los Angeles, California, St. Louis, Missouri, and Bayonne, New Jersey; its central maintenance facility is in Cleveland, Ohio; and as drivers of its 800 road tractors. The company expects to earn revenues during fiscal year 2004 in excess of $600,000,000 (Virtual Organization, 2014).” System Name | Brief Description | Department to Use the System | Purpose of the System | Connects With | Development Details | Finance & Accounting Systems | Application is licensed on an annual per user basis from a vendor specializing in F & A systems for the transportation industry | Finance and Accounting Systems | General ledgerAccounts PayableAccounts ReceivableCash ManagementBilling/InvoicingCredit/CollectionsCostingProperty ManagementAssetsTaxes | Integrated with the Fleet Maintenance System and the Enterprise Transportation Application | Maintenance costingFuel management and costingWarranty managementMaterials inventory managementFixed assets | System Name | Brief Description | Department...
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...Virtual Organization Strategy Paper Finance for Business/FIN 370 March 18, 2011 Abstract The purpose of this paper is to review a hypothetical organization and outline the options the organization may be faced with when debating the idea of expansion. The organization in question is Huffman Trucking, which is a trucking firm based in Ohio that has established a presence by acquiring five Eastern regional carriers. The company is privately held. The analysis of this organization includes expansion options of an Initial Public Offering, acquiring an organization in the same industry, and merging with another organization. The positive and negative aspects of each option above are reviewed and a conclusion will be drawn as to the next step for that business to take. Virtual Organization Strategy Paper The concept of business expansion offers both promise and peril. The desire of growth for a business must be tempered with the fact of additional uncertainty and risk. Business under normal operating circumstances is perilous. The additional layering of risk in any type of expansion or capital generation cannot only serve to fail in its objective, but also has the possibility to bring the organization to financial ruin. An effective executive must weigh the chance of success with the absolute possibility of failure. Going Public through an IPO An option for Huffman Trucking to consider for expansion of its operations is going public through an initial...
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...Integrative Problems and Virtual Organization Strategy FIN/370 Integrative Problems and Virtual Organization Strategy In this paper, Team C will discuss Huffman Trucking Company and recommend a strategy that is best for this company and what will benefit the company the most. It will discuss the strategies such as undertaking IPOs, merging with other companies and ways to get other companies, as a way to help their company to branch out. Some of the other things that will be discussed are the benefits and risks, the advantages and disadvantages of all the approaches that should be taken into consideration for what is the best way to strategy for the business, the strengths and weaknesses of each approach, and the opportunities that each one has to give. Finally, the last thing discussed is the globalization on financial decisions, factors of the exchange rate risks, and the mitigation of exchange rate risk. The one thing that Huffman Trucking Company has is strength and they can use this if they decide to go public through the IPO. By doing this Huffman Trucking will be able to raise extra capital for the company. This will then increase the liquidity of the stocks and it will increase the revenue to invest or it could extend the business. This will give the Huffman Trucking Company an opportunity to market the company to the public to extend the company’s service. This strength is to be able to limit their competition. Therefore, this will increase the business’s...
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...the website Virtual Organization to figure out what fictional organization I was going to pick, there were so many from business to education, from healthcare to government there were so many choices but I finally came to my decision and the organization that I decided to use to create my Ethical Organization Profile will be Huffman Trucking. In picking Huffman Trucking I found during the research that this would be something that would interest me because my husband to be is off getting his CDL license and the story’s he tells after watching videos on how to operate the truck and knowing what is what and where everything is. See we on the outside world may feel aw it’s so easy to drive those heavy trucks but we don’t realize from the inside out how much it takes to be able to drive an eighteen wheeler or a bus of anything of the sorts. I was told that those trailers on the back of the truck are 4,000 pounds and they are very heavy. So in learning this there is certain spend you are allowed to travel in when driving these trucks or you will tip over. Huffman Trucking was founded by a native named K. Huffman from Cleveland, Ohio in 1936. The company started as a single tractor- trailer but the growth sky rocketed due to the results of World War II which increased the demand for carrier services between factories in the Midwest to ports on the East Coast (virtual organization, 2011). By 1945, everything increased by size such as tractors and trailers. As Huffman Trucking continues...
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...Huffman Trucking Paper University of Phoenix POS/355 Richard Andrews July 17, 2012 Huffman Trucking is a national transportation company with over 1000 employees. The main hub for this company are located in Los Angeles, California, St. Louis, Missouri, and Bayonne, New Jersey. The central facility of this company is located Cleveland, Ohio. Huffman Trucking currently runs the Windows 3.X and 9.X operating system. This operating system does not seem to be standardized between the current Huffman Trucking physical locations. Windows 3.X and 9.X are 16 bit OS that were originally designed for personal computers. Windows 3.X was released in the early 90's while Windows 9.X was released in the second part of that same decade. These OS became popular with companies when their ability to run virtual machines became evident. Windows 3.X and 9.X are out-of-date systems and no longer supported by any system. In November of 2008 Microsoft stopped selling licenses for these OS. These operating systems were commonly adopted by companies due to their complete compatibility with MSDOS applications. They offered extended memory that could attend to more than 640 kb and were praised for the improvements made to hardware support. When these operating systems were released they were considered top of the line and were indeed refined technology. Unfortunately, companies that are still using these OS are putting...
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...Running Heading: Huffman Trucking Operating System ANTHONY MEREDITH HUFFMAN TRUCKING OPERATING SYSTEM CSS/561 January 17, 2011 Introduction Huffman trucking is a national transportation company. The company's 1,400 employees work in its logistical hubs located in Los Angeles, California, St. Louis, Missouri, and Bayonne, New Jersey; its central maintenance facility is in Cleveland, Ohio (University of Phoenix, 2005). Since Huffman Trucking has so many different location their network is often overlooked and their network is a big part in determining if they are going to successful or not. I will be taking a look at their operating system and determining the usefulness of their system. Huffman network consist of many different operating systems. Those operating systems that are utilized at those different facilities are mostly Windows based, with Windows NT, Windows SP, Windows 2000 servers, Microsoft Exchange and IIS. The Missouri office uses a mixture of different operating system, using several different windows base system and the use of Macintosh environment. That office also uses Lotus Notes for email rather than using Microsoft Exchange. The result of so many operating systems is developed over time and is due to the evolution of the company. The evolution of Huffman caused them to expand and add needed systems for the increase in demand for products or new business requirements. The expansion of the overall operating systems is due to necessity, but not necessarily...
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...Virtual Organization Type of Business Key Economic Influences Key Government Influences Key Legal Influences Huffman Trucking Sole Proprietorship Stock levels perform a part in order that organizations don't have to invest money or pay taxes on stock. Huffman Trucking offers the shipment of items to organizations promptly to make sure parts are shipped just in time (JIT). Budget shortfall as well as surplus in the government would impact the demand and supply of Huffman Trucking. Huffman Trucking utilizes the government for a big volume of their organization. Anti monopoly rules allow Huffman Trucking to develop and expand their fleet and then expand from internal sales and the purchase of 5 Eastern regional carriers. Kudler Fine Foods Sole Proprietorship Customer Confidence is the key part of Kudler Fine Foods, so that consumers may have a one stop food store for fine cooking. Payroll Taxes perform a part in how Kudler Fine Foods manages the employees' paychecks as well as payroll. Local regulations and permits allow Kudler Fine Foods to offer lawyers for customer mishaps, taxes, as well as leases. McBride Financial Services Limited Partnership Gross National Product makes it possible of McBride Financial Services to offer cheap mortgage services using state-of-the-art technology in the 5 state areas of Idaho, Montana, Wyoming, North Dakota, and South Dakota Rules perform a major part in McBride Financial services trying to offer VA loans to customers. ...
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...organizational goals. Huffman Trucking is a thriving business that employs a fully functional organizational structure by having different departments that coincide with one another. During this analysis, we will determine the use of lateral collaboration and vertical collaboration within the organization, and prepare an action plan to use lateral and vertical collaboration. We will identify the key stakeholders and their roles needed to achieve the organizational goals, and recommend the collaborative interactions among the key stakeholders to facilitate the organization’s success. Huffman Trucking has been in business since 1936 and launched operations with one tractor-trailer. The operation grew so rapidly that by 1945 after World War II the material haulers grew to 16 tractors and 36 trailers. Today Huffman employs more than 1300 personnel along with maintaining their own equipment that has amped up to 800 tractors and 2100 trailers. Along with maintaining all of their own equipment, Huffman Trucking uses three centrally located hubs within the respective regions. The locations of these hubs are in Los Angeles St. Louis, and Bayonne. Along with these hubs for centralization, the corporate office remains in its original location in Cleveland, Ohio. From day one, K. Huffman had a vision of becoming profitable not only for himself but also for all of his employees and the company’s stakeholders. These ideals and expectations are set in Huffman Trucking’s...
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...Integrative Problems & Virtual Organization Strategy Paper There are mainly three options for expansion when a company is privately held and wants to expand their operation. This paper will discuss three specific options that a privately held company would have if they were to expand. First of those options would be to go public through an IPO or Initial Public Offerings. The second option would be to acquire another organization in the same industry in order to expand the business. The third and final option being to merge with another organization. With all three of these options having strengths and weaknesses, this paper will discuss some of the strengths and weaknesses of each and what opportunities may arise from each approach as well as the threats. Other things that this company may want to consider when looking to expand are the effects of globalization on the company's financial decision as well as the factors that contribute to exchange rate risks. Finally ending the paper with mitigating the exchange rate risk. Going Public through an IPO Taking a business public or better known as participating in an initial public offering is a process where the business is offered to the public by selling stock of the company. In turn, these stocks represent a partial ownership in the company to the individuals that purchase the stock. One common step in deciding whether or not to take a company public it is always best to speak with an IPO consultant to help determine the...
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...Long Term Financial Needs Charles D Hardin FIN/486 John Young Long-Term Financial Needs With the recent changes in today’s economy and the rising needs for the consumers. We at Huffman Trucking would like to take time to address the direction that the company is heading in. Our company is continuing to grow from great logistics and acquisitions. Five eastern regional carriers were acquired by Huffman trucking and this has enabled the company to become more diverse and better serve its clients. Moving forward is our goal to become a more profitable, adaptive company in an intensively competitive logistical services business. Huffman Trucking has put in place some key initiatives that can integrate the new direction we have planned for. A strategic plan that will differentiate from our competitors. As a company we developed these initiatives based upon marketing research regarding our customers needs and growth opportunities, as well as looking at the financial report for the previous year. Huffman Trucking Balance Sheet | | | | December 31st | | 2006 | 2005 | | (In Thousands) | | Assets | Current Assets | | Cash & Cash Equivalents | $51,993 | $38,893 | Accounts Receivable | 56,292 | 57,441 | Prepaid Expenses & Supplies | 3,443 | 3,343 | Total Current Assets | $111,728 | $99,677 | | Carrier Operating Property (at cost) | $73,024 | $70,957 | Less: Allowance for Depreciation | (57,536) | (55,477) | Net Carrier...
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...Huffman Trucking An Ethical Business View Axia College April 18, 2010 Huffman Trucking: An Ethical Business View Introduction Are ethics important in a business? Do managers know how effectively to execute a company code of ethics? These are questions managers must ask themselves when making daily decisions. Huffman Trucking is one such company. This talk will explain who they are and what code of ethics are involved with this company. Also in this dialogue, a code of ethics Huffman Trucking could implement in solving ethical dilemmas will be listed. Huffman Trucking’s business ethics are only as strong as the people who support them, so do these people have the integrity to implement ethical decisions? Huffman Trucking Overview Huffman Trucking was introduced into the business world in 1936 by K. Huffman and was known then as “H. Huffman Trucking.” The company only consisted of one tractor-trailer enlisted to contract hauling in and around Cleveland, Ohio. The company grew to 16 tractors and 36 trailers by 1945 as a direct result of World War II and the need for carrier services between factories in the Midwest to various ports on the East Coast (Axia College, 2010). Since then, the company has acquired five other Eastern regional carriers. With the Motor Carrier Act of 1980 deregulating the trucking industry, Huffman Trucking was enabled to become a national carrier. The company currently has facilities in Cleveland, OH; Los Angeles, CA;...
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...Current Ethical Issues Huffman Trucking is a company that has been serving the country since 1936. Huffman Trucking was a carrier during World War II for the Government from factories in the Midwest to factories on the East Coast. The business that Huffman Trucking acquired during this time was enough to help the trucking company grow. At the end of the war the trucking company was able to retain the relationship with the Government and continue carrying for them. Along with the growth from the Government, Huffman Trucking was also able to grow by acquiring five regional carriers to join their fleet. The moral and ethical issues that a trucking company would face are customer relations, employee relations, product quality, services quality, and equipment maintenance. The customer relations are important for any company. If a company has a good relationship with their customers they are more likely to succeed. The same goes for the employee relations, as long as the employees and the company have a good relationship then the trucks will be taken care of and the customers will be taken care of. The service and product quality of the company is what will set one company apart from the other. With Huffman Trucking their service has to be on time and must go above and beyond what is expected to keep the contracts that they have with the Government and other customers. Maintaining the trucks and equipment is an issue that needs to be addressed with Huffman Trucking. The trucks and equipment...
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...University of Phoenix Material System Inventory Select and complete one of the following assignments: Option 1: Virtual Organization System Inventory Option 2: General IT System Inventory Option 1: Virtual Organization System Inventory Select one of the following Virtual Organizations: • Smith Systems Consulting • Huffman Trucking • Kudler Fine Foods Complete the following chart, filling in information for each system used at that Virtual Organization. Add rows to the chart as necessary. |System Name |Brief Description |Department to Use |Purpose of the System |Connects With |Development Details | | | |the System | | | | |Fleet Truck Maintenance |Relational database and |Fleet Maintenance |The DBMS will house |Drivers, Fleet |Ease of use – This DBMS has a | |Database Management |an information | |all the maintenance |Maintenance, and the|familiar Windows ‘look and | |System |management tool that | |data tables for |entire organization.|feel.’ | | |helps you store | |Huffman’s trucks and | | | |Microsoft |information for | |trailers...
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...Intro: Virtual Organization is the measure for providing practice and functions of work in a corporation. This provides the view and functions of a corporation’s website and the interior sections for employees’ website. This provides students the ability to be aware of the sections of a corporation’s functions with or before the work experience. The education in this provides the viewpoints necessary for organization and maintaining a corporate world. This manual provides the different sections of different work environments for corporations. This is a measure of providing a learning experience. Those that are new to the work concept will learn the basis of the corporation from the Virtual Organization. This is a functional level of experience by a virtual corporation. However, these are not actually correct in the information they provide. They are decided and engineered forms of a corporation’s websites with outer and internal functions. This assists with the education of a company’s work provided by its virtual websites. Towards the ending of the manual are the measures necessary to follow for attaining the Virtual Organization website. The key factors of login, materials, and selection for Virtual organization explained toward the end of the manual with brief pictures for view. The last paragraphs of the manual will provide a conclusion of the functions and guidance for the student’s future use of the Virtual Organization website. ...
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