...The Effects of Uninsured Driving on Motor Insurance Business Abstract Driving a motor vehicle without insurance cover is an offence that has an effect on motor insurance business. Despite the fact that Malta is, like other countries, affected by the issue of uninsured driving accidents, data on the subject is very limited. As a result, the effects of uninsured driving on insurance business and society are not fully known or understood. Likewise, the views of those concerned with the problem are not toally clear. This research study goes a long way to identify the effects of uninsured driving on the motor insurance industry. Local and European legislation concerning uninsured driving, together with primary data collection through questionnaires provide an enhanced understanding of uninsured driving from a local viewpoint. The incidence of uninsured driving in Malta appears to be increasing the burden of the costs is being incurred by honest policyholders and by insurance companies. The findings suggest that the public is not sufficiently aware of the consequences of driving without insurance and the local insurance industry does not have adequate measures to calculate the incidence rate of uninsured driving. In spite of the fact that it appears that the victims of uninsured driving are being well-served by the current compensation system, improvements can be implemented, especially with regards to how the system is funded. love and faith in me. Special...
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...General Motors Sample Case Study Next Generation C hevrolet Instructions You have 1 hour and 30 minutes to complete the case below, which involves building an Excel model and preparing a written memo. You will walk through your analysis as part of the interview process. The GM team will ensure your case material makes its way to the proper interview room. By the end of the allotted time, you should: Write a memo in Word no longer than one page outlining your analysis of the case problem and your recommendation Be prepared to walk your interviewers through your Excel model and present your recommendation (you can use either the Excel or the Word document as back up for your discussion; no need to prepare a Powerpoint presentation).The discussion of the case with Q &A will take approxi mately 30 minutes. Type your name in top left corner of both the E xcel and Word document Save the E xcel and Word document on your desktop with the following name: C ase Background It is January 2010 and General Motors is considering the development of the next generation full-size family sedan. ,a Full-size sedans are a mainstay in the American market. According to the US government classification, a fullAdoption of the term necessitated by an increasingly larger variability of car sizes and body styles. Full-size sedan segment size fluctuated significantly over the last 50 years. sales negatively, and so did the introduction of many other family, such...
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...Case Study – Chapter 12 Read case study of Wolf Motors on page 439 and answer three questions at the end of the case (at least 50 words each). 1. What recommendations would you make to John Wolf with respect to structuring the supplier relationship process for the Wolf Motors dealership network? Wolf Motors should consider a centralized inventory management system. A centralized system will help to consolidate ordering, purchasing, and buying decisions for each of the four dealerships. This will allow Wolf Motors greater leverage with suppliers and will allow for better quality control. In addition, Wolf Motors could negotiate with their suppliers for better pricing through higher volume ordering and purchasing. This will allow Wolf Motors to achieve economies of scale. In addition, Wolf Motors should consider an automated electronic data interchange (EDI) inventory management system. An EDI system will allow the dealerships to be connected to one another (share inventory information) as well as to suppliers. The EDI system would alert Wolf Motors and suppliers when critical inventory levels are reached. Also, inventory pooling between the four dealerships may eliminate the need for safety stock at all four locations as well as the need for overstock. Parts can be moved between the dealerships. Finally, a vendor-managed inventory (VMI) system should also be considered. With a VMI, the supplier is responsible for maintaining the inventory level required by the customer...
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...Amy Bruney Marketing Ethics I. Introduction II. Literature Review III. Recommendations & Implications for Marketing Managers IV. Conclusion V. Sources INTRODUCTION “For seven years the Ford Motor Company sold cars in which it knew hundreds of people would needlessly burn to death.” Mark Dowie, Author of Pinto Madness (8) One of the biggest automotive news stories in the latter part of the 1970’s dealt with tales of exploding Ford Pintos and the considerable awards civil court juries were presenting to victims of accidents involving the cars. Ford produced the Pinto automobile from 1971 to 1980. Initially the car sold well, but a defect in the early models made Pintos prone to leaking fuel and catching on fire after relatively low-speed, rear-end collisions. The Pinto’s gas tank was located behind the rear axle. A rear-end collision of about 28 miles per hour or more would crush the car’s rear end, causing the tank to split and the filling pipe to break loose. It had been proven that spilled fuel and sparks from the crash caused fires that produced fatalities or serious burns. Was Ford aware of the potential problems in the framework of the Pinto? Was there an easy, inexpensive way to fix these problems? Was the Pinto fire controversy a lot of hype, or had Ford truly discounted human lives in order to save a few dollars? If Ford management really placed marketing considerations above safety, was that objective ethical...
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...Running head: FORD PINTO CASE STUDY PAPER Ford Pinto Case Study Paper Learning Team B University of Phoenix MGT /216 Organizational Ethics and Social Responsibility SB09BSB10 Leatricia Cash June 2, 2010 The ethical issues surrounding Ford Motors in regard to the company’s production and release of the Ford Pinto brought the integrity of the organization into question by internal and external shareholders in the 1970s (Engineering.com, n.d.). Understanding the various ethical dilemmas faced by personnel who helped with the design and build of the Pinto provides clarification as to why the organization’s reputation as a quality supplier of automobiles was put into question by consumers. Analyzing the Ford Pinto Case Study, the following information will contain an outside viewpoint in regard to the Ford Pinto case that will illustrate viewpoints on the issue based off personal perspective. A recommendation on dealing with the issues Ford Motors faced with the Pinto are provided to illustrate the ethical approach Ford could have used during the production phase and after the vehicle entered the consumer market. The recommendation will be backed by examples of external and internal social pressures that have influenced the decision to recall the Ford Pinto. In addition, the evaluation of this case during 1971 and in current day is illustrated in the readings to compare and contrast the situation based on the...
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...quality management (TQM); this will allow Riordan to remain focused and efficient in areas of opportunity, and to excel in all aspects of the electric fans that are important to customers. The team’s recommendation is to use quality at the source that will address the following scenarios: proper training for employees, holding employees accountable, and incentives to help motivate employees. TQM will also be implemented within the supply chain including suppliers and transportation; this will decrease costs and improve on-time delivery to customers, which will increase sales. With the new process transitioning to the just-in-time (JIT) method, the technology portion of the organization will need to be upgraded to a system that monitors from the point of order to the point of delivery. The company will transition from a basic material requirements plan (MRP) to an MRPII system that will allow Riordan to excel in efficiency, lean production, and cost effectiveness. Applying lean production principles will aid in removing waste, reducing inventory, maximizing process flow, and meeting customer expectations. Communication is key for the organization; this will allow management to empower the employees with a company-wide initiative of continuous improvement. The recommendation is to use make-to-order for standard and custom orders to excel in the customer service arena that will not only retain current...
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...Purchasing department’s responsibilities, consolidate and develop suppliers that deliver finished high level components and increase the information flow across all points of the supply chain. These steps will help to introduce a more pull-based system. Contents Issue identification 1 Environmental and root cause analysis 2 Alternatives/Options 3 Recommendations 4 Implementation 5 Monitor & Control 6 Issue identification • Current order to delivery (OTD) is more than 60 days. • Management of large supplier network. • Utilization of IT is lacking. • Purchasing isn’t integrated into Product development. • Independent dealership network has resulted in FORDs loss of control over customer service experiences. This network also breeds FORD vs. FORD sales battles not a Global entity mindset. Environmental and root cause analysis FORDs existing supplier base is a direct product of historical business practice. As the company has grown and demand has increased they have just increased the supplier base. Historically suppliers had been selected based on part/component price within little to no regard to...
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...achieve success. It is no less of spectacle to attribute strategy to individual achievement, achievement from a company, a country or at the very least a non – financial institute to achieve strategic success. Ford Motor Company has in recent times lost its market share to emerging Asian companies such as Honda, Toyota, Hyundai and Nissan. As a new landscape of economic might surfaces, new car stereotypes are emerging. Finding a place in these segments is proving difficult for Ford Motors and hence need to change its strategies. Hyper-competition combined with tough economic times has pushed Ford to the edge of insolvency. This paper examines the issues that plague the company while using published models to make analysis on how and why the problems occur to better understand their potential impact on the company’s sustainable competitive advantage. Recommendations will seek to give strategic solutions to address the issues identified earlier. This research isn’t structured upon models to identify, analyze and solve issues but rather looks at the core of the problems within Ford Motors and provides models to analyze and solve the issues. TABLE OF CONTENTS Contents INTRODUCTION 1 SECTION 1: STRATEGIC ISSUES AT FORD 2 Underlying Issues at Ford Motor 2 1. Financial 3 2. Competition 4 SECTION 2: STRATEGIC MODELS AND FRAMEWORK SUITABLE FOR ISSUES IDENTIFIED 6 2.1. Competitor Analysis 6 2.1.1 Porter’s 5 Forces Analysis 7 2.1.2 SWOT ANALYSIS 11 2.2 Financial...
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..._____________________________________________________________________ BE200 TMA01 Summer 2013 - Cut-off date: Please read these instructions carefully. However, contact your tutor in case of any difficulties with the instructions. You should submit your completed assignment to your tutor to arrive no later than the cut-off Date Please use standard A4 size paper for your TMAs. Your name, personal identifier, course and assignment numbers must appear at the top of each sheet. Please leave wide margins and space at the end of each sheet for tutor comments. It is better to use double spacing so that you can easily handwrite corrections to your drafts and tutors have space to help and support you with your points as you make them. Start each question in the assignment on a new page. Completing and sending your assignments When you have completed each of your TMAs, fill in an assignment form (PT3), taking care to enter correctly your personal identifier course and assignment numbers. Each TMA and its PT3 form should be sent to your tutor with your name, address and personal identifier written on the back of the envelope. Keep a copy of your TMA for security. The copy that is eventually returned to you after the assessment process will have comments written on it. All assignments are treated in strict confidence. It is very important that you ensure that your tutor receives each assignment by the cut-off date given. If you feel that you are unable to meet the cut-off...
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...Problems within the operation and accounting techniques of the Waltham Motors Division of the Marco Corporation were discovered by newly assigned, division-level management following the acquisition of the company and the loss of a contract. This text summarizes some of the issues found within the company operations and explains the importance of effective cost management by exploiting the company’s current accounting system’s strengths and weaknesses. Additionally, this text highlights available strategies management should deploy in an attempt to solve the company’s current issues, as well as, provides detailed recommendations to senior-level management on the use of sound managerial accounting concepts and analyses to improve the current accounting system. If followed, these recommendations will empower Waltham Motors to maximize profits, as well as, improve efficiency and effectiveness within the company’s operation. Keywords: Waltham, Motors, Marco, accounting, managerial Waltham Motors Waltham Motors manufactured electric motors and supplied those motors to household appliance manufacturers. The company started as a family-owned business but was acquired by Marco Corporation in 2003 (Bruns, 2004). After the acquisition, Marco Corporation decided to allow Waltham Motors to operate as a subsidiary, or independent division, of the company in order to observe the existing operation. Monthly, operational results, analysis and narrative reporting...
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...much material to order for making a product, to determining how much capacity is needed to provide a good level of service, to evaluating which technology will best meet a company's needs. In short, this course focuses primarily on developing and applying tools and techniques to ensure that the right products and resources are at the right place at the right time so as to maximize profit within a business process or supply chain. The “products” could be either goods, services, or both; and the “resources” could be either material, people, money, information, or any combination of the four. In the first part of this course, we will focus on process design and improvement issues by studying the relationships between key process parameters such as capacity and throughput, and by analyzing processes in order to identify and eliminate bottlenecks. And, in the second part of the course, we will focus on process coordination issues by studying methods for the efficient planning and controlling of critical resources. Specific objectives are: To describe an operating system or a business process and how it can be used as a competitive weapon in a variety of manufacturing and service organizations....
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...Abivo Goursam Elvis Dominguez yanjianhai ACC505-Managerial Accounting General Motors Financial Project Tammy Straus, CPA April, 2010 Keller Graduate School of Management. Introduction The objective of the project is to collect and analyze financial information of the main divisions of General Motors Company in order to provide accurate and useful information to the management in their effort to assess a long-run financial viability of the divisions and serve as basis to arrive at a conclusion whether a division should be dropped or retained. Our group related the General Motors Company decision based on the outcome of our research like the one in problem # 13-20 Pg 614 which is about whether or not a Jackson County Senior Services should drop or retain the housekeeping program that provides weekly maintenance services to seniors. The project is divided into the following sections in order to help in the decision making process for deciding which segment or production line has to be dropped, retained or needs improvements. PROBLEM STATEMENT The dilemma that GM face is whether the company should drop or retain a division that does not provide value to the firm because it is not meeting the projected the financial goals set by the management. The objective of the restructuration program is designed to give General Motors Company the competitive edge over companies like Ford, Toyota, Nissan, and many others in the automobile industry. There are three major...
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...Executive Summary: Ford Motor Company was incorporated in 1903 in Michigan,USA by Henry Ford and 11 partners with a starting capital of 28000 US $ in cash. The company witnessed tremendous growth and became one of the top three car manufacturers in North America. Sales reached 150 billion $ in 1996 with a total of 370,000 work force worldwide. The company stayed innovative and progressive in its strategy and business model. In the 1970's, the car market became more competitive with the Japanese manufacturers like Toyota and Honda gaining grounds in the auto market worldwide by producing high quality vehicles with extended life time. In 1999 Ford acquired the Swedish company Volvo to establish a foot hold in Europe and launched a campaign called "Ford 2000"to reengineer the company infrastructure and IT strategy that aimed at reducing their vehicle centers to 5 worldwide and requiring information technology to be the driving force and the link between the various company divisions. In doing so, Ford was trying to build a model similar to the one adopted by Dell computers to improve supply chain and delivery times. Dell launched the "direct business model" or "virtual integration" where Dell contracted with reliable suppliers to produce and assemble hardware and software for its computers and note books and tried to sell its products directly to organizations and individuals through the internet by cancelling the role of the retailers or intermediaries. I recommend the implementation...
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...Ford Motor Company. Unionization within the Ford Motor Company is existent in part because of the company’s size. The purpose of this article is to provide background on the Ford Motor Company, identify legal issues and obstacles, discuss laws that may be broken in regards to legal issues and obstacles, provide litigation recommendations, outline the benefits of unionization, define the unionization process, and discuss union bargaining and its effects. Ford Motor Company: Background The Ford Motor Company is an automobile manufacturer responsible for the production of cars, trucks, sports utility vehicles (SUVs), commercial trucks, and auto parts. The company was found by Henry Ford in 1903 and is well-known as one of the largest automobile manufacturers. Another level of responsibility the Ford Motor Company has taken on is vehicle financing. The Ford Motor Company operations are extensive with branches in North America, South America, Africa, Europe, Middle East, and Asia Pacific (Ford, 2012). The company operates numerous plants worldwide and employees thousands of employees some of which are United Autoworkers (UAW). Legal Issues, Obstacles, & Broken Laws The Ford Motor Company is one of three automobile manufacturers whom are a part of a union known as the United Autoworkers (UAW). With the downturn of the United States economy, the Ford Motor Company along with its competitors experienced record losses. The UAW began negotiations in 2007 with the Ford Motor Company...
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...GenMax-Aero Motors As the Director of Business Development at Aero Motors, I have evaluated each of the two possible options to introducing GenMax’s subsidiary, Aero Motors to the North American Market. The first option is the go-it-alone strategy in which we will attempt to penetrate the market with our own brand. The second option is to partner with a local company which will minimize the risk and enable Aero Motors to leverage the partner’s infrastructure and favorable brand image. After much consideration, it is evident that there are advantages and disadvantages to each alternative. Below I have delineated each option based on the risks and rewards and as it relates to effective use of our brand followed my recommendations. Go-It-Alone: Risk and Reward This strategy can bring a lot of reward if the project is a success, because GenMax will be able to capture all the profits and other possible benefits such as newly earned brand recognition. Additionally, GenMax will be able to take advantage of the two years before the competitors can utilize the new technology allowing for greater profitability. Lastly, by utilizing a go-it-alone strategy, Aero Motors will enjoy the autonomy to make decisions without having to wait for the partner to agree or compromise. While those rewards appear to be favorable, there are also risks that should be considered. In utilizing the go-it-alone strategy one must take into account the limited or even non-existent brand perception...
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