...Science Technology Company -1985 ------------------- Model Answer: Science And Technology Co. Case Bill Watson as President of Science Technology Company (STC) should ask the Chief Financial Officer, Harry Finson, to fine tune and rehash the 5 year financing plan Harry prepared. This is to address the following issues and concerns: A. Projected thirty percent (30%) increase in annual sales Historically in a strong ATE market, STC was able to increase its sales on a compound annual growth rate of 12% only. In 1983, the company posted its highest sales increased thus far (20%). Preceding year (1984) however was below average at 10%. Industry wise, sales forecast is better and is expected to grow by 26% in the next four years. The 30% increase in annual sales projection prepared by the company’s division managers and Harry therefore is over stretched and very optimistic. A financial plan anchored on this simple projection without any detailed basis would be very risky for STC. It is suggested that projected sales growth is somewhere between historically what STC had achieved to industry growth forecast i.e. 12+ to 26%. B. Competition and the Industry While STC is optimistic about the long term prospects for the ATE industry, competition was intensifying over the past years. Citing VLSI test market as an example, in 1977 when STC decided to enter this new field, there were only two firms competing in the market with a combined 80% market share. STC spent...
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...accomplish, and Shepherd went on to hit his golf ball on the moon. Today, the average computer sitting on the desk of a suburban home office has more computing power than the entire U.S. space program that put humans on another world (Rheingold, 2000, p. 4). Computer science has affected the human condition in many radical ways. Throughout its history, its developers have striven to make calculation and computation easier, as well as to offer new means by which the other sciences can be advanced. Modern massively-paralleled super computers help scientists with previously unfeasible problems such as fluid dynamics, complex function convergence, finite element analysis and real time weather dynamics. Likewise, our daily lives are increasingly affected by computers, not only alleviating us from menial tasks but making it possible for us to accomplish more (Rheingold, 2000, p. 7). The personal computer (PC) has revolutionized business and personal activities and even the way people talk and think; however, its development has been less of a revolution than an evolution and convergence of three critical elements thought, hardware, and software. The Development of Computers Throughout the history of science, many new areas of activity and knowledge have developed and branched out into distinct flows of human thought....
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...COMPANY BACKGROUND: Science Technology Company was a leading manufacturer of computer-controlled automated test equipment (ATE) that was used to monitor and manage quality over the life cycle of electronic products. STC enjoys 31% market share : No.1 in the design and manufacture of testers and test software for printed circuit boards; No. 2 in semiconductors test and operation Other products include a system to test electronic products in the field; cads , models and simulations. STC is located in Minneaapolis, Minnesota with sales, service, network , offices and representatives across the US , North and South America, Europe, Africa, Asia and Australia. PROBLEM STATEMENT Was the company well-positioned to finance the rapid sales growth that was anticipated? WHERE IS STC NOW? The growth of the worldwide ATE market was tremendous between 1978 and 1984. The rapid growth of 28% per year was spurred by the rapid growth of electronic products, powered in part by technological breakthroughs in computers and miniaturization. GOAL OF THE COMPANY To be the recognized international leader in providing integrated quality management systems to manufacturers of electronic devices and equipment. SWOT ANALYSIS: Strengths • Extensive software • Right products and reliability • Excellent credit rating • Dominant share of the printed circuit board test market Weakness • Forecasting problem • Losing in competition ...
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...innovation process in the course of the years and the importance of SMEs for the same is made. Turn reference to the relevance of the innovation process presented in the marketing strategy of companies to succeed in an increasingly dynamic, demanding and competitive market is. The article also different classifications of innovation are explained according to their degree of implementation, degree origin effect of innovation and its origin, as well as generations or models that have characterized the process of innovation over time. Key words: Innovation, Marketing, Management INTRODUCTION. In an era of globalization and high competitiveness of products, as it is in the changing world of marketing you need to be alert to the demands and expectations of the market, it is vitally important innovation factor. Competitiveness and the need to innovate to continue and grow in the current and future market are concepts used daily in many institutions. The marketing of innovation is a novel approach to technology management to solve the problem of linking research, technological development and the world of new business efficiently. Innovation and marketing are, in competitive markets today, two fundamental tools for business differentiation. Two tools capable of supporting a company as a market leader. The work has the overall aim to deepen the theoretical foundations of the innovation process. The specific objectives were outlined as follows: 1. Mention different concepts...
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...Science Technology Company 1985 President: Bill Watson CFO: Harry Finson Questions: 1. Are the 5-year forecasts useful, given uneven growth in sales, inventories and receivables, and earnings in the past? 2. What will be the impact of a resurgence of inflation, fueled by massive budget deficits, on STC? 3. Can the company finance the rapid sales growth that is anticipated? STC • Leading manufacturer of automated test equipment (ATE) • 31% market share on testers for printed circuit boards • Second largest in semiconductor test operation • Objective: To be the recognized international leader in providing integrated quality management systems to manufacturers of electronic devices and equipment. • Strategies: o Heavy spending on research and development o Spread cost of R&D across a large number of sales o Aggressively pursue major segments of semiconductor and electronics manufacturing industries in Europe, N. America, and the Pacific Factors that Increased Market Demand for ATE • Swift and dramatic technological breakthroughs (from 1975-1984) • High competition that required speed to move a design into manufacturing at low costs, which increased the demand for ATEs • Steady increase in labor rates that pushed electronics manufacturers to automate testing • In-house testing capacity made obsolete due to the increase in number and complexity of semiconductor components • Dramatic improvement in the testing technology and changes in test devices ...
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... Information edge and 3rd millennium predisposed so many of revolutions. Business organization with emphasize on information systems is try to gathering desirable information for decision making. Because of comprehensive change in business background and emerge of computers and internet, the business structure and needed information had change, the competitiveness as a major factor for life of organizations in information edge is preyed of information technology challenges. In this article we have reviewed in the literature of information systems and discussed the concepts of information system as a strategic tool. Keywords: Strategic information systems, Information technology, Information sciences, Decision support systems, Competitive advantages 1. Introduction The potential usefulness of different kinds of Information System (IS) for environmental management is well recognized (Díez et al, 2009). Perhaps we can say advances in information provision have led organizations to attempt to develop IS or information technology (IT) strategies which interrelate with their business strategies and which together support corporate missions (Rogerson et al, 1994). The three general types of IS that are developed and in general use are financial systems, operational systems, and strategic systems. Well-directed financial systems and...
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...spun off from Hewlett-Packard Company in 1999 as part of a corporate realignment that created two separate companies. We broke records on November 18, 1999, as the largest initial public offering (IPO) in Silicon Valley history. Agilent’s roots date back to 1939, when Bill Hewlett and Dave Packard started the company that helped shape Silicon Valley and the technology industry. The two founders are renowned for their visionary approach to management and for their commitment to making products that contribute to advances in science and technology. Agilent Technologies started in Malaysia in 1972 as HP back then. All in all, with more than 39 years of experience in Malaysia, Agilent Malaysia has grown from manufacturing site to having facilities for sales & marketing, worldwide supply chain, customer support and Research and Development. Agilent Technologies is a multinational company. Agilent is listed on Ney York Stock Exchage (NYSE) where as Agilent Malaysia is not listed on Bursa Malaysia. Agilent Technologies Malaysia operates a large manufacturing site in Penang, known as Malaysia’s “Silicon Valley of the East.” In addition to manufacturing, the site’s responsibilities encompass business unit management, R&D and worldwide supply chain management. Agilent Malaysia has sales offices in both Penang and Petaling Jaya, which serve Agilent customers with a broad range of products and solutions in Communications, Electronics, Life Sciences and Chemical Analysis. Visions...
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...Science Technology Company - 1985 Advanced Financial Management Professor Clayton June 9, 2005 Chirayu Patel Dave Chen Ian Hoffman Tim Boyd Bill Watson of Science Technology Company (STC) should not discuss the current 5-year financing plan prepared by Harry Finson, the chief financial officer, at the forthcoming board meeting. The industry that STC is in has short product life cycle, rapid technology obsolescence and fast growth with increasing competition. In fact, STC's strategy to survive the competition is to maintain leadership in ATE segment and to further compete in the large scale integrated (VLSI) circuits segment by chasing market share and spreading high R&D cost over large sales. However, the large sales growth seems to be more difficult to obtain with the newly added competition. The industry that STC is in has short product life cycle, rapid technology obsolescence, and fast growth. STC's strategy will beat the competition by maintaining leadership in ATE segment and competing in the large scale integrated (VLSI) circuits segment by chasing market share and spreading high R&D cost over large sales volume. The growth of ATE segment is largely fueled by the growth of electronic products, but this success can be segment dependent. Although the ATE segment with 28% annual growth is exceptional, the success in the ATE segment cannot infer the same success in the VLSI segment. Despite the aid of ATE segment growth, the historical sales growth would still be approximately...
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... Information edge and 3rd millennium predisposed so many of revolutions. Business organization with emphasize on information systems is try to gathering desirable information for decision making. Because of comprehensive change in business background and emerge of computers and internet, the business structure and needed information had change, the competitiveness as a major factor for life of organizations in information edge is preyed of information technology challenges. In this article we have reviewed in the literature of information systems and discussed the concepts of information system as a strategic tool. Keywords: Strategic information systems, Information technology, Information sciences, Decision support systems, Competitive advantages 1. Introduction The potential usefulness of different kinds of Information System (IS) for environmental management is well recognized (Díez et al, 2009). Perhaps we can say advances in information provision have led organizations to attempt to develop IS or information technology (IT) strategies which interrelate with their business strategies and which together support corporate missions (Rogerson et al, 1994). The three general types of IS that are developed and in general use are financial systems, operational systems, and strategic systems. Well-directed financial systems and...
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...Science Technology Company Financial Projections, 1985 – 1989 Criticisms 1. No benchmark. 2. The markets to be exploited are not specified. 3. The 30% annual growth rate projection is unrealistic. First, the average growth per year of STC, as shown by the table below, is only 12% — a far cry from the 30% annual growth rate projection. Second, the division managers or STC did not provide which product lines will produce the estimated increase. Growth Percentage (per year) |Year |Percentage | |1980 - 1981 |7% | |1981 – 1982 |11% | |1982 – 1983 |20% | |1983 – 1984 |10% | |Average growth = 12% | 4. The estimated net profit from $23 million to $61 million is unfeasible. First, the increase between $23 million...
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...Franko Modigliani was born in 1918 in Rome. He spent his childhood in Italy and finished Rome University with the degree of Doctor of Laws, in the same year he left Italy because of his Jewish origins and Antifascistic views. Firstly, he moved to France with his wives family and then moved to USA. He was an instructor of economics and statistics At Columbia University and Bard College from 1942 to 1944. In 1944 he also got degree of Doctor of social sciences at New School for Social Research. He defended his thesis for Doctor degree on the topic of “Liquidity Preference and the Theory of Interest and Money”, and was teaching there for a three years. This work was the first publication of Modigliani in English and, in his opinion, it was one of his main achievements. In 1946, he became a naturalized citizen of United states of America. After 1948 he joined University of Illinois, then Carnegie University (1950-1960), and North-Eastern University (1960-1962) afterwards. Since 1962, as a professor of Massachusetts Institute of Technology, he continued he continued his researches in the field of Macroeconomics that he started before, especially Theory of Cash cylces. During these years, he begins study international financial and billing systems, consequences and methods of fighting with inflation, stabilization policy in open economies. Most widely known works of Modigliani was his works in various areas of finance. 1) Personal Finance Paul Samuelson once said: "Franco Modigliani...
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...Analyzing Due Process in the Workplace ELIHU M. GERSON AND SUSAN LEIGH STAR Tremont Research Institute Every office is an open system, and the products of office work are the result of decentralized negotiations. Changing patterns of task organization and alliance inevitably give rise to inconsistent knowledge bases and procedures. This implies that there are no globally correct answers to problems addressed by OIL%. Rather, systems must deal with multiple competing, possibly irreconcilable, solutions. Articulating alternative solutions is the problem of due process. This problem and its consequences are illustrated by a case study of a rate-setting group in a large health insurance firm. There is no formal solution to the problem of due process. But it must be solved in practice if distributed intelligent 01% are to be developed. We propose an alternative approach based on the work of social scientists concerned with analyzing analogous problems in human organization. Solution of the due process problem hinges on developing local closures to the problem faced by an organization. This means analyzing (a) local, tacit knowledge and its transfer ability; (b) articulation work, that is, reconciling incommensurate assumptions and procedures. Categories and Subject Descriptors: H.l.l [Models and Principles]: Systems and Information Theory; 1.2.0 [Artificial Intelligence]: General; 1.2.4 [Artificial Intelligence]: Knowledge Rep- resentation Formalisms...
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...RAM RAMESH Office: Residence: Department of Management Science & Systems 82 Prestonwood Lane School of Management, SUNY at Buffalo East Amherst, NY 14051 Buffalo, New York 14260 Ph: (716) 688-6360 Ph: (716) 645-3258 Fax: (716)645-6117 E-Mail: rramesh@acsu.buffalo.edu Web: http://mgt.buffalo.edu/faculty/academic/systems/faculty/rramesh Education Ph.D. Industrial Engineering (Operations Research) (1985) State University of New York at Buffalo (GPA: 4.0. Awarded Ph.D with Distinction) Advisors: Mark H. Karwan and Stanley Zionts M.Tech. Industrial Engineering (1977) Indian Institute of Technology, Madras B.Tech. Chemical Engineering (1975) Indian Institute of Technology, Madras Research Streams • • • • Economics of IT – MSP and Cloud Computing Markets Conceptual Modeling and Ontologies Database Systems and Distributed Computing Supply Chains & Decision Analysis Employment Professor Department of Management Science & Systems School of Management State University of New York at Buffalo (September 1998 - ) Associate Professor Department of Management Science & Systems State University of New York at Buffalo (September, 1990 – September 1998) Assistant Professor Department of Management Science & Systems State University of New York at Buffalo (September, 1984 - September, 1990) 1 Research and Teaching Assistant Doctoral Program in Operations Research Department of Industrial Engineering State University of New York at Buffalo (January, 1981 - September, 1984) Entrepreneur...
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...practical philosophy which deals with how computing professionals should make decisions regarding professional and social conduct. The term "computer ethics" was first coined by Walter Maner in the mid-1970s, but only since the 1990s has it started being integrated into professional development programs in academic settings. The conceptual foundations of computer ethics are investigated by information ethics, a branch of philosophical ethics established by Luciano Floridi. Computer ethics is a very important topic in computer applications. The importance of computer ethics increased through the 1990s. With the growth of the Internet, privacy issues as well as concerns regarding computing technologies such as spyware and web browser cookies have called into question ethical behavior in technology. Identifying issues Identifying ethical issues as they arise, as well as defining how to deal with them, has traditionally been problematic in computer ethics. Some have argued against the idea of computer ethics as a whole. However, Collins and Miller proposed a method of identifying issues in computer ethics in their Paramedic Ethics model. The model is a data-centered view of judging ethical issues, involving the gathering, analysis, negotiation, and judging of data about the issue. In solving problems relating to ethical issues, Davis proposed a unique problem-solving method. In Davis's model, the ethical problem is stated, facts are checked, and a list of options is generated by...
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...Jaws (1975) or looked at the marvels of this world and beyond with childlike wonder in Close Encounters of the Third Kind (1977) and ET (1982). Other highlights of his career include the literary adaptations, The Color Purple (1985) and Empire of the Sun (1987), adventure films Raiders of the Lost Ark (1981) and Indiana Jones and the Temple of Doom (1984), featuring the adventures of his daredevil hero, Indiana Jones. He tackled fantasy in versions of Peter Pan, Hook (1991), Jurassic Park (1993), and its sequel The Lost World: Jurassic Park (1997) ("Biography.com", 2014). Spielberg’s Jewish upbringing and his lifelong interest in WW II has made for some impressive historical films such as the Holocaust drama Schindler's List (1993) about a businessman who helps save Jews from the Nazis. The highly praised film won seven Academy Awards, including Spielberg’s first win as Best Director. In 1998 his classic film of World War II as seen through the perspective of American soldiers in Europe, Saving Private Ryan (1998), earned him another Academy Award for Best Director. Other successful films, most notably Back to the Future (1985) and its two sequels, and Who Framed Roger Rabbit (1988), were produced by Amblin Entertainment, his first film company which was founded in 1982 ("Biography.com", 2014). He was born in Cincinnati, Ohio in 1946 to Jewish parents and raised within the tradition, affecting his later films. His mother Leah studied at the Cincinnati Conservatory...
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