...to blame Ford and its consumers for the tires defects. INTRODUCTION In 1906, Henry Ford purchased 8,000 tires from Harvey Firestone, who began producing tires at a small factory in Akron, Ohio in 1900. The sale initiated a long, growing relationship between two eventual leaders in their respective industries. In a matter of just a few short months in 2000, a very robust business-to-business relationship, 100 years in the making, had been destroyed by a lack of communication, poor quality management, and the disregard of consumer concern were the rules surrounding ethics used in the ethical decision made from Ford or Firestone? How did the recall affect how everyone viewed and interpreted the entire tire manufactures? These are just a few of the questions we will discuss throughout this paper. Webster Online defines ethics as the discipline dealing with what is good and bad and with moral duty and what really stands out is the idea how one company talks about it being the other company sole responsibility. Was Ford recommending a tire application that was unsafe for consumers, and their families? Was tread separation a common problem for all tire manufacturers, or could it just have been Firestones tires that had the problem? Did the government fulfill their responsibility to protect the consumer? (McNamara). During the 1970s, the...
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...Business Analysis MGT/521 8-04-2011 John T. Opincar Abstract In this paper, an overall business analysis of Apple, Inc. will describe in detail including the review of recent economic trends influencing Apple, along with the strategies the company could and were adapting to with the changing of the markets and recession. Along with informative information about the tactics Apple may have implemented or could potential implement to achieve their strategic goals. Within this paper it opened elements of the role of human resource management and the roles they played to helping the company achieve its business goals for the present and future. Business Analysis Apple, Inc. continues to strive to be the best company in the industry of technology. Continuing to improve year by year in growth and products, Apple revenue has grown by 82% year by year. Apple continues to compete across the board in several highly competitive markets, and article from CNN states “ranging from personal computer industry, the consumer electronics industry with products such as the iPhone, iPads, iPods and Mac and as well as digital music distribution through its iTunes Music store.” (Griggs, 2011, p.1) Apple’s strategic initiatives are to reconnect their employees into developing new products, services, and markets. The iPhone combines a mobile phone in a desktop category, providing e-mail, web browsing, and compatibility with both Macs and Windows-based computers. Ipad is very similar...
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...Business Communication Trends Communication is the exchange and flow of information and ideas from one person to another it involves a sender with idea, information [ (Butler, 2011) ]. Communication is a big part of a business it is what makes a business doing well. Communication is the key part in business and in today’s world there are a lot of new treads that are helping businesses with communication. There are many new technology trends that businesses use to help them stay in contact with their employees when they are out of the office. In this paper will see how communication plays in my day-today activities at work. How does it help me manage my daily work activities. I will discuss the current trends in business communication. I will explain what trends I have seen in my Current and previous workplaces. The role that business communication plays in my day-today activities at work are sometimes challenging we have so many different ways to communicate which can be verbal, non- verbal and written. There are many tools that are used to communication with co-works throughout the day from Email, Microsoft office communicator, Phone, Work orders and faxes. Modern day technology trends help with scheduling communicating better with each other wither you are on the field or in the office all day. It helps me to keep my daily work activities up to date by making sure that I get reminders regarding appointments or if I have staff meeting by a click away. Communication also helps...
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...RUNNING HEAD: Riordan Corporate Compliance Plan Gregory L. Flanders Business LAW 531 Professor Linda Fried 17 July 2011 Corporate Compliance Plan Date: July 18, 2011 Subject: Riordan Corporate Compliance Plan To: Riordan Executive Officers and Directors I. Introduction Riordan Manufacturing was founded in 1991 with patent awards from processing polymers into strong plastic substrates. Riordan Manufacturing is a profitable plastics manufacturer with annual earnings of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 company with revenues over $1 billion. The products include plastic beverage containers produced at the plant in Albany, Georgia, custom plastic parts produced at the plant in Pontiac, Michigan, and plastic fan parts produced at the facilities in Hangzhou, China. The company's research and development is done at the corporate headquarters in San Jose. Riordan’s major customers are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers (University of Phoenix, 2003). II. Corporate Compliance Overview Senior leadership for Riordan Manufacturing, Inc. created a corporate compliance plan tailored to the corporation’s specific areas of plastic research and development, design, and manufacturing business. Riordan’s policies set forth in this document applies equally and legitimately to each employee without any regard to...
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...N.B.: 1) Attempt any Four Questions 2) All questions carry equal marks. NO. 1 COOKING LPG LTD DETERMINATION OF WORKING CAPTIAL Introduction Cooking LPG Ltd, Gurgaon, is a private sector firm dealing in the bottling and supply of domestic LPG for household consumption since 1995. The firm has a network of distributors in the districts of Gurgaon and Faridabad. The bottling plant of the firm is located on National Highway – 8 (New Delhi – Jaipur), approx. 12 kms from Gurgaon. The firm has been consistently performing we.” and plans to expand its market to include the whole National Capital Region. The production process of the plant consists of receipt of the bulk LPG through tank trucks, storage in tanks, bottling operations and distribution to dealers. During the bottling process, the cylinders are subjected to pressurized filling of LPG followed by quality control and safety checks such as weight, leakage and other defects. The cylinders passing through this process are sealed and dispatched to dealers through trucks. The supply and distribution section of the plant prepares the invoice which goes along with the truck to the distributor. Statement of the Problem : Mr. I. M. Smart, DGM(Finance) of the company, was analyzing the financial performance of the company during the current year. The various profitability ratios and parameters of the company indicated a very satisfactory performance. Still, Mr. Smart was not fully content-specially with the management...
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...“The global factors influencing on business strategy” Content 1. Abstract 4 2. Introduction 4 3. Literature review 5 4. Research metrology 6 5. Strategy 7 5-1 - Export Markets 8 5-2 - International Markets 8 5-3 - International Competitiveness 9 5-4 - International trade 9 5-5 -Trade blocs 10 5-6- International strategy 10 5-6-1 Mergers and acquisitions 11 5-6-2 Alliance 12 5-6-3 Cost leadership 13 5-6-4 Joint venture 13 6. Global Factors: 14 6-1 -Political 14 6-2 -Social 15 6-3 -Economic 17 6-4 -Technological 18 6-5 - Legal 19 7. Conclusion 20 8. Reference 21-22 1-Abstract Successful global business strategy addresses the operational and executive issues enterprise face when looking internationally for few opportunities. Attend successful global operations to develop an action plan...
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...Leadership means to influence, motivate, and empower others to contribute towards the effectiveness and success of the organizations of which they are members. As a leader, communication skills are important when motivating employees. Also rewarding employees or other resources to energize the employees to work towards success in their objectives. Leaders are the masterminds of the workplace because they can amend work relationships, allocate resources, and cut out any distractions so that employees can accomplish their objectives more effectively. There are many types of leadership and I will be discussing the path-goal theory of leadership, task-oriented leadership, and servant leadership. Servant leadership replaces self-interest with service...
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...The Office and New Leadership Laurie Alva Management 101 Laurie Genesi-Bloom The Office T.V. series shows how to use positive reinforment, effective communication, and S.M.A.R.T., techniques to improve employee performance. Leadership is one of the vital qualities of a good manager. A good manager is often seen exercising effective leadership in the organization. By effective and fair leadership supervisors need the skills to guide the team members, to encourage them towards attainment of the organization's goals and take the right decisions at the right point of time. A good manager has confidence in his/her abilities, and is thus innovative enough to experiment while nevertheless being brave to admit mistakes. An effective leader, that a manager is, needs to think out of the box! With these traits and strategies a manager can succeed. An excellent manager is the one who treads with a positive attitude, along with his/her team and leads them to success. A good manager shows traits such as an optimistic attitude, a motivating ability, listening skills and a concern for people. An effective manager must motivate his/her team members and be aware of the strengths and weaknesses of each of them. A good manager is a good listener to pay heed to the team members' problems, be open to their views, accept a constructive criticism from them and understand their abilities. A good manager is always aware that 'subordinates' are after all 'humans' and treats...
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...On August 9, 2000, Bridgestone/Firestone Inc. announced it would recall more than 6.5 million tires, most of which had been mounted as original equipment on Ford Motor Co. Explorers and other Ford light trucks. Bridgestone/Firestone had become the subject of an intense federal investigation of 46 deaths and more than 300 incidents where Firestone tires allegedly shredded on the highway. The Firestone tires affected were 15-inch Radial ATX and Radial ATX II tires produced in North America and certain Wilderness AT tires manufactured at the firm's Decatur, Illinois, plant. This tire recall was the second biggest in history, behind only Firestone's recall of 14.5 million radial tires in 1978. The 1978 tire recall financially crippled the company for years to come and the August 2000 recall threatened to do the same. Consumers, the federal government, and the press wanted to know: Why didn't Ford and Firestone recognize this problem sooner? Let us look at the series of events surrounding the tire recall and the role of information management. 1988---Financially weakened from its 1978 tire recall, Firestone agreed to be acquired by Bridgestone Tires, a Japanese firm. To increase its sales, Firestone became a supplier of tires for Ford Motors' new sport-utility vehicle (SUV), the Explorer. March 11, 1999---In response to a Ford concern about tire separations on the Explorer, Bridgestone/Firestone (Firestone) sent a confidential memo to Ford claiming that less than 0.1 percent of...
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...Task 1: 1.1: According to Mohan. S that Graham and Bennett (1998) said '' a worker relation includes all the guidelines practices and agreement leading relations between organizations and their employees, usually linking bargaining and collective representation''. The relationship among the company and workers is recognized as Industrial relations. However, a good trade relation is essential for healthier environment in the association and for improved performance and manufacture in the organizations. There are many important approaches used for industrial relations known as unitary and pluralistic approaches. Unitary frame of reference: Porter .C and Rees .D pointed in their book The Skills of Management,( 1996) that '' Unitary point of view the association as having one mutual intent with sectional benefits requiring to be subordinated to general structural aims''. However, all organization members notwithstanding their dissimilar roles have shared purposes and standards which band together their efforts. Claims from Watson .T in his fifth edition '' Unitary approach the employing association is understood as actuality based on a public of interest. The organization are the best experienced to agree how these mutual benefits are to be followed''. He also pointed that '' The unitary structure offers a range of methods of questioning the legality of trade union events and practices alternatively, suggesting''. Moreover, Fox A. (1966) say '' A unitary method has one...
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...This chapter goes over the section of 404 of the Sarbanes oxley Act 2002 (sox). The rules of management that SEC had released in June 2003 on internal contual they are1) implement the requirements of section 404 of SOX. 2) Amended the officer certifications required by sections 302 and 906 of SOX. 3) The delayed the originally proposed effective date for filling management’s report on internal control over financial reporting. Managers must implement the establishing and maintains adequate internal control of financial reporting. They must identify the framework of COSO which is a committee of supporting organization of the tread way commission report for internal control. Management must assess the effective of internal control of the recent fiscal year. In the statement the disclosure of any weakness of issuers internal control in financial reporting. The Brass tacks is a six stage approach they are 1) plan and scope evaluation. 2) Document your controls .3) evaluate the design and operating effectiveness of your controls. 4) Identify and correct deficiencies. 5) Prepare management’s report on internal control over financial reporting. 6) Prepare for the independent auditor’s report on management’s assessment of internal control over financial reporting. Under the plan and scope there are (5) to in process is project governance on going management projects. The need to provide suitable framework for internal control. The ability to disciplinary team, trained...
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...Assignment 1: “Communication and influential leadership.” This should be a 2-3-page essay (typed) on a specified individual you admire (who is/was also in sort of leadership position over you). Specifically, describe how their communication behavior added to their effectiveness. Be specific and don’t just describe what they did communication-wise, but what sort of affect it had on you. Draw conclusions from your arguments. (Deadline for Submission: 15th July) “Leaders are either born or nurtured, but never made” I was pondering upon as to about whom should I write. There were many leaders whom I admire, the most inspirational being A P J Abdul Kalam, our own president. From being a mere (no disrespects, just to show the growth of our President) boatman’s son in Rameswaram (in my own state, and I could very well imagine the type of scenario he would have been in at those days) to becoming the First citizen of India, the leap has been tremendous. Of course, nothing would have been possible without his hard work and dedication. But, should I write about him as the MOST influential leader who changed my life as such. It is true, but only to some extent. The one who has mentored my whole life and taken me so far (IIM L) and is also urging me, inspiring me, motivating me to dream big is my brother, Mr. Subramani Ramakrishnan, the leader I admire the most. There are many reasons to it, blood relationship being the last. His communications skills being the most important...
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...operation, I got vast academic knowledge in business area and improved my personal abilities in the class. Group work is a good way to exercise the ability to communicate and summarizes some marketing experience from the virtual platform for business running. It is critical that the marketplace simulation manipulation checked my academic skills and I learned how to get knowledge and flexible use in practice. Lessons learned during the course During the course, I got a lot of speculative knowledge of business management. The professor exponent the different business theory and explain it from the powerful evidence. With long time study, I learned the basis requirement for consultant in knowledge and skills. The manager should understand what the market is going to look like, they need have a ability of analyze the real data and make adjustments with the situation of the company. They must fully utilize the technology to optimize the company’s resources, pay attention to all measures from their competitors and try to get the best profit from their business plan as well. There was one mistake I made early on , was I just think administrator only need hired stuff to finish everything then get a result from them. After the learning of the class, I know that as the leader of the corporate sector, the manager should decide everything then lead the stuff to process their goals. The administrator must these abilities of ration analysis, tread carefully, quick, clean-cut decisions. Sometimes...
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...HRM/326 Professional Development Plan Introduction General Electric has always been a pioneer in technological advancements. In order to succeed in business and be successful GE periodically performs a Need Analysis on areas the company has earmarked for improvement. A Team Concept has been adopted as the most efficient means of exchanging ideas and implementing change. It helps employees develop an understanding of buy in and also allows each to feel important. Inspiring motivation at every level of the company creates an environment of diversity and equal treatment. Leadership, mentorship, and training programs help develop the tools necessary for achieving company goals and tasks. Team B will discuss the methods of analysis used and the learning process required. A evaluation criteria will be used to determine the outcomes. Need Analysis General Electric need analysis provided a more detailed examination in determining if the current training is achieving the business objectives, identify the areas requiring training, and determine whether or not GE employees have the knowledge, skills, and ability to support the business strategy and competitive advantage. General Electric employees are measured by what they can accomplish and how he or she leads to meet individual development and the objectives of the business. General Electric offers a range of learning platforms and training courses to its employees. Among these courses are leadership training programs, mentorship...
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...Twheel Marketing Plan Juan Carlos Vargas March 30, 2011 Keller Graduate School of Management MM522 Marketing Management Zach Yabs 1.0 Executive Summary The Twheel is an innovation on the pneumatic tire that uses an internal structure of spokes instead of air pressure to hold a tire together. The Twheel will provide value to customers via increases in performance, safety, and durability, as well as decreasing maintenance times, and environmental and personal costs. There are issues to contend with such excessive vibration and safety concerns that must be corrected. The Twheel will be introduced to the U.S. market in a three phase roll-out. The Twheel will gain acceptance in the market through an initial deployment into auto-racing, which will showcase the effectiveness of technology to the masses. Coinciding with the auto-racing deployment will be heavy advertising and promotions budgets, as well as celebrity endorsements that will establish the brand image. The roll-out will then proceed to the luxury car segment at premium pricing, and then conclude with mass retailers and most car manufacturers at reduced prices. The time frame of the initial roll-out will be approximately 5 years. Future targets will include military, construction, and specialty personal transportation vehicles. 2.0 Situational Analysis 2.1 Market Summary The tire industry is well developed, yet the emerging Twheel will have its own industry...
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