...Organizational Structure Paper Melissa A. Wilkinson XMGT/230 - Managment Theory and Practice June 2, 2013 Elaine McCarty Organizational Structure Paper At Burns & McDonnell engineering, several different organizational charges are used because of the size of the company. For individual projects, functional organizational charts are used to organize employees within that particular project. Functional organization is the departmentalization around specialized activities such as production, marketing, and human resources (Bateman & Snell, 2011). For the Maine Power Reliability Program, in which Burns & McDonnell functions as the Program Manager for this project, a functional organization is used. At the top of the organizational chart, the lead of the entire project, the program manager is at the top. Underneath the program manager is the assistant program manager, who reports directly to the program manager. From there, everyone else is grouped by functional group which the lead or project manager at the top of that functional group. There is one overhead project manager and underneath this position are the assistant project managers and the technical admins. The next group is led by the substation project manager and underneath him are substation assistant project managers and technical admins. The third functional group is procurement. There is a procurement manager and underneath him are the people who have been assigned to procurement and...
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...Team Alpha Supply Chain Paper Angelo Meleandez, OPS/571 March 4, 2014 Team Alpha Supply Chain Paper Riordan Manufacturing is a global plastics manufacturer employing over 550 people with projected annual earnings of $46 million. The company is owned by Riordan Industries, a Fortune 1000 corporation with revenues in excess of $1 billion per year. Its products include plastic beverage containers produced at its plant in Albany, Georgia, custom plastic parts produced at its plant in Pontiac, Michigan, and plastic fan parts produced at its facilities in Hangzhou, China (Riordan Manufacturing, 2013). Manufacturing Strategy Team Alpha will be discussing the Hangzhou facility in China and the many aspects of the supply chain design. The Hangzhou fan manufacturing plant uses a Level Strategy of production. The plant's business is a make-to-stock operation in which the future demand for fans is forecasted based on taking the average of sales for the last three years and extrapolating it into the next year. The assumption in using this forecasting method is that history will repeat itself within manageable limits (Riordan Manufacturing, 2013). A level strategy maintains a stable workforce, working at a constant output rate. Shortages and surpluses are absorbed by fluctuating inventory levels, order backlogs, and lost sales (Jacobs & Chase, 2011 pg.534). Employees in a level strategic manufacturing facility benefit from stable work hours at the costs of potentially decreased customer...
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...Cost Methods Paper This week’s paper consists of writing about cost methods pertaining to Super Bakery, Inc. This paper will layout the strategies that the management of Super Baker, Inc. used, as well as discuss why management thought it was a good idea to an activity-based costing system into their business. The comparison of a job order cost system and a process order system will be analyzed to decide which would be the best fit for Super Bakery, Inc. Super Bakery, Inc. was founded by ex-National Football League Pittsburgh Steeler play Franco Harris his vision was to provide vitamin, mineral, and protein enriched doughnuts to schools and other institutions. Super Bakery is a virtual corporation, in which only the core, strategic functions of the business are performed inside the company (Darling, October 1996).The main thought about running a company this way was to pull other organizations with expertise in these areas together to reduce the amount of liabilities for facilities, labor, and working capital. The company can claim that this system of outsourcing is working because sales have grown at an average annual rate of approximately 20%. Even though Super Bakery was experiencing some success with the outsourcing at the same time it was proving to be a challenge to the organization in terms related to controlling the costs. The organization started off with a more traditional costing method that simply spread the costs of the operation to every customer. This...
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...http://www.scribd.com/doc/39376533/The-Performance-Appraisal-System-of-Rahimafrooz Letter of Transmittal Mrs. Kamrun Ahmed Course Coordinator Management Information System Department of Business Administration Southeast University. Subject: Submission of Transmittal Dear Mrs. Kamrun Ahmed With a great respect, we are informing you that we have prepared a project report on “The Information System use in a Superstore”. For the project completion, we have selected the superstore “Agora”.We feel great pleasure for submitting this report to you, which will definitely help us to complete the MBA. During the preparation of this report, we have experienced a lot that will greatly help us in our further studies and carrier life. It has enlightened our practical knowledge about the information system use in the practical world of business, the strategies they follow to maintain the problem in the superstore although the experience we got from here will help us to contribute these techniques in our practical life. We tried our level best to develop a good report. We would like to thank you for giving us such an opportunity to do this report on this topic. Thank you Sincerely yours Name Student ID. Md. Hafizullah 2011110004011 Sayeed 20111100040 Rukhsana Akter Rumi 2011110004015 Umma...
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...FROM TAYLORISM TO AUTONOMY In this essay we will present how the managements concept was developed from F.Taylor concept to contemporary management concepts. We will point to a few selected aspects of strengths and weaknesses of scientific management. From craftsmanship to mass production. Scientific management.- breakthrough in the industrial production. Until F.Taylor published his book 'Principles of scientific management' in which he laid down fundamental principles of large-scale manufacturing through assembly-line factories, good production was based mostly on the work of crafts. "Production efficiency methodology that breaks every action,job, or task into small and simple segments which can be easily analysed and taught. Introduced in the early 20th century, Taylorism (1) aims to achieve maximum job fragmentation to minimize skill requirements and job learning time, (2) separates execution of work from work-planning (3) separates direct labour from indirect labour (4) replaces rule of thumb productivity estimates with precise measurements, (5) introduces time and motion study for optimum job performance, cost accounting,tool and work station design and (6) makes possible payment-by-result method of wage determination.”1. ( reference). Application in industry scientific management methods a specially assembly-line factories made it possible to mass production of goods. Many products previously inaccessible for a mass audience, such as for example...
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...Turnkey Projects Julie Carter BMAL 560 Liberty University Key Term and Why You Are Interested In It Turnkey projects have advantages and disadvantages on business. The project responsibility lies with the contractor or producer of the project and not the buyer. The pressures of decisions and success, do not rest on the shoulders of the buyer. Although, the buyer requiring more control over the designing process of the project, will find difficulties within these types of projects. Turnkey projects are not customized. As per this paper and my academic advancement, I would like to expand my understanding of turnkey projects. Explanation of the Key Term Per Satterlee, “in a turnkey project one client company contracts another company to build and deliver a ready to operate industrial plant or infrastructure facility” (p. 227). Turnkey projects can help with the conception of “infrastructure in developing countries” (Satterlee, 2009, p. 227). Although, the result of helping, has the possibility of creating a competitor as well. These types of projects are used throughout many different industries, in many different ways. Major Article Summary An article from the, International Journal of Project Management, illustrated some of the positives of a turnkey project. The focus of the article aimed as to the “managing schedule deviations in international plant projects” (Alaskini, 2004, p. 75), with an attempt to find solutions. The findings primarily laid fault...
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...in general. This will ensure that the best care will be provided for patients and increase business functionality. Innovation Research and Implementation An area that is changing in healthcare administration is the storage and processing of medical records and patient data. Quantitive research design was used to gather data. The objective of this research was to find a global perspective regarding HDR on how this system assisted healthcare needs of both the patients and healthcare professionals. Through this research solutions were found that would allow better and more affordable healthcare services, and future insight to how medical devices would change over time. In the past, records including charts and personal information were paper files placed in folders and stored in cabinets in the medical records department or hospital libraries. Today, many facilties are now using electronic or digital records that is stored. In the article strategic research was done to find the most efficient, cost effective, and overall beneficial record keeping system in healthcare available. It was discovered that one of the best new innovatios in record keeping is a system called Healthcare Digital Records (HDR). Upon Implementation research was conducted to contemplate which type of systems to innovate and how to carry out the production. The SDLC process was used as a means of investigating, studying, and analyzing HDR to ensure that it...
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...the implications of a new product on operations managment the implications of a new product on operations managment By: Mwenya Musakanya SN: 14100042 BS343 PRODUCTION AND OPERATIONS MANAGEMENT By: Mwenya Musakanya SN: 14100042 BS343 PRODUCTION AND OPERATIONS MANAGEMENT Contents 1 Introduction 2 2 New Products and Product Design 2 2.1 Factors to Consider in Product Design 3 2.1.1 Design for Manufacture 3 2.1.2 Product Life Cycle 3 3 Process Selection 4 3.1 Process Decisions 4 3.2 Factors to Consider in Process Design 5 3.2.1 Choice of Technology 5 3.2.2 Process Planning 5 4 Capacity Planning 5 4.1 Process of Capacity Planning 6 4.2 Importance of Capacity Planning for New Products 7 5 Quality Control 7 5.1 Methods that can be used to control Quality 7 5.1.1 Verification of the Design Quality 8 5.1.2 Product Quality Control 8 5.1.3 Supplier Quality Control 8 5.1.4 Early Warning Mechanism 8 6 Forecasting 9 6.1 Methods used in Forecasting 10 6.1.1 Short Term Forecast 10 6.1.2 Long Term Forecast 10 7 Conclusion 10 8 References 12 Introduction New product launches are highly complex and can pose major challenges to companies. But then, managing the relationship between product generations and diversity can greatly increase the chances for success for a company. Traditionally, new products have offered great opportunities for companies to innovate, connect with their customers and provide value added services and products. When...
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...was the exception to the rule. Created by two college students in 1996, the web-based company had solidified its business position as a top online retailer of high-end, luxury goods with $32 million in sales and $2.1 million in profit for 2006. Consumers bought directly from iPremiere using credit cards, which were then stored on the company’s servers. In 2007, computer hackers launched a Denial of Service (DoS) attack on iPremiere’s website, temporarily shutting down the website and taunting iPremiere with emails. The possibility of hackers breaching its security firewall is extremely troubling because it puts customer financial information at risk and the loss of this public trust would be disastrous for iPremiere. The purpose of this paper is to assess why iPremiere was vulnerable to attack, examine their approach to both IT risk management and crisis communications and offer recommendations that foster customer trust and company profitability in the future. SWOT Analysis A brief SWOT analysis shows that iPremier’s strengths include good placement in the e-commerce marketplace and a highly experienced and productive team of managers and software developers dedicated to meeting company expectations. Weaknesses include weak IT security and outdated crisis management procedures. Opportunities revolve around maximizing its financial position in an e-commerce field focused on luxury, high-end retail items, while cyber hackers and potential lawsuits from other companies and customers...
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...Gillermo Furniture Store Analysis Dechazlon Burnett, Basma Fawaz, Jon Ehm, Janice Schmitt, Jenna Snowden University Of Phoenix Accounting 561 Michael De Marco November 14, 2010 Introduction Gillermo Furniture Store Analysis Risks Associated with Sales Forecasts Sales forecasting and budgeting are important tools used to evaluate the results of the company. The sales forecasting are used as guidelines that direct the company to the right path and help the management achieve the company’s goals. The company may face many risks when forecasting or creating budget and this is related to unethical decision making. Sometimes mistakes occur either because of misrepresentation of numbers when creating a budget or because wrong decisions made by managers that aimed to increase income and resources. This will cause financial loss and failure to the company because the data used in the budget are inaccurate that will cause errors in the future numbers. According to Horngren, (2008) sales forecast is defined as, “a prediction of sales under a given set of conditions.” Forecasting is usually done using many techniques and the most important is based on data from past history to predict the future demand. The only error that may occur is that when there is a mistaken assumption in the past sales demand will continue into the future (Chase, 1993.) Guillermo Furniture store considers sales forecasting as a strong foundation to build the company’s sales budget. Guillermo...
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...Introduction For every disaster that can occur, it is very important to follow an appropriate change management process to reduce potential risks. Disaster are inevitable so as change. Disaster management is used to manage risks and consequences that a disaster could bring. It includes different aspects of planning and responses in all stages of a disaster (Othman and Beydoun 2013, 218). A thorough preparation for possible disaster is a requirement (Rolland and Patterson et al. 2010, 69). The purpose of this paper is to analyse critically the management of Costa Concordia disaster and how the disaster management impacted on the risks and consequences in the disaster area. This paper also reveals how disaster management influences the management style and process. This paper also recognises lessons that can be learnt to minimise the consequences that occurred. Causes, Triggers and Drivers In a disaster, there are number of causes, triggers and drivers for a specific chaos to happen. In Costa Concordia’s issue the main cause of this was the ship hitting a sandbar with a huge rock on Friday evening near the island of Giglio in Italy (Westcott, 2012). This cause was triggered by the captain of the ship have sailed to close to land as this was an unapproved and unauthorised deviation in course (Johnston, 2012) and the captain confessed that he made a navigational error and gave an order for a turn too late (BBC News, 2013). The drivers for the chaos were the rock that the...
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...Northwest Arkansas. In less than 50 years Wal-Mart has become the world’s biggest retail chain as well acquiring thousands of stores and millions of associates. Ethics and integrity have been continuous throughout their transformation. Ethics and integrity have defined the company and how they treat their associates, the suppliers, and their patrons. The values that guide Wal-Mart’s decision and leadership are; respect for individuals, service to the customer, and striving for excellence. This paper can discuss Wal-Mart’s responsibility in regard to the role of ethics and compliance as it relates to their financial situation. An explanation of the measures used to ensure ethical behavior and recognize the methods used to conform to the United States Securities and Exchange Commission’s (SEC) regulations. The past two years of Wal-Mart’s annual reports will be used to assess the company’s financial operations and in calculating their financial ratios. The organization’s trends and their financial well-being will be determined by their financial ratios. The role of ethics and compliance: Wal-Mart has three basic components to the role of ethics beliefs and they are “Respect for the individual” which means you should treat everyone with respect and to show consideration for any interaction with customers and co-workers, be courteously and kind at all times. “Service to the Customer” being able to supply the customer with their wants...
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...marketing department of a business needs to take into account the various social factors characteristic of the consumer groups it is targeting to help increase a product's appeal to those potential buyers. (Siotis, J. 1999) Consumer behavior is defined as “all psychological, social & physical behavior of potential customers as they become aware of, evaluate, purchase, consume, & tell others about product & services. Consumer behavior is an attempt to understand & predict human actions in the buying role. It has assumed growing importance under market-oriented or customer oriented marketing planning & management. Background of the company The food company which I have chosen is the mars international chocolates they have started their operation from as early as 1892. And they are pioneer in the confectionary industry. And it is the leading manufacturer of chocolates in the world, with an estimated annual revenues of 7 billion $. They have managed many multiple brands like the snickers, mars and galaxy chocolates respectively. Objectives 1) To evaluate the stages of the decision making process that the consumer and customer would go through in choosing whether to purchase the products 2) And to discuss the most important personal and social factors in the...
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...[pic] A RESEARCH PAPER On Opportunities in indian market of mutual funds investment PIONEER (Since 1996) Submitted to Submitted By Prof. Dr. V K Jain Ravendra Kushwaha Prof. Nidhi Kothari MBA 3rd sem Roll. No. 09010118 DECLERATION I hereby declare that this Research Paper entitled “OPPORTUNITIES IN INDIAN MARKET OF MUTUAL FUNDS INVESTMENT” submitted for the extra co curriculum activities fulfillment of the requirement of Master of Business Administration (MBA) of PIONEER INSTITUTE OF PROFESSIONAL STUDIES INDORE is based on secondary data found by me in various Companies fact sheets, books, magazines and websites & Collected by me in under guidance of Prof. Nidhi Kothari. DATE: Ravendra Kushwaha ...
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...Int. J. Production Economics 69 (2001) 15}22 Strategy management through quantitative modelling of performance measurement systems U.S. Bititci*, P. Suwignjo, A.S. Carrie Centre for Strategic Manufacturing, DMEM, University of Strathclyde, Glasgow G11XJ, UK Received 30 March 1998; accepted 29 September 1999 Abstract This paper is based on previous works on performance measurement and on quanti"cation of relationships between factors which a!ect performance. It demonstrates how tools and techniques developed can be used to evaluate the performance of alternative strategic choices through a quantitative approach to modelling of performance measurement systems. The paper provides a brief background to the research problem and preceding works. The tools and techniques used are brie#y introduced. Use of these tools and techniques to evaluate the performance of alternative manufacturing strategies is demonstrated. Finally, the capability of the approach to deal with dynamic environments is demonstrated 2001 Elsevier Science B.V. All rights reserved. using sensitivity analysis. Keywords: AHP; Performance measurement; Prioritisation of performance measures; Dynamics of performance measures; Resource allocation 1. Introduction The nature of competition has changed dramatically over the last two decades. Quality, speed, and #exibility, in addition to cost, have emerged as the three most important competitive attributes [1}4]. This has made the traditional "nancially based performance...
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