...Introduction It has been brought to our attention that a product defect in the Ever Last Ovenware line has led to the injury of a Mrs. Farzam. This report has been created with the intent of explaining what went wrong, and possible outcomes which may now occur as a result. After being redesigned to be more profitable, products in the Ever Last product line developed a defect as a result of the new manufacturing process. A small number of products would explode if exposed to a cold surface after cooking. Failure to correct this defect, or warn anyone about it has to a customer, Mrs. Farzam, being seriously injured as a result. It is possible that Mrs. Farzam will bring forth a lawsuit against Rock Cookware, so we have prepared this report to inform you of what may happen. The report contains a financial report showing what would have happened if the engineers redesign plan worked as intended. After preparing an income statement we discovered that the target number of 25% return on sales would have been exceeded and the redesign would have been a success. We then prepared an income statement based on the idea of recycling all of the defective cookware, returning to the old manufacturing process, cutting the price by 10%, and then adjusting for lost sales and customers. This showed that by choosing that option the 25% return on sales threshold would not be met by a very large margin. This report also contains information on the possibility of Mrs. Farzam being awarded punitive...
Words: 3323 - Pages: 14
...GE 1301- PROFESSIONAL ETHICS AND HUMAN VALUES UNIT I & II – HUMAN VALUES The Story of a Carpenter An elderly carpenter was ready to retire. He told his employer-contractor of his plans to leave the house- building business and live a more leisurely life with his wife enjoying his extended family. He would miss his paycheck, but he needed to retire. They could get by. The contractor was sorry to see his good worker go and asked if he could build just one more house as a personal favor. The carpenter said yes, but in time it was easy to see that his heart was not in his work. He resorted to shoddy workmanship and used inferior materials. It was an unfortunate way to end his career. When the carpenter finished his work and the builder came to inspect the house, the contractor handed over the house key to the carpenter. “This is your house,” he said, “it is my parting gift to you.” What a shock! What a Shame! If only he had known he was building his own house, he would have done it all so differently. Now he had to live in the home he built none too well. (Modified from LIVING WITH HONOUR by SHIV KHERA) Do we find ourselves in similar situations as the carpenter? Moving through our work hours fast paced, driven to “get the job done”, without much thought to moral values. How do we regain our focus as individuals and organizations? This is the challenge for the employee and the employer. Ethics are fundamental standards of conduct by which we work as a professional. VALUES Values...
Words: 25613 - Pages: 103
...Why or why not? The sourcing team comprised of adequate representation of key stakeholders in the company. It consisted of a few chemists and engineers, but mostly strategic leaders, who were responsible for making the purchase decisions of additive for fracturing fluid. The SafeBlend worked directly with sourcing managers at each company. Team Structure and roles * Sourcing Managers: Negotiated directly with SafeBlend. The sourcing managers assessed costs based on current market rates for ingredients and processes, and then assigned a value to the final product. They also relied on intelligence from their chemical engineers. * Chemical engineers: Worked with Dudley and SafeBlend to place a value on proprietary chemical processes, which included ingredients, equipment, labor, and innovation. Engineers played less significant role in final decision making process. * VP of Strategy: The VP considered the longer-term strategic benefits of a relationship with SafeBlend and owned the most power. Ultimately, the decision rested with VP of Strategy. The BNG’s sourcing team’s short term goal was to gain protection against the lawsuit that was filed against them for contaminating the environment with chemicals from fracturing liquid, and BNG was willing to pay even a high rate to prevent negative publicity and financial liability should they lose the case. In long term, they were ready to explore alternatives to SafeBlend’s “green” solution and re-negotiate with SafeBlend...
Words: 869 - Pages: 4
...Quality Management: Signing Off on a Substandard Product Ruben Ortiz University of Maryland University College AMBA 600 9042 MBA Fundamentals 2158 24 November 2015 Dr. Susan Malone Abstract Lauren is a quality engineer that is in charge of overseeing the manufacturing of products offered by the highly respected company that she works for. Her company landed a large deal with a strategic customer with the instruction to design a device to be integrated with another product. The reason to pursue this was that the client was experiencing rapid growth. Lauren’s company was chosen due to the fine reputation they have and the fast turnaround time. As the manufacturing process started, test results showed that the product did not meet the criteria set forth by the client. After informing the supervisor of the product shortfall, the supervisor wants Lauren to put the product through. She went a step further and informed the general manager with the same results. This is a very important customer and a large deal for the company that will establish the company within the industry and the managers do not want to jeopardize the contract with the client. Lauren must find the inner strength to inform all parties involved without jeopardizing her relationship with her supervisors or the company reputation. Pushing products that do not meet standards may have the opposite effect that the supervisors believe they need to follow. They are opening...
Words: 1394 - Pages: 6
...In today’s working environment, you’ll find a computer doing the job that several people used to do in the past. Business innovations have exploded through the computer interface and it’s allowed us to do so much more than anything we’ve dreamed. These days, one of the most common companies I’ve found within the computer systems I use is Oracle Corporation. Using a government computer I find that all of the systems I work with on a daily basis are run on an Oracle platform. From processing, searching, and accessing documents; I tend to find myself waiting for an Oracle application to run its loading course. The presence of Oracle really intrigued me and I wanted to look deeper into the company’s operations. I found a company that has a solid potential of continued growth, a large customer base, and a continued reinvestment into the infrastructures in which they create. Let’s take a look into the company that supports customers around the world. Oracle Corporation runs on a fiscal year that begins June 1st and ends May 31st. Its quarter earnings statements are posted every August, November, February, and May. This last fiscal year close has shown that Oracle has a total revenue of $38,275B and a total assets amount of $90,344B. Total common stock for the company at the end of the fiscal year was $21,077B with a retained earnings of $25,965B. The fiscal year ending amount for common stock in just the last year has added a total of $2,184B. What does this mean? This means the...
Words: 1424 - Pages: 6
...RISK MANAGEMENT – AN AREA OF KNOWLEDGE FOR ALL ENGINEERS A Discussion Paper By: Paul R. Amyotte, P.Eng.1 & Douglas J. McCutcheon, P.Eng.2 Chemical Engineering Program Department of Process Engineering & Applied Science Dalhousie University Halifax, Nova Scotia, Canada B3J 2X4 2 1 Industrial Safety & Loss Management Program Faculty of Engineering University of Alberta Edmonton, Alberta, Canada T6G 2G6 Prepared For: The Research Committee of the Canadian Council of Professional Engineers October 2006 SUMMARY The purpose of this paper is to “seed” the discussion by the Research Committee of the Canadian Council of Professional Engineers (CCPE) on the topic of risk management. The paper is in part a research paper and in its entirety a position paper. As can be inferred from the title, the authors hold the firm opinion that risk management is an area of knowledge with which all engineers should have familiarity and a level of competence according to their scope of practice. The paper first makes the distinction between hazard and risk. The two terms are often used interchangeably when in fact they are quite different. A hazard is a chemical or physical condition that has the potential to cause harm or damage to people, environment, assets or production. Risk, on the other hand, is the possibility or chance of harm arising from a hazard; risk is a function of probability and severity of consequences. A description of the process of risk management is then given....
Words: 14427 - Pages: 58
...RHDG/Tim Heraldo Cover Image: SuperStock/Henry Beeker Compositor: International Typesetting and Composition c 2009, 2005 Wadsworth, Cengage Learning ALL RIGHTS RESERVED. No part of this work covered by the copyright herein may be reproduced, transmitted, stored, or used in any form or by any means graphic, electronic, or mechanical, including but not limited to photocopying, recording, scanning, digitizing, taping, Web distribution, information networks, or information storage and retrieval systems, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the publisher. For product information and technology assistance, contact us at Cengage Learning Customer & Sales Support, 1-800-354-9706 For permission to use material from this text or product, submit...
Words: 48169 - Pages: 193
...turbo that released emission directly into the real word atmosphere. The allegations were genuine and were proved by the Environment Protection Agency in the United States (EPA) (Hotten, 2016).The chief executive of the company said that the blame has been widely attributed to various software engineers in the company who had ultimately done it for unknown reasons. Speaking during a committee the chief apologized and promised that strict investigation will be undertaken and those found liable brought to book. He said that the company is always and will always be committed to making the world a better place through the manufacture of quality automobiles for the consumers although some of her workers were up to violate their mission. The chief further clarified that the car in question will need more software update so as to meet the US pollution rules (Hotten, 2016). Implication on Workers The implications of the mistrust have become a liability for all of the employees in the company and have been a cause for embarrassment to them. In the context, the software engineers responsible for the action created a bad reputation for the company as well as for other honest employees working with diligent to meet the company...
Words: 1243 - Pages: 5
...turbo that released emission directly into the real word atmosphere. The allegations were genuine and were proved by the Environment Protection Agency in the United States (EPA) (Hotten, 2016).The chief executive of the company said that the blame has been widely attributed to various software engineers in the company who had ultimately done it for unknown reasons. Speaking during a committee the chief apologized and promised that strict investigation will be undertaken and those found liable brought to book. He said that the company is always and will always be committed to making the world a better place through the manufacture of quality automobiles for the consumers although some of her workers were up to violate their mission. The chief further clarified that the car in question will need more software update so as to meet the US pollution rules (Hotten, 2016). Implication on Workers The implications of the mistrust have become a liability for all of the employees in the company and have been a cause for embarrassment to them. In the context, the software engineers responsible for the action created a bad reputation for the company as well as for other honest employees working with diligent to meet the...
Words: 1242 - Pages: 5
...turbo that released emission directly into the real word atmosphere. The allegations were genuine and were proved by the Environment Protection Agency in the United States (EPA) (Hotten, 2016).The chief executive of the company said that the blame has been widely attributed to various software engineers in the company who had ultimately done it for unknown reasons. Speaking during a committee the chief apologized and promised that strict investigation will be undertaken and those found liable brought to book. He said that the company is always and will always be committed to making the world a better place through the manufacture of quality automobiles for the consumers although some of her workers were up to violate their mission. The chief further clarified that the car in question will need more software update so as to meet the US pollution rules (Hotten, 2016). Implication on Workers The implications of the mistrust have become a liability for all of the employees in the company and have been a cause for embarrassment to them. In the context, the software engineers responsible for the action created a bad reputation for the company as well as for other honest employees working with diligent to meet the company...
Words: 1243 - Pages: 5
...A partnership is considered to be a legal relationship between two or more persons who carry on a business with the objective of making a profit and sharing it between or among themselves; however, the persons are equally liable for its debts. A Limited Liability Partnership (LLP) is a form of partnership that protects its members from being personally liable for negligent acts conducted by other partners or employees under their supervision. It is a popular business structure given that the partnership is not taxed and the onus is on each partner to file individual tax returns. However, a LLP is primarily designed for professionals for example lawyers, doctors, engineers and accountants. Based on the definition of a LLP and the information presented in the case, one has to question whether the form of partnership intended among Kobe, Dwayne and Lebron was the most suitable for the manufacturing and marketing of sports merchandise. Powerade V KDL, LLP Powerade will indicate that an exclusive agreement to only use and display Powerade products was formed with KDL through their partner Dwayne. Irrespective of KDL’s internal challenges or communication issues, the contract was breached as Kobe on behalf KDL also entered in an exclusive relationship with Gatorade which severed the exclusive arrangement established with Powerade. Given that Gatorade is a competitor, Powerade will be concerned that information regarding their operations could be paased on to Gatorade and...
Words: 1216 - Pages: 5
...supply chain strategy appears in many different forms and varieties; picking the right strategy is the hard part. When deciding on a strategy, the goal is to pick the correct one that will benefit your specific organization and area. There are six different strategy associated with supply chain management: Many supplier, few suppliers, vertical integration, a combination of the two referred to as a joint venture, Keiretsu, and a virtual company (Hiezer). The first couple of the strategies have a company rely heavily on external suppliers for their goods and service. Not necessarily working in conjunction with the organization business strategy, but aggressively compete with other suppliers to gain essentially the right to provide the product on the companies demand. The goal of both these strategies isn’t to foster a long term partnering relationship with the buyer’s organization. The strategy of vertical integration takes on two forms also; a company can either purchase a supplier or work in combination and join resources becoming a joint venture. Vertical integration can be forward taking on more of the distribution action or backwards by produce what was in the past purchased. They can benefit from organization talents by reducing cost, increase quality, and timely deliveries. It being hard to everything well and the large financial commitment are some of the challenges of a vertical integration strategy, for some organization these challenges may force them into a formal...
Words: 3355 - Pages: 14
... Date: 06 May, 2013 Process Quality Engineer Barco Electronic Systems (P) Ltd. A-38 B&C, Sector- 64, Noida-201301 U.P. India. Sub: Electronics Engineering Management - Counterfeit Electronics components Abstract Counterfeiting has a long and despicable history, ranging from art and literature to manufactured goods. Unlike other industries, counterfeiting in the aerospace industry may have life or death Consequences. We take the problem seriously. Thus, all stakeholders from industry and government must work together to effectively reduce the introduction of counterfeit parts into the aerospace supply chain and minimize their impact. The introduction of counterfeit parts whether they are electronic, mechanical or other adversely affects government, industry, consumers which includes National security or civilian safety issues and costs of enforcement. Counterfeit parts are an escalating global supply chain challenge where a single occurrence represents widespread risk to product cost and quality, human safety, and national security. Aerospace and defense products are targets for counterfeiters because the systems are intended for use over extended time, leaving them vulnerable to obsolescence of parts, materials, subsystems and technologies. As the time of system use increases, a substantial number of the parts required to support aerospace and defense products are no longer available from the original equipment/component manufacturers...
Words: 434 - Pages: 2
...Partnerships tional and promotional communications, with the brand selection being based on the package. The fourth situation is the pure impulse purchase. In this case shoppers had not considered buying the product until the package attracts their attention and they are enticed to purchase the product. In addition to drawing the attention of the shopper, the package itself may have attributes that significantly increase the attractiveness of buying a given brand. These are attributes that make the product easier to transport, store, and use, such as multiunit packaging; package dimensions that fit in the refrigerator door or on standard height shelves; and packaging which is easy to open, resealable, reusable, microwaveable and/or pourable. Some consumers also have a strong preference for environmentally friendly packaging that is recyclable or biodegradable. Any of these features may persuade a shopper to purchase a given brand of a product and should be considered when designing product packaging. SEE ALSO PARTNERSHIPS The Uniform Partnership Act (UPA) defines a partnership as “an association of two or more persons who operate as coowners a business for profit.” The creation, organization, and dissolution of partnerships are governed by state law. Many states have adopted the UPA. Partnerships that are created under the UPA are referred to as general partnerships. Business partners are fiduciaries to each other under the UPA. The law recognizes the partnership to be...
Words: 2395 - Pages: 10
...INTERNSHIP REPORT ON ORGANIZATIONAL STUDY AT CENTUM ELECTRONICS SUBITTED BY: SARAVANAN AJDURAIRAJ VRAJENDRA P | 12MB491212MB486512MB48 | II SEMESTER MBA Guide Mr. A. M. Lucas Internship Report submitted to the University of Mysore in partial fulfillment of the requirements of II Semester MBA degree examinations – 2013 Ramaiah Institute of Management sciences #15, New BEL Road, MSRIT Post, M S Ramaiah Nagar Bangalore – 560054 CERTIFICATE This is to certify that this Internship Report on Organizational Study at CENTUM ELECTRONICS is a bonafide study of SARAVANAN A J, DURAIRAJ V, RAJENDRA P carried out under my guidance and supervision. Place: Bangalore Date: [Signature of the Faculty Guide] DECLARATION We hereby declare that this Internship Report on Organizational Study at CENTUM ELECTRONICS submitted in partial fulfillment of the requirement for II Semester MBA Degree examinations 2013 of University of Mysore through Ramaiah Institute of Management Sciences is our original work and not submitted to any other university. This work has been done under the supervision of Mr. A. M. Lucas in Ramaiah Institute of Management Sciences, Bangalore. Place: Bangalore Date: [Signatures of the Team Members] [Reg. No.] ACKNOWLEDGEMENT: We would like to add a few heartfelt thanks for a few people who were part of this project in numerous ways, people who gave unending support from the start of this study. I would like to convey my sincere gratitude...
Words: 15381 - Pages: 62