Case Study Operations And Project Management - 2796 Words

Vivica L. Stokes Prof. Brian Dahl Course Title: Operations and Project Management Course Number: BUSN 6110 QDS22015 Date: May 30, 2015-05-30 Institution: Webster University â€Å"Quality Management – Toyota† Abstract Toyota Motor Corporation being the leading motor manufacturer in the world is now facing issues regarding quality management and there have been many cases in October 2009 when the initial recalls of Toyota vehicles in the United States of America was done. Toyota being its origin from Japan has developed repute by giving the world the most reliable vehicles. That was the Unique Selling Proposition this company was putting forward to the market and gradually there were many buyers who were adhering to this particular†¦show more content†¦The company wanted to grow even more and that led to compromise in the quality and its manufacturing techniques. There were constant complaints related to safety in the Toyota cars. This was followed by a series of recalls thus making the reputation of Toyota Motor Corporation questionable in the eyes of the consumers. Toyota Motor Corporation was founded by Mr Kiichiro Toyoda in the year 1937 but it was in the year 1897 when Mr. Kiichiro Toyoda’s father Mr. Sakichi Toyoda expanded his business. Their family business was that of carpentry which later branched out into machinery business. It was towards the end of the nineteenth century, Japan saw the first power emergence changing the face of the textile industry. This was done by Sakichi Toyoda who conceived the Toyoda Spinning and Weaving Company in January 1918. After this the Toyoda Automatic Loom Works came into existence in the year 1926. It was the Toyoda Automatic Loom Works that led Sakichi to the automobile industry and with  £1000, 000 which he received from selling off the patent rights of his Automatic Loom Works, the foundation of Toyota Motor Corporation was laid in the year 1937 (Toyotabharat.com, 2015). The Company was eventually accepted by the world and was seen as the pioneer for quality and perseverance. The company gave the world sturdy cars that were safe as well as has style. The philosophy that they followed was of quality and with this they kept on expanding theirShow MoreRelatedToyota s Quick Thinking Operations Management Essay824 Words   |  4 PagesManaging Operations In March of 2011, northeastern Japan was struck by one of the largest earthquakes ever recorded. The magnitude 9 quake (Oskin, 2015) triggered a devastating tsunami, killing thousands, damaging the country’s infrastructure and paralyzing all private, public, and government entities. One of the businesses disrupted by the disaster was Nissan Motor Company LTD, a multinational auto manufacturer producing automobiles under the brand names of Nissan, Infiniti, and Datsun. ThisRead MoreEssay Strategic Operations1447 Words   |  6 PagesOPERATIONS   STRATEGY       Instructor:   Gad   Allon       Contact:    g- ­Ã¢â‚¬ Ã¢â‚¬â€˜allon@kellogg.northwestern.edu             Class    1    Description    Framework   for   operations   strategy    Tailoring   operations   strategy    Investor/External   view   of    operations:       - Operations   Forensics    - Linking   to   Financials   (ROIC   tree)    Asset   strategy,   operational   hedging    and   risk   mgmt.    Sourcing   strategy:    Global   networks   and   offshoring    Strategic   sourcing   and   supplier    relations    ReadingRead MoreSystem Development Life Cycle666 Words   |  3 PagesSystems Planning Stage Topic Chapter 2 Analyzing the Business Case Deliverable Preliminary investigation report Toolkit Support Primary tools: Communications, financial analysis, and project management tool Other tool as required. Systems Planning is the first of five stage in the systems development life cycle (SDLC). In this stage, you will learn how IT projects get started and how a system analyst evaluates a proposed project and determine its feasibility. A system analyst’s first taskRead MoreManaging A Budget And Schedule For A Multi Million Dollar Project1416 Words   |  6 Pagesschedule for a multi-million dollar project. Many tools are available to help with project management to aid in managing a project with so many a vast amount of factors involved. In the article, ‘How Gantt Charts Can Help Avoid Disaster’ by Linda Russell, she explained how a Gantt chart may have helped this failed project. To name a few issues, the project didn’t have a dated project plan, the project had not determined the critical path, there was no baseline project plan, and there was a major scopeRead MoreLeadership And Management Skills Development And Effective Use Essay1503 Words   |  7 P agesLeadership and Management Skill Development and Effective Use Introduction Leader comprise of people who analysis a situation and take initiative to implement change for the betterment of the business or organization they have enrolled to work for. Good leaders will never observe negative aspects of a business as being weaknesses but as being opportunities to improve the organizations operation and growth. This is the precise situation experienced by the International Institute of Educational ExcellenceRead MoreProject Management Life Cycle Description Essay1295 Words   |  6 Pagesthe project team will utilize the project management life cycle to ensure the projects forward movement. 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The potential benefits of ERP system implementation include improved coordination across functional areas, increased efficiency, reduced operational costs, rapid access to information forRead MoreA Report On The Procurement Process1475 Words   |  6 PagesProject management has many important components that must be integrated in order to ensure the overall success of an endeavor. One area that many businesses focus on is procurement in order to maximize the benefits for the organization. As a result, many organizations are hiring procurement specialists with the purpose of ensuring that their procurement practices are efficient and current with business practices. This paper will discuss the procurement process, some of the benefits procurement offersRead MoreSupply Chain Management Essay957 Words   |  4 PagesThe first research publication presents guidelines on focus to the study one development efforts to enabling firms or companies to benefit from e-business in the (SCM) supply chain management. The type of presented resources allocation is based on exports opinions. The previous study (Christopher, 1998) it has identified that the tasks orientated, and interaction centred which focus on groups workload as an ideal methodology for exploring the experience of professionals and experience describingRead MoreSample Resume : Chemical Engineering And Project Management1717 Words   |  7 PagesEngineering and Project Management. My experience includes team leadership and engineering design of water and wastewater treatment technologies, process management and water resources including flood and yield hydrology. In addition, I have a proven track of managing a p ortfolio of business projects including corporate risk management, project governance and non-compliance incident investigations. I have extensive experience in the following key areas: ï‚„ Project management of engineering projects and multi-functional

Susan B. Anthony For Women s Rights - 1040 Words

In a lifetime, full of darkness for women, Susan Brownell Anthony decided to rise and take a stand for women s rights. She knew women deserved the same respect as men received and that women needed to be treated with equality and have the same rights and privileges as men. It took a brave soul by the name of Susan B. Anthony to stand up for ladies everywhere. Susan was an abolitionist, educational reformer, labor activist, and an organizer for woman s suffrage. She was a hero to most by creating an inspiration to them of all in every aspect of their lives and all that she did. Susan B Anthony played a major role in history during her life, participating in reform movements, and becoming a hero to all women by trying to make a change in†¦show more content†¦Susan Anthony was never married, nor did she have any children. She spent a large part of her life focused on fighting for rights and didn t take the time and do any of these things that many women her age we doings. It w asn t until 1851 where she took up the cause to participate into the women s rights division. Up until that time she was devoted to temperance movement (daughter of temperance focusing on the dangers of alcohol until the male members of the movement would not allow her to speak because she was a woman. Her eyes opened to realize that woman had to win the right to speak in public and the right to vote before they achieved anything else. In 1851 Susan B Anthony was introduced to Elizabeth Stanton and they both made a great team working together. Together they edited and published a woman s newspaper called the Revolution from the time of 1868 to 1870. In 1869, Anthony and Stanton formed the National Woman Suffrage Association and they traveled all over the country promoting woman s rights. Susan stood up for what she believed in and carried this throughout her life. She gave, speeches, arranged meetings, put up posters, and distributed leaflets. She encountered hostile mobs, and thi ngs thrown at her while trying to make her purpose. A lot of people were against on her movements but she kept pushing through it all. She was laughed at and made fun of, but instead it seemed to encourage her. It was theShow MoreRelatedWomen s Rights By Susan B. Anthony Essay1422 Words   |  6 PagesWomen’s rights have been a continuing political polemic since the beginning of time, having to fight for things such as the right to vote. The Declaration of Independence was signed in 1776, recognizing us as The United States of America and giving us our first official election in 1789. At the time only rich white males over the age of 21 who owned property could vote, totaling up to only 6% of the U.S. population. This began the long journey for women fighting for their right to vote. Susan B. Anthony:Read MoreSusan B. Anthony s Speech On Women s Rights948 Words   |  4 PagesSusan B. Anthony is considered one of the most influential female characters in the history of the United States, mainly, for her leading role in ending discrimination against women. Moreover, Susan’s arrest for casting an illegal vote in the presidential election of 1872 fueled her even more to fight for women’s rights until her last breath. As a result of this indictment, Susan gave her phenomenal speech on women’s right to vote, that did not only play a major role in ending discrimination againstRead MoreSusan B. Anthony And The Struggle For Women s Rights1369 Words   |  6 PagesSusan B. Anthony and The Struggle For Women’s Rights’ Susan B. Anthony was born to Read and Lucy Anthony in Adams, Massachusetts in the year of 1820. They were very big advocates of the abolitionist and temperance movement. The abolitionist movement was a movement that tried to abolish slavery in the United States and the temperance movement tired to reduce Americans’ usage of alcohol due to the violence associated with it. Read and Lucy Anthony held meeting in their home for members who supportedRead MoreSusan B. Anthony, A Leader Of The Women s Rights Movement1589 Words   |  7 PagesIntroduction Today, if women are asked about how they gained their full rights including the right to vote, most would recognize Susan B. Anthony, a leader of the women’s rights movement that never gave up. Born and raised in an outspoken Quaker household, Anthony believed from a young age that all should be treated equally despite their gender. She took after her father, who had radical views on issues such as temperance and slavery. Susan B. Anthony, a leader for most of her life, fought endlesslyRead MoreFeminism : The Advocacy Of Women s Rights On The Basis Of Equality1645 Words   |  7 Pages- the advocacy of women s rights on the basis of the equality of the sexes.† Throughout history women have been perceived as these docile,fragile,and inferior type of people. Men were supposed to be the ones in charge and women were meant to follow along. These women back in the day were conditioned to believe that their place was at home being a good little housewife to their husbands. W omen’s thoughts and opinions did not hold the same value as that of a man. There were women that were just fineRead MoreHistorical Female Leaders Exhibiting Civil Disobedience1295 Words   |  6 PagesHistorical Female Leaders exhibiting Civil Disobedience Susan B. Anthony lived in a time, 1820-1906, that lacked equality. Thus, She dedicated most of her life’s time to social issues (Susan B. Anthony†). Anthony was known in history as a suffragist and Women’s Rights activist and is recognized for her demonstration of nonviolent resistance also known as civil disobedience. Civil Disobedience is the refusal to obey governmental demands or commands especially as a nonviolent and usually collectiveRead MoreThe Heroic Of Women Rights807 Words   |  4 PagesThe Heroic of Women Rights In the early eighteen century in Canajoharie New York, Susan B. Anthony, a teacher discovered that men and women have different hourly wages. This commotion made Susan B. Anthony and other female to join the â€Å"teacher union to fight for equal wages.† (â€Å"SusanBAnthony† par.5) Nevertheless there was one problem, - Susan B Anthony continued to fight for the teacher union actively but she had to end her career as a teacher. Under the circumstances, Susan B Anthony had taken a roleRead MoreSusan B. Anthony : An American Icon1462 Words   |  6 PagesSusan B. Anthony Susan B. Anthony was a born a fighter she never stopped protesting the morally incorrect in her first years to her last she fought for equality. Susan B. Anthony is an American icon known for her work with the Women Suffrage Movement she influenced the American culture and brought all American women a better future. Her legacy sculpted feminism and helped the community pave the way to equality. Susan B. Anthony was born an activist her family being involved in the Anti-SlaveryRead MoreSusan B Anthony : A Strong Sense Of Moral Sense875 Words   |  4 PagesSusan B Anthony Susan B Anthony was born on February 1820, to a Quaker family in Massachusetts. She was the second oldest of eight children, and her parents were owners of a cotton mill. Sadly, two of the Anthony siblings died in infancy and only six of them grew up to be adults. Moving on with their life, the Anthony family moved to New York around 1826, and Susan was sent to a Quaker School near Philadelphia. Susan B Anthony returned home in the 1830s to help her family after the breakdown ofRead More`` What Is A Hero Without Love For Mankind `` By Doris Lessing1559 Words   |  7 Pagespursuit of reform, and those who are passionate about their work are the worthy, deserving heroes. In the aspect of encompassing said traits, Susan B. Anthony is the definition of a worthy hero. In 1820, Susan B. Anthony was born in Adams, Massachusetts, to Daniel and Lucy Anthony. Raised as a Liberal Quaker with sharp features and beliefs, Susan B. Anthony was prompted by her parents to be hard-working, confident, and self-sufficient. In 1846, she moved to Canajoharie, New York, where she accepted

The Worn Path Essay Research Paper A free essay sample

The Worn Path Essay, Research Paper ? A Worn Path? The narrative opens with Phoenix Jackson walking along the way through the pinewoods. She is transporting a thin, little cane made of an umbrella. The narrative so begins depicting her. She is have oning a ruddy shred, a # 8220 ; dark striped frock making down to her shoe tops, and an every bit long apron of faded sugar pokes, with a full pocket: all neat and tidy, but every clip she took a measure she might hold fallen # 8230 ; . # 8221 ; The narrative besides describes her # 8220 ; worn way # 8221 ; of a face. # 8220 ; Her eyes are bluish with age. Her tegument had a form all its ain of countless ramification furrows # 8230 ; # 8221 ; All of these descriptions show Phoenix as a individual who has weathered a great storm. A simple walk through an aired unfastened field is turned into an obstruction class full of imaginativeness and battle. The first heroic quality is the fact that she has overcome a big obstruction. We will write a custom essay sample on The Worn Path Essay Research Paper A or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In this instance, that obstruction is age. Bravery is another cardinal heroic feature that Phoenix possesses. The simple fact that she is more than 90 old ages old as is walking through a field take parting in what is described as childhood jokes. Phoenix has a huntsman point a gun in her face an vitamin D she doesn? t even blink an oculus. ? He laughed and lifted his gun and pointed it at Phoenix. She stood consecutive and faced him. ? Doesn? t the gun panic you? ? ? No sir, I seen enough travel off closer by, in my twenty-four hours, and for less than what I done. ? This shows a great sum of bravery, even to the extent of sloppiness. She overcomes all of the obstructions she encounters–no affair how big or small–with bravery and fortitude. At one point she has to mount over a barbed-wire fencing, which is no little undertaking for a adult female of her age. In order to do it past this obstruction, she has to â€Å"creep and creep, distributing her articulatio genuss and stretching her fingers like a babe seeking to mount the steps† Bravery entirely may non be epic. I believe that it becomes heroic when the couragesness of your determination goes beyond rational idea. One of the most of import of these accomplishments is the ability to speak herself through periods of trouble. She # 8220 ; negotiations aloud to herself # 8221 ; so as to give herself bravery to go on toward her end, to acquire the medical specialty that will relieve her grandson # 8217 ; s hurting. Her ain hurting becomes insignificant when she remembers the importance of her mission, and this is what makes her truly heroic.

Organisations and Budgetary Slack

Question: Discuss about the Organisations and Budgetary Slack. Answer: Budgetary Slack refers to the deliberate way of making up the budgetary numbers in favor of the preparer, by either over estimating the budgeted expenses or underestimating the revenue. This is more found in situations where the employees are given performance targets in numbers, their bonuses have a direct linkage with achievement of targets or Companys policy regarding promotion (Dismissal). In this case, the base of the budget numbers will be un-realistic or on a false projection. It can be intentional or unintentional. Intentional budgetary slack also arises when there are prior experiences of not achieving either reduced expenses or increased revenue. In budgetary slack, the risk factors considered might not be genuine and will result in employees behaving unethically. In these cases, budget figures will be easy to get but will reduce quality in performance. The budgeting system has been assumed to affect a managers propensity to create budgetary slack, in the sense that this propensity can be increased or decreased by way in which the budgeting system is designed or complemented (Amhed, 1994, p.12) The main reason of budgetary slack is due to involving subordinate in the budget making process. But if there is a proper communication and a qualitative talk between manager and sub-ordinate, the behavioral problems with subordinates can be avoided to some extent. On the other hand, if an employee achieves the numbers, that creates more inspiration and positive view. So, the budget should not be too unrealistic or too fictional. If it is based on the proven numbers and proper design of methods to achieve the results, the budgetary slacks can be dispensed with. For an employee, who is self- motivated, takes the numbers positively and work towards the same. He takes it more challenging in case the budgets are not achieved. However, for more numbers of employees (basically at the ground level), budgets are normally a big issue to tackle. They tend to search for more options to escape from it. They may provide false data when it is sought or a false feedback about the process/systems. Another problem is that it creates disappointment among employees. If an employee cant achieve the budget consistently he tends to un-trust the system and gradually leaves the organization. Therefore, the budget set on these wrong data, may not serve its purpose and ultimately end up in being a tool for making/(protecting) money for self -reasons and not for business improvement. In addition, even in case of managers, the budget numbers have to be revised time to time according to change in business/market scenario. Every budget activity has to be preceded by a comparison with the actual results. A lot of time would have to be invested in explaining the top management about the variance and its reasonableness. Potential advantages and disadvantages of participative budget in master budget preparation Participate budgeting is a activity in which the employees who are directly impacted by budget are involved in the budget making activity. It is basically a bottom line approach. Since the employees who are having hands on experience in the system are engaged in the budgeting process, the figures are normally achievable but lack a touch of strategic decision making. A budget can have a significant impact on human behavior. It may inspire a manager to higher level of performance. Or, it may discourage additional effort and pull down the morale of a manager (Jerry and Donald, 2000, p. 390) The major advantage of participative budgeting is that it will result in achievement of better results and improves motivation among employees. Since the employees know the data and conditions at the ground level, the quality of numbers will be high. Comparison of budgeted numbers with actual and reasonable check will be easy since the employees will be more familiar with the transactions rather than systems/policies. Since the targeted numbers are set by them, employees are confident and directed towards achieving it instead of being directed by the top management by their imposed budget The disadvantage of participative budget in the master budget making process is that it consumes a lot of time since more number of employees are involved. It may lack quality since the top managements perception about the data or conditions and their high level strategic decisions will be missing here. A main demerit of this process is the Budgetary slack. In case the outcome or actual result of the budget is negative, it may also result in the participated departments to blame each other. Since the relevance and use of participative budget in the master budget making process is important, a proper balancing between the related advantages and risks must be made and communicated to all the users. Advice to VGL Ltd and Milbourn Manufacturers Strategies to overcome temporary shortages of cash A properly designed cash budget helps in ensuring cash is available at the right time and right amount. It also helps to find out if money is idle and an opportunity to save cash exists. It helps to identify the temporary cash shortages in advance. The major strategy to meet temporary cash shortages will be arranging the overdraft from a Bank with whom Company is having tie up. In case of any surplus cash already invested, Company may tend to break the same. But, since these are normally invested in securities/fixed deposits where rate of return will be higher than that of short term borrowing it results in a cash loss. In those cases, a comparative study must be made on the opportunity cost of forgoing the interest income and the interest cost of borrowing. The best method to tackle the temporary cash shortage will be to get into the agreement with the bank to avail the overdraft facility. Here, Company need not have further discussion with the Bank each and every time it require cash and the interest will be charged on daily basis. Just as judicious management of short-term surplus funds can earn extra income for the firm, careful handling of short term deficits can lead to significant savings. The treasurers objective in this regard should be to minimize the overall borrowing requirement consistent with the firms liquidity needs and to fund these at the minimum possible all in cost (Prakash, 2008, p.543) Consequences of not having proper cash management If a proper set up for arrangement of temporary cash is not in place, the Company will end up in loosing extra money in the form of high interest or penalties. They will not be able to pay the creditors in time and there by loose goodwill. The quality of production is affected if raw materials are not supplied in time and employees are not given wages. A Company should always fix its optimum level of cash balance, which is again depending on the nature of industry or working conditions. It depends on effective cash management and borrowing capacity of the Company. Cash is the life blood of the business; In the day to day sense what matters for survival is the availability of adequate cash. For only cash can help the entrepreneur meet his maturing financial obligations. Failure to generate adequate cash can have serious consequences on continuing profitability and solvency of the enterprise (Patel, 2007, p.26) If at any time, Company fail to settle its cash obligations and it is declared legally, the Company will turn to be insolvent. Retaining employees in such situations become difficult. To conclude, as cash is the lifeblood of the business, it must be managed effectively and the shortages must be met well, howsoever small it is. Consequences of carrying surplus cash Having surplus cash in a Company denotes that the management does not know how to manage the Cash. It will create a bad impression in the investors mind. The investors can hardly find out the reason for investing their money in the Company when there is not much changes in the Cash balance between two consecutive accounting periods. The main issue with having surplus cash is the opportunity cost connected with the forego of income from investment. A Management holding too much cash may tend to be more careless about its management. There will not be much pressure of performance. The benefit of investment is that the cash is not lying idle and the firm earns a specific return. But the problem is that making of such investment or disinvestment in order to get the cash back involves a transaction cost or conversion cost. If on the other hand, no such investment is made, such conversion cost does not arise, but there exists an opportunity cost in terms of interest foregone (Sharan, 2012, p173) Some organizations consider having surplus cash as symbol of strength, but having too much cash not put in use actually hurts. Preparation and analysis of environmental cost report Strategy for prioritizing spending on environmental cost categories to reduce negative outcomes For implementing an effective strategy on the spending on environmental costs, management needs a specific idea and information about the nature of Companys products and operations. The definition and classification of environmental costs within a Company is depending on how the information is intended to be used. Since the environmental laws and procedures are ever- changing and the environmental management is critical, a pro-active management should recognize the requirement for integrating the environmental strategies into the main decision making. The four major categories of Environmental Costs are (a) Prevention Costs (b) Detection Costs (c) Internal Failure Costs (d) External Failure Costs. The intensity and sensitivity of these costs are different from each other. Out of the four, external failure costs are more challenging and sensitive. Organizations tend to define environment related costs differently depending on the intended use of the cost information, the organizations view of what is environmental, the organizations economic and environmental goals and other reasons (Schaltegger, Bennett, Burrit and Jasch, 2008, p.329) Many established organizations especially in Industrial sector, have already understood the importance of Environmental cost management and is enjoying the benefits out of it. Non-Compliance of environmental laws could lead to huge fines and penalties and loss of goodwill. The society expects the Companies and products should be environmental friendly. Therefore, a best method of environmental cost management which define the proposition in which these costs and spent and analyzed should be implemented. A proper prioritization of spending on environmental costs is needed to ensure that the best is made out of it. For example, spending effectively on prevention and detection costs will bring a big reduction on the failure costs. In case of Milbourn Manufacturers, the cost spent on Testing for contamination is $ 28,000 (Detection Costs) and they end up in paying $ 260,000 on Cleaning up the contaminated soil (External Failure Costs). If a proper study is made before spending on environmental costs, the investment on testing for contamination would be more and the result will bring out the best possible method of production to avoid failure and end up in spending on the cleaning cost lesser. Generally, the environmental costs are reported along with general overheads. A separate reporting of these costs and a further analysis of the same with respect to the total income/total costs or allocation of the same into cost objects will help to identify the crucial relationships between environmental costs and related products/process. A comparison of the costs should be made with that of previous periods, other divisions of the Company or other organizations in the industry. While preparing the specific report on environmental costs, attention must be also given to qualitative /non-monetary measures which portray the Company as more environmental friendly. References Amhed, R. (1994) Organisations and budgetary slack, London: Quoram books. Apte, P. (2008) International financial management, New Delhi: Tata McGraw-Hill Publishing Company Limited. Jerry, J. Paul, D. Donald, E. (2000) Managerial Accounting Tools for business Decision making, USA: John Viley Sons Inc. Patel, V.G. (2007) When the Going Gets tough strategic responses to Business crisis, New delhi: Tata McGraw-Hill Publishing Company Limited. Schalteggar, S. Bennet, M. Burrit, R. L. and Jasch, C. (2008) Environmental Management Accounting for a Cleaner Production, UK: Springer Science. Sharan, V. (2012), Fundamentals of Financial Management, India: Dorling Kindersley (India) Pvt Ltd