Bob Buckman certainly had the right idea when he created and implemented the K’Netix Information System. Utilization of the knowledge bank of individuals and then sharing that information with all of the employees within the organization proved to be one of the key components that distinguished Buckman Laboratories from its competition. However, in a market where knowledge management systems are more common, Buckman Laboratories will need to find a way to remain competitive. One way to achieve this would be to expand the function of the K’Netix system. In addition to being a knowledge sharing portal between all employees within the company, the system could also keep track of the client’s inventory. It could alert the dedicated sales person for that particular client, that the client’s inventory levels were low. The sales person would then contact the client and verify what products the client indeed wanted to reorder. This action would lead to customer satisfaction and retention. Going one step further, the K’Netix system could even be interfaced with the client’s information system, and automatically re-order the products when the inventory reached a certain, pre-determined level. If the client’s information system was linked with K’Netix, the clients would have access to the information data sheets for each chemical. They could also use the system to ask questions directly, eliminating the need for the sales person to continually be in the loop (and decrease costs). This action would allow the sales person to do what they do best: sell the product. The client would feel more empowered since they had access to a wealth of information. K’Netix is a system that has proven itself over the years, even though the costs continue to rise. Keeping with the customer service concept that Buckman developed years ago, K’Netix can continue to be profitable, if applications are added to the system that increase its value.
In this case we get an entire scenario about how the Japan deflation set in, what were the effects of the deflation on the economy as well as on the people of Japan. It also mentions about the various reasons because of which Japan was in such a tight grip of Deflation, Depression, Demographics and Debts Guides us through the steps taken by the government in order to curb this deflation. Imparts a great knowledge to us about the various economic terms like deflation, self-liquidating credit, Non-Self Liquidating Credit and how the people and economy of a country is affected by these.
Free markets economies are subject to cycles. Economic cycles consist of fluctuating periods of economic expansion and contraction as measured by a nation's gross domestic product (GDP). The length of economic cycles (periods of expansion vs. contraction) can vary greatly. The traditional measure of an economic recession is two or more consecutive quarters of falling gross domestic product. There are also economic depressions, which are extended periods of economic contraction such as the Great Depression of the 1930s.
From 1991 through 2001, Japan experienced a period of economic stagnation and price deflation known as "Japan's Lost Decade." While the Japanese economy outgrew this period, it did so at a pace that was much slower than other industrialized nations. During this period, the Japanese economy suffered from both a credit crunch and a liquidity trap....
Mary Roberts had been with the company three years when she was promoted to manager of the tax department which was part of the controller’s division.Within four months she became a supervisor of ten staff accountants to fill a vacancy.Her superior believed her to be most qualified individual to fill the position.
Many senior employees resent her that she so young to fill the position and what made them more upsets was the fact tax managers did not discuss the promotion.
1.What can Mary Roberts do about the resentful senior employees?
Mary should tackle this head on she should be direct and assertive about her expectation and when people are crossing the line that means she need to be clear with people when their behavior doesn’t meet her standards and she need to be willing To set and enforce consequence if it doesn’t change
2. Can higher management do anything to help Roberts make the transitions to greater responsibility?
Yes, because they are the one who put her in that position of course they will help Mary interms of guiding it `.
3. Will her lack of technical knowledge hinder Mary’s managerial effectiveness?
No, because lacking on some aspects on technical knowledge cant bankrupt or destroy a company as long she have a guts to face and accepts failures
4. Should Mary’s superior have discussed the promotion with the senior employees before announcing it?
No, because its not their obligation...
...February of 1999. In the past four months, the NC design had developed
sustainability. The Bostrom alliance agreement for the truck market had been concluded. The
question about Elio's strategy for the entry into automobile still remained. Should Elio's joint
venture with Bostrom? Should it partner with a tier-one or a tier-two automotive supplier?
Was Elio's technology strategy aligned with the requirements for a successful entry into the
automotive market? Paul and Hari realized that they needed answers to these questions in
the coming days.
This casestudy discusses the start-up, origins and strategic options facing an innovative set up
and start up in automotive market and in the seat design. With the domination of the
incumbent large suppliers serving the top 3 leading tier-one automakers of U.S.,
Engineering faces several challenges as it seeks to introduce its new seating technology to the
market. The case can serve as vehicle to discuss important themes such as technology and
business strategy, invention and innovation, bringing technology to market and profiting from
Elio's should make a joint venture with Bostrom. Elio's has made a seat design naming "No
Compromise" with progress on cost, weight and performance compared to the conventional
design and also the existing all-belt-to-seat (ABTS). After many functional prototypes and
computer aided structural analysis, a perfect design...
...proper citations, references, and appendixes.
The coursework write up must be able to demonstrate critical analysis and application of both theory and practical issues to the company that you have selected.
Student may include additional relevant data/information apart from the proposed guidelines in conjunction to your research. Additional marks will be awarded for such attempt.
Your coursework should be minimum 2000 words.
You should bind your coursework with the coursework cover as the 1st page.
A CD containing the softcopy version of your coursework should be submitted as well (if required).
Students have to use APA referencing style.
Read through the following casestudy carefully before answering the questions. This is an individual assessment.
Read through the following casestudy carefully before answering the questions.
MARY KAY'S EC SYSTEMS
Founded in 1962, Mary Kay (marykay.com) has about 1.8 million consultants selling its cosmetics and fragrance in 34 countries. In 2008, the company had about $2.4 billion in wholesale sales. As a company that has based its reputation on personal contacts in door-to-door visits and home gatherings, one might think that Mary Kay would not benefit from EC. Actually, the opposite is true. Currently, more than 95 percent of Mary Kay's independent salespeople place orders via the internet.
The cosmetics market is very competitive, but it...
...Unit six Written Assignment
MT435 Operations Management
May 31, 2013
We will be looking at Albatross Anchor and they long and short term operational goals that can help to gain a sustainable competitive edge. We will look at the four operational issues and what components about them need to improved in order to run more efficiently.
Carefully review the assignment scenario/casestudy. From the limited information in the scenario/casestudy, along with your answers to the unit three written assignment, identify at least three direct and specific long-term and three direct and specific short term operations changes that Albatross Anchor must make to gain a clear and sustainable competitive advantage (provide detailed information to validate and support each recommended change)
Long-Term Operational Changes
(01) Capacity and facilities changes are a much needed long term goal that needs to be set. The plant is outdated, dirty and is no longer up to US safety standards. The design of the plant is unorganized and does not flow easily. With the way things are set-up now, it may actually cost them more to run the plant then if they were to update the plant to run more efficiently. The flow of the design is important in efficiency and in lowering everyday costs; they could raise the scale of operations.
(02) New equipment and updated...
...CaseStudy: The Revere Group Michael Parks And Todd Miller, building better employees through career-pathing
Southern New Hampshire University
1. Referring to the needs of hierarchy, ERG, and manifest needs theories, describe what motivators The Revere Group concentrates on.
The Revere Group is a national leader in effectively helping organizations remain innovative by revamping their processes. They successfully transform businesses at the critical point in its evolution. That is its ability to change while moving from yesterday’s principles of operations to futuristic forward thinking. They (The Revere Group employees) are the litmus test for the model they present to clients. The Revere Group is heavily invested in its human capital. Therefore, of the four Conventional Motivation Theories, it would appear to me that the “Manifest Needs Theory” is what the Revere Group concentrates on. The Manifest Need Theory is a personality based approach to motivation. The Individual aspires to accomplish difficult tasks, and is willing to work toward distant goals and willing to put forth effort to attain excellence. “Our employees are grounded, in teamwork, integrity, service and accountability” (Luissier, 2010, p. 340).
2. How might expectancy theory explain The Revere Group’s success in hiring and retaining productive employees?
The Revere Group has maintained high employee retention. They firmly believe in training employees...
HOW DOES BRAND IMPACT ON CUSTOMER LOYALTYIN TH UK FASHION INDUSTRY? A CASESTUDY OF RIVER ISLAND
Prepared by: Mian Ali Shan
Student ID: L0459KKKK0412
This dissertation is submitted to the Cardiff Metropolitan University for the award of the BA (Hons) in business studies.
The study is based on a casestudy of River Island from which I will be collecting the primary data. The purpose of this research is to show the impacts of brand on customers that how brands are loyal to the customers and how necessary it is for an organisation to be loyal to its customer?
The research focuses on how companies maintain loyalty with its customers and how they make profit out of them? To be able to get the deeper idea and to understand this research, this study has shown the strategies of customer loyalty, have explained and introduced specific activities which keep customers loyal. Furthermore benefits generated from maintaining customer loyalty has been show, which includes both for the company and customer as well.
Researcher has used both the quantitative and qualitative methods because it will be helpful in the research with much amount of data to be collected. While using the primary data researcher have structured a questionnaire which was provided to the staff and interviewed the management. Secondary data has been collected from...
THERAC – 25
Aaron James Uy Timosa
BSIT – 4
The Therac-25 was a radiation therapy machine produced by Atomic Energy of Canada Limited (AECL) after the Therac-6 and Therac-20 units (the earlier units had been produced in partnership with CGR of France). It was involved in at least six accidents between 1985 and 1987, in which patients were given massive overdoses of radiation, approximately 100 times the intended dose. These accidents highlighted the dangers of software control of safety-critical systems, and they have become a standard casestudy in health informatics and software engineering.
WHAT WAS THERAC -25?
Therac-25 was used in the treatment of cancer. Its purpose was to provide radiation to a specific part of the body and hopefully kill the malignant tumor. The Therac-25 was the third system created under the Therac name by the Atomic Energy of Canada Limited (AECL). The AECL is most famous in Canada for their creation of the CANDU reactors which are world renowned. A Therac-6 and Therac-20 were both used in the treatment of cancer. The number that goes along with the word Therac stands for the maximum amount of mega electron volts (MeV) the machine can dispense. It was believed that the new Therac-25 was much more efficient than Therac-6 and Therac-20. The overall size of the machine was reduced and still allowed for two modes; photon mode and...