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Managerial decisions are seldom made in a vacuum. Managers rely on input from others in the organization, an analysis of the situation, consultations with other managers, a review of the internal and external environment, and a recognition of the impact decisions have on the business. Keep in mind that a seemingly small, insignificant decision made in haste today can produce a contagion of issues and problems in the future.

Take a look back in history and examine the catastrophic sinking of the RMS Titanic in 1912. For the first discussion response, answer the question, “Why did the Titanic sink?” Please remember to be thorough and explain clearly. Your first response will “Well, duh, the Titanic hit an iceberg”, but that is not what I am looking for.Use the 5 Why Approach.EX: Toyota offers of a potential 5 Whys that might be used at one of their plants:

  1. Why did the production line stop?The circuit has overloaded, causing a fuse to blow.
  2. Why is the circuit overloaded?There was insufficient lubrication on the bearings, so they locked up.
  3. Why was there insufficient lubrication on the bearings?The oil pump on the production line is not circulating sufficient oil.
  4. Why is the pump not circulating sufficient oil?The pump intake is clogged with metal shavings.
  5. Why is the pump intake clogged with metal shavings?Because there is no filter on the pump?
 
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We discussed Probability Topics is last week’s lecture which is a measure that is
associated with how certain we are of outcomes of a particular experiment or activity.
Please select one of the following companies we discussed in our recorded lecture
which include:

1. Amazon
2. Gucci (clothing line)
3. BP (Petroleum company)
4. Walmart
5. Florida Oranges (Ag commodity)
6. CSX Railroad

Once you select a company please do an analysis of its company’s structure within the
following:

?Scenario Analysis—scenario analysis uses probability distributions to create
several, theoretically distinct possibilities for the outcome of a particular course of
action or future event. Does your company have a projected scenario analysis or
future plan? How is your company preparing for the future? Hint: also referred to
scenario planning within the industry circles.

? Sales Forecasting— remember a scenario analysis uses probability
distributions to create several, theoretically distinct possibilities for the outcome
of a particular course of action or future event. Forecasts are about the future. It’s
hard to overstate how important it is for a company to produce an accurate sales
forecast. Privately-held companies gain confidence in their business when
leaders are able to trust forecasts. For publicly-traded companies, accurate
forecasts confer credibility in the market—does your company perform some kind
of projected forecast? How do your company “predict” the future?

? Risk Evaluation—predicting future sales levels, probability distribution can be a
useful tool for evaluating risk. Risk evaluation is also the process of comparing
an estimated risk against given risk criteria to determine the significance of the
risk. Risk control – actions implementing risk evaluation decisions. Note: Risk
control can involve monitoring, re-evaluation, and compliance with decisions.
How does your company measure rick?

 
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The launch of Boeing’s newest aircraft, the 787 Dreamliner, was linked to heat-related problems in the past in various electronic supposed to be a triumphant moment in the history of Boeing. The devices. GS Yuasa said it could take months to determine whether Dreamliner set a record for booking the most advance orders ever the issue is limited to the battery or involves the jet’s entire elec recorded for a new airplane. Unfortunately, the path to glory has trical system. been marred by a problem with the planes’ battery systems. In Boeing’s supplier management system is complex, with multiple 2013, smoke filled the cabin of a 787 in flight, and another 787 interdependencies among international organizations, all of which made an emergency landing in Japan. Yet another 787 caught fire need to be carefully managed. For example, GS Yuasa’s batter. while on the ground in Boston. The Federal Aviation Administration les must link with the Dreamliner’s electrical power conversion (FAA) grounded all 787s shortly thereafter. It wasn’t just American system, which is manufactured by France’s Thales SA. United planes being grounded, All Nippon Airways Co., Ltd. (Tokyo, Japan) Technologies Corporation’s (Farmington, CT) UTC Aerospace and Japan Airlines Co. Ltd. (Tokyo, Japan) grounded their fleets of Systems (Charlotte, NC) unit supplies the overall power system for Dreamliners as well, and other carriers, such as Air India Ltd. (New each aircraft, which uses 1.45 megawatts of electricity, enough Delhi, India) and LATAM Airlines Group S.A. (Santiago, Chile), also to power 400 homes. Thus, although Boeing oversees its entire temporarily grounded theirs. supply chain, Thales SA originally selected GS Yuasa to supply the batteries Boeing worked frantically to isolate the cause of the battery prob- lems. The 787 was the first commercial aircraft to use lithium-ion The problems that Boeing faced turned the Dreamliner into some- batteries. GS Yuasa Corporation (Kyoto, Japan), a Japanese man- thing of a nightmare. The company’s stock price fell, and Boeing’s ufacturer, was the supplier. The company also supplied batteries backlog of some 850 orders for its aircraft was in jeopardy amid for the International Space Station and electric railcars. Lithium- concern about the plane’s safety. Moreover, buyers demanded ion batteries are known for their high-energy storage capacity, deep discounts because delivery schedules for the planes were low weight, and no memory degradation, but they have also been delayed.

Questions 1. Take a position on the following statement: “Boeing dug its own grave by outsourcing so much of the 787 to its supply chain. The firm could not possibly do an effective job of managing so many suppliers. Do you agree or disagree? Why? What are the advantages and disadvantages of Boeing allowing its suppliers to award contracts for their own supplies of the plane’s components? In your opinion, what is the moral of this story from a supplier management point of view?

 
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Insert the necessary apostrophes and corrections in the following sentences . For your answer , write the corrected word . If none were corrected , write C.

•In five years time, Lisa hopes to repay all of her student loans.
•if you got to the third floor, you will find Mr. Londons office.
•all the employees personnel folders must be updated.
•In a little over a years time, that firm was able to double its sales.
•The Harrises daughter lived in Florida for tow years.
•A patent protects an investor invention for 17 years.
•Both companies headquarters will be moved within the next six months.
•That position requires at least two years experience.
•Some of their assets could be liquidated; therefore, a few of the creditors received funds .
•All assistants workstations were equipped with Internet access.
•The package of electronics parts arrived safely despite two weeks delay.
•Many nurses believe that nurses notes are not admissable evidence .
•According to Mr. Cortez latest proposal , all employees would an additional holiday.
•Many of our members names and addresses must be checked.
•Mr. Jackson estimated that he spent a years profits in reorganizing his staff.
After paying six months rent , we were given a receipt.
•The contract is not valid without Mrs. Harris signature.
•It was Mr. Smiths signing of the contract that made us happy.
•His supervisor frequently had to correct Jacks financial reports.
•We believe that this firms service is much better than that firms.

BUSINESS COMMUNICATION

 
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