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After watching the Defective Airbag Maker Takata Faces Grilling on Capitol Hill video, imagine you are the CEO of Takata and you receive notice that there have been several defective airbags that resulted in death or severe personal injury. You order a data/risk analysis to be performed, providing you with a report of the potential costs associated with a recall versus the potential costs associated with victim litigation. The data suggests that the ratio of defective airbags to total airbags in use is very low and that it would be less expensive to pay litigation costs for the injured victims than it would be to launch a massive recall effort. You have an obligation to your shareholders to generate profits and you understand that a recall could ultimately bankrupt the company.What would you do? Why?
First post your initial response answering the questions above (150-200 words).
Many organizations offer a combination of goods and services to their customers. As you learned in Chapter 1 there are some key differences between production of goods and delivery of services. What are the implications of these differences relative ..
Of the four primary management functions organizing usually precedes planning. Planners need not have significant practical experience within the organization if they have good human relations skills. The high failure rate of new businesses seems pri..
It may not necessarily be OSHA or EPA, it could be another agency. Along with this, what compliance efforts do you foresee as being the focus of an organization's efforts in this industry and why?
How does knowing the customer drive business success? How would you evaluate VALS survey as a method of market segmentation? What types of products do you think would be most helped by VALS?
Explain how much safety stock provides a 95% service level to Thomas. Illustrate what should the reorder point be.
What are the current strengths in the organization's IM/IT investments?
You are a business continuity manager ... Look ahead at potential changes in the coming 12 months and what these might mean for existing business continuity plans. Will the strategies in place in 2016 remain fit for purpose, or will some reworking be..
Discuss challenges companies have in executing Sales and Operations Planning and achieving their performance measures.
Considering the concept of product life cycle, where would you put video games in their life cycle and should video game companies continue to alter their products to include other functions, such as e-mail
Compare and contrast Deming's approach to Juran's approach to quality improvement.
Crisis management is a very important function of any type of organization including for-profit firms, nonprofits, governmental entities, and others. Identify with an example of an organization that faced a crisis of some type that was highly publici..
Build an Analytical Tree. Flowcharting tools are available in both Microsoft PowerPoint and Word. For the flowchart, use the shapes and the line tools for the connectors. For titles and labels, simply insert textboxes. The logic flow of your analytic..
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