Bennett's Machine Shop

One assumption that should be clearly analyzed is that the collection period is of 30 days net. Not always customers have the ability and willingness to pay off their debts in 30 days, some may take more time, and some could incur in bad debt.

Joe emerged his business by perusing his desire to run a business on his own. Together Joe and Larry took the risk and began Bannes-Shaughnessy Inc. in 1972 (Katz, 2011). Despite their prior experience and low amount of capital they began with, within five years they had received their first million dollar contract, proving their existence. From here on out their firm grew, so did their success, and in turn were helping the community. Joe was compassionate and his work and business reflected that. Their families were benefiting from their success as well as their own lives. They were perusing their dreams, and once Joe became the sole owner, he was able to take the business to the next level. It is as if he was beginning the growth stage again within his own company, he could now continue on focusing on the expansion and diversification of his

For my interview I decided to interview my father, Joe Malich. Joe has owned three businesses, Malich Motors, Powerboats Northwest, and The Boat Shop Northwest. His most recent business is The Boat Shop Northwest which is a small boat store compared to Powerboats Northwest which filled bankruptcy in 2009 after the economy crashed. For the purpose of this interview I asked questions based around Powerboats Northwest because it was a bigger company and as an owner he had more employees. Growing up he sold anything he could get his hand on to make money whether it is motorcycles, jet skis, or cars. Eventually in 1997, he opened Malich Motors and was successful in the car industry w but decided to do something no one ever thought of in the northwest,

▪Jennings asks too much of his employees sometimes. He will ask them to do things that are not in their job descriptions; such as get him coffee and pick up his dry cleaning.

As Andy continuously bullies employs they get demoralised and were unable to give their 100% to their work because of his fear and negative critics.

Poor communication between management – when the management didn’t communication with their employees it cause then to have low motivation, low loyalty, and high turnover because most of the employees didn’t know what to do or how to do it.

Why did Hampton repurchase a substantial fraction of its outstanding common stock? What is the impact of this repurchase on Hampton's financial performance? Critically assess Hampton's dividend policy. Do you agree with Mr. Cowin's proposal to pay a substantial dividend in December?

The job design and the motivation are not self-sufficient to increase the productivity and they require an organizational structure to further coordinate organizational activities. Organizational structure, through its chain of command, coordinates, motivates and monitors employees.   Buchanan and Huczynski (2010) argue that the structure of the organizations serves 3 functions:

In addition, Craig fails to use his managerial position to delegate second level tasks to others, who are capable of handling those tasks. By focusing on second level tasks, Craig loses time and effort that could have been used to accomplish important tasks. When individuals at work focus only on what is urgent rather than what is important, organizational problems such as poor delegation which was previously mentioned, poor organization at work, and weak organizational hierarchy tend to occur. In this case, poor delegation of tasks makes it difficult to organize work activities within the company. Poor organization makes people less efficient and less effective. Less efficient and less effective individuals lead to weak organizational hierarchy. A weak organizational hierarchy can lead to a decrease in the overall productivity of the company.

Ralph suggests building only one section at a time – cellular manufacturing. In this case the operation becomes so small that the planning and control system designed by Joe becomes redundant.

“While I was working with about 10 contractors who worked out of their homes, I also had two employees working out of my house, which violated my county’s regulations as you were only allowed to have one employee. A neighbor reported me to the county and I was given 30 days to move the business. I received an extension for 45 more days, hired five more employees, and then we all moved into our first office space together. That was three offices ago. I look at every challenge as an opportunity to grow and just make it work. Believe me, if I didn’t have that outlook on life, I wouldn’t be in business today!”

This paper aims to support Natalie York, the operations manager at Harnswell Sewing Machine Company (HSMC), in her intent to improve product quality in the company. In addition to analyzing production process data of half-inch cam rollers and explaining the results, this paper also gives advice on which actions Natalie should take and how she should approach the CEO and founder of her company.

Unreasonable deadlines or extreme time pressure, sometimes management can give employees numerous works in the morning and want it back by the end of the day. You can get so overwhelm because of the time pressure you become stress and can make mistake that can cause the company.

However his ineffectiveness is evident from the fact that despite making plans about writing a proposal about "Custom Chip manufacturing documentation problem" he was unable to accomplish it and he forgot to acknowledge his subordinate Bill on his fifth anniversary in the company. He also forgot to fill in the appraisals sent in by the HR manager showing his lack of self organization. As Mary Parker Follet describes "The first essential of business success is the capacity of organized thinking" . So he was not an effective organizer. He was not able to convince his Boss to hire new employees showing his lack of persuasion and fear of rejection. He also thinks that his judgments are best ones and

account all employees’ opinion he did not took the accurate decisions. As a consequence, it is