Blake Electronics
Version 1: September 17th, 2014
Presented by:
Case Study for Blake Electronics
Company profile
Blake Electronics was founded in 1979 by Steve Blake. Based in Long Beach, California, Blake Electronics manufactures various types of electronic components including resistors, capacitors, and inductors. Blake Electronics supplies components to companies that manufacture more complicated electronic equipment.
Total annual sales increased $8M between 1992 and 2002
More than 200 highly skilled employees by 2002
Began seeking government contracts for electronic components in 2000
Business situation
By 2007 Blake Electronics had overextended itself and was unable to consistently fulfill all orders. As a result the
…show more content…
Given a successful venture, the odds of a favorable survey result from I&W are 90%. Conversely, given an unsuccessful venture, the odds of an unfavorable survey result are 80%.
Discussion Questions
1. Does Steve need additional information from Iverstine and Walker?
2. What would you recommend?
Solution
Blake Electronics can choose to either take the Master Control Center to market or abort the project. If they choose to move forward with the new product they have three options; hire MAI to perform market research, hire I&W to perform market research, or utilize the best estimates of the in house research team.
If Steve chooses to abandon the project the EMV is $0.
The expected value of utilizing his in house research team is $700,000. This value was derived from the following calculations:
Projected Increase in sales = $2,000,000
Manufacturing costs = $500,000
Total increase in sales = $2,000,000-$500,000 = $1,500,000
Probability of MCC success = .6
Probability of MCC failure = .4
EMV = .6($1,500,000) + .4(-$500,000) = $700,000
Data used to derive the EMV for MAI can be found in the table below Marketing Associates, Inc | | | | Outcome | Favorable Survey | Unfavorable Survey | Total | | Successful Venture | 35 | 20 | 55 | | Unsuccessful Venture | 15 | 30 | 45 | | Total | 50 | 50 | 100 | | | | | | | | | | | | State of Nature | Conditional
We have tried to find the expected final monetary value (final output, in the graph Figure 1) by varying the cost of survey charged by the law firm keeping the accuracy constant at 0.9. Without considering the impact of fees charged by the law research firm, the cost of survey should not be greater than $ 0.9 million
The results were intriguing as there were large individual differences or variation in responses. However nonetheless what was evident was that 25 percent of participants remained independent throughout the trials, another 50 percent conformed to the erroneous majority in 6 or more trials and another 5 percent conformed on all 12 trials. Therefore the average conformity rate was 33 percent.
• Provide at least two examples or problem situations in which statistics was used or could be used.
A knowledge of bias will help you to understand which results are worth using for your business (Ayres, 2009).
The reporting party is (RP) Ophelia Larose the grandmother of the foster child Aniyah Blake. The RP stated she and the biological mother had a visit with Aniyah on 6/19/15. The RP the foster father (Mark Cannon) did not bring food or diapers for the visit. When foster father was asked about the missing items the foster father replied "the FFA did not provide me with them when they dropped Aniyah off." The RP stated the child appeared very hungry and the bio mother provided the child with a bottle and diapers. The foster child had a diaper rash according to the RP. The RP got the impression the foster father did not want to participate in the
Average salary per employee is equal to 100k and a number of participating employees which has 50 employees per each of the 4 waves. The consulting cost is that 15400 per month._
*A change in the project specifications after the freeze date was agreed up on in the contract. These changes created a domino effect of problems. This was in violation of the contract with BAE which stated there would be a number of freeze dates for mechanical design, software design, and permanent power.
owners have found that demand for their product has outstripped their ability to supply it. They
* Adamac Inc. has grown significantly to a point where the organization is unable to meet current demand and is struggling to maintain their position as a quality producer in the unstable manufacturing industry.
So with business going so well for Solectron, how did everything go wrong for the company starting in 2001? Revenue fell from $6.5 billion in 3rd quarter 2000 to $2.2 billion in the same quarter of 2001. The company laid-off 20,000 employees; its stock plummeted; it was faced with plant closures, excess inventory and reduction of floor space. Was it a case of poor planning and management or just the company a victim of an economic downturn? This case analysis will explore what Solectron did wrong and what they could have done and offer some suggestions. It is also interesting to note the Solectron foresaw a pending boom in the Asia (China & India) markets and that if it was able to weather the prevailing storm, Solectron stood a chance of rising up again and succeed.
7.0 Budget Estimate and Financial AnalysisA preliminary estimate of the cost for the entire project is $200,000. This includes the hire of a temporary project manager, and the hours used by current employees to work on the project. Project savings comes in the form of reduced health insurance cost due to a healthier workforce that makes fewer claims.
Secondly, the company's growing complexity was choking it and was a big cause of concern. Adding more bricks made products harder to assemble, forecasts harder to determine, and inventory harder to manage. The complexity had a multiplier effect that went through the entire supply chain
Once they analysed what were the main issues that led the company into that situation, two were the main problems. First of all, the product portfolio was unprofitable, more than the 94% (Breen 2013).
Recent quality related issues have put Samsung Electronics, one of the world’s largest technology companies at risk. These quality concerns, spiked through recent recalls and external complaints, have generated a flow of bad news coming to the desk of quality director Kevin Sarni. The issues most commonly found within the complaints related to display issues, customer service support, faulty electric components, audio, and safety. Of the main issues, display and customer service support appeared to be the most detrimental. Once the patterns and themes became visible, Samsung and its quality director Kevin Sarni were challenged with immediately identifying root causes. This was
William Blake was a writer and a painter in the late 1700s and early 1800s whose imagination was untamed and incomprehensible to most ordinary people of his time. Blake was different from most writers of his who were trying to be famous and get people?s attention. Everything Blake did was for himself and he was not willing to change for money or popularity. William Blake is often considered to be insanely genius because of his transition to a new literary era, known as Romanticism, and for his depictions of life from the viewpoints of a child and an adult.