Case 1: Corwin Corporation
Table of Contents
Summary of Findings…………………………………………………………… 3
Background Information……………………………………………………….. 3
Problem Statement……………………………………………………………… 5
Analysis of Alternatives………………………………………………………… 5
Detailed Recommendations……………………………………………………. 6
Implementation and Evaluation……………………………………………….. 7
References……………………………………………………………………….. 9
Case 1: Corwin Corporation
Summary of findings
This case is about a reputed rubber component manufacturing company that has a conservative and risk-averse culture. But they accepted a project from their client, Peters Company without making a deep research as they don’t want to lose their relationship. This project was more than what the
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The first best alternative would be to stick to their organization’s policy. Joni Seeber in her article about project selection criteria mentioned “Quitting and quitting fast is often the best project selection practice” (Seeber, 2011). Corwin should have had the senior management involved in the decision making process as a part of their organization’s policy which might have led to dejecting Peters’ proposal. The second best alternative is to concentrate on the details of the project. Corwin should have not accepted a fixed-price contract as they were unfamiliar with that practice. In a fixed-price contract the risk factors are higher for vendors when they don’t have a precise project blueprint. A company generally accepts a fixed price contract only when it is absolutely certain of its outcomes, no relative risks are involved and the clauses of the contract are explicitly presented, thus having no room for surprises later. The third alternative is to have had an experienced and skillful person to be nominated as the project manager. If this was done, detailed research would have been made on the products used for the product with complete specifications. It would have not given the
Facts: In 1952 the United States was in a conflict in Korea, and the demand for steel
In today’s 21st century, it takes good ethics for every company to strive competitively to maintain as the best top competitor in their industries; and has its provocations of smart goal as to how successfully they anticipate their business to function, when it comes to finances, attracting and recruiting employees, begin an admirable corporation to citizens, and while showing customers and employees love, courteous, and appreciation. Companies forestall unethical behavior of bad reputation to uphold the organization values. These atrocious speculations can permanently cause decreased revenues and will degrade the company name, sometimes irreparably damaged.
For all responses to each assignment, provide the rationale for your answers and any assumptions that you are making.
The case involving Birch & Davis International, Inc., and Warren M. Christopher, the United States Secretary of State was decided on September 13th, 1993. The case involved procurement procedures conducted by the Agency of International Development (Open Jurist). The issue centered on exclusion of bids made by Birch & Davis International, Inc. Birch challenged the exclusion to the General Services Administration Board of Contract Appeals and they decided that the actions taken by the agency were fair. The case got to the Federal level when Birch appealed the decision by the board.
• In this case Deloitte & Touche Consulting Group was tasked to come in and consult with SKS Manufacturing, an auto supplier, in order to fix their inventory problems along with other issues the company was facing. Maria Chen would lead part of the team for her first time on this 12-week engagement, but would in occur some difficulties throughout the first 6 weeks of the project. The Deloitte team has a lot of work to do before the end of the engagement in order stabilize the company and prepare them for a more radical long term project that plans to “reengineer” their business process. Most of the responsibility for the slow start on the project is resting on Chen’s shoulders due to the choices she has made during the first half
Case Study of case 69 A.D.3d 413: Yun Tung Chow vs. Reckitt & Colman, Inc.
In the above case study the ethical dilemma is whether to give the contract to company A which is a fair option among the two or give the contract to company B because it is run by Nirmal’s friend Devraj.
Bart J. Van Dissel and Joshua D. Margolis’s Martha McCaskey, is a case study about Martha McCaskey, a young, inexperienced graduate in her first full-time job facing an ethical dilemma. McCaskey has to make decisions between promotion from successfully completing a project but conflicting her ethics and professional integrity and alienation from losing 20% of the division’s total revenue and future businesses due to failure of completing the project. To further analyze the case and derives ideal solution, we should understand that McCaskey is not the only major stakeholders influenced by the event. Other major stakeholders and their problems have to be identified. By understanding goals, concerns a problems of each stakeholder, we could then conduct analyses of alternative solutions in order to derive recommended solutions for McCaskey.
Elizabeth Blackwell showed herself as a dedicated and diligent doctor during five years of work in Neurological Associates, and made a significant contribution to the profit margin of the partnership. The partners were delighted with hiring Blackwell in 2005 and they introduced her to medical physicians at a conference. But the referral base Blackwell went through was not the result of that investment by the partnership but instead it was the evidence of her professionalism in neurological sphere.
2. Determine the project benefits, organizational readiness, and risk culture of the company in the case study. Provide justification for your response.
A few weeks earlier, John M. Case, board chairman, president, and sole owner of the
“The considerations of practicality and principle discussed … above appear to support the respondents ' case, namely that a bribe or secret commission accepted by an agent is held on trust for his principal. The position is perhaps rather less clear when one examines the decided cases … However, to put it at its lowest, the authorities do not preclude us adopting the respondents ' case in that they do not represent a clear and consistent line of authority to the contrary effect. Indeed, we consider that, taken as a whole, the authorities favour the respondents ' case.” (per Lord Neuberger in FHR European Ventures LLP and others v Cedar Capital Partners LLC [2014] UKSC 45 at [46].
CEO John McDonough decided on making acquisition of Calphalon and Rubbermaid, which influent shareholders’ confidence.
FoxMeyer should not have implemented the project on the basis of escalation that the project would save the company revenue. All the project factors needed to be considered. The project vendor and consultants should not rely on history of successful projects but careful analysis of each company before implementing a project.
The legal aspect of every contract in business requires critical analysis for every term in accordance to the specifics upon which both parties are involved. The reason for analyzing such terms carefully is because it can become a crucial part in determining the decision making when addressing any business problem. This is generally more important from the perspective of the company management because some situations can result in high intensity and significance for the company. Analyzing the terms of a contract will help avoid any inappropriate or insufficient conclusions when presenting a final resolution in times of a dispute.