Preview

Management and Key Success Factors

Good Essays
Open Document
Open Document
567 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Management and Key Success Factors
Question 1
What are the key success factors for Motorola’s ASIC Division? 1. Motorola has ability to adapt changes in the industry and provide new products. 2. Motorola establishes Product Development time. 3. Motorola has a strict Quality assurance measures. 4. Motorola introduces production system and plant designed to fit the needs of the division. 5. Motorola has a shorter development to manufacturing cycle.

Question 2
Does a traditional standard cost system address these key success factors?
The traditional standard cost system was introduced for old style or traditional production system. Because of the dynamic changes, rapid volume production, number of different outputs of the ASICA, division doesn’t fit into the framework of the current accounting system. When we use the traditional system, it was a functional based accounting system. But when we use ASIC, it needs a product oriented accounting system. In some conditions, functional based accounting would not be a meaningful measure for ASIC division. Nowadays, variance was detected too late. It related the variance to a specific product or to look for the cause and correct the problems was not good under the traditional system. The wider time frame of monthly variance, production system will fail to account for the accumulation of positive and negative variance.

Question 3
What are good measures if these key success factors?
To decide on a measure or a scale for a success factors for any industry is a hard task to do. As an industry outsider, deciding on the base measure for success of a dynamic production plant is a daunting task. Particularly, setting a standard that is reasonable in terms achievability and reasonability is difficult. Industry specifics will vary for each and every measure and largely depend on each product.

Wider standards, defined by corporate strategy will be the best way to approach setting the measure for ASIC division. Setting the standard

You May Also Find These Documents Helpful

  • Good Essays

    Apush Chapter 9 Summary

    • 1702 Words
    • 7 Pages

    Only about 1/4 of the adult white males in the country (mainly those with land) had voted for the ratifying…

    • 1702 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    1.0 Production System.................................................................................................iii & iv 1.1 Inputs 1.2 Transformation of Inputs/Processes 1.3 Outputs 2.0 Decision Making............................................................................................................v 2.1 Strategic Decisions 2.2 Production, Planning and Control Decisions 3.0 Process & Product Strategy................................................................................vi & vii 3.1 Stages for introducing a new product 3.2 Technology Resources 3.3 Human Resources Used In Production & Impact of Technology on HR 3.4 Process Flow 3.5 Capacity 4.0 Facilities Strategy.................................................................................................viii & ix 4.1 Location 4.2 Factory Layout 5.0 Quality Strategy................................................................................................x, xi & xii 5.1 How is quality maintained? 5.2 Does this fit with any approaches? 6.0 Inventory Management.............................................................................................xiii 6.1 Methods of Inventory Control 7.0 Environmental Sustainability......................................................................................xiv 7.1 Issues, pressures or responsibilities surrounding the factory 8.0 Appendices.................................................................................................................xv…

    • 4168 Words
    • 17 Pages
    Powerful Essays
  • Powerful Essays

    Homelessness is a social crisis that has stayed with us throughout our history. There was an increase in the number of homeless people in the 1980s due to housing and social service cuts increasing. In Philippe Bourgois and Jeff Schonberg’s, “Righteous Dopefiend,” being homeless is just one of the many problems that encompass their day to day reality. The two anthropologists assimilate themselves in the homeless community and observe the hardships that come from living on the streets and drug addiction. A better understanding is attained through their ethnographic research and details of the homeless’ lives can be used to further our knowledge and help in solving society’s problems. This ethnography shows that through of a community of addicts, the structure of society often produces and reproduces this advantage.…

    • 1097 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Management and Leadership

    • 1707 Words
    • 7 Pages

    In every organization and company, each employee share their own experiences, values, and beliefs to the organization or company. All the experiences, values, and beliefs combined formulate the organizational culture of the company. A poorly organized company can lead to a company’s demise. A company that has a vigorous organizational structure ensures that all employees and management all work well together. Throughout this paper, I will be discussing roles in leadership and management. Also, how the four functions of management support and maintain a healthy organizational structure.…

    • 1707 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    Management and Performance

    • 4892 Words
    • 18 Pages

    e) providing a means for communicating targets and objectives — employees cannot be expected to meet resource management targets if they do not know what they are (this includes targets relating to cost management, budget applications and waste management)…

    • 4892 Words
    • 18 Pages
    Powerful Essays
  • Better Essays

    Your task is to write a summary of chapter 15 of Management: Theory and Practice, K. Cole,…

    • 1036 Words
    • 5 Pages
    Better Essays
  • Good Essays

    halo

    • 1102 Words
    • 5 Pages

    Last day to add - 9/6/13; Last day to drop with a "W"- 11/15/13; Last day to drop without notation…

    • 1102 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Performance and Management

    • 1653 Words
    • 7 Pages

    The purpose of this report is to use the compensation system we previously developed in Phases I and II to pay people, develop plans that reward performance, add benefits into the mix, and evaluate these results. First we will look at performance-based-pay as a policy for recognizing employee contributions. Performance-based-pay is a pay plan that varies with some measure of individual or organizational performance, such as merit pay, lump-sum bonus plans, skill-based pay, incentive plans, variable pay plans, risk sharing, and success sharing. It is basically a pay plan that moves away from the traditional base pay and across-the-board increases, and focuses more on factors of performance that can increase overall productivity for a company. Performance-based-pay plans can be very effective in creating a positive impact in performance of both employees and a company as a whole, but only is the plan is designed well. In order to be successful, it is crucial that the performance-pay plan be designed to support FastCat’s business strategy and compensation objectives. To design this pay-for-performance plan, we will recommend a specific policy plan that is tailored to FastCat’s goals towards success. We will compare different performance-based plans, which include individual vs. group incentives and merit vs. incentive pay, to see which combinations will help FastCat compete more effectively.…

    • 1653 Words
    • 7 Pages
    Good Essays
  • Good Essays

    I really don't want to sound like a person that if they have money then they are…

    • 551 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Since the company's main objective is to maximise profit, a planning and control system is essential. Firstly, a strategy that best satisfies the objectives of a company has to be selected. Secondly, the decision has to be implemented into a planning process. Therefore, a budget that relates to the entire activity of a company and to forecasted future revenues and expenditures has to be prepared. Standard costing can assist in budget setting and it supports cost control by setting standards. Establishing a standard cost for each unit produced enables a detailed analysis of budgeted and actual costs so that costs can be controlled more effectively. Once a budget is set, it becomes the target by which performance is evaluated and measured. A company must remember that targets must be realistic and achievable to motivate people, otherwise the budget will become a source of demotivation. After finishing the budget the input of a company (4 M`s = Manpower, Machines, Money and Material) is going to be transformed to output units during the production process. The production is followed by the control process: actual costs incurred are compared with standards costs to reveal variances, to monitor performance and to provide feedback. A standard cost system highlights exceptions (instances where things are not going as planned). The identification of variances (variance analysis) serves as an early warning system for management. Variance analysis is generally concerned with material usage and price variances,…

    • 383 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Management Strategies

    • 1016 Words
    • 5 Pages

    It is extremely important that there are effective management strategies put in place to help predict, prepare and protect from earthquakes. The main aims of these strategies are to reduce loss of life and property damage. MEDCs and LEDCs cope in different ways, this is mainly due to affordability of planning and preparation for the future. MEDCs tend to cope better when an earthquake hits, because the money is available to use to create effective strategies.…

    • 1016 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    The management theory and practice has changed over since the early 1900’s, while the economy developed. With the globalization and technology be used widely, the environment became more competitive. The social institutions feel pressure to face a new challenge. The management system should be innovated into the new conditions and challenges management and the new management made workplace more productive. The old management evolved from classical management approaches to modern management approaches. This essay will describe three parts of changing in management approaches: changing in the method of treating employees, changing the method of management problem solving and achieving modern management approaches.…

    • 1058 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Management and Leadership

    • 833 Words
    • 4 Pages

    Management and leadership are two separate skills needed to control the function and direction of task. Separating the definition of leadership and management is a difficult task.…

    • 833 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Management and Leadership

    • 1544 Words
    • 7 Pages

    “Leadership and management must go hand in hand. They are not the same thing. But they are necessarily linked, and complementary. Any effort to separate the two is likely to cause more problems than it solves” (Murray, 2010). This paper will differentiate between leadership power and management. At Frito Lay leaders and managers play an important role in maintaining healthy organizational culture. This paper will also evaluate the affect of globalization and management at Frito Lay.…

    • 1544 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Motorola builds and promotes products, services and applications that make it easy to connect to people, entertainment and information possibilities through broadband, systems and wireless networks. The various business divisions of the company are the mobile devices, enterprise and network, and the connected home solutions. Their strong market position provides major investments in research and development (Motorola, inc., 2007).…

    • 1344 Words
    • 6 Pages
    Powerful Essays