CASE ANALYSIS: FERGUSON FOUNDRY LIMITED (FFL) EXECUTIVE SUMMARY Introduction After reviewing the financial statements for the fiscal year ended May 31‚ 2010‚ Mark Ferguson‚ President of Ferguson Foundry Limited’s (FFL)‚ was disappointed with the results. Operating Income was $367‚600 below expectation‚ despite having sold 2‚000 wood stove units greater than budgeted. To determine which areas FFL’s actual performance was better or worse than expected‚ a variance analysis will be conducted
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Girouard Managerial Accounting 10/3/12 Module 6 Assignment 2 Ferguson & Son Manufacturing company is attempting to increase efficiency and reduce cost by introducing monthly performance reports for each department. Robert Ferguson Jr is trying to introduce this new type of accounting system and when you try something like this you will always run into some problems‚ but Robert is creating a culture of resentment. Robert Ferguson is using a static planning budget to analyze the performance of
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Queen of Scots‚ was an incredible figure of the monarchy in the 1500’s‚ whose story is one of power and political gain shown through her early years‚ reign and claim to English throne‚ scandal‚ and her captivity and downfall. The childhood of a royal was never a simple one‚ but the early life of Mary Stuart was one of immense hardship and responsibility even when compared to other noble children. Mary was born in the December of 1542‚ in West Lothian‚ Scotland (“Mary‚ Queen of Scots”). Even when
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Introduction…………………………………………………………………………………….4 The Directing Leadership Style………………………………………………………………...4 Micromanagement and the Directing Leadership Style………………………………………..6 Reasons for Micromanagement…………………………………………………………………6 Alternative Leadership Styles…………………………………………………………………..7 The Participative Leadership Style……………………………………………………………..8 The Delegating Leadership Style……………………………………………………………….9 The Transformational Leadership Style…………………………………………………………9 The Transactional Leadership Style……………………………………………………………10 Mitigating
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Globalization’s Impact on Management Styles MNGT 5000 Submitted to: Dr. Harvey C. Hutchison July 20‚ 2008 Myrtle Beach‚ South Carolina Abstract Globalization has had a very complex impact on management. Business leaders are finding themselves making frequent changes to their management strategies and styles to keep up with local as well as international competitors. This paper will give a definition of globalization as well as provide a description of the impact of globalization on
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Reflection Management Style The achievement of an organization depends on the effective management of the administrative team. The information obtained throughout this course for the management styles‚ good and poor qualities‚ and the different scenarios which managers may encounter will be reconnoitered. The results of a management quiz taken at the beginning of this course along with the results from a current quiz will be compared and the differences clarified. The course has enlightened the
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------------------------------------------------- Case: Ferguson Foundry Limited (FFL) EXECUTIVE SUMMARY Date: March 10 2013 To: Mark Ferguson‚ President From: Carl Holitzner Re: FFL’s Lower-Than-Budgeted Profit for the Fiscal Year Ended May 31 2010 The major issue is determining why Ferguson Foundry Limited’s (FFL) actual profit was $367‚600 lower than budgeted‚ despite selling 2‚000 more wood stoves (12‚000 instead of 10‚000 units). This will be explained using Variance Analysis
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black boxes to “demonstrate that Western institutions have indeed degenerated” (Ferguson page 11). The first of these “long-sealed” boxes is “ labelled ‘democracy’. The second is labelled ‘capitalism’. The third is ‘the rule of law’. And the fourth box labelled ‘civil society’” (Ferguson). Each one of these boxes are an important part of how our civilization works. The purpose for revealing these black boxes‚ Ferguson states‚ is “that inside these political‚ economic‚ legal‚ and social black boxes
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MANAGEMENT STYLES Student Name: Courtney Evans Course Title: Organization and Administration of Criminal Justice Professor Name: Dr. Odo Submission Date: September 29th‚ 2011 Abstract This research paper addressed and discussed the three types of management styles and its role within an organization. Specifically‚ these management styles are the scientific management‚ human relations management‚ and the systems management. Though the early
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about their management styles and that they rely more on intuition rather than statistics or systematical data. However‚ until this day the gender-based conflict about management style remains unsolved. Aim This paper aims to report the results of a systematically conducted literature review of studies about gender differences in management styles. The main research question was: What are the differences between male and female managers regarding their management style. Management Styles: Autocratic
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