Presentation Essay Example for Free

Presentation Essay First, to ensure the improvement and continued success of my upcoming PC-2 presentation, I should keep in mind the strong points of my previous work, and make a conscious effort to continue them. I must make sure that I continue to be lively, persuasive and enthusiastic. I should also ensure that I prepare well for the upcoming presentation, so as to remain the authority or the expert in what I am discussing. It will also be important to continue the various techniques I used in grabbing and keeping the attention of my audience, and to again arrange my presentation in such a way that the audience stays with me and does not get bored with it. Second, based on the comments of my fellow students, my professor, and from my own observations, here are some things that I can improve on. The first and obvious area that needs improvement is with regard the technical aspect of my presentation. I will need to get better equipment (I. e. new web/video cam, sound recording devices) to ensure that my audience sees and hears my presentation clearly. All my hard work and preparation will be put to waste if no one will be able to properly view my work. Second, I will have to improve the place where I shoot or record my video presentation, as my previous area was a distraction to some, if not most of my audience. Perhaps I can use a more professional setting, or at least something which will not distract and divert the attention of my audience from my presentation. Next, I think I can also improve on some of my unconscious mannerisms while doing the presentation. As pointed out, there were instances when I was moving my chair back and forth, which distracted my audience. I should make a more conscious effort to be aware of these mannerisms, and perhaps to do the presentation while standing up, which will help in making my over-all appearance more persuasive and assertive. Lastly, in the end, nothing compares to a good preparation an planning of the presentation to ensure its success.

Averting Problems in the New Millennium Essay -- Technology

Averting Problems in the New Millennium As we approach the end of this century, many people have raised concerns regarding the serious issues surrounding the Y2K problems. Although no one knows precisely what will happen on January 1, 2000, the general opinion is that Y2K related problems will cause failures of basic services including utilities, water and phone service. Contrary to popular opinion, I believe that the Y2K problems will have more of a positive effect on our society because it has caused us to analyze more carefully, the data and the technology we rely on in everyday situations. In addition, the new millennium will usher an era of tremendous opportunities for technological advancements in our society. In other words, the current preparations to avert a Y2K crisis, has given us an advantage which will minimize technological breakdowns in the future and create new technology which will ensure a relatively smooth transition into the new millennium. The main focus of our concerns regarding the Y2K crisis is the fact that we know precisely when it is scheduled to begin and "this appointment with destiny cannot be postponed or avoided" (Jeffrey 10). During the past eighteen months, we have been bombarded with extensive information in the media regarding the Y2K problem including predictions on how it will impact our society. This problem can be traced back to approximately forty years ago, when programmers in the fledging computer industry made a fateful decision to save memory and space by recording year dates with only two digits. Unfortunately, no one anticipated that these early computer programs and mainframes would still be using these systems in 1999. As a result, this technological glitch may cause compute... ...other utilities, hopefully for short periods and the worst case scenario, could be a few weeks. However, these incidents will not translate into doomsday proportions and will not mean the "end of the world" as we know it. There is less reason to panic over Y2K because unlike the many natural disasters that we experienced in the United States we were able to proactively address this crisis. I am certain that we will witness one of the best New Year's Eve celebration in this century as the Waterford crystal ball is expected to drop and glow " 2000" in brilliant lights and the city lights will stay on. Works Cited Gould, Stephen Jay. Questioniung the Millennium. New York: Harmony Books, 1999. Seymour, Jim PC Magazine. "The Year 2000 Countdown" New York: April 1999. Jeffrey, Grant R. The Millennium Meltdown. Toronto: Frontier Research Publication, Inc., 1998.

Multiple Choice Questions

CH 1 Answers Multiple Choice Questions 1. E 8. E 15. E 2. E 9. E 16. A 3. E 10. C 17. D 4. E 11. E 18. E 5. D 12. A 6. B 13. D 7. E 14. E CH 2 Answers Multiple Choice Questions 1. C 11. B 21. E 2. C 12. E 22. A 3. B 13. E 23. C 4. B 14. E 24. D 5. D 15. B 25. C 6. E 16. D 26. A 7. A 17. D 27. D 8. D 18. E 28. B 9. A 19. C 10. D 20. E CH 3 Answers Multiple Choice Questions 1 B 9. B 17. D 2. C 10. A 18. E 3. B 11. A 19. C 4. D 12. B 20. D 5. E 13. D 21. C 6. A 14. A 7. C 15. D 8. E 16. A CH 4 Answers Multiple Choice Questions 1 B 9. B 17. D 2. C 10. A 18. E 3. B 11. A 19. C 4. D 12. B 20. D 5. E 13. D 21. C 6. A 14. A 7. C 15. D 8. E 16. A 9. D 18. B CH 5 Answers Multiple Choice Questions 1. E 11. B 21. C 2. B 12 B 22. A 3. C 13. B 23 B 4. C 14. E 24 A 5. B 15. E 25. C 6. B 16. C 26. E 7. D 17. D 27. B 8. A 18. A 28. A 9. B 19. D 29. D 10. B 20. A Solutions 16. Solution: use Equation (5-4) [(. 32 – . 30)/. 30] x (360/180) = 13. 3% 17. Solution: use Equation (5-4) [(. 30 – . 32)/. 32] x (360/180) = -12. 5% 18. Solution: cross rate . 28/. 86 = . 3256 19. Solution: cross rate DM. 31/FF: FF1/DM. 31 = FF3. 23/DM FF3. 23/$. 35 = FF9. 228/$ 20. Solution: use Equation (5-1) [(. 0045 – . 0035)/. 0035 = 29% 21. Solution: use Equation (5-8) [(. 864 – S)/S) x (360/90)] = . 10 – . 04 S = . 3807 22. Solution: use Equation (5-6). Remember that Cr$3342. 63 = $0. 0002991. new exchange rate = $0. 0002991[(1 + . 05)/(1 + . 90)] = $. 0001652/Cr$; or Cr$1/$. 0001653 = Cr$6053. 27/$ 23. Solution: Use Equation (5-7): nominal rate = real rate + inflation rate. nominal rate = 5% + 4% = 9% S olution: invest in the U. S. : $10,000 x 1. 01 = $10,100 invest in the U. K. and cover in the forward market. buy pounds at the present spot rate: $10,000/1. 8 = ? 5,555 invest in the U. K: ? 5,555 x 1. 015 = ? 5,638 sell pounds forward: ? 5,638 x 1. 8 = $10,036 The investor would earn $64 more by investing in the United States instead of the United Kingdom. 25. Solution: use Equation (5-8) and solve for the forward rate: [(F – 1. 800)/1. 800 x (360/90)] = 0. 04 – 0. 06 F = ? 1. 809 26. Solution: use Equation (5-8) and solve for the U. K. interest rate. [(1. 780 – 1. 800)/1. 800 x (360/90)] = 0. 04 – if if = 0. 084 27. Solution: Use Equation (5-1). % Change = (0. 68 – 0. 64)/0. 64 = 0. 0625 or 6. 25% 28. Solution: Converting the above example into indirect quotations, the Swiss franc changes from 1. 5625 francs to 1. 4706 francs. Use Equation (5-2) to solve this problem. % Change = (1. 5625 – 1. 4706)/1. 4706 = 6. 25% 29. Solution: Use Equation (5-3). Spread = (0. 68 – 0. 64)/0. 64 = 0. 0625 or 6. 25% CH 6 Answers Multiple Choice Questions 1. E 10. E 19. B 2. E 11. B 20. E 3. E 12. E 21. E 4. B 13. A 22. C 5. C 14. A 23. D 6. E 15. D 24. A 7. C 16. C 25. B 8. B 17. D 9. B 18. A Solutions 16. $value = $0. 50 x DM10,000,000 = $5,000,000 17. Investment =? 62,500 x $1. 65 x 0. 02 = $2,062. 50 Profit = ? 62,500 ($1. 67 – $1. 65) = 1,250 Rate of return = (1,250/2,062. 50) x (12/6) = 121% 18. Potential profit = $1. 65 – $1. 62 = $0. 3 19. Potential loss = $1. 62 – $1. 65 = -$0. 03 20. Buy call options on March 19 -$0. 04 Exercises the option on September 19 -$0. 80 Sell the pounds on September 19 +$0. 92 Net profit as of September 19 +$0. 08 Net profit for three contracts = Can$150,000 x $0. 08= $12,000 21. Total loss = Can$150,000 x $0. 04 = $6,000 22. Intrinsic value = $0. 16 â⠂¬â€œ $0. 15 = $0. 01 23. Breakeven point = $1. 75 + $0. 07 = $1. 82 24. Total receipts = FF10,000,000 x $0. 20 = $2,000,000 total premium = FF10,000,000 x $0. 05 =$ 500,000 net receipts = $1,500,000 25. Breakeven point = $0. 70 – $0. 05 = $0. 65 CH 7 Answers Multiple Choice Questions 1. E 10. C 19. C 2. E 11. B 20. B 3. E 12. B 21. D 4. C 13. A 22. E 5. E 14. B 23. A 6. A 15. B 24. C 7. E 16. C 25. D 8. A 17. E 26. A 9. C 18. A 27. D Solutions 20. $7,500,000 x (0. 082 – 0. 08) = $15,000. 21. $15,000 x the annuity discount factor of $1 for 5 years at 8 percent = $15,000 x 3. 993 = $59,895. 22. You will receive a total of $30,000 for the first two years [$7,500,000 x (0. 082 – 0. 080) x 2]. The new floating rate that you will receive: 8. 2% -1. 5% = 6. 7%. You will pay a total of $292,500 for the last three years [$7,500,000 x (0. 67 – 0. 08) x 3 years]. Thus, your net payment over the five years will be -$262,500 ($30,000 – $292,500). 23. $500,000 x SFr1. 4 = SFr700,000. 24. $500,000 x 0. 09 = $45,000. 25. $500,000 x (0. 09 – 0. 08) = $5,000. 26. SFr700,000 (1. 08) = SFr756,000. 27. $500,000 (1. 09) = $545,000. CH 8 Answers Multiple Choice Questions 1. E 9. E 17. D 2. C 10. A 18. D 3. E 11. D 19. A 4. D 12. E 20. C 5. E 13. C 21. E 6. D 14. E 22. C 7. E 15. D 23. C 8. B 16. C 24. E Solutions 18. Use Equation (8-1): % Change = ( 0. 70 – 0. 65 ) / 0. 65 = 7. 69% 19. Use Equation (8-2): % Change = ( 0. 65 – 0. 0 ) / 0. 70 = -7. 14% 20. Use Equation (8-1): % Change = ( 0. 44 – 0. 40 ) / 0. 40 = 10% 21. Use Equation (8-3): Predicted Rate = $0. 4 x [ ( 1 + 0. 05 ) / ( 1 + 0. 03 ) ] = $0. 4078 22. ( 0. 4400 – 0. 4078 ) / 0. 4078 = 7. 9% 23. Use Equation (8-5): Predicted Rate = $0. 50 x [ ( 1 + 0. 12 ) 5 / ( 1 + 0. 08 ) 5 ] = $0. 5997 CH 9 Answers Multiple Choice Questions 1. B 10. D 19. C 2. E 11. D 20. D 3. D 12. A 21. A 4. C 13. A 22. A 5. E 14. E 23. C 6. E 15. E 24. D 7. C 16. A 8. E 17. C 9. D 18. B Solutions 12. Call option = ? 50,000 x $1. 7 = $85,000 Spot transaction = ? 50,000 x $1. = $90,000 Thus, the U. S. company should exercise the option. 16. Net Exposure = Ps300 million – Ps200 million = Ps100 million Gain or loss = $0. 0001 x (-Ps 100 million)= – $10,000 17. (Expected amount) $15 million – (actual amount) $14 million = exchange loss of $1 million 18. (Profit after taxes) ? 50 million + (depreciation) ? 10 million = (cash flows from operation) ? 60 million Exchange gain or loss = ? 60 million x $0. 02 = $1. 2 million 19. Gain or loss = $15 million x 3 = $45 million 20. [ ( 1. 8090 – 1. 800 ) / 1. 8000 ] x 360 / 90 = 0. 08 – 0. 1 0. 02 = 0. 02 21. irect loan credit swap 50,000y + (250,000y – 500,000) = 50,000y + 50,000 y = 2. 2 22. $value = $2. 02 x ? 10,000 = $20,200 23. 1) borrow ? 9,709 (10,000/1. 03) 2) buy $19,515 (? 9709 x $2. 01) 3) invest $19,515 in the U. S. at 2% 4) receive $19,905 ($19,515 x 1. 02) 24. Call option = ? 50,000 x $1. 7 = $85,000 CH 10 Answers Multiple Choice Questions 1. E 10. D 19. e 2. E 11. E 20. E 3. C 12. E 21. D 4. B 13. D 22. A 5. E 14. D 23. E 6. E 15. E 7. D 16. E 8. E 17. B 9. E 18. C CH 11 Answers Multiple Choice Questions 1. B 9. A 17. B 2. B 10. B 18. E 3. E 11. D 19. B 4. E 12. D 20. C 5. B 13. A 21. D 6. D 14. E 22. E 7. B 15. A 8. D 16. C CH 12 Answers Multiple Choice Questions 1. E 10. B 19. C 2. A 11. A 20. D 3. E 12. C 21. D 4. E 13. C 22. B 5. B 14. B 23. D 6. D 15. E 24. C 7. D 16. E 25. C 8. E 17. E 9. E 18. A CH 13 Answers Multiple Choice Questions 1. C 8. C 15. E 2. A 9. D 16. A 3. D 10. E 17. D 4. E 11. C 18. B 5. D 12. B 19. E 6. D 13. B 20. B 7. D 14. D 21. D CH 14 Answers Multiple Choice Questions 1. E 11. E 21. D 2. D 12. E 22. E 3. E 13. B 23. C 4. E 14. A 24. B 5. A 15. B 25. A 6. A 16. C 26. D 7. B 17. B 27. D 8. B 18. E 28. C 9. E 19. C 10. D 20. A Solutions 25. Solution: U. S. nvestment earns 1 percent. Percentage change in mark = ($0. 40 – $0. 50)/$0. 50 = -20%. German investment loses 18. 8 percent: [(1 + 0. 015)(1 + (- 0. 20)] – 1 = -18. 8%. 26. Solution: Convert DM100,000 to $50,000 at $0. 50 rate. Invest $50,000 in the U. S. at 11 percent. ($50,000 x 1. 11 = $55,500) Reconvert dollars to marks. ($55,500/$0. 46 = DM120,652) Yield = (DM120,652 – DM100,000)/DM100,000 = 20. 65%. 27. Solution: Use Equation (14-1). 0. 10 = (1 + 0. 13)(1 + ie) – 1; solve the equation for ie (percentage depreciation). ie = (1 + 0. 10/(1 + 0. 13) – 1 = -2. 65%. 28. Solution: Use Equation (14-1). 0. 09 = (1 + 0. 60)(1 + ie) – 1; solve the equation for ie (percentage depreciation). ie = (1 + 0. 09)/(1 + 0. 60) – 1 = -31. 88%. CH 15 Answers Multiple Choice Questions 1. B 9. A 17. D 2. E 10. E 18. A 3. D 11. B 19. E 4. E 12. D 20. A 5. A 13. B 21. A 6. E 14. B 22. B 7. A 15. E 23. E 8. B 16. C 24. A Solution 20. Use Equation (15-2): R = . 07 + (. 15 – . 07) 1. 4 = 18. 2% 21. Use Equation (15-2): R = . 05 + (. 11 – . 05) 1. 2 = 12. 2% < 20% 22. Use Equation (15-4): Rp = (. 4) (. 12) + (. 6) (. 20) = 16. 8%. 23. Use Equation (15-4): 0. 17 = (0. 60) (Rus) + (0. 40) (0. 20). Rus = 15%. 4. Average price = (40 + 50 + 60) / 3 = $50. Use Equation (15-1) for the standard deviation: Standard deviation = {[ ( 40 – 50 ) 2 + ( 50 – 50 ) 2 + ( 60 – 50 ) 2 ] / ( 3 – 1 ) } ? =$10. 1. The coefficient of variation = 10 / 50 = 0. 20. CH 16 Answers Multiple Choice Questions 1. E 11. A 21. C 2. B 12. C 22. E 3. B 13. D 23. C 4. E 14. E 24. B 5. A 15. B 25. B 6. C 16. D 26. B 7. C 17. B 27. A 8. B 18. E 28. E 9. D 19. C 10. C 20. A CH 17 Answers Multiple Choice Questions 1. A 11. D 2. D 12. E 3. B 13. E 4. B 14. E 5. D 15. A 6. E 16. B 7. C 17. A 8. C 18. C 9. B 19. A 10. A Solutions 15. ayback period = 1 + (15,000 – 8,000)/9,000 = 1. 8 years. 16. NPV = $8,000/(1. 12) + $9,000/(1. 12)2 + $10,000/(1. 12)3 + $10,000/(1. 12)4 -$ 15,000 = $13,433. 17. NPV = $8,000/(1. 20) + $9,000/(1. 20)2 + $10,000/(1. 20)3 + $10,000/(1. 20)4 -$ 15,000 = $9,002. 18. Year 1: DM12,000,000 x $0. 60 = $ 7,200,000 Year 2: DM30,000,000 x $0. 60 = $18,000,000 Net present value = $7,200,000/(1. 18) + $18,000,000/(1. 18)2 – $8,000,000 = $11,029,015. 19. NPV = $900 (0. 75)/(1. 06) + $1,000(0. 55) /(1. 06)2 + $1,400(0. 35)/(1. 06)3 -$ 1,400 = $138. CH 18 Answers Multiple Choice Questions 1. D 10. C 19. E 2. C 11. C 20. B 3. D 12. E 21. E 4. E 13. B 22. C 5. B 14. B 23. B 6. C 15. E 24. E 7. B 16. A 25. D 8. D 17. A 26. E 9. B 18. E 27. A 28. D Solutions 21. Use Equation (18-2): Cost of common stock = 4 / 54 + . 09 = 16. 4% 22. Use Equation (18-5): Cost of bond = . 124 (1 – . 40) = 7. 4% 23. Use Equation (18-1): Cost of capital = (120,000/200,000). 164 + (80,000/200,000). 074 = 12. 8% 24. Use Equation (18-3): Cost of common stock = 0. 06 + (0. 08 – 0. 06) 1. 2 = 8. 4%. 25. Use Equation (18-6): The before-tax cost of debt = 0. 30 x 0. 85 – 0. 15 = 0. 105. After-tax cost of debt = 0. 105 (1 – 0. 35) = 6. 3% 26. Use Equation (18-4): The cost of common stock = 1 / 25 = 4%. 27. If you rearrange Equation (18-2) for the market price of equity, you will have: market price = dividend / (cost of equity – annual dividend growth rate) = $1. 2 / (0. 20 – 0. 04) = $7. 50. 28. Solve Equation (18-2) for the market price of equity: Because the dividend per share is $2. 40 ($4. 00 x 0. 60), market price of the stock = $2. 4 / (0. 12 – 0. 05) = $34. 29. CH 19 Answers Multiple Choice Questions 1. E 11. E 2. D 12. A 3. D 13. E 4. A 14. A 5. D 15. D 6. A 16. E 7. E 17. D 8. E 18. C 9. C 19. C 10. D 20. A

Quality and Systems Management Index - Free Essay Example

Sample details Pages: 14 Words: 4171 Downloads: 9 Date added: 2017/06/26 Category Management Essay Type Research paper Did you like this example? Introduction Now a day, every business organization concentrating to build up all types of management, some of are very important management which is directly affects on organizations progress. If the organizations management is good, it will automatically produce quality products. Quality is the major factor of the organization. Don’t waste time! Our writers will create an original "Quality and Systems Management Index" essay for you Create order Every organization creates standards in production to maintaining quality of the product. This is beneficial for the organizations success. If the organization produce quality products then it will helpful for creating good brand in market place. Systems quality is also important part of the organization. To maintain organizations quality, it is very challenging task. In the market value of organization not depends on quantity of products, but its depends on quality of the product. [2] The strategic objectives of operations management within the organization Role and importance of effective operations management. Operations management is the area of business; it deals with the production and services. It involves the responsibility of the business operations are efficient with the help of using small resources as needed. It is the process that converts inputs into outputs in the form of product and services. Operation management is the heart of the organization by controlling the operations of the system. It deals with the operation, design and improvement the quality of systems product and services. Operations management, marketing and finance are the functional field of the business with management responsibilities. The importance of operations management in every business organizations activity attached and it plays important role to ensure that organization achieve their objectives and goals or not. Honda Motors is an automobile company which produces bikes and cars. To managing every business activity it requires necessary operations management techniques. To ensure efficiency and e ffectiveness in the organization Honda Motors uses operations management. How to well resources like human expertise, machines efficiency and materials are use to improve organizations performance. The company is having primary objective of to earn maximum profit. The company reduces cost of the production using multiple new technologies. The company must have objective to increase productivity by using minimum resources. Honda Motors have effectiveness and efficiency because they fully utilised worker productivity, proper utilization of resources, and management techniques. Honda Motors use operations management for proper utilization of its products and services management. Wide range of management activities is having product or service management, new ideas for the product to provide support to customers who purchased the new Honda product. Product management conducts by every organization whether it is done intentionally or unintentionally. Honda Motors uses it expert skill for to improving production techniques, quality improvement, marketing through advertise and magazines to introduce new products in the market place. Strategic objectives of Honda Motors Fig: Strategic Management Strategic management is nothing but of the art of implementing and evaluating well decisions that enable an organization to achieve its objective. Setting organizations objective is one of the most important and challenging task. The success and failure of the organization depends upon the setting of the strategic objectives. Strategic objectives are set for longer period. In Honda Motors strategic objectives set for three to five years. Honda Motors understand their internal capabilities as well as environment .Strategic objectives plan gives guidelines and directions to Honda Motors for where to start and where the organization is going. Another objective is to motivate the managers and team members for giving reward when they are taking initiative for to progress of the organization. The objective setting helps to evaluate the success of Honda Motors in the strategic planning. Tool for analysis of the strategic objectives SWOT Analysis SWOT tool is widely used in organization for strategic planning, SWOT analysis is basic guide for strategic planning. If management is provide proper information about objective then this tool very useful for the company. SWOT analysis finds capabilities and its internal position by identifying the companys strengths and weaknesses. Once the organization identified its strengths and weaknesses then it should determine the importance of each factor. Management team must make analysis of all strength and weaknesses and find the level of these strength and weaknesses. The importance of these strengths and weaknesses should be identified. SWOT Analysis of Honda Motors Strengths High RD Innovation Market share leadership in smart segment Strong brand equity Unique products Production system that is refined over the years Weaknesses High cost structure compared to China Company depends on profits coming from throughout the world, thus subject to global economies performance. Opportunities Now a day, Customers continuously increased interest into less fuel consuming and minimum pollution cars, Honda Motors having powerful RD to develop these types of cars for taking more and more benefit of the market. Customers required quality product with paying minimum cost. Honda motors taking this advantage having his product minimum cost and best quality as compare to other products. Threats Economic slowdown due the financial crisis in 2008 External changes (government, politics, taxes, etc.) Lower cost competitors or imports from Performance operations, objectives of the company An organization success is depends on three major factors that is product quality, cost, and speed. In todays market trend every customer focuses on these three things of the product. If any companies product quality is good, and cost is also minimum with having good comfort as compare to other products then your products demand increase in market place. This will helps to organization for long term sale of the particular product. For maintaining all these things, companys operation management must be good. Organization must be achieving objectives with help of strategic planning. Honda Motors having good operations management, to achieve objective of the organization. Strategic objective planning helps to achieve organization objectives. To maintain good product quality Honda motors uses operations management. With the help of operations management organization finds his dependability of the production, and it also helps to organization how to fulfil the dependability of the organ ization. Honda Motors have flexible and powerful operations management for making quality products. Honda Motors every year make survey of the market for the understanding current market needs. After the analysis of the survey Honda Motors decides his strategic objectives and these objectives organization achieve by using good operations methodology. In todays market place Honda Motors having powerful brand because of company produce quality product and sale the product with minimum price as per the market needs. Company launch his product in a market with having good quality, comfort, and minimum price as compare to competitors products. Flexibility is most important part of the organization, organization must make changes into the product as per the market requirement and this is achieved by good operations management of the company. Flexibility is very helpful for companys success. With the help of operations management organization achieve strategic objectives. If company having powerful operations management in a company, it will automatically achieve organizational strategic objectives. Honda Motors always take this advantage and achieve his strategic objectives. [1][2] Systems to ensure quality of product and services Business Process Management In the competitive world every organization creates different products from the competitors for to secure business in the market place. Quality management is the need for todays business environment. In these days consumer can choose variety of similar products, but consumer select which are different from others. If customer not satisfied with this product performance they switch to this brand. Thus the organization must focus on customers needs and wants and differentiation of the quality from the other number of competitors. Customer satisfaction is most important for build up brand loyalty and this helps for long term sales. To complete specific business outcome business process used set of easy or difficult business oriented tasks. A business process typically starts with a specific need and end with outputs in the form of product and services. Many business processes are sometimes developed by accident, in these processes no real thought in how those processes were develop ed. In some instances many processes developed in case of changes in technology, environment, policy, and market trends. Whether the processes developed by intentionally or by accidently almost every process need to improvement of the quality of the product or services. For improving these processes organization must make a strategic decision or planning when they will not improve or change. Business process improvement is a systematic strategic approach to improving organizations business processes and product quality and services. Many times these processes required inputs from internal departments in the organization or outside the organization like inputs from customers or suppliers. Organization must get the customers current requirement about quality, cost and comfort about product and service. Identify new processes or alternative process to make desired output faster, less costly, improve quality of the product. Business process Management tools In the market there are many business process management software solutions are available. Following some of the business process management applications are as follows: Pegasis system Savvion Lombardi Oracle IBM Appian Software AG To finding the solution buyers should perform an extensive search that meets the organizations long term needs and long term direction for the company there are many more systems are commonly used.BMP solutions having few existing standards. Some of the standards used are Business Process Execution Language (BPEL), XML process definition language (XPDL). With the help of business process management solutions, it helps to organization to improve all business processes and quality of the product and services. It also helps to increase efficiency of the employees and also helps to find organization strengths and weaknesses. Business process management can apply to improvement of all business process activities. It can help to iden tify gaps in existing processes. It can help to development of new innovative processes which helps to increase product quality and services, whether you are working on improvement of employee efficiency process or improvement of production system process. Quality audit system The internal quality audit is the mechanism with the help of this operation of the quality management system is monitored and similar with the documented quality system is assured. Audits done by the auditors, auditors are appointed by the company for the Organizations functions or procedures being audited. Through the internal audit effectiveness of the quality system is gathered. The main purpose of the quality system is to verify quality of the product and services as per the organizations standard. Internal quality audit is very good for to increase effectiveness of the organization. Approaches to Auditing Vertical Auditing Horizontal Auditing Vertical audit looks at particular function or department. These types of audit monitor all the activities and procedures in the particular department. Internal audit are generally vertical audits. Horizontal audit follows start to end process. These types of audit look at procedures as they support the process itself and are likely to period many different departments. The internal quality audit system is a documented system covering the planning, execution and follow-up of quality audits carried out within the scope of the quality management system. It is part of the quality management system itself. Internal quality audit system having three functions (required by the ISO 9000) Management Representative Internal Quality Auditors Management Review Body All these three elements required by ISO 9000 but the method and implementation style of the internal quality audit system (IQAS) is not compulsory. The IQAS needs th e corrective action system to be effective. An internal quality audit requires involvement of the organizations senior management peoples. This requires expert on the management team or the management representative. The management representative is the link between the operating quality management system and the company management through the management review function. The management representatives continuously focus on those problems which cannot be solve at any level. These problems may be detected through normal quality control activities, but these problems will also detect at the time of internal audits. The management representative is responsible for ensuring requirement of the organization in terms of policy, objective and supporting procedures are implemented and maintained. Quality manager is also responsible for organizations day to day activities. The role of quality manager is must fulfil these responsibilities. The quality manager must make good relationship with th e workers. The quality manager must not have conflicts between workers or team. The quality manager is responsible for selecting, training and managing the quality auditors, managing internal audits, monitoring the implementation of the audit schedule and give report to the top management peoples. How many auditors required for auditing its depend on the size of the organization. The scope of the quality management system and the different functions carried out into the quality management system. For example manufacturing company having manpower 800 peoples, and spread over 3 sites, it could manage with a 24 internal auditors team and quality management system covered all the major functions. When the auditors take a audit in the organization at that time they must be independent. This prevents conflicts and internal politics which may be generates wrong results. Auditing is about communication with the peoples and listening about processes. Auditor must be good listener. The auditor must have good knowledge to ask the right questions for getting the required information. Implementation of the quality audit system The audit conducted as per the particular objective base and quality system and standard base. It is conducted by the auditors independently where they are auditing. This means when audit is conduct there must not include internal conflicts and politics which generate wrong results for the auditor. The typical process of audit will include: In first stage i.e. preparation stage during this stage auditor makes a list of functions to be audited. Deciding the scope of the audit. Preparing proper list of the questions to be covered during the audit. The manager or supervisor of the function being audited, it must be first receive copy of the list of the audit. The audit processes generally start with the meeting to clarify the scope of the audit. To everyone familiar with the audit process this stage is very short. During the audit noted any non-conformances and cross referenced to either the standard. The process of the audit will closes with taking meeting with auditee to agree the non conformances, and discuss about taking corrective actions and decide dates for actions to be completed. Solutions and the corrective actions and dates for the completion will all in the form of audit report. Once the audit is completed report should be prepared within 24 hours. The audit is not considered as closed until organization take corrective actions have been completed and auditor confirms all taken actions. If the Follow audit is not complete auditor must take re-audit start from the first process and find useful solutions. Ways to introduce new quality culture Company, Suppliers and customers we are all in together When company follows this culture means we are all this together, reminds everyone how individuals success depends on company success and the companys success depends on how everyone doing their work well. This type of environment helps to identify everyone is a part of organization and having personal identity. Its also support for teamwork with the teams. It will help to company for create strong employee loyalty. Open, Honest communication is important Sympathy In the organization everyone has problems regarding to personal, social, or any problem in organization work. Managerial person must having sense and appreciation about the employee when employee having any problem. Listening Sometimes some peoples not listen to others. Peoples try to say what on their minds, they try to say how they are right and others are wrong, but no one wants listens him, sometimes this will creates organizations big loss. Because whatever they try to say which is very beneficial for the organization. The manager must have encouraged open and honest communication. This will support to making powerful decisions against the problems by involving everyones views in the organization. Different peoples having different views and ideas, if in organization having facility to listen everyones view and ideas then it will very useful for organizations success. Focus on Processes Every organizations success depends on how efficient processes done in the organization. Organization must focuses on processes because all processes in the organization not going well, it will automatically affects on product quality and hence it will affects on product sale. If organization wants success, it must have proper controls on all organizations processes. This will helps everyone to understand the importance of teamwork and cooperation to each other and the independence of the work. This helps to improvement of the quality using efficient quality tools and measure process performance and teamwork. Organization must monitor every process and by making changes into the processes increase efficiency, accuracy and speed to increase the productivity. If processes or plans are predefined in a company its outcome is always beneficial for a company, because management focuses on the processes which executed as per the requirements or plans, it helps to improve the productivity and also quality. [6][3][8] Improve organizational performance Identify problems and opportunities for improvement In Honda Motors organizations work activities have done with the help of operations management activities for to achieve organizations objectives. Organization fixes objectives with the help of strategic planning. Company facing some problems in production system, but company continuously research on these problems and try to improve production speed, efficiency, and accuracy of the product. Company having good RD team for making continuously research on product quality and try to find solutions which increases product quality better than current quality. It helps to organization maintain position in the current market. In todays market customers required more fuel efficient cars, this is the big opportunity to Honda making cars with maximum fuel efficient with maintaining good quality of the product. Organization improvement Every organization produce product as per the current market need, and try to giving good quality product with minimum cost for improving product sale and secure place in market. Organizations objectives must set with the help strategic planning which helps for success. If the organization objectives set as per the market trend and need then it will helps to reduce variation between what customers want and what product and services deliver. Any product sale depends on how this product fulfils the customers requirement. When any organization produces any product, company must be making survey of the market and try to find out what the need of customers. Because what customers and stakeholders required and what product company delivers this is very important for organizations success. If the company produce any product which not fulfils customers need it will results customer leave this product, this will affect on product sale and companys status in the market. Implications of proposed changes within the organization. Organizational change it is nothing but of changing current work routines by introducing new rules and systems into the operation. Organizational change is very difficult because the regular routine activities not support to change. Organizational change also not directly supports because company working in current set environment which is not easily supports to the change. To compete with the competitors in the market every organization must make changes in the organization. Using new technologies and innovations produce quality product which will compete with the competitors product. Change in organization is very helpful for organization success. If the organizations proposed change implements properly with the help of change models and tools then it will increase organization efficiency, productivity, quality, and helps to produce quality product in minimum cost, otherwise it will generate organizations loss. The main objective of the organizational change is to increase qualit y of the product with minimum defect and earn maximum profit with investing minimum cost. 4.4. Implement changes in the organization Product quality Every organizational success is depends on his product and services. To increase product quality as per the customers requirement and comfort, because when consumers purchase your product if he will not satisfy long time with your product then he will leave your brand. Organization must continuously improve product quality and technology for the secure base in market place and increase sale of your product. If your product is good he compete with others product then automatically improve your organization profit. A good customer always customer always see the product quality. Because they wants long life comfort with the product, customers have many choices while buying a product so for that every company needs to maintain the product quality for to attract the customers. Cost of quality measurement In organization the three things are very important which are cost, time, and manpower required for the production, before producing any product every manufacturing company analyze this three things. For to maintains product quality organization must invest cost. Organization must calculate production cost and how much price he will get from the market it is very important. Organization must take care of these things when maintaining quality of the product. Because if organization produce quality product, but in market having competitors same product which having price is less than our product, if our company decrease product cost and this is less than production cost then it will generate organization loss. Sometimes it will not affect on companys sale of the product, when company having strong brand in a market place. Honda Motors have balance quality cost as per sales cost, and in the organization effective quality programs can reduce this almost, It will result making direct contribution to the profits. Honda Motors having powerful brand in market, thats why product cost not affects on product quality. This is the big advantage to the Honda Motors to earn more and more profit. To improvement of total organization performance and quality following points are important: Leadership must be important. Better implementation strategy and better planning Employee involvement should be accurate Easy and simple identification and measurement Proper Control and improvement in processes. Focusing on critical areas Honda Motors always research his critical areas and try to find solutions for how to convert these weaknesses into strengths. This strategy will helps to organization to create powerful organizational environment, and also helps to increase productivity. When Honda Motors introduce any product in the market after that they make survey in the market and finds critical areas of this product which is directly affect on his sale, for example Honda Motors introduce his new product (Honda City) which is not fuel efficient, this is appeared into customers feedback. Company focus on this area of this product, and try to find how to increase fuel efficiency in current production cost. Flexibility Organization must be flexible when any change creates, like environmental change, market changes, technological change etc at that time organization must find alternatives to solve these problems. If any machine downtime occurs at that time whole production not to be stop, it must be having alternatives to continue production process. If any employee knowing any machines operations and in case he will not able to come on work then, it must be having any alternative employee to handle this work. Flexibility in the organization is very important to smooth organization process. These all things support to increase organizations performance. Human Resource Development Employee is the major part of the organization. Managers must motivate to employees to complete their work. Arranging training sessions for the employees to the improve work efficiency. Give increments to the employees. Human resource development is also called as personnel developments consist of all activities to ensure that effective utilization of employees to completing organizational objectives. Provide good facilities to the employees where they work. Automation in production To improving organizational production processes, it must be use machines and robots for the production. This will very helpful for those organizations that are produce mass production. Automation is very useful for accuracy and fast production. It reduces manpower, cost of the production and helps to support batch production. Using automation in the organization, it increases productivity in minimum time. Minimum manpower is required. Teamwork Teamwork is the very important in organization to completing any task properly and fast. Organizational manager must motivate to employees work in team. Teamwork is very important factor to improving organization performance. It increases work efficiency. With the help of teamwork fast problems are to be solved, finds new innovative ways to completing particular task. Easily completed any task because of work is dividing in different parts. It helps to sharing new innovative ideas with the colleague, and this may be helps to increase organization performance. [1][5][7] Conclusion In the study of this assignment, we introduce new techniques for improving organizations quality. We also suggest how to manage business processes and how to improve processes. We find organizations strength, weaknesses, opportunities, threat with the help of SWOT analysis tool. We suggest how to improve product quality. In this assignment we take one case as Honda Motors and make analysis of the different factors of organization which affects on organizations quality, and we give solutions for to increase quality. This will helps to organization maintains organization as well as products quality.

The Break-Up Movie Analysis - 1248 Words

The film starts off with the protagonists’ encounter in a baseball tournament. Invitation communication begins with Gary asking Brooke if she would like to have a hotdog. On relationship meaning level, it reflects Gary’s interest in knowing Brooke. By the end of the tournament, Gary tries to ask her out, exploring the possibilities for a relationship with her. Despite Brooke calling him â€Å"crazy†, she still chuckles and responds to Gary’s pick-up lines, hinting that Brooke is not totally uninterested. It is quickly followed by the opening credits with intimate photos that captured the intensifying communication stage between the protagonists. Their long term commitment takes the form of cohabitation, thus completing the escalation phase of†¦show more content†¦They should show empathy for their partner, and give interpersonal confirmation by endorsement. Instead than exiting completely, the protagonists could take a time out and bring the issue back to the table when both parties are ready. However, instead of coming to a resolution, they enter the social support process by telling their friends about their problems. (This shows that Gary and Brooke lack of communication with each other and might possibly lead to a breakup.)From their conversation, we could infer the conflict management style the protagonists predominately adopt. Brooke seems to take on the competing style as she puts the blames on Gary, hoping that Gary will change and â€Å"he’s gonna come home and apologize.† Initially, Gary avoided conflict by moving into the living room. He then wilfully irritates Brooke with his behaviours, expressing his disagreement in an indirect manner that shuts down discussion. This puts them in a demand-withdrawal sequence, where Brooke makes demand on Gary to apologize, and Gary avoids it by withdrawing. 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South Carolina And The Civil Rights Movement - 2072 Words

Do you feel that there is equality in North Carolina? If you say yes, this is partially due to the Greensboro Sit Ins and the Civil Rights Movement. Many in North Carolina were impacted by the audacity of what started as some students and the black community members who protested for equality of races even right here in North Carolina, where we call home. â€Å"Despite advances in the fight for racial equality (including the landmark 1954 Supreme Court verdict in Brown v. Board of Education and the Montgomery Bus Boycott), segregation was still the norm across the southern United States in 1960.† Depending on whose perspective is looked at, some may still feel segregation is the norm in some cases. These racial segregations have been an issue longer than one can imagine, but from these certain events, life has improved and has become a lot easier for everyone in that case. We no longer have to worry about where we sit or who we can or cannot serve or who we can or cannot talk to. 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Risk and Supply chain management Samples †MyAssignmenthelp.com

Question: Discuss about the Risk and Supply chain management. Answer: Introduction: Supply chain managementrefers to themanagement of the flow of goods and services through various business processes. It involves management of goods during its movement from the inventory to the production area, movement of finished goods from production area to warehouses, storage of raw materials as well as semi-finished goods and finally the movement of finished goods from the warehouses to the final consumer (Christopher, 2016).Risk management refers to the identification and analysis of the financial risk along with finding solutions to avoid or minimize the risks involved in the business processes. Risk management in supply chain refers to the management of risks involved in the supply chain that harm or damage the business activities and the continuity of the business. Supply chain riskmanagement not only involves identification of the risks involved in the supply chain but also strives to mitigate the disruptions in the processes. Supply chain risk management involves identification of both internal and external environments (Wisner, Tan Leong, 2014). The internal environment includes employees, management and the organizational culture whereas, the external environment comprises of mainly customers, government, suppliers, economy, competitors and public opinion. All these elements of internal and external environment pose different risks to the supply chain of an organization that are necessary to be handled cautiously (McNeil, Frey Embrechts, 2015). The risk management in the supply chain mainly involves identification of the risks, analysis of the risks and evaluation of the risks. The risks that affect the business activities to a large extent are required to be prioritized and addressed. Some external risks also involve accidents, natural disasters, cargo damage, warehouse inadequacy and constrictions in the supply chain whereas, internal risks may involve unavailability of personnel and facilities. There can be several threats to the supply chain therefore; the severe threats are to be solved at priority basis. Once the threats have been identified and prioritized, the organizations can devise a suitable risk treatment plan. This involves providing protection to the supply chain from the threats, designing plans to face the issues and completely recovering from the risks. The risk management in supply chain involves continuous monitoring and review system that helps in responding to the changes in the internal processes as w ell as to the changes in the external environment including suppliers and regulations (Ellinger et al., 2015). Gap analysis identified through literature review: The following gaps have been identified through analysis of the literature review: Supply chain: According to Mangan, Lalwani Lalwani (2016), supply chain involves all those activities that involve flow and transformation of goods from raw materials to finished products and the delivery of the products to the ultimate consumers. It is a network of activities that involves receiving raw materials from the suppliers, conversion the goods into final products and distribution of the final products to the customers. There are mainly three types of flows in a supply chain namely materials, information and capital. Supply chain management involves optimizing the functions and connecting the elements of a supply chain. The management of supply chain involves procedures, human resource, purchasing, packaging, checking, warehousing, delivery, establishing good relationships with the suppliers and ensuring efficient flow of information within the supply chain. Management of the activities involved in the supply chain is very essential in order to reduce uncertainty, maintaining appropriat e inventory levels, minimizing delays, eliminating unimportant activities and providing efficient customer service. The changes in the business environment and the increase in competition have led to evolution of several concepts including supply chain management. The automotive industry comprises of supply chain management as well as physical distribution management. It has undergone drastic change over the past few decades. Earlier the automotive industry used the push model to forecast the demand for its products. However, with the popularity of internet, the manufacturers as well as the customers have access to large quantity of data. According to Stadtler (2015), the automotive industry has evolved by using strategic relationships and automation and control solutions in its supply chain. In order to face the business challenges, the automotive industry is promoting new technologies and engineering models. Supply chain risk management: According to Gilmour (2015), supply chain risk management involves identification of the risks, analysis of the risks and evaluation of the risks. Supply chain risk management not only involves identification of the risks involved in the supply chain but also strives to mitigate the disruptions in the processes. Supply chain risk management involves identification of both internal and external environments. It plays an important role in collaborating with the partners and dealing with the risks and uncertainties that are related to logistics. Supply chain risk management issues in automotive industry: On the other hand, Rushton, Croucher, Baker (2014) stated that supply chain risk management identifies the points of failures within the supply chain and addresses these risks. The major risk associated with the automotive industry involves failure in providing quality products to the customers. This might lead to loss of customer base due to lower satisfaction levels of the customers. The decrease in the satisfaction level of the customers might adversely affect the overall sales of the company. Another risk involved is delay in the delivery of the products. It has been observed that lack of proper supply chain has often led to the failure of the automobile companies in delivering the products within the promised time frame to the customers. According to Brandenburg (2014), inaccuracy in the delivery and shipment process of the final products has led to huge number of escalations. Delivery of faulty products and delivery of products after the due date by the automotive companies have led to reduction in the customers satisfaction levels. Inaccurate process of delivery and shipment often results in delivery of the products to the wrong customers. All these factors adversely affect the sales and profitability of the automotive companies. On the other hand, Armstrong (2014) stated that the major threat associated with the supply chain of automotive industry is the inappropriate functioning of the internal processes of the supply chain. This might result in delays and quality issues that ultimately leads to dissatisfaction among the customers. Therefore, the greatest risk to the automotive industry is the improper functioning of its internal processes. Supply chain risk management issues in Ford, Australia: According to Stadtler (2015), the supply chain management issues faced by Ford is on the verge of shutting down its operations within Australia. Ford has been accused of delivering inferior quality goods and services to its customers that has led to the reduction in the satisfaction levels of the customers. The issues in the supply chain management of the company has adversely affected the market share of the company. The second issue faced by the company is the delay in the delivery of the products. The company has been delivering the products to the customers after due date. This has led to dissatisfaction among the customers as the services are not delivered to them within time. The dissatisfaction among the customers has adversely affected the trust of the customers and the reputation of the company ("Home", 2017). On the other hand, Holweg Helo (2014) stated that the suppliers of Ford have not delivered the goods and services on time that has caused disturbance in the supply chain of the company. There have also been several issues in the mode of transportation and the time of shipments due to natural disasters. The suppliers do not get information regarding the operation within the supply chain as the company has imposed restrictions on the access of cargo and the company controls the use of its electronic data (Ross, 2015). Evaluation of the solution: The automotive industry is highly competitive in nature. In order to obtain competitive advantage over the competitors, it becomes necessary for the companies to focus on the efficiency of their supply chain. Automation in the supply chain has the ability to increase the pace of work and reduce the delays. Automation also helps in reduction in wastages due to human errors. Automation helps in improving the quality of goods and services and obtaining accuracy in the supply chain operations (Bishop, Bell Evans, 2013). There can be several threats to the supply chain therefore; the severe threats are to be solved at priority basis. Once the threats have been identified and prioritized, the organizations can devise a suitable risk treatment plan. This involves providing protection to the supply chain from the threats, designing plans to face the issues and completely recovering from the risks. The risk management in supply chain involves continuous monitoring and review system that helps in responding to the changes in the internal processes as well as to the changes in the external environment including suppliers and regulations (Lavastre, Gunasekaran Spalanzani, 2014). Due to the problems faced by Ford in its supply chain, the company is outsourcing its operations. The company is highly dependent upon the suppliers and just-in-time approach in order to reduce the risks involved in the supply chain. Ford has used the six sigma approach that has resulted in a centralization of the network. This centralization has resulted in reduction in the inventory, improvement in the delivery and shipment processes and cost- savings (K?r?lmaz Erol, 2017). Implementation of lean supply chain also enables the automotive industries to overcome the risks associated with the supply chain. The lack of suppliers has been the greatest issue that increases the inventory cost. Therefore, identifying prospective suppliers in various locations can be useful in solving the supply chain issues. However, the issues faced by the automotive companies are of similar type but to some extent they vary from company to company. A few issues are generally witnessed in all the automotive companies but some of them vary due to the difference in the supply chain management and risk management strategies. The availability of resources and the internal and external environment of the companies differ from each other. The level of automation within the companies differ which gives rise to specific issues. Therefore, it becomes necessary for the companies to devise their own specific solutions in order to solve their specific supply chain issues. Alternative approach: The company must implement proper ERP system and other related technologies in order to ensure that the goods and services reach the customers within the due time. The company must adopt supply chain model according to the market conditions. The supply chain model shall help the company to respond to the rapid changes in the market. The supply chain must align the business objectives of the company with the operations and sales of the company. Ford must include sustainability in its supply chain operations. The company must minimize the consumption of non- renewable resources and use renewable energy in its operations. This will not only benefit the environment but shall also help the company to reduce its cost over long-term (Brandenburg et al., 2014). The company must ensure proper communication within the organization so that the risks are easily communicated to the members. Proper communication is necessary because it enables the members to to develop the risk strategies in order to ensure successful operations within the supply chain. The company must implement proper automation in its supply chain operations that will enable the company to avoid delays in the delivery and shipment of its products. Fully automated operations shall enable the company to produce quality products that will meet the requirements of the customers. Automation shall help the company in gaining back the confidence of the customers by delivering them quality products within the promised time. Using the latest technologies in the supply chain operations shall also enable the company to achieve economies of scale that shall help in reducing the overall costs. Limitations: The issues faced by all the automotive companies are more or less same but to some extent they vary from each other. The geographical location of the company, availability of human resources, political conditions, technologies, funds and investment of the companies vary from each other. Due to the difference in the internal and external environment of the organizations, there are differences in the issues faced by them. A few issues are generally witnessed in all the automotive companies but some of them vary due to the difference in the supply chain management and risk management strategies. The availability of resources and the internal and external environment of the companies differ from each other. The level of automation within the companies differ which gives rise to specific issues. Therefore, it becomes necessary for the companies to devise their own specific solutions in order to solve their specific supply chain issues. Therefore, due to the difference in the risks involved within the supply chain of the automotive companies, application of general supply chain risk management strategies shall not be effective in solving the issues. The issues faced by Ford are delivery of inferior quality goods and services to its customers that has led to the reduction in the satisfaction levels of the customers and delays in the delivery of the products to the customers. The issues within the supply chain management of the company have adversely affected the market share of the company. There have also been several issues in the mode of transportation and the time of shipments due to natural disasters. Therefore, the company is required to implement automation in its business operations so that the idle time is reduced and the products are delivered at the promised time to the customers. Automation shall also help in maintaining the quality of the products that shall increase the satisfaction levels of the custom ers. Conclusion: Supply chain risk management refers to identification of the risks involved in the supply chain and designing plans that strive to mitigate the disruptions in the processes. Supply chain risk management involves identification of both internal and external environments in order to ascertain the risks associated with the supply chain operations. The report discusses the general issues related to the automotive industry as well as the specific issues faced by Ford in Australia. The availability of resources and the internal and external environment of the companies differ from each other. The level of automation within the companies differ which gives rise to specific issues. Therefore, it becomes necessary for the companies to devise their own specific solutions in order to solve their specific supply chain issues. Therefore, it can be concluded that the general supply chain strategies cannot be applied to solve the specific issue of the companies. The internal and external environments of the companies differ that gives rise to specific issues. In case of Ford, the issues of delay in the delivery and shipment of the products and the issues related to the quality of products can be solved by implementing automation in all its supply chain operations. The issue of availability of raw materials can be solved by finding new prospective suppliers in the nearby localities and establishing good relations with them. This shall ensure constant supply of raw materials that shall enhance the continuity of the business operations. The delivery of good quality products within the due time shall increase the satisfaction level among the customers which will indirectly boost the sales and profits of the company along with the improvement in its brand image. 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