Purpose
In this project, you will gain an understanding of the control function in a business setting. You will compare actual performance with standards, and measure the progress toward the organizational goals, addressing any deviations through corrective action.
Outcome Met by Completing This Assignment
- develop measures and assess outcomes against plans and standards to improve organizational effectiveness
How to Set Up the Paper
Create a Word or Rich Text Format (RTF) document that is double-spaced using 12-point font. The final product will be 3-4 pages in length excluding the title page and reference page. Write clearly and concisely.
Create a title page with a title, course number and section, your name and the instructor’s name.
Scenario
The following chart displays the results of the first year’s production of a new electric-car produced by Sleek Motors. The table was created from data supplied by the company’s entire production department managed by Isaac Newton, as a means of controlling production output. You recently joined the production department as a quality assurance associate after grading with a degree in business. Your manager, Tomas has asked you to do an analysis on the first year’s production results. Tomas indicated that this information will be used by the Vice President in his evaluation of areas of improvement, change, or processes used by the production department in the production of the mini-car. The company aims for the highest possible quality products for consumers.
The chart below describes the standards set by the department and the results for each branch of Sleek Motors. A comparison of the standard to the results allows the reader to form conclusions about the success or failure of the production department to meet the goals envisioned by the company. It also allows the reader to recognize patterns from the data from which conclusions can be drawn as to the relationship between elements (e.g. cost expended vs time expended; those who spent more time had a higher cost).
MetricsStandardFort WayneGeorgetownKoenigseggKansas CityLingottoTotal Cost to Manufacture (per unit)13,50015,25014,10012,75016,00014,250Manufacturing Cycle Time (time to complete single vehicle – in hours)151816121214Yield (percentage of cars produced to specifications first time without rework)98%99%97%96.50%97.50%95.15%Defective Rate/Recall Rate2%1%3%3.50%2.50%4.85%Scrap Rate2%3%4%2.50%2%1.90%Average Production Downtime0.50%1%1.50%0.75%0.50%0.75%Training Time (hours per month)863574Shipping Problems/Damage (per 10,000 units)124213Safety Incident per Employee1.50%2.25%0.75%3%2%1.90%Number of units manufactured per year45,00043,00027,00042,50048,00045,500Utilization Rate (Capacity rate facility is utilizing during available production time)81.82%78.18%49.09%77.27%87.27%82.73%
Use the following headings and instructions to complete the project:
Introduction
- Write an Introduction paragraph. The Introduction paragraph is the first paragraph of the paper and will be used to describe to the reader the intent of the paper explaining the main points covered in the paper. This intent should be understood prior to reading the remainder of the paper so the reader knows exactly what is being covered in the paper.
- Consider writing the introduction last to ensure that all of the main points are covered.
Controls
- Explain what control means in a business setting
- Explain why Sleek Motors needs to be concerned with the results for the electric-car
Standard Specifications
- Compare the actual performance with the standards for the electric-car drawing conclusions from what is evident from the data in the table. Make sure to discuss each standard and explain the results for each branch.
- Analyze the deviations between the branches and the standards for each metric.
- Determine whether more control is necessary or if the standard should be changed. Explain the reasoning.
Corrective Action
- Explain how implementing Total Quality Management can develop solutions to resolve Sleek Motors’ issues with meeting the standards and/or make changes to processes or behaviors.
Conclusion
Create a concluding paragraph. The Conclusion summarizes the main topics discussed in the paper.
References
Review the Paper
Read the paper to ensure all required elements are present.
The following are specific requirements that you will follow. Use the checklist to mark off that you have followed each specific requirement.
Checklist
Specific Project Requirements
Proofread your paper
Read and use the grading rubric while completing the paper to ensure all requirements are met that will lead to the highest possible grade.
Third person writing is required. Third person means that there are no words such as “I, me, my, we, or us” (first person writing), nor is there use of “you or your” (second person writing). If uncertain how to write in the third person, view this link: http://www.quickanddirtytips.com/education/grammar/first-second-and-third-person.
Contractions are not used in business writing, so do not use them.
Paraphrase and do not use direct quotations. Paraphrase means you do not use more than four consecutive words from a source document. Removing quotation marks and citing is inappropriate. Instead put a passage from a source document into your own words and attribute the passage to the source document. There should be no passages with quotation marks. Using more than four consecutive words from a source document would require direct quotation marks. Changing words from a passage does not exclude the passage from having quotation marks. If more than four consecutive words are used from source documents, this material will not be included in the grade.
You are expected to use the research and weekly course materials to develop the analysis and support the reasoning. There should be a robust use of the course material. Material used from a source document must be cited and referenced. A reference within a reference list cannot exist without an associated in-text citation and vice versa. Changing words from a passage does not exclude the passage from having quotation marks.
Use in-text citations and provide a reference list that contains the reference associated with each in-text citation.
You may not use books in completing this problem set unless part of the course material. Also, do not use a dictionary, Wikipedia or Investopedia or similar sources.
Provide the page or paragraph number in every in-text citation presented. Since the eBook does not have page numbers, include the chapter title and topic heading. If using a video, provide the minutes and second of the cited material.