BGMT 364 UMGC Week 7 Management and Organization Theory Control Function Essay

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Rylnaar2016

Business Finance

bgmt 364

University of Maryland Global Campus

BGMT

Description

BMGT 364 Project 4 (Week 7) - Controlling

Project 4 is due on Tuesday of week 7 at 11:59 p.m. eastern time.

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

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Instructions BMGT 364 Project 4 (Week 7) - Controlling • Project 4 is due on Tuesday of week 7 at 11:59 p.m. eastern time. 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). Metrics Total Cost to Manufacture (per unit) Manufacturing Cycle Time (time to complete single vehicle - in hours) Fort Wayne Standard Georgetown Koenigsegg Kansas City Lingotto 13,500 15,250 14,100 12,750 16,000 14,250 15 18 16 12 12 14 Yield (percentage of cars produced to specifications first time without rework) 98% 99% 97% 96.50% 97.50% 95.15% Defective Rate/Recall Rate 2% 1% 3% 3.50% 2.50% 4.85% Scrap Rate Average Production Downtime Training Time (hours per month) Shipping Problems/Damage (per 10,000 units) Safety Incident per Employee Number of units manufactured per year 2% 3% 4% 2.50% 2% 1.90% 0.50% 1% 1.50% 0.75% 0.50% 0.75% 8 6 3 5 7 4 1 2 4 2 1 3 1.50% 2.25% 0.75% 3% 2% 1.90% 45,000 43,000 27,000 42,500 48,000 45,500 81.82% 78.18% 49.09% 77.27% 87.27% 82.73% Utilization Rate (Capacity rate facility is utilizing during available production time) 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-thirdperson. 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. Submit the paper in the Assignment Folder (The assignment submitted to the Assignment Folder will be considered the student's final product and therefore ready for grading by the instructor. It is incumbent upon the student to verify the assignment is the correct submission. No exceptions will be considered by the instructor). Self-Plagiarism: Self-plagiarism is the act of reusing significant, identical or nearly identical portions of one's own work. You cannot re-use any portion of a paper or other graded work that was submitted to another class even if you are retaking this course. You also will not reuse any portion of previously submitted work in this class. A zero will be assigned to the assignment if self-plagiarized. Faculty do not have the discretion to accept self-plagiarized work. NOTE: All submitted work is to be your original work. You may not use any work from another student, the Internet or an online clearinghouse. You are expected to understand the Academic Dishonesty and Plagiarism Policy, and know that it is your responsibility to learn about instructor and general academic expectations with regard to proper citation of sources as specified in the APA Publication Manual, 6th Ed. (Students are held accountable for in-text citations and an associated reference list only).
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OUTLINE
CONTROLLING
THESIS STATEMENT: This paper encapsulates the control function in management of
organizations. Specifically, it analyzes the actual performance of Steel Motors branches against
the established standard for various metrics.
I.
II.

Introduction
Controls

III.

Standard specification

IV.

Corrective action

V.

Conclusion


Running Head: CONTROLLING

Controlling
Name:
Institution:
Course Code:

CONTROLLING

2
Controlling

Introduction
Control is a management function that carries significant weight in determining the
success of organizations. In controlling production, standards are usually created as a measure to
benchmark the actual performance of an organization. Steel Motors is an organization pursuing
the production of a new electric vehicle, and its various branches display different actual
performance over a one-year period, which is compared to the standard of various metrics.
Corrective action for the existing disparities is extensively discussed.
Controls
Control is an integral component in the management of organizations. In the business
setting, it is a function that is used to make sure that what is done is that which was intended. The
function of control entails comparing actual results attained by a firm to the planned results
(Misun, 2017). Various steps characterize the control function in business entities. The processes
include the determination of aspects to control, the development of standards, measuring
performance and undertaking comparisons against the established standards, identifying the
nature of performance, pursuing corrective actions whenever needed, and making adjustments to
the standards and measures if required.
Sleek Motors need to be worried about the results for their new electric-car production. In
the first year’s production results, the standard set by the organization on multiple production
processes has not been achieved. The failure to achieve these standards is evident across its five
branches with some of the branches underperforming significantly compared to their

CONTROLLING

3

counterparts. It is necessary for Sleek Motors to reevaluate its standards or adjust its production
approaches to the electric-car.
Standard specifications
There are various disparities regarding the standards set in the production metrics and the
actual performance of the various branches of Sleek Motors. The standard total cost to
manufacture has been surpassed by four of the five branches of the company. Koenigsegg is the
only branch of Sleek Motors to display cost-efficiency in the production with a total
manufacturing cost of 12,750 compared to the standard 13,500. Kansas City branch is the worst
performing in terms of cost-efficiency with its record of 16,000 total cost to manufacture, which
is 2,500 more than the standard. Moreover, Fort Wayne, Lingotto, and Georgetown branches all
go beyond the standard total manufacturing cost, with the figures of 15,250, 14,250, and 14,200,
respectively.
Regarding the manufacturing cycle time, the organization has performed relatively. Three
out of the five branches, including Koenigsegg, Kansas City, and Lingotto, have performed
better than the standard time set to complete a single vehicle in hours. However, Fort Wayne and
Georgetown branches underperform in the production efficiency regarding time as the total
manufacturing time for both exceeds the standa...


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