Company T started work in 2003 and specialized in making cars, batteries, and solar panels. The company came up with models costing less than $35,000 which affected the finances and the company suffered losses. The credit rating of the company also went down. The company’s owner and CEO EM stated that manufacturing of model 3 caused many problems as the model had a high defect rate. Company T cannot maintain the production line for the high arising demand. Company T’s production line suffered due to too much automation, as EM decided for many features to be automated. The idea of automation made production even slower. The idea of EM to add robots became more expensive for companies that employees as high professionals were required to program robots. The models failed in markets due to many problems and even were a lot expensive to the company. However, EM disagreed with the critics and said that they will be earning profit in the coming times. EM agreed that using robots was his mistake and he started working as a nano-manager. The direct oversight of EM helped him manage the production line of Model 3. He temporarily stopped the production line of Model 3 and committed to increasing the production. The company added a production shift, hired workers. Critics said that this is definitely not a good idea and will add more pressure on the finances of the company. Considering all the expenses the company made in expenses, the question is whether the EM will run out of cash or not. To explain: The barriers to control success that is showed by the company with the help of examples.

Question

Want to see the full answer?

Answer 1

Question

Chapter 16, Problem 6MIA

Summary Introduction

Case summary: Company T started work in 2003 and specialized in making cars, batteries, and solar panels. The company came up with models costing less than $35,000 which affected the finances and the company suffered losses. The credit rating of the company also went down. The company’s owner and CEO EM stated that manufacturing of model 3 caused many problems as the model had a high defect rate. Company T cannot maintain the production line for the high arising demand. Company T’s production line suffered due to too much automation, as EM decided for many features to be automated. The idea of automation made production even slower. The idea of EM to add robots became more expensive for companies that employees as high professionals were required to program robots. The models failed in markets due to many problems and even were a lot expensive to the company. However, EM disagreed with the critics and said that they will be earning profit in the coming times. EM agreed that using robots was his mistake and he started working as a nano-manager. The direct oversight of EM helped him manage the production line of Model 3. He temporarily stopped the production line of Model 3 and committed to increasing the production. The company added a production shift, hired workers. Critics said that this is definitely not a good idea and will add more pressure on the finances of the company. Considering all the expenses the company made in expenses, the question is whether the EM will run out of cash or not.

To explain:The barriers to control success that is showed by the company with the help of examples.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Given the following request to an AI chatbot, which response is more accurate? (You should use Google to verify that the factual claims in each response are accurate.) Prompt What is the Lizzie McGuire film about? Response Response A Response B The Lizzie McGuire Movie is a 2003 film that serves as a sequel to the Disney Channel series, Lizzie McGuire, about a young girl navigating her early teen years with her family and three best friends, Miranda (played by Hilary Duff) and Gordo (played by Adam Sandler). In the film, the three friends travel to Rome with their classmates after graduating junior high. Lizzie discovers that she is the spitting image of an Italian pop star, and is asked to take her place on stage at the International Music Video Awards alongside the pop star’s handsome ex, Paolo. Meanwhile, Gordo must decide whether to confess his feelings for Lizzie, or allow her to live out a pop star fantasy with Paolo. The film stars Hilary Duff as Lizzie, as well as…

MJ'sJewellery reported the following amounts at the end of the year: total jewellery sales = $650,000; sales discounts = $15,000; sales returns = $40,000; salesallowances = $20,000. Compute net sales.

In my International strategy and operation classes i have been asked to to analyse a company. Can you analyse the main operational challenges the Toyota's company faces in delivering its international strategy regarding the Supply chain and logistics challenges, Global organisational structure and decision-making, Hr and Cultural Adaptation Issues, The financial and regulatory compliance with example. It will help me have a better understanding in my courses. Thanks!