Mgmt530 Week1 Caseanalysis

Satisfactory Essays
MGMT530 – Conference Decision
Week 1 Case Analysis

1) Define the decision problem?
The decision problem at hand would be how exactly we still continue with the conference at a new location given all the surrounding circumstances due to Hurricane Katrina.

2) What is the general nature of the problem?
The general nature of the problem is that we do not currently have a conference location as we are nearing the eleventh hour due to a hurricane but last minute adjustments would risk losing users and customers because of the potential higher costs.

3) What event triggered the situation?
Hurricane Katrina triggered the situation

4) What are the imposed constraints on the situation?
There are several imposed constraints including the fact that all attendees have prepaid for attendance and if the date is changed many attendees many not attempt to attend for a second time.

5) What are the underlying elements of the problem?
The underlying elements are that the city is being destroyed by a natural disaster, but the accounting system still needs to generate positive growth/profit.

6) Describe the dependencies on other decisions?
Conference attendance is dependent upon finding a safe venue of equal value without losing a large profit from the company; company profit is dependent upon potential new customers who will attend the conference; (seeing as the conference organizers have worked with the local visitor’s bureau, thus the company is located in or near New Orleans, LA) the future of the company may be dependent upon the overall destruction of the city by this terrible storm

You May Also Find These Documents Helpful

  • Satisfactory Essays

    week1

    • 373 Words
    • 2 Pages

    opinion? What are the four basic HRM functions? How exactly do these functions assist the organization in reaching its goals? These functions—staffing, training and development, compensation and benefits, and employee relations (DeVry Lecture 2015, Week1) Human resource management is the process of acquiring, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns. (Dessler, 2013 p.4). How exactly do these functions assist…

    • 373 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    JessWesterly CaseAnalysis

    • 1086 Words
    • 4 Pages

    Jess Westerly Case Analysis Kanakavelan Gothandaraman DeSales University Professor: Dr. Alok Chakrabarti CR505 – Organization Management (Winter-2015) Table of Contents 1. Case Abstract 3 2. How effective has Jess Westerly been in taking charge an assistant product owner at Kauflauf? 3 3. Why did her first attempt to change sales call pattern fail? 4 4. Does her proposal to change call patterns make sense? Why or why not? 4 5. What action should she takes to ensure that her next…

    • 1086 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    The breakeven calculation In the World Wide Drugs case, the given figures are summarized as follow: Monthly Sales: $96/ monthly treatment, of which $66 is paid to WWD and $30 is paid to the doctor Variable Cost: $26.40/ treatment, of which $9.60 is for the potential product litigation costs. Fixed Cost: $24,000,000 The breakeven point (in units of monthly treatments) when WWD’s variable costs include $9.60 estimate is calculated as follow (all answers are rounded to 2 decimal places): 0 = $66.00x…

    • 481 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    MGMT530 –Conference Decision Week 1 Case Analysis Wenqing Han D01678446 11/1/13 1) Define the decision problem? This case describes the problem of an accounting system user’s conference cannot be held on time due to the Hurricane Katrina, and the management has to come up with a decision of either moving to a new location or to switch to other dates under all circumstances at a short period of time. 2) What is the general nature of the problem…

    • 468 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    week1

    • 1711 Words
    • 7 Pages

    1 Assignment 1 1 Assignment 1 What is the difference between a discussion you have in a college class and a casual conversation with a friend? • What are three different ways you can demonstrate respect for your fellow classmates during class discussions? The difference between a discussion you have in college and a casual is relationships and tone of voice. When holding a conversation with your friend, you may feel more comfortable expressing with less of a concern about…

    • 1711 Words
    • 7 Pages
    Satisfactory Essays
  • Good Essays

    Week1

    • 1751 Words
    • 8 Pages

    Chapter 2 Problem 2-16 a. International Standards on Auditing are established by the (1) International Accounting Standards Board. (2) International Auditing and Assurance Standards Board. (3) Auditing Standards Board. (4) Global Auditing Standards Board. b. Which of the following best describes what is meant by U.S. generally accepted auditing standards? (1) Acts to be performed by the auditor. (2) Measures of the quality of the auditor’s performance. (3) Procedures to be used…

    • 1751 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    Week1

    • 308 Words
    • 2 Pages

    Business Description What is the purpose of your business? The purpose of my business is bring vitality to customer’s busy inner city lives and get people eating healthier. What values will drive your business? The values drive our business will be aspects as following: Our food Pursuing to provide real health food with excellent quality. Our team We regard our team, working place as a family. We are here not only for a job but also for creating our life. Our life in a relationship of caring…

    • 308 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    GlaxoSmithK in China: Case Analysis Abubakarr S. Jalloh (A.J) University of Maryland University College AMBA 660.9040 January 23, 2015 Professor Mohamed Ezz, MD Joseph Nathan was a businessman in New Zeeland who conducted business on mainly imports and exports. In 1904, Joseph attained the rights to produce dried up milk which was later sold as baby food called Glaxo. GlaxoSmithKline got its name in the early 1990’s after Glaxo a pharmaceutical firm created in New Zeeland merged…

    • 1710 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Week1 Paper

    • 434 Words
    • 2 Pages

    Foundations of Human Development in the Social Environment Paper Chris Hawks BSHS/325 6/10/2015 Deeneice Goodson Foundations of Human Development in the Social Environment Paper When looking at the foundations of human development in the social environment, there are several areas to examine. One area to start with would be to take a glance at the interactions between the bio-psycho-social dimensions of development. From there we can move onto the concept of human diversity and cultural competence…

    • 434 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    DB Week1

    • 553 Words
    • 2 Pages

    Oliver M. Brown DB#1: Mission & Missions 12Feb2015 After reading Moreau et al., ch. 1, how is mission and missions defined? How is this similar to or different from your previous ideas about missions? Finally, tell us about any involvement in missions that you have previously had (i.e., short-term missions, praying for missionaries) and what you hope to gain from this class. A. Scott Moreau identifies the discrepancy between the two terms mission and missions.[1]…

    • 553 Words
    • 2 Pages
    Good Essays