Preview

Some Keys to Making a Steinway

Good Essays
Open Document
Open Document
782 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Some Keys to Making a Steinway
Some Keys to Making a Steinway
Chapter 1 Closing Case

Abstract
This essay will explain the management process of a Steinway grand piano. More specifically I will discuss in detail the elements of their subsystem, how the company uses the transformation process as inputs and outputs into the environment. Additionally, I will discuss the companies behavioral and operations principles as well as the contingency and universal perspective.

The creation and components of a unique Steinway grand piano consists of numerous subsystems that systematically work together within a larger system. Since it’s inception the company has had a system in place while they assembled the grand piano paralleled to the essential departments that completed the entire process. According to what the vignette tells us without the financial department and their accuracy that ensures money is available and all the checks and balances are clear the company will not be able to provide the materials to build the pianos or more importantly pay the laborers to ensure production goes smoothly. The approximate cost for this finished product is anywhere from $45,000 upwards to $110,000. The cost of this piano weighs heavily on the financial department and they need to ensure that they provide the proper materials and the required labor to guarantee the promised quality product Steinway and Sons offers to the consumer. The marketing department will be the team that sells this one of a kind product. In my eyes this department has the easiest job since the reputation of a Steinway piano sells itself. Then you have the management department that will oversee all of the distinct departments and make certain that each one is running like a well-oiled machine. To safeguard that every department is running smoothly each subsystem will have managers that will keep their specific department on target. Another component to



References: Griffin, R. (2012). Fundamentals of Management, Sixth Edition. Mason, OH: South-Western. Steinway & Sons (2011, September 22). The Making of a Steinway - A Steinway & Sons Factory Tour Narrated by John Steinway [Video file]. Retrieved from http://www.youtube.com/watch?v=jAInt7hIZlU About Steinway. (n.d.). Retrieved January 16, 2014, from http://http://www.steinway.com/about/ 160 Facts About Steinway And The Pianos They Build. (2014, January 16). Retrieved from http://www.steinwaypianos.com/159-facts-about-steinway-and-the-pianos-they-build

You May Also Find These Documents Helpful

  • Good Essays

    With this, he needs to have a low cost of production (Gad, 2014). When a bad year hits George’s Trains, the chance of still churning out a profit or reporting a smaller net loss is achievable. A company that cannot compete by staying abreast of market changes and trends is doomed in the end. George realized this and moved to expanding his product line outside of a one-man band – trains! Finally, management should possess financial skill (Gad, 2014). George relied on his bank and trending past years as well as utilizing the books from the previous owner. In doing this, George is able to maximize his return on investment capital, and other important components of business success (Gad,…

    • 796 Words
    • 4 Pages
    Good Essays
  • Best Essays

    What Tools Does an Architect Use? (with Pictures) | eHow | Jennifer Roberts | [WEBSITE] Available at: http://www.ehow.com/facts_5825948_tools-architect-use_.html [Accessed 27 May 2015].…

    • 1754 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    The author of this paper’s intention is to present and examine a multi-national corporation. Dissect the how’s and what’s about it, and simply discuss its processes. The author will be giving a brief background on the company to easily elaborate how it is that the company is successful compared to its past. Its products and services will be conversed and the company’s industry will be discussed as well as its competitors and its market. Basically everything that has to do with the company will be discussed. Everything will be brought forth for the purpose of finding out what the company’s strategic management process is. In conclusion giving it a feasible action that can be applied to better the company overall.…

    • 2178 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    The Squeaky Horn

    • 2102 Words
    • 9 Pages

    Eugene Decker, one of the three owners of The Squeaky Horn, was trying to figure out the reason for losing $50745 in their planned profit from the actual operating results, with the information that the store has been going through significant changes within the year. In order to explain the change in profit, it is necessary to have a good understanding of the musical instrument repair industry from both macroeconomic and microeconomic aspects first.…

    • 2102 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Adn Rn vs Bsn Rn

    • 1052 Words
    • 5 Pages

    Quan, K. (2006, October 12). What is a Nurse? Retrieved September 17, 2010, from Http://www.suite101.com/content/what-is-a-nurse--a7761.…

    • 1052 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    The Goal Analysis

    • 1031 Words
    • 5 Pages

    Throughout this transformation story the reader is able to learn many valuable theories related to system and production management. Most notably the reader sees how Alex and his team (with the help of Jonah) learn and then implement the “Theory of Constraints” in their plant to improve operations. I will discuss the details of this theory in the following paragraphs.…

    • 1031 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Analyzing Concept

    • 881 Words
    • 4 Pages

    Norman, W. (n.d.) At what age can you neuter a cat? Retrieved January 25, 2012, from http://www.ehow.com/facts_6979965_age-can-neuter-cat_.html…

    • 881 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Build a Bear

    • 3522 Words
    • 15 Pages

    Build-A-Bear is a toy shop which sells fully customisable bears and accessories which are created and manufactured by the customer and put together by staff. The company has opened more than 200 stores and has custom-made more than 30 million teddy bears. Annual revenues reached 262 million Euro’s in 2005 and it is predicted that the company will experience a 20% annual growth. The share price has increased by 56% since it went public. Build-A-Bear hopes to franchise 20 stores per year, internationally. This coursework looks at the operations in detail, specifically the inputs, processes and outputs of the company using a process model to illustrate. This also helps to show how the company uses a unique manufacturing technique (allowing the customers to get involved). Moreover, I will look at how Build-A-Bear differentiates itself from traditional toy shops in order to gain an insight into how its sales growth has survived when other, similar, toy shops have failed. I hope to analyse the customer relationships that the company has built up and why it has input so much into retaining its customers, using the idea of customer equity and customer lifetime value.…

    • 3522 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Leed Certification

    • 1581 Words
    • 7 Pages

    (2008). The cost of LEED certification. Retrieved October 5, 2008, from DCD Web site: http://www.dcd.com/insights/novdec_2005_22.html…

    • 1581 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Wiki Answers (August 22, 2013) What was the general working conditions in northeastern factories, Retrieved from: http://wiki.answers.com/Q/What_was_the_general_working_condition_in_northeastern_factories…

    • 289 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Organizational Theory Paper

    • 2780 Words
    • 12 Pages

    Benson Metal Company makes a variety of metals that are purchased by manufacturers or specialized metal firms. It has been in existence for decades; thus, making it one of the five or six leading firms in the specialty steel industry. With such success, it has been listed on the stock exchange and has employed about 1,500 workers. The Benson Company and its competitors are moving into a changing environment, where it is a more sophisticated and technically more difficult steels, largely for the aerospace industry. Production for the aerospace industry requires more research skills and quality handling in all the stages of production. As the environment surrounding The Benson Company is changing and the steel industry is growing, the internal environment within the company will have to be well connected across different departments and have a good flow of communication and authority in order to meet the demand of its stakeholders and maintain its already established position in the industry. There is a formidable problem within the organization, as the production and sales department do not get along well; therefore, causing both departments to not inter-change information and resources that deal with the meeting of production demands. The vice president of production Mr. Ramsey Stockwell also has a problem within his department and across the top-management team. The Benson Company would have to formulate solutions for their current dilemma within the organization because they cannot allow these problems to presently exist, as they could face a steep price for it. This report will attempt to analyze the current situation that dwells in the organization, by the use of organizational theories attempt to elucidate different alternatives the organization can…

    • 2780 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    The main message of the book is that the proper way to manage any operation, whether it’s a manufacturing plant or a web design shop or a clothing store, is to: 1) Identify what needs to be changed. 2) Identify what it should be changed to. 3) Identify how to execute the change.…

    • 1060 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Romeo Engine Point

    • 282 Words
    • 2 Pages

    3. What management control and feedback systems was in-place at Romeo. How did these management control systems assist with the implementation of Romeo’s overall manufacturing strategy?…

    • 282 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    It is a family-run business which has been producing high-quality and expensive nostalgic wooden toys for over 50 years. The products, targeting at both children and parents, are distributed via up-market retailers and department stores. It strives to continually improve the quality of its existing products and does not focus greatly on developing new product. The business strategy of it is to sustain its competitive advantage by differentiating itself in terms of high product quality, superior customer services and unique product feature which is ‘nostalgic’ focus. Its challenges include how to maintain the high quality of products and services: how to source and retain the skilled labor, e.g. craftsmen, how to expand production capacity to…

    • 1719 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    DJM is a small aircraft parts wholesale distributor in South Florida, its main business is the distribution of expendable parts used on airplanes. The goal of the company is to provide quality parts and a reasonable price and to acknowledge that its employees are its greatest assets. About twelve years ago DJM was born. In the first couple of years the goal of providing quality parts at a reasonable price was the driving force. There only three people in a small warehouse surrounded by parts. Four years in the owner realized this concept was getting to big for the three of them to handle and they had to figure out a way to incorporate the family feel with the integrity of a repeatable company. So they started out by forming their "Bridge".…

    • 1458 Words
    • 5 Pages
    Powerful Essays

Related Topics