Honeywell
estructuring isk Management at Honeywell
As a large, multinational manufacturer and distributor of a variety of commercial and consumer products, Honeywell faces a large number of varying risks in its operations. anging from financial risks such as changing exchange rates combined with fixed-price future payments to risks more directly associated with operations such as employee liability and a variety of product flow interruptions, the variety and degree of risk exposure Honeywell has necessitates a comprehensive and careful risk management system and strategy that promotes the control of risks and the mitigating of damages (Case, n.d.). The following pages detail a proposed change in risk management strategy at Honeywell, assessing its objectives, its apparent degree of success in achieving those objectives, and an estimation of the cost difference between the old and new risk management programs, concluding with a recommendation for Honeywell as it moves forward in its risk management strategy.
Program Objectives
The…...
mlaReferences
Lam, J. (2003). Enterprise Risk Management. New York: Wiley.
Case. (n.d.).
This is crucial because though the information and knowledge may well have been created or resolved within the organization, this does not in and of itself assure that such knowledge will remain there within or serve to benefit the organization's overall effectiveness. To this end, our research tells that "in today's world of business, companies need to understand the importance of effectively managing their knowledge. Years ago, employees would stay with a company for many years before moving on while many planned upon a lifetime of dedication to their organization. In today's industries, it is not uncommon to find employees who stay no more than three to four years without looking to move on. hen a company loses a skilled employee, they also lose the knowledge that the employee has gained." (Marshall, 3) This is to say that if we, at Honeywell, do not create a system that allows…...
mlaWorks Cited
Beddoni, J. (2008). Introducing Blog Technology to Enhance Communications. JABIT Digital Designs and Ideas.
Cammarata, V. (2007). Wikibility of Innovation Oriented Workplaces. University of Lugano.
Goodnoe, E. (2005). How to use Wikis for Business. Information Week.
Marshall, K.R. (2008). Utilizing Web 2.0 Technology to Enhance Enterprise Knowledge Management. Enhance Enterprise KMS.
Honeywell's organizational culture emphasizes attention to detail as part of the firm's commitment to excellence, growth, and consumer satisfaction. There are four pillars to Honeywell's organizational culture and the first and foremost is the one that focuses squarely on the employee's need to pay close attention to everything that he or she is expected to do. This includes having leaders who are able to adapt across cultures and be responsive to the complex needs of others who live and work outside the immediate circumference in which the director, leader, manager or lower-level employee is used to operating in (Kelley, 2016, p. 213). This paper will describe how Honeywell's culture and commitment to attention to detail has paid off for the company over recent years, as the firm has succeeded in boosting net income to more than $6.5 billion in the most recent fiscal year (Honeywell Annual Report, 2016).
Organizational culture is…...
Thus to sum up, the Primus Epic, a modern integrated avionics system created by Honeywell, was along with the Bell/Augusta AB139 on which it was found fit, was then extended to the Primus Epic AW139 for helicopters. The unique feature is that the Primus Epic is a single package that performs a number of integrated functions and the mentionable feature is the display technology and the interactive navigation system. This has condensed a number of flight related activities in a single unit. Landings have been made very safe with the Enhanced Ground Proximity Warning system and there are reports of trails by various pilots which were conducted on many machines from the Cessna and many winged crafts. Particular mention has to be made on the trial on the Augusta Wetland Helicopters - the AW139 which has a special system designed for it and all the capabilities that a helicopter pilot…...
mlaReferences
Goyer, Robert. (2010) "EVS and SVS: The future of your PFD?"
Retrieved 20 February 2011 from http://www.flyingmag.com/avionics-gear/oem-avionics/evs-and-svs-future-your-pfd?page=0,0
Goyer, Robert. (2003) "Primus Epic Gets First Certification Flying"
Retrieved 20 February 2011 from http://www.flyingmag.com/gear/avionics/primus-epic-gets-first-certification
The following definitions may be helpful.
Category 1 APUs are installed where in-flight auxiliary power operation is necessary. Category 1 APUs are usually required for essential APU installations. These APUs have been shown to meet all of the test and analysis requirements of the Minimum Performance Standard (MPS) of TSO C77b, Appendix 1.
Category 2 APUs are installed where in-flight APU operation is not necessary (non-essential installations).
Both Category 1 and Category 2 APUs are acceptable for non-essential APU installations. Category 2 APUs are not required to meet all of the test and analysis requirements that Category 1 APUs are subjected to. (See TSO C77b, Appendix 1, for the detailed requirements). (Category 1 and Category 2 APU, 2005). (See Appendix a for another example of an APU)
History (may need something different for this part - raw research) significant early demonstration was of the first liquid-fueled, fuel cell APU on a vehicle. This…...
mlaReferences
Canadian Inventor Develops Airplane Auxiliary Power Unit Passive Cooling System. U.S. Fed News Service, Including U.S. State News. HT Media Ltd. 2008. Retrieved February 28, 2009 from HighBeam Research:
Jefferson's Principles and their Impact on Education
Jefferson's radical beliefs in the inherent moral and developmental capacities of humans, and in their capacities to take part to participatory democracy, in turn reinforced his enduring commitment to an education that would be accessible to all. Jefferson was well aware that democracy could only work properly when the people were both virtuous and enlightened.
From these notions that people were naturally virtuous but not naturally enlightened, but that enlightenment was necessary for democracy, it followed that the society had a vested interest in investing in education to provide enlightenment.
In a letter to the Welsh born philosopher Richard Price dated January 8, 1789, Jefferson observed that "wherever the people are well informed they can be trusted with their government."
uch well informed or enlightened people could be relied on, "whenever things get so far wrong as to attract their notice," to set the matters at hand…...
mlaSources
Primary
Ford, W. Ed. Thomas Jefferson Correspondence. Boston, 1916.
Jefferson, T. The Life and Selected Writings of Thomas Jefferson. New York: Modern Library, 1993.
Public and Private Papers New York: Vintage Books/the Library of America, 1990.
Jack Welch Leadership Strategies
Jack Welch is rated as the greatest CEO of the current generation and one of the greatest business leaders of all times. The legendary leader, donned the top post in General Electric (GE) from April 1981 to September 2001, taking the company from mediocre levels to the very top levels, in the process turning the very basic concepts on which businesses were run till then. When he took over the top job as Chairman and CEO in 1981 at a relatively young age, GE had annual revenues of U.S.$25 billion and profits of U.S.$1.5 billion, rated as tenth best among the American public companies.
In year 2001, when Welch finally hung up his boots, GE did sales of U.S.$125.9 billion with profits soaring to U.S.$14.1 billion. During the rather long tenure of almost twenty years, GE delivered dramatic results on many counts. From 1993 to 1998, GE was…...
mlaBibliography
Bennis, W and Nanus, B - 'Leaders: Strategies for Taking Charge', HarperCollins, 1985
Bennis, W - "Leadership' in 'Writers on Leadership', (ed) van Maurik, J, London: Penguin, 2001
Bock, W - 'Professional spotlight: Jack Welch', 2001, accessed 2004, available at www.mondaymemo.net/010910feature.htm. Accessed on 18 April, 2004
O'Boyle, T - 'At Any Cost - Jack Welch, General Electric and the Pursuit of Profit', New York: Knopf, 1998
Radio Altimeter effectiveness and CFIT
How can technology be used to effectively diminish CFIT and ALA incidents?
Air travel is one of the safest means of traveling from one location to another in the world. Without air traffic, the business world would come to a screeching halt. Although businesses can transfer mass amounts of digital communications DATA, thus eliminating much of the demand on mail and fax transmissions of just a decade ago, businesses organizations can still not transfer products, mail, personnel, and other hard goods through electronic blips on the internet. Travel still relies on airliners and cargo air-busses which fill the skies around the world and around the clock. The experts are agreed that global commercial air traffic will grow at an average 5% per year over the next 20 years. This means that traffic will double in 15 years and will practically triple by the end of the second…...
mlaJensen, D. (2000, November) EGPWS: look what it can do now. Retrieved 14 November, 2003. from Avaition Today, Website: http://www.aviationtoday.com/cgi/av/show_mag.cgi?pub=av&mon=1100&file=coverstory.htm
Matteo, Luccio. (2001, 1 Oct.) GPS and Aviation Safety. GPS World.
Unraveling the Mystery of General Aviation Controlled Flight Into Terrain Accidents Using HFACS. (2002) Retrieved 14 Nov. 2003 from Institute of Aviation. Website: http://www.aviation.uiuc.edu/new/html/ARL/conference/shappellwiegavpsy01.pdf
controversy is of Zylon® in body armor
The story of the controversy surrounding the use of Zylon® in body armor seems to be a rather predictable tale of the obfuscations of business and government concerning public health and safety, with the expected casualties and penalizing of its whistle-blowers. One of the differences and the many others that have emerged concerning product safety in this post-atomic age is that in this case it has only taken a single death for the biggest name in business to immediately recant and actively pursue some kind of resolution, even if it might not be what its customers would find perfectly ideal.
Zylon® is a fiber filament manufactured by Toyobo, a Japanese firm. It is used in the majority of the most popular bulletproof body armor types, and also in other commercial projects, including flame resistant clothing and equipment. Among the companies using Zylon® is Second…...
mlaBibliography
Armor Holdings Products Division: "Letter to Customers." Accessed Feb 1, 2003 at http://www.napo.org/legislative-update/Zylon/LettertoCustomers.pdf
Bellis, Mary. "The History of Kevlar - Stephanie Kwolek." Accessed Feb 1, 2003 at: http://inventors.about.com/library/inventors/blkevlar.htm
Exeter news letter. "NH Cops Told Vests Not Bulletproof " Police One. Accessed Feb 1, 2003 at:... http://www.policeone.com/policeone/frontend/parser.cfm?object=PC&tmpl=custom&search=DTYGR-TACTC-BDARM&operation=full_article&id=71248
Honeywell Spectra. 'Technical Bulletin: Interpreting Accelerated Aging Test Results" Accessed Feb 1, 2003 at http://www.napo.org/legislative-update/Zylon/acceleratedaging.pdf
Aer Lingus
Assess Supply Base
The supply base is a function of the airport capacity, specifically the terminal and lanes leased specifically for the use of Aer Lingus jet and air plane usage in addition to the actual supply of jets/planes and the parts used to effectively repair and operate each unit. The supply base is assessed by assessing the supply chain for the airline. The supply chain is a function of all vendors that provide supply to Aer Lingus to maintain operational performance.
Functional capacity is the ability of the supply base to utilize full operating capacity to maximize profit through the efficient use of supply to drive performance. However, the supply base assessment can also be a method to pass-through costs. According to Chandler (2009), "enaud recognizes that it's sometimes a matter of "sanding our folks out to suppliers to help them [avoid] costs." Mike Madsen couldn't agree more. "We're focused…...
mlaReferences
"A Change of Direction." International Financial Law Review (2011): n/a. ABI/INFORM Global. Web. 25 Mar. 2011.
Brouwer, Onno W., Joanna Goyder, and Daniel Mes. "Developments in Ec Competition Law in 2007: An Overview." Common Market Law Review 45.4 (2008): 1167. ABI/INFORM Global. Web. 25 Mar. 2011.
Brown, John Murray. "Dublin Eyes State Asset Sell-Off." FT.com (2011): n/a. ABI/INFORM Global. Web. 25 Mar. 2011.
"Business and Finance." Wall Street Journal: A.1. ABI/INFORM Global. 2006. Web. 25 Mar. 2011 .
In summary, we recommend that the IESBA reconsiders the proposals in the Exposure Draft and provides more guidance on safeguards applicable to sole practitioners and small accounting firms to ensure that the benefits of the changes outweigh the costs to SMEs. Under a principle-based approach, there should be safeguards and practical relief for all practitioners rather than rules-based outright prohibitions. The rewrite of this Independence component of the Code is substantially rules-based rather than principles-based. In this regard, we also encourage the IESBA to prioritize the redrafting of the entire Code using a similar drafting convention to that used by the International Auditing and Assurance Standards Board in its Clarity project" (IESBA Exposure Draft of Sections 290 and 291 of the Code of Ethics on Independence - Proposed Additional equirements in relation to Internal Audit Services, elative Size of Fees and Contingent Fees 2007).
There will also be an all-time…...
mlaReferences
Kreitner, R., and Kinicki, a. (2004). "Organizational behavior," 6e; [Chap. 17]; [Chap. 18]. Accessed December 19, 2007, from MBA520, eResource, week 5, eBook Collection database.
McShane, and Von Glinow. (2005). "Organizational behavior" (3rd ed.). New York: McGraw-Hill.
); Muret, Don. (1999). "Former Disney VP stresses teamwork at cafe." Amusement Business, 111(49), 22. Accessed August 17, 2007, from EBSCOhost database.
Frazee, Bonnie. (2004). "Organizational Behavior and the Learning Process" Accessed December 19, 2007, at http://www.clomedia.com/content/templates/clo_feature.asp?articleid=698&zoneid=29
This lead was accomplished through a partnership nearly a half-century old among government, industry and academia. I member of that partnership was the National Science Foundation (NSF). As Strawn noted, early on, scientists and engineers at American universities began to join the young APANet, as they worked on basic research funded primarily by the NSF. Acknowledging this, the NSF began supporting national supercomputing centers, in the mid-1980s, as a means of giving American scientists, engineers, and students greater access to high-performance computing that was state of the art, and developed Computer Science Network (CSNET).
Creation of these national supercomputer centers by NSF was critical to the development of the Internet. To further enhance U.S. scientists' access to these centers, NSF established the NSFNET national backbone network that connected the NSF supercomputing centers to U.S. universities. NSF also promoted the creation of regional networks to connect colleges and universities to the…...
mlaReferences
Bellis, M. Inventors of the Modern Computer. 2007. About.com. November 7, 2007 http://inventors.about.com/library/weekly/aa091598.htm .
Brief History of the Internet. 10 Dec 2003. Internet Society. November 7, 2007 http://www.isoc.org/internet/history/brief.shtml .
Cold War. 2003. National Park Service. November 7, 2007 http://www.nps.gov/archive/elro/glossary/cold-war.htm .
DARPA Over the Years. 27 Oct 2003. DARPA. November 7, 2007 http://www.darpa.mil/body/overtheyears.html .
A survey questionnaire design is employed to gather data to be used in the lazy user model test, with details on the sample population in which the questionnaire is to be administered. An innovative method to increase response rate is offered, followed by a data analysis plan. Finally, a conclusion and recommendation will complete this research project.
2. Literature Review
2.1 Information Technology and the Internet
The Information Age has changed our world in many different areas, from mankind's first steps into the space frontier, to the development of consumer items of convenience. Computers where once virtually inaccessible to the average person, and at that time were used only for information processing and logical calculations on a grand scale for large corporations and military endeavors. Indeed, only in the military did the information age really begin to develop, with the need for advanced military operations driving the information technology race.
As a result…...
mlaBibliography
Bellaaj, M. (2010). The competitive value of the internet: an empirical investigation. International Journal of Technology Marketing, 238.
Bagozzi, R.P. (2007). The Legacy of the Technology Acceptance Model and a Proposal
for a Paradigm Shift. Journal of the Association for Information Systems, 8, 244-
Chau, M., Wong, C.H., Zhou, Y., Qin, J., & Chen, H. (2009). Evaluating the use of search engine development tools in it education. Journal of the American Society for Information Science and Technology, 288-299.
com)
Legal Actions
Information about ongoing legal actions is typically disclosed in the annual report. An examination of Cummins' Form 10-K from 2008 reveals that while the company is subject to a wide range of legal risks, there are no major legal actions pending. Referring to environment-related legal actions, the company states that "we do not believe that these lawsuits are material individually or in the aggregate."
Negative Publicity
At present, there is little indication that Cummins is faced with any significant negative publicity. The company faces some minor environmental lawsuits, which may not be financial material but could generate some negative publicity should the company be found culpable for any impropriety.
Cummins' track record with regards to negative publicity -- or the lack thereof -- is enviable for a multinational country, in particular one with manufacturing operations overseas. Cummins' approach has been proactive. There are hints of the company's approach in its stated core…...
mlaWorks Cited:
Cummins website. Various pages. Retrieved February 22, 2010 from http://www.cummins.com
Marx, M. (2005). Cummins Inc. Six Sigma Companies. Retrieved February 22, 2010 from http://www.sixsigmacompanies.com/archive/cummins_inc_six_sigma.html
Cummins 2008 Form 10-K.
Critique:
Opperman's article did a good job of introducing the topic of workplace violence. It helped defuse the myth that some workplaces are immune from workplace violence. In addition, by alluding to the term "going postal" and describing the incident at NASA, Opperman made it clear that federal agencies are very at-risk for workplace violence. In addition, Opperman did a good job of defusing other myths about workplace violence, such as the fact that workplace violence is almost always preceded by very threatening behavior. In that way, Opperman's article was a good introduction to the topic of workplace violence.
However, Opperman's article was seriously lacking in substance. The article's title asks the question "is your agency prepared?" But leaves the reader with no real way to assess whether their workplace is prepared to deal with workplace violence. From the title, the reader expects to see a detailed description of the steps that…...
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