Using Work Teams In Production And Operations Management

1632 words - 7 pages

Using Teams in Production and Operations Management

Governments around the globe are investing in businesses and banks in an effort to avoid a complete collapse of affected institutions. However, the general public is not convinced that the government will be able to effectively run the businesses it has acquired with any better dexterity than existing mismanaged government budgets. Furthermore, although the infusion of funds may temporarily secure investments, it does not effectively alter the transactions that instigated the decline. (/money, 2011)
Inflated values of derivatives, fueled by ambitious speculation and fortunes amassed by paper transactions rose to catastrophic levels. ...view middle of the document...

(/money, 2011)
Many will remember IBM as the company that brought computers to a global stage. From punch cards and gas tubes, to PC's and mainframes, the roots of the computer family tree invariably include IBM. Since licensing the brand name to Lenovo, a business strategy that bolstered both organizations, IBM has relinquished production and sales of computer hardware devices in lieu of a diversified portfolio of software and services. IBM’s emphasis on long term service contracts now accounts for more than half of its current revenue. As the economic conditions place strains on clients, the rate of growth is expected to slow, but is not expected to negatively impact the overall percent of profitability. By growing services as a percent of the company, and by offering highly profitable software solutions, IBM has increased profit margins from 41.3 percent to 43.3 percent gross margin as compared to the same quarter last year. (/money, 2011)
I(nternational) B(usiness) M(achiness) Corporation has a multi-faceted history. Today they are the world's top provider of computer products and services. (/ibm, n.d.) While IBM made its name in computer hardware; for more than 70 years, IBM and its predecessor companies, Standard Time Stamp Company (_1890.html, n.d.), Computing Scale Company – Day Time Register Company – Syracuse Time Recording Company, (_1900.html, n.d.), and the Computing Tabulating Recording Company or CTR, (_1910.html, n.d.) produced time-keeping equipment for schools and businesses. (/ibm, n.d.)
The company's information technology, business services, and software units are now among the largest in the world. The company is also one of the largest providers of semiconductors, and its computing hardware legacy lives on in the form of its industry-leading enterprise server and data storage products lines. (/ibm, n.d.)
IBM's clients include many different kinds of enterprises, from sole proprietorships to the world's largest organizations, governments and companies representing every major industry and endeavor. The majority of the company's enterprise business, which excludes the company's original equipment manufacturer (OEM) technology business, occurs in industries that are broadly grouped into six sectors:
• Financial Services: Banking, Financial Markets, Insurance
• Public: Education, Government, Healthcare, Life Sciences
• Industrial: Aerospace, Automotive, Defense, Chemical and Petroleum, Electronics
• Distribution: Consumer Products, Retail, Travel, Transportation
• Communications: Telecommunications, Media and Entertainment, Energy and Utilities
• Small and Medium Business: Mainly companies with less than 1,000 employees. (/press, n.d.)
They employ 426 thousand plus employees at facilities in New York, Ohio, Michigan, and Washington, D.C. in the United States; Ontario, Canada, Brazil, Israel, Japan, Sweden, and all over the world. (/planetwide/, n.d.)
IBM is traded on the N(ew) Y(ork) S(tock)...

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