Sunday, January 13, 2019
Management and Business Measurement Process Essay
Darien Walkers approach to canvass Mercedes Benz U. S. International (MBUSI) exemplifies the melody measurement function method. Walker begins with a strategical summary of her client by conducting question on the SUV market and MBUSIs handicraft and strategic objectives.Some important external forces in the industry include economic factors much(prenominal) as international oil prices, occupation rate, interest rates, and inflation. Though faced with revenue enhancement and tariff complications, MBUSI enjoys a strong kindred with the state of Alabama government. The merger with Chrysler Corporation, on the other hand, poses several risks. Unionization and sp atomic number 18 disclosures under GAAP reporting may significantly impact on the familys operations.The elevation of competition in the SUV segment may in addition pass to decreased market sh atomic number 18s of the M-Class, however, high harvest-feast quality and customer satisfaction would checker the M-Cl ass a niche within the market. accumulation and supply chain management are MBUSIs core business processes, and a number of controls do been placed passim these processes to ensure operational effectiveness and efficiency. MBUSI excels in its assembly line management by and through collaboration with workers and suppliers, as well as establishing and monitoring of severalize controls.The federation also enjoys a superb supply chain, mainly due to its close, integrated relationships with its suppliers. In addition, resource management processes, such as procurement and information management, are also decisive to the success of the company. From Walkers risk-based strategic systems approach to audit MBUSI, there are two key takeaways. First, Walkers comprehensive strategic analysis on MBUSI demonstrates that auditors must conduct extensive research about the clients business and the environment of which it operates in.The BMP audit approach would non otherwise work if aud itors fail to last familiarizedwith the business entity. An example to demonstrate this superlative is the fall of Enron. Due to the gas industrys complex business nature, Enrons financial statements tend to be dull and confusing. By further obscuring its financial statements, Enron fools its auditors through easy manipulations. In hindsight, however, if the external auditors silent Enrons business structure and industry, they would have detected the misstatements in financial results.Finally,from MBUSIs perspective, it is notable that the companys collective relationships with the employees, suppliers, and the state of Alabama government are the keys to success. MBUSIs active engagement with these key players allows the company to leverage these relationships through its business processes to deliver Mercedes-Benz quality to its customers. Another company that successfully leveraged its relationships with internal and external parties is Starbucks Inc.