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For Expertjohnquality : I would like for you to continue to assist me since you are familiar with the topic. Unit 5 Project Part 2

For Expertjohnquality : I would like for you to continue to assist me since you are familiar with the topic.

image text in transcribed Unit 5 Project Part 2 You will create a professional quality audio visual presentation in this Project that will enhance your value as an asset to your organization. Your critical thinking and credibility as a communicator of information are vital, much desired, skills. Address Project Part 1 checklist items here New requirement for the presentation: Next, incorporate a discussion of \"Global Interconnectedness\" addressing the checklist items. Use the textbook and the additional article readings as a basis for analysis. Checklist: How do global economic pressures impact your organization? Who are the direct international competitors? How is that competition managed? Relate how global interconnectedness affects the choice of heuristics in the management decision-making process. In other words, what different valuation methods in managerial accounting across global boundaries affect decision-making processes? Include asset valuation methodologies in addition to 2 other specific topics. Finally, end with a summary review (i.e., formal \"Conclusion\" slide is required) of the performance evaluation. What are the key strengths and weaknesses of the organization? What changes would you recommend be made to the current organizational strategy? Additional content could include: A discussion of any potential biases that could potentially impact the outcome of the decision-making process related to the continued success of the organization. The PowerPoint presentation should include 12 to 14 slides. The first slide must be a title slide, and the final slide must be your reference slide. The audio presentation (voiceover) should be 5 to 10 minutes long. In addition to recording the voiceover, the text of your voiceover must be written into the \"Notes\" section of each slide. Proper grammar and spelling will be an important part of the Assignment. So, be sure to perform a \"spell check\". Be based on the unit Reading and additional articles. Begin with a brief review of the organization. Keep in mind that the members of the board may or may not have read the report you completed in Part 1 of the Project. Even though this will be a brief presentation, it should include all essential information and data. Identify significant costs in your organization. Include a section devoted to Cost-Volume-Profit Analysis (CVP). Discuss budgeting considerations. Include the organization's budget process, the organization's budget variances and discuss management decisions related to budgeting. Present a balanced scorecard, incorporating all four of the organizational dimensions (financial, customer, internal business, and learning and growth). Create a \"Strategy Map\" for your organization Running head: TOYOTA MANUFACTURING COMPANY Toyota Manufacturing Company Case Study Faye M. Williams GB519 Management & Decision Making Professor Leon Grove, DBA Kaplan University 1 DECISION MAKING AND MEASUREMENT 2 Strategic Decision-making and Heuristics The paper will seek to analyze the financial and non-financial measurements of Toyota Car Manufacturing Company. Based on the CVP analysis, it is useful in analyzing and creating a balanced scorecard, which includes both the financial and non-financial measurements, which relates to the different multiple stakeholder perspectives. This helps in promoting the business performance of the car manufacturing industry (Freeland, 2015). The senior managers understand the different organization's measurement concepts, which influence the behavior of managers and workers. The elements of the balanced score card helps in supporting continuous improvement and innovation. Balanced Scorecard System The BSC acts as an effective management tool, which comprises of the different measures to clarify its visions and the creation of an effective strategy to achieve and analyze its strategy. Figure 1: Balance Scorecard of Toyota Inc, Financial Perspective Customer Perspective Improving cost structure Customer value proposition Increase asset utilization Price, quality, selection and service among others DECISION MAKING AND MEASUREMENT 3 Expanding revenues Enhance customer value Internal Perspective Learning and Growth Perspective Operations management processes Human capital Customer management processes Information capital Innovation processes Organization capital Regulatory and social processes The four elements relied on the cost volume analysis, which provides guidelines on how to improve revenues and reduce costs during the manufacturing process. Financial Perspective Financial perspective helps in understand the nature and implications of the contributions of the company in terms of money value. Toyota Inc includes financial aspects and metrics, which includes profitability, cash flow, cost and budget. The financial objectives serves as a critical measure of understand the measures of all the different scorecard perspectives. Each financial measure has a critical cause and effect relationship to support financial improvement and profitability (Zimmerman & Yahya-Zadeh, 2011). This would guide the company in achieving the profitability, return on investment and growth. The different measurements include productivity rates and active time intervals. Customer Perspective DECISION MAKING AND MEASUREMENT 4 This element focuses on providing quality care which meets the needs of the customers who the main stakeholders in the success of the Toyota company. The customers seek service and quality cars, which aligns to the needs and recommendations. Customer perspective is able to integrate the concept of customer service, which helps in the achievement of specific goals and metrics. In this case, the different measurements include accuracy and flexibility, which supports future growth and performance. Internal Perspective Internal perspectives examine the defining internal objectives and operations helps the manufacturing company to improve its shareholder valuation over the coming years. In terms of customer perspective, the metrics could be quantitative, quality or financial and non-financial. In terms of internal perspective, Toyota Inc is concerned about the measurements associated with material supply problems, predictive and accidental events, and the material flow in the company. Learning and Growth Learning and innovation is an important infrastructure, which supports the strategic objectives of the other perspectives. The metrics within the innovation and learning program includes quantitative, quality and even financial and non-financial. For instance, Toyota Inc had technology adoption indicates which were critical in supporting and implementing improved investments which supports the capability of the human resources and other organizational processes (Eaton &Kilby, 2015). Toyota Inc also relies on different measurements associated with the machine set times such as batch sizes, breakdown time, distribution of prototype, and the new product series among others. References DECISION MAKING AND MEASUREMENT Eaton, D., &Kilby, G. (2015). Does your organizational culture support your business strategy? Journal for Quality & Participation, 37(4), 4. Freeland, C. (2015). Globalization bites back. Atlantic, 315(4), 82. Zimmerman, J. L., & Yahya-Zadeh, M. (2011). Accounting for decision making and control. Issues in Accounting Education, 26(1), 258-259. 5

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