According to CPSC (2010), On May 2010, a recall was initiated for 1.8 million Auto Fire Target Sets due to children swallowing the 1 inch dart, causing asphyxiation and eventually death to three children. However, the toy was not initiated to be recalled by the person responsible, Henry Gordy International Inc. but from Family Dollar Stores, Inc. and from U.S Consumer Product Safety Commission (CPSC). The toy dart guns was imported from China by Henry Gordy International Inc., of Plainfield, NJ, which were sold exclusively at Family Dollar stores nationwide from September 2005 through January 2009 for about $1.50. According to Huffington Post (July 2010), CPSC says Henry Gordy refused to recall the dart. Gordy displayed according to Coombs (2014), under the SCCT, one of the crisis response strategies was under the denial posture in which the crisis manager states that no crisis exists. The response may include explaining why there is no crisis (pg. 16). Gordy …show more content…
The measures that Gordy should have taken should have been exactly what Family Dollar did. According to Plungis (2010), “the CPSC asked us to voluntarily issue a recall for this product that we haven’t sold in our stores in more than a year,” Family Dollar spokesman Josh Braverman said in an email. “We agreed as a way to ensure that the customers who purchased the product were aware of the potential crisis.” Due to the mishandling of the crisis by Gordy, the organization did not learn from the event. According to CPSC (2011), announced today that Henry Gordy International, Inc. of Plainfield, N.J., has agreed to pay a civil penalty of $1,100,000. There is not much information if Gordy implemented new measures to prevent against similar problems in the future only that according to the Federal Register (October 2011), it has made business decision to avoid additional expenses and distractions relate to further administrative process and
National Bank of Canada ("NBC" or "the Bank") is tasked with the decision to review Dawson Lumber Company Limited's ("Dawson") request for an increase in its line of credit up to the amount of $10.8mm. Dawson intends to finance inventory and receivables with the line of credit. NBC must remain cognizant of the competitive landscape of the lumber industry and assess whether a focus on the retail segment is beneficial to Dawson's strategic plan. Given that Dawson is one of the region's largest borrowers, NBC must be careful in how it manages this relationship. The Bank cannot afford to turn away NBC's business. However, extending Dawson additional credit may increase Dawson's default risk and jeopardize the potential for NBC to retrieve the $4.2mm term loan it is already owed.
During the Simply Soups, Inc. audit, we were responsible for confirming the balances for each of the company’s bank accounts. The purpose of sending confirmations is to obtain a reasonable expectation that the balances presented on the books reflect the actual values recorded by the banks, addressing any issues of existence. In addition to providing validation from a reliable source, confirmations also allow us to reconcile any issues concerning money in transit.
In 1982, Ely Reeves Callaway had bought his small wedge and putter golf business and called it Hickory Stick USA and created clubs that were enjoyable for the average golfer. He called these clubs the Demonstrably Superior and Pleasingly Different (DSPD) clubs. This was a code he had always lived by. The family of Ely Callaway are not involved with the company today because he was told to choose his successor, and had chose Ron Draqpeau. He is a man who only shared the same vision and thought of golf, but also had the skills as a leader to continue his wonderful golf company. The goal was to make a good product and tell the truth about the game. In those days Ely would provide them to his customers personally in the back of his Cadillac. He made sales calls and talked to pros, amateurs, and those who came to be known as an average golfer. Finally, Hickory Stick USA came to be knows as Callaway Hickory Stick U.S.A, and not too long after that, Callaway Golf.
Gary Erickson, founder of Clif Bar Inc., has an open and innovative style of leadership that fits very distinctly with one of the generations of workers defined by Zemke in the text. While the “Veterans” and “Baby Boomers” are much too prone to tradition and routine and the “Nexters” are far too young and undeveloped as a group, the qualities of a “Gen-Xer” fall directly in line with Erickson’s leadership style. In the text, Zemke describes Gen Xers as “entrepreneurial” and being “more committed to their vocation than to any specific organization” (155). Gen Xers are also said to seek balance between life and work, and they do not define leadership in terms of meetings and vision statements. They would rather leaders make work environments
How do we solve a situation when a company’s reputation is on the line? As a crisis manager it is important that we get to the bottom line to figuring out what product or products that are causing many kids to fall ill. It is our goal for Nutritional Foods Inc. to have great satisfaction with all are products, when health problems arise it’s are obligation to determine, analyze, and fix the situation. As of right now, all we know from hospital reports are kids were treated from food poisoning after eating unpasteurized apple products from Nutritional Foods (“The case of Nutritional Foods,” 1998).
In 1964 Ken Johnson and Norm McDonald started a business selling motorcycle parts and accessories to motorcycle enthusiasts. They quickly realized that there was a need for higher performance parts, and soon they began producing an air filter that could keep the fine dirt experienced in off-road racing from damaging the race engines. This filter had to be washable and reusable and allow enough air to keep the motorcycles running at peak performance. The original K&N High Flow air filter was born and in 1969 K&N Engineering became known more for its performance air filters than for rental bikes and parts. It wasn't long before the filter technology was applied to automotive applications.
Introduction: Food Inc. is an American documentary film directed by Emmy Award winning film maker Robert Kenner. The film examines corporate farming in the United States. concluding that agribusiness produces food that is unhealthy, in a way that is environmentally harmful and abusive to both animals and employees. It is a powerful tool. startling indictment of industrial food production,revealing truths about what we eat.
Being so close to a holiday is detrimental on its own due to the large feasts and parties, but what made it worse is the recall was for cranberries, it was known as the “Great Cranberry Scare”. Cranberries that were already out for shipment to stores showed traces of aminotriazole, an herbicide used on crop fields after crops had been harvested. Aminotriazole was found to be a carcinogen in laboratory animals and was used while the cranberries were still in the field even though that was prohibited. Through this event, American families learned that the food supply is not safe 100% all the time and it’s possible for contamination to occur. A year later, the Federal Hazardous Substance Labeling Act was established to require warnings on household chemical products. The Kefauver-Harris Drug Amendment was created in 1962 after a sleeping pill in Europe was causing birth defects in babies, this act was created to place stricter regulations on drugs and require drug companies to prove effectiveness of their product. This does however exclude the Delaney requirements, if animal feed or animal drugs show to be carcinogenic they are still able to use them only if the animals show no levels of the carcinogen when passed on to the market. The Consumer Bill of Rights was announced by Kennedy, this bill includes rights of safety, information, to choose, and be
3-2. Are the critics overreacting to the situation? Do you think Keurig Green Mountain’s managers are handling this situation in the best way, ethically and responsibly? What else could they do to be more ethical and responsible?
Richardson Vicks Inc. (RVI) -. Introduction Richardson-Vicks, Inc. is a leading worldwide marketer of branded consumer products for health care, personal care, home care, and nutritional care. The company's product line could be traced to 1905, when Lunsford Richardson, a North Carolina pharmacist, formed a company to sell Vicks VapoRub, which he had developed "especially for children's croup or colds. " The company experienced rapid growth following World War II with the addition of new products and the expansion of overseas operations. In management's view, marketing has been the key to RVI's success.
Byte Products, Inc., headquartered in the midwestern United States, is regarded as one of the largest volume supplier for the production of electronic components used in personal computers. Byte Products, Inc., was a privately owned firm that has now entered to be a publicly traded company. The majority of the stockholders are the initial owners of Byte, when it was still privately owned. The products that Byte produces are primarily found in computers used for business and engineering applications. Byte Products, Inc., has been the leader in this industry for the past six year with consistent yearly revenues of 12% and total sales of approximately $265 million. Byte also has 32% of the market share.
Gallagher, Danny. "The 5 Least Surprising Toy Recalls of All Time." Cracked.com. N.p., 24 Dec. 2007. Web. 11 Mar. 2014.
While Mattel is considered the largest toy company in the world, it has been faced with some tempestuous challenges due to safety concerns revolving around toy design and manufacturing in China. In August 2007, Mattel voluntarily recalled 1.5 million toys manufactured in China because they contained too much lead paint (Lawrence & Weber, 2011). These recalls included popular items such as Elmo, Big Bird, and Dora the Explorer by Fisher Price. These toys were products from a contract manufacturer owned by Mattel but produced in China.
Kimi Ford, a portfolio manager at Northpoint Group, a mutual fund management firm is looking into investing in the stocks of Nike Inc. for the company that she’s in charge of. Her decisional criteria should be based on Nike’s financial reports and statements of 2001. There were several problems in Nike because of which the stock prices of the company were declining and also a third party gave their opinion based on if the investment is really worth it.
1. What is the difference between a. and a. Define and discuss Ford’s business-level strategy. Henry Ford began a family automobile business in 1903; this was during the industrial revolution. This business has become the most famous automobile brand in the world. Over the years, the business structure has adapted to changes in leadership, market trends and the economic conditions.