Company Expects Research Articles

Improving The Quality Of Manufacturing Products With The Application Of Lean Six-Sigma

Product quality is an important factor that underlies the consumer's decision to choose the desired product and service. Quality can initially be determined by the company, but in subsequent developments, quality planning must pay attention to the wants and needs of consumers. In providing excellent service to customers, the company needs to apply the concept of lean thinking, intending to reduce waste. A methodology is needed that can reduce product variations and production process errors with the Six Sigma methodology. The second application is often called Lean Six Sigma. This paper aims to improve the quality of fluid carrier tank products. The number of defective products, mainly on welding, cutting and bending process, so rework is needed that causes companies to suffer losses. The company expects to reduce product defects by less than 5%. The welding , cutting and bending process are the highest contributor to defective products, so that process improvement is limited to these processes. The process of welding, cutting and bending process is considered a major problem, so the main concern for quality improvement is for the main problem. Sigma, the initial welding , cutting and bending process in a sequence is quite good. The target to be achieved is to increase the sigma value of both processes. The alternative is chosen, namely creating and supervising SOPs, and training to improve the skills, knowledge, and abilities of each employee. These alternatives can increase the sigma value from the initial conditions from 2.93 to 3.20. The increase in sigma value indicates a decrease in the level of defects per million opportunities (DPMO).

Ageing in organizations

PurposeThis paper aims to show which factors influence the perception of human resources professionals about managers over 50 years old and which factors guide the age management practices adopted in the surveyed companies.Design/methodology/approachTo this end, a survey was conducted with 140 companies accessed from a database of a human resources association. Through the answers obtained through the online questionnaire, an exploratory factor analysis was made with the aid of Software R.FindingsThus, it was possible to identify four factors that explain the work posture of professionals 50 years of age and older (company expectations, performance, morality and knowledge and professionalism) and three factors that guide the adoption of age management practices in organizations (recruitment & selection and integration, retention and continuity in the company, adaptation to the needs).Originality/valueThe results suggest that, even considering the high performance of older managers, perceived by HR professionals, the adoption of age management practices is still insufficient, making it difficult for these professionals to enter and remain in organizations. Moreover, it can be inferred that such posture indicates biases of discrimination and age stereotypes.

PENGARUH BUDAYA ORGANISASI DAN KOMPENSASI FINANSIAL TERHADAP KINERJA SALESMAN YANG DIMEDIASI OLEH ETOS KERJA

Aim of this study is to analyze the impact of organizational culture and financial compensation on salesman performance mediated by work ethic. The sampling technique used in this study is simple random sampling and to analyze the impact between variabels used Partial Least Square (PLS-SEM). The results showed that organizational culture and financial compensation had a significant effect on the work ethic and salesman performance, both directly and indirectly. Several previous studies relating to organizational culture, compensation, employee performance, and work ethics were carried out separately not yet reviewed simultaneously in a model that was tested through empirical data with a path analysis approach using PLS-SEM as has been done by this research. Companies need to foster and unite fellow members in the team so that there is a compact, harmonious relationship and all work productively so that salesman performance can be maximized according to company expectations. Financial compensation provided by the company needs to properly consider aspects of the needs of its employees. Independence at work needs to be evaluated and improved so that every salesman can work without being dependent on others. Keywords : organizational behavior, financial compensation, work ethic, salesman performance.

Shareholders' Equity at Pepsico

This case provides instructors with an opportunity to discuss some of the fundamental aspects of a typical public company's shareholders' equity financial reporting and financial disclosures. As such, students are provided with information pertaining to PepsiCo's common stock, preferred stock, stock repurchases, cash dividends, stock splits, and GAAP earnings per share (EPS) versus non-GAAP EPS. In addition, the case also provides an interesting bit of information regarding PepsiCo's 2017 move from the NYSE to the Nasdaq. Excerpt UVA-C-2425 May 28, 2019 Shareholders' Equity at PepsiCo Having just finished her afternoon run, Joan Dunkirk opened a bottle of Aquafina and took a sip to quench her thirst as she sat down to scan the financial news online. She noticed that PepsiCo had released a summary of 2018 results. She skimmed the summary and noted PepsiCo's expectations about dividends and share repurchases for 2019: The Company today announced a 3 percent increase in its annualized dividend per share to $ 3.82 from $ 3.71 per share, effective with the dividend expected to be paid in June 2019. This represents the Company's 47th consecutive annual dividend per share increase….For 2019, the Company expects…total cash returns to shareholders of approximately $ 8 billion, comprised of dividends of approximately $ 5 billion and share repurchases of approximately $ 3 billion. Dunkirk wasn't quite sure why companies would buy back their own stock. She bought stock when it was a good deal, making money on it by either collecting the dividends the company paid and/or holding onto the stock while the stock price increased and then selling it later. But she wasn't sure whether, or how, her logic translated to management's thinking when they decided to buy back a company's stock. . . .

Audit Manajemen Teknologi Informasi Pada PT XYZ Menggunakan Framework COBIT 5

PT XYZ is an agri-food company that has us ed the information technology for its company's operations. Information technology management at PT XYZ requires an audit to determine the level of information technology capability on PT XYZ and it provides a recommendations for business process improvements to achieve the business objectives of the company. Since this audit is intended to assess the managerial and technical aspect of information technology, audit of PT XYZ is conducted by applying COBIT 5 framework. Procedure of COBIT 5 consists of audit plans, audit preparation phase, the implementation phase of the audit, and audit reporting stage. This audit measures the capability level of information technology management at the sub-domain Manage Strategy (APO02) Manage Enterprise Architecture (APO03) Manage Relationships (APO08) Manage Suppliers (APO10) Manage Requirements Definition (BAI02) Identification Solutions Manage and Build (BAI03), and Manage Knowledge (BAI08). Based on evaluation using COBIT 5, PT XYZ is in the level 2.6 out of 5. Due to the rounding index value, the measurement results are at level 3 (Established Process) while the company's expectation level is at level 5. The level difference occurs because PT XYZ has not conducted a review, evaluation, and report of the settlement. Therefore, companies need to improve information technology management in achieving the company's business goals.

Menguji Ketajaman Implementasi E-Commerce Dalam Penjualan Kamar Hotel di Bali

ABSTRACTThe concept of a market provider of room rentals or residential units using online networking information technology systems to increase the hotel revenue & also effective strategy to comfit offline strategy in the hotel industry. It is still unclear whether the implementation of e-commerce are work in all hotel strategy in the develop hotel revenue in the hotel industry. The purpose of this study is to analyze the fenomena average rooms rate (ARR) in Holiday Inn Express Bali which using standard operation procedure worldwide, International Hotel Group (IHG) which compare than other country still low especially in Asia Pacific area while location wise and company strategy is part of the factor issues & also price war happen in Bali market which need government policies in addressing the development of the hotel industry. This research used qualitative method that is constructive with literature review and documentation as the premier data source. The results of the study cover the advantages and disadvantages of the existence of online market places for Holiday Inn Express in Bali especially and in the hotel industry generally. This research of e-commerce is contributes to the hotel industry to generate & develop the revenue. To maximize the online source in generate revenue the hotel strategy need to hire special person incharge to taking care the tasking of online market needs to bush the hotel occupancy and also yielding with average room rate, while standardization of the quality of rooms or residences are also the important leased needs to be done to ensure the quality of the products and services offer as well, especially in online market place. Further studies can be conducted to analyze the sales & marketing strategy using e-commerce (online travel agents) which hotel should always pro active to make special offer to genereate last minute booking base on occupancy daily facing & at least one or two week before promotion progress and also advance purchace strategy like minimum 6 months booking costumer will get special rate, rooms inventory monitor and maintain good communication with maintain relationship by consider their production ( like review top 10 production in a month) will feel the appreciation from all online agents partner are the best strategy to achieve company expectation.

Perancangan Proses Bisnis Menggunakan UML Berdasarkan Fit/Gap Analysis Pada Modul Inventory Odoo


 The company's information system that currently mainstay is Enterprise Resource Planning (ERP). The different data systems and real data at PT OTKA and Odoo make the company need to evaluate so that the gap does not continue. This study uses Fit/Gap Analysis which is used to compare whether the system is in line with company expectations, and then Failure Mode Effect Analysis (FMEA) to obtain the Risk Priority Number (RPN) level. The evaluation results of a system evaluation described by the Unified Modeling Language and mockup User Interface. The research data uses primary and secondary data. The data validity uses the triangulation method. The results of this study are PT OTKA has not implemented the Odoo maximally because the percentage of Gap is greater than the Fit. After risk analysis, two processes with the highest RPN, each of it is 448, which is updating the inventory of goods in and out automatically. So recommendations for companies are the result of special processes and actors who can monitor each goods transfer.

Business Roundup

BUSINESS Business Roundup ShareShare onFacebookTwitterWechatLinked InRedditEmail C&EN, 2019, 97 (13), p 19April 1, 2019Cite this:C&EN 97, 13, 19AbstractIneos is doubling the size of its proposed US Gulf Coast ethylene oxide facility to 520,000 metric tons per year. The company expects the facility, which will also make ethoxylated derivatives, to start up in 2023. Solvay will increase hydroquinone capacity at its plant in Saint-Fons, France, by 20% within the next few months. The firm recently increased hydroquinone capacity in Zhenjiang, China, by an undisclosed amount. Covestro will collaborate with Genomatica to research and develop high-performance materials based on renewable feedstocks. Producing materials made with Genomatica’s engineered microbes will help Covestro reduce its CO2 emissions, the companies say. Lubrizol has acquired Laboratoire Phenobio, a maker of naturally derived extracts and botanical active ingredients for cosmetics. Lubrizol previously acquired other cosmetic natural ingredient makers including Active Organics in 2011 and Lipotec in 2012. Avantium plans to build a biomass-based ethylene glycol demonstration plant in Delfzijl, the Netherlands, by the endView: PDF | Full Text HTML

Vaccines at Work

Influenza vaccination could be a cost-effective way to reduce costs in terms of human lives and productivity losses, but low take-up rates and vaccination unintentionally causing moral hazard may decrease its benefits. We ran a natural field experiment in cooperation with a bank in Ecuador, where we modified its vaccination campaign. Experimentally manipulating incentives to participate in this health intervention allows us to study peer effects with organizational data and to determine the personal consequences of being randomly encouraged to get vaccinated.We find that assigning employees to get vaccinated during the workweek roughly doubled take-up compared to employees assigned to the weekend, which indicates that reducing opportunity costs plays an important role in increasing vaccination rates. Coworker take-up also increased individual take-up significantly and is driven by social norms. Contrary to the company's expectation, vaccination did not reduce sickness absence during the flu season. Getting vaccinated was ineffective with no measurable health externalities from coworker vaccination. We rule out meaningful individual health effects when considering several thresholds of expected vaccine effectiveness. Using a dataset of administrative records on medical diagnoses and employee surveys, we find evidence consistent with vaccination causing moral hazard, which could decrease the effectiveness of vaccination.

The RELATIONSHIP OF MOTIVATION, COMMITMENT AND WORK DISCIPLINE TO EMPLOYEES PERFORMANCE IN GENERAL HOSPITALS INDONESIAN CHRISTIAN UNIVERSITY

Human resources owned by the company must have the ability to run a business, given the factors of service provided by these employees greatly determine the of the company in the future. The ability that have been possessed must continue to be honed continuously through work experience, training, competence, discipline, work motivation was to determine the relationship of motivation, commitment and work discipline to employee performance at the Indonesian Christian University General Hospital. This research is descriptive-quantitative with a sample population of 99 employees and correlations Rank Spearmaking and Hypothesis Test. That (1) motivation for the performance of employees of the Indonesian Christian University General Hospital. This is shown by obtaining tcount (5,107) greater than t table (1,661). (2) commitment to the performance of employees of the Indonesian Christian University General Hospital. This is indicated by the obtained tcount (6,805) greater than t table (1,661). (3) to work discipline with the performance of employees of the General University of Indonesia Christian Hospital. This is indicated by the obtained tcount (6.929) greater than t table (1.661). Based on study, it can be concluded that if motivation, commitment and work discipline are carried out properly, it performance of the Indonesian Christian University General Hospital, but it needs to be addressed and improved such as giving more motivation so that employees are more active in working so that the level of in accordance with the goals and company expectations. Keywords: motivation, commitment, work discipline and performance

Reasons and effects of the implementation of corporate social responsibility principles into company management

In the last decade, governments and stakeholders’ expectations of companies regarding responsible business behaviour have increased. Profitability and efficiency cease to be the only key features that the company wants to be known for. The social context of business and its’ contribution to sustainable development, regardless of legal status, size or industry, is becoming increasingly important. The aim of the article is to analyze the motives and benefits of implementing social responsibility into the management practice of companies. To achieve this goal, an analysis and synthesis of the subject literature as well as statistical secondary data analysis were carried out. The conclusions imply that the motives for implementing the principles of social responsibility are various, but they bring benefits – internal and external.

Standing By Your Man: Wives in Nineteenth-Century Empires

Standing By Your ManWives in Nineteenth-Century Empires Charlotte Macdonald (bio) Verity McInnis. Women of Empire: Nineteenth-Century Army Officers' Wives in India and the U.S. West. Norman: University of Oklahoma Press, 2017. 298 pp.; ill. ISBN 978-0-8061-5774-0 (cl); 978-0-8061-5936-2 (epub); 978-0-8061-5935-5 (Kindle). Susanna Rabow-Edling. Married to the Empire: Three Governors' Wives in Russian America 1829–1864. Fairbanks: University of Alaska Press, 2015. 288 pp.; ill. ISBN 978-1-6022-3264-8 (cl); 978-1-6022-3265-5 (pdf). Twenty years after calls to connect histories of women, gender, and empire were set down in such works as the historian Clare Midgley's Gender and Imperialism and Nupur Chaudhuri and Margaret Strobel's Western Women and Imperialism, projects to identify and explore women "in empire" remain a rich field of research.1 The books reviewed here sit firmly within this domain. Marrying men who held office as governors took Susanna Rabow-Edling's women to Russian America (present-day Alaska) from the 1820s to the 1860s, while Verity McInnis's women married military officers serving in the American West and British India over the long nineteenth century (1818–1910). Marriage, as much as empire, is under scrutiny in these books. As imperialists, the women were powerful; as wives, they were subject to husbands. These two histories offer intriguing and diametrically opposite answers to the conundrum of women in this space. In doing so, they extend the geographical and methodological scope of nineteenth-century empire's gendered enquiry, bringing the less familiar Russian empire to the fore and presenting ambitious and fruitful comparative approaches. Elisabeth von Wrangell arrived in Sitka (formerly known as Novo Arkhangel'sk) in 1830, completing an overland journey from St Petersburg that took more than a year. In Irkutsk she paused to give birth to her first child. Elisabeth was the first wife to accompany a governor to the fur trading settlement established in 1803 as the center for the Russian American Company. Her arrival was the product of the company's new policy that all governors should be married and occupy their post with their wives. Company leaders hoped that women in a prominent position would elevate [End Page 151] the tone and social order of the rough trading settlement. As well as local benefits, such improvement would help raise Russia's reputation as an imperial power in the face of growing humanitarian and evangelical criticism of the impact of Europeans on aboriginal societies across the world. The devastating toll of disease in the Pacific was all too evident—for the Tlingit and Alutiiq people as much as other indigenous societies across the oceanic region. Elisabeth von Wrangell (1810–1854), Margaretha Etholēn (1814–1894), and Anna Furuhjelm (1836–1894) were three Lutherans in a total of eight women who occupied the governor's residence at Sitka before the territory's eventual sale in 1867. In a close-up study that gives us fine-grained biographies of the three women during their journey outward and their five-year terms as governors' wives, Rabow-Edling shows contrasting individuals with a similar arc of experience. All three were young women, newly married to husbands some years older than themselves (all of whom found spouses after receiving their appointments), well-educated, and entering into lives as wives and mothers at the same time as they embarked on their journey to the distant settlement. There they were expected to set an example of social decorum, embody well-ordered domesticity, host public occasions, and also teach in the girls school (for Creole and "native" children). Aside from the Russian state's and company's expectations of how the women should model exemplary womanhood, Elisabeth, Margaretha, and Anna were steeped in the ideals of piety, purity, and duty that defined a woman's purpose. Their "success" in this civilizing mission, which Rabow-Edling examines in searching detail, varied. There were considerable practical challenges in fulfilling the tasks of education and welfare (mail arrived once a year through most of the period) and in encouraging sobriety, decency, and a level of cultivation in a community that valued these...

AD Design Guidelines for Implementing I4.0 Learning Factories

Abstract Learning Factories (LF) are becoming increasingly popular to teach students, how the methods and concepts learned in theory work in a hands-on and industry-related environment. In recent years, many learning factories have been established and experiments have been carried out in the application of practical learning methods. In most cases, these consist of demonstration lessons as well as the opportunity to design, test and optimize production systems and processes in practice. With the introduction of industry 4.0 (I4.0) also many learning factories have to adapt their education model as well as their offer in order to meet the expectations of students and companies. So far, there are only few works dealing with this topic and providing adequate design guidelines. This paper therefore aims to use a systematical and structured way to develop such design guidelines for I4.0 learning factories. As research method, Axiomatic Design is applied by translating students’ and companies’ needs into functional requirements and then into a set of design parameters/guidelines.

THE IMPACT OF CORPORATE REPUTATION ON MARKET VALUE, EMPRICAL EVIDENCE FROM TURKEY

The high profitability expectation of the past is replaced with the advantage of sustainable competition in today’s business world. The boundaries of companies and their effects on society have expanded dramatically because of globalization and developments in information technologies, which has in turn raised society’s expectations of companies. For this reason, investors expect the companies to be sensitive to social issues besides having a high financial performance. The issue of corporate reputation has been discussed by many different disciplines through the years. Most of these studies consider corporate reputation as a strategic asset, and claim that it leads to sustainable competition by increasing financial performance. On the other hand, financial performance recognizes as a part of corporate reputation in some other studies. As a result, the concept of corporate reputation has now become essential for business.This study aims to examine whether the corporate reputation has significant effect on market value of companies. In literature, there are many studies about corporate reputation and financial performance relations. Many studies have demonstrated that there is a positive relationship between corporate reputation and financial performance. This has raised the problematic question of how reputation should be measured. Especially in developed countries, reputation indices are common indicators of reputation. But in Turkey, there are limited studies because of inadequacy of long-term database and measurement scales. In this study, corporate reputation is considered as an intangible asset, shaped by the perceptions of all internal and external stakeholders of corporations which can affect corporate value. To measure corporate reputation, a scale which is composed of 58 different criteria and formed by previous scales has been used. The full sample includes 99 listed companies and 1,188 firm years for 2006-2017. Panel data regression analysis has been used to test the relationship between corporate reputation and market value. The results are consistent with the past studies that highly reputable firms have high market value.

Sustainable Leadership and Work Environment: Improving Human Potentials

Sustainable leadership matters, spreads and lasts. It is shared responsibility, that does not unduly deplete human or financial resources, and that cares for avoids exerting negative damage on the surrounding educational and community environment. In fact, sustainability does not simply mean whether something can last. It addresses how particular initiatives can be developed without compromising the development of others in the surrounding environment, now and in the future [1]. Sustainable leadership is one of the most valued characteristics that employers and stakeholders are looking for, especially in this new fast changing market. Having a good Leadership sense is essential for the success of a company and for its collaborative working environment. Leadership is usually linked with sustained learning, success, diversity, capacity and maintaining a continuous development of other team members and coworkers. However, various authors are debating and discussing how we define good and sustainable leadership and what we expect from a leader to do, but few of them are raising the question how we can build and create leaders?. We present in this paper an overview of leadership definition and the challenges set by this important and complex concept. We propose a vision based on four pillars to create an adequate environment to build leaders. We present and describe our perspective on what we need to provide and establish as a company or a community in order to create an effective team of leaders in the perspective of the new requirements of the market and the expectations of companies.

E&P Notes (September 2018)

E&P Notes (September 2018)

AkzoNobel to upgrade chlorine in Rotterdam

AkzoNobel will install a second chlorine line at its plant in Rotterdam. The company will also make other upgrades at the site, including the installation of technology that allows it to adjust chlorine output in line with variations in electricity supplies, such as a surge of power from wind turbines. The company expects to bring the new line onstream by 2021. AkzoNobel is selling its chemical business later this year to two investment firms, the Carlyle Group and GIC, for $12.5 billion.

Boehringer Ingelheim to build a biologics research center

Boehringer Ingelheim will build a $270 million biologics development center at its site in Biberach, Germany. The facility will combine analytical and process development with clinical-scale manufacturing, according to Fridtjof Traulsen, Boehringer’s vice president of development. It will also free up capacity for contract manufacturing. The company expects that the center, to open in 2020, will house a workforce of 500.

KINERJA PENILAIAN INDIVIDU MENGGUNAKAN ANALISIS KATEGORI YANG TEPAT DALAM PROSES PEMILIHAN KARYAWAN

For employers the process of employee selection is an important activity in the effort to get a workforce or adequate workers in receiving assignments to perform certain types of work. Many methods can be used in the employee selection process, one such method is category analysis. Whatever type of selection method, of course the company expects to achieve an accurate selection results. In writing this article the researcher wants to show one form of application of the method so that the selection result can give a picture of transparent result. This method is numerical using a score approach through a focus group discussion process. This categorical method is no less accurate than other similar methods in the recruitment selection process of employees in the company because it is quite objective.

The social organization of workplace mental health: local and translocal ruling relations

PurposeThe purpose of this paper is to make visible the ways in which peoples’ experiences of mental ill health are coordinated and produced in the workplace setting.Design/methodology/approachThis institutional ethnography draws from data collected from 16 informants in one Canadian industrial manufacturing plant to explicate how texts organize activities and align worker consciousness and actions with company expectations of a “bona fide” illness.FindingsThe findings demonstrate how a “bona fide” illness is textually mediated by biomedical and physical work restrictions, thus creating a significant disjuncture between an experiential and ruling perspective of mental ill health.Research limitations/implicationsThe work of employees living with self-reported depression becomes organized locally and translocally around the discourse of “mental illness is an illness like any other.” This presents a profound disjuncture between the embodied experience of being too unwell to mentally perform work duties, and the textually coordinated practices of what it means to access sick time for a “bona fide illness” within a biomedical-based attendance management protocol.Originality/valueThe current study adds to the literature by shedding light on the disjuncture created between the embodied experience of mental health issues and the ruling perspective of what constitutes a bona fide illness, adding a unique focus on how people’s use of attendance management-related supports in the workplace.