This report discusses Daimler-Benz Company's business description, organization structure, sustainability, decision making, problem statement, and formulated solution using quantitative methodology. It also provides recommendations for the company's performance.
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Running head: Final Project Report1 Final Project Report Studentâs Name University Course Date
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Final Project Report2 Executive Summary This is a final report which describes Daimler-Benz Company as the chosen business of research. In this report, the key business description, structure of the organization and its processes and the vital challenges/opportunities the company is experiencing have been discussed. Also, the problem statement is identified and therefore formulate the related solution to solve the existing problem. Finally, the benefit of addressing the solution using quantitative method has been closely addressed.
Final Project Report3 Table of Contents Introduction and Background Information.............................................................................................4 Business Description..................................................................................................................................4 Organization Sustainability......................................................................................................................5 Organization Structure.............................................................................................................................6 Business Decision Making.........................................................................................................................7 Problem Statement....................................................................................................................................7 Formulated Solution for the problem......................................................................................................8 Conclusion and Recommendation............................................................................................................9 References................................................................................................................................................11
Final Project Report4 Introduction and Background Information This final report which will handle Daimler-Benz Company as the chosen business of research. Daimler-Benz Company is a manufacturing company of motor vehicles in Germany and also, is used to manufacture combustion engines (Chen, 2018). The Daimler-Benz Company was established in 1926 by a man known as Daimler. This company mainly is automobile manufacturing industry which is used to brand their vehicles as âMercedes-Benzâ (Suarez, Utterback, Von Gruben & Kang, 2018). The Daimler-Benz Company later expanded its services to deal with insurance and financial services, data processing and real estate management as a group of Daimler. Daimler-Benz Company products that are motor vehicles and engines are amongst leading quality product in the industry of automobile. The team has focused a lot to fill the gap in the market towards producing car and tracks which have long lasting life towards its usage. Daimler- Benz Company have a large diversity in the market since it has several brands in the marketplace which are very attractive to the customers and therefore, creating a strong competitive advantage in the market (Hale Jr, 2018). In this report, it will describe the key business description, structure of the organization and its processes and the vital challenges/opportunities the company is experiencing in the production. Also will identify the problem statement and therefore, formulate the related solution to solve the existing problem using a quantitative method. Finally, the benefit of the solution will be addressed closely.
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Final Project Report5 Business Description Daimler-Benz Company is located in Germany. Is a joint venture between two families in Germany which are aiming to explore digital business in the world. The founder of the company is Karl Benz where the company named after him. The Company headquarter is located in Stuttgart, Germany. In 2017 the company had 289,321 employees who played an important role in producing quality products which finally sold and results to $164.330 billion as a revenue. The company mainly focused on automobile engines and vehicles product in the market. The company has several brands which include: Maybach, Mercedes me, Fuso, Freightliner, and Mercedes-Benz Bank. All these products they have benefits to the individuals and groups in an event (Yu, Mai, Tsai & Dai, 2018). Daimler-Benz Company has several strategies which are aiming to achieve towards its daily process of the organization. These process will enable the company to achieve much in the future. The following are Daimler-Benz Company strategies: -To bring collective ideas concerning digital transformation and promote the activities within all peoples. -To perform daily operations which a creative and promotional. -To change communication means where possible, therefore, promoting company mindset. -To have cooperation among all parties involved in the organization. Organization Sustainability Daimler-Benz Company is responsible for participating in community activities. These are social economic activities which are separate from the main core of the organization. Daimler-Benz
Final Project Report6 Company operates under this slogan when itâs come to environmental sustainability, âHelping.Supporting.Engagingâ. Daimler-Benz Company supports social activities globally because the company believes in business and social responsibility success (Rezapouraghdam, Alipour & Arasli, 2018). This is also supported by the company by offering employment to individuals from different background all around the world. This will helps to promote the culture, education, nature, and initiatives over the world. Also, Daimler-Benz Company is responsible for supporting site environmental project locally and globally. The company already have established a sport and science foundations in the country, showing how concern it is with environmental sustainability. Organization Structure The organizational structure shows how the management hierarchy is arranged in the organization. Also, this describes the responsibilities of each position in the organization including the qualification of holding that position (Madi, El Talla, Abu-Naser & Al Shobaki, 2018). The flow of the organization activities also is described using the organization structure. Daimler-Benz Company has a board of governors which is the team responsible for management tasks in the organization. The main key role of the governing body is to develop and implement organizations decisions concerning the set objectives. This body of governs is build up by the: board of management, supervisory board, and the annual meeting board. The main roles and responsibility of the management board are to present the company when dealing with the third part towards the organization's activities. The supervisory board is used to appoint the members who will belong to the board of management and supervise them including all activities in the company (Drass, Schwind, Schneider & Kolling, 2018). The Germany law
Final Project Report7 towards the board of governors does not allow either one of the member to possess both titles at the same time. If one individual belongs to the board of management cannot belong to the supervisory board and vice versa. The annual meeting is the one which is used to elect and dismiss a member from those boards. Business Decision Making Every organization has to make a decision so as to prosper in its activities. Daimler-Benz Company has several decision to make towards its operations so more on the product. Daimler- Benz Company must make a strong and sound decision so as to maintain competitive benefit in the marketplace. To result to a quality decision the company must employ the experts in this field and they should be ready always to take action towards problem-solving using effective decision-makingprocess (Vohs & Tice, 2018). Daimler-Benz Company has employed much personnel who are used to carry out the survey in the marketplace on how to improve product quality. This data collected helps the organization to make future decision focusing on how to maintain or increase the companyâs sales in the market. Daimler-Benz Company has used several processes of making a decision like analyzing the environment surrounding the business first (Volk, Leal, Jacobs & Smith, 2018). Then the company defines the strength and weakness it has internally and externally in the market. Also by identifying the opportunities in the market behind the threats is a very important step Daimler-Benz Company have undertaken in decision making. The decisions of the company are developed and implemented by the board of governors of the Daimler-Benz Company. These decisions are developed and implemented during the time when the meeting is on the process.
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Final Project Report8 Problem Statement Daimler-Benz Company has existing products in the market and others are requiring to be in the process of production for the future date. Therefore, this means that it is a business model which is in use today and it will be influenced or affected by the coming model due to the introduction of the new products. All these operations are being handled by different departments in the organization therefore, they will be a problem in the information flow concerning the services and vehicles information. This has affected the Daimler-Benz Company in most cases because the organization has been using different distribution channels in the market. The following is the information which will be required for the product to distribute successful, therefore, being misled. They include service information, diagnosis information, parts information, vehicle information, car configuration data, work unit and damage codes in the organization. Using the above distribution channel and the way information is presented, it will cause slow and inefficient distribution making the channel unreliable(Tayebihaghighi, Piltan & Kim, 2018). Formulated Solution for the problem This problem of information flow in the Daimler-Benz Company is possible to be solved using a quantitative analysis. Quantitative analysis methodology will emphasize the objective measures and the numerical data analysis is required. This problem solving also it will need strong decisions from the management (Behmer, Betancourt, Metros & Stevens, 2018). This has never been handled in this organization, therefore the team has decided to solve this using the method of quantitative methodology. The data which is required to be collected for the analysis includes the sample of the information from different departments. This information will be conducted using questionnaire and face to face interview. One questionnaire to be for each department and interview to the different individual from the one who will fill the questionnaire. Use of the past
Final Project Report9 data record and observation also will be important in some departments (de Oliveira, Kim, Lanz & Smolka, 2018). Also, the survey team in the organization is required to carry out viable analysis of the number of customers who are using the product in the market. After collection of data from the relevant departments, now the management should be ready to analyze it systematic arriving at the solution. Using quantitative research methodology in the process of problem-solving have several advantages over the use of other means (Posey, Kandola, Pappu & Halfmann, 2018). The following are benefits of using this methodology: -The quantitative methodology provides a closely conclusive answer to the research problem. -After data is collected and evaluated using the right standards, the answer will be reliable since it is a trustworthy method of finding the answer to the problem. -Since this method requires a sample in making a decision, it makes the process easier by generalizing the entire data to the target group. -Use of quantitative methodology saves time and money of the organization. This is because not all members of the organization will be involved in the decision making of the collected data. Conclusion and Recommendation Daimler-Benz Company is a Germany Company dealing with automobile products like engines and vehicles. Daimler-Benz Company is amongst leading company in the world with manufacturing of the vehicles and providing other related activities like financial and insurance services. This Company performs many activities locally and globally. One of the main aims is
Final Project Report10 to be leading manufacturing company producing quality products in the marketplace. The company uses the board of governors in making organizational decisions. Daimler-Benz Company has experienced the problem of information flow and therefore have chosen to use the quantitative methodology to solve it. This is through collecting data from the related department of the company. Using this report information is good to recommend the best performance of the company towards the organization structure and how the company has handled several matters using the decision-making process.
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Final Project Report11 References Behmer, D. P., Betancourt, M., Metros, C. S., & Stevens, C. (2018).U.S. Patent Application No. 29/590,812. de Oliveira, F. M. B., Kim, D., Lanz, M., & Smolka, M. B. (2018). Quantitative analysis of DNA damage signaling responses to chemical and genetic perturbations. InGenome Instability, pp. 645-660. Drass, M., Schwind, G., Schneider, J., & Kolling, S. (2018). Adhesive connections in glass structuresâpart I: experiments and analytics on thin structural silicone.Glass Structures & Engineering,3(1), 39-54. Hale Jr, A. D. (2018).U.S. Patent Application No. 29/588,743. Levinthal, D. A. (2018). From Strategy to Strategic Organization. InBehavioral Strategy in Perspective(pp. 71-77). Emerald Publishing Limited. Madi, S. A., El Talla, S. A., Abu-Naser, S. S., & Al Shobaki, M. J. (2018). The Organizational Structure and its Impact on the Pattern of Leadership in Palestinian Universities.International Journal of Engineering and Information Systems (IDEA IS),2(6), 1-25. Posey, A. E., Kandola, T., Pappu, R. V., & Halfmann, R. (2018). Advances in Quantitative Analysis of Intracellular Protein Phase Separation Kinetics and its Modulation by Cellular Interactions.Biophysical Journal,114(3), 588a.
Final Project Report12 Rezapouraghdam, H., Alipour, H., & Arasli, H. (2018). Workplace spirituality and organization sustainability: a theoretical perspective on hospitality employeesâ sustainable behavior.Environment, Development, and Sustainability, 1-19. Suarez, F. F., Utterback, J., Von Gruben, P., & Kang, H. Y. (2018). THE HYBRID TRAP: Why Most Efforts to Bridge Old and New Technology Miss the Mark.MIT Sloan Management Review,59(3), 52-57. Tayebihaghighi, S., Piltan, F., & Kim, J. M. (2018). Control of an Uncertain Robot Manipulator Using an Observation-based Modified Fuzzy Sliding Mode Controller.International Journal of Intelligent Systems and Applications,10(3), 41. Vohs, K. D., & Tice, D. M. (2018). Making choices impairs subsequent self-control: A limited- resource account of decision making, self-regulation, and active initiative. InSelf- Regulation and Self-Control, pp. 45-77. Volk, R. J., Leal, V. B., Jacobs, L. E., & Smith, R. A. (2018). From guideline to practice: New shared decisionâmaking tools for colorectal cancer screening from the American Cancer Society.CA: a cancer journal for clinicians, pp. 567-789. Yu, M. C., Mai, Q., Tsai, S. B., & Dai, Y. (2018). An Empirical Study on the Organizational Trust, Employee-Organization Relationship and Innovative Behavior from the Integrated Perspective of Social Exchange and Organizational Sustainability.Sustainability,10(3), 864. Chen, C. H. (2018). A Study on the Performance of Automobile Companyâs Acquisition of Non- life Insurance Company.
Final Project Report13 Chen, C. H. (2018). A Study on the Performance of Automobile Companyâs Acquisition of Non- life Insurance Company.