Describe economic downturn, Operation Management

Assignment Help:

Please give a detailed answer on how to handle the situation: You work for a small consulting firm and, like most companies; you are currently facing tight budget constraints given the recent economic downturn. Your department (which you now lead) has recently won a large contract, which after submitting your bid, you have realized will require several more copies of a very expensive suite of software to properly deliver the contract on time. The software costs around $7,500 each license. If you purchase these licenses, you will wipe out your entire estimated profit for this contract based on your bids. This will not be received well by your management, as it is your responsibility to deliver accurate bids. One week into the project, you notice that several co?workers now have this software installed. You uncover that a co?worker identified a way to install the software and not pay for the license fee. The plan is to delete the program immediately following the project in 1 month's time given you will likely not require this software for future projects. Your team views this as an innovative way to save cost, deliver the contract on time, and turn your estimated profit. Without these licenses, you will not turn a profit on this contract, which may lead to negative performance review or even demotion. What do you do? Please give a detailed answer on how to handle the situation:


Related Discussions:- Describe economic downturn

Find average time agent work for a call center, A call center employs 1,000...

A call center employs 1,000 agents. Every month 50 employees leave the company and 50 new employees are hired. How long does the average agent work for this call center?

Explain internal environment of an organization, Identify and comment on tw...

Identify and comment on two stakeholders in the internal environment of an organization.

Describe how problems can arise with a functional structure, As organizatio...

As organizations grow and differentiate, problems can arise with a functional structure. Describe and explain the problems that may arise and how organizations may respond.

Depict a forecast on a graph with the actual data, Develop a forecast for y...

Develop a forecast for years 2 through 12 using exponential smoothing with %u03B1 = .4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual data and th

Work study, link between work study and value analysis?

link between work study and value analysis?

Explain exponential smoothing, An electrical contractor's records during th...

An electrical contractor's records during the last five weeks indicate the number of job requests Week: 1 = 22 requests 2= 24 requests 3= 20 requests 4= 23 requests 5= 24 requests

Linear programing problem, A paper mill produces two grades of paper viz., ...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

Explain what business concept, Enron hid debt in secret accounts. Johnson a...

Enron hid debt in secret accounts. Johnson and Johnson removed all Tylenol from shelves when the integrity of the product was questioned. What business concept discussed in this co

Find fair price for the insurance policy, A1 Inc. has $1 million in assets ...

A1 Inc. has $1 million in assets at a job site and, applying a risk transfer approach, wishes to address risk by taking out an insurance policy. The insurance carrier provided its

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd