case study: Developing a Missile: The Power of Autonomy and Learning

Requirements

  1. one (1) paragraph vision statement for the team project as project leader for the Joint Air-to-Surface Standoff Missile program.
  2. Analyze key actions that Terry Little took to foster higher levels of performance, and recommend, in retrospect, a new course of action for a comprehensive organizational change as if you were in his position.
  3. Describe the fallacies, consistencies, and inconsistencies that emerged from Terry Little’s leadership tactics, geared toward inspiring the team to greater heights. Construct an argument for how you would have acted differently than Terry Little and support the position.
  4. Recommend at least three (3) strategies to the Joint Air-to-Surface Standoff Missile program management team with a view to improving its operational performance. Provide three (3) specific examples to support the response.

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FG is preparing its cash budgets for January, February and March. Budgeted data are as follows: November December January February March Sales (units) 750 800 800 850 900 Production (units) 800 800 850 900 950 Direct labour and variable overheads incurred $48,000 $48,000 $51,000 $54,000 $56,000 Fixed overheads incurred (excluding depreciation) $20,000 $20,000 $20,000 $20,000 $20,000 The selling price per unit is $200. The purchase price per kg of raw material is $25. Each unit of finished product requires 2 kg of raw materials which are purchased on credit in the month before they are used in production. Suppliers of raw materials are paid one month after purchase. All sales are on credit. 80% of customers, by sales value, pay one month after sale and the remainder pay two months after sale. The direct labour cost, variable overheads and fixed overheads are paid in the month in which they are incurred. Machinery costing $100,000 will be delivered in February and paid for in March. Depreciation, including that on the new machinery, is as follows: Machinery and equipment $3,500 per month Motor vehicles $800 per month The opening cash balance at 1 January is estimated to be $15,000. Required: Prepare a cash budget for each of the three months January, February and March.

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