Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

AirTex Aviation Case

No description
by

Thao Nguyen

on 8 September 2014

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of AirTex Aviation Case

AirTex Aviation Case
Management Control System
Long-story short
Frank
Ted
Pursue their dreams instead of
working for someone else's dream
26
28
December 29, 1989
$100,000
Airtex Aviation
$515,000
20%
Be your own boss
"fixer-upper"
$5000
Reality
3 months
Problems
Lack of motivation
Lack of direction
Personal limitations
Solutions
Redefined strategic views
Set clear objectives
New longer-term
Reduces cost
Decentralised management decision process
New management style
Specific
Measurable
Acceptable
Realisable
Timetable
New MCS
Decentralised Management
Limiting power of accounting department
Each division >>> Profit center
Division managers >>> More autonomous
take decisions on choosing supplies, materials, product mix, selling price
incentive program in place >>> result controls
decision directly impact future performances
Acquisition
Problems
Solution
Management Control System
Class Discussion
Should anything have been done differently?
Answers
Frank and Ted should have acquire more knowledge about the industry prior to the acquisition
THANK YOU
New MCS
Accounting System
P&L statement on activities of each department
Department keep track of its own records
Adminitration Profit Center
sales, receivables, inventories expenses via PO system
cost allocation method
manage the expenses based on receivables balances
Thao N. Ronnie H. Lisa Y.
New MCS
Cash System
Prioritized the acccount payables
Distributed back receivables to each division
Monthly report provided to the bank
Extend loan term
Enhance credit rate
Spend more time training people to avoid controversy
Hire experienced accountant for each division
Full transcript