Sustainable Management Futures (indivdual assignement ) Assignment

Sustainable Management Futures (indivdual assignement ) - Assignment Example EADS and BAE made all of their assets to move to the newly established company. At present, EADS holds 80 percent shares of Airbus, whereas BAE holds 20 percent shares of the company. a supervisory council has been established to look into the operation of airbus. This committee is actually a shareholder committee and consists of seven members only. In this committee five members come from EADS, while the remaining two come from BAE. The committee is responsible for approving budget of Airbus (Airbus, 2010). This shareholder committee also helps in making and implementing investment strategies of the firm. Later on Airbus significant effort has been made to reorganize the company to build several centers of excellence with an aim to earn profit. Each of these centers is authorized with the power of making their own manufacturing and buying policies relating to the production of different parts of aircrafts. They are allowed to make subcontract in order to reduce costs. This kind of o perational set up has been chosen by this aircraft company as for this industry, this policy seems to be the most effective way of building and maintaining profitability. Presently, airbus has four subsidiaries which are authorized to take their own operational decisions. These subsidiaries are airbus of North America, Airbus of China, Airbus Japan and Airbus Transport International. It is a very profitable company and presently it offers its supports more than 3000 aircrafts with 250 operators. Airbus has a mission of providing those aircrafts that are best suited to the current needs of the market along with supporting all these manufactured aircrafts with services of the highest quality. It holds the vision of listening to their customers’ needs and responding accordingly. This paper will make an attempt of examining sustainable management of airbus which operates on a multinational ground. First of all a rigorous analysis of the political, economic, social and technologic al aspects associated with the company will be conducted. Then focus will be placed on environmental aspects that the company should take under consideration. The paper will also discuss the major drivers that have forced the company to take into consideration various environmental aspects while forming its operational policies. This paper will also discuss sustainable management strategies of Airbus along with considering the benchmark requirements. Finally it will analyze the impacts of these policies. PEST analysis and analysis of Environmental Factors associated with Airbus operation: The essential items to deal with the global strategy (based on the PESTEL analysis): Political analysis: Airbus has always been the source of economic activities such as jobs, technology development, ancillary companies and spin offs. Therefore EU has provided Airbus its assistance throughout. Since Airbus is a European consortium of French, German, Spanish and UK companies, therefore EU has served it full-fledged since it a support through tax breaks, financing, loan guarantees and research and development support. In 2001, in one of the reports from European Association Of Aerospace Industries, it is seen that there have been at least 4,35,000 jobs in the aerospace sector of Europe, with 1.2 million jobs being supported directly or indirectly by the industry. There has been a friction in the relationship between US and

Legal Environment of BUSINESS FINAL EXAM Essay Example | Topics and Well Written Essays - 1500 words

Legal Environment of BUSINESS FINAL EXAM - Essay Example On the other hand, the article contains guarantee for fitness of goods for the right use (Ferrari 43). This implies that the seller of a product should assure the buyer that the product will serve the intended purpose. In this case study, the seller bought software online from Ace Inc. according to Article 2 of the Uniform Commercial Code, the buyer is entitled to enjoy products of merchantable quality and the product should serve the intended purpose (Saxon 93). However, it appears that the buyer has no problem with the quality and performance of the product. The buyer discards the software because the seller has offered it at a higher price than another seller of similar product. Therefore, basing my view on article 2 of the Uniform Commercial Code, I believe John (buyer) has no reason for discarding the software because the seller has met all the requirements as stipulated in the article. John was supposed to examine different prices offered by different sellers in order to decide on where to buy the product. The fact that John bought the similar software from a different company implies that what Ace Inc met the warranties of merchantability and fit for the purpose (Ferrari 71). Also, these warranties apply to John because he bought the software from a company that was operating in the same field of business. According to the law of contract, the buyer owes the seller duty of acceptance of the product and payment of reasonable price (Ferrari 112). Therefore, John should accept the software and pay a reasonable price for the products. In case the buyer feels that the price was unfair, he should petition the court to decide on what the fair price will be in this situation. Question B: sale of goods Contracts The contract is for the sale of goods as stipulated in English Sale of Goods Act 1893 (Saxon 154). A contract for sale of goods involves an offer and an acceptance. In this case study, Ammco made an offer to sell merchandise worth more than $500.00 to Erm a. According to the requirements of the contract of for sale, Erma agreed to purchase the merchandise in writing hence fulfilling the contract requirement that sale of goods exceeding $5 should be in writing (Ferrari 154). The contract involved two parties, the seller and the buyer. In addition, the consideration of a contract for sale of goods should be in monetary value, and this was fulfilled in the case study because Erma agreed to pay more than $500. The contract for the sale of goods determines the moment when transfer of property in goods takes place because this determines when the risk in goods passes to the buyer and remedy available to each party in case the goods are damaged. This contract did not follow the actual procedure of forming a contract. The additional information given by the seller to the buyer constitutes a counter offer hence the contract is voidable at the will of the buyer (Ferrari 187). This implies that the contract will be formed between the buyer and the seller the moment the buyer will accept the new conditions stated by the seller. Should the buyer agree to pay for insurance and cost of freight, then there will be a conclusion of a contract under Cost Insurance and Freight (C.I.F). Under C.I.F contract, the buyer has a right to accept the merchandise only if the merchandise meets the specifications stipulated in the contract. The goods on voyage are at the buyer’s risk since the seller insured the goods on his behalf. However, if the