Creating a Lean Enterprise: The Case of the Lebanon Gasket Company

Creation of a lean enterprise is always the objective of most manufacturing companies and other processing businesses. When one ventures out to develop a business, their main objective is normally to maximize profits, while offering quality goods and services. Maximizing of profits means streamlining costs while maintaining the quality of the products and services for the customers. The creation of a lean enterprise is hence governed by customer driven motives that ensure the creation shareholders value while focusing on the specific needs of the customers. A lean enterprise therefore pursues perfection of the enterprise’s products while minimizing costs through cellular manufacturing, lean manufacturing and reduction of wastes in the manufacturing process. Continue reading →

Chinese Culture Case Study:

China is supposed to be one of the oldest civilizations in the world and probably the single country the ethnical type of the population has not changed for more than 5000 years. China has a long history and due its long existence it has accumulated numerous masterpieces of art, developed its own philosophy and political life. Although, there are several misunderstandings between the representatives of different religious views, the single language and the complex of ethical and historic views unite the Chinese culture in the borders of Confucianism and Daoism. Probably the most famous elements of Chinese culture are the hieroglyphs. China is famous for its calligraphy, which is so rich that counts thousands of various hieroglyphs and every Chinese should be an artist to be able to draw all the symbols in the right and understandable way. Chinese music is also quite specific and its motives are easily recognized all over the world. Art and theatre are closely connected with the Chinese literature, traditions and customs. Continue reading →

BASF Case Study:

BASF is a German chemical company which has its headquarters in Ludwigshafen. BASF is known to be the largest chemical company in the world and the choice of its production is enormous. The company produces chemicals serving for various purposes: from plastic products, dyes, cosmetics and food supplements to building chemicals, fertilizers, chemicals protecting crop’s growing and oil and gas exploration and production. The name of the company has changed many times, because it started its activity as a soda producer and with the run of time the choice of production increased. The activity of the company started in the second half of the 19th century with the massive development of the chemical industry. When a new element or substance was discovered, it was produced massively and numerous chemical companies appeared. BASF at first worked in Baden but the local government started to fear that the factory would pollute the town’s air and water and the factory was moved to Ludwigshafen in order to save the prestige and touristic attractiveness of Baden. Continue reading →

China Economy Case Study:

China economy is characterized as the socialist market economy and it is supposed to be the second largest and second most powerful economy after the USA. The success of China is associated with the rapid dynamics of the growth of its economy and intensive development of industry, services and agriculture. The country develops its traditional spheres of industry: textile, coal and iron ore processing, china, oil processing, gas, chemical, aviation, space, electronics, machine building, etc. China occupies the leading positions in the coal mining, production of fertilizers, steel and energy. The country possesses well-developed modern transportation systems: railways, highways, airlines and seaports. China is supposed to be one of the most rapidly developing countries in the world and the latest financial crises have not caused any negative impact of its economy. The country is constantly improving the standard of life for its citizens and quality of life increases gradually. Continue reading →

Wealth Maximization Case Study:

Wealth maximization is the strategy of businessmen aimed at the accumulation of the capital and further development of the firm. It is natural, that the main task of business is making money. The core desire of every businessman is the increase of the income. Of course, it is not easy to receive high income just starting the business, because one requires no less than half of a year to see the objective success of business and its perspectives of capital maximization. Wealth maximization is depends on numerous factors. The most important one is the type of the firm, the sphere of its production, the number of employees, the popularity of the produced goods and services on the market and the type of the organization and management of the process of production. Then, the success depends on the experience and knowledge of the businessman and the ability to attract the right investors who will give money for the development of the firm. Continue reading →

Use of Social Media Case Study:

Social media is a kind of mass media which exists under the assistance of the Internet and is characterized with the fact that online users take the active part in the creation of the content of the media and make it popular or not involving other users, cooperating between one another and sharing information. The sphere of social media is divided into numerous branches: various common projects, blogs and micro blogs, content groups, social networks, virtual game worlds, virtual social worlds. Nowadays, social media has become the most important and popular means of mass media, because television and radio do not attract so much attention as the Internet with its numerous means of communication. The popularity of social media depends on the value of information in the modern society. Today information is the most valuable resource, so the Internet has become the leading means of mass media. Speaking about the use of social media one should admit that it plays a very important role n the human everyday life. Continue reading →

Vandalism Case Study:

Vandalism is the intentional destruction or damage of cultural and historical monuments, and other cultural and material values, private and public property. The term “vandalism” comes from the name of the ancient German tribe “Vandals”, the members of which attacked Roman cities and towns and ruined everything on their way. Vandalism is a serious problem, which still exists in the modern society and is based on the damage of the important monuments and cultural and material values. Vandalism is divided into two major groups according to the time: vandalism in the war time and peaceful time.

When the war is in its active process vandalism is not a surprise, because the conqueror always tries to demoralize the opponent and ruins the important monuments and other material values which can be important and sacral for him. Continue reading →

Vendor Management Case Study:

Vendor management is the process of the appropriate organization of the work of vendors in the company. The question of vendor management is very relevant for every firm, because it is difficult to find the right employees who will be able to organize the activity of trade, increase the financial performance of the firm, optimize the process of sale, treat the work with responsibility, monitor the activity of other vendors on all levels.

Vendor management is a complicated issue for every company, because it is hard to provide the vendor with the appropriate working conditions and satisfy his emotional needs. It is important for the managers of the higher level maintain the work of the vendors of the lower level in order to make their work more successful and productive. Naturally, vendor’s income depends on his skills and personal abilities to sell the product to everyone. It does not worth mentioning that one can not master the skills of a perfect vendor without the advice and assistance of the experienced employees. Continue reading →

US Economy Case Study:

US economy is the complex of the all kinds of the economic activity of the country. The USA is the post industrial country with the leading economy and prominent military power. It is the third largest country in the world according to its area and population. The US has diverse and highly-developed industry, the most important branches of which are machine building, transportation, production of various mineral resources, food industry, etc.

The location of the country and its area enabled to become the second largest producer of natural gas in the world and the third largest producer of oil. These resources are the most expensive nowadays and the economic growth depends on them greatly. Of course, the US is not the resource economy but the post industrial one and it means that the country develops numerous branches of industry, agriculture and focuses on services and high-tech production. Continue reading →

Ultrafiltration Case Study:

Ultrafiltration is the kind of membrane filtration, which is characterized with the separation of solutes and suspended solids through the semipermeable membrane under the effect of pressure.

Ultrafiltration is the selective transportation of the solutes and water which have low molecular weight through the membrane while the solutes with the high molecular weight are retained. As a result the solute is filtrated from pollutants and heavy elements. This type of filtration is used in various branches of industry and in the sphere of water purification. Nowadays people have to save water and other resources in order to reduce the pressure of the human activity on the natural environment. In order to recycle water and purify it the scientists have invented the method of ultrafiltration which enables to make the water clean and appropriate for drinking and other needs. Continue reading →