Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Cost Managerial
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Wed Feb 3 2010 Audi owner had a pretty specious claim in my opinion, that for no reason their cars just suddenly accelerated. But it caused lots of problems for Audi. Understand the original Apple computer, which became the popular Apple II, was invented in the proverbial garage in California. The inventor was Steve Wozniak,…
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Sunday Jan 31 2010 Sony Toyota and JAL are having problems. Once Toyota got as big as GM it started making the same kinds of mistakes. As the article points out a one part fits all strategy saves money but raises the possibility of Tipping Point across all model lines if the part fails. Which is…
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I commented in class that the airlines were charging to check luggage. This of course means more people try to carry luggage on, thereby potentially increasing turn around time on the ground. Now more folks are checking their bags via Fed EX or UPS. I continue to believe this will finally boost video conferencing, reach…
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No Such Thing as Non Profit! Are you involved in a non-profit organization? Do not confuse non-profit with failing to generate cash! The use of the term non –profit regrettably has many executives in the industry deluded that they actually turn a profit. Nothing could be further from the truth. The downturn in the…
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Meet Stuart Frankel. Stuart operates a Subway shop in south Florida. He hit on the idea of cutting the price of the foot long sandwich to $5 from $6. Hmmm, economic slowdown, cut prices, move more product. How difficult is that? AS you will see pretty difficult, at least to get headquarters on board. We…
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"It is not necessary to change. Your survival is not mandatory." – W. Edwards Deming I found that Deming quote at Jesse's Cafe and it certainly describes GM today. Fritz Henderson is out as CEO at GM. AS one observer remarked, it is not a good time to be an insider at GM, this is…
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It's not just the city, it's the state. That quote sums up the prospects for Las Vegas with City Center and the State of Nevada and more new rooms opening Dec 16. Dubai, Macau, and Las Vegas have all made gigantic bets on tourism, the latter two depending on gambling. Dubai and Vegas are playing…
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We have discussed the cost of the new Cowboy Stadium and whether this will weather the economic storm, see previous post on food stamps.Parade dispatched a reporter to give us the up close and personal experience. She encoutered a fellow who had paid $24,000 for the rights to two seats, the actual tickets are another…
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It's not just for the homeless any more, yep Food Stamps now help 36 million people The numbers were growing even at the stock market and economy were in good shape. Will these new additions ever go off the program? See the previous post about the trillions in deficit spending….
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John Mackey, the CEO of Whole Foods, has a vision. Sounds a lot like Deming mixed with Balanced Scorecard to me. We will be discussing this in our three cost classes this week. This will take you to the latest articles from Fast Company Magazine, a publication worth reading. try the article on social media…
Professor Elam 