Understanding the Enterprise: Concepts, Elements, and Social Responsibility
The Concept of Enterprise
A company is an organization that buys and transforms factors to produce goods and services in the market.
The Company and Production
The aim of the company has been meeting consumer needs by producing goods and services. The economic system solves basic economic problems.
Relationship Between Firms and Households
Production and consumption are two key activities in which exchange relationships exist between firms and households.
The Circular Flow of Income
It represents the functioning
Read MoreHistory and Evolution of Quality in Products & Services
History of Quality
In recent years, businesses have been looking for quality as a means to enhance competitiveness and increase profits. During World War II, there was a strong demand for production. W. Edwards Deming argues that quantity was prioritized over quality, and independence led to companies starting to earn money, leading to consequences. The emphasis on quality over quantity brought a crisis to the West because the quantity produced was not consumed. Key points are: quality is as important
Read MoreAPQP, FMEA, and Poka-Yoke in Manufacturing
Advanced Product Quality Planning (APQP)
APQP defines and establishes the steps needed to ensure product quality and customer satisfaction. The goal is to facilitate communication between all involved parties.
1. Program Planning and Definition
The objective of this stage is to identify customer needs and expectations for subsequent tackling of project planning and quality plan definition.
- Inputs:
- Customer requirements
- Market research
- Functional analysis of the product
- Outputs:
- Design objectives
- Product specifications
- Preliminary
Understanding Networks, IP Addresses, and Cloud Computing
Unit 1: Network Types
PAN (Personal Area Network): A network covering a small area, like a home or office.
LAN (Local Area Network): A network connecting devices in a limited area, such as a building.
MAN (Metropolitan Area Network): A network covering a larger area, like a city.
WAN (Wide Area Network): A network spanning a large geographical area, like a country or the world.
Understanding IP Addresses
An IP address is a numerical label assigned to each device connected to a computer network that uses
Read MoreUnderstanding Production Economics, Management, and Quality
Production Economics: A Conceptual Overview
From an economic standpoint, production involves the creation of goods using basic productive resources to satisfy needs. From a technical perspective, it’s the combination of elements to obtain property or services. Functionally, production adds value to things and creates property value.
Factors of Production
Effective production requires a combination of:
- Material Factors: Natural resources
- Human Factors: Labor
- Capital: Financial resources
- Organizational Factors:
Project Management with Logical Framework Approach
Context, Control, and Knowledge in Project Management
Any proposed intervention inevitably alters the living conditions and social relations of various groups within a specific social context and time. These changes may have varying effects – positive, negative, or neutral – on the interests of each group. Consequently, the stances of those involved can range from active participation and collaboration to attempts to undermine the project.
The Logical Framework Approach (LFA) considers these factors