Senior Management Meeting

Date:

27 October 2016

Time:

12.15

Venue:

Room B5, Facultad de CC. Empresariales y Economa, Cdiz

Expected Participants:
J. Stirling (Managing Director), L. Dickinson (Sales Director), B. Reilley
(Production Manager), C. Bristol (Finance Director), F. Densham (Sales
Manager), S. Dubois (Production Controler)

AGENDA
1. Introduction
2. Opinion of Finance Dept.
3. Opinion of Production Dept.
4. Opinion of Sales Dept.
5. Discussion
6. AOB
___________________________________________________________________
Minutes of Senior Mgmt. Meeting
Date
Venue
Present
S. Dubois

27 October, 12.15
Room B5
J. Stirling, L. Dickinson, B. Reilley, C. Bristol, F. Densham,

1 Introduction
It is agreed upon that without change of any sort the
company will eventually start to struggle financially
and that the tendency to higher production costs
cannot be dismissed nor be stopped. However, the
Production Dpt. will run an analysis on where to
improve production methods to mayhap find a way
of cost trimming the production.

Productio
n
Manager
BR

November
7

2 Opinion of Finance Dpt.

Generally, the financial outlook seems to be poor.
The value of the car stems from being handcrafted.
The workers therefore demand higher wages which

Finance
Director
CB

November
7

will ultimately lead to too high production costs. In

Accordance to voices of the Production Dpt., the
Finance Department will start to calculate a scheme
on how to better the remunerations of the factory
workers as to be more attractive as an employer
3 Opinion of Production Dpt.
Although it is sought-after to increase the
production, there is still dissent on how. The
proposal of moving overseas was dismissed. The
Production Dpt. will consider possible bigger
factory venues that can be utilized to have a more
automated production process or whether it is more
economical to update existing facilities.

Productio November
n
7
Controller
SD

4 Opinion of Sales Dpt.

To reach the highest profitability, the Sales Dpt.
wishes to expand production to 4000 cars p.a. while
simultaneously raising the price by up to 50%. It
was discussed that this seems highly unlikely to be
the best way in the long run considering the image
of the brand. The Sales Dpt. will run a profound
analysis on our sales market to see how many cars
would be absorbed to different prices p.a.. First
outline of the analysis is to be presented ASAP.

Sales
Director
LD

November
7

5 Discussion
Managing
The exchange of arguments led to the general idea
Director
that neither the outsourcing of production can be
JS
permitted nor be any action undertaken which might
threaten the image of our brand. Approval was
given to postpone any major decision until after
mentioned analyses have been completed. The
Management Board favors to renew the production
facilities, use the upcoming retirement of many
workers to change the production process so that
less workers are required, thus slightly higher
wages might be offered, and if market conditions
allow it, to expand production by a certain
percentage point.
A detailed scheme of the so defined possibilities
will be presented on the next meeting.

November
7

6 AOB

To be

Finance

In accordance to the reassessment of our payment

Director
scheme of the factory workers, the salaries of the
CB
administrative and the management will be analyzed
thoroughly. Any action of a raise or the introduction
of a bonus-system for sales will be delayed until a
business plan for the current problems is written
and approved upon.
Next Meeting: November 9, 9.00 am
Venue:
To be announced
Final Note:
ALL REPORTS MUST BE FORWARDED TO ALL
PARTICIPANTS IN DUE TIME AND BE READ FOR
THE NEXT MEETING

determine
d