Project Initiation Report for Winsome Manufacturing's New Storage Unit ProductStakeholders and Their InvolvementThe main stakeholders for this new storage unit project include departments across Winsome Manufacturing. The design, production, purchasing, shipping, sales, and marketing departments will all play key roles in the project's success. Their level of involvement will depend on the project phase. In the initiation phase, representatives from each department should be involved in high-level planning. In later phases, involvement will focus more on each department's specific tasks and deliverables. External stakeholders
IP 1....4-6 PAGES BUT 4 IS ENOUGH
In 1999, a Seattle man took a popular soft-drink company seriously when one of its commercials made an offer of a Harrier jet, the famous high-tech jump jet used by the U.S. Marines. In a television commercial that aired in 1995, the company jokingly included the Harrier as one of the prizes that could be received with a mere 7 million company points. Although that sounds like a lot of points to get from drinking the soft drink company's products (roughly 190 drinks a day for 100 years), the company also allowed customers to purchase points for 10 cents each.
The man did the math and discovered that the cost of the 7 million points needed for the jet was $700,000. He then put together a business plan, raised the $700,000 from friends and family, and submitted 15 points, the check, and an official order form with a demand for the Harrier jet.
The company wrote back, stating that the Harrier jet in the commercial was simply used to create a humorous and entertaining advertisement. They apologized for any misunderstanding or confusion people may have experienced and enclosed some free product coupons.
The free coupons did not satisfy the man, who then took the soft drink company to court. Finally, a federal judge for the Southern District of New York held that the company was only joking when it implied in its ad that it was giving away fighter jets. The judge noted that because the jets sell for approximately $23 million, no one could have concluded that the commercial actually offered consumers a Harrier jet. Instead, this was a classic example of a deal that was too good to be true.
Write a paper of 4–6 body pages that answers the following questions, including an in-depth explanation of the supporting rationale:
What are the key legal factors present in the scenario?
What are the 4 elements of a valid contract? How do they relate to the scenario in question?
What is the objective theory of contracts?
How does the objective theory of contracts apply to this case?
In your own words but based on research and analysis of relevant legal concepts and cases, why do you think the court held that there was not a valid agreement in this scenario? Provide support for your position.
Are advertisements generally considered offers? Explain.
How does this case differ from a reward situation in which a unilateral contract is formed upon completion of the requested act?
What recommendations (at least 2) would you make for a company considering an aggressive marketing campaign with giveaways of high value items? Explain the rationale behind each recommendation.
Your submitted assignment (200 points) must include a Word document of 4–6 body pages that contains your answers to the questions listed and a reference list of any sources that you used within your paper (cited properly in APA format).
DISCUSSION 1
Assignment Details
This DB has two parts.
What process should managers use to determine who ...
Similar to Project Initiation Report for Winsome Manufacturing's New Storage Unit ProductStakeholders and Their InvolvementThe main stakeholders for this new storage unit project include departments across Winsome Manufacturing. The design, production, purchasing, shipping, sales, and marketing departments will all play key roles in the project's success. Their level of involvement will depend on the project phase. In the initiation phase, representatives from each department should be involved in high-level planning. In later phases, involvement will focus more on each department's specific tasks and deliverables. External stakeholders
DUE DILIGENCE CHECKLISTS (See Note 1 at end of document)Note .docxjacksnathalie
Similar to Project Initiation Report for Winsome Manufacturing's New Storage Unit ProductStakeholders and Their InvolvementThe main stakeholders for this new storage unit project include departments across Winsome Manufacturing. The design, production, purchasing, shipping, sales, and marketing departments will all play key roles in the project's success. Their level of involvement will depend on the project phase. In the initiation phase, representatives from each department should be involved in high-level planning. In later phases, involvement will focus more on each department's specific tasks and deliverables. External stakeholders (13)
Project Initiation Report for Winsome Manufacturing's New Storage Unit ProductStakeholders and Their InvolvementThe main stakeholders for this new storage unit project include departments across Winsome Manufacturing. The design, production, purchasing, shipping, sales, and marketing departments will all play key roles in the project's success. Their level of involvement will depend on the project phase. In the initiation phase, representatives from each department should be involved in high-level planning. In later phases, involvement will focus more on each department's specific tasks and deliverables. External stakeholders
1. IP 1....4-6 PAGES BUT 4 IS ENOUGH
In 1999, a Seattle man took a popular soft-drink company
seriously when one of its commercials made an offer of a
Harrier jet, the famous high-tech jump jet used by the U.S.
Marines. In a television commercial that aired in 1995, the
company jokingly included the Harrier as one of the prizes that
could be received with a mere 7 million company points.
Although that sounds like a lot of points to get from drinking
the soft drink company's products (roughly 190 drinks a day for
100 years), the company also allowed customers to purchase
points for 10 cents each.
The man did the math and discovered that the cost of the 7
million points needed for the jet was $700,000. He then put
together a business plan, raised the $700,000 from friends and
family, and submitted 15 points, the check, and an official order
form with a demand for the Harrier jet.
The company wrote back, stating that the Harrier jet in the
commercial was simply used to create a humorous and
entertaining advertisement. They apologized for any
misunderstanding or confusion people may have experienced
and enclosed some free product coupons.
The free coupons did not satisfy the man, who then took the soft
drink company to court. Finally, a federal judge for the
Southern District of New York held that the company was only
joking when it implied in its ad that it was giving away fighter
jets. The judge noted that because the jets sell for
approximately $23 million, no one could have concluded that
the commercial actually offered consumers a Harrier jet.
Instead, this was a classic example of a deal that was too good
2. to be true.
Write a paper of 4–6 body pages that answers the following
questions, including an in-depth explanation of the supporting
rationale:
What are the key legal factors present in the scenario?
What are the 4 elements of a valid contract? How do they relate
to the scenario in question?
What is the objective theory of contracts?
How does the objective theory of contracts apply to this case?
In your own words but based on research and analysis of
relevant legal concepts and cases, why do you think the court
held that there was not a valid agreement in this scenario?
Provide support for your position.
Are advertisements generally considered offers? Explain.
How does this case differ from a reward situation in which a
unilateral contract is formed upon completion of the requested
act?
What recommendations (at least 2) would you make for a
company considering an aggressive marketing campaign w ith
giveaways of high value items? Explain the rationale behind
each recommendation.
Your submitted assignment (200 points) must include a Word
document of 4–6 body pages that contains your answers to the
questions listed and a reference list of any sources that you used
3. within your paper (cited properly in APA format).
DISCUSSION 1
Assignment Details
This DB has two parts.
What process should managers use to determine who the
stakeholders are in a project?
An important aspect of planning a project is to identify the risks
that could be involved if the project is undertaken. Discuss the
process that should be taken in the project risk management
phase. How can this process identify potential ethical and legal
issues that are uncovered?
READ AND REPLY TOO EACH DISCUSSION BY AGREEING
OR DISAGREEING WITH THE POST AND WHY?
REPLY 1
This DB has two parts.
What process should managers use to determine who the
4. stakeholders are in a project? Before choosing a process of
identifying stakeholders one must first understand that
stakeholders are the individuals, groups, corporations, or
communities that are affected by the project. From there
managers can brainstorm with the project team or by them
selves to identify and analyze who the stakeholders are, rank the
stakeholders by importance to the project, and identify which
stakeholders have the most influence over the project. This
information is used to create a stakeholder registry and a
stakeholder management plan.
An important aspect of planning a project is to identify the risks
that could be involved if the project is undertaken.
Discuss the process that should be taken in the project risk
management phase.
The process to identify, evaluate and prepare for risks during
the risk management phase is usually recognized as a five step
process. The five steps are; identifying the risks, analyzing the
risks, ranking the risks, planning responses to risks, and
monitoring the risks. (Kloosterman, n.d.) This allows for
adequate planning for events that may potentially take place so
that they can be mitigated, avoided, or faced head on if need be.
How can this process identify potential ethical and legal issues
that are uncovered?
When trying to identify risks to any project it is a good idea to
research the legal and ethical issues involved with the project as
to ensure that the stakeholders, team, or project manager is held
legally responsible for actions that are taken during a project.
If any areas that put any stakeholders at risk for legal or ethical
violations are discovered, the project can be altered to ensure
that there are no violations caused by the project.
5. References
Kloosterman, V. (n.d.).
Risk Management Steps
. Retrieved from Continuing Professional Development
Organization:
https://continuingprofessionaldevelopment.org/risk-
management-steps-in-risk-management-process/
https://continuingprofessionaldevelopment.org/risk-
management-steps-in-risk-management-process/
REPLY 2
0
Like
Lawrence Loftus (1)Nov 7, 2018 12:50 PM
What process should managers use to determine who the
stakeholders are in a project?
Well to me this a very simple answer. The manager needs to
determine who is involved with project as a whole. The
stakeholders are basically anyone who will be affected by the
projects success or failure. So the important factor really is who
do you want to be involved and at what levels.
An important aspect of planning a project is to identify the risks
that could be involved if the project is undertaken. Discuss the
process that should be taken in the project risk management
6. phase. How can this process identify potential ethical and legal
issues that are uncovered?
To begin you want to determine what are the risk factors, create
your risk management plans with the degrees of highlighted
risk. This allows to generate what possible outcomes can and
probably will occur and you can than identify what ethical or
legal risks may be a factor for the project.
IP 2
4 PAGES
Winsome Manufacturing Company produces plastic storage
containers and sells them to the home consumer through home
sales events. At the company’s quarterly meeting, the head of
marketing described a new product to be introduced in the first
quarter of the next fiscal year, approximately 9 months from
now. The product will be a room-sized plastic storage unit
suitable to the outside of the home; it is similar to a
competitor’s product but will have significantly more features.
This product will open new markets for the sales channel, lay
the foundation for add-on products, and generate new revenues.
Management has only seen preliminary sketches of the potential
product but they are very excited by the new product.
The project will require participation from the design,
production, purchasing, shipping, sales, and marketing
departments. Winsome Manufacturing owns a line of suitable
injection molds, so all manufacturing will be done in-house.
The project manager for this project has not yet been selected,
7. but that decision is expected to be made in the next week.
A preliminary project initiation meeting will result in the
identification of the project sponsor, selection of a project
manager, and creation of the project charter. A manager in the
production department who knows you are taking a college
project management course asks you to prepare a brief report to
help him prepare for the meeting by answering the following
questions:
Who are the project stakeholders? How will they be involved in
the project?
Who should be the project sponsor? Why?
From which department should the project manager come?
Why?
What skills and experience are likely needed by the project
manager for each phase in the project life cycle, and how do
they differ between the various phases?
What type of communication plan will likely be needed during
the project?
What information should be shared with the project
stakeholders?
What is the mechanism that could be used for each type of
information?
What is the frequency with which information should be shared?
What should be done if project communications are not proving
8. to be effective?
What technology could be used for project communications?
At what point could communication about the project become an
ethical or legal issue?
What information should be included in the following elements
of the project charter:
What is the problem the project proposes to address?
What business opportunity might project completion create?
What is the business case for undertaking the project?
What is the financial impact of the project?
What are the expected results of the project?
What value will the project add?
What are risks that might be involved with undertaking the
project?
What is the potential impact to the company if the project is not
undertaken?
Present your findings as a Word document of 4–5 pages (not
including title and reference pages) formatted in APA style.