C.F. Martin Awarded B Corp Status

C.F. Martin Awarded B Corp Status

October 3, 2018

C.F. Martin has manufactured guitars and string instruments for over 185 years.  The company is the first musical instrument company to receive B Corp certification.  B Corp is awarded to companies that have a positive impact on society and the environment “focusing just as much on people and the planet as they do profit”.

This post is based on the Digital Music News article, C.F. Martin Becomes the First Instrument Manufacturer to Receive ‘B Corp’ Status, by Ashley King, September 5, 2018. Image source: Westend61/Getty Images.

Discussion Questions:

1. How does B Corp help focus C.F. Martin on the triple bottom line? How is this a potential order winner?

Guidance: Students should review the triple bottom line and order qualifier/winner concepts.  Ask students to do a quick internet search on B Corp standards and C.F. Martin.  Students can then discuss the questions.

2. How would you integrate triple bottom line information for C.F. Martin into a balanced scorecard?

Guidance: Have the class review the balanced scorecard concept.  Student teams could then create a balanced scorecard and compare answers.  Next, ask the students how difficult it may be to sell this Continue reading

Mining for Data Gold with Supply Chain Metrics

Mining for Data Gold with Supply Chain Metrics

October 7, 2017

Article Title: Hidden sources of better supply-chain performance

Authors of Article: Per-Magnus Karlsson, Shruti Lal, and Daniel Rexhausen

Date of article: September 1, 2017

Source URL: http://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/hidden-sources-of-better-supply-chain-performance

Companies can dig deeper into operational data to create more precise metrics for continuous operations improvements.  The authors warn against relying solely on high-level cost benchmarks to identify performance gaps.  They suggest three principles to guide executives to gain insights for competitiveness through better data.

This article helps further the understanding of the role of data analytics in (1) relating OM and competitiveness, and (2) shaping the future of OM.

Discussion Questions
1. In what ways can operational data and metrics be used to reveal a company’s performance gap?

Guidance: The article provides several examples. This article can be used in the chapter on operations strategy and competitiveness.  Specifically, a data analytics approach can guide executives to determine which competitive priorities beyond cost (e.g., flexibility) are important.  An operations strategy that focuses on specific competitive priorities can then be formulated accordingly.

2. According to the article, “Data analytics is of particular relevance to the future development of OM”. Why might this be the case? Continue reading