Report , Management Audit
memo92
management_audit_powerpoint_.pptxSMAC Air
Management Audit
Agenda
Goals
Management Team
What Would We do Differently
New Team
Dividend Policy
Rationale – Stab in the Dark
SWOT
End Playing
Teamwork
Goals
Strategies? – Did they go as planned
- Created a base
- Reliable
- no/few loans
- stayed friendly neighborhood SMAC Air
What Changed?
- Once we grew…
Management Team
Planning
- Discussed plans almost daily
Organizing
- Had all relevant documents in one place
Directing
- Shared leadership duties
Controlling
- Used resources aptly
WWYDD
Know when to quit
- Equity financing
Know how to use idle cash
- Had $$$
- Didn’t use $$$
Read the glossary/index/appendices thoroughly
New Team
READ thoroughly and UNDERSTAND
Don’t make too many big, company altering, decisions at once
You don’t need to spend money to make money
Make sure your expenses aren’t out of control
Spend Smart not fast
Keep an eye on all liabilities
Get the most out of your assets
Dividend Policy
Quarter 1 - $35,000 to common stockholder
Steadily increased
Quarter 8 - $80,000
Introduced stock bonus to Mangers and Pilots from Quarter 5-8
Altered to Stock bonus for all employees in Quarter and onward
Rationale
Initially Quarter 1 – Stab in the Dark
After that…
Calculated decisions
Based on recommendations from:
Glossary
Newsletter
Previous weeks/ practice decision
Thoroughly reading the special decisions and making a group decision
SWOT
Strengths
Tight knit group
Maintained original goals
No debt
Quality/ Reliability
Weaknesses
Constrained by time
Management was comprised of students with other commitments
Opportunities
Lots of Cash going forward
Quality/ Reliability = appealing if SMAC Air grows
Threats
Potential scandals?!
Ever-changing landscape
New unknown companies
End Playing
No evidence of end playing
Company stuck by its morals
Quality and Reliability
Teamwork
Tight knit group
Weren’t afraid of communicating ideas
Shared goals
Strong leadership from all four member
Put company first
Fin
