EcoWorld is a manufacturer of enclosed, decorative environments. They are composed of a hand-blown glass sphere filled with water, one fish, and some aquatic plants. The fish and plants work together so that the system will continue as long as it has light. The spheres have become a popular holiday gift so sales skew towards November/December. EcoWorld, located in Seattle, Washington, wants to globalize its process. This year, the European country of Latervia, renowned for its cheap and expert glass blowing, has lifted its export tariff. EcoWorld has also identified another European country, Rombia, as a new market because it has no import fees. Raw materials will be transported via aircraft and the final product will be delivered by aircraft and then truck. You are hired by EcoWorld to assist them in developing a global manufacturing and distribution plan. Create a report that includes the following elements:
1. Identify and assess the risks and benefits to moving the supply chain to a global market. Be certain to analyze both the supplier and the consumer ends of the supply chain.
2. Discuss how globalization will affect the various modes of transportation. What are some strengths and weaknesses of each mode of transportation? How would a 10% increase in fuel prices affect EcoWorld's globalization plans?
3. Discuss how insurance costs will be affected by globalization and the use of multiple means of transportation across borders.
4. How should EcoWorld adjust its manufacturing and distribution to take into account the product's seasonality?
5. What inventory valuation / policy method should EcoWorld use? Identify some of the costs for creating and maintaining inventory of a final product. How will these costs be affected by globalization?
In: Operations Management
In: Operations Management
(please type the answers)(business turnaround management 5640)
Research a company that has successfully or unsuccessfully underwent a turnaround strategy and address the following: What causes forced the company to restructure? What restructuring options did the company consider? Briefly describe the restructuring plan and its outcome – be sure to address whether value was created and how (if the business failed please comment on the impact to shareholders) As a stakeholder how do you feel about the company’s restructuring plan and why
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What are the compensation and employee benefits issues faced by contingent workers?
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(please type the answers)(entreprenuership 5620)
Q3: Imagine you’re about to attend a one-day seminar dealing with intellectual property law, and you contact a friend of yours who is in the process of starting a business to urge her to attend the seminar with you. She says to you, “I’m really busy because I’m just about to launch my start-up, so I’ll have to pass. If they offer the same seminar next year, I’ll go with you then.” How would you respond to your friend? Justify your response.
In: Operations Management
You are assigned by your employer to prospect an area for an extractable material. However, in the course of your work, you discover no such object material but some other valuable material which your employer is not interested. On the other hand, the information which you have is of great importance to another company. As an engineer can you release the particular information which you have to the other party so that the other valuable material may be explored? Demonstrate your solution through a simple case study/example.
Answering Format for the question you had selected:
1. What are your personal belief and stand on this matter?
2. What is the ethical and/or legal issue to be considered? Please state this with reference to the correct Rules and Regulations on Engineering Ethics and Professionalism / standards / codes for engineers. You need to mention the code/standard in your essay.
3. Identify and describe potential stakeholders.
4. Identify alternative ways to resolve the issue, and discuss their potential effects on all stakeholders.
In: Operations Management
External and Internal Analysis of a business definition:
The internal analysis tries to identify the current strategy and the position of the company against the competition. The resources and abilities of the company must be evaluated, with special attention to the detection and elimination of weak points and enhancement of strong points, as well as the capacity of resistance of the company itself, that is, its strength in the event that the strategic formulation fails.
The external analysis determines the strategic factors of the environment, in order to detect possible difficulties and opportunities for the company. This will be the specific factors of the study of current competitors, their market share, possible future competitors, technological development, information and communication systems, substitute products, etc.
Please describe the tools within both the External and Internal Analysis of a business.
PESTLE Analysis
SWOT Analysis
Please describe the purpose of each
PESTLE Analysis helps the businesses to study the external prospects and threats in the market of study. Those can be the political changes, economic, legal, technological, environmental, and social factors.
SWOT Analysis: with the SWOT analysis companies can undertand their Strenghts, Weakness, Opportunities, and Threats.
The Five Forces: Focus in 5 forces that can affect the business as: competition - potential entrants, existing competitors, buyers, suppliers and alternative products/services.
please answer the questions 1 and 2
thanks
In: Operations Management
Organizational culture - Ritz-Carlton
The Ritz-Carlton is committed to treating its guests as HRHers of the hotel, drawing on the best institutional cultures in the area of residence, and the staff are referred to as "ladies and gentlemen". The hotel employees carry a card with the hotel logo printed on it that states: “We, ladies and gentlemen, provide the service to women and gentlemen.”
They have trained the employees of the Ritz in very precise
standards and specifications to deal with customers. The founders
of the company, Caesar Ritz and Auguste Escover, set these
standards for more than a century, and Ritz employees are
continuing to be trained in the company's traditions and
values.
The managers reinforce the company’s values and review service
methods in 15-minute “show” sessions every day in every hotel
building. These values form the basis for employee training and
compensation. Nothing is left to chance when it comes to providing
exemplary customer service,
Prospective employees pass tests related to cultural suitability
and attributes associated with the innate love of service
provision. "The smile should look natural," says one of the
company’s managers. Although team members are expected to be highly
motivated and highly motivated, their behavior in dealing with
inmates is very detailed and written, which is the company's new
approach in contrast to what the company has been doing before: No
less for employees how to make inmates feel happy. Employees are
expected to discover this themselves now. Diana Orrick, Vice
President, says, “We have switched from this written guideline
approach and moved to results management.” But the result has not
changed. The goal is still for the inmate to express his admiration
for the service they receive. However, based on the new approach,
the interactions of team members with inmates are more natural,
calm, and honest, which is better than appearing as lines from a
booklet.
answer the questions:
1. What is the prevailing culture at the Ritz-Carlton? In your
opinion, why is this type of culture important to a luxury hotel?
With a discussion of the weaknesses of such a culture type?
2. What challenges do you think the Ritz-Carlton Hotel faced in
changing the organizational culture? With a discussion of what the
Ritz-Carlton should do to maintain the new organizational
culture?
3. What characteristics of a potential employee do you think will
be the happiest and most successful in this culture? In your
opinion, how can new employees "learn" this culture?
4. What can other organizations learn from the Ritz-Carlton about
the importance of organizational culture?
In: Operations Management
Evaluate your personal mentoring and coaching strategies and techniques. If you mentored another person or group of people in the future, which strategies and techniques would you continue using? Which strategies/techniques would you start using? Which strategies/techniques would you stop using? Do you think your short-term and long-term goals were achievable?
In: Operations Management
Building rapport as a leader allows for the leader to develop a
deep sense of respect, trust and honesty with their team. These
shared understandings ultimately lead to a mutual understanding and
allow team members to feel heard and seen. Rapport is in an
important factor in developing overall trust within teams. By
considering all points of view and listening to understand, leaders
increase their effectiveness (Manning 2014, 41). Leaders who focus
on gaining their teams trusts, will also be trusted in return. This
leads to an ever-growing sense of rapport and positive
communication within the team.
Contrastingly, authoritative figures do not value rapport nor
trust. There is no rapport because authority figures do not place
value on the input of their teams (although they may want/need it)
but it is only by force that input is given. Authority figures tend
to dictate what happens and when it will happen through demands.
Trust and rapport are generally non-existent because there is no
team, only authority and subordinate. One-way communication from
leader to subordinate does not create an atmosphere of bottom-up
communication and ultimately leads to poor rapport.
Provide your feedback and raise question if needed regarding the above post?
In: Operations Management
According to local Turkish bookstore:
general info about the bookstore:
Remzi Bookstore was founded in 1927 by Remzi Bengi (1907-1978). The bookstore first started operating with a bookstore in Istanbul Beyazıt. As of publishing house, his first book is Ömer Seyfettin's “High Heels”. At the end of 1929, Ankara Caddesi was moved to the Babıali Branch at 93.
Then the important names of the literary world gathered around Remzi Bookstore and most of their first books or maturity works were published by Remzi Bookstore: Nâzım Hikmet, Hasan Âli Yücel, Yakup Kadri Karaosmanoğlu, Halide Edip Adıvar, Sabahattin Ali, Yaşar Kemal, Mustafa Nihat Özön, Hasan Ali Ediz , Falih Rıfkı Atay, Suut Kemal Yetkin, Orhan Kemal, Fakir Baykurt, Tarık Buğra, Kemal Tahir, Şevket Süreyya Aydemir, Halikarnas Balıkçısı, Necati Cumalı, Orhan Hançerlioğlu, Muzaffer İzgü, İlhan Selçuk, Tarık Dursun K., Adalet Ağaoğlu, Peride Celal , Emre Kongar, Cemal Yıldırım, Murathan Mungan, Erhan Bener, Enis Batur, Buket Uzuner, Şakir Eczacıbaşı, Jak Deleon, Atilâ Dorsay, Mario Levi, Feyza Hepçilingirler, Ayşe Kulin, Zülfü Livaneli, Hıfzı Topuz, Onur Öymen, Refik Erduran, Adnan Turani, Acar Baltaş, Zuhal Baltaş, Haluk Yavuzer, Doğan Cüceloğlu, Mahfi Eğilmez and Leyla Navaro are among these authors. Remzi Kitabevi is the first publishing house to create a translation series from world writers after the transition to the Latin alphabet, except for the copyright works it published. In 1937, the “Translation Series from the World Writers” was started 3 years before the Classics of the Ministry of Education (White Coated). It has been published. Remzi Bookstore, which has published about 4000 books since its establishment, is now managed by Remzi Bengi's son-in-law, Erol Erduran, and his grandchildren Ömer Erduran and Ahmet Erduran.
Today, the publishing house starts from the literary works of the Turkish Authors and works on Artbooks, Essays, Memoirs, Philosophy and Intellectual works, Translation Bestseller, Business and Management Books, Culinary Books, Home-Family-Society, Personal Development and Psychology books, various children's books and cartoon books. There is a wide range of publications ranging from.
Remzi bookstore started new ventures in retail book sales in 1993 and after the Akmerkez branch in Istanbul at the beginning of 1994, Nişantaşı, Suadiye, Kanyon, Zorlu Center; Armada in Ankara; Konak and Agora branches were opened in İzmir. There are also cafes in Akmerkez, Suadiye, Kanyon and Zorlu branches. Apart from various Turkish publications, many kinds of foreign publications, especially English, are exhibited in these sales points.
Remzi bookstore has been the pioneer of cultural publishing for 93 years, at the same time, it offers foreign products to the reader as well as Turkish books with its widespread bookstore network.
1.what are the strategically relevant components of the macro-environment?
-2. How strong are the industry's competitive forces?
-the competitive force of buyer bargaining power
-the competitive force of substitute products
-the competitive force of supplier bargaining power
-the competitive force of supplier bargaining power
-the competitive force of potential new entrants
-the competitive force of rivalry among competing sellers
-collective strengths of the five competitive forces and industry profitability
In: Operations Management
1. Compare the implementation of a compliance program with the risk management process.
a. Describe the procedures that should occur after a compliance program is implemented.
b. Dwight is the new Chief Risk Officer (CRO) and head of internal audit for a large, multi-national organization. When he reviews the organization’s compliance program, he finds that the procedure in the employee handbook directs employees to report questionable practices to their direct supervisor. Explain whether Dwight should change this reporting practice
In: Operations Management
2. , briefly, the 5 Steps that Manager Take, and offer some details on the 3rd step in the process, Motivate and Communicate.
In: Operations Management
Clifford Taylor, real estate entrepreneur in Indianapolis, owned a number of empty lots suitable for development within the city. He hired Drew Miller a real estate agent to sell one his lot for $750,000 within the next 30 days. Miller was to receive a 5% commission if he completed the sale.
The day following his appointment, Miller visited the office of Thomas Kinkaid. Kinkaid, a real estate developer, was willing to pay as much as $850,000 for the vacant lot, but promised to pay Miller a bonus of $25,000 if he could arrange for the sale of the lot for $750,000. Miller agreed.
The vacant lot was sold for $750,000. Taylor, however, refused to pay Miller the 5% commission and Kinkaid refused to pay the $25,000 bonus. Miller is now suing both Taylor and Kinkaid. What would be the result of this lawsuit? Please discuss.
Question 3
Joseph Sinclair was a lower level administrator of the Wheeling Pennsylvania Power Co. He received a temporary assignment to the Unpaid customer department. His new assignment called for him to turn off power to customers who had not paid their power bill for four months.
One of the customers on his delinquent customer list was the American Salmon Farm Fishery. The Salmon Farm Fishery informed Sinclair that it was not delinquent in paying their power bill, but Sinclair turned off the power. This was done at a critical period in the incubation of new salmon, and the entire batch was destroyed. Salmon Farm Fishery sued Sinclair for $54,000, won the judgment, and Sinclair paid. Sinclair is now suing the Power company. What result? Please discuss.
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In deciding a case or appeal, identify and explain the actions which the court may take.
In: Operations Management