1.Describe the type of political risk a firm in a specific industry would face in any one of today’s emerging markets you are familiar with or have some knowledge of. Select a country and make an assumption that may help in you answering this question, based on the firm’s size or products, among others. (5 sentences max)
2.Identify and describe briefly two host-country sources of political risk a firm would face as it expands abroad.(5 sentences max)
In: Operations Management
Please study the article below and choose one specific corporation & business at your choice from the most unstable industries in the U.S. right now, in April 2020 due to corona virus impact and discuss in a word document the following topics (please do a brief research using external internet resources, website of the corporation, annual or quarterly company reports or your required book and OSM 311 power points):
-Company products & services
-The impact on sales or revenue or profit for this corporation of the corona virus effect on customers, supply chain, operation & employees, distribution, shelter in place government & state decision.
-What should you decide on inventory management (Anticipation inventory or Seasonal Inventory and safety inventory) as an operation manager for this company
-How can you reduce the inventory cost (slide 14) and Total cost minimization (slide 22-25).
-Losses & how to maximize the gross profit (review the break-even point)?
-Operations Strategies that your recommend for this business & corporation in this difficult situation of the economy (required book, page 581).
Airlines
With people around the world being asked to stay home and travel bans preventing people from entering and leaving certain countries becoming more common, the airline industry has been suffering major losses. Vertical Research Partners said that passenger revenues could decline to zero by the end of the first quarter and stay there for the whole year, Reuters reported.
Many major airlines have taken a hit. For example, Lufthansa has idled 700 of its 763 aircraft, and Qantas made plans to cut all international flights, which means 30,000 of its workers would need to take paid or unpaid leave.
The airline industry has been asking for government aid to get through the crisis, and on March 27, the U.S.’s coronavirus aid package passed, which would provide $58 billion to the American airline industry, Business Insider reported. The bill protects airline employee jobs through Sept. 30.
Many stakeholders see this as a win, including Delta Airlines and the Association of Flight Attendants.
“This is an unprecedented win for frontline aviation workers and a template all workers can build from,” Association of Flight Attendants president Sara Nelson said in a statement obtained by Business Insider. “The payroll grants we won in this bill will save hundreds of thousands of jobs and will keep working people connected to healthcare many will need during this pandemic.”
However, other experts think the bailout won’t be enough to save the industry, which relies on passengers to make revenue.
“We have an airline industry right now that is flying empty planes,” airline consultant Mike Boyd told CNN. “This isn’t going to save the industry unless we get back in [the] business of flying people.” And it’s unknown when that time might come.
“We’re talking about at least six to eight months down the road before flying starts to resume at anything approaching normal,” Boyd said. “And even then, we’re likely to see a significant reduction. One way or another, we’re going to have a smaller airline industry.”
Auto Manufacturing
Ford, General Motors, Fiat Chrysler, Honda, Toyota, Nissan and Hyundai have all shut down manufacturing plants amid concerns about the spread of the coronavirus, ABC News reported. The closing of Ford, General Motors and Fiat Chrysler’s Detroit facilities will leave 150,000 workers without jobs, though they are likely to receive supplemental pay in addition to unemployment benefits.
However, the slowdown in demand for cars as a result of the coronavirus could have major ripple effects. According to one projection, for every seven-day period that consumers stop buying new vehicles, the U.S. economy would lose roughly 94,400 jobs and $7.3 billion in overall earnings, NBC News reported.
Construction
Although the construction industry is pushing to be seen as “essential” to keep their projects running, there could still be some major impacts to the industry. The shutdown of the production of construction materials in China could lead to material delays and more expensive materials stateside, Construction Dive reported. It could also lead to fewer projects, especially in the realm of hospitality, as clients and lenders pull back on funding and expansion in these times of uncertainty.
“My gut tells me we’re going to see higher prices and projects canceled, although I can’t point to the extent of it,” Joe Natarelli, national construction industry leader at accounting services firm Marcum, told Construction Dive.
Cruises
All the major cruise lines have ceased operations as countries continue to close their ports. Thousands of workers have lost their jobs — both those who work on the cruise ships and those who work at the ports — and the values of the three biggest U.S. cruise lines — Carnival, Royal Caribbean and Norwegian — have all plummeted, The Guardian reported.
“This will be a disastrous time for the industry,” Dr. Christopher Muller, a senior professor at Boston University’s School of Hospitality Administration, told The Guardian. “When you have 3,500 people booked on one of these mega cruises and the boat doesn’t go, it’s an enormous expense. Someone’s paying for that boat that’s sitting idle in the harbor and it’s very hard to recapture those ongoing fixed-cost losses.”
However, he believes the industry will be able to bounce back eventually.
“The logical thing is they will have to have very deep discounts, and those deep discounts will be especially present in the next cycle of cruise seasonality in September,” Muller said. “By August and September, the consuming public will be enticed to go back on cruises because the pricing is going to be outrageously good with enormous discounts.”
Film and TV Production
Major networks and film studios have put a halt on production as a result of the coronavirus outbreak. Netflix has stopped production on all shows in the U.S. and Canada, including “Stranger Things” season four; NBC Universal has suspended production on 35 or more shows; and Warner Bros., Disney +, Apple TV +, CBS, AMC and Viacom have all also paused production on their shows, Forbes reported.
The release dates of several major films have also been pushed, including “Wonder Woman 1984,” “In the Heights,” “Black Widow” and “A Quiet Place Part II,” while others have been released straight to streaming.
Over 100,000 entertainment industry workers have lost their jobs, while studios, networks and producers face major losses, the Los Angeles Times reported.
“There may be irrecoverable losses to the movie and entertainment industry,” Brian Kingman, who helps film and television companies find insurance policies, told the Los Angeles Times. “It’s going to take a long time to sort out.”
Gambling
As a result of the coronavirus, 92% of all of the casinos in America are now closed, including those in Las Vegas, the Las Vegas Review-Journal reported. In addition, the legal sports betting industry is also suffering as live sporting events have been canceled or postponed, Business Insider reported.
These closures not only affect the hospitality and gaming employees who are now out of work, but also the U.S. economy as a whole. If casinos remain closed for two months, it would rob the U.S. economy of $43.5 billion in economic activity, the Las Vegas Review-Journal reported.
Gyms
Many gyms and fitness studios have temporarily closed as a result of the coronavirus. But the pandemic hasn’t been bad for all sectors of the fitness industry — it’s actually been good news for Peloton, which has seen an increase in share prices, CNBC reported. But as people invest more in their at-home gyms while traditional gyms and fitness studios are closed, they might be reluctant to go back once they are open, feeling that they need to justify the thousands they just spent on new equipment.
In: Operations Management
What are the differences between consumer and industrial goods, and what are the implications for international marketing?
Question 6
Why hasn’t the United States been more helpful in setting universal standards for industrial equipment? Do you feel that the argument is economically sound? Discuss.
Question 16
England has almost completed the process of shifting from the inch-pound system to the metric system. What effect do you think this will have on the traditional U.S. reluctance to make such a change? Discuss the economic implications of such a move.
Question 3
Discuss the ways Japanese manufacturers control the distribution from manufacturer to retailer.
Question 15
One of the first things companies discover about international patterns of channels of distribution is that in most countries, it is nearly impossible to gain adequate market coverage through a simple channel-of-distribution plan. Discuss.
In: Operations Management
Appraise and evaluate the integration of population, patient, process and profitability (net margin for NFPs) information in solving community health challenges and/or strategic planning for a health organization. Utilize the 4Ps of Health Analytics Adoption Model as if you are working for one of the organizations used in example 1 or 2 from the text and discuss your results.
In: Operations Management
3. The Covington Paper Inc. would like to determine the location of its new DC which will serve their six manufacturing facilities in Midwest. Information is provided below.
|
Plants |
x- coordinate |
y coordinates |
Production in terms of # of TLs /period |
|
A |
6 |
20 |
220 |
|
B |
48 |
12 |
330 |
|
C |
25 |
36 |
560 |
|
D |
12 |
5 |
330 |
|
E |
30 |
50 |
225 |
|
F |
18 |
20 |
115 |
In: Operations Management
• Salary is one form of compensation. Benefits and incentives are other forms of compensation. Benefits and incentives can range from flex time to paid time off, health insurance, bonuses, and commissions. Providing benefits can be very expensive for companies to provide.
• Identify the three most important benefits you look for in a company? Explain your answer.
• Compensation is often tied to evaluation. Select the best method to use for evaluating employee performance. Identify and describe this method?
In: Operations Management
What does the future hold for traditional mass-media advertising? If you were the senior executive of a major television network, magazine publisher, or newspaper company, what would you be doing now to ensure the livelihood of your company in the future?
In: Operations Management
You are the head of a small aid agency in Congolo. The mission of your agency is to provide health services for refugees who have fled the various civil wars in the region. In recent years you have worked with a number of non-governmental organizations, such as C.A.R.E, Doctors Between Borders and the Universal Children’s Health Fund. Your agency focuses on giving intensive health to small communities. You are now working in a camp of fifty people.
Because of a particular parasite in the water that destroys the cornea of the eye, ten people in the camp have gone blind; half of them are children. Except for their ability to see, their health is reasonably good, given the conditions of the camp.
You contact Doctors Between Borders and they tell you that they will have two ophthalmologists in the area next week, but that the only thing they can do for the people that have gone blind is to give them cornea transplants. They could do the operations, but they said it was impossible to get corneas for transplant in Africa.
A few days later, the area director of Doctors BetweenBorders calls and tells you that a Tsjakestanese aid agency has twenty corneas and would be willing to exchange them for a truck and ten cases of medical supplies. This strikes you as odd and so you ask: “Where did they get the corneas?”. She thentells you that the corneas were donated to the Tsjakestanese aid agency by wealthy Tokolese business man. He bought them from a middle man who buys body parts for transplants from prisons. The prisons carefully execute the prisoners and then take out the livers and corneas for resale. Evidently, corrupt prison wardens make huge profits from this practice and his makes them very liberal with executions, especially of political prisoners.
You tell the director that the origin of these Tsjakestanesecorneas makes you uncomfortable. The director says: “We have no problem with using them. If you don’t want them, I’ll give them to someone else. There are too many people in need here.” She says.ou have only one day to decide. Tomorrow I have to radio the plane in the capital and tell it where to go next.”
Questions:
2. Analyze your ethical dilemma from the perspective of each of the following decision-making approaches:
3. What would you do? Explain and justify your answer based on your analysis in Question 2
In: Operations Management
Glo-Bus
Are there any driving forces in the two market segments/product categories where your company competes? What impact will these driving forces have? What external market opportunities for growth and increased profitability in wearable video cameras exist for your company? What external market opportunities for growth and increased profitability in UAV drones exist for your company? What external threats to your company's future well-being and profitability do you and your co-managers see? (Market overview and relevant factor/PESTEL analysis).
please write about wearable camera industry and UAV drone industry
In: Operations Management
A job evaluation plan provides for five labor grades, of which grade 5 has the highest base rates and grade 1 the lowest. The linear plan involves a range of 50 to 250 points for skill, 15 to 75 points for effort, 20 to 100 points for responsibility, and 15 to 75 points for job conditions. Each of the four factors has five degrees. Each labor grade has three money rates: a ‘low,’ a ‘mean,’ and a ‘high’ rate.
a) If the high money rate of labor grade 1 is $8 per hour and the high money rate of labor grade 5 is $20 per hour, what would be the mean money rate of labor grade 3?
b) What degree of skill is required for a labor grade of 4 if second-degree effort, second-degree responsibility, and first-degree job conditions apply?
In: Operations Management
in international business,
Discuss political, economic, and legal criteria to assess the attractiveness of doing business in different country-specific locations.
In: Operations Management
What is meant by "cloud technology" or "cloud computing" and how can it be used to implement lean management principles in a supply chain?
In: Operations Management
The onboarding of employees is a key ingredient of successful organizations. What are some of the training efforts employed by best-practice organizations?
In: Operations Management
You have thought a lot about your future business. You have probably also examined other businesses, even your future competition.
How have they diversified?
Why is diversification important?
What are some of the ways that you could diversify your business to bring in more customers?
These questions are related to my business plan blog which I am making on the restaurant business. so, please answer all the questions according to that scenario.
In: Operations Management
Using the models in the Baloh, et al., article and your additional research, evaluate ways in which HR can manage the outsourcing of innovation. Describe the methods HR can use to manage the outsourcing of innovation as a foundation of understanding. How can HR play a significant role in ensuring that the organization maintains its competitive advantage when managing the outsourcing of innovation? Provide a brief rationale.
In: Operations Management