what is forecasting inventory level? give an example?
In: Operations Management
Imagine that you are a manager at a consumer products company. Your company is in negotiations for a merger. If and when the two companies merge, it seems probable that some jobs will be lost, but you have no idea how many or who will be gone. You have five subordinates. One is in the process of buying a house while undertaking a large debt. The second just received a relatively lucrative job offer and asked for your opinion as his mentor. You feel that knowing about the possibility of this merger is important to them in making these life choices. At the same time, you fear that once you let them know, everyone in the company will find out and the negotiations are not complete yet. You may end up losing some of your best employees, and the merger may not even happen. What do you do? Do you have an ethical obligation to share this piece of news with your employees? How would you handle a situation such as this?
300 words
In: Operations Management
You are building a bus stop shelter and have been working on it for 20 days. Your boss has asked for a status report for the project after 20 days.
a) Fill in the missing values in the following Status Report.
b) For the entire project, what is the current
a. Cost Performance Index, CPI = ________,
b. Schedule Performance Index, SPI = _________,
c. Cost Variance, CV = _________,
d. Schedule Variance, SV = __________.
c) Suppose that the work from this date forward will progress at planned rates whether or not these rates have prevailed to date. What is the forecasted cost at completion (FAC) for the entire project?
item | total budget($) | planned progress | BCWS($) | ACWP($) | ACTUAL PROGRESS | BCWP($) | CV | SV | FAC($) |
excavation | 9600 | 100% | 9000 | 100% | |||||
cast slab | 1800 | 100% | 2000 | 100% | |||||
curb | 1500 | 100% | 1500 | 100% | |||||
walls | 2700 | 80% | 2500 | 100% | |||||
paving | 1200 | 40% | 300 | 20% | |||||
roof trusses | 1000 | 40% | 500 | 60% | |||||
roofing | 600 | 10% | 0 | 0% | |||||
lights | 500 | 20% | 250 | 40% | |||||
seating | 500 | 0% | 0 | 0% | |||||
paint | 1000 | 0% | 0 | 0% |
In: Operations Management
You have just been appointed the new marketing manager for Bon Voyage, a large travel group. Bon Voyage offers a range of holiday packages aimed at several parts of the market including package tour operations, a nationwide chain of travel shops and a fleet of aircraft.
One of the fastest growing segments of the travel market in recent years has been the cruise market. Once the domain of the privileged few, cruises are now available to a much wider target market as costs have come down and incomes have risen. Until now, Bon Voyage has not been a player in the cruise marketplace. It now realizes it may have been mistaken in this respect and wishes to enter the market as soon as possible. The company has negotiated the provision of two cruise ships which will, next season, sail round the Mediterranean and the Caribbean respectively. The ships have just been refurbished and offer the most up-to-date facilities.
Other companies in this market have been predominantly targeting middle-income groups. However, there remains a part of the market which is aimed primarily at the luxury end, with high prices and prestigious ships.
How to segment this market?
Which target segment might be best appropriate and why? Discuss.
How its product offerings in this area might be positioned so as to differentiate if from existing competitors.
In: Operations Management
What are the theories that are related to the link between organisational performance and hrm
In: Operations Management
In a short essay (200-250 words), define the term ‘team leadership’. Using examples from any published news sources, describe the set of skills and abilities a manager requires to be an effective team leader.
In: Operations Management
Since 1987, Starbucks had transformed itself from a modest 9-store
operation in the Pacific Northwest into a powerhouse multinational
enterprise with 10,241 store locations, including some 2,900+
stores in 30 foreign countries. During Starbucks early years when
coffee was a 50-cent morning habit at local diners and fast food
establishments, skeptics had ridiculed the notion of $3 coffee as a
yuppie fad. But the popularity of Starbucks’ Italian-style coffees,
espresso beverages, teas, pastries and confections had made
Starbucks one of the great retailing stories of recent history and
the world’s biggest specialty coffee chain. In 2003, Starbucks made
the Fortune 500, prompting CEO Howard Schultz to remark, “It would
be arrogant to sit here and say that 10 years ago we thought we
would be on the Fortune 500. But we dreamed from day one and we
dreamed big.”
Starbucks reported revenues in fiscal 2005 of $ 6.4 billion, up
205% from $2.1 billion in fiscal 2000; after-tax profits in 2005
were $494.5 million, an increase of 423% from fiscal 2000 net
earnings of $94.6 million.
Having positioned Starbucks as the dominant retailer, roaster, and
brand of specialty coffees and coffee drinks in North America and
spawned the creation of the specialty coffee industry, management’s
long-term objective was now to establish Starbucks as the most
recognized and respected brand in the world. In 2005, new stores
were being opened at the rate of roughly 32 per week and management
expected to have 15,000 Starbucks stores open worldwide going into
2006. Believing that the scope of Starbucks long-term opportunity
had been underestimated, Schultz had recently increased the
targeted number of stores from 25,000 to 30,000 worldwide by 2013,
at least half of which were to be outside the United States. He
noted that Starbucks only had an overall 7% share of the coffee
drinking market in the United States and perhaps a 1% share
internationally. According to Schultz, “85that still leaves lots of
room for growth. Internationally, we are still in our infancy.”
Although coffee consumption worldwide was standing, coffee was
still the second most consumed beverage in the world, trailing only
water.
In fiscal 2006, Starbucks planned to open 1,800 net new stores
globally. Top management believed that it could grow revenues by
about 20 percent annually and net earnings by 20-25 percent
annually for the next 3 to 5 years. Howard Schultz and CEO Jim
Donald viewed China as a huge market opportunity, along with
Brazil, India, and Russia. To sustain the company’s growth and make
Starbucks one of the world’s preeminent global brands, Howard
Schultz believed that the company had to challenge the status quo,
be innovative, take risks, and adapt its vision of who it was, what
it did, and where it was headed. If the challenge of executing the
company’s strategy was met successfully, in all likelihood the
company’s best years lay on the strategic road ahead.
Require:
1) Referring back to the case, put forward some
suggestions for Starbucks given the Covid 19 issues at the moment
and what steps they can take Use the details from the following key
words Types of planning Leadership - Strategies Organizational
Structure
2) What would you suggest to Starbucks to do after the Covid 19 is
resolved and things go back to normal?
3) What is your evaluation of Starbucks social responsibility
strategy? Is it sincere or just something the company does and
talks about to create a good public image? Link it to: Challenges
for management in a global environment- recent changes in
management practices
4) Identify the SWOT of Starbucks. You can also add from your
experience and your knowledge of Starbucks. You can reflect from
Oman's retail store.
In: Operations Management
IT IS A RESEARCH
I Need a Unique Answers please
.
Write a report on the below points
1. HR Strategies in Air Arabia Airline UAE (200 words)
2. Ethical Standard in Air Arabia Airline UAE (150 words)
3. HR Strategies impact on organizational performance (Air Arabia) UAE (200 words)
4. HR strategies promoting good practices at workplace (200 words)
.
Note: Plagiarism is strictly prohibited please do not copy from internet
this s a research report not a case
In: Operations Management
Using examples from published news sources to illustrate your answer, discuss the organisational design challenges in keeping employees connected in virtual organisation settings. 200 words minimum 250 max
In: Operations Management
Identify leadership topics Prior to the meeting, you will also
be required to identify potential topics for the leadership
conference by reviewing and analysing information from the report
Global Human Capital Trends 2017 at:
https://www2.deloitte.com/au/en/pages/human-capital/articles/global-human-capital-trends2017.html
Based on your interpretation of the information in the report,
identify at least two ideas for leadership topics. You should make
notes (handwritten or typed) to speak from at the meeting for two
proposed conference topics and that include: Proposed conference
topic title Summary of the content to be discussed.
When speaking about your ideas at the meeting, as a guide you will
speak for 1 to 2 minutes on each topic. Use the following example
to guide you in developing your ideas and making notes (this
example has not been taken from the above report, it is an example
only to help you write down your ideas).
Mindful Leadership: Becoming a Mindful Leader by the Application of
Acceptance and Commitment Therapy (ACT) Principles. ACT is an
evidence-based approach that has been applied to clinical and
organisational settings. When used as a leadership model, the
application of ACT principles can assist managers in increasing
work performance and innovation while reducing work stress and work
errors. The presentation will introduce basic ACT principles and
provide an introduction to the qualities of being and acting as a
mindful leader and person. Such qualities include empathy and
selfcompassion. This will be a practical session with the focus on
teaching and applying mindfulness techniques at work.
During the meeting, you need to be able to demonstrate that you can
identify and interpret information from complex texts. That is,
that you can identify two topics based on the information in the
report, and then summarise the information in your notes for
discussion at the meeting. The example above provides an indication
of the level of response required.
In: Operations Management
Grow Management Consultants has recently implemented a work-life
balance policy. The policy includes a new initiative to hold a
quarterly social event for all staff.
As the Operations Manager (you) for Grow Management Consultants,
you have decided to have an informal meeting with your staff to
seek their ideas on social activities and to discuss timing (e.g.
which days of the week work best, what time). Note that the policy
states that a maximum budget of $500 per activity may be allocated
and that activities may be held on Friday afternoons or after 5 pm
on any other day of the week.
You should follow the Grow Management Consultants Meetings Policy
and Procedures for informal meetings.
PLEASE ANSWERED THREE PARTS A,B,C
PART A- Report on meeting outcomes Assume that you have agreed on all of the social activities discussed at the meeting, as well as the time that the activities will be conducted. Draft an email to be sent to the staff (your assessor) that briefly details the meeting outcomes and lists the social activities agreed on, as well as the agreed times.
PART B - Send a draft email to your assessor. Send the draft email to your assessor. Finish the text with a note that you will be correcting the email, and sending the corrected version shortly. This email should have the word “Draft” in its title
Send a final email to your assessor. Re-open the email you sent
in the last activity, and carefully check it for spelling and
grammar and ensure that it is a true and accurate record of the
meeting. Part of this assessment task requires you to demonstrate
to your assessor that you are able to correct your own work
accurately, so this email needs to contain text that is an
improvement on the previous one.
PART C- When finished, send this final email to
your assessor. This email should have the words “Final” in its
title. It should be sent within the timeframes set out in the
Meeting Policy and Procedures
In: Operations Management
All successful collaborations aim to achieve collaborative advantage. This, however, is not easily realised. Based on the course material, and using examples from your professional or personal life:
Outline when these goals might lead to collaborative inertia and identify which might lead to harmful outcomes. 600 words
In: Operations Management
In: Operations Management
Using examples from published news sources to illustrate your answer, describe the characteristics of well-designed goals. 200 words min. 250 max
In: Operations Management