In: Operations Management
How would you characterize the potential default of Argentina on the rest of the world?
In: Operations Management
Communication at workplace:
Analyze different communication types (formal/informal/verbal, nonverbal) and channels (e-mail vs meeting) used at workplaces to maintain their operations. Explain which communication types and channels are more frequents and popular with different roles (manager/subordinate/peers/supervisors) and which are more effective? Program should be designed for new employees on how they should communicate with their supervisors/peer/sub-ordinates.
In: Operations Management
What is Apple's global strategy, was it different when they entered the China market? Explain.
In: Operations Management
Make a report about:
The effects of COVID-19 pandemic on Globalization ?
In: Operations Management
Explain how you would go about establishing a clear plan of communication with suppliers at the beginning of a new relationship.
In: Operations Management
Energy markets are flashing a warning: The world is swimming in crude oil, and the glut won't drain away any time soon.
Twin shocks -- the coronavirus pandemic and the breakdown of Russia's partnership with the Organization of the Petroleum Exporting Countries -- threaten to flood the market with cheap oil at a time when demand is falling.
That has caused the relationship between oil prices at different dates, a closely watched barometer of the balance between supply and demand, to indicate a severe surplus of oil is imminent. On Thursday it cost around $31 to buy a barrel of Brent crude for next month, $8 less than it cost to buy a barrel for April 2021.
This gauge was last as extreme in early 2015, when oil production was soaring in the U.S.
"This is a once-in-history demand shock being met by a once-in-a-generation supply shock going the other way," said Saad Rahim, chief economist at commodities trader Trafigura. "This virus is directly affecting travel and movement in a way we've not really seen before."
Global oil inventories will expand by nearly 1.4 billion barrels between March 2020 and August 2021, analysts at Standard Chartered estimate. This number of barrels contains enough oil to fill 88,000 Olympic swimming pools, which would stretch from New York to San Francisco if they were lined up in a row.
Oil prices took another hammering Thursday, after President Trump Wednesday announced a 30-day ban on some travel from Europe into the U.S. Brent-crude oil, the global benchmark, dropped 6.7% to $33.37 a barrel, while U.S. crude futures fell 6.1% to $30.98 a barrel. Both benchmarks have lost almost half their value in 2020.
"Markets are screaming for OPEC not to flood the markets," said Hakan Kaya, who manages commodity investments for Neuberger Bermann. "The signal is loud and clear to OPEC and U.S. producers: just don't bring the additional barrels of crude oil -- it's not needed."
The change in pricing of oil in futures markets represents a major shift into what traders call contango, in which traders can buy cheap oil today and lock in a higher price for selling at a later date. Buyers and sellers of oil use futures, a type of contract, to lock in prices, protecting them against swings that take place between signing a deal and exchanging the crude.
"The textbook reason for why you get this steep contango is that you have to incentivize people producing oil to store the oil now, as opposed to sending it out into the market," said Michael Haigh, head of commodities strategy at Société Générale.
The shifting structure of the oil market is likely to create new winners and losers.
Shipowners are one possible beneficiary. The cost of chartering vessels used to transport crude has surged, pushing the Baltic Dirty Tanker index up 38% this week.
"What we have started to see is owners pricing in the risk of freight rates moving up and the potential for floating storage too," said Claire Grierson, head of tanker research at shipping brokers Simpson Spence Young.
If the gap between near-term and long-term prices remains as wide as it was this week, companies with large physical trading operations such as Trafigura Group and Vitol Group could also make easy money.
The oil market has been struggling with excess supply since long before the outbreak of the coronavirus. OPEC cut its forecast for demand growth in a monthly report this week, the seventh time it has done so in the space of 10 months.
"Even in December, we knew that this year's supply was going to overrun demand," said Marwan Younes, chief investment officer at Massar Capital Management, a New York-based hedge fund. "It's gone from bad, to very bad, to extraordinarily bad." he said.
Saudi Arabia and Russia have both said they would open their spigots when the agreement to cut production expires on April 1. Investors say the gap between oil prices at different dates could continue to widen when the consequences of those decisions become more apparent in the actual physical movement of oil around the world, according to Richard Fullarton, chief investment officer at Matilda Capital Management, a London-based hedge fund.
In: Operations Management
Discuss thoroughly the integration of OSCM strategy and at least 2 other management concepts from other coursework.
In: Operations Management
Explain how entrepreneurs profit from freemium revenue models. What are some pitfalls to avoid when structuring freemium models, and how can they be avoided?
In: Operations Management
What policies are still followed by Argentina that is leading to credit crisis?
In: Operations Management
After WikiLeaks released thousands of confidential U.S. government diplomatic and military documents on the Web, hackers conducted a denial-of-service attack on the WikiLeaks website. On the other hand, when major credit card companies stopped processing donation to WikiLeaks, other hackers attacked the credit card companies.
Do you think that it is justifiable for each of the above action? Please justify your answer with arguments based on two workable ethical theories. i.e. Kantianism, Utilitarianism (Act and Rule), Social Contract, and Virtue
In: Operations Management
Please follow directions for thumbs up!
Padgett-Beale's Chief Privacy Officer has invited you to "shadow" the company's internal investigators as they look into a privacy problem that was uncovered in the Resort Operations organization (see "Background Information" at the end of this message). Your recent experience working in that organization is viewed as a plus since you may have seen or heard something during your time in Resort Operations and Guest Relations.
The CPO has also asked you to assist with identifying a set of appropriate and relevant updates to the company's internal training program for staff members with access to guest information. The goal of these updates should be to strengthen the training provided to staff so that they understand (a) the importance of maintaining guest privacy and (b) the consequences that may be imposed upon staff who are found to have violated company rules and policies regarding guest privacy. Next, identify 3 to 5 specific recommendations for appropriate and relevant updates to the Guest Relations staff training program. Remember to focus your research and recommendations upon the hospitality industry (specifically hotels).
In: Operations Management
How do you think these relate to food trucks and why? As a customer, what dimensions of design and quality would you use to assess the quality of a food truck? Involving: Product life cycle, differentiation, house of quality, value analysis, documents for production, TQM, leaders in quality, and benchmarking are justfew of the concepts you should be familiar with.
In: Operations Management
Question 1: Analytical Thinking Question ______/8 marks
Read the following narrative and construct a USE CASE DIAGRAM to model the City healthcare management system
In the City Healthcare Management System, to book an appointment, the patient can either call the receptionist at the Clinic or log in the website. The patient submits file number, telephone number, select the time, and select the doctor. The clinic receptionist prepares the patient file, and send it to the checkup room. Upon arrival to the clinic, the patient checks in, and proceed to the waiting area. The Nurse call the patient, checkup the patient, records the information, and sends the file to the doctor. The doctor investigates the patient, request tests, write prescription, or transfer to the hospital either inpatient or outpatient. In case of inpatient transfer, the receptionist book admission after the patient has a bed allotted in a ward. The patient pays the admission fees, the receptionist enters the payment in the database, and print payment invoice.
In: Operations Management
Before attacking this week's discussion forum, you will want to read, make notes from, and thoroughly understand several key concepts:
IMPORTANT: Once you have a good handle on each of these concepts and how they affect a business, pick any 4 concepts that you want to evaluate where you work. If you are not familiar with planning, supply chain management, inventory management, and order models within your business, find someone who is and gather information as to how your organization manages planning and inventories. If you are in a service related business, you will want to evaluate how the concepts you have selected relate to your business? If you are in the military and not familiar with these concepts, you may have to interview someone who is involved with logistics or planning.
In: Operations Management