Ch. 10: Which of the stages of the traditional family life cycle are the most lucrative for these businesses: a) group chat live rooms like talkee.com, b) Club Med vacation, c) Disney World resort, d) Winnebago motor homes. Copy their ads, determine their target demographics, and explain your answers. •Traditional Family Life Cycle –Stage I: Bachelors –Stage II: Honeymooners –Stage III: Parents –Stage IV: Post-parenthood –Stage V: Dissolution
In: Operations Management
The overall strategy of a company directly impacts its HR practices. Discuss, and give specific examples of, various HR practices that should be used related to the following three business strategies: growth strategy, stability strategy, and reduction strategy.
In: Operations Management
MARKETING
Integrating All Four Ps
Search the Internet for an article that supports your position and post the link in your discussion, using APA or SWS formatting,
In: Operations Management
Answer the following question through the prism of before the current economic downturn related to the coronavirus:
You are the HR director for a restaurant group that owns 20 restaurants and employs around 1,000 people. All of the restaurants are located in New Orleans, LA. Due to economic conditions, change in tastes of its customers, and rising food costs, the company will have to close five of its restaurants, resulting in significant layoffs. How would you go about "rightsizing" this organization? What are the ethical and legal issues to consider?
In: Operations Management
Please Use your keyboard (Don't use handwriting)
MGT 311
I need new and unique answers, please. (Use your own words, don't copy and paste)
Please re-write my answer by using another words.. I need new and unique answers, please. (Use your own words, don't copy and paste)
________
Please re-write my answer by using another words.. I need new and unique answers, please. (Use your own words, don't copy and paste)
1.
A paper manufacturing organization:
The operations process here will have the entire supply chain comprising of sourcing to inventory management to production to finished goods storage to dispatch. The production process will be a major operations area that will involve issue of raw material from stock to the flow of this material through different processes at plant. There would be WIP/inventory at the end of each process step. Finally the end product will be packed as per specifications post inspection and stored for dispatch to customers.
There will be several decisions required to be taken here like what kind of raw material inventory to keep and the reorder points for the same, what capacity planning to be done depending on the demand, the processes/machines to be run as per the timelines and monthly targets defined, the internal mapping of manpower to processes, the output to be dispatched at the right time to the customers will all quality specifications met
An internal design office: An internal design office will be service organization working for clients to provide designs be it for architectural purposes or for home furnishing industry, etc. Here the operation process will be more streamlined and simpler where based on customer requirements, there will be team assigned to work on software to come up with the required design. One change here that we will see compared to a paper manufacturing organization is that even when the design is made, it can undergo iterations basis feedback received from customers.
The operations decisions will largely be on the expected timelines for creating a design, the manpower required to finish the project, the requirement for additional tools/software to aid in completion of work, etc.
2.
Marketing: Marketing may see this as an internal shift of thought process and their outgoing communication to stakeholders need to be aligned accordingly
Finance will see this as a change in the operating model and the MIS and operating performance need to be tracked likewise so that the accountability for the profitability of different work centers is not compromised
Human resources may feel concerned about the existing manpower and the skills they possess whether adequate to make this move
Accounting will need to look at the costs in a different manner compared to what was being done in a batch process and align with Finance
Information systems will need an overhaul as there would be a major ERP change due to this
3.
A soap factory is a manufacturing unit which has raw materials procured from different vendors, the raw materials are stored in a central location, issued in batches for production based on demand outlook and manufactured at different steps. The end product is then packed in the packing dept. and post inspection stored in batched ready to be dispatched to distributors/sellers
In: Operations Management
develop intial interview questions. staffing services believes that a half hour interview will be appropriatw, with about 3 minutes per interview questions. they would like 5 behavioral interview questions and 5 situational interview questions. each interview querstion should have a very specific ksao target as shown in the example
In: Operations Management
Think of about 5 colleagues from work who are approximately the same age, race, gender as you. List 5 categories in which you are diverse. (The point of the question is for you to think of diversity in a broader more inclusive way.)
In: Operations Management
Obtaining reimbursement for services provided involves not only the clinical team but staff in the business office. These staff include billers and coders, who each have a specific role when it comes to receiving payment for services rendered. Medical billing clerks interpret medical codes and submit bills to insurance companies, patients, and other agencies for medical services. A medical coding specialist is part of the medical records billing department of a healthcare organization, such as a hospital or a clinic. The coding specialist classifies diagnoses and procedures to facilitate billing and reimbursement from Medicare or health insurance companies. It is very important that each one does their job correctly. The medical coding specialist will be the focus of this discussion question.
You have just been hired as the coding supervisor for Big Wheel General Hospital. You were warned before taking the job that there were some issues with the department. However, you decided you were up to the challenge. Your first task, and probably most important, is to review the noted areas of deficiencies and provide a memorandum to the HIMS Director, Betty Kline, on which are the top two issues to focus on first and strategies to correct the issues.
These are the issues you have identified:
Not coding at the highest level.
Bad documentation/Missing documentation.
Not having access to the provider.
Failing to use current/updated code sets.
Under and overcoding.
Unbundling.
In: Operations Management
Five Forces Analysis question about IMAX: Please discuss- What are the bargaining power of IMAX's suppliers and buyers?
In: Operations Management
Put together a data collection plan for errors generated in a hospital. This may be a group activity. You may choose either medical or administrative errors or both based on your experience.
In: Operations Management
PLY is a large consulting company that specializes in systems analysis and design. The company has over 2,000 employees and first-quarter revenues reached $15 million. The company prides itself on maintaining an 85 percent success rate for all project implementations. The primary reason attributed to the unusually high project success rate is the company’s ability to define accurate, complete, and high-quality business requirements.
You are interested in implementing a new payroll system. The current payroll process is manual and takes three employees two days each month to complete. You have chosen to outsource the entire procurement, customization, and installation of the new payroll system to PLY. The first thing you need to do is define the initial business requirements so PLY can begin work.
PROJECT FOCUS:
In: Operations Management
The R&D department is planning to bid on a large project for the development of a new communication system for commercial planes. The accompanying table shows the activities, times, and sequences required:
ACTIVITY IMMEDIATE PREDECESSOR TIME (WEEKS)
|
A — 5 |
|
B A 4 |
|
C A 6 |
|
D A 6 |
|
E B 1 |
|
F C D 5 |
|
G D F 6 |
|
H D 2 |
|
I E G H 4 |
b. What is the critical path? More than one answer can be selected.
A-C-F-G-I
A-B-E-I
A-D-H-I
A-D-F-G-I
c. Suppose you want to shorten the completion time as much as possible, and you have the option of shortening any or all of B, C, D and G each one week. Which would you shorten? More than one answer can be selected.
B
C
D
G
E
F
d-1. What is the new critical path? More than one answer can be selected.
A-C-F-G-I
A-B-E-I
A-D-H-I
A-D-F-G-I
d-2. What is the earliest completion time for the new critical path?
Completion time ________ weeks
In: Operations Management
Complete the following information about the organization and products and/or services you will focus on as you develop a complete marketing plan throughout the course. You may need to do research to get answers to the questions below. Be sure the organization and offer you select will 1) remain interesting to you for the duration of the course, and 2) have sufficient information available for you to conduct research and make informed recommendations in your marketing plan.
Company Profile
Market Segmentation and Targeting
Situation and Company Analysis
Economic Environment
Discuss factors that affect your consumers’ purchasing power and spending patterns. What is the economic environment that you are operating in? Is it growth, recovery or recession? Will it be easy to find staff? What is the current interest rate i.e. is it increasing or decreasing? What is consumer confidence like?
Technical Environment
The technological environment changes rapidly. You need to make sure that you are aware of trends in your industry and other industries could affect your business. New technologies create new markets and can influence you, consumers and competitors. Industry environment What are the trends in your industry? Are there new entrants in the market? Has a substitute product been introduced? Are there changes in industry practices or new benchmarks to use?
Competitive Environment
How many competitors do you have? Who are the key competitors? What are the key selling points or competitive advantages of each one? What is your advantage over competitors? Is the market large enough to support you and competitors?
Political Environment
Consider the political environment for the areas that your business will trade and operate in. Is there a stable political system? Are there any licenses and regulations that you should be aware of? Do you need to win support to be able to operate?
SWOT Analysis
Instruction: Complete the table below with descriptive responses and explanation as you answer the questions below.
| Strengths | Weaknesses |
|
|
| Opportunities | Threats |
|
|
Mission, Objectives, and Goals
State the mission or business purpose: what the organization wants to achieve, in market-oriented terms. (Example: Disney’s mission could be, “We create happiness by providing the finest in entertainment for people of all ages.)
List 1–3 objectives that move the organization a step closer to achieving the mission. (Example: A Disney objective could be, “To be the most popular theme park for international visitors.”)
Convert objectives into specific marketing goals that are easy to measure and evaluate. (Example: Our goal is to increase the market share of international theme park visitors by 10% in the next two years.”)
In: Operations Management
In: Operations Management
Sherry Shellenbocker, the CFO of a Canadian multinational, was arguing for the establishment of a shared services center. The center would be owned an operated by an external provider. She recommended starting with back-office payment processing for all of the corporations six divisions. Payment processing was a hassle, and Sherry was glad to hand this over to a capable service provider if she can find one. What advice would you give to Sherry?
Shared services is most typically a company-owned service unit that allows for greater efficiencies without giving up control. Sherry should get more clarity on what she is trying to accomplish before moving forward with this initiative.
She is on a good path. By outsourcing shared services, Sherry will be able to focus on higher value-added activities.
Payment processing should never be outsourced.
Sherry should first determine if the shared services center satisfied the "Rules of Nine" criteria for supplier partnerships.
In: Operations Management