Questions
Discuss how substitutes and neutralizers challenge the effectiveness of leadership.

Discuss how substitutes and neutralizers challenge the effectiveness of leadership.

In: Operations Management

Sales and purchasing management /1000/2000 words describe the impact of the purchasing situation on Integrated Marketing...

Sales and purchasing management /1000/2000 words

describe the impact of the purchasing situation on Integrated Marketing Communication (IMC)

understand the purchasing (procurement) decisions and organization of a company.

Case

Princess Yachtswas established in 1965. Today Princess’ shipyards cover an area of over 1.1 million square feet, an area rich in British maritime heritage.  In fact, South Yard, where M Class superyachts are constructed, is a former naval yard dating back to the 17th century. From the outset, their goal has been to meticulously sculpt yachts around owners’ enjoyment of them.  Such dedication and attention to detail resonates deeply with their Plymouth craftsmen. Over 3,000 people, each possessing a mastery of their skill, fastidiously realise this vision in their shipyards. Through a culture of innovation, our yachts are not only some of the most technically-advanced in the world but also the most beautifully realised.

Questions

  1. Using the company above, explain why effective purchasing is important for their business?
  2. What is the concept of “adding value” to a business in terms of purchasing for the above company?
  3. What are “make-decisions” and “buy decisions” and how would decisions about these points be made for this company?
  4. What are the major benefits of sustainable purchasing/sourcing for the company?
  5. Explain how modern technologies are helping purchasing processes and purchasing decisions in the above example?

In: Operations Management

Suggest two (2) actions that HR should take in order to ensure an organization’s compliance with...

  • Suggest two (2) actions that HR should take in order to ensure an organization’s compliance with Sarbanes-Oxley. Explain the manner in which HR policies and practices are instrumental in implementing, and ensuring compliance, with legal mandates.
  • Examine the key individual and organizational factors that influence an ethical decision-making framework in resolving ethical dilemmas. Outline a guide that HR can use to implement principles and core values in ethical decision making in an organization. Provide a rationale for your response.

In: Operations Management

Develop a well-defined scope Management plan addressing all the components of the plan so that it...

Develop a well-defined scope Management plan addressing all the components of the plan so that it can be immediately used by the project manager. use a project which you are familiar with

In: Operations Management

briefly discuss the role of finance in healthcare services industry. has this role increased or decreased...

briefly discuss the role of finance in healthcare services industry. has this role increased or decreased in importance in recent years? what is the impact of the Affordable Care ( ACA) on the role of finance?
citation included

In: Operations Management

effects of cross culture communication on business

effects of cross culture communication on business

In: Operations Management

According to the Planning, Organizing, Leading and Controlling” in Principles of Management and Learn About Management...

According to the Planning, Organizing, Leading and Controlling” in Principles of Management and Learn About Management Concepts and its Four Functions.

What are the management functions that comprise the P-O-L-C framework?

Are there any criticisms of this framework?

What function does planning serve?

What function does organizing serve?

What function does leading serve?

What function does controlling serve?

In: Operations Management

Choose one existing incumbent that is being beaten by a challenger in business. In other words,...

Choose one existing incumbent that is being beaten by a challenger in business. In other words, identify and choose one incumbent that is struggling to survive in the market. Conduct a thorough analysis of the current conditions of this incumbent by referring to following relevant strategic analysis frameworks:

1. Porter’s Five Forces Model (refer to lecture 7) a. Degree of existing rivalry b. Threat of potential entrants c. Bargaining power of suppliers d. Bargaining powers of buyers e. Threat of substitutes

2. Stakeholders analysis (refer to lecture 7) a. Strategic stakeholder analysis b. Normative stakeholder analysis

3. Porter’s Value Chain Model (refer to lecture 7) a. Primary activities b. Support activities

4. PESTEL (Political, Economic, Social, Technological, Environmental, Legal),

5. SWOT (Strength, Weaknesses, Opportunities and Threats)

6. Technology cycle (refer to lecture 4) a. Era of ferment b. Era of incremental change

7. The Utterback and Abernathy Model or 3 Phases of innovation model (refer to lecture 4) a. Fluid Phase b. Transitional Phase c. Specific Phase

8. The McKinsey 7-S Model a. Hard elements (Strategy, Structure, System) b. Soft element (Shared Values, Skills, Style and Staff) .

Use at least 4 strategic analysis frameworks, identify and evaluate the current position of the incumbent and synthesize the findings. The first one (Porter’s Five Forces Model) is compulsory. In technology cycle and 3 phases of Innovation model, explain at which phase does the current position of the incumbent of our choice fall on. After assessing the incumbent’s current position, provide a detailed solution for this incumbent to re-emerge in the market. The solution has to be linked to innovation and new disruptive technologies. This will help to explain about the firm’s strategic intent. This solution should help to identify and explain the resources and capabilities required by the incumbent that helps to close the gap between its current position and its strategic intent. As part of the assessment, create a mind map to show the possible solutions.

hey there. can you write around 2000 words ( if possible plag free). that would be much appreciated.

In: Operations Management

Please read the "Something's Rotten In Hondo" case at the bottom Directional Communication (Downward, Upward &...

Please read the "Something's Rotten In Hondo" case at the bottom

Directional Communication (Downward, Upward & Horizontal) -Resendez

1. Using the HONDO case, you will assume the role of the character of George Mackee for the purpose of writing both of the letters.

2. Write a DOWNWARD letter to your employees regarding the actions, decisions, consequences of your decision and how it affects them personally. Make sure to convey your decision.

3. Be thorough in your letters. Include details; be vigilant with spelling, punctuation, grammar, etc. Use Times New Roman, 12 point font, and 1 inch margins.

This case was written by Geoffrey P. Lantos, Stonehill College. Permission to reprint granted by Arthur Anderson & Co. SC. p. 842

Something’s Rotten in Hondo

George Mackee thought of himself as bright, energetic and with lots of potential. “So why is this happening to me?” he thought. George, with his wife, Mary and his two children, had moved to Hondo, Texas, from El Paso four years earlier and was now the manager of the Ardnak Plastics plant in Hondo, a small plant that manufactured plastic parts for small equipment. The plant employed several hundred workers, which was a substantial portion of the population of Hondo. Ardnak Plastics Inc, had several other small plants the size of Hondo’s. George had a good relationship with Bill, his boss, in Austin, Texas.

THE EMISSIONS PROBLEM

One of the problems George’s plant had was that the smokestack emissions were consistently above EPA guidelines. Several months ago, George got a call from Bill stating that the EPA had contacted him about the problem and fines would be levied. George admitted the situation was a continual problem, but because headquarters would not invest in new smokestack scrubbers, he didn’t know what to do. Bill replied by saying that margins were at their limits and there was no money for new scrubbers. Besides, Bill commented, other plants were in worse shape than his and they were passing EPA standards.

A QUESTIONABLE SOLUTION

George ended the conversation by assuring Bill that he would look into the matter. He immediately started calling his contemporaries at other Ardnak plants. He found they were scheduling their heavy emissions work at night so that during the day, when the EPA took their sporadic readings, they were within standards. George contemplated this option, even though it would result in increasing air contamination levels.

THE DOUBLE BIND

A month went by, and George still had not found a solution. The phone rang; it was Bill. Bill expressed his displeasure with the new fines for the month and reminded George that there were very few jobs out in the industry. That’s when Bill dropped the whole thing into George’s lap. Bill had been speaking to the Mexican government and had received assurances that no such clean air restrictions would be imposed on Ardnak if they relocated 15 miles south of Hondo in Mexico. However, Ardnak must hire Mexican workers. Bill explained that the reason for relocating would be to eliminate the EPA problems. Bill told George he had one week to decide whether to eliminate the fines by correcting the current problems or by relocating. George knew that relocating the plant on the Mexican side would devastate the infrastructure of the city of Hondo and would continue to put contaminants into the air on the U.S. side. When he mentioned the possibility to Mary, she reinforced other concerns. She did not want him to be responsible for the loss of jobs of their friends and extended families.

In: Operations Management

You just bought a big house and have plans to buy a bunch of furniture, top-notch...

You just bought a big house and have plans to buy a bunch of furniture, top-notch appliances, and complete some extensive landscaping. The budget for these activities is significant, but you are in no hurry. You plan to retire in this house. As you are considering options, you read online that the Federal Reserve abruptly decided to sell a significant amount of government securities in the coming months. What is your most likely conclusion about this action?

a. The Fed predicts inflation and wants to slow the economy by decreasing money supply.
b. The Fed predicts deflation and wants to slow the economy by increasing money supply.
c. The Fed predicts deflation and wants to speed up the economy by decreasing money supply.

d. The Fed predicts inflation and wants to speed the economy by increasing money supply.

You recently left your job at a nearby automobile manufacturing plant to start your own business supplying engine parts to the facility. While at the facility, you were a member of the company’s employee credit union, but closed your account upon leaving. Now you find yourself in need of a loan to start your business. In preparation for applying for a loan, you make a list of possible options. Which of the following institutions are options from which you should request a loan?

a. A local finance company
b. A local commercial bank
c. A local brokerage firm

d. The credit union where you were formerly a member

A financial crisis just caused your FDIC-insured bank to close. You had $400,000 on deposit there, all in one account. You also had $300,000 on deposit in a non FDIC-insured money market account at another bank that did not close. How much money will you lose due to this bank failure?

a. $400,000
b. $700,000
c. $0
d. $150,000
e. $300,000

In: Operations Management

Years ago, your great-grandparents lost a significant amount of money during a bank run in the...

Years ago, your great-grandparents lost a significant amount of money during a bank run in the Great Depression. As a result, it has always been important to you to keep your money secure and insured. You recently sold a business and now have $500,000 to set aside. You consult an investment advisor and he offers you some options. Because the safety of your money is the primary concern, the option you choose is:

a. Two separate $250,000 savings accounts at an FDIC-insured bank, one in your name and one in a joint account with your spouse.
b. Two separate $250,000 savings accounts in your name at an FDIC-insured bank.
c. Two separate mutual fund accounts purchased at an FDIC-insured bank, one in your name and one in a joint account with your spouse.

d. Two separate $250,000 municipal bonds purchased at an FDIC-insured bank.

For years you have deposited your money in a local community bank. Unfortunately, the bank’s lending policy was lax and last year the bank was forced by the FDIC to close its doors. You had $600,000 on deposit at the bank in a joint savings account with your spouse. The FDIC sold all of the deposits and loans of the failing bank to Wells Fargo, which is a much more stable bank. What affect will this have on your savings account?

a. You will receive a $250,000 check from FDIC for the insured amount of your joint account.
b. You will receive a $500,000 check from the FDIC, since there were two people on your account.
c. You will lose it all because you did not withdraw your money before the accounts were sold to Wells Fargo.
d. You will now become a customer of Wells Fargo and will lose no money.

e. You will now become a customer of Wells Fargo, but you’ll start over with a $0 balance.

You just completed your first week at a new job. It’s Saturday afternoon and your boss hands you your paycheck. To celebrate, you meet friends for dinner. But it’s 8 p.m., the bank is closed and you have no cash. Your account is at the $25 minimum balance, however you have your weekly paycheck in hand. Which two features could you use to get cash for dinner?

A. Text alerts of account activity
B. Convenient ATM locations
C. Electronic deposit of checks from smartphone
D. Electronic deposit by employer

In: Operations Management

List the three ways that financial ratios should be com-pared or used. Which of the three...

List the three ways that financial ratios should be com-pared or used. Which of the three comparisons do you feel is most important? Why

In: Operations Management

You are a union worker and are employed under a contract that freezes your wages for...

You are a union worker and are employed under a contract that freezes your wages for the next three years. Today, you read an article stating the rate of inflation will increase significantly in the next few years due to a rapidly growing money supply.

What two changes are you most likely to experience?

a. Your $500 grocery budget will pay for more groceries than before.
b. Your $500 grocery budget will pay for less groceries than before.
c. You’ll be able to dine out more on your same $200 entertainment budget.

d. You’ll be able to dine out less on your same $200 entertainment budget.

The economy has been growing rapidly and inflation is spiraling out of control. Which of the following two scenarios regarding money supply would best reflect Fed attempts to control spiraling inflation?

a. Before Fed Action M1 - $3 trillion, After Fed Action M1 - $3.5 trillion
b. Before Fed Action M1 - $3 trillion, After Fed Action M1 - $2.5 trillion
c. Before Fed Action M1 - $22 trillion, After Fed Action M1 - $24 trillion

d. Before Fed Action M1 - $322 trillion, After Fed Action M1 - $20 trillion

Several years ago you retired on a fixed pension. After you did, economic activity increased slightly. The rate of inflation remained low. Recently though, economic activity has increased dramatically, causing inflation to spike. As a concerned citizen, you are writing a letter to the Chairman of the Federal Reserve Bank to advocate a change in economic policy that would slow the rate of inflation. Which two options below will you recommend in your letter?

a. Decrease the bank reserve requirement
b. Decrease the discount rate
c. Increase the bank reserve requirement
d. Buy government securities
e. Increase the discount rate

In: Operations Management

Distribution Strategy on TOPIC NIKE What is your current distribution strategy? What missed opportunities or disconnects...

Distribution Strategy on TOPIC NIKE

What is your current distribution strategy? What missed opportunities or disconnects are you seeing in this distribution approach? Make recommendations about your future distribution strategy based on the following:

  • What are the best distribution channels and methods for you to use, and why?
  • Will you have a retail outlet and if so, where will it be located?
  • In what geographic area(s) will your product/service be available?

In: Operations Management

•Describe different forms of verbal and non-verbal communication impacted by cultures. •Identify at least 3 problems...

•Describe different forms of verbal and non-verbal communication impacted by cultures.

•Identify at least 3 problems associated with cross-cultural communication, and

• List 3 ways in which an organization can train people to effectively communicate cross-culturally.

Using both Kluckhohn and Strodtbeck’s and Hofstede’s models on variances, explain how cultures vary, and how the models may be used to recognize variances within one’s own work as a Los Angeles County Public Transportation Supervisor working in a very culturally diverse agency. Based on the assigned text book International Dimensions of Organizational Behavior 5th edition by Adler, Nancy, J

In: Operations Management