2. Review the marketing theory on “Derived Demand” (pages 122 & 123). Business-2-Business is very much impacted by consumer demand. And to some extent, consumers may not be able to get certain things they want, if businesses are unable to fill the need. Again, assume that a gradual return to normal would not begin until late summer of 2020. Which B2B sectors will do well and which not so much? Why? (
In: Operations Management
In: Operations Management
which of the following statements is true about employee participation in compensation decision making? a) it is against law to involve an employee in a task force charged with designing a pay program b) managers arw never affected by the pay level policies implemented c) it is not necessary for line managers to get involved in changing the existing pay practices in a company d) an employee may be asked to explain the rational behind a recommendation he has given in the decision making e) employee participation in pay level decision is common in many
In: Operations Management
An explanation of the reasons managing the external environment is important in modern corrections.
In: Operations Management
1. Compare the implementation of a compliance program with the risk management process.
a. Describe the procedures that should occur after a compliance program is implemented.
b. Dwight is the new Chief Risk Officer (CRO) and head of internal audit for a large, multi-national organization. When he reviews the organization’s compliance program, he finds that the procedure in the employee handbook directs employees to report questionable practices to their direct supervisor. Explain whether Dwight should change this reporting practice
In: Operations Management
In: Operations Management
OBJECTIVES
1. To demonstrate individual differences in job expectations.
2. To illustrate individual differences in need and motivational structures.
3. To examine and compare extrinsic and intrinsic rewards as determined by Herzberg’s Two Factor Theory
What I Want from My Job
INSTRUCTIONS
1. Determine what you want from a job by circling the level of importance of each of the following job rewards and place
an E (Extrinsic) or I (Intrinsic) in the first column identifying each reward as Hygiene (Extrinsic) or Motivation (I) based on Herzberg’s Two Factor Theory.
2. Answer Questions # 1-3
|
Identify (E) or (I) |
Very Important |
Important |
Indifferent |
Unimportant |
Very Unimportant |
|
|
1. Advancement Opportunities |
5 |
4 |
3 |
2 |
1 |
|
|
2. Appropriate company Policies |
5 |
4 |
3 |
2 |
1 |
|
|
3. Authority |
5 |
4 |
3 |
2 |
1 |
|
|
4. Autonomy and freedom on the job |
5 |
4 |
3 |
2 |
1 |
|
|
5. Challenging work |
5 |
4 |
3 |
2 |
1 |
|
|
6. Company reputation |
5 |
4 |
3 |
2 |
1 |
|
|
7. Fringe benefits |
5 |
4 |
3 |
2 |
1 |
|
|
8. Geographic location |
5 |
4 |
3 |
2 |
1 |
|
|
9. Good co-workers |
5 |
4 |
3 |
2 |
1 |
|
|
10. Good supervision |
5 |
4 |
3 |
2 |
1 |
|
|
11. Job security |
5 |
4 |
3 |
2 |
1 |
|
|
12. Money |
5 |
4 |
3 |
2 |
1 |
|
|
13. Opportunity for self-development |
5 |
4 |
3 |
2 |
1 |
|
|
14. Pleasant office and working conditions |
5 |
4 |
3 |
2 |
1 |
|
|
15. Performance feedback |
5 |
4 |
3 |
2 |
1 |
|
|
16. Prestigious job title |
5 |
4 |
3 |
2 |
1 |
|
|
17. Recognition for doing a good job |
5 |
4 |
3 |
2 |
1 |
|
|
18. Responsibility |
5 |
4 |
3 |
2 |
1 |
|
|
19. Sense of achievement |
5 |
4 |
3 |
2 |
1 |
|
|
20. Training programs |
5 |
4 |
3 |
2 |
1 |
|
|
21. Type of work |
5 |
4 |
3 |
2 |
1 |
|
|
22. Working with people |
5 |
4 |
3 |
2 |
1 |
QUESTIONS
1. Which items received the highest and lowest scores from you? Why?
_________________________________________________________________________________________________________
_________________________________________________________________________________________________________
_________________________________________________________________________________________________________
________________________________________________________________________________________________________-
2. Were more response differences found in intrinsic or in extrinsic rewards?
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
3. What are the implications for managers in trying to create rewards that motivate?
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
__________________________________________________________________________________________________________
__________________________________________________________________________________________________________
__________________________________________________________________________________________________________
In: Operations Management
Assume that you are the manager of a shop that assembles power tools. You have just received an order for 59 chain saws, which are to be shipped at the start of week 8. Pertinent information on the saws is
| Item | Lead Time (weeks) | On Hand | Components |
| Saw | 2 | 15 | A(2), B(1), C(4) |
| A | 1 | 10 | E(3), D(1) |
| B | 2 | 5 | D(2), F(3) |
| C | 2 | 65 | E(2), D(2) |
| D | 1 | 20 | |
| E | 1 | 10 | |
| F | 2 | 30 | |
| a. | Develop the material requirements plan for component E using lot-for-lot ordering. (Leave no cells blank - be certain to enter "0" wherever required.) |
| Item: E(3) & E(2) LT = 1 wk. | Beg. Inv. | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
| Gross requirements | |||||||||
| Scheduled receipts | |||||||||
| Projected on hand | |||||||||
| Net requirements | |||||||||
| Planned order receipt | |||||||||
| Planned order release | |||||||||
In: Operations Management
The annual demand for admission kits for patients with
infectious conditions such as methicillin-resistant staphylococcus
aureus (MRSA) and C-diff is 2,200. The purchase price of a kit is
$80. The holding cost per unit per year is 20% of the item’s price,
and the cost of placing an order is $20. Currently, the kits are
ordered by the supply team in quantities of 200 and delivered by
the supplier two weeks later. The supply team places orders to
their supplier when inventory reaches 100. Demand is uncertain and
the standard deviation of weekly demand is 15.
Should the hospital carry any safety stock of admission kits? What
level of safety stock do you recommend
. What changes do you propose to the current ordering policy of the
supply team? What would be the impact on total annual cost
(ordering and holding)
In: Operations Management
Research Amazon. How has this firm been able to combine overall cost leadership and differentiation strategies?
Think of another firm that has attained a differentiation focus or cost focus strategy. Are its advantages sustainable? Why? Why not? (Hint: Consider its position vis-à-vis Porter’s five forces.)
In: Operations Management
If you found a prototype of the next-generation iPhone lying on a bar stool, what would you have done with it? What would be the consequences of your chosen action?
Things to consider: How would you classify the property? (e.g., abandoned, lost, mislaid, treasure trove) What would be the proper choice of action based on the property’s classification? Please do not address moral or ethical actions, stick to the law! Post a thoughtful, well-worded response of at least 5 sentences.
In: Operations Management
The producer of electric cars Tesla has recently announced its plans to build a large production plant in Germany. Discuss potential ownership, location and internalization advantages of this investment according to the OLI approach. Based on the Integration-Response Framework, which internationalization strategy and which organizational structure would you recommend for Tesla? Answer in max. 300 words
In: Operations Management
A) Enumerate the reasons for conducting marketing research before entering a foreign market.
B) Why is the breadth and depth of global marketing intelligence greater than domestic marketing research
and mention about the information you will be collecting.
In: Operations Management
The 2015 Valspar paint marketing campaign "ColorForAll"was designed to elevate its brand awareness and better connect with consumers. It all started with great
A. budget
B. technology
c. award
D, insight
E. color scheme
In: Operations Management
The 2015 Valspar paint marketing campaign "ColorForAll"was designed to elevate its brand awareness and better connect with consumers. It all started with great
A. budget
B. technology
c. award
D, insight
E. color scheme
In: Operations Management