F1) Strategic management is fundamentally the study of why some firms do better than others. In the search for strategic principles which have broad value, three business strategies were identified as providing the most value: (1) optimize efficiency; (2) respond rapidly to changing environments; and (3) develop inimitable resources and capabilities. Do you agree that following these three principles will create competitive advantage for a firm? Are there other principles which you have identified in your readings or studies?
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F2) “No matter what kind of business you work in, no matter what the product, service, market, or location, a single set of management rules or principles, applied correctly, can in most cases turn poorly performing businesses into stars.” The author of this statement goes on to identify four rules of management: (1) Above all, make sure management has the right business focus; (2) benchmark your toughest competitors and then work like heck to become best in class; (3) bring into your business as much fresh blood as you can; and (4) let the people who create value earn a lot of money. Do you agree or disagree with these statements? Are there other rules of management that you have identified in your readings or studies?
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One of the most enduring ideas of organization theory is that an organization's structure and management must “fit” its environment in the same way that a particular horse might be more suited to one course than another. In the recent past, MNC managers have been at the receiving end of a diverse and often conflicting set of organizational structure prescriptions. On the one hand, influential academics and consultants have been urging them to abandon simplistic structures and processes and instead to build multidimensional network organizations with distributed management roles and tasks, overlapping responsibilities and relationships, and built in ambiguity and redundancy. On the other hand, equally strong voices have been arguing that the performance problems faced by many large corporations are often attributable to the complexities of their organizations and that managers must have the courage to reestablish organizational simplicity by reverting to direct decision making and unambiguous accountability. In your opinion given the complexity of the global environment, which course (or is it horse) is appropriate?
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Given the ideal model of work, Focus on one aspect that you believe is important, and explain why businesses trying to implement change should not ignore this aspect.
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I need to respond to my classmates' discussion post
"Hunter's situation is an unfortunate one. I believe Hunter's captain is certainly in the wrong by doing this. However, there are multiple ways Hunter may react once the conflict escalates. If Hunter were to use an avoidance style in this conflict he may quit his job or he may seek someone else's help in resolving the conflict remotely. Quitting his job would be the most direct form of avoidance, however, it may not be the best for him and his girlfriend may not like that solution either. Hunter may begin triangling via his girlfriend or other officers. Triangling is a style of avoidance in which a person discusses their conflict with a third party in hopes that the third party confronts or resolves the conflict for them without them having to do anything directly. Maybe Hunter could hope his girlfriend would confront his captain about their past relationship and how he is treating Hunter because of it. Another style Hunter could adopt is one of accommodation. This style can be seen as cooperative to a fault of the cooperator. The best way to accommodate his captain would be to break up with the girl he is dating. This may make the captain happy, however, Hunter will be hurt in the process. A forcing style, or a win at all costs style, would have Hunter push forward and continue his relationship while disregarding the push-back from his captain. This may prolong and escalate the conflict between the two parties. Also, Hunter's win at all costs reactions may affect his relationship with the girl he is dating. It would be bad if his drive to date her became entwined with his need to win against his captain. Collaboration is considered a resolution style where both parties win. However, it may be difficult for both parties to win in this situation. Maybe the best route would be for Hunter to talk directly with his captain and reach an understanding. If the captain can move past his resentment then both parties will feel better. However, if that is not possible, they may simply have to compromise. Compromise is difficult in this situation. It may require mediation and discussion similar to the collaboration style. In the end, the captain may just have to compromise his feelings while Hunter compromises something of his (Aamodt, 2016). I think collaboration or compromise would be the best solution here. If that does not work, a higher power may need to intervene to ensure Hunter is not discriminated against because of his personal relationships."
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Globalization represents the opportunity to deliver improved value to end customers by developing world-class supply relationships in terms of cost, quality, delivery and prrformance. mpre and more buyers have to learn to develop a supply base in more than one country in order to remain competitive in the complex and dynamic global business environment.
Identify a company of your choice ( in a vehicle manufacturing industry) on which you will base your study.
1. Critically analyse reasons that may cause your company to consider an international supplier over a local supplier.
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Question 5) Ellie Daniels has $200,000 and is considering one of three mutual funds for investment: A global fund, an index fund and an internet fund. Based on previous returns, the following table represents the outcomes based on Good or Mediocre market conditions:
Market |
Conditions |
|
Fund |
Good |
Mediocre |
Global |
$25,000 |
-$8000 |
Index |
$35,000 |
$5000 |
Internet |
$60,000 |
-$35000 |
Which fund should she choose using each of the following decision methods
Maximax
Maximin
Hurwicz with α = .55
Expected value method if there is a .7 chance of “Good” conditions and .3 chance of “Mediocre” conditions.
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Explain why America is better suited to export computers& while Kenya is better suited to produce hides-and-skin.
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Make a one-page fact sheet with the information from Consumer Value Store.
write a fact sheet on CVS health.
its for public relations class.
Thank You.
In: Operations Management
A company manufactures mountain bikes, hybrid bikes and road bikes. Each bicycle passes through three departments: fabrication, painting, and final assembly. The total labor hours available for fabrication are 100, for painting are 120 and for final assembly are 140. The labor requirements and profit are given in the following table.
Type |
Fabrication (hr) |
Painting (hr) |
Assembly (hr) |
Profit ($) |
Mountain |
3 |
5 |
3 |
90 |
Hybrid |
4 |
2 |
7 |
110 |
Road |
3 |
6 |
3 |
70 |
Formulate the linear programming model (be sure to state what the variables stand for.
How many bicycles of each type should the company make to maximize its profit (record your answer to the nearest whole number)? What is the maximum profit?
Find the sensitivity ranges for the three constraint amounts.
In: Operations Management
Assignment:
In light of the current COVID-19 pandemic that has consumed this semester, what are two or three examples of ethical leadership you have witnessed? These examples can be drawn from personal, professional, or academic situations.
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INFO 564 Homework Assignment 5 (100 pts)
This work must be done completely in EXCEL. Answer each question on a separate tab. Label each tab appropriately. You can copy and paste the data given into an Excel worksheet.
South Shore Construction builds permanent docks and seawalls along the southern shore of Long Island, New York. The following data show quarterly sales revenues (in $’000s) for the past 5 years.
Quarter |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
1 |
20 |
37 |
75 |
92 |
176 |
2 |
100 |
136 |
155 |
202 |
282 |
3 |
175 |
245 |
326 |
384 |
445 |
4 |
13 |
26 |
48 |
82 |
181 |
Question 1 (5 pts)
Plot this data with quarters from years 1-5 on the horizontal axis. What components do you see in this time series?
Question 2 (20 pts)
Ignore any trend or seasonality in the data.
Question 3 (20 pts)
Ignore any trend or seasonality in the data.
Question 4 (20 pts)
Again ignore any trend or seasonality in the data.
Question 5 (20 pts)
Now make adjustments for trend and seasonality.
Question 6 (15 pts)
Using the most accurate method of all of the above,
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write a brief description about the book called How to win friends and influence people by dale carnegie? Write four areas of book you find interesting and why? what do you don't like about this book why?
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Explain why the Infant-Industry argument is valid.
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a. What ETHICAL DILEMMAS might the CORONA CRISIS provoke for the business you selected?
b. How could the CORONA CRISIS be an OPPORTUNITY for making this business MORE ETHICAL?
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