G1) If you could rewrite/change the “rules.” how would you improve corporate governance in the United States?
In: Operations Management
Globalization represents the opportunity to deliver improved value to end customers by developing world-class supply relationships in terms of cost, quality, delivery and performance. more 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.
1. Critically discuss the reasons why your company (a vehicle manufactiring company) should consider ethical conduct in its purchasing structure.
In: Operations Management
A study by Agus and Hajinoor into the adoption of lean management among 200 (non-food) manufacturing companies in the Malay Peninsula identified that reducing setup times, shortening lead times and focusing on pull factors (such as maintaining production at levels commensurate to consumption) helped reduce costs and improve profitability.
(4. What other strategies could be implemented along with lean
production to improve quality and productivity?)
Further information can be found in A. Agus and S. H. Hajinoor,
Lean production supply chain management as driver towards enhancing
product quality and business performance, The International Journal
of Quality and Reliability Management, 2012;29(1): 92–121.
In: Operations Management
The traditional view of leaders “as special people who set the direction, make the key decisions, and energize the troops” is deeply rooted in an individualistic and non-systemic world view. Especially in the West, leaders are great men and women who rise to the fore in times of crisis. So long as these myths prevail, they reinforce a focus on short-term events and charismatic heroes rather than on systemic forces and collective learning. Leadership should center on subtler and ultimately more important work. Leaders should be designers, teachers, and stewards. These roles require new skills: the ability to build shared vision, to bring to the surface and challenge prevailing mental models, and to foster more systemic patterns of thinking. In short, leaders are responsible for building organizations where people are continually expanding their capabilities to shape their future, that is, leaders are responsible for learning.” Do you agree or disagree with these statements by Peter Senge.
In: Operations Management
The leadership literature characterises leadership as an influence relationship among leaders and followers in a given situation. Based on your studies in this course, explain the determinants of leadership effectiveness.
In: Operations Management
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?
In: Operations Management
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?
In: Operations Management
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?
In: Operations Management
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.
In: Operations Management
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."
In: Operations Management
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.
In: Operations Management
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 |
-$35000 |
Which fund should she choose using each of the following decision methods
Maximax
Maximin
Hurwicz with α = .55
Expected value method if there is a .7 chance of “Good” conditions and .3 chance of “Mediocre” conditions.
In: Operations Management
Explain why America is better suited to export computers& while Kenya is better suited to produce hides-and-skin.
In: Operations Management
Make a one-page fact sheet with the information from Consumer Value Store.
write a fact sheet on CVS health.
its for public relations class.
Thank You.
In: Operations Management
A company manufactures mountain bikes, hybrid bikes and road bikes. Each bicycle passes through three departments: fabrication, painting, and final assembly. The total labor hours available for fabrication are 100, for painting are 120 and for final assembly are 140. The labor requirements and profit are given in the following table.
|
Type |
Fabrication (hr) |
Painting (hr) |
Assembly (hr) |
Profit ($) |
|
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