Q4. The sentences below may or may not contain errors, Re-write them, correcting any errors you find to make them acceptable without changing their meanings. i. The invited guest for the programme is still not in; it’s already 2 o’clock pm. ii. All what they needed to do was to apologize to the victims. iii. Many people are happy about what president said in his speech that, “…, but what we don’t know is to bring people back”. iv. We believe it’s high time the president lift the ban on social gathering so we can have face-to-face lectures. v. Where have you been to, Ellen? vi. Ghana’s Kwame Nkrumah and Patrice Lumumba of former Zaire were great and imminent sons of Africa. vii. All things being equal, the older generation will die before the new generation. viii. Whiles we wait for the lecturer to fix the projector, let us contact the Students’ Affairs Directorate about the date for the summer school. ix. Assess to my grandfather’s house is now a bane. x. Eric remarked I liked the serene atmosphere.
In: Operations Management
PLEASE READ AND ANSWER
CASE #3 TATA'S TIME(STRATEGIC MANAGEMENT IN ACTION SIXTH EDITION)
It holds the number 6 spot on the list of the world's most admired companies in the steel industry. The Tata Group, based in Mumbai, India, is the largest conglomerate in that country. Its latest revenues are estimated at $67.4 billion, of which 61 percent is from business outside India. Tata has more than 100 operating companies in seven main business groups doing business in 80 countries: chemicals, information systems and communications, consumer products, energy, engineering, materials, and services. Its two largest businesses are Tata Steel and Tata Motors. Its Tata Tea, which owns the valued Tetley brand, also is one of the largest tea producers in the world. Ratan Tata, Tata Group's chairper son, has forged a strategy that encompasses the globe. In 1999, he issued a "clarion call to push outside India with acquisitions and exports." One of the company's executive directors recalled, "We didn't know what to expect, to be honest."
Today, Tata controls many businesses ranging from Eight O'clock Coffee Co. in the United Sates to the Taj Group of hotels, which took over management of the landmark Pierre Hotel on Central Park in New York City. Tata made its boldest global strategic push, however, in October 2006 when Tata Steel formally proposed buying British steelmaker Corus Group PLC for about $8 billion USD. Corus, which was formed by a merger of British Steel and Hoogovens, was three times the size of Tata Steel. The buyout offer soon turned into a bidding war when Tata Group discovered another company, Companhia Siderùrgica, Nacional of Brazil (CSN), was also preparing a bid and therefore upped its opening offer to $9.2 billion; CSN then raised the stakes by offering to pay $9.6 billion. A Tata Group spokesman said that the company's attempt to acquire Corus was "based on a compelling strategic rationale." Ratan Tata explained further by saying, "The revised terms deliver substantial additional value to Corus shareholders." The increased takeover bid did not impress investors as the company's share price fell 6 percent after the news was announced. Analysts and investors both "expressed concern that Tata is overpricing Corus, whose operating costs are among the highest of any steel maker—something that would affect its profitability and its plans to expand in India." However, Ratan Tata knew that the acquisition could catapult Tata Steel from its mid-50s ranking in the global steel list to the sixth-largest industry competitor. He said, "Analysts were taking a short-term, harsh view of the deal. Hopefully, the market will look back and say it was the right move." By the end of JanuaQi 2007, the U.K. Takeover Panel called an auction in order to end the bidding war and "presided over the contest that started on Tuesday, January 30." The "contest" continued for several hours until CSN pulled out. Tata Steel won its coveted prize for $12.2 billion—a 22 percent premium over what it had originally offered. That acquisition represented the latest consolidation in the global steel industry. The combined Tata-Corus can produce 25 million tons of steel a year. The deal also represented the largest foreign acquisition by an Indian company and made the diversified Tata Group the largest company in India.
In 2008, Tata made an even bigger global splash, at least in terms of recognized consumer brand names. It acquired the Land Rover and Jaguar brands from Ford for an estimated $2.3 billion.
Tata's leaders believe the group "can survive on the world stage only by being both too big to beat and too good to fail." In December 2012, when Chairman Ratan Tata steps down, Cyrus Mistry will take over as chairman of Tata Group and he "faces the daunting challenge of steering a giant, increasingly multinational conglomerate of more than 100 companies through economic headwinds at home and abroad."
DISCUSSION QUESTIONS
1. Discuss the advantages and drawbacks of going international using Tata Group's experiences.
2. What strategic challenges do you think Cyrus Mistry might face as he guides his company? Using what you know about managing strategically, how might he respond to these challenges?
3. Do some research on India's economic and political-legal environments. What opportunities and threats do you see? In light of these, do you think Ratan Tata's strategy of pushing outside India makes sense? Explain.
THANK YOU!
In: Operations Management
what is the main philosophy of uber company ?
In: Operations Management
In class we discussed how an organizations can ensure successful change management by implementing "quick wins" and WIIFMs. Explain in detail What do we mean by these two terms as they related to change management and give one example of each using a real change transformation project in a company. You can select your project case from the internet. Tell me a little about the case. Then give an example of each- a quick win and a WIIFM. You can make up xamples (i.e. it doesn't have to be a real example) that are in the context of the case study and illustrate that you know what a quick win is and what a WIIFM is as we studied these concepts. Explain your answer completely and in a clearly explained manner.
Note: The case study is not given in a question, as it is mentioned in the question case study example should be selected from the online which suits the given question and also the last part of the question demands for an example where it doesn't need to be real life example.
In: Operations Management
In: Operations Management
In: Operations Management
Three recent college graduates have formed a partnership and have opened an advertising firm. Their first project consists of activities listed in the following table.
TIME IN DAYS | |||||||||
Activity |
Immediate Predecessor |
Optimistic | Most Likely | Pessimistic | |||||
A | — | 5 | 6 | 7 | |||||
B | — | 8 | 8 | 11 | |||||
C | A | 6 | 8 | 11 | |||||
D | — | 9 | 12 | 15 | |||||
E | C | 5 | 6 | 9 | |||||
F | D | 5 | 6 | 7 | |||||
G | F | 2 | 3 | 7 | |||||
H | B | 4 | 4 | 5 | |||||
I | H | 5 | 7 | 8 | |||||
End | E, G, I |
b.What is the probability that the project can
be completed in 24 days or less? In 21 days or less? (Round
your te and z values to 2 decimal places and "Standard
deviation" to 3 decimal places. Round your final answers to 4
decimal places.)
Days | Probability | |
24 days or less | ||
21 days or less |
c. Suppose it is now the end of the seventh day
and that activities A and B have been completed while activity D is
50 percent completed. Time estimates for the completion of activity
D are 5, 6, and 7. Activities C and H are ready to begin. Determine
the probability of finishing the project by day 24 and the
probability of finishing by day 21. (Round your
intermediate calculations to 3 decimal places and final answers to
4 decimal places.)
Probability | |
Day 24 | |
Day 21 |
In: Operations Management
Explain in detail What are the 7 R's that can support organizational change. Explain each one using YOUR words and provide a 1 sentence example for each one.
Note: The answer should be elaborated with an example and be minimum of 15 lines.
In: Operations Management
Explain those factors that might intervene to affect the role of environmental sustainability on marketing performance
In: Operations Management
What are the differences between an “emerging” market and a “converging” market? Provide an example of each that you’ve observed.
In: Operations Management
What is one step that a firm can take in order to become a more socially responsible business in short terms? (policy, standards etc, no right or wrong answers but has to be reasonable)
In: Operations Management
How did Vitamin Water get started? What are the origins of Vitamin Water?
In: Operations Management
Lizzy and Devon are not married to each other, but they share the ownership of Elm Street Offices, a commercial building. When they acquired the building, they agreed in writing that if one dies, the other inherits his or her interest. Are Lizzy and Devon concurrent owners? If so, in what type of concurrent ownership are their rights held? If not, how is their ownership classified? Fagin leases an office in the Elm Street building for a one-year term. If Fagin moves out before the end of the term of the lease, what happens to the leased property?
In: Operations Management
4. Explain the role of human resource management in the reward system
5. Which is the difference between internal and external communication?
6. Can you think of different ways to increase internal communication?
7. What managers can do to increase employees' motivation?
8. Types of motivators? Different strategies to motivate people
9. Which is the difference between FINANCIAL and nonfinancial incentives?
10. Describe the major phases of any training and development program
11. Which are the best retention practices?
12. Human Resource management is becoming more important as organizations seek to become more competitive, adaptable and profitable, why
In: Operations Management
Please analyze the concept of “digitally transforming customer experience” using an own example or a recent business example along the concepts highlighted in “The nine elements of digital transformation.”
In: Operations Management