Hi, could you provide an explantion for the following questions please in relation to the decision making process. These questions are in relation to seeking assistance from other sources so that your decision regarding advice, feedback and support are the best they can be
Q1 describe an example of how you sought advice as required to assist in the decision-making process?
Q2 describe an example of how you sought feedback as required to assist in the decision-making process?
Q3 describe an example of how you sought support as required to assist in the decision-making process?
In: Operations Management
Explain what is meant by the term “management style” and why it can
be an important issue in the success or failure of a business. Support your
answer with examples that illustrate differing management styles.
In: Operations Management
Activity | Predecessor | Optimistic | Most Likely | Pessimistic |
A | 4 | 7 | 10 | |
B | 2 | 9 | 10 | |
C | A,B | 2 | 5 | 8 |
D | C | 16 | 19 | 28 |
E | C | 6 | 9 | 24 |
F | E | 1 | 7 | 13 |
G | C | 4 | 10 | 28 |
H | D,F | 2 | 5 | 14 |
I | G,F | 5 | 8 | 17 |
J | H,I | 2 | 5 | 8 |
In: Operations Management
Use a project that you know of and provide a risk management plan for the project. Conduct an analysis of the risk management process as evidenced by the plan.
In: Operations Management
What is a competitive analysis? How do you make one?
In: Operations Management
In a recent article (As McDonald's Targets Chronically Sick Kids, Is It Unethical?), Robyn O'Brien writes:
In an effort to protect children’s health around the globe, there has been a growing call to end the marketing of junk foods to children. Jack in the Box has responded, as has KFC Australia, but here in the US, our children are still exposed to a tsunami of ads, on TV, online and in school.
The Institute of Medicine and the National Bureau of Economic Research find ending junk food marketing directed at kids could spare the health of millions of children. The White House, four federal agencies (the FTC, FDA, CDC and USDA) recommend curbing junk food marketing kids and the American Academy of Pediatrics goes even further recommending Congress ban junk food advertising during children’s programming.
But it’s still a no-go here in the US. The fast food industry spends more than $5 million per day marketing unhealthy foods to kids.
In 2010, the food and beverage industry spent over $40 billion lobbying congress against several regulations including those that would decrease the marketing of unhealthy foods to kids, and potential soda taxes. That’s about ten times more money than the entire FDA budget for the year.
The question, then, is whether it is unethical for companies like McDonald's or Coca-Cola to target its advertising to children. Should there be restrictions on the advertising of fast-food and carbonated beverages to children?
In: Operations Management
Assume that you are a consultant for a marketer who wants to
design a package for a new premium chocolate bar targeted to the
market. What recommendations would you provide in terms of such
package elements as color, symbolism, graphic design, smell, and
sound? Give the reasons for your suggestions based on the knowledge
you acquired during your consumer behavior course.
In: Operations Management
Routing computers is Computers that decide how best to forward packets
Select One
True
False
Local area network (LAN) is a Networks of computers connected over greater distances
Select One
True
False
Culture is one of the Limiting Factors for Consumers for using E-commerce
Select One
True
False
a Web page whose content is shaped by a program in response to user requests,
Select One
True
False
Web catalog revenue model, taking the catalog model to the Web
Select One
True
False
In: Operations Management
Many retailers across the globe are using sensory marketing to enhance customers' experience and increase sales in their stores. Explain how sensory marketing works to impact the consumer decision-making process. Is sensory marketing always effective? What are the main issues that retailers have to consider to successfully use sensory marketing in their stores?
In: Operations Management
Two of the biggest competitors in Canada’s quick-service (QSR) coffee retail sector are Tim Hortons and McDonalds.
For this assignment you will complete a review of the both Tim Hortons and McDonalds in the Canadian coffee market. Please be sure to examine all elements of their loyalty program, including digital and instore application/execution, as well as their product offering, pricing strategy and ethical practices to understand how they drive market share in the competitive QSR coffee market.
What sourcing considerations do you think these retailers have
employed to increase their competitive strength in the market.
Provide examples of any ethical practices they have employed and
how they are communicating that to consumers
In: Operations Management
I came up with a venture design idea of Cardboard Window Blinds instead of the conventional wood blinds or paper blinds for my finals.
I was taught that the definition of distinctive competency follows the VRIO framework i.e. True distinctive competency means a product has to be: Valuable to your customer, Rare among solution providers, superior to those of other competitors and Costly for others to imitate!.
QUESTION: Product: Cardboard Window Blind
Imagine you are the one developing this product, What would be the striking Distinctive Competency(s) (i.e. Valuable, Rare, Superior and Costly to imitate advantage) of the Cardboard Windows Blind(blind made from Cardboards) as compared to other already existing alternatives such as Wood Blinds, paper blinds and curtains etc. Why would this your product be unique, what about this offering would be so compelling for your target customers e.g.Family and Home eco-friendly aesthetic Decors lovers, Hotels owners, restaurants etc.
I basically need an award winning selling point for the distinctive competency of this Product.
Please the answer(s) has to be truly distinctive and not core competency. Thanks
In: Operations Management
what do you see as advantages and disadvantages of do_it yourself process flows such as self checkout at grocery storespo
In: Operations Management
The process of break-even analysis examines the relationship
between revenue and costs for different factors of production. The
main emphasis is in determining the number of units and the sales
volume at which the company will recover its costs. At this level
of production and sales the company's profits are zero. By
examining this initial break-even point companies can analyze the
risk of a particular project as well as any potential profits that
can be garnered.
In a spreadsheet analysis of break-even problem, the advantage is
that many "what if" scenarios can be examined without lengthy
computation times and fear of computational errors are virtually
eliminated. In addition, by taking advantage of the graphical
capabilities of spreadsheet programs, the results can be shown
graphically as well as numerically.
A well designed spreadsheet would accommodate cells for the input
data such as fixed costs, variable cost per unit, price per unit,
etc. It is possible to even provide for raw observational data to
be used such as sales volume, total cost, and quantity. However, we
will leave that model for a subsequent analysis. In addition, the
model should provide an output range to include relevant factors
like break-even quantity, break-even dollars, and target profit,
etc. The model should be designed such that as the input values are
changed the corresponding output values are automatically modified
to reflect these changes. This process involves setting up relative
formulas for the computation of break-even quantity, break-even
dollars, and projected profits. Finally, the model should provide a
graphical representation of the problem. This would best be
represented as a linear graph of revenue, cost, and profit
displayed as a function of quantity.
Some useful hints for creating a well-designed break-even computer
model include:
1. The basic computational equation for break-even quantity is:
Break-Even Quantity = Fixed Costs / (Price per unit - Variable Cost
per Unit) 2. Break-even dollars can be computed using the revenue
or cost formula evaluated at the break-even quantity. 3. Projected
profits can be evaluated using the profit function evaluated at the
planned production level. 4. Each of the above formulas should be
written with relative references to the cells of the spreadsheet
that contain the input data of price per unit, variable cost per
unit, fixed costs, and planned production level.
Break-Even Analysis Project - Saint Francis Hospital
Saint Francis Hospital has an operating room used only for eye
surgery. The annual cost of rent, heat, and electricity for the
operating room and its equipment is $275,000, and the annual
salaries for the people who staff this room total $1,270,000. These
costs are the same
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regardless how many surgeries are performed. Each surgery performed
requires the use of $1,375 worth of medical supplies and drugs. To
promote goodwill, every patient receives a bouquet of flowers the
day after surgery. In addition, all patients require dark glasses,
which the hospital provides free-of-charge. It costs the hospital
$55 for each bouquet of flowers and $25 for each pair of glasses.
The hospital receives a payment of $3,500 for each eye operation
performed. Last year the hospital performed 950 operations and
plans to continue at this level of production.
Identify the revenue per case (price per unit) and the annual fixed
and variable costs for running the operating room. Set up your
spreadsheet so that theses inputs can readily be changed. Set up an
output range to calculate the break-even quantity and dollar amount
for total revenue and costs. Also, set up an output range to
display the projected profits resulting from different levels of
production. How many eye operations must the hospital perform each
year in order to break even? What would the annual profits be if
they perform 950 operations each year?
One of the nurses has just learned about a machine that would
reduce the cost of medical supplies needed by $580 per patient. It
can be leased for $475,000 annually. Keeping in mind the financial
costs and benefits, advise the hospital on whether or not they
should lease this machine. Use the spreadsheet to identify the
break-even point and the level of profit associated with 950
operations per year. Modify the fixed and variable costs as
appropriate and examine the break-even quantity and profits
again.
An advertising agency has proposed to the hospital's president that
she spend $10,000 per month on television and radio advertising to
persuade people that Saint Francis Hospital is the best place to
have any eye surgery performed. The advertising firm estimates that
such publicity would increase business by 30 operations per month.
If they are correct, what impact would this advertising have on
hospital's profit? What would happen to the break-even point? In
case the advertising agency is being overly optimistic, what would
the decision be if the advertising campaign only increased the
number of operation per month by 5? What is the maximum amount the
Hospital would be willing to pay for the advertising if the ads
generated 30 additional operations each month? Consider this option
independent of the machine purchase described above.
Assuming the hospital decided to use the advertising program,
should the hospital then also purchase the machine? What impact do
these decisions have on profits and risk for the hospital?
Prepare a written report summarizing your results and
recommendations. Include an explanation of the effects of changing
the price, variable cost, and fixed costs on the break-even point
and profits. The report should include printouts of the various
spreadsheets and graphs to support your conclusions.
Deliverables
1. Executive summary report to address relevant problem definition,
assumptions, alternative solutions, and optimal solutions
selection. A Microsoft Word file entitled, Project1.docx 2.
Detailed numerical analysis with appropriate calculations and
charts for the various scenarios. A Microsoft Excel file entitled,
Project1.xlsx
In: Operations Management
Many compensation professionals are faced with making choices about which discretionary benefits to drop because funds are limited and the costs of these benefits continually increase. Assume you make such choices. Rank order (at least five) discretionary benefits from the ones you would most likely eliminate to the ones you would least likely eliminate. Explain your rationale. Do such factors as the demographic composition of the workforce of the company matter? Explain.
In: Operations Management
What is the role of a stakeholder in risk management?
In: Operations Management