Define globalization. What is the difference between outsourcing and offshoring? List an example of outsourcing or offshoring. Why would a company choose to implement outsourcing or offshoring? What are the disadvantages to outsourcing or offshoring?
In: Operations Management
Choose a well-known reputable public relations company:-
1- Write a short background information about it
2- write about its basic structure
3- who are their popular clients
4- write examples of the successful stories
5- give a personal feedback about the company
In: Operations Management
In: Operations Management
1. Summarize the three (3) essential roles performed by managers.
2. Describe the four (4) general skills necessary for becoming a successful manager.
3. Describe the value of studying management.
In: Operations Management
Breakdown how Crave interactive can benfits hotel and boost guest experience.
In: Operations Management
Many organizations have quite a large amount of data, but often do not have the tools to analyze these data. Also keep in mind that data are not just numbers but the data can come in other forms. How do we analyze all of these data that a business has? That is the role of analytics in business.
In: Operations Management
A factory wants to improve its service capacity by purchasing a new machine. Three different machines are available. The table below displays the estimated profits for all combinations of decisions with outcomes.
|
Decisions |
States of Nature (Outcomes) |
||
|
High demand |
Average demand |
Low demand |
|
|
Purchasing Machine A |
$10000 |
$3000 |
$-4000 |
|
Purchasing Machine B |
$6000 |
$4000 |
$-2000 |
|
Purchasing Machine C |
$2000 |
$500 |
$0 |
|
Probabilities |
0.5 |
0.2 |
0.3 |
Questions:
and please the answer is typed
In: Operations Management
In: Operations Management
In: Operations Management
Objective
The Case will focus on issues related to the cultural aspect of
international business. Sustainable business practices include CSR
issues, foreign investment, and the benefits of regional
integration for the countries within, and companies doing business
in, that region. The case study analysis will be completed on an
individual basis.
Instructions
Read the case study and answer the questions that follow. Each
answer must be based on facts from the case and all of the course
materials. Each answer should be 1-2 pages long for a total
submission length of 10 pages maximum (double spaced, 12 pt font),
and must be prepared in APA style format.
THE CASE: Kaizer Consulting
Kaizer Consulting is an international management
consulting firm that specializes in business strategy and serves as
a key advisor to the world’s leading companies. It provides its
clients with the unique insight to drive critical decision-making
and solve their most pressing problems.
Every year, the majority of Kaizer’s business comes from clients
with whom they have worked in the previous year – an indicator of
Kaizer’s ability to achieve lasting results for its clients.
Kaizer’s client relationships are enduring as many clients have
remained customers for more than a decade and have become project
partners.
The Client has a Problem
The manager of a product category at a Fortune 50 technology
company (The Client) approached Kaizer to analyze the complete
range of supply chain challenges his company would face when they
entered Vietnam-- a new market in South-East Asia that was
presently dominated by a large single competitor. Initially, it was
agreed that The Client would benefit most from a set of detailed
analyses of the market which would focus on a providing a deep
understanding of the
market’s culture and business practices and
manufacturing, distribution, and retail operations
required to execute their market development plans.
The Client was aware of some cultural differences in the new
market, but was under the impression that it would be able to
proceed as it normally did when entering a new market. Further, The
Client believed that the competitor’s primary advantage was based
on optimized management of the distribution network and aggressive
retailing. The Client thought it could proceed on that basis with
its usual market entry strategy, but wanted to obtain Kaizer’s
opinions on this before proceeding.
Kaizer’s Approach
Based on extensive research about the market generally, but
specifically with individuals, focus groups, cultural experts, CSR
and legal experts, suppliers, industry experts, vendors, and
employees of companies in similar situations, Kaizer realized
that:
The Client’s competitor had committed a number of
culturally-based mistakes, primarily with respect to age and gender
issues and local social taboos. Although these were not disastrous,
the mistakes were covered in the media and had created the general
impression that the competitor didn’t really care about the target
market’s traditional cultural values, beliefs, customs, and
norms.
The Client’s competitor had selected the target market
in part because of lax enforcement of environmental protection laws
and government corruption. Social media and the mass media soon
discovered how the competitor was conducting business in the target
market. Subsequently, the competitor had to perform substantial
damage control to protect its international reputation of being
socially-responsible. The competitor is currently facing legal
action in Canada and the US for its alleged corrupt business
practices.
The Client’s competitor’s key business advantage was
actually based on long-term production contracts; in effect, the
competitor had become partners with its suppliers. By doing so, the
competitor had leveraged its foreign investment in a number of
ways: it had created a supply chain that achieved a number of cost
savings on commodities, equipment, machines, and technologies;
helped improve the local economy by providing relatively
high-paying jobs to local people; and contributed to social and
political stability in the country.
Kaizer’s Findings
With the new knowledge provided by Kaizer, The Client:
Refocused its market entry and distribution strategies
from enhancing warehousing and retail systems to more innovative
production plans that incorporated local benefits and added a plan
to use Vietnam as a base for expansion into other countries in the
region particularly India, and the Philippines.
Challenged its managers and employees to develop
highly ethical Codes of Conduct and CSR strategies that supported
its long-term operations in the target market.
Most importantly, was able to develop an overall
approach that was culturally sensitive and appropriate, even
humorous. This approach was reflected in all the client’s
negotiation and partnership development activities and clearly
demonstrated its respect for the target market’s culture.
Next Steps
Kaizer has recognized that this work could become a model for
future work with this client and others in similar situations.
They’ve asked you to provide comments and a framework to analyze
these situations more efficiently.
Questions
1. Cultural understanding
is a key element of this situation. Comment on the importance of
this aspect of market entry and development, being sure to discuss
the key elements of understanding and working effectively in
Vietnam.
2. Using the Hofstede
Framework, analyze the Vietnamese culture with reference to
concepts covered in the course materials.
3. CSR and business
practices are another set of critical issues in this case. Describe
four CSR issues and explain how these issues can impact a company's
international business activities.
4. The Client, in order to
develop its Market Entry Strategy fully, will be required to make
an investment in Vietnam. Explain each of the four means of
incorporating risk into market entry strategies if The Client
wanted to use an Adaptation Strategy.
5. The Client will benefit
from trading with other countries in the region. Briefly describe
the Association of Southeast Asian Nations (ASEAN) and discuss the
benefits and drawbacks of regional integration.
In: Operations Management
Define market segmentation and analyse the different options available to financial services organisations in deciding on the bases to use in segmenting the personal sector.
In: Operations Management
. Dell is widely used as an ethical company and has recently committed itself to becoming a more environmentally sustainable business. After reviewing the Corporate Social Responsibility section of Dell’s website, prepare a list of 10 specific policies and programs that help the company bring about social and environmental change while still innovative and profitable.
In: Operations Management
Your cat's summer kitty-cottage needs a new roof. You feel a 15-year analysis period is in line with your cat's remaining lives. (there is no salvage value for old roofs.)
Thatch Slate
First cost $200 $350
Annual upkeep 50 20
Service life, in years 3 5
A. Graph the EUAC or EUAW for the alternatives. Construct a choice table for interest rates from 0% to 100%.
B. Which roof should you choose if your MARR is 12%? What is the actual value of the IRR on the incremental cost?
In: Operations Management
3) How do your values factor into the type of job or career you pursue?
4) Do you take into consideration the culture of an organization when deciding to work there?
In: Operations Management
Does it make good strategic sense for VR to compete in all of its current segments? Which of its product lines do you think is/are most important to VR’s future growth and profitability? Should one or more of these current segments be discontinued? Why?
In: Operations Management