Business Execution Plan.
Tesla's problem: Decrease in sales
Tesla's solutions:
1. Exploit technology more aggressively, moving away from the dealership to selling cars online.
2. Strengthen its alliance with Panasonic to expand its battery business.
In your own words 500 words, for each solution, develop a detailed plan of action.
Here is some of the insight how to answer it.
What are the key resources required, specific capabilities and skills?
How would you organize the solution, or what kind of activities is your team try to execute the solutions?
Are there obstacles and risks in executing?
In: Operations Management
this subject is business communication
Short Formal 1 Page Report: DDE Remote Working Memorandum
Assignment: Write a short formal one-page report: DDE Remote Working Memorandum.
In: Operations Management
During the last meeting of your management team, the planning officer presented a proposal for diversifying. It was to acquire a rental car agency at the smallest city you are currently serving. While there is a car rental agency located downtown at a service station and a locally owned taxi service serves the airport, there is no car rental agency serving the airport. Although the total passengers boarded daily there is modest, quite a few people do inquire about the availability of rental cars. Your local station manager is very excited about the prospects of building up a reasonable rental business there and wants the opportunity to try it.
A firm that has been very successful at franchising such operations is interested in supporting your efforts. This firm would sublease autos to you as needed and provide insurance coverage. (Insurance is difficult to obtain for small operations such as this.) The firm would guarantee the availability of enough autos to handle 90% of the business 90% of the time; in other words, it is not profitable to keep an expensive inventory for the few times of high demand.
The start-up costs would be $200,000 allocated over eight quarters. This would pay for the cost of the initial franchise fee, advertising, paving of a small storage lot, and rebuilding your ticket counter to include space for the retail business. Extensive cost and revenue studies have been made. They indicate a high probability of success but conflicting data on how successful. Starting losses of from $3,000 to $10,000 per quarter could be expected the first one or two quarters. After that, there is a 10% probability of just breaking even, a 60% probability of making $60,000 per quarter, and 30% probability of making between $60,000 and $100,000 per quarter.
The director of marketing focused on the crux of the matter as she noted, “After making a cost-benefit analysis of both propositions, it will boil down to the question, ‘What business are we in, or what businesses should we be in?’ It is an important strategic question. Personally, I think we should be in the transportation business and this acquisition would fit that mission.”
The financial vice president responded with a worried look, “Yes, but it will take financial resources away from our passenger airline business. Are we strong enough to take on something new?”
Another staff member responded, “A competitor may choose to pick up the franchise if we don't. Perhaps we should consider it as a defensive strategy and not necessarily one in which we plan to make a profit.”
The president added, “Does this fit with our strategic plans?”
option:
1. Begin the auto rental business.
2. Do not begin the auto rental business.
In: Operations Management
Innovation is generally a crucial component in gaining a competitive advantage. Process structure and inertia can be considered problematic for innovation as both signify resistance to change. Many people are unwilling to change unless they believe that there is a problem. Successful innovation requires change and adaptation of new ideas. How do you think that these gaps can be overcome? Why?
In: Operations Management
In: Operations Management
For goal programming models, what is not true?
A) Always minimization.
B) Only deviational variables appear in the objective function.
C) All deviational variables must be >= 0.
D) Only deviational variables appear in the constraints.
In: Operations Management
In: Operations Management
Mathematical Models: Do you think the mathematical model Breakeven Point (BEP) is important? Does a firm need to know it's BEP? What are some ways to reduce the firm's BEP?
In: Operations Management
Identify your value system by evaluating your convictions. List at least five of the values from the list below that generate the strongest thoughts, images, and feelings. Write the thoughts, images, places, people, and feelings associated with each one.
Adventure
Assisting others
Belonging
Challenge
Comfort
Competitiveness
Conformity
Control
Creativity
Economic security
Equality
Physical security
Freedom
Health
Independence
Improving society
Integrity
Intellect
Order
Peace
Power
Recognition
Respect
Spirituality
Success
Wealth
Other
In: Operations Management
3- Use Mintzberg's Managerial Roles to analyze the managerial roles played by an entrepreneur who has just established a start-up.
4-What is the Systems Approach of Management? Do you think this approach is applicable in today's management practice? Why and How? Use examples to illustrate your point.
9-Describe an effective culture for (a) a relatively stable environment and (b) a dynamic environment. Explain your choices and give one example (a company you know) for each situation.
In: Operations Management
40) In order to be successful, a T&D program needs ________.
A) specialization and standardization
B) top management support
C) pre-recorded lectures
D) input from local colleges and universities
42) Employees view career development opportunities as more important than ________.
A) indirect financial compensation
B) employee benefits
C) pay
D) work-life balance
43) As managers reach higher levels in the organization, it is not so much their ________ skills that that they need, but their ________ skills and their business knowledge.
A) interpersonal; technical
B) communication; financial
C) organizational; observation
D) technical; interpersonal
50) Comprehensive safety programs should primarily focus on unsafe working conditions and on unsafe ________.
A) employee actions
B) equipment
C) management policies
D) products
52) What results in a detailed written procedure for safely completing many tasks within a plant?
A) job analysis
B) workplace analysis
C) job hazard analysis
D) quantified hazard analysis
56) The National Auto Group is going to develop a wellness program. What is the first step in the process?
A) conducting a health-risk assessment of employees
B) developing incentives for employee participation
C) establishing an on-site health clinic
D) requiring substance abuse tests
In: Operations Management
Please discuss the benefits and downfalls of pay for performance systems in your own words. What is an industry that you feel could benefit from the implementation of a pay-for-performance system? Why do you feel this way? How exactly would you begin the process of implementing the pay for performance system? Are there any industries that you feel pay-for performance systems would not work within?
In: Operations Management
“Redesigning your Job”
How could my job as an Office Manager be redesigned to place more emphasis on efficiency, motivation, ergonomics, or mental processing? What changes could I want, and why? (Or why do I want the job to be redesigned?)
In: Operations Management
The latest departure from the BurgerSupreme executive team was James Pickle who was in charge of purchasing. Mr. Pickle had to leave because he broke the law and took a bribe to give the contract to Radioactive Lettuce a provider of lettuce, pickles, and other accoutrements. Mr. Pickle in explaining why he had taken a bribe said that his action had been good for BurgerSupreme and its shareholders as Radioactive Lettuce had given them a better deal and Burger Supreme paid less for lettuce and tomatoes than to any other of their competitors.
Based on the logic proposed by Milton Friedman on the responsibility of managers, is James Pickle action acceptable?
| a. |
Yes, it's acceptable because he was not benefiting personally |
|
| b. |
No, it's not acceptable because it is ethically wrong |
|
| c. |
Yes, it's acceptable because his actions maximize profits |
|
| d. |
No, it's not acceptable because he broke the law |
In: Operations Management
*Across the world, governments and health authorities are working together to find solutions to the COVID-19 pandemic, to protect people and get society back up and running. Software developers are contributing by crafting technical tools to help combat the virus and save lives. In this spirit of collaboration, Google and Apple are announcing a joint effort to enable the use of Bluetooth technology to help governments and health agencies reduce the spread of the virus, with user privacy and security central to the design.
Since COVID-19 can be transmitted through close proximity to affected individuals, public health officials have identified contact tracing as a valuable tool to help contain its spread. A number of leading public health authorities, universities, and NGOs around the world have been doing important work to develop opt-in contact tracing technology. To further this cause, Apple and Google will be launching a comprehensive solution that includes application programming interfaces (APIs) and operating system-level technology to assist in enabling contact tracing. Given the urgent need, the plan is to implement this solution in two steps while maintaining strong protections around user privacy.
First, in May, both companies will release APIs that enable interoperability between Android and iOS devices using apps from public health authorities. These official apps will be available for users to download via their respective app stores.
Second, in the coming months, Apple and Google will work to enable a broader Bluetooth-based contact tracing platform by building this functionality into the underlying platforms. This is a more robust solution than an API and would allow more individuals to participate, if they choose to opt in, as well as enable interaction with a broader ecosystem of apps and government health authorities. Privacy, transparency, and consent are of utmost importance in this effort, and we look forward to building this functionality in consultation with interested stakeholders. We will openly publish information about our work for others to analyze.
All of us at Apple and Google believe there has never been a more important moment to work together to solve one of the world’s most pressing problems. Through close cooperation and collaboration with developers, governments and public health providers, we hope to harness the power of technology to help countries around the world slow the spread of COVID-19 and accelerate the return of everyday life.
In: Operations Management