IRAC Summary
During a prenatal appointment for her high-risk pregnancy, Monica Moore was told to complete a series of forms related to medical treatment, privacy rights, and payment of services. Neither the office receptionist who gave her the forms nor her OBGYN specialist physician (to whom she had been referred) brought her attention to the fact that among the forms she was signing was also included a four-page long arbitration agreement. The title of the top page, however, was in boldface type and capitalized letters: “ARBITRATION AGREEMENT FOR CLAIMS ARISING OUT OF OR RELATED TO MEDICAL CARE AND TREATMENT.” The arbitration agreement purported to be binding on Monica, her husband, and their unborn child; required that all future claims against any medical provider in the practice would be arbitrated (if the medical provider elected to be involved in arbitration); stated that Monica’s, her husband’s, and her unborn child’s constitutional rights to jury trial or trial by judge were being waived; noted that the patient acknowledged her right to consult with an attorney prior to signing the contract; and provided Monica with 15 days in which to rescind the agreement after she signed it, although she was not provided with a copy of the arbitration agreement. Monica later filed a medical malpractice action in state court, and the trial judge granted the defendant medical provider’s motion to compel arbitration. Monica appealed on the grounds that the arbitration agreement is a contract of adhesion with both procedural and substantive unconscionability.
In: Operations Management
Choose an example of an industry or a company with demand side increasing returns and describe it in maximum five bullet points.
In: Operations Management
what is it appropriate to argue that good strategy-making combined with good strategy execution are valid signs of good management? describe an example.
In: Operations Management
Lumbergh influenced his employee without specifically referring to his legitimate power. Which influence tactic is this?
Upward appeal
Persuasion
Coalition formation
Silent authority
Assertiveness
Yelling, speaking down to workers, and using a harsh tone of voice represents which influence tactic?
Persuasion
Upward appeal
Assertiveness
Exchange
Impression management
Whether your boss is good or bad, all of the following are true of power except:
Employee do not have power over their manager
Power involves unequal dependence
Power needs a minimum level of trust
Power is based on a perception
Power is the potential to influence someone
In: Operations Management
Hi, can you answer this question in more detail?
Subject: Business Policy and Strategy
The G2000 Group was founded by Michael Tien in 1980 in Hong Kong. The label G2000, first introduced in 1985, was positioned as a specialty clothing chain distributing fashionable men’s and women’s career wear. Today, the G2000 Group is a multi-brand specialty retailer offering an assortment of men’s and women’s apparel and accessories, operating under different labels: G2000 MAN, G2000 WOMAN, G2000 studio, BLAACK and At Twenty.
(2)
As for the situation analysis of G2000 company, it involves the following topics, shows your theoretical understanding, and uses Porter's 5 forces to analyze the external environment for the local market of Hong Kong.
(Words: 700 Don’t direct copy)
In: Operations Management
organizational change essay using the article: changing the change rules at Google, and determine why they were successful in changing their employees behavior in approximately 750 word essay, address the following:
evaluate what happens when change is not managed with an organization and what impact can it have on employees
identify ways change fatigue can b avoided in a organization where innovation and change is constant.
discuss who should be involved in change management strategies to ensure a greater success
In: Operations Management
The arrival of Airbnb to Malaysia has make changes on the short-term vacation rentals, which should be better for Malaysia, and/or is Airbnb killing the Hospitality industry or will eventually kill the industry? Discuss the solutions or recommendations to benefit both Airbnb and Tourism industry in Malaysia
In: Operations Management
Happiness in tourism, from a generalist perspective, focuses on two large interest groups, tourists - who seek worthwhile experiences and provide the maximum satisfaction - and the community that receives them - which is satisfied when there is a balance between the yearnings of the visitor, entrepreneurs, public managers and theirs. Thus, how to align the strategic needs of the tourist destination with those inherent in sustainable development and without harming local happiness? Discuss and give an examples
In: Operations Management
What are a few feasible strategies/recommendations for the firm of GlaxoSmithKline Pharmaceutical company going forward?
In: Operations Management
As part of the settlement for a class action lawsuit, Hoxworth Corporation must provide sufficient cash to make the following annual payments (in thousands of dollars):
Year | 1 | 2 | 3 | 4 | 5 | 6 |
---|---|---|---|---|---|---|
Payment | 195 | 220 | 270 | 320 | 350 | 470 |
The annual payments must be made at the beginning of each year. The judge will approve an amount that, along with earnings on its investment, will cover the annual payments. Investment of the funds will be limited to savings (at 3.5% annually) and government securities, at prices and rates currently quoted in The Wall Street Journal.
Hoxworth wants to develop a plan for making the annual payments by investing in the following securities (par value = $1000). Funds not invested in these securities will be placed in savings.
Security | Current Price | Rate (%) | Years to Maturity |
---|---|---|---|
1 | $1045 | 6.85 | 3 |
2 | $1000 | 5.525 | 4 |
Assume that interest is paid annually. The plan will be submitted to the judge and, if approved, Hoxworth will be required to pay a trustee the amount that will be required to fund the plan.
Let | |
F = total funds required to meet the six years of payments | |
G1 = units of government security 1 | |
G2 = units of government security 2 | |
Si = investment in savings at the beginning of year i |
Min | F | ||||||||
s.t. | |||||||||
______F | + | _____G1 | + | _____G2 | + | _____S1 | = | ______ | |
_____G1 | + | _____G2 | + | _____S1 | + | _____S2 | = | ______ | |
_____G1 | + | _____G2 | + | _____S2 | + | _____S3 | = | ______ | |
_____G1 | + | _____G2 | + | _____S3 | + | _____S4 | = | ______ | |
_____G2 | + | _____S4 | + | _____S5 | = | ______ | |||
_____S5 | + | _____S6 | = | ______ |
Current investment required | $_____ |
Investment in government security 1 | $ _____ |
Investment in government security 2 | $ ____ |
Investment in savings for year 1 | $_____ |
Investment in savings for year 2 | $ _____ |
Investment in savings for year 3 | $ _____ |
Investment in savings for year 4 | $ _____ |
Investment in savings for year 5 | $ _____ |
Investment in savings for year 6 | $ ____ |
Min | F | ||||||||
s.t. | |||||||||
1) | _____F | + | _____G1 | + | _____G2 | + | _____S1 | = | ________ |
2) | ____G1 | + | _____G2 | + | _____S1 | + | _____S2 | = | ________ |
3) | ____G1 | + | _____G2 | + | _____S2 | + | _____S3 | = |
_______ |
4) | ____G1 | + | _____G2 | + | _____S3 | + | _____S4 | = | _______ |
5) | _____G2 | + | _____S4 | + | _____S5 | = | _______ | ||
6) | _____S5 | + | _____S6 | = | _______ | ||||
7) | _____S6 | + | _____S7 | = | _______ |
In: Operations Management
Hello, i need your support to solve below task,,
Briefly explain the term agency costs as related to a corporation. Here you have to explain what are agency costs and why do they arise and how do they affect the value of a firm.
In: Operations Management
With its highly coveted line of consumer electronics, Apple has
a cult following among loyal consumers. During the 2014 holiday
season, 74.5 million iPhones were sold. Demand like this meant that
Apple was in line to make over $52 billion in profits in 2015, the
largestannual profit ever generated from a company’s operations.
Despite its consistent financial performance year over year,
Apple’s robust profit margin
hides a more complicated set of business ethics. Similar to many
products sold
in the U.S., Apple does not manufacture most its goods
domestically. Most of
the component sourcing and factory production is done overseas in
conditions
that critics have argued are dangerous to workers and harmful to
the
environment.
For example, tin is a major component in Apple’s products and much
of it is sourced in Indonesia. Although there are mines that
source tin ethically, there are also many that do not. One study
found
workers—many of them children—working in unsafe conditions, digging
tin out by
hand in mines prone to landslides that could bury workers alive.
About 70% of
the tin used in electronic devices such as smartphones and tablets
comes from
these more dangerous, small-scale mines. An investigation by the
BBC revealed
how perilous these working conditions can be. In interviews with
miners, a
12-year-old working at the bottom of a 70-foot cliff of sand said:
“I worry
about landslides. The earth slipping from up there to the bottom.
It could
happen.”
Apple defends its practices by saying it only has so much control
over monitoring and regulating its component sources. The
company justifies its sourcing practices by saying that it is a
complex
process, with tens of thousands of miners selling tin, many of them
through
middle-men. In a statement to the BBC, Apple said “the simplest
course of
action would be for Apple to unilaterally refuse any tin from
Indonesian mines.
That would be easy for us to do and would certainly shield us from
criticism.
But that would also be the lazy and cowardly path, since it would
do nothing to
improve the situation. We have chosen to stay engaged and attempt
to drive
changes on the ground.”
In an effort for greater transparency, Apple has released annual
reports detailing their work with suppliers and labour
practices. While more recent investigations have shown some
improvements to
suppliers’ working conditions, Apple continues to face criticism as
consumer
demand for iPhones and other products continues to grow.
a. While it may be a good business move for Apple to be
seen trying to improve working
conditions in its supply chain, does Apple have an ethical
responsibility to
ensure labour practices among its suppliers meets a reasonable
standard? Answer this question by providing a normative
claim concerning the responsibility businesses have for ensuring it
is not
benefiting from dangerous or exploitative labour practices (It can
be a
principle in support of responsibility or against such a
responsibility). Which of the four basic moral values or
principles are you implying in your normative claim?
b. Now present an opposing normative claim to yours and state which of the four basic normative values or principles it implies.
c. Give a reason why your normative claim should be
accepted instead of the opposing
normative claim.
In: Operations Management
In: Operations Management
Kelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a catcher’s model. The firm has 900 hours of production time available in its cutting and sewing department, 300 hours available in its finishing department, and 100 hours available in its packaging and shipping department. The production time requirements and the profit contribution per glove are given in the following table:
Production Time (hours)
Model Cutting and Sewing
Finishing Packaging and
Shipping Profit/Glove
Regular model 1 1/2 1/8 $5
Catcher's model 3/2 1/3 1/4 $8
Assuming that the company is interested in maximizing the total profit contribution, answer the following:
a. What is the linear programming model for this problem?
b. Find the optimal solution using the graphical solution procedure. How many gloves of each model should Kelson manufacture?
c. What is the total profit contribution Kelson can earn with the given production quantities?
d. How many hours of production time will be scheduled in each department?
e. What is the slack time in each department?
In: Operations Management
1) Which of the following types of process maps is most useful for identifying and quantifying wastes in a process flow?
a. |
Swim Lane Flowchart |
|
b. |
Value Stream Map |
|
c. |
Cause-and-Effect Process Map |
|
d. |
Spaghetti Diagram |
2) Which of the following are the roles of a team member in Toyota's organization? Choose all that apply.
a. |
Meet production goals |
|
b. |
Support problem-solving small group activities |
|
c. |
Perform routine minor maintenance |
|
d. |
Hoshin planning |
|
e. |
Maintain 5S in their area |
3)The [A] is a tool for working with ideas that helps to organize facts, opinions and issues into natural groups to help find themes or diagnose a complex issue.
__________
4) Under quality function deployment, all operations of a company are driven by the voice of the customer rather than by edicts of top management or by the specification established by design engineering.
True
False
In: Operations Management