Why is cargo insurance is a challenge?
In: Operations Management
CASE STUDY
The recent outbreak of novel coronavirus (COVID-19) has introduced new challenges to the business environment. It is also having an impact on the global economy with tourism, aviation, education and hospitality the initially hardest hit industries. Almost all global supply-chains are affected at some level. Realistically, many sectors will be affected to different degrees, with many organizations implementing policies to limit employee travel and to prepare employees to work from home if necessary and if possible, to ensure the safety of their employees. The outbreak is moving quickly, and most countries are trying to respond quickly to contain the impact. However, the spread of the virus may continue through 2020 and impact the operations of many industries for months to come.
Taking Arab Open University as an example,
Question 2 - Maximum 800 words (+/-10%).
Critically analyze the main paradoxes that could face the university in managing required organizational change? Then explain why might the university not change after such global crises?
In: Operations Management
Principles of Management
Review the various roles and competency models for being an effective change leader. Which type of leadership image or style do you proscribe for your model? Does it depend on the context and the kind of change you want to effect? What competencies, behaviors, attitudes and characteristics would your change leader possess?
In: Operations Management
Instructions: Need proper and complete answer (containing minimum 500 words) for following question related to 'Principles of Marketing'. Please include an additional listing of any references or supplemental materials used. Feel free to use whichever reference style you prefer. If you reference information from the Web or from any other sources (e.g., journal articles, library books, textbook), make sure that you do not copy the material verbatim (i.e., copied exactly from the original word for word). You should paraphrase (i.e., write in your own words) the information.
Question: Analyze a consumer or business product or service. To what segment(s) of consumers/businesses do you think it is targeted? Discuss the positioning of the product or service relative to competitors. How successful or unsuccessful has this positioning been? Would you suggest an alternative positioning or a repositioning? Why or why not? Identify any niches that might lend themselves to new products or services in the same category..
In: Operations Management
Demand for oil changes at Garcia's Garage has been as follows:
Month |
Number of Oil Changes |
January |
33 |
February |
53 |
March |
56 |
April |
58 |
May |
69 |
June |
46 |
July |
62 |
August |
69 |
a. Use simple linear regression analysis to develop a forecasting model for monthly demand. In this application, the dependent variable, Y, is monthly demand and the independent variable, X, is the month. For January, let X=1; for February, let X=2; and so on.
The forecasting model is given by the equation Y =4 0.86 +3.31X.
(Enter your responses rounded to two decimal places.)
b. Use the model to forecast demand for September, October, and November. Here,
X=9, 10, and 11, respectively. (Enter your responses rounded to two decimal places.)
Month |
Forecast for the number of Oil Changes |
September |
|
October |
|
November |
In: Operations Management
In response to a growing awareness of gluten allergies, Carla Vista Bakery tried using gluten-free flour in its three most popular cookies. After several attempts and a lot of inedible cookies, the company perfected new recipes that yield delicious gluten-free cookies. The costs of producing a batch of 100 cookies are as follows:
Chocolate Chip |
Sugar |
Oatmeal Raisin |
||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales price | $129.20 | $111.00 | $131.60 | |||||||||
Variable cost | $80 | $63 | $89 | |||||||||
Fixed cost | 19 | 16 | 19 | |||||||||
Total cost | 99.00 | 79.00 | 108.00 | |||||||||
Gross profit | $30.20 | $32.00 | $23.60 | |||||||||
Pounds of flour | 2 | 2 | 1.5 |
Assuming no raw material constraints and unlimited demand for cookies, calculate contribution margin per batch for Chocolate Chip, Sugar, Oatmeal Raisin cookies. (Round answers to 2 decimal places, e.g. 52.75.)
Cookies | Contribution Margin | |
---|---|---|
Chocolate Chip | $Enter a dollar amount rounded to 2 decimal places | |
Sugar | $Enter a dollar amount rounded to 2 decimal places | |
Oatmeal Raisin | $Enter a dollar amount rounded to 2 decimal places |
What type of cookie would maximize the company’s contribution
margin?
Select a type of cookie SugarChocolate ChipOatmeal Raisin |
Assume that, based on typical customer demand, Carla Vista will sell 12,700 batches of chocolate chip cookies, 8,700 batches of sugar cookies, and 10,700 batches of oatmeal raisin cookies. What will the company’s contribution margin be?
The company’s contribution margin | $Enter the company’s contribution margin in dollars |
Carla Vista’s flour supplier has announced a shortage of
gluten-free flour. As a result, Carla Vista will only be able to
purchase 41,450 pounds of flour.
How many batches of each type of cookie should the company
bake?
Batches | ||
---|---|---|
Chocolate Chip | Enter a number of batches | |
Sugar | Enter a number of batches | |
Oatmeal Raisin | Enter a number of batches |
What will the company’s contribution margin be?
The company’s contribution margin | $Enter the company’s contribution margin in dollars |
If Carla Vista uses gluten-free flour in other products, will the allocation you recommend in part (c) change?
Select an option NoYes |
In: Operations Management
Define critical success factors (CSFs) and key performance indicators (KPI) Explain how managers use them to measure the success of MIS projects. and some examples about (Sabic) company for critical success factors and key performance indicators (900 wards)
In: Operations Management
In: Operations Management
Question 1 (30 marks, maximum 300 words)
When a business expands its operation into other countries, the impact of globalization on human resource development and management is significant.
In: Operations Management
in the retail sector, there are alternatives way in
which products can be reach their market.
compare the aspects of a business to consumer distribution channel
to those of business to business distribution channel. provide
relevant examples to support your discussion
In: Operations Management
In recent years, two nationally known health care providers established satellite facilities a great distance from their main clinic locations:
Mayo Clinic: The Mayo Clinic, of Rochester, Minnesota, opened facilities in Arizona, Florida, Iowa, Wisconsin and Minnesota as well as Mexico City.
Cleveland Clinic: The Cleveland Clinic also opened a Brain Institute in Nevada, a facility in Florida, and a hospital in Abu Dhabi.
Define the three levels of distribution intensity. Explain and assess the changes in distribution intensity these actions by the two clinics represent.
In: Operations Management
The purchasing manager of a local company is considering three sources of supply specially coated containers. Supplier A offers any quantity of container for $150 each. Supplier B offers in lots of 150or more at a price of $125 each. Supplier C offers containers in lots of 250 or more at a price of $100 each. The company requires 1,500 containers per annum.Ordering costs have been estimated at $400 per order, while carrying cost are 40% of unit price. Which supplier should be given the contract to supply the container?
In: Operations Management
CANADIAN ATLANTIC AND INTERNATIONAL BANK
Mary Keddy, Senior Vice-President HR, was facing Michael Bennett, the bank’s CEO, in his office. He had called her to an urgent meeting regarding the bank’s benefit expenses. He showed her some figures he had received from the Internal Auditor. The data indicated that the bank’s benefit expenses had reached almost 40 percent of the bank’s payroll. He also produced benchmark data from a survey, which showed that the industry average was close to 30 percent. “Why is it our benefit expenses are so much higher than those of our competitors?” he asked.
Mary pointed out that the data had assessed the financial services industry, not just banks, and that the industry included some trust companies with much lower benefit levels than banks—which, by and large, had benefit expenses similar to those of the CAIB—although the CAIB certainly occupied the high end of the scale.
Mr. Bennett wondered whether these expenses were really justified. “Where is the payoff?” he asked. Mary had no problems defending the bank’s benefit outlays. She pointed out that the CAIB had the lowest turnover rate among banks, 2 percent lower than any other, and that every employee attitude survey showed that the CAIB staff felt the bank to be a very good place to work and that job satisfaction was high. She also mentioned that the bank had no difficulties attracting top-flight applicants. She was convinced that the bank’s generous benefit package contributed significantly to this level of satisfaction. She concluded her explanation by saying: “Mike, look at the level of customer satisfaction. We beat out every other bank on this measure. I am sure the reason is that happy employees mean happy customers. And there is the main payoff.”
Bennett appreciated Mary’s explanation. He always had been proud when he saw the results of internal surveys. There was no doubt that people liked to work for the CAIB. “Still,” he wondered, “are there ways to cut the expenses without doing too much damage to employee satisfaction?” Mary agreed to look into that matter and to make suggestions regarding more efficient methods of delivering benefit services. She had heard and read about the use of the intranet and the Internet as more effective ways to administer benefit plans, but felt that she did not know enough about it to come up with convincing recommendations. It was obvious that she needed some expert advice.
ADDITIONAL INFORMATION
The last time a benefit audit had been done was seven years ago—a year before Mary joined the bank. Ever since her arrival, Mary had been too busy introducing strategic changes in areas such as selection, diversity management, and training. In the past five years, the bank had also acquired several other financial institutions and expanded into other countries. But the need for a benefit audit had been on her mind for some time.
The bank’s flexible benefit package included, besides the usual supplementary health and life insurances, child care, elder care, a drug payment plan, wellness programs (the bank had its own exercise centre), personal counselling service (drugs, alcohol, smoking cessation), educational support, and financial advising. It was also possible to purchase more vacation time. There were three full-time employees responsible for administering the flexible benefit package. The administration expenses, including communication, were close to $300,000 annually. The bank used a quite-effective intranet mainly for training and public announcements.
DISCUSSION QUESTIONS
1. |
Use Web research to find arguments for and against using the Internet and the bank’s intranet for the administration and delivery of its benefit services. |
2. |
Is outsourcing benefit administration advisable? Why? What criteria should be used in making the decision? |
3. |
If Mary asks for a benefit audit, what would the auditor look at? |
In: Operations Management
ETHICS 301 - Business ethics
In: Operations Management
Read the following quote attributed to Sun Tzu:
“When the enemy is relaxed, make them toil. When full, starve them. When settled, make them move.”
In approximately 500 words, explain the meaning of these three sentences in terms of change and strategy.
In: Operations Management