First, do some research on the following companies: ArcelorMittal and Dyson! · After you have familiarized yourself with them, compare-
The foreign market entry strategy of the two companies, The growth path of the two companies
- The key elements/crossroads in their history, The strategies driving the two companies ·
Now investigate these entry modes/ways of internationalization: Franchising, Subcontracting, Licencing, Exporting, Management contracts, Alliances, FDI, Project operations ·
Now prioritize them together according to the risk and return! Which of these entry modes are used by Apple company? Find company/case examples for each!
In: Operations Management
Suppose that a firm can produce a part it uses for $500 per unit, with a fixed cost of $12,000. The company has been offered a contract from a supplier that allows it to purchase the part at a cost of $510 per unit, which includes transportation. The key outputs in the model are the difference in these costs and the decision that results in the lower cost. Assume that the production volume is uncertain. Suppose the manufacturer has enough data and information to estimate that the production volume will be normally distributed with a mean of 1,200 and a standard deviation of 85. Use a 100-trial Monte Carlo simulation to find the average cost difference and percent of trials that result in manufacturing or outsourcing as the best decision. (Your data table should show both the cost difference and decision for each trial.)
Note: Please include Excel worksheet with all the details with your answer.
In: Operations Management
Describe vividly breakeven analysis and explain what a breakeven point is. Identify and explain at least 4 non-store retailing businesses. What advantages may non-store retailers have over store retailers?
In: Operations Management
Thumbs Up Will Be Given For Answer.
A) Discuss some of the actions that managers may engage in to erode shareholder value.
B) What are some of the advantages and disadvantages associated with a firm’s expansion into international markets?
In: Operations Management
In: Operations Management
Eight Flags operates several amusement parks in the Midwest. The company stocks machine oil to service the machinery for the many rides at the parks. Eight Flags needs 30,000 gallons (D) of oil annually; the parks operate 50 weeks a year. Management is unsatisfied with the current supplier of oil and has obtained two bids from other suppliers. The data are contained in the following table.
Annual Freight Costs |
|||||||
Shipping Quantity (Q) |
|||||||
Supplier |
5,000 |
10,000 |
15,000 |
Price/Unit (p) |
Annual Holding Cost/Unit (H) |
Lead Time (L) (wks) |
Annual Administrative Cost |
Sharps |
$5,000 |
$3,600 |
$3,300 |
$3.70 |
$0.74 |
5 |
$5,000 |
Winkler |
$5,600 |
$4,100 |
$3,600 |
$3.90 |
$0.78 |
3 |
$4,000 |
Which supplier and which shipping quantity will provide the lowest costs for Eight Flags?
Using ______ and a shipping quantity of ______ is the lowest cost alternative, with annual total costs to Eight Flags of $__________ .
In: Operations Management
What could be some examples a clothing business could use forecasting in the following categories: -Technological forecasts-rates of technological change
-economic forecasts-predicting changes of business cycles
-business forecasts-predicting demand
Thank you in advance!
In: Operations Management
Retailing Management: chapter 15 question 6 DQP
What are the advantages and disadvantages of the different forms of compensation programs described in this chapter? Considering the disadvantages only, how can department managers lessen the effects of the disadvantages?
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Develop a comprehensive Code of Ethics that you feel should be adopted throughout this nation. How should the USA as a country operate?
In: Operations Management
Choose an organisation and a particular decision situation due to the current Pandemic.
Give examples using this context, of each step in the decision-making process(1. Clarify the decision problem, 2. Specify the criterion, 3. Identify the alternatives, 4. Develop a decision model, 5. Collect the data and 6. Select an alternative). This should include a summary of the nature and history of the company, Background elements of the decision selected and what circumstances have resulted in the decision needing to be made, he possible effects of the selected decision, if implemented and use of Quantitative data.
In: Operations Management
2. Take a position, either pro or con, on Christie's decision to kill the ARC. Develop arguments to support your point of view.
3. In your opinion, how clearly must a large infrastructure project like ARC have determined its need, costs, and so forth before being approved? If the criteria are too stringent, what is the implication for future projects of this type? Would any ever be built?
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Marketing question
The Coronavirus pandemic is taking a heavy toll on businesses. Referring to Chapter 2, how should businesses respond to their strategic marketing planning for both short-term and long-term?
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Explain how small executive functions (updating, flexibility, and inhibition) contributes/influences large executive function (reasoning, problem-solving, planning)?
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You and two other coworkers work in the design department for Fun Inc, a company that produces high quality toys for kids. During the process of finalizing the design for a new toy, the other two coworkers begin having negative conflict as they try to finalize the design of the new toy before an imminent deadline. One team member insists on making the toy with maximum quality and the other is focused on making the toy at the lowest cost. One of the team members is getting frustrated and feels that the team should be making better progress. The team member asks you for suggestion. What would you suggest the team to do in order to be more effective?
Discussion Questions
1. What type of conflict is the team experiencing in this scenario?
2. Using the conflicting resolution styles listed on p.8 of the Powerpoint, which approach would you use to address this situation? Why?
In: Operations Management
this is for English 4
In: Operations Management