With these topics "Choosing Innovation Projects" and "Collaboration Strategies" and answer the following questions:
1. Why might a firm want to consider quantitative and
qualitative assessments of a project? Can you cite and
example?
NOTE: Please cite it also give an example.
2. When, in the course of establishing a strategic firm's direction, would you consider going Solo- as opposed to a collaborative effort? Can you Do both?
In: Operations Management
5. outsourcing will work well with complex technological innovation development.
True
False
6. outsourcing components of a firm's specialized products is a good idea.
True
False
7. once supplier management has been set up the supplier can basically self-manage and report periodically back to the firm.
True
False
8. dominant design transforms competition in the product class.
True
False
In: Operations Management
From your observation at your own residential area or your accommodation buildings, identify the current building features that need to be changed or to be constructed new in order to conform to Green Building Index. The features should include the following GBI criteria, i.e. Energy Efficiency (EE), Indoor Environment Quality (EQ), Sustainable Site Planning & MANAGEMENT (SM), Materials & Resources (MR), Water Efficiency (WE), Innovation (IN).
In: Civil Engineering
a)Explore how we can enhance productivity, and increase
innovation while considering employee wellbeing. You must address
the challenges of bias and prejudice on achieving the most
effective outcomes.
b)Discuss how decision making may well be influenced by a number of
internal or external environmental factors impacting a
business.
c)Discuss what role responsible, ethical management plays in this
and whether it is important for the success of the business.
In: Operations Management
How you would bring a team together and lead them to start this initiative. The tools that you have used in the course Fostering a Culture of Innovation for (design thinking, creative-thinking styles, etc.) to get your team to leave its comfort zone and begin to generate potential ideas. Explain how the thinking style diversity or lack thereof of your team could potentially help or impede the plan.
In: Operations Management
Using the seven primary characteristics that capture an organization’s culture, list each and what you see Macomb Community College doing in each from a student view, to create the organization’s culture. Please be sure to give examples. and these the characteristics.
1- Innovation and risk taking, 2- Attention to detail, 3- Outcome orientation, 4- People orientation, 5- Team orientation, 6- Aggressiveness, 7- Stability,
In: Operations Management
While examining the 2019 financial statements of Warder Corporation, you found evidence that the following were not included in its current liabilities on the December 31, 2019, balance sheet:
Discuss the assumptions needed for Warder to correctly exclude the previously mentioned items from current liabilities as of December 31, 2019. The balance sheet was issued on March 3, 2020.
In: Accounting
Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows:
| Current Year | Previous Year | |||
| Sales | $408,000 | $367,000 | ||
| Cost of goods sold | 265,200 | 220,200 | ||
| Selling expenses | 57,120 | 58,720 | ||
| Administrative expenses | 61,200 | 51,380 | ||
| Income tax expense | 8,160 | 14,680 | ||
a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as positive numbers.
| Innovation Quarter Inc. | ||||
| Comparative Income Statement | ||||
| For the Years Ended December 31 | ||||
| Current year Amount | Current year Percent | Previous year Amount | Previous year Percent | |
| Sales | $408,000 | % | $367,000 | % |
| Cost of goods sold | 265,200 | % | 220,200 | % |
| $ | % | $ | % | |
| Selling expenses | 57,120 | % | 58,720 | % |
| Administrative expenses | 61,200 | % | 51,380 | % |
| $ | % | $ | % | |
| % | % | |||
| Income tax expense | 8,160 | % | 14,680 | % |
| $ | % | $ | % | |
b. The vertical analysis indicates that the cost of goods sold as a percent of sales by 5 percentage points, while selling expenses by 2 percentage points, and administrative expenses by 1 percentage points. Thus, net income as a percent of sales by 2 percentage points.
In: Accounting
Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows:
| Current Year | Previous Year | |||
| Sales | $381,000 | $328,000 | ||
| Cost of goods sold | 220,980 | 173,840 | ||
| Selling expenses | 64,770 | 62,320 | ||
| Administrative expenses | 68,580 | 55,760 | ||
| Income tax expense | 11,430 | 13,120 | ||
a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as positive numbers.
| Innovation Quarter Inc. | ||||
| Comparative Income Statement | ||||
| For the Years Ended December 31 | ||||
| Current year Amount | Current year Percent | Previous year Amount | Previous year Percent | |
| Sales | $381,000 | % | $328,000 | % |
| Cost of goods sold | 220,980 | % | 173,840 | % |
| $ | % | $ | % | |
| Selling expenses | 64,770 | % | 62,320 | % |
| Administrative expenses | 68,580 | % | 55,760 | % |
| $ | % | $ | % | |
| % | % | |||
| Income tax expense | 11,430 | % | 13,120 | % |
| $ | % | $ | % | |
b. The vertical analysis indicates that the cost of goods sold as a percent of sales by 5 percentage points, while selling expenses by 2 percentage points, and administrative expenses by 1 percentage points. Thus, net income as a percent of sales by 3 percentage points.
In: Accounting
Clifford Delivery Company purchased a new delivery truck for $72,000 on April 1, 2019. The truck is expected to have a service life of 5 years or 90,000 miles and a residual value of $3,000. The truck was driven 8,000 miles in 2019 and 20,000 miles in 2020. Clifford computes depreciation expenses to the nearest whole month.
Required:
| 2019 | $ |
| 2020 | $ |
| 2019 | $ |
| 2020 | $ |
| 2019 | $ |
| 2020 | $ |
| 2019 | $ |
| 2020 | $ |
| 2019 | $ |
| 2020 | $ |
| 2019 | $ |
| 2020 | $ |
| 2019 | $ |
| 2020 | $ |
| 2019 | $ |
| 2020 | $ |
In: Accounting