...reasons for maintaining his operations in this location has been the good supply of quality timber. However, a new competitor entered the market offering the same quality products at a fraction of the price Guillermo was charging. This was possible because of the heavy reliance on high-tech mechanization that the new supplier employed. To further complicate things for Guillermo was the entry into the city of a large retailer, a sudden explosion of workers resulting in a substantial increase in the cost of labor. All things had a negative effect on Guillermo’s bottom line. Discussion: The essence of any business operation is to maximize profits. This is only achieved when the business is able to meet its recurring costs and have a surplus available for reinvestment or payment as dividends to the owners. Guillermo’s case requires a critical investigation into the business operations to determine available to him. Given the current situation, Guillermo has three very viable options to consider. He could either maintain the present business model and continue operations as currently constituted, or adopt a new business model by embracing high technology and thus investing in highly automated machines similar to what the competitor is using or change his operations and instead become a broker to one of the big competitors who is looking for an entry point into the North American market. In business, a sensitivity analysis is a business interrogative technique that...
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...COURSE NAME: ADVANCED OPERATIONS MANAGEMENT COURSE NUMBER: OMGT 701 CASE STUDY OUTLINE This case study is worth 25% of your final mark, and aims at providing you with practical insights about Supply Chain and Business Operations Management. Students are required to form teams consisting of no more than four members. Students should contact enterprises of their choice and obtain pertinent information about different challenges the enterprise in facing. In this respect, they should ask for some interviews accommodation with members of the management team and require their assistance and clarification in understanding the overall business operation processes. A report on their project findings, about 20 pages in length, should be released to the teacher by April 9, 2015, 10:30. Penalties of 10 points per day lateness for not meeting this deadline will be applied. The text of the report should be double-spaced, while suggested font size: 12. The report should contain the following elements: - a table of contents - an overview of the goods and/or services offered by your business unit of choice - a brief analysis of the enterprise mission statement - a description of the main products competitive strategies used - a description of the enterprise organizational structure - a description of the main product processes used - a description of the enterprise concern about quality management strategies with respect to both processes and...
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...Date Business operations Introduction Businesses can expand and originate from various entity types. Limited or general partnerships, corporation, sole proprietorship, nonprofit organizations, Limited Liability Company (LLC), and Limited Liability Partnership (LLP) may be a few examples of the styles available for business shareholders and owners to choose from in order to carry out their business operations. Each and every style may have its own gains and setbacks as regards taxation, liability and government regulations and laws. In a bid to answer your question, I might have to make use of two different business examples which comprise of different operation styles and guidelines. The two businesses include a bar business and professional practice and may be detailed on the basis of basic requirements necessary for successful business formation. I would also be keen at outlining the entity choice for each of these businesses as a way of providing advantages over the other. A detailed explanation of how each of the two scenarios controls the taxation, liability and business issues would also be in order. To add on that, the regulations, laws and potential risks that may be involved in every business style may be identified. Bar business The best business entity choice for Miriam, Lou and Jose in their business operation could be forming a Limited Partnership. Jose and Lou would then perform the role of general partners hence manage the operations of the business on a...
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...INTRODUCTION TO BUSINESS OPERATIONS 1. WHAT IS DIFFERENCE BETWEEN EFFICIENCY AND EFFECTIVENESS IN OPERATION? What is Efficiency? Efficiency is the amount of resources used by a business per result unit. It used to measure savings for reaching a company’s goals. Efficiency in operation focuses more on the internal aspect of the company it describes the percentage of possible output that is actually achieved. Efficiency helps organisation performances by increasing productivity when organisations increase in productivity is shows that the businesses are properly managing their business resources. There are different types of productivity which are total productivity which equals its total output/ total input and the partial productivity which equals its total output/its unit of a single resource used. It is also divided into four main types which are the equipment productivity which is the number of units per machine hour/miles flown per aeroplane. The labour productivity which is number of units made per person/tonnes produces per shift and orders shipped per hour worked. The capital productivity is the number of units made for each pound of investments over the sales per unit capital and then the energy productivity is the number of units made per electricity. Also productivity can also be measured through the increase in workers as well labour, also through in the increase of machinery and materials and all of this measure of efficiency to meet company aims and goals...
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...All businesses have their own way of doing things. They all have their own strengths, weaknesses, structures, procedures, opportunities, and hindrances. At the end of the day, a business has to do what works for them. Our company is known as a comprehensive financial planning firm with a focus on the elderly population. We concentration on Tax, investment and Legal Planning with estate and elder law and elder care health issues. Our goal is to make sure our clients not only enjoy their retirement but stay in retirement. The company principals are to provide exceptional customer service with dignity to our clients. We provide this element of service by starting the relationship with our clients by focusing on what their life goals are. We feel that by helping better define their goals and what steps need to be taken to accomplish them, it brings purpose to their investments, assets and lifetime of hard work, which goes beyond just the idea of growing your money with no end in mind or purpose. We also strive to find creative ways to give back to our communities we live and work in. We feel it is our responsibility to give back to the communities that support us and assist the less fortunate. We have tried to focus a lot of our marketing towards giving to charities and helping our clients give towards causes that are close to their hearts. During the year we have chosen certain causes to donate towards as our clients will give us a referral or donate a percentage of sales...
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...Business Operation: An operational plan is an essential component to a business plan because it tells the reviewer how you plan to get your product/service out to market. All businesses need plans of operation with definitive time lines to accomplish goals and deadlines for reaching those goals. It should involve tracking the progress of sales, the development of employees and profits. It must be flexible. You create a business operational plan by defining several major goals that should be met within the next three years. Write a list of short-term goals needed to support each long-term goal, and then break the plan of action for each large goal into daily, weekly and monthly tasks. Assign these tasks to specific employees and document all the obstacles impeding the process of reaching long-term business goals. Designate time frames for every short-term and long-term goal. Notice what is working and what is not working. Then write an accountability system into the operational plan. Finally Review all business activities and profits you expect for every quarter. Describing your Business In order to prevent your executive summary from being too long, and to give readers more detail on what your business actually does, you'll want to include a business description section in your business plan. You probably spend most of your waking hours (and some of your sleeping hours) thinking about your business. You understand what you do, how you do it and why you do it better than...
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...entire facility, located in the suburbs of Mexico City, and had met many people in various areas of the operation. Mexicana, a subsidiary of Westover Wire Works, a Texas firm, is a medium-sized producer of wire windings used in making electrical transformers. Carlos Alverez, the production control manager, described the windings to Garcia as being of standardized design. Garcia’s tour of the plant, laid out by process type (see Figure 7.20), followed the manufacturing sequence for the windings: drawing, extrusion, winding, inspection, and packaging. After inspection, good product is packaged and sent to finished product storage; defective product is stored separately until it can be reworked. On March 8, Vivian Espania, Mexicana’s general manager, stopped by Garcia’s office and asked him to attend a staff meeting at 1:00 P.M. “Let’s get started with the business at hand,” Vivian said, opening the meeting. “You all have met Ron Garcia, our new management trainee. Ron studied operations management in his MBA program in southern California, so I think he is competent to help us with a problem we have been discussing for a long time without resolution. I’m sure that each of you on my staff will give Ron your full cooperation.” Vivian turned to José Arroyo, production control manager. “José, why don’t you describe the problem we are facing?” “Well,” José said, “business is very good right now. We are booking more orders than we can fill. We will have some new equipment on...
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...The Low Dollar Purchase (LDP) System provides an efficient distributed procurement method for non-repetitively purchased lower dollar value goods and services where other methods (e.g., Corporate Purchasing Card System, Preferred Supplier Agreements, and Standing Purchase Orders) are not suitable. 2. Discuss the advantages and disadvantages of a procurement card system Advantages/Pros: A major benefit from using procurement cards is reduced purchasing transactions costs. A pre-procurement card study of transactions costs for items that did not have an established contract revealed an average transactions cost of $150. This includes the cost to requisition, place, receive and inspect, and process payment through accounts payable. A study after initiating procurement cards revealed an average transactions cost of $50, which includes user time for reconciliation. Furthermore, users appear satisfied with the procurement card system. Before full-scale launching of the card, purchasing conducted a six-month trial program with 300 users. After the trial period, purchasing surveyed these users concerning their satisfaction with the card program. More than 75 percent were positive about the procurement card program. Negative comments came from high- volume transaction users who were not prepared or organized to do a monthly reconciliation. Although PPL has currently issued over a thousand procurement cards, current...
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...What you do not know about the beliefs of Jehovah’s Witnesses? Abstract Jehovah’s Witness (JW); who are they, what do Jehovah Witnesses represent, why do JW’s not celebrate birthdays, why do JW’s refuse blood transfusions? Many questions arise surrounding the Jehovah Witness beliefs and views on life which bring many misconceptions to people whom are not affiliated to Jehovah Witnesses. This report explores the beliefs, views, misconceptions and relationship of Jehovah Witness practices which I identified during the attendance of a Jehovah’s Witness meeting (which is commonly known in Baptist religious as Sunday service) as well as thorough research around JW’s practices which was conducted before the attendance of the JW meeting. Jehovah‘s Witnesses are followers of a Christian based religious movement. The denomination was founded in the USA towards the end of the 19th century, under the leadership of Charles Taze Russell. The headquarters of the movement is in New York. There are about 6.9 million active witnesses in 235 countries, including 1 million in the USA and 130,000 in the UK (bbc.com). Members of the JW practice are probably best known for their door to door evangelical work; witnessing from house to house, offering bible literature and recruiting and converting people to the truth. Jehovah Witnesses are highly motivated people and known for proselytizing the religion to people of other religions. Although the religion is Christian based, JW’s believe traditional...
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...GLOBAL BUSINSESS OPERATION ADEGBENRO ELEWADE MIB 34- 130226 INDIVIDUAL ASSIGNMENT QUESTION- You have been employed as a business consultant to advise a company manufacturing smart phones who wishes to explore the potential of doing business in one Latin American emerging market. You must produce a report that identifies the key issues that the company will face in your chosen market and secondly offer expert advice to attain business success in that market. CONTENTS- 1. Introduction. 2. View of Brazil’s economy. 3. Brazil as a BRICS Economy. 4. Market for smart phones in Brazil. 5. Using the porter’s five forces to analyse the market for smart phones in Brazil. 6. Competitors existing in the market. 7. How to enter the market. 8. Constraints to success for the company (using PESTLE model). 9. How to achieve a sustainable competitive advantage. 1. INTRODUCTION The Cost (this involves the legal cost, corruption, lack of infrastructure), Benefits (size of the economy or economy growth),Risk (political-social unrest, economic mis-management) analysis has been used to analyse the favourable emerging market in Latin America which is Brazil. The main reasons for choosing this market will discussed in details. 2. OVERVIEW OF BRAZIL’S ECONOMY The chosen market is BRAZIL which is an emerging market and also the largest of the Latin American nations and the second largest in the western hemisphere with...
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...INTRODUCTION AND BUSINESS DESCRIPTION 2.1 INTRODUCTION Fast food restaurant, also known as a quick service restaurant (QSR) within the industry itself, is a specific type of restaurant characterized both by its fast food cuisine and by minimal table service. Food served in fast food restaurants typically caters to a " meat-sweet diet" and is offered from a limited menu; is cooked in bulk in advance and kept hot; is finished and packaged to order; and is usually available ready to take away, though seating may be provided. Fast food restaurants are usually part of a restaurant chain or franchise operation, which provisions standardized ingredients and/or partially prepared foods and supplies to each restaurant through controlled supply channels. Arguably the first fast food restaurants originated in the United States with A&W in 1916 and White Castle in 1921. . Today, Filipino-founded fast food chains such as Jollibee, McDonalds, KFC which are multinational corporations with outlets across the globe. Modern commercial fast food is highly processed and prepared on a large scale from bulk ingredients using standardized cooking and production methods and equipment. It is usually rapidly served in cartons or bags or in a plastic wrapping, in a fashion which reduces operating costs by allowing rapid product identification and counting, promoting longer holding time, avoiding transfer of bacteria, and facilitating order fulfillment. In most fast food operations, menu items are generally...
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...Royal Business College Determine Market Segmentation, Targeting and Positioning Decisions Unit 2934 Version 4 | Level 6 | Credits 10 Year 2015 National Diploma in Business Level Name: Lucy ID: A1234 Table of Contents | Page | 1. Introduction | 3 | 1.1 Introduction to market segmentation | 3 | 1.2 Background of the Case Study | 3 | 1.3 The company Marketing Objectives | 4 | 1.4 The benefits that company receive by segmenting the market | 4 | 1.5 Brand Name of the soft drink | 4 | 2. Part one: Potential Market Segmentation Assessment | 4 | 2.1 Resource implications | 4 | 2.2 Understanding and meeting customer needs | 5 | 2.3 Identification of the competitor activities | 5 | 2.4 Evaluation of market performance | 6 | 2.5 Segment viability and attractiveness | 6 | 2.6 Any other implications directly relevant to the company | 6 | 3. Part two; Apply Market segmentation Processes | 7 | 3.1 Identify potential market segments | 7 | 3.1.1 Geographic | 7 | 3.1.2Demographic | 7 | 3.1.3Psychographic | 8 | 3.1.4 Behavioral Usage | 8 | 4.2 Evaluate the potential of each market segment | 9 | 3.3 Evaluate the potential of each market segment | 10 | 3.3.1 Product usage and potential | 10 | 3.3...
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...The goal of every business is simple, increase customer satisfaction, generate more revenue and maximize profits and every organization tries to get a competitive advantage. Competitive advantage is an advantage that an organization has over its competitors, allowing it to generate more sales or margin’s and retain more customers than its competition. Companies invest their profits in: * Research and development (R & d) to get competitive edge. Research and development plays a very important role in innovation process. In order to introduce a new product or service or to make changes to existing product, investing in R & D is crucial. Needs and expectations of customers change from time to time. For example, we are not using the same Honda car which our parents used 20 years back. We say simply it is old fashioned, we always look for a change and new ones. Proper research is required to introduce changes, if they do not spend on R & D, they lose their market share. * In more productive issues, for expansion, that is expanding product lines, new products, services and new businesses to gain profits. * And in technology, to be more competitive and also as technology makes work easier and faster, and through this companies can increase their sales and make more money. * Reducing costs is also critical for a business to gain competitive advantage: Material cost, which includes Direct labor and direct material have to be reduced to gain competitive...
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...Week 8 Developing Good Business Sense Assignment 67/75 92% A- | Operations and Material Management in Business | | Heidi Belieu | BUS/210 | Robert Shereda | 11/4/2012 | Developing Good Business Sense- Why Do Operating Systems Differ? Many people take the way goods and services are provided to them for granted. They do not think about the nature of the operating system that produces the goods and services they receive. To improve your understanding of how OMM processes work, complete the following assignment. 1. Choose three companies and observe how employees do their tasks. These can be three different fast-food restaurants or three entirely different types of companies, such as a fast-food restaurant, department store, or the emergency room of a hospital. 2. Think about the differences in the operations involved in the input, operations, and output stages of these companies. Try to identify the nature of their operating systems. Are employees organized in different ways? If so, why? If possible, talk to the managers and employees in these operations to further your analysis. 3. What are the main kinds of OMM costs companies have? How does this affect their OMM operations? 4. How do companies design their operating systems to give them a competitive advantage? Operations and Material Management in Business | I will establish the differences in the operations involved in the input, operations, and output stages of three local businesses that I access almost...
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...Running head: MACROECONOMIC IMPACT ON BUSINESS OPERATIONS Macroeconomic Impact on Business Operations Laurie Wilkinson University of Phoenix Macroeconomic Impact on Business Operations The Federal Reserve has the unique ability to control the money supply and stimulate the economy when needed. Any actions of the Federal Reserve can have an impact on macroeconomic factors and the balance in the economy. This paper will discuss the tools used to control the money supply, the effects of monetary policy on macroeconomic factors and the best way to achieve a balance in the combinations of monetary policy. The Federal Reserve has several tools available in order to control the money supply. The Reserve Ratio allows the Fed to raise or lower this ratio to affect the amount of money and ability a bank has to lend. The Open Market Operations is also available, where the Fed can buy or sell government bonds to the public and commercial banks. Depending on which they do this action can either increase the assets on hand or increase the reserves for the banks. Increasing the reserves allows banks to lend more. Finally, the Discount Rate is available to use. The Fed can make short term loans to banks, increasing the amount that the bank can lend out which in turn increases the money supply. If the bank increases the discount rate then banks will not want to borrow as much and it restricts the amount of money they have to lend. Monetary Policy can be looked at as a way the Federal Reserve...
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