...Growth of a Genius in Management My understanding in management deepened with the rise of my age. My charisma in interpersonal relations that can help win instant popularity easily was displayed when I was pupil. Every classmate treated me as their best friend naturally. This situation gave me a good opportunity to get to know everyone’s strength and needs. The ability to gain instant popularity is not human nature, and neither is mine. But my parents set me good example. My father is a business man who told me that keeping honest and smiling is one of the best ways to make customers come back again. And my mother said that keep their secret to others is the guarantee that they will confide to you. Under the impact of these two elements I have become a man who always was the soul of a team without being aware of it. However, it does not mean that I was to please everyone on purpose. The third day I came into junior school I fought with a classmate because he did not like the way I deterred him from loudly talking in the library. It made me realize that the smooth implementation of rules involves a right method. So I adopted a soft style to communicate to the people around me using advises rather than orders. I did not get any experience in management during senior school. Because all the members in this best senior school were study-oriented, no one would break the atmosphere of learning. But when I recall these 3 years time, it still enlightens me. I noticed that we can make...
Words: 815 - Pages: 4
...Singles Young singles have fewer commitments and hence have more leisure time. With that, they tend to travel often, either with their friends or alone. They also have more financial issues and are still high spend. Scoot offers affordable prices and aims for the value seeking. Therefore, with Scoot’s fun brand imaging and cheaper airfares, the young singles would be attracted to fly Scoot. • Young Couples with No Children Scoot’s next target market involves young couples with no children. These group of people have high level of disposable income and enjoys travelling and going out. As they travel more often, they will tend to seek for cheaper long haul airfares. Hence, with Scoot fun brand personality and airfares 40% lower than the normal airfares, this group of people would be enticed to fly with Scoot. • Young/ Middle-Aged Couples with Children This group of people is constantly finding time and effort to bring their children out on a vacation. As such, both parents have to constantly shuffle their work schedule to accommodate to their child’s holiday. However, airfares during the school holidays are always costly and budget airfares do not come with the frills they desire. They want to give their child the best; hence they expect...
Words: 596 - Pages: 3
...Operations Management I 73-331 Winter 2012 Odette School of Business University of Windsor Midterm Exam II Solution Saturday, March 24 Education Building Room ED 1101 Aids Permitted: Calculator, straightedge. Time available: 1 hour 20 min Instructions: 0 This exam has 12 pages including this cover page and excluding 5 pages of formula and table. 1 Please be sure to put your name and student ID number on each odd numbered page. 2 Show your work. 3 State results up to four decimal places. 4 Do not return tables and formula. Grading: Question Marks: 1 /10 2 /15 3 /15 4 /10 5 /15 Total: /65 Question 1: (10 points) Circle the most appropriate answer 1.1 Which of the following is a type I error? a. Process is in-control, but the sample measurement lies outside limit b. Process is out-of-control, but the sample measurements lie within the limit c. Process is in control, and the sample measurements lie within the limit d. Process is out-of-control, and the sample measurement lies outside limit 1.2 Which of the following control charts is the cheapest a. X char b. R chart c. p chart d. 3 sigma chart 1.3 Type II error increases if a. sample size increases c. control limits are narrower d. control limits are wider 1.4 If EF=12 and LF=12 for the same activity, then a. Slack time of the activity is 12 b...
Words: 1582 - Pages: 7
...Samsung Note 4 The Samsung Note is a development of the normal smartphone. A stronger and faster core processor combined with the multitasking feature makes it perfect for use by professionals. The sheer size and processing power makes the note a phone desired by people who know how to use it. Innovation and paving a path to the future is what Samsung desires. The future is near, will you be a part of it? The segmentation strategy used with this particular product, is mostly based on psychographic and socio-cultural analyses. The socio-cultural analyses played a big part in discovering the correct target group for the Samsung Note. By learning about their lifestyles , beliefs and or jobs, Samsung made it possible to form the phablet to the needs and wants of most consumers. Usually a normal smartphone is enough, but for some people, they want something a bit more professional. The Note is a phone mostly used by professionals because of it’s multitasking capabilities and effectiveness. Primarily businesspeople, students and other hardworking consumers purchase the note. Age doesn’t really play a big role. People who know how to use it purchase it and the age differs from 18 to 60. Samsung Galaxy Gear With the new transformed and upgraded smartwatch, people will now be able to pay and send money with just the touch of a finger. But that’s not it! Never get lost any more with the integration of the new and advanced google maps navigation on your Galaxy Gear. Geographic...
Words: 361 - Pages: 2
...key points that the company should follow. Their main purpose was to make textbooks affordable and available for online access to all students and save them paying lots of money for hard copy books. After many professors and college teachers adopted this way of textbook access, it shows how successful their planning is and work on it to make it more convenient. 2. What competitive advantages does Flat World Knowledge possess? Flat World Knowledge possesses many competitive advantages. One of them is the ability to offer a huge variety of textbooks in an online version with unlimited access to all of the students. Doing so will exclude the factor of lack of supply of the textbook at the book store and eliminate waiting time to have the book. In addition, the fact that they are providing these textbooks at a reduced cost from the actual manufacture cost gave FWK a huge advantage against their competitors in the textbook market. 3. What are Flat World Knowledge’s key strengths, weaknesses, opportunities, and threats? Talking about FWK strengths is represented by its easy access, up-to-date revisions, personalized learning strategies and cheap access. With respect to its weakness, we should mention that FWK will no longer have free access to the books online due to the 30 million dollar investment. With respect to the opportunities, students find online access as more convenient and such a cheap alternative. Also it makes it better with the variety of versions...
Words: 680 - Pages: 3
...case imply about the supply of and demand for employers and the implications for businesses? The case implies that there is a high demand for employees especially in the high tech industry but the supply is low and has not been met by the volume of the demand making the implications critical for businesses. These organizations are having to step out of the box and go the extra length to ensure they are able to acquire the savvy tech from an early stage. Using tools outside of the normal resume check alongside the educational background, these Companies are able to now “catch them young” by scouting for qualified candidates with needed skills, and recruiting them from colleges instead of waiting till they have completely finished their degree. For instance IBM has made use of its famous Watson computer in certain top schools giving students a chance to challenge the computer. The outcome of these approach will help IBM to narrow down which students to consider and they will work towards luring such students to consider a career at IBM (Robins 2013). As the competition is quite high in this industry, business always have to be creative in their search for talents, be on their toes and pull out all stops in trying to convince potential candidates to choose them instead of their competitors. While some are still struggling to come up with various approach to help them acquire more qualified candidate, the race is still on for the rest in trying to get to the potential perfect candidate...
Words: 694 - Pages: 3
...3 Submitted to: Ins. Muluken G. Submission date: May, 2/2013 Acknowledgment Our first and foremost gratitude is forwarded to the respondents who deliver us their kind support in filling the questionnaires and to respond for our causal interview as the responses they provide determine the analysis & conclusion of the research. We would also like to offer our heart full thanks to our Instructors, of legislative drafting Ato mulken who make us to study on this area Finally our thanks goes to the secretary who, prepared this final report paper. List of tables Table 1- The effect of filming activities conducted across the roads of the town on the normal traffic follow------------------------------------------------------------------------------------------- Table 2-Problems occurred due to filming activities conducted across the roads (for the purpose stated under table 1 above)....
Words: 5213 - Pages: 21
...submits that it is not the case of Revenue that the sales to the government are not normal or genuine transactions. It is also not suggested, he says, that the price at which the goods are sold to the government is not the normal price in the course of wholesale trade. In such a situation, the most convenient - convenient form the point of view of the Revenue as well as the assessee - course would be to treat the price at which the goods are sold to the government as the normal price within the meaning of Section 4(1)(a). In fact, the learned Counsel says, that should be the only method. However, if for some reason, the Revenue is not prepared to adopt this course then, he says, the Revenue has to deduct all the aforesaid expenses and not merely the transportation charges as specifically provided by Sub-section (2) of Section 4. Sri Nariman relies upon the holding in Bombay Tyre International that deductions other than those specifically mentioned in Section 4 are permissible in law, depending no doubt upon the character of the deduction claimed. On the other hand, Sri Chandrasekheran, learned Additional Solicitor General, submits that Sub-section (2) of Section 4 does specifically envisage and provide for the situation concerned herein. It provides expressly that where the price of any excisable goods is not known at the place of removal and the value of such goods is determined with reference to the price charged at the time of their delivery from a place other than the place...
Words: 859 - Pages: 4
...WORK LIFE TIME MANAGEMENT POST TRAINING ASSIGNMENT 1. What are the areas of learning that you acquired from the training? 2. Provide some recommendations on how you can apply the learning to your workplace. Elaborate. The area of learning that I acquired from the training is Pareto Principle – “80% percent of the value comes from 20% of the items.” Of the things we do during the day, only 20% really matters, therefore at work, I should prioritize the main items to be done everyday and avoid wasting time on the 80% that are not important. For example, fillings of unimportant documents do not need to be done straight away. It can be done during tea break and utilized the normal working time to complete other more important tasks. Another area of learning from the training is Murphy’s law – “If things can go wrong, they will go wrong.” There are areas that are beyond our control therefore for any occasion, we would need to perceive that there will be uncertainty in life and estimate more time for completion. For example, when work assigned need to be completed within the day, I should complete as much as I can in the morning because there might be disruptions during the day or new assignment that is urgent to be completed first but still cannot delay the proposed tasks. The last area of learning is to understand on task values. One should aim to schedule 60% of your time for proactive tasks, leaving the other 40% for reactive and maintenance tasks. One should...
Words: 338 - Pages: 2
...time were recorded by the department. Under the direct supervision of Engr. Aisporna are 10 supervisors who are graduates of engineering courses and with an average of three years work experience. Ten workers report to a supervisor. All of the workers are high school graduates. All employees including the supervisors and the workers are paid on a monthly basis. The workers, however, are required to produce a minimum number of units per day. During the slack seasons, workers are engaged only from 50% to 75% of their normal working hours due to lack of sufficient job orders. No worker is laid off by the company and everyone receives full pay. This is so because of the strong recommendation made by Engr. Aisporna to the top management. Slack seasons last up to three months. At the fourth month, job orders begin to pour in and everybody starts to cover 100% of their working time. On the seventh month of the current year, orders were received at more than the normal capacity of the company. For the first time since the company began operating, the department will be required to work...
Words: 311 - Pages: 2
...70#) on the purchase price? Which data set would you use? 6. How would you analyze the impact of transportation on purchase price? Which data set would you use? 7. How would you analyze the impact of the product specification on the purchase price? Which data set(s) would you use? 8. How would you analyze the impact of production cost on the purchase price? Which data set would you use? 9. How would you analyze the impact of buyer preferences/biases towards a supplier on the purchase price? Which data set would you use? 10. How would you analyze the impact of demand patterns on the purchase price? Which data set would you use? 11. How would you analyze a if product was purchased outside of the normal lead time and the impact on the purchase price? Which data set would you use? 12. How would you analyze the impact of purchasing the same product at different points in time and the impact on the...
Words: 355 - Pages: 2
...OPERATION MANUAL FOR BLOWER Maintenance Plan More maintenance may be required if the unit is used to pump abrasive gases and vapors, or if the pump is operated continuously at the extremes of its performance or environment limits. The inspection and maintenance list is as follow: 1. Check the belt tension: Visually inspect the drive belts for signs of wear. If any of the belts show significant wear or are cracked replace all the belts as a complete set. Frequency: First 24 Hours 2. Check the Oil Level: The pump have two oil cases, one at the drive end and one at the non-drive end. The oil levels should be checked when the pump is not running. The normal level should be the middle of the sight glass. Frequency: Weekly Drive End Oil Capacity | Non Drive End Oil Capacity | 4 Liters | 3 Liters | 3. Check the Inlet Filter is not Blocked: Open the door retaining clips on the access door. Remove the filter element retaining nuts. Remove the filter cartridge and refit the new cartridge. Frequency: Weekly 4. Drain and replace the Pump Oil: Unscrew the filler plug, Unscrew the drain plug, Drain the oil into a suitable container, Replace the drain plug, Fill with the correct grade oil to mid-way on the indicator glass, Replace the filler plug. Frequency ( First 200hurs/ 2 Weeks) 5. Grease the drive belt tension rod 6. Replace the filter cartridges. Frequency: 8,000 Hours/ Yearly 7. Inspect the Non Return Valve. Frequency: Yearly 8....
Words: 270 - Pages: 2
...manufacturing environment, firms adopt various quality improvement programs to reduce spoilage, rework units, and scrap: • Spoilage refers to unacceptable units (i.e., do not meet the specifications required by customers for good units) that are discarded or sold for disposal value (or sold at reduced prices).1 • Rework units are units produced that must be reworked into good units that can be sold in regular channels. • Scrap is the material left over from the manufacture of the product (i.e., residual materials); it has little or no value. The two types of spoilage are normal and abnormal. Normal spoilage occurs under normal operating conditions; it is uncontrollable in the short term and is considered a normal part of production and product cost. That is, the cost of normal spoilage unit is absorbed by the cost of good units produced. Abnormal spoilage is in excess over the amount of normal spoilage expected under normal operating conditions; it is charged as a loss to operations in the period detected. Example 1: In October 2005, Mendonza Co. incurs costs of $615,000 to produce 20,500 units. Of these 20,500 units, 20,000 are good units and 500 are spoiled units. Mendonza has no beginning inventory and no ending inventory that month. Of the 500 spoiled units, 400 units are spoiled because the injection molding machines are unable to manufacture good casing 100% of the time. That is, these units are spoiled even though the machines were run carefully and efficiently. The remaining 100...
Words: 1254 - Pages: 6
...SCM 5504 – Competitive Advantage Assignment 12 – Toyota Marks: 10 Due Date: April 11th, 11:59 pm Please read the following instructions carefully before starting: This assignment is to be completed independently by you based on your notes and recall of the site visit this week. You may ask your peers for clarification of the information presented, but aside from that the report must be your own work. The normal policy on plagiarism applies. You must submit your assignment using SafeAssign. Be sure to focus your report on the question posed in the assignment. No marks are given for a description of the company. That is considered unnecessary background information. In order to submit the weekly assignment in this course you must have attended the class. Recognizing that illness or other factors may prevent you from attending some site visits, your course grade is based on your best 10 out of 13 or 14 possible assignments (depending on cancellations). The report must use correct sentence structure and spelling (some point-form is accepted but should be kept minimal). It should be between 200-300 words long, double-spaced, Arial 10-point font. Late submissions will receive a 1 mark deduction if received before the start of the following site visit or guest presentation. If submitted after that they will not be evaluated and receive a 0 mark. Questions: 1. Research the Toyota Production System (TPS) and in your own words...
Words: 281 - Pages: 2
...were recorded by the department. Under the direct supervision of Engr. Aisporna are 10 supervisors who are graduates of engineering courses and with an average of three years work experience. Ten workers report to a supervisor. All of the workers are high school graduates. All employees including the supervisors and the workers are paid on a monthly basis. The workers, however, are required to produce a minimum number of units per day. During the slack seasons, workers are engaged only from 50% to 75% of their normal working hours due to lack of sufficient job orders. No worker is laid off by the company and everyone receives full pay. This is so because of the strong recommendation made by Engr. Aisporna to the top management. Slack seasons last up to three months. At the fourth month, job orders begin to pour in and everybody starts to cover 100% of their working time. On the seventh month of the current year, orders were received at more than the normal capacity of the company. For the...
Words: 705 - Pages: 3
