...Quality Improvement Is Essential For Maintaining Competitiveness. Thesis statement Improvement of both products and production processes is the key to through better understanding of customer requirements is the key to capturing world markets. Introduction Quality improvement can be termed as a formal approach which involves the analysis of organization performance and efforts considered to improve it. Quality improvement is associated with activities that are undertaken to minimize the gap between the current practices and expected practices. Through quality improvement, organizations are able to harmonize and systematize the provision of products to the customers. This happens by engaging providers of products at their point of delivery and assessing the performance of their programs. This is done for the purposes of developing methods which can enable such providers to offer better quality in their products. The key objective of quality improvement is, therefore, to ensure that an organization provides the expected and desired level of quality in its goods or services. It is, for this reason that organizations engage in measurement in order to be in a position to evaluate quality and verify progress. The use of quality measures in organization is intended at evaluating the degree to which the set standards are being met. It is also aimed at establishing results that portray the extent to which an organization satisfies its customers. Quality measurement is conducted...
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...1.0 Executive Summary: 1+ page 2.0 Description of Company: 1+ page 3.0 Situational Analysis: New product development, is one of the most intricate organizational tasks that firms undertake in their quest to develop competitiveness (Graf & Saguy, 1999). Apple’s managers are cognizant of the fact that the success of new products in the market is dependent on the effectiveness of which the firm understands and exploits its capabilities. Thus, it is essential for extensive internal business analysis to be conducted. By conducting internal analysis, managers gain sufficient understanding of their organization’s capabilities and competences. On the other hand, external analysis gives insight on the prevailing market conditions. This increases the effectiveness with which the firm develops strategies to market its products. Before launching its Mini Ipad product, Apple Incorporation conducted an internal analysis in order to understand its competences and capabilities. 3.1 SWOT Analysis The SWOT analysis below illustrates Apple’s strengths, weaknesses, opportunities and threats. Strengths: * Positive brand perception- The success of firms in their respective industries is impacted by the brand perception developed by the target customers. Thus, it is critical for firms to take time in developing their brand identity (Klein, 2008). Over the years it has been in operation, Apple Incorporation has managed to develop a positive perception amongst its target...
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...2. Discuss in 150 words your critical understanding of R.A. 7877 – “AN ACT DECLARING SEXUAL HARASSMENT UNLAWFUL IN THE EMPLOYMENT, EDUCATION OR TRAINING ENVIRONMENT, AND FOR OTHER PURPOSES”. RA 7877 was enacted to prevent and lawfully punished any unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature constitute sexual harassment when this conduct explicitly or implicitly affects an individual's employment, unreasonably interferes with an individual's work performance, or creates an intimidating, hostile, or offensive work environment." Its concerns were to value the dignity of every individual, enhance the development of human resources, guarantee respect for human rights, and uphold the dignity of workers, employees, applicants for employment, students or those undergoing training, instruction or education. Any person who commit work/education or training related sexual harassment was imprisonment of not less than one (1) month nor more than six (6) months, or a fine of not less than Ten thousand pesos (P10,000) nor more than Twenty thousand pesos (P20,000), or both such fine and imprisonment at the discretion of the court. 1. Prepare a comprehensive analysis of the three systems of education namely: a. Basic b. Technical c. Tertiary Basic Education Technical Education Tertiary Education Government Agency Provider: DepEd Government Agency Provider: TESDA Government Agency Provider: CHED Legal Basis:...
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...Assignment for Strategic Management External influences on growth. All industries are influenced by the external environments, the firm's ability to react quickly tho the changes may help the growth of cripple them. There are 2 main models to help identifying them PESTEL and 5 factors. In the following, I will be discussing the relevant PESTEL tool, with incorporated 5 factor contributions due to the lack of information to plot out the 5 factor model. Politics Rules and legal compliance differs from country to country. In the budget airline segment, the delegalisation internationally is to their advantage for them, as they have now a wider geographical market opportunities. On the other hand, budget flights being able to provide international services is a real threat to the commercial flights, in which airlines which are tied to their countries comes as a hurdle in to all flight traveling to or from the country in efforts to protect their national carriers eg Singapore Airlines is ties to Singapore and Britirsh airways are tied to Great Britain. Economy Cost of the raw materials required for the business are high and an extant of good relationship with the supplier plays an active part in negotiations to drive down prices. (bargaining power of suppliers). Most continental flights generate a higher percentage of profits from loyal first class and business travelers. Social the growth in wealth globally has increased the spending power of the consumers and the demand...
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...GOVERNMENT OF INDIA GUIDELINES For the Implementation of Lean Manufacturing Competitiveness Scheme A Component of National Manufacturing Competitiveness Programme Development Commissioner Micro, Small & Medium Enterprises Government of India Nirman Bhavan, New Delhi-110 108 www.dcmsme.gov.in May, 2010 Published by The Development Commissioner, Micro, Small & Medium Enterprises, Nirman Bhavan, New Delhi-110108 Printed at Tara Art Printers Pvt. Ltd., B-4, Hans Bhavan, B.S. Zafar Marg, New Delhi-110002 National Manufacturing Competitiveness Programme 4 Lean Manufacturing Competitiveness Scheme CONTENTS Sl. No. Subject Preface 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Introduction Overview The Scheme Concept Objectives of Lean Manufacturing Scheme Develoment Commissioner (MSME) Implementation Structure Financial Assistance Coverage and Eligibility Implementation Framework Implementation Time Line Approval Process Modalities of Fund Transfer Format for Application by MCs/SPV – Annexure - 1 Power of Attorney – Annexure - 2 7 7 7 9 9 9 10 10 10 14 14 14 16 18 Page No. 5 National Manufacturing Competitiveness Programme ABBREVIATIONS CMTI CPs DC (MSME) DGFASLI GDP GOI IA IFW ILO LMC LMS MC MSME MSME - DI NMCC NMCP NMIU SPV SSC T&C TAC – – – – – – – – – – – – – – – – – – – – – Central Manufacturing Technology Institute Condition Precedents Development Commissioner (MSME) Director General Factory Advice Service & Labour Institutes Gross Domestic...
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...are eager to learn new processes in different industries, they find themselves unprepared to accept that they are not as productive in the unfamiliar setting. Our goal is to assist management to strategically set the initiative to assist current and future employees to transition into any work environment while maintaining the same level of their own personal expectations. In order to give the business a successful beginning and promising chance for its future, a definitive vision and mission will ensure its choice of decisions essential to its success and competitiveness (Ellis, 2010). In any defined business, top management must take the initiative to develop and redevelop its strategic plan in order to be successful in their industry. Having a clear understanding that regular strategic assessment on the business’s strategic plan asserts that a company is always preparing for future success of the defined business. It is unfair that some countries live in complete luxury while neighboring countries are suffering and deprived due to lifelong inequality among their citizens. Create a mission statement for the company explaining how the mission will be essential to the company’s success. It is...
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...as schools, police and fire departments, public parks, financial assistance programs for low-income families, and various other projects having to do with the effective management of a community. Corporations use budgets to calculate methods of minimizing overhead (expenditures relating to running a company, such as purchasing supplies, paying employees, renting office space, and so on) in order to maximize profits. "Budgeting." Everyday Finance: Economics, Personal Money Management, and Entrepreneurship. Vol. 2. Detroit: Gale, 2008. 348-350. Gale Virtual Reference Library. Web. 18 May 2014 The first strategy on how to manage budgets with forecasts is to assign a manager who will be accountable for keeping the budget within forecast, maintaining expenses within the estimated budget. Managers also have to compare the expenses results with budget expectations and analyzing the variance, and identifying benchmarking techniques that will help the organization to get an accurate budget in the future.” The capacity to anticipate as...
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...was viewed as a clerical activity that only did some documental work required by other departments. There was usually no communication between purchasing and other departments within the organization. Also, suppliers were usually selected based on price and availability only. However, purchasing management has undergone a great change since 1960s. Organizations began to realize that purchasing can become a profit-making activity rather than just a profit-taking activity. A study performed by Carr and Pearson (2002) shows that purchasing management has a positive impact on the organization’s financial performance, no matter the firm is small or large in scale. It always plays a major role in the organization’s efforts to improve the quality of products and, in turn, market share. An effective purchasing management can improve the overall productivity, profitability, and return on investment of an organization. Therefore, in modern organizations, purchasing is viewed as a vital element in gaining competitive advantage. Coordination with other departments, such as marketing, production and financial, was augmented. Purchasing professionals nowadays are required to work across functional boundaries, for example, working with the production department to plan the schedule for goods acquired and delivered. More importantly, its performance measures are no longer based on its own as an independent unit but upon the performance of the organization as a whole. Recently, many organizations...
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...the 2010 International Conference on Industrial Engineering and Operations Management Dhaka, Bangladesh, January 9 – 10, 2010 Management of Supply Chain in Petroleum Corporations in India Surajit Roy LPG Operations, Indian Oil Corporation Ltd. Mumbai 400053, India R. S. Dhalla Microbiological Consultants Mumbai 400007, India Abstract Supply chain initiatives have become a critical part of firms operations. Success is increasingly being dictated by how well a company can control its supply base and mitigate supply bottlenecks and liabilities. This paper used inductive and qualitative approaches to explore the salient factors that simultaneously enhance the “greening the supply chain” as well as maximizing the customer reach while maintaining the efficiency of the supply chain system of petroleum companies. The key indicators identified were environmental policies, supplier policies, sustainability, market orientation and commitment to human capital and diversity. A survey was conducted with key informants across many divisions of the LPG segment to investigate how well these environmental and customer reach in the supply chain are in synchronized with the top management’s commitment towards environmental responsiveness and maximizing customer orientation. The responses to the survey were statistically analyzed and a relationship model was constructed with Market orientation as the dependent variable and independent variables as: environmental policies, supplier policies, commitment...
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...Transforming an Indian Manufacturing Company:The Rane Brake Linings Case 1. How do you consider the linkages of “Operations Strategy” to its “Business Strategy”? What do you believe are the key links? An organization’s operations function is concerned with getting things done; producing goods and/or services for customers. Operations management is important because it is responsible for managing most of the organization’s resources. However, many people think that operations management is only concerned with short-term, day-to-day, tactical issues. All business organizations are concerned with how they will survive and prosper in the future. A business strategy is often thought of as a plan or set of intentions that will set the long-term direction of the actions that are needed to ensure future organizational success. However, no matter how grand the plan or how noble the intention, an Organization’s strategy can only become a meaningful reality, in practice, if it is operationally enacted. An organization’s operations are strategically important precisely because most organizational activity comprises the day-to-day activities within the operations function. It is the myriad of daily actions of operations, when considered in their totality that constitute the organization’s long-term strategic direction. The relationship between operations and the other business functions is similarly important. The objective of the operations function...
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...China’s financial liberalization Title: China’s financial liberalization and the policy transformation towards openness Author: Xuepan Cheng 4136801 Abstract This paper focused on the research of China’s financial liberalization reform in order to discuss the economic and financial effects casted by financial liberation. Also the article pointed out the current problems of China’s financial system and provided suggestions for implementation. The main argument of policy suggestions for China is to further lower down the financial limits, so that China will be able to build a better foundation for financial liberalization. Also the effective and constant supervision and modification of the financial regulation system is also necessary for maintaining a healthy macroeconomic environment and continuing capital flows. While the economic globalization, and financial liberalization has become a major tendency that attracts a lot of people’s attention in world economic development since the 1980s, the financial liberation and reform has become a necessity for China to develop it’s financial market and economy wellbeing. 1. Introduction China, as one of the fastest expanding economy in the world, is largely owing to the economic globalization, and financial liberalization since the 1980s. Economic globalization refers to the fact that economic resources (goods, capital, labor, technology, information and other transactions) flow from one country to another. This tendency makes connections...
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...supply chain management can bring competitive advantage. In addition, examine the benefits created by this tool such as reduced costs, reduced process time, quality analysis and flexible supply chain. That is, verify the changes that occurred after the implementation of this method by checking its adaptability in relation to market changes. (Ballou, 2001) Currently logistics is showing a constant evolution, it remains one of the key elements in the company's competitive strategy. At first it was confused with the transport and storage of products. Today is the nerve centre of an integrated supply chain, working in close harmony with the modern management of the supply chain (supply chain management). She comes to all handling and storage activities that facilitate the flow of products from the point of acquisition of raw material to the point of final consumption, thinking up even in the way within the company, as well as information flows that put moving products, for the purpose of providing adequate service levels to customers at a reasonable cost. The management of logistics and information flow throughout the chain allows executives to assess strengths and weaknesses in its supply chain, helping make decisions that result in reduced costs, increased quality, among others, increasing product competitiveness and / or creating added value and differences in relation to competition. (SLACK, 2004) Through the information obtained through the supply chain...
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...with factors that affect their day-to-day operations. Within the domestic market customer needs, tastes, geography, demographics, and distribution methods are familiar and easiest to launch a product. Globalization is conducted in an effort to capture greater market share and open up new avenues for sales. Domestic and global marketing The organization that I am most familiar with that conducts domestic and global marketing is the Toyota Motor Corporation. Toyota is the world's largest automaker (The Associated Press, 2013). It runs its operations both at domestic and international levels and thus targets both domestic and international markets. Toyota is one of the top-selling brands in America and we are committed to continuous improvement in everything we do, along with breakthrough products for the future (Toyota Motor North America, Inc., 2013) The factors that impact on the marketing strategies of Toyota Motor Corporation are trade practices, demographics and physical infrastructure, cultural differences, social responsibilities and ethics, political systems and technology. These factors are challenges that effect the normal functioning of business organizations. Global economic interdependence and trade agreements Due to the influence of global economic interdependence Toyota has had to purchase parts and materials from other countries which have resulted in maximizing revenues to increase market shares in other regions to conduct business. Importing and exporting...
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...-brands and products _________________________________________________________________________p.3 -strategies and values _____________________________________________________________________p.3, 4 Being a product line manager in the Adidas Group - qualities and skills required to work for the Adidas group __________________________p.4 -qualities and skills more specific to a product line manager _________________________p.4 Relevant theoretical concept: the charismatic leadership model -main qualities and skills _____________________________________________________________________p.5 -limitations and potential disadvantages of a charismatic leader ___________________p.5 Theory vs. practice analysis -the various similarities between a charismatic leader and a product line manager ____________________________________________________________________________________________________p.6 -nevertheless, several characteristics differ between theory and practice ______p.6, 7 Conclusion ______________________________________________________________________________________p.7 Bibliography_________________________________________________________________________________p.8, 9 Introduction Leaders are essential for a firm to be successful: a leader...
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...any of the Asian countries is cheap labour. During the 1970s, increasing personal prosperity in MEDCs fuelled the growth of the consumer society, which in turn accelerated the demand for a wide range of electrical and other household goods and clothes. These are either assembled in factory production lines, or are made using high inputs of labour. Cheap labour was a vital factor in terms of kick-starting the revolution of Malaysia’s manufacturing industry, it offered many large companies the incentive to locate there in the first place, such companies as; Hewlett Packard, Bosch and Fairchild - delivers energy efficient power semiconductor, analog, discrete & optoelectronic devices for power management. In addition, the progressive improvements in transport, especially the jet aircraft for the transfer of executives and managers, and containers for the movement of goods, greatly reduced the inconvenience and costs associated with long distances between markets and company headquarters. Also, the fact that mainland Malaysia is a peninsula and had...
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