...When a firm creates, formulates, and implements a strategy that adds value and competitive advantage that is a strategic business plan. A strategic business plan is the layout or outline that specifies how a firm is going to reach their plans or goals over a certain period of time. The plan can be very specific or very broad. It can focus on one part of the business, as well as a whole focusing on all functions within a company. This plan is important to an organization’s long-term success because it gives the company a direction or purpose in which to set goals and carry them out. A strategic business plan assists a company in providing products and services in a more efficient and effective manner. Without a strategic business plan a firm will have a difficult time maximizing the potential of its resources. New opportunities and key resources for growth or improvement will be limited or perhaps even missed. A strategic plan is important to both small and large businesses. I believe that for any company, no matter the size, it is equally important to have a strategic business plan in place. This will assist in understanding customer needs and be able to adapt to constant changes and new trends taking place within the company. With a successful strategic plan, a company has a great opportunity for becoming very successful. Innovation plays a key role in developing a company that has potential for growth and success. Innovation provides the company with ways to maintain a competitive...
Words: 277 - Pages: 2
...students can learn new knowledge and experiences from the studying in the college. There are many teachers, professors with abundant teaching experience who teach students lots of new knowledge and help them to solve the problems in their study. With their help, student can learn a lot of useful basic and professional knowledge which is very helpful for their future’ work. and study. After they finish their study in the college, students go to work in the society and contribute to the different fields. Secondly, students can learn how to arrange their own time reasonably. Before their studying in college, their life often arranged by their parents and their study often arranged by their teachers. It is very different for them to live and study in college, because students studying in college have to arrange their life and study by themselves. They have right to arrange their part time, such as when to get up, when is the sport-time, when to finish the assignment etc. This is very important experience for students’ work and life in the future. Secondly, studying in the college make students having opportunity to live with other student and learn how to cooperate with other people. Usually, people often have uncomfortable feeling to live with a stranger, because they do not know each other...
Words: 432 - Pages: 2
...hand, my weakness is that I can easily get confused with a situation that can lead to my hardness in heart and not consider the needs of an individual. This comes with another issue, which is my blind spot; unrealistic in role expectations. Because I depend on people in their specific roles, I forget that they are capable of making mistakes as well. So just because it fits best in a role, it does not mean he or she may have the best answer that fits in that particular role. On the same token, I must hold myself accountable to those who are dependent on me because I can also fail in my own responsibility and what people would expect of me in my role. At the present time I tend to overcome these particular situations in my everyday life and work experiences. I have improved the choices I make by taking my time and thinking things through compared to shooting from the hip. I have set action plans, which best fit my own personal life and my fellow employees that consider their ethical experience....
Words: 357 - Pages: 2
...There are many definitions of Organizational Behavior (OB). In order to develop a personal operating definition of OB, I read several definitions to help form a framework of what OB means to me. The definitions I read ranged from the very complex to the very simple. Along with many OB definitions, there are also many different types of research. Mole noted four assumptions that are used in all OB research (2002). 1. Behavior is predictable 2. Behavior is caused 3. Behavior has many causes 4. Generalities can be made Personal Operational Definition With the above assumptions, as well as the concept that OB is a combination of different fields of behavioral sciences, I developed the following operational definition of OB. The study of Organizational Behavior is to observe, analyze and learn, what variables influence individual behavior, at both the individual and group levels, and understand how it affects the behavior of the organization. I will use this operating definition in my organization as we plan to make a major software change. The process is underway to replace the maintenance software system with an updated software so that a purchasing package can be procured that will integrate the two. By observing the behavior of the employees, I will be able to better understand the cause of their resistance to change. I will recommend a cross functional team to address all the concerns and determine what features of the old software are important and should be...
Words: 595 - Pages: 3
...Nowadays, people pay more attention to travel as a way to relax. When we start to think about travel, we always know that a new experience lies ahead of us. After we have experienced certain aspects of traveling, we must ask what we will obtain from travel. Does travel broaden the mind? And what are the effects of an extended period of traveling. This, and more, will be answered in the following paragraphs. Travel is not only a way to satisfy your visual, but also a way of broadening the minds of travelers. Of course, there are a great deal of people who choose travel to enjoy nature, spend time with family, have a chance to relax, and other reasons. However, traveling can also influence their thinking. There are a lot of people who agree that after traveling people can get new ideas from ancient culture, architecture design, and locals. There was a research study which was conducted by Raleigh International, which is an organization that helps people to develop new skills, friendship and make a difference in communities and environments across the world. The experiment was done with more than a hundred formal Raleigh ventures from disadvantaged background. Raleigh found that mixing young people from different social background increased aspirations and interest in education and learning. By mixing the different cultures and social backgrounds together it was seen that 81% of the people increased their friendship with people from different backgrounds. 94%...
Words: 557 - Pages: 3
...Explain the term structure of interest rates. What are the effects of rise in risk and expectations on the formation of long term rates? Interest rate within an economy is subject to many factors and as a result varies in relativity of those. The major factors are time period: short term Vs. long term investments, the degree of risk to which its exposed (AAA rated, mortgages, default, zero coupon…). Term structure of Interest rate is a significant tool for investors of bonds but also for policy makers, in terms of having an overview of whether to invest in short or longer term securities. This essay will go on to explain the term structure of interest rate how it is used by investors, the different theories and hypothesis behind it but also how the creation of long term rates effects its relation to risk. The term structure of interest rates also called the yield curve shows the relationship between interest rate and time to maturity of bonds, it is a common method of bond valuation. A graph is used to represent this relationship in relation to long term interest rates and short term interest rates where the maturity of an investment (x axis ) is compared to the interest rate (y axis) showing the yield (rate return) on bonds with the different maturity length. Term structure of interest usually refers to zero coupon bonds which are bonds without coupons (weekly interest rate payments on the bond) which are sold at its face value requiring as a result a fixed interest...
Words: 1779 - Pages: 8
...and coworkers. Sometimes though, if the values do not match up, it can cause internal conflict for the employee, or even conflict between employees. There are two main ways that an employee can have conflicts with the values, between them and their supervisors or coworkers, and between them and their company. Someone who has very strong values centered on faith will struggle with a company who requires weekend work which might cause them to miss a weekly service. Katherine Dean reminisces about a position she once held where her supervisor pushed them too hard, because he overly valued sales and financial gain, even above family time and a personal life. She felt that his drive towards profit caused competition between employees instead of a positive environment (Dean, 2011) When a supervisor is pushing their employees so hard for profits and time at the office, an employee who is more geared towards family will feel conflict. The employees felt that they were being pitted against each other, when they would...
Words: 790 - Pages: 4
...Alan Before you came into my life I missed you so bad I missed you so bad... I missed you so, so Before you came into my life I missed you so bad I missed you so bad... And you should know that Yeah, I, I know it's hard to remember The people we used to be It's even harder to picture That you're not here next to me You said it's too late to make it But is it too late to try? And in that time that you wasted All of our bridges burned down Your stare was holding Ripped jeans, skin was showing Hot night, wind was blowing Where you think you're going, baby? Now I'm at a payphone trying to call home All of my change I spent on you Where have the times gone baby It's all wrong, where are the plans we made for two Yeah, yeah You took your time with the call I took no time with the fall You gave me nothing at all, but still you're in my way I beg and borrow and steal Have first sight and it's real I didn't know I would feel it, but it's in my way I-I've wasted my nights You turned out the lights Now I'm paralyzed (you) Still stucked in that time when we called it love But even the sun sets in paradise Where you think you're going, baby? Hey, I just met you, and this is crazy But here's my number, so call me maybe It's hard to look right, at you baby But here's my number, so call me maybe If happy ever after did exist I would still be holding you like this And all those fairytales are full of *it One more stupid love song I'll...
Words: 556 - Pages: 3
...discuss similes, one of the first similes you come across when reading this poem is “The rockets lay, like molar monuments“. This is almost both simile and personification, due to the use of the word “lay” suggesting that they lay the way in which people would, but I will be focusing more on the simile side of things. The part “Like molar monuments” catches my eye the most and gives me a lot more to think about. This gives off the illusion that the rockets were dotted around the place, in no particular order, lifeless and motionless but because of the use of the word “molar”, it suggests that no matter how motionless and lifeless they are, they’re still strong and sturdy. “it was too late, the world ran like a rash” is another simile, this time suggesting that something devastating must have happened for the world to suddenly run off. “Ran like a rash.” Gives the effect that they ran quickly, as if scurrying cautiously, it also shows that the population of the world didn’t just disappear, the spread out across the face of the earth before fading away subtly. I also believe that “it was too late” helps McIlvanney because it gives the readers somewhat of a rhetorical question to consider, did the humans know this was happening? Did they try to prevent it, but failed? Before going further into the structure of the McIlvanneys Eugenesis, I’d like to point out a couple of things. Throughout it, he is continuously warning readers about dangers posed by...
Words: 745 - Pages: 3
...Homework #1: Kristen’s Cookie Company Case 1 6+2+1+9+5+2+1 = 26 mins Resources Activities where needed Time required per unit of work Number of each resource Capacity Kristen Wash and Mix Dish up to trays 6 min 2 min 1 7.5 dozen/hr Bowl Wash and Mix 6 min 1 10 dozen/hr Trays Dish up to trays 2 min Infinite Infinite dozens/hr Roommate Load & Set Timer Packing Payment 1 min 2 min 1 min 1 15 dozen/hr Oven Load & Set Timer Baking 1 min 9 min 1 6 dozen/hr Empty space Cooling 5 min Infinite Infinite dozens/hr The oven is the bottleneck resource. Its capacity is 6 dozen cookies per hour. Because the process’s hourly capacity is 6 dozen, the process’s cycle time is 10 min. Therefore the maximum number of dozens that the process can produce can be given with the help of the following formula: 16 + 10x = 240 x = 22.4 The maximum number of dozens that the process can produce in four hours is 22. 16 + 10x = 60 x = 4.4 λ = 4.4 dozen/hr W = flow time = 26 min = 26/60 hr L = λ W = 1.91 Case 2 Resources Activities where needed Time required per unit of work Number of each resource Capacity Kristen Wash and Mix Dish up to trays 6 min 4 min 1 6 orders/hr Bowl Wash and Mix 6 min 1 10 orders/hr Trays Dish up to trays 4 min Infinite Infinite orders/hr Roommate Load & Set Timer Packing Payment 2 min 4 min 1 min 1 8.57 orders/hr Oven Load & Set Timer Baking 2 min 18 min 1 3 orders/hr Empty space Cooling...
Words: 671 - Pages: 3
...six Unit Written Assignment Erica R Watson MT435 Operations Management Kaplan University June 28, 2011 Introduction Albatross Anchors manufactures two different types of anchors to satisfy their wholesale customers. The company once only manufactured the mushroom or bell anchor but when the competition heated up they began producing the snag hook anchor as well, this occurred in 1989. (Case Study) Being that Albatross Anchors is a major manufacturer and that they are continuing to grow it seems as though a bigger more organized workspace is needed to speed up both production and shipment of each anchor order. Question One Carefully review the assignment scenario/case study. From the limited information in the scenario/case study, along with your answers to the unit three written assignment, identify at least three direct and specific long-term and three direct and specific short term operations changes that Albatross Anchor must make to gain a clear and sustainable competitive advantage (provide detailed information to validate and support each recommended change) Long-Term Operational Changes (01) A long term operation change that Albatross Anchor needs to make is building another Administrative office that is detached from the warehouse in order to make it both safe and more efficient for all employees. (02)Installing up to date technology into the warehouse and administrative offices will help to gain business and give the company a more smooth transition when taking orders...
Words: 685 - Pages: 3
...know who the speakers were, and last at that time of the day my attention was very slim because of the hussle and bustle of school works. Upon entering the auditorium, I was expecting a marriage councilor or a parish priest to give the talk, but to my surprise it was a couple. They began the seminar by introducing themselves as a couple who has been married for a very long time. Well to me, at least the seminar conductors were experienced and they know what they will be taking about during the seminar. Also, they told us that they conduct the seminar yearly in Don Bosco for a consecutive 8 years already. Upon hearing this, I had a lot of expectations already even before the seminar started. So the seminar started about the whole background of marriage. Of course, there were several scenarios where there are a lot of reasons why a person should or should not get married in the first place. The first thing I remember they told us when they began the seminar is that marriage is not an event, it’s a lifetime commitment. To me the statement wasn’t really a surprise. Being a born-again Christian, I was exposed to the do’s and don’ts of having a relationship. In the seminar, they told us that building a relationship we should always consider marriage. That our reasoning and actions should always lead to a proper and God centered relationship that will eventually become marriage. It should come in at the right reason and at the right time. We should first be able to love ourselves before...
Words: 704 - Pages: 3
...Market Potential Apple is looking to capitalize the organization’s share in the tablet market for the 2012 fiscal year. Market potential is defined as “the total expected sales of a given product or service for the entire industry in a specific market over a stated period of time” (Spiro & Stanton, 2008, p. 351). The tablet market potential in 2011 was around 116 million units. In 2012, the tablet market potential is expected to grow at the same rate if not more with the number of units totaling 140 million. The market potential for the iPad 2 also can be stated for men and women ages 16-55 years of age in multiple countries around the world. Sales Potential Market potential overviews the forecasted amount of units that will be sold for the industry and not the organization itself. If Apple wants to determine how the organization can capitalize on the 120 million units expected to sell in the tablet industry for 2012, the company must determine the sales potential for the iPad2. Sales potential refers to the “maximum share (or percentage) of market potential that an individual firm can reasonably expect to achieve” (Spiro & Stanton, 2008, p. 351). In the second half of 2011, the iPad 2 has accounted for 68.3% of the approximately 116 million units sold in the tablet market (Peckham, 2011). It is reasonable to agree that in the coming years Apple can expect to see between 55 to 60% market share in the tablet market. In 2012, Apple’s sales potential for the iPad 2 can be...
Words: 509 - Pages: 3
...I transferred from Mt. Hood C.C. a year ago right now I’m a sophomore in PSU., and I am majoring in architecture. English is my second language and I apologize for grammar. One of the reasons I choose this major was that I love to design things such as furniture, buildings and clothes. And also I love art and I love painting spatially with oil colors. Every time when I put my effort, time and recourses into my projects, I love seeing people loving my designs and giving me some fees back. Being appreciated might be a little selfish but I enjoying it so much. It expires me to keep doing what I did and every time I finding myself getting better over and over again and this process never stops for me. The idea of bringing new designs and styles into this world makes me feel like I am doing something historically important. Even though it might not be quite true, I know that for closest people to me it means a LOT. As long as they believe in me I will never stop making them be proud of me. Wow I never thought about this cultural divide between people in our days but I suddenly realized that it actually true. Not a long time ago I watched “Ukraine Has a Talents” TV show. There were people with all different types of repertoire. And all people who did well and who passed to another level had this new types of songs and they used this new way of articulation on the stage than those who choose to stick with an old cultural songs. I guess there is no question… I am pretty sure that...
Words: 579 - Pages: 3
...concepts seem to be most relevant to what could use the items for to protect ourselves. My first choice was the 1 Qt of Water per Person which is most important because it is the most urgent. Surviving without water in such high temperatures is unlikely and can lead to immediate problems such as dehydration and fatigue. The next two selections that seemed most urgent was the magnetic compass and sectional air map to help guide us to the nearby civilization. This choice was based on fleeing these conditions as quickly as possible. The longer we are in the situation the higher the risk becomes. If there are only enough supplies to last a short period of time then it is critical to get out of those conditions rapidly. My fourth choice was for the protection of the group against wildlife. Surly one night spent in a desert is enough time to encounter dangerous wildlife. The pistol is important for protection and to capture possible food to eat. The parachute seemed to be a relevant item since it is red and white it can possibly attract attention for a rescue while also acting as protection from the sun. My next choices are based on helping us survive through the elements but are not as crucial to our survival as my top five...
Words: 296 - Pages: 2
