Business Studies Notes Role of operations management Effective operations management adds value to a business by: • Increasing productivity • Reducing costs • Improving quality - This achieves a strategic competitive advantage through lower costs and/or differentiated goods. - Role of the operations manager will require skills such as communication, decision-making, delegating and complex problem solving. Strategic role of operations management - A strategic decision affects the business
Words: 4508 - Pages: 19
expansion of the Piggery shed and buying of additional necessary equipment. Markets Pigs produced shall be sold into three different markets. The bulk of the produce (60%) shall be sold toSimunye Pork. 30 % shall be sold to an intermediary in the live weight market, to Sherwoods for on-sale to the retail market. The remaining 10% shall be slaughtered and dressed by Z & S farms, and sold to local butcheries. The three markets yield different profit margins, with the lowest margin expected to be
Words: 4876 - Pages: 20
Economic globalisation Globalisation has largely benefited the Australian economy. Australia has an abundance of natural resources that our population of 20 million people cannot use, therefore we sell the surplus to other countries that have a demand for the resources, giving us a world market of over 6.5 billion people. Australia's main exports have come from our primary industry, that is, raw materials such as minerals and produce. Our primary industry accounts for approximately 50 percent of
Words: 1813 - Pages: 8
end of the Second World War, it got divided and occupied by the Soviet Union and the United States of America. The two countries were the major superpowers at the time. They occupied the north and the south respectively (Jang, 2010). The two great nations had conspicuously differing ideologies and this factor led to formation of two different governments in Korea in the year 1948. The south formed the government of the Republic of Korea (ROK), with the support of the United States under the leadership
Words: 2162 - Pages: 9
1.1 Background of the Study: Interest in the concept and practice of nation branding has proliferated in recent years, as more and more governments around the world attempt to attach the power of commercial branding techniques in order to improve their country’s image and reputation across a wide range of sectors. Bangladeshis have a persistent grievance that Bangladesh is not justly portrayed in international forums. It has become commonplace for the country to be associated with natural calamities
Words: 17374 - Pages: 70
relatively good customer service. Here are the basic details. • Low cost: Wal-Mart has lower operating expenses than the industry average. The primary cost advantage is Wal-Mart’s superior distribution capability (location of stores, inside-out growth patterns, cross-docking, superior information management). Quantitative details on cost advantage are set forth in Section 3 below. • High Volume: Industry analysts watch Wal-Mart’s growth of sales figure very closely. WalMart’s prices are low by the industry
Words: 4515 - Pages: 19
relatively good customer service. Here are the basic details. • Low cost: Wal-Mart has lower operating expenses than the industry average. The primary cost advantage is Wal-Mart’s superior distribution capability (location of stores, inside-out growth patterns, cross-docking, superior information management). Quantitative details on cost advantage are set forth in Section 3 below. • High Volume: Industry analysts watch Wal-Mart’s growth of sales figure very closely. WalMart’s prices are low by the industry
Words: 4477 - Pages: 18
Chapter TWO THE ORGANIZATIONAL ENVIRONMENT CHAPTER CONTENTS Overview of the Chapter 2 Learning Objectives 2 Key Terms 2 Lecture Outline 3 Learning Objectives Revisited 9 Lecture Enhancers 10 Notes for Topics for Discussion and Action 12 Notes for Building Management Skills 16 Notes for Management For You 17 Notes for Small Group Breakout Exercise 17 Notes For Managing Ethically 19 Notes For Web Exercises 19 Notes for You’re the Management Consultant 19 Notes for Management Case 20 Notes for Management
Words: 9140 - Pages: 37
has led to developments in healthcare and other industries around the United States. Coupled with the growing development of biotechnology, however, is a force hoping to harness its power to create biological weapons. Presently, there are several nations pursuing biological weapons programs, making it easier for terrorist groups to gain access and attain advanced weaponry. Recently, terrorists have demonstrated their ability to execute acts of bio-terror without any moral repugnance or regret. Though
Words: 4378 - Pages: 18
started at the beginning of the 20th century. It has an impact on everything and it has changed everything from its core. Economic environment, political environment and regarding to this subject – cultural environment. As everything, it brought both advantages and disadvantages. Looking back in time when this globalization started intensifies rapidly. It evokes a basic question: why did the globalization intensify rapidly? We can consider many reasons, for example lower travel cost, free movement of
Words: 4166 - Pages: 17
