Of the following, discuss which you believe is the best tool for supporting future growth and cost management. Why?-Value chain analysis.
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Of the following, discuss which you believe is the best tool for supporting future growth and cost management. Why?
-Value chain analysis.
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- Why is sustainability a strategy and not a competitive priority? Explain your reasoning.A recent article in Fortune magazine listed the following firms among the top 10 most admired companies in the United States: Dell, Southwest Airlines, Microsoft, and Johnson & Johnson. . Discuss the companies’ strategies using the framework discussed in the chapter, and describe whether you would view their products or services as commodities. Explain your reasoning.Write your overall thoughts about the film. Between the McDonald brothers and Ray Kroc, who is the businessman and who is the entrepreneur, how and why? In the movie the founder (2016) answer the following: What production techniques did the McDonald Brothers apply in their business to differentiate themselves from other similar restaurants? "Speed is the name of the game” Describe this notion and explain how this was achieved at McDonald's at that time.
- Consider each category of Value Chain activities below. In each category, list activities the company performs in ways that help contribute to the company’s competitive advantage (use bullet points, use as much space as needed). For each activity you list, note how the company performs it in a way that contributes to increased profitability (i.e. note whether it contributes to lower costs or to increased value for the customer). If the company is not performing well, you should note the activities in which it is underperforming. Supply Chain Management Operations Distribution Marketing & Sales Service Human Resource Management R&D/Technology General Management / Firm InfrastructureA value chain analysis asks you to evaluate the business' features with the goal of identifying those that can be improved, so the business can deliver the most value for the least possible cost. Identify 1 (one) primary activity and 1 (one) support activity that Hershey has optimized in its business. Be specific as to how this activity increases value or decreases costs.Research and write a short paper (two pages maximum) about your cell phone provider. What are its mission, strategy, and competitive priorities? How is sustainability incorporated into its strategy, value chain, and operations?
- Give some examples of core competencies that would not be outsourced.Kamal Fatehl, production ma nager of Kennesaw Manufacturing, finds his profit at $15,000 (as shown in the following statement)- inadequate for expanding his business. The bank isinsisting on an improved profit picture prior to approval of a loan for some new equipment. Kamal would like to improve the profit line to $25,000 so he can obtain the bank's approval for the loan. a) What percentage improvement is needed in a supply chain strategy for profit to improve to $25,000? What is the cost of material with a $25,000 profit?b) What percentage improvement is needed in a sales strategy for profit to improve to $25,000? What must sales be for profit to improve to $25,000?Based on the existing environment & the situation at John Francois Stores, & as the Consultant hired by the Company Suggest 4 strategies by name that the Company could undertake to maintain a competitive advantage, and provide a brief explanation of what each strategy means. John Francois Stores Mr. Francois, a very successful businessman is contemplating his next move at the age of 70. As a young man at the age of 16, he dreamt of becoming a “businessman” and would go into stores in the city where he lived and observe how personnel operated. In his exploits, he became very friendly with many of the business owners in the city. As time passed, John Francois obtained four (4) Advanced Level subjects (Mathematics, Geography, English Literature and Spanish). He also enrolled in a Technical Vocational institution and pursued short courses in tiling, plumbing, masonry and electrical maintenance for which he gained certification. Through his qualifications, John was able to secure…
- 1.How would you distinguish between operations processes and supply chain processes? With an example, illustrate how servitisation may be used by manufacturing organisations. What is the relationship between efficiency and value? Why is sustainability an important component in a firm’s strategy development? The Shell Oil Company has “People, Planet and Profit” as its triple bottom line phrase. Whatdoes the term “People” as contained in the phrase mean? Why must supply chain risks be determined and managed? From an economic point of view, provide a justification for product and service design orredesign. State one consequence a firm is likely to suffer as a result of a lengthy product design. Explain why quality is cited by CEOs and business leaders as the most important factor in thelong-term profitability and success of the firm. What production strategy would you say best describes the construction of the Akosombodam? Identify the production process likely to be used by a…Answer Questions 1,2,and 4 : 1. As of 2017, what type of manufacturing process did LWT appear to be using? What level of customization was it offering? Where was the point of customization? 2. UsingTable3.2andFigure3.12asguides,howwouldyou describe the service side of LWT’s business prior to 2018? What were the managerial challenges? 4. Using Table 3.2 and Figure 3.12 as guides, how will the service side of the house change in 2018? What will the new managerial challenges be?What are the merits of outsourcing the performance of certain value chain activities as opposed to performing them in-house? Under what circumstances does outsourcing make good strategic sense?