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- One of the traits concerning core competencies and competitive capabilities that are important to organization building is: a. Core competencies rarely consist of narrow skills or the work efforts of a single department. More often, they are bundles of skills and know-how growing out of the combined efforts of cross-functional work groups and departments performing complementary activities at different locations in the firm’s value chain. b. Because core competencies typically reside in the combined efforts of different work groups and departments, individual supervisors and department heads cannot be expected to see building the overall corporation’s core competencies as their responsibility. Rather, the building and nurturing of core competencies is the responsibility of every employee. c. The key to leveraging a company’s core competencies into competitively valuable capabilities with potential for short-term competitive advantage is concentrating more…It has been Sam's long-standing dream to run a venture business. He had envisioned an online shirt-reselling business and started it with some of his friends as soon as he graduated. As the shirt-reselling market has grown year by year, he received the investment for the business and could set up an office. The venture has expanded rapidly, but the ways to handle tasks have not been effective thus far. Before starting a venture, Sam was close to his friends; however, they had not known each other well. Even after doing a business, Sam needed to engage in most of the tasks. Sam feels that the ways of working with other members must change to catch up with the dynamic market more effectively. Also, it needs to hire new employees. Foremost, he wants new employees to excel at teamwork. It needs to set up a short training session for newcomers; however, Sam is not sure how to accurately explain what it means to be an “effective team member” during the session. a. Describe the current task…Create a plan of operations for a service oriented business in the tourism industry of Grenada. The business is a tour company called tropical voyage. The plan of operations should include: 1. Form of ownership chosen and reasoning. Preferably partnership. 2. Company structure (organizational charts) 3. Compensation and benefits packages. 4. Staffing plans.
- Describe mission, service, and leadership and explain their interraltionship with each other. (Cite examples if possible)How do you introduce the reader to how organization and operation strategies align to drive competitive advantage? How do you introduce the reader to the operations functions (marketing and sales, finance, and operations) and how would a company collaborate to manage a business operation?A. Explain howknowledge of operations function of an organization contribute to the strategic advantage ofthat organization. B. How will you improve the market position of a government ownedenterprise if government decide to appoint you as managing director of that company.
- - Business Model is in tabular form is shown and 10 discussed in class. Explain Business Model in words mentioning a] Organizational Function/Process/Department b] Management process -POIC c] 10 Critical and strategic decision areas and 3 flows of SCM Comment if these critical areas and flows of SCM are present in all departments d] Create a relationship (in hierarchy form] between Activities – Operations - System e] comment- How Understanding of this relation can bring the operational excellenceThe three areas of management, research and development, and strategy are predicted to have the most skill shortages, with notable regional differences amongst operations management executives. Explain why the lack of R&D professionals worries Indian CEOs more than the lack of managerial talent. Utilise pertinent instances. Explain why the lack of R&D professionals worries Indian CEOs more than the lack of managerial talent. Relevant illustrations must be given.What type of management system would support the creation, organization and dissemination of business knowledge to staff throughout a company. a.Management information system. b.Strategic information system. c.Knowledge management system. d.Executive management system. Two concepts that shape much of the strategy that companies employ are: a.Value chain analysis and applying the five forces model. b.Applying the forces model and an integrated approach. c.Value chain analysis and having a competitive advantage. d.Applying the five forces model and having a competitive advantage. Profit and loss analysed by a company would need to access current sales figures and not access past sales figures from several years ago. What kind of information would this be? a.Information that is valid b.Information that is reliable. c.Information that is accurate. d.Information that is timely.
- Fast moves or "Speed to Market" is a crucial operations strategy in today's fast-pacedbusiness environment, where the ability to introduce new products or services quickly canprovide a significant competitive advantage.a. Briefly discuss the importance of "Speed to Market" as an operations strategy intoday's fast-paced business environment.b. List two (2) real-world companies that have successfully employed this strategyto gain a competitive advantage and capitalise on emerging market opportunities.c. Compare and contrast the impact of "Speed to Market" on the success of thesecompanies with those that have been slow to respond to changing marketdemands.Kindly provide an example of a business proposal in particular- Restaurant and Indicate key inputs required to produce final good or service and what key elements are required in the transformation process. And relate to the topics below: - Operations main costs and strategic roles of business - Role of operations, input and outputs, examples - Importance and examples of operation management roles in today's business worldInternal Analysis This assignment is based on the NIKE Company In this section, you will study the internal resources, capabilities, core competencies, and value chain of your selected firm 1 Use the VRIO framework to identify the competitive position held by your firm Which, if any, of these resources are helpful in sustaining the firm’s competitive advantage? 2 Identify the core competencies that are at the heart of the firm’s competitive advantage (Remember, a firm will have only one, or at most a few, core competencies, by definition) Submit a report on you findings that is clearly written, well formatted and thoroughly covers this issue Besides addressing each prompt you should justify your answer with significant detail and examine any implications that the issue has on their business strategy