What kind of advantages does the implementation of the Management System bring? Select one: Sometimes these are advantages and sometimes they are disadvantages. Increases market share. Encourages the creation of added value in the realisation of the product or service.
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What kind of advantages does the implementation of the Management System bring?
Select one:
- Sometimes these are advantages and sometimes they are disadvantages.
- Increases market share.
- Encourages the creation of added value in the realisation of the product or service.
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- You are an operations manager for a shoe manufacturer. Your responsibilities could be grouped by which of the following three areas? (Choose three answers.) Group of answer choices Quality control Customization Production planning Intangibility Production control Customer contactYou have been hired as the chief Operations Officer for ABC Company, a company that focuses on a textile manufacturing. The CEO has expressed a concern that it is taking too long and costing too much for ABC to produce their textiles. You have been given the goal of reducing production run time by 25% and cost by 10% over the next 12 months. In at least 200 words, discuss what your strategy would be to meet or exceed the CEO's goal. Make sure to base your strategy on at least two of the five strategies (process, product, location, layout and quality).As opposed to identifying opportunities and threats, identifying a company’s strengths and weaknesses in SWOT analysis can involve all but which of the following?a. Careful analysis of the company’s sustainability statementb. Analysis of the company’s code of ethicsc. Evaluation of the company’s operations, strategy, and management competenced. Review of the company’s industry and competitive environment
- When a person is given the permission to spend the organization’s money on activities that will bring about new customers and increase sales revenue. What is the option that best describes this person? a. Field executive b. Security agent c. Company supplier d. ProducerProvide a brief definition or explanation for the following term within the context ofbusiness management together with an example. You are required to define the term in yourown words.Please note: please add your own original examples 1.performance or control standard (context of control process).Effective management is using staff, time, and resources wisely to minimize unnecessary costto the organisation. Is this statement true or false
- Determine whether the following items are objectives in the following areas: Financial, Internal Process, Customer, or Learning and Growth Number of tax associates who undertook the webinar on the TRAIN Law Updates organized by the employer *a. Financialb. Internal Processc. Customerd. Learning and GrowthOne of the managers explained, "All the sections' performances are benchmarked against each other". Specify the managerial function that the manager is conducting in this statement.1. A supermarket is looking to implement a decision support system, however management remains unconvinced of the possible benefits of this investment to the company. As the new IS Manager, justify the benefits of this system. 2.. Strategic Information Systems can be considered as one of the competitive advantages of a business. True or False? Justify using three (3) examples
- Which among the following is one of the advantages of the McKinsey 7S model 1-It is considered a long-term model 2-With the changing nature of businesses, it remains to be seen how the model will adapt. 3-It seems to rely on internal factors and processes and may be disadvantageous in situations where external circumstances influence an organization. 4-It is considered a longstanding theory, with numerous organizations adopting the model over time.A resource is considered valuable if it can be utilized to exploit an external opportunity or neutralize a potential threat. A resource is considered rare when there are few competitors in the industry that possess it. Thus, a resource that is valuable and rare has the potential to be a competitive advantage. However, environmental turbulence may make a competitive advantage transitory as competitors respond...To be considered a core competence, a resource must also be costly for competitors to imitate...And finally, an assessment of organizational capabilities must be made to determine whether the firm has the capabilities to support the exploitation of resources that are valuable, rare, and costly to imitate in order to create a core competence on which to build the firm's competitive strategy. Which of your personal resources and capabilities rise to the level of core competencies as they relate to your career (which is Human Resources)? What makes them valuable? What makes them…You have been named manager of a manufacturing firm for garments. You also discovered since joining the business that a number of fabric products are discarded. Any of these waste products may really be sold, but they are thrown as trash. Many customers err in their sewing practises, reducing their performance. The raw materials bought by a few manufacturers are costly. Any of these problems caused the business losses. After taking responsibility as a production manager, you told all workers to save and sell all fabric waste to get money for the business. You provided training for the workforce which helped to increase the company's productivity and benefit. You also already changed vendors and saved the business a lot of capital. The corporation was inspired with you and thanked your diligent work and you got a nice reputation. Explain the legal moves to minimise the loss for the business