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- 6. Which of the following is not identified as a strategy common to many successful service providers? Close coordination between the marketing and operations a b. The exploitation of information to generate new business A project-oriented organizational structure d. Redirection of the strategic service vision inward to focus on employees1. How processes or tools strategy will help a company achieve its objective. 2. How will a business objective help the company know whether it performs well enough to meet its goals?1. How can the PDCA Tool help in improving the productivity and quality problem of an organization? (Explain in 30 to 50 words) 2. Aside from organizational cost, revenue, delivery, quality, and productivity problems, what other areas of life can the PDCA tool be used or applied? Site one example and explain why. (Explain in 30 to 50 words)
- Which business process takes into consideration the deficiencies identified by another process and the goals of the business? a.The value chain process. b.The work system process. c.The to-be process. d.The as-is process. What is a value chain? a.Steps used to create a product for retail. b.The set of activities used to create equipment for a customer. c.The creation of a product or service for a customer using a set of activities. d.Steps used to initiate a product for wholesale. Strategic management makes unscheduled, ad hoc decisions. Select one: True FalseFor each of these cases, on photo prepare for building a model by reading the full case and answering the following questions. 1. Explore the mess by answering the following questions: (a) What do we know? (b) What can we assume? (c) What could the results look like? (d) What information can be brought to bear? (e) What can we ask the client? (f) Are there any similar situations or problems? 2. Formulate one or more problem statementsQ1)A. In which way such categories as Strategy, Organization and Information System are related? B. How IT can improve business processes?
- Required information Outline: Introduction: Understanding Business Operations/Operations Management Practice Activities: 1. Identify the associated tasks of each business operations component. A Closer Look: Voluntrip’s Operational Framework 2. Create business operations plan. INTRODUCTION: Understanding Business Operations/Operations Management Business operations/operations management includes the management and oversight of the physical location, facilities, equipment, inventory, warehousing, information managements systems, and people, that are required to manage a business. Understanding and effectively managing the day-to-day business operations are the keys to establishing and maintaining a successful business. Business operations/operations management encompasses three major business imperatives: Generate recurring revenue Increase the value of business assets Secure income and value for the business While each business imperative exists…1. The Production/Operations function is considered as the core function of the organization because: A. It’s the function directly responsible for converting inputs into outputs of good and services B. Most of the controllable assets of the organization are allocated to it C. Both A and B D. Neither A nor B 2. The user-based definition of quality is meaningful to A. Product designers B. Marketing personnel C. Production personnel D. Customer 3. This is much broader and long-term than competitive advantage. A. Comparative advantage B. Economic advantage C. Absolute advantage D. Strategic advantageBalanced scorecard (BSC) is a strategic management performance Metric that helps companies identify and improve their internal operations to help their external outcomes. It measures past performance data and provides organizations with feedback on how to make better decisions in due course.(c) Describe how to apply a BSC ?(b) What are the BSC benefits ?
- Read the paragraph and answer the question. New Challenges for Material Department: Max Brisco indicated that he expected the materials group to play a major role in support of the new corporate strategy and needed to know by next week the specifics of Rick’s plan. The task force had set a number of ambitious targets. First, customer lead times for finished products were to be reduced to six weeks from the current average of 14 weeks. Second, the new objective for inventory turns was 20 times. Meanwhile, raw material stock-outs were to be eliminated. Third, Max believed that product standardization also would provide opportunities to reduce costs for purchased goods. He expected that costs for raw materials and components could be cut by 10 percent over the next 12 months. Rick fully supported the new direction that the company was taking and saw this as an opportunity to make major changes. He knew that Max would want the specifics of his plan during the meeting in a week’s time. 1.…At a time when the retail industry was undergoing rapid change andincreased competition, Fossil Group knew it needed to find more efficientand effective ways to keep its managers focused on performancemanagement and results. Performance Management Process Fossil Group was using a complex, 100% paper process for performance reviews and check-ins for more than 15,000 global employees. Theywanted to move toward a digital performance management strategy, butknew they needed to simplify the process first. Fossil Group set up four traditional components that were stretchedacross three strategic touch points throughout the year. These touchpoints were supplemented with ongoing performance conversations thatcould be initiated by any employee, at any time. As Fossil Group evolved its company-wide performance approach, theywere happy to see immediate progress. 92% of employees wereparticipating in goal-setting reviews, setting an average of six goals peremployee. However, when they dug into the…Services for managing processes?