OPERTATIONS MGMT:SUSTAINABILITY
2nd Edition
ISBN: 9781323751718
Author: HEIZER
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 2, Problem 3P
Summary Introduction
To determine: Ranking for global competitiveness in the following nations
Introduction:
The global competitiveness of a nation is the different policies and economic reforms. The index will assess the reforms which are aimed at improving the prosperity of the citizens every year. It will also assess how productively a country is utilizing its resources.
They measure the factors that create the sustainable trend and reforms that help to create an increasing prosperity for the citizens. They are scored from 1 to 7 where 7 being the highest score of competitive index.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
China-Pakistan Economic Corridor (CPEC) and Pakistan's National Innovation System
National Innovation System
The National Innovation System (also NIS, National System of Innovation) is the flow of technology and information among people, enterprises, and institutions which is key to the innovative process on the national level. According to innovation system theory, innovation and technology development are results of a complex set of relationships among actors in the system, which includes enterprises, universities, and government research institutes. Provided below is a generic model of the National Innovation System;
Answer the following items in no more than 10 sentences
Explain how factors of marketing and operations affect the competitiveness of an organization.
Pick a factor that determines global competitiveness and explain how it affects the competitiveness of an organization.
Discuss how management practices in Asian countries improve over the years
Using the VRIO analysis model, analyse the SMC Ltd competitive advantage that will impact their business performance in South Africa in the below extract.
SMC ltd is a subsidiary of the Swedish-based Andvik Group, which operates in 130 countries. SMC is a major supplier and marketer of underground mechanized mining products to the mining and major infrastructure sector. Locally,SMC is run strategically by a board that is mainly non-executive and includes managing director and country manager, Jim Tolley.SMC’s outstanding performance over the last six years is based on a strategy of improving customers’ operational efficiencies and profitability through the development of high-tech engineering products. SMC boasts a global increase of 6% sales growth and a 17% return on capital employed. SMC plans to double in size over the next five years. ‘We make it possible’, is SMC’s slogan.SMC is a service-orientated organization that prioritizes listening to clients’ to ensure that products…
Chapter 2 Solutions
OPERTATIONS MGMT:SUSTAINABILITY
Ch. 2 - Prob. 1EDCh. 2 - Prob. 1DQCh. 2 - Prob. 2DQCh. 2 - Prob. 3DQCh. 2 - Prob. 4DQCh. 2 - Prob. 5DQCh. 2 - Prob. 6DQCh. 2 - Prob. 7DQCh. 2 - As a library or Internet assignment, identify the...Ch. 2 - Prob. 9DQ
Ch. 2 - Prob. 10DQCh. 2 - Prob. 11DQCh. 2 - Prob. 12DQCh. 2 - Prob. 13DQCh. 2 - Prob. 14DQCh. 2 - Prob. 15DQCh. 2 - Prob. 16DQCh. 2 - Prob. 17DQCh. 2 - Prob. 18DQCh. 2 - Prob. 1PCh. 2 - Prob. 2PCh. 2 - Prob. 3PCh. 2 - Prob. 4PCh. 2 - Within the food service industry (restaurants that...Ch. 2 - Prob. 6PCh. 2 - Prob. 7PCh. 2 - Prob. 8PCh. 2 - Prob. 9PCh. 2 - Prob. 10PCh. 2 - Prob. 11PCh. 2 - Prob. 12PCh. 2 - Prob. 13PCh. 2 - Rapid-Lube A huge market exists for automobile...Ch. 2 - Rapid-Lube A huge market exists for automobile...Ch. 2 - Rapid-Lube A huge market exists for automobile...Ch. 2 - Prob. 1.1VCCh. 2 - Prob. 1.2VCCh. 2 - Prob. 1.3VCCh. 2 - Prob. 1.4VCCh. 2 - Prob. 2.1VCCh. 2 - Prob. 2.2VCCh. 2 - Prob. 2.3VCCh. 2 - Prob. 3.1VCCh. 2 - Prob. 3.2VCCh. 2 - Prob. 3.3VCCh. 2 - Prob. 3.4VC
Knowledge Booster
Similar questions
- Answer the following items in no more than 10 sentences Explain how factors of marketing and operations affect the competitiveness of an organization. Pick a factor that determines global competitiveness and explain how it affects the competitiveness of an organization. How management practices in Asian countries improve over the years?arrow_forwardDefine Sustainable Competitive Advantage. Name a company you believe has achieved a sustainable competitive advantage, identify their "advantage," and describe how that company maintains its advantage.arrow_forwardFoxconn employs 1 million people. The electronics giant has tried to replace human labour in China with robots, but it still hires many adolescent interns on short-term contracts. It has more than 40 plants in China, including Chengdu, Zhengzhou, Shenzhen, Beijing, and Shanghai. Foxconn, founded in 1974 in Taiwan, is a global supply chain leader. The corporation creates iPhones, iPads, iPods, Kindles, laptops, cameras, games, and TVs (and more). Foxconn ranks 23rd on the Fortune Global 500, with $175 billion in yearly sales. Foxconn's manufacturing facilities are more aptly defined as 'cities' or 'campuses' than factories. Over 500,000 people lived and worked at Foxconn in Shenzhen, South China, in 2010, when it made iPhones, iPads, and other electronics. Many rural migrant labourers work in these megacities. Many of these workers reside in workplace dormitories with 12 bunk beds each (some have 24 employees in one dorm room). Of note, because of context factors and political and…arrow_forward
- Foxconn employs 1 million people. The electronics giant has tried to replace human labour in China with robots, but it still hires many adolescent interns on short-term contracts. It has more than 40 plants in China, including Chengdu, Zhengzhou, Shenzhen, Beijing, and Shanghai. Foxconn, founded in 1974 in Taiwan, is a global supply chain leader. The corporation creates iPhones, iPads, iPods, Kindles, laptops, cameras, games, and TVs (and more). Foxconn ranks 23rd on the Fortune Global 500, with $175 billion in yearly sales. Foxconn's manufacturing facilities are more aptly defined as 'cities' or 'campuses' than factories. Over 500,000 people lived and worked at Foxconn in Shenzhen, South China, in 2010, when it made iPhones, iPads, and other electronics. Many rural migrant labourers work in these megacities. Many of these workers reside in workplace dormitories with 12 bunk beds each (some have 24 employees in one dorm room). Of note, because of context factors and political and…arrow_forwardUse the case information to answer the questions that follow.KFC is the world’s most popular chicken restaurant chain with over 23,000 KFC outlets in more than140 countries and territories around the world including Ghana. Its original recipe chicken, cole slaw and fries can be found in KFC outlets all over the world and tastes basically the same wherever you go. The globalization of KFC’s supply chain has offered tremendous opportunity, as well as increased risk, in its development. In the 1970s and 1980s, Japan, Australia, and United Kingdom accounted for the greatest share of the KFC’s international expansion. Following these, other markets such as China, Europe and Latin America became attractive, offering expansion opportunities. By 1996, KFC was operating in Mexico, the Caribbean, and in the Central and South America. Many of these cultures were difficult to penetrate because of strong culinary traditions. KFC previously failed in German markets because Germans were not…arrow_forwardUse the case information to answer the questions that follow.KFC is the world’s most popular chicken restaurant chain with over 23,000 KFC outlets in more than140 countries and territories around the world including Ghana. Its original recipe chicken, cole slaw and fries can be found in KFC outlets all over the world and tastes basically the same wherever you go.The globalization of KFC’s supply chain has offered tremendous opportunity, as well as increased risk, in its development. In the 1970s and 1980s, Japan, Australia, and United Kingdom accounted for the greatest share of the KFC’s international expansion. Following these, other markets such as China, Europe and Latin America became attractive, offering expansion opportunities. By 1996, KFC was operating in Mexico, the Caribbean, and in the Central and South America. Many of these cultures were difficult to penetrate because of strong culinary traditions. KFC previously failed in German markets because Germans were not accustomed…arrow_forward
- DHL is an international delivery services company with a global footprint. The core competence of DHL is the efficiency of inbound and outbound logistics that leads to superior service. The business model is built around the collection, storage and distribution of postal packages. Explain the key factors that can determine competitive advantage in the digital economy, using DHL as an example.arrow_forwardChoose any international company that has outsourced one of its business functions to a local company in their international operation (For example DHL’s use of a local Indian company for its inbound freight distribution in India) and critically discuss the benefits and drawbacks of its outsourcing arrangement with the local company. An outsourcing arrangement between the two companies should post 2010. (500 words)arrow_forwardHow is a diversification strategy related to the sustainable growth and development of an organization? Provide an example of a company that employed this strategy.arrow_forward
- ADD MORE TO THE CONCLUSION BELOW In conclusion, Amazon Business has had a significant impact on society, and it is essential to analyse this impact through the lens of sustainable development. By prioritising responsible management that considers the three pillars of sustainability - social, economic, and environmental - Amazon can ensure that its impact is positive and sustainable for the long term. Amazon has played a significant role in shaping the e-commerce industry and has contributed to economic growth. However, the company's operations have raised concerns about working conditions, market monopolisation, and environmental impact. Therefore, there is a need for responsible management to ensure sustainable development. Amazon should improve working conditions, promote fair competition, and adopt environmentally sustainable practices. By doing so, Amazon can play a positive role in society and achieve sustainable development. To improve its impact on society, Amazon should focus…arrow_forwardCompetitive Dynamic Tesla has recently announced that the will be cutting prices on their cars by up to 20%. Analyze the likelihood that Ford will respond, and the likely form any response will take. Using the competitive dynamics model, it is likely that Ford will respond to Tesla's price cut by taking a competitive action of their own, in order to maintain their market position and market share. In terms of the likely form of response, Ford may choose to respond with its own price cuts, in order to remain competitive with Tesla in the electric car market. Alternatively, Ford may focus on improving the quality and features of their cars, rather than simply competing on price, in order to differentiate themselves from Tesla's models. This could involve investing in research and development to improve the performance and functionality of their cars, or focusing on customer service and creating a better overall customer experience. It is also possible that Ford may respond by…arrow_forwardBelow is a list of challenges that organizations are currently confronted with. • Increased Outsourcing • Global sourcing • Technology • Growth in Asia and other developing markets • Improved customer analytics • Data capture and transfer capabilities • Environmental initiatives • Government involvement 1. As an internal auditor, you are to identify, assess, and properly respond to the risks associated with the above challenges Choose three from the list of challenges and identify the risks associated and identify the controls, processes and procedures that need to be in placed to mitigate the risks involved.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning