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Prato 2018. 1PAGE Table of Contents1Introduction2Discussion (Week 8.docx
1
PAGE
Table of Contents
1Introduction
2Discussion (Week 8)
2Decision to be Made
2Stakeholders
4Conclusion
5Discussion (Week 9)
5States of Nature
8Decision Tree
9Conclusion
10References
This week’s paper identifies an important decision I have to make in my Company. This is a group decision that involves the provision of a comprehensive enterprise resource planning technological system for our operations.
Introduction
Decision-making is an essential element in any society; determining specific actions people take to achieve progress. Moreover, it is always important for individuals with the responsibility to make critical decisions to understand the effects they are likely to have when applied in different contexts. Thus, they have to understand the environment in which the decisions they make will be implemented and the effects they are expected to have to all stakeholders. Furthermore, the level of involvement of various parties has to be considered before choices are made by an individual because this will determine how a decision will be received (Adair, 2013). In this paper, an important decision that needs to be made will be discussed in several steps, showing its consequences to various people it targets.
Discussion (Week 8)
Decision to be Made
The company needs a comprehensive enterprise resource planning technological system to make its operations more efficient. In effect, the information technology manager has been assigned the process to search for different vendors who will undergo a competitive bidding process. After the process is finalized, the winner will be given the task of developing and implementing an ERP system, which is customized to conform to the company’s needs (Adair, 2013). Crucially,
the firm is a mid-sized enterprise with a staff of about 250 employees working in various departments. Therefore, the decision made affects all functions in the business because it will determine the nature of results it is likely to attain from various activities. Moreover, some employees do not have the technical skills required to operate the system which is likely to affect how it will be implemented in the firm. Consequently, all stakeholders have to be involved in the decision-making process to enable the company to realize all objectives it has set in the industry (Adair, 2013). Stakeholders
There are different stakeholders involved in the process to ensure that when the system is implemented, it addresses all relevant organizational needs. Firstly, managers of various departments will liaise with the IT manager and propose the format the system will run on to ensure it enhances the organization’s capacity. Critically, they will be involved in developing a budget to ensure all costs are assessed effectively before the system begins to operate. Moreover, employees will be encouraged to share their views about the role they can play after some of its important functions are automated (Adair, 2013). Furthermore, it is als ...
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CHAPTER 2Analyzing the External Environment of the Firm
CHAPTER 2
Analyzing the
External Environment
of the Firm:
Creating Competitive
Advantages
Copyright Anatoli Styf/Shutterstock
1
Learning Objectives
After reading this chapter, you should have a good understanding of:
2-1 The importance of developing forecasts of the business environment.
2-2 Why environmental scanning, environmental monitoring, and collecting competitive intelligence are critical inputs to forecasting.
2-3 Why scenario planning is a useful technique for firms competing in industries characterized by unpredictability and change.
2-4 The impact of the general environment on a firm’s strategies and performance.
2-5 How forces in the competitive environment can affect profitability, and how a firm can improve its competitive position by increasing its power vis-à-vis these forces.
2-6 The concept of strategic groups and their strategy and performance implications.
©McGraw-Hill Education.
2
The Importance of External Environment
Consider. . .
The best CEOs are always aware of what’s going on outside their company. Their perceptual acuity allows them to sense what’s coming. Detecting early warning signals, keeping pace with changes in the external environment can sustain a competitive advantage.
©McGraw-Hill Education.
Recall the struggles of Land’s End in Chapter 1. Perceptual acuity = the ability to sense what is coming before the fog clears.
3
Enhancing Awareness of the External Environment
Exhibit 2.1 Inputs to Forecasting
©McGraw-Hill Education.
So how do managers become environmentally aware? By doing scanning, monitoring, and gathering competitive intelligence, and using these inputs to develop forecasts. Then scenario planning and SWOT analysis can be used to help anticipate major future changes in the external environment, preparing the firm to do more extensive analysis of the forces in the general environment and the industry or competitive environment.
4
Environmental Scanning & Monitoring
Environmental scanning involves surveillance of a firm’s external environment.
Predicts environmental changes to come
Detects changes already under way
Allows firm to be proactive
Environmental monitoring tracks evolution of environmental trends.
Sequences of measurable facts/events
Streams of activities or trends from outside the organization
©McGraw-Hill Education.
Environmental scanning = surveillance of a firm’s external environment to predict environmental changes and detect changes already under way. Is a BIG PICTURE viewpoint of the industry/competition, looking for key indicators of emerging trends – what catches your eye? Alerts the firm to critical trends before changes have developed a discernible pattern and before competitors recognize them. Environmental monitoring = a firm’s analysis of the external environment that tracks the evolution of environmental trends, sequences of events, or streams of activities. Monitor the trends that have the potential to change the competitive landscape – w ...
2020 Risk Mitigation Strategies For Inventory Shortages | Supply Chain Manage...
August 4th, 2020 - Nonstop Reliability webinar. Visit nonstopreliability.com to join our next webinar.
Supply Chain: Risk Mitigation Strategies For Inventory Shortages
The COVID-19 pandemic has been a perfect storm to highlight the gap in most supply chain strategies. We had looked at quality versus cost, we made sure we had a secondary supplier, we optimized inventory on hand based upon lead times and demand to keep cash flow up, and then we got hit. We had not considered the impact of whole countries shutting down, or inter-continental shipping grinding to a halt. Here we will take a look at how to address the gaps that COVID-19 has exposed and others we have not yet even considered.
Risk Assessment(50 points)Directions Use the case study t.docx
Risk Assessment
(50 points)
Directions: Use the case study to provide answers to the following questions.
Case Study: “Illness Associated with Drift of Chloropicrin Soil Fumigant into a Residential Area—Kern County, California, 2003,” located on p. 154 of the textbook
Issue Identification
What is causing the identified problem?
Why is the problem a problem?
How was the problem initially identified?
What are the public perceptions of the hazard?
Hazard Identification
What types of adverse health effects might be caused by the problem?
How quickly and for what duration might the problem be experienced?
Dose Response Assessment
Evaluate both qualitative and quantitative toxicity information to estimate the incidence of adverse effects occurring in humans at different exposure levels.
Exposure Assessment for the Relevant Population
Determine the frequency, magnitude, extent, duration, and character of exposures to the hazard.
Risk Characterization
Detail the nature and potential incidence of effects for the exposure conditions described in the exposure assessment.
© 2011. Grand Canyon University. All Rights Reserved.
WEEK 9 ASSIGNMENT
Dealing with Risk, Asymmetric Information, and Incentives
INTRODUCTION
Choice of a company
Continue research on Southwest Airlines, or
Select another company, or
Select the company you work for
Size of paper
Six to eight (6–8) pages
QUESTION 1
Evaluate a company’s recent (within the last year) actions dealing with risk and uncertainty. (10 %)
Difference between risk and uncertainty
Risk is how we characterize uncertainty about values that vary.
Risk is modeled using random variables multiplied by their probabilities.
Uncertainty refers to the distribution of the random variables.
Which probabilities should be assigned to the various values the random variables can take?
QUESTION 1
Evaluate a company’s recent (within the last year) actions dealing with risk and uncertainty. (10 %)
When you’re uncertain about the costs or benefits of a decision, replace numbers with random variables and compute expected costs and benefits.
Analyze common types of uncertainty and risk your company faces. For example:
Uncertainty in pricing
Uncertainty in dealing with suppliers and distributers
…
QUESTION 2
Offer advice for improving risk management. (15 %)
By modeling uncertainty, you can:
Learn to make better decisions
Identify the source(s) of risk in a decisions
Compute the value of collecting more information.
Difference-in-difference estimators are a good way to gather information about the benefits and costs of a decision.
The first difference is before versus after the decision or event.
The second difference is the difference between a control and an experimental group.
If you are facing a decision in which one of your alternatives would work well in one state of the world, and you are uncertain about which state of the world you are in, think about how to minimize expected error costs.
QUESTION.
EY Performance Journal - Volume 5, Issue 4
Global economic growth is finally picking up, albeit slowly, and the opportunities are there for those organizations ready to face the associated risks and challenges. The latest issue of Performance magazine delves into some of these challenges as well as the opportunities.
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Mtm9 white paper macro-environmental (steep) analysis
This document provides an overview of macro-environmental (STEEP) analysis, which examines the external social, technological, economic, environmental, and political factors that influence an organization. STEEP analysis involves scanning these macro-level factors to identify opportunities and threats in order to understand the overall context surrounding an industry. The results of STEEP analysis provide insights into how these external forces could impact a company. While useful for strategic planning, challenges in applying STEEP analysis include difficulties interpreting factors, inaccuracies in forecasts, short-term orientations, and lack of acceptance by management.
Quality and EthicsQuality appears to be good business. Quality i.docx
Quality and Ethics
Quality appears to be good business. Quality is also good ethics. It is unethical to ship defective products knowingly to a customer. Reliable products and low defect rates reflect an ethical approach of management’s care for its customers. This ethic is stated in the well-known mission statement of a New Bedford, Massachusetts, shipbuilder; “We build good ships. At a profit if we can, at a loss if we must. But, we build good ships.”
Quality Highlight 4-1: Solectron Corporation
www.solectron.com
Solectron Corporation is an independent producer of high-tech manufacturing services. This manufacturing includes the assembly of printed circuit boards and subsystems for computer makers and electronics product producers. In addition, Solectron provides system-level assembly services, such as assembly of PCs and mainframe computers. Activities performed by Solectron include design, production, assembly, consultation, and testing. Solectron has achieved outstanding results because of its strategic planning system and the personal leadership provided by its management.
By focusing on customer satisfaction, exploiting advanced manufacturing technology, and stressing continuous improvement in operations and service, the company has reached high levels of quality and efficiency, making it best-in-class and a world leader in production. Solectron is an American company that has competed successfully in international markets. Many competitors of Solectron are now customers because they found it was better to outsource to Solectron than to produce many products in-house. In addition, about 90% of all new work comes from returning satisfied customers.
Assessing Customer Needs
Solectron focused its planning processes on the customer. Solectron does not compete with its customers in designing and marketing products. Although it offers an original equipment manufacturers (OEM) design service, usually the company produces to its customers’ specifications and designs. As a result of understanding its customers, the company develops strategies to meet its customers’ requirements in the areas of service, quality, and cost. Solectron continually monitors customer satisfaction levels and conducts exhaustive research on competitors and markets.
Surveys of customers are conducted on a weekly basis. The results of these surveys go directly to the CEO, who reviews the information with top management in one of three weekly meetings on quality-related issues. The survey information is used to grade the performance of each of Solectron’s nine divisions.
Culture of Continuous Improvement
Solectron has developed a culture that reinforces continuous improvement. Developing this culture has required arduous strategic planning. A top management team is involved in a crusade to revitalize American manufacturing through quality. This team sets corporate targets and then works with teams to set supporting goals in functional areas. The company has pursued several ...
SWOT Successful Mortgage Bankers
The document summarizes a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis for the mortgage banking industry. It identifies the following as strengths: embracing change and flexibility, virtual work environments, self-identifying inefficiencies, and embracing technology. Weaknesses include due diligence issues, lack of data transparency, and regulatory ambiguity. Opportunities exist in transparency/accountability and business transformation. Threats include budget/staffing issues, organizational changes, legacy losses, and regulatory requirements.
g088889
This document summarizes challenges in managing component obsolescence for aerospace and defense products with long lifecycles. It discusses how constant innovation driven by Moore's Law leads to frequent component discontinuations. It outlines options for dealing with obsolescence like buying excess components, redesigning, or qualifying alternate sources. It also discusses how original component manufacturers closely guard lifecycle information and outlines the tiered system of component suppliers from franchised distributors with direct OCM relationships to open market sellers. The document advocates an enterprise risk management approach and collaboration with trusted suppliers to better understand and mitigate obsolescence risks.
Dr Harvey Maylor, Cranfield University presentation Governance SIG May 2013
Dr Harvey Maylor, Cranfield University presentation Governance SIG May 2013Association for Project Management
1. Governance plays a role in gaining strategic focus by requiring organizations to make hard trade-off decisions to focus on a narrow mission.
2. Governance can help manage complexity by understanding the different types of complexity projects may face and selecting project managers best suited to address each type.
3. Governance encourages intelligent client behaviors by recognizing highly complex aspects of projects, understanding potential paradoxes in decision-making for those areas, and operationalizing strategies that embrace intelligent approaches to risks, contracts, costs, integration, relationships, processes and learning.Benefits and Limitations Environmental Analysis
This document provides an overview of environmental analysis, including its meaning, benefits, and limitations. Environmental analysis helps organizations identify internal and external factors that can positively or negatively impact business. Some key benefits are that it allows companies to modify strategies, form new strategies based on threats and opportunities, identify risks and new technologies, understand how the environment impacts business, and analyze competitors. However, limitations include the uncertainty of forecasting future environmental factors, potential inaccuracies in estimating factor values, and lack of guarantee of environmental effectiveness for businesses.
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Organisations failing to fully understand their outsourced contracts and not including effective metrics and role accountabilities to monitor these often see cost overruns and project delays. There can also be reduced ROI against the outsourced agreement.
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performance. In real industrial case, problems are unavoidable and pose huge challenge to
accurately incorporate sustainability factors into supplier selection. Such problems include
imprecise data, ambiguity of human judgment, uncertainty among sustainability factors and the
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1PAGE Table of Contents1Introduction2Discussion (Week 8.docx
1
PAGE
Table of Contents
1Introduction
2Discussion (Week 8)
2Decision to be Made
2Stakeholders
4Conclusion
5Discussion (Week 9)
5States of Nature
8Decision Tree
9Conclusion
10References
This week’s paper identifies an important decision I have to make in my Company. This is a group decision that involves the provision of a comprehensive enterprise resource planning technological system for our operations.
Introduction
Decision-making is an essential element in any society; determining specific actions people take to achieve progress. Moreover, it is always important for individuals with the responsibility to make critical decisions to understand the effects they are likely to have when applied in different contexts. Thus, they have to understand the environment in which the decisions they make will be implemented and the effects they are expected to have to all stakeholders. Furthermore, the level of involvement of various parties has to be considered before choices are made by an individual because this will determine how a decision will be received (Adair, 2013). In this paper, an important decision that needs to be made will be discussed in several steps, showing its consequences to various people it targets.
Discussion (Week 8)
Decision to be Made
The company needs a comprehensive enterprise resource planning technological system to make its operations more efficient. In effect, the information technology manager has been assigned the process to search for different vendors who will undergo a competitive bidding process. After the process is finalized, the winner will be given the task of developing and implementing an ERP system, which is customized to conform to the company’s needs (Adair, 2013). Crucially,
the firm is a mid-sized enterprise with a staff of about 250 employees working in various departments. Therefore, the decision made affects all functions in the business because it will determine the nature of results it is likely to attain from various activities. Moreover, some employees do not have the technical skills required to operate the system which is likely to affect how it will be implemented in the firm. Consequently, all stakeholders have to be involved in the decision-making process to enable the company to realize all objectives it has set in the industry (Adair, 2013). Stakeholders
There are different stakeholders involved in the process to ensure that when the system is implemented, it addresses all relevant organizational needs. Firstly, managers of various departments will liaise with the IT manager and propose the format the system will run on to ensure it enhances the organization’s capacity. Critically, they will be involved in developing a budget to ensure all costs are assessed effectively before the system begins to operate. Moreover, employees will be encouraged to share their views about the role they can play after some of its important functions are automated (Adair, 2013). Furthermore, it is als ...
Beim Levesque LRP 2006
This document discusses using Multiple Criteria Decision Analysis (MCDA) to help companies select countries for new business ventures. MCDA provides a formal, rigorous approach to evaluate multiple criteria, integrate both objective and subjective factors, and help decision-makers understand trade-offs between options. The document provides background on MCDA and reviews literature showing MCDA has not been widely used for country selection, especially among small businesses. It then presents an example MCDA model to analyze country selection criteria and rank potential countries.
CHAPTER 2Analyzing the External Environment of the Firm
CHAPTER 2
Analyzing the
External Environment
of the Firm:
Creating Competitive
Advantages
Copyright Anatoli Styf/Shutterstock
1
Learning Objectives
After reading this chapter, you should have a good understanding of:
2-1 The importance of developing forecasts of the business environment.
2-2 Why environmental scanning, environmental monitoring, and collecting competitive intelligence are critical inputs to forecasting.
2-3 Why scenario planning is a useful technique for firms competing in industries characterized by unpredictability and change.
2-4 The impact of the general environment on a firm’s strategies and performance.
2-5 How forces in the competitive environment can affect profitability, and how a firm can improve its competitive position by increasing its power vis-à-vis these forces.
2-6 The concept of strategic groups and their strategy and performance implications.
©McGraw-Hill Education.
2
The Importance of External Environment
Consider. . .
The best CEOs are always aware of what’s going on outside their company. Their perceptual acuity allows them to sense what’s coming. Detecting early warning signals, keeping pace with changes in the external environment can sustain a competitive advantage.
©McGraw-Hill Education.
Recall the struggles of Land’s End in Chapter 1. Perceptual acuity = the ability to sense what is coming before the fog clears.
3
Enhancing Awareness of the External Environment
Exhibit 2.1 Inputs to Forecasting
©McGraw-Hill Education.
So how do managers become environmentally aware? By doing scanning, monitoring, and gathering competitive intelligence, and using these inputs to develop forecasts. Then scenario planning and SWOT analysis can be used to help anticipate major future changes in the external environment, preparing the firm to do more extensive analysis of the forces in the general environment and the industry or competitive environment.
4
Environmental Scanning & Monitoring
Environmental scanning involves surveillance of a firm’s external environment.
Predicts environmental changes to come
Detects changes already under way
Allows firm to be proactive
Environmental monitoring tracks evolution of environmental trends.
Sequences of measurable facts/events
Streams of activities or trends from outside the organization
©McGraw-Hill Education.
Environmental scanning = surveillance of a firm’s external environment to predict environmental changes and detect changes already under way. Is a BIG PICTURE viewpoint of the industry/competition, looking for key indicators of emerging trends – what catches your eye? Alerts the firm to critical trends before changes have developed a discernible pattern and before competitors recognize them. Environmental monitoring = a firm’s analysis of the external environment that tracks the evolution of environmental trends, sequences of events, or streams of activities. Monitor the trends that have the potential to change the competitive landscape – w ...
2020 Risk Mitigation Strategies For Inventory Shortages | Supply Chain Manage...
August 4th, 2020 - Nonstop Reliability webinar. Visit nonstopreliability.com to join our next webinar.
Supply Chain: Risk Mitigation Strategies For Inventory Shortages
The COVID-19 pandemic has been a perfect storm to highlight the gap in most supply chain strategies. We had looked at quality versus cost, we made sure we had a secondary supplier, we optimized inventory on hand based upon lead times and demand to keep cash flow up, and then we got hit. We had not considered the impact of whole countries shutting down, or inter-continental shipping grinding to a halt. Here we will take a look at how to address the gaps that COVID-19 has exposed and others we have not yet even considered.
Risk Assessment(50 points)Directions Use the case study t.docx
Risk Assessment
(50 points)
Directions: Use the case study to provide answers to the following questions.
Case Study: “Illness Associated with Drift of Chloropicrin Soil Fumigant into a Residential Area—Kern County, California, 2003,” located on p. 154 of the textbook
Issue Identification
What is causing the identified problem?
Why is the problem a problem?
How was the problem initially identified?
What are the public perceptions of the hazard?
Hazard Identification
What types of adverse health effects might be caused by the problem?
How quickly and for what duration might the problem be experienced?
Dose Response Assessment
Evaluate both qualitative and quantitative toxicity information to estimate the incidence of adverse effects occurring in humans at different exposure levels.
Exposure Assessment for the Relevant Population
Determine the frequency, magnitude, extent, duration, and character of exposures to the hazard.
Risk Characterization
Detail the nature and potential incidence of effects for the exposure conditions described in the exposure assessment.
© 2011. Grand Canyon University. All Rights Reserved.
WEEK 9 ASSIGNMENT
Dealing with Risk, Asymmetric Information, and Incentives
INTRODUCTION
Choice of a company
Continue research on Southwest Airlines, or
Select another company, or
Select the company you work for
Size of paper
Six to eight (6–8) pages
QUESTION 1
Evaluate a company’s recent (within the last year) actions dealing with risk and uncertainty. (10 %)
Difference between risk and uncertainty
Risk is how we characterize uncertainty about values that vary.
Risk is modeled using random variables multiplied by their probabilities.
Uncertainty refers to the distribution of the random variables.
Which probabilities should be assigned to the various values the random variables can take?
QUESTION 1
Evaluate a company’s recent (within the last year) actions dealing with risk and uncertainty. (10 %)
When you’re uncertain about the costs or benefits of a decision, replace numbers with random variables and compute expected costs and benefits.
Analyze common types of uncertainty and risk your company faces. For example:
Uncertainty in pricing
Uncertainty in dealing with suppliers and distributers
…
QUESTION 2
Offer advice for improving risk management. (15 %)
By modeling uncertainty, you can:
Learn to make better decisions
Identify the source(s) of risk in a decisions
Compute the value of collecting more information.
Difference-in-difference estimators are a good way to gather information about the benefits and costs of a decision.
The first difference is before versus after the decision or event.
The second difference is the difference between a control and an experimental group.
If you are facing a decision in which one of your alternatives would work well in one state of the world, and you are uncertain about which state of the world you are in, think about how to minimize expected error costs.
QUESTION.
EY Performance Journal - Volume 5, Issue 4
Global economic growth is finally picking up, albeit slowly, and the opportunities are there for those organizations ready to face the associated risks and challenges. The latest issue of Performance magazine delves into some of these challenges as well as the opportunities.
For further information visit: http://performance.ey.com/
Mtm9 white paper macro-environmental (steep) analysis
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Quality and EthicsQuality appears to be good business. Quality i.docx
Quality and Ethics
Quality appears to be good business. Quality is also good ethics. It is unethical to ship defective products knowingly to a customer. Reliable products and low defect rates reflect an ethical approach of management’s care for its customers. This ethic is stated in the well-known mission statement of a New Bedford, Massachusetts, shipbuilder; “We build good ships. At a profit if we can, at a loss if we must. But, we build good ships.”
Quality Highlight 4-1: Solectron Corporation
www.solectron.com
Solectron Corporation is an independent producer of high-tech manufacturing services. This manufacturing includes the assembly of printed circuit boards and subsystems for computer makers and electronics product producers. In addition, Solectron provides system-level assembly services, such as assembly of PCs and mainframe computers. Activities performed by Solectron include design, production, assembly, consultation, and testing. Solectron has achieved outstanding results because of its strategic planning system and the personal leadership provided by its management.
By focusing on customer satisfaction, exploiting advanced manufacturing technology, and stressing continuous improvement in operations and service, the company has reached high levels of quality and efficiency, making it best-in-class and a world leader in production. Solectron is an American company that has competed successfully in international markets. Many competitors of Solectron are now customers because they found it was better to outsource to Solectron than to produce many products in-house. In addition, about 90% of all new work comes from returning satisfied customers.
Assessing Customer Needs
Solectron focused its planning processes on the customer. Solectron does not compete with its customers in designing and marketing products. Although it offers an original equipment manufacturers (OEM) design service, usually the company produces to its customers’ specifications and designs. As a result of understanding its customers, the company develops strategies to meet its customers’ requirements in the areas of service, quality, and cost. Solectron continually monitors customer satisfaction levels and conducts exhaustive research on competitors and markets.
Surveys of customers are conducted on a weekly basis. The results of these surveys go directly to the CEO, who reviews the information with top management in one of three weekly meetings on quality-related issues. The survey information is used to grade the performance of each of Solectron’s nine divisions.
Culture of Continuous Improvement
Solectron has developed a culture that reinforces continuous improvement. Developing this culture has required arduous strategic planning. A top management team is involved in a crusade to revitalize American manufacturing through quality. This team sets corporate targets and then works with teams to set supporting goals in functional areas. The company has pursued several ...
SWOT Successful Mortgage Bankers
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g088889
This document summarizes challenges in managing component obsolescence for aerospace and defense products with long lifecycles. It discusses how constant innovation driven by Moore's Law leads to frequent component discontinuations. It outlines options for dealing with obsolescence like buying excess components, redesigning, or qualifying alternate sources. It also discusses how original component manufacturers closely guard lifecycle information and outlines the tiered system of component suppliers from franchised distributors with direct OCM relationships to open market sellers. The document advocates an enterprise risk management approach and collaboration with trusted suppliers to better understand and mitigate obsolescence risks.
Dr Harvey Maylor, Cranfield University presentation Governance SIG May 2013
Dr Harvey Maylor, Cranfield University presentation Governance SIG May 2013Association for Project Management
1. Governance plays a role in gaining strategic focus by requiring organizations to make hard trade-off decisions to focus on a narrow mission.
2. Governance can help manage complexity by understanding the different types of complexity projects may face and selecting project managers best suited to address each type.
3. Governance encourages intelligent client behaviors by recognizing highly complex aspects of projects, understanding potential paradoxes in decision-making for those areas, and operationalizing strategies that embrace intelligent approaches to risks, contracts, costs, integration, relationships, processes and learning.Benefits and Limitations Environmental Analysis
This document provides an overview of environmental analysis, including its meaning, benefits, and limitations. Environmental analysis helps organizations identify internal and external factors that can positively or negatively impact business. Some key benefits are that it allows companies to modify strategies, form new strategies based on threats and opportunities, identify risks and new technologies, understand how the environment impacts business, and analyze competitors. However, limitations include the uncertainty of forecasting future environmental factors, potential inaccuracies in estimating factor values, and lack of guarantee of environmental effectiveness for businesses.
final (2)
The document discusses the risks associated with the launch of the Microsoft Surface tablet in 2012 and the team's risk management plan. The team identified risks such as issues with common OEM partners, product malfunctions, low customer adoption, loss of reputation, advancing competitor technology, and high defect rates. They analyzed the risks qualitatively using a probability/impact matrix and quantitatively with an example tornado diagram. Their risk response plan was to mitigate risks through actions like signing contracts with partners, improved testing, enhancing usability, timely updates, research & development, and staff training.
Andrew J. LeeTIM 105Subhas DesaDue 102215HW#4Time-Pha.docx
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2. For the first problem, the document provides a sample decision tree analysis for determining whether to buy an umbrella based on the probability of rain. It shows how to calculate the expected monetary value and choose the option with the highest payoff.
3. For the second problem, the document discusses performing a sensitivity analysis on the decision tree to determine how robust the decision is to changes in probability assumptions. It emphasizes the importance of this analysis for project comparison and risk assessment.
Margin Performance Report - Exploring how companies can beat market expectations
In an environment characterized by uncertainty and global competition, margins are threatened like never before and cost optimization is running out of steam. How does margin relate to performance and how can margin be managed strategically?
Dr. Patrick Reinmoeller
Professor of Strategic Management
Cranfield School of Management
Cranfield University
Nasa Space Shuttle
The document discusses the need for a fundamental rethinking of business theory and strategies in light of sustainable development. It argues that making money can no longer be the sole focus of businesses and that they must consider their ecological and societal impacts. The authors question if conventional views of value creation and growth are blind to greener, more socially responsible approaches. They also raise whether public policy needs to better regulate businesses to align with societal needs. Six academic articles supporting a shift in perspectives on business management and strategy are referenced.
Strategy ToolKit
This Slideshare presentation is a partial preview of the full business document. To view and download the full document, please go here:
http://flevy.com/browse/business-document/strategy-toolkit-446
Strategy is often a challenging topic. This Toolkit will help you in the development of your business strategy with some models such as:
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*Five Forces Questions
*5 Market Test
*Generic Strategies
*Competitor Analysis
*SWOT
*TOWS Analysis
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This document discusses how predictive modeling can be integrated into workers' compensation claims handling processes to achieve better outcomes. It explains that early identification of high-risk claims using predictive models is only the first step, and that successful intervention strategies are also required once claims are identified. The document provides an example of how one company has integrated predictive analytics into its claims handling by using models to identify high-risk claims early and developing intervention strategies like drug utilization reviews. It stresses the importance of a feedback loop between claims experts and predictive modeling teams to continuously improve processes.
General environment
This document discusses environmental scanning and analyzing a company's external environment. It identifies key factors in the social, economic, political, and technological environment that companies should monitor. These include economic indicators, social trends, government regulations, and technological advances. The document also discusses tools for environmental scanning like PEST analysis and analyzing competitors, suppliers, markets and other forces in the external task environment. It emphasizes the importance of continuously scanning the external environment to identify opportunities and threats and ensuring the long term success of the company.
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LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
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Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Training: ISO/IEC 27001 Information Security Management System - EN | PECB
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Bpo management
- 1. Dear students get fully solved assignments Send your semester & Specialization name to our mail id : “ help.mbaassignments@gmail.com ” or Call us at : 08263069601 (Prefer mailing. Call in emergency ) AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724 Name : Arnold David Samuel Marks : 80 Course : Specialisation Subject : BPO Management Answer the following question. Question. 1. Why would a decision maker use expected opportunity loss in an outsource provider selection decision? Answer: A riskmeasure,expectedopportunityloss(EOL),isintroducedtoquantifythe potentialloss of makinganincorrectchoice inrisk-baseddecisionmaking. Minimax regretprinciple,EOLcanaccount forthe unboundedcontinuousrandomoutcomesof alternativesanddecisionmakers’acceptable risk. This article studies the effects of the forms of loss function, correlation among outcomes, and the acceptable riskon the rankingresultsby consideringthe lossfunctioninthe powerform.The results showthat the lossfunctionsandthe outcomescorrelationscansignificantlyinfluence the rankingsof alternatives in risk-based Question. 2. What is viewed as the basic failure in the current approach to making the international OI decision? AN ISO 9001 : 2008 CERTIFIED INTERNATIONAL B- SCHOOL
- 2. Answer:The failure analysisandmanagementhasastrategicdimensionfromthe financial,technical, engineering,social andeconomicalviewpointinoilandgas industriesallaroundthe world.Nowadays usingthe methodicalandalgorithmsforpossibleautomaticapproachformanagingof failuredatahas key role in technical inspection records of world-class companies, and it can make essential improvement in work-flows and in Question. 3. Why is there a need for differing types of decision variables (i.e., real values, integer values, zeroone values) in LP models? Answer:OR-Notesare aseriesof introductorynotesontopicsthatfallunderthebroadheading of the field of operations research (OR). Capital budgeting extension For the integerprogrammingproblemgivenbeforerelatedtocapital budgetingsuppose now thatwe have the additional conditionthateitherproject1 or project 2 must be chosen(i.e.projects 1 and 2 are mutually exclusive). To cope with this Question. 4. Which of the criteria for making a decision under uncertainty would you choose if you had to select an outsource provider? Justify your selection of a criterion. Answer:The managementof acompanythatI shall call StygianChemical Industries, Ltd.,mustdecide whethertobuildasmall plantor a large one to manufacture anew productwithan expectedmarket life of ten years. The decision hinges on what size the market for the product will be. Possibly demand will be high during the initial two years but, if many initial users find the product unsatisfactory, will fall to a low level thereafter. Or high Question. 5. How are surrogate measures used in cost/benefit analysis? Answer:Cost-benefitanalysis(CBA orCOBA) isatool employedto evaluateprojectsbyprovidingwith a setof valuesthatare useful todetermine itsfeasibilityfromaneconomicstandpoint.Conceptually simple, its results are easy for decision makers to comprehend, and therefore enjoysa great deal of favorin projectassessments.The endproductof the procedure isa benefit/costratiothatcompares
- 3. the total expected benefits to the total predicted costs. In practice CBA is quite complex, because it raises a number of assumptions about the scope of the assessment, the time-frame, as well as technical issues involved in measuring Question. 6. If the parameters used in a MCSM are questionable, should the MCSM be used to make an international OI decision? Answer: Motivation: Mutations play fundamental roles in evolution by introducing diversity into genomes. Missense mutations in structural genes may become either selectively advantageous or disadvantageousto the organism by affecting protein stabilityand/or interfering with interactions between partners. Thus, the ability to predict the impact of mutations on protein stability and interactionsisof significantvalue,particularlyinunderstandingthe effectsof Mendelianandsomatic mutations on the progression of disease. Here, Question. 7. How are the disadvantages of outsourcing related to risks run by client firms? Answer:Outsourcingisabusinessstrategythatmovessomeof anorganization’sfunctions,processes, activities and decision responsibility from within an organization to outside providers. This is done through negotiatingcontract agreements witha vendor who takeson the responsibility forthe productionprocess,peoplemanagement,quality,customerservice andkeyassetmanagement of the function. Question. 8. What types of cooperative agreements might exist between an outsourcing client and outsourcing provider? Answer: In business, outsourcing involves the contracting out of a business process (e.g. payroll processing,claimsprocessing)andoperational,and/ornon-corefunctions(e.g.manufacturing,facility management, call center support) to another party (see also business process outsourcing). The concept "outsourcing"came from the AmericanGlossary'outside resourcing'and it dates back to at least 1981. Outsourcing sometimes, though not Dear students get fully solved assignments Send your semester & Specialization name to our mail id : “ help.mbaassignments@gmail.com ” or
- 4. Call us at : 08263069601 (Prefer mailing. Call in emergency )