A car company modifies 375 cars per year. The manager is interested in obtaining a measure of overall performance. He has asked you to provide him with a multifactor measure of last year's performance as a benchmark for future comparison. You have assembled the following data. Resource inputs were labour, 10,000 hours; 500 kilowatt-hours of energy. Average labour cost last year was €20 per hour, kits cost €1,000 each and energy costs were €3 per kilowatt-hour. What do you tell the manager?
Q: org, an organization working toward curbing climate change, recently conducted an interview with…
A: Introduction: The subject of this scenario is the hiring process for a public relations…
Q: Consider Bill Gates’ various roles at Microsoft through the years: founder, CEO, board chairman,…
A: One such individual who altered the technological landscape is Bill Gates. Bill Gates had an impact…
Q: There are many who believe that strike action is a waste of time and serve no meaningful purpose.…
A: A strike action is also called a labor strike which is described as a work stoppage conducted by the…
Q: John is operating a business in the Caribbean in the manufacturing sector. Over the years the…
A: South Korea is an attractive destination for businesses looking to expand their operations. With a…
Q: Choose two of the project controls listed in the article from this week's reading 9 Project Controls…
A: Project controls are the processes and systems used in project management to monitor and regulate…
Q: In my lean canvas, what are my customer segments with selling my handmade soaps to women during the…
A: Women who experience dry skin in the winter can find relief from it with the help of homemade soaps.…
Q: What is a persuasive statement? What's its purpose? Is credibility the most important factor in a…
A: Communication helps us to communicate our thoughts to other person .this is done with the help of…
Q: Discuss three fundamental features of management
A: Management is the process of carrying out the labor or activity required to achieve an…
Q: In organizations, what is the difference between training and development of employees? (This can…
A: Employee training and development is an important component of a successful organization. Training…
Q: Of the following leadership theories, which one appeals to you the most and why? contingency…
A: A leadership approach known as contingency leadership accommodates circumstances and the particular…
Q: What are the workforce planning method you would use to improve employee engagement.
A: Employee engagement is the strength of the mental and emotional connection employees feel toward the…
Q: What is the value of empirical research in understanding the leadership process?
A: Empirical research is an invaluable tool for understanding the leadership process. This type of…
Q: Your firm is conducting a study among employees about their attitudes toward union membership.…
A: INTRODUCTION: Work attitude and behaviour are two important factors that contribute to an…
Q: Why is the understanding of business environment important for managers? Explain with the help of…
A: The term "business environment" refers to the entirety of all individuals, teams, and organizations…
Q: to go. As the CEO had just informed him, it had been sold to a successful private equity firm that…
A: Designing an organizational structure may be extremely advantageous for an organization. The…
Q: How can determination be learned?
A: If you wish to achieve different goals and objectives in your personal and professional life,…
Q: Draw a possible organization chart with this information below (can use other companies charts as…
A: Meaning of organizational charts:- An organizational chart is a diagram that shows the structure of…
Q: According to the Evolution of Management video, soldiering among steel mill workers existed for…
A: Meaning of soldiering:- The term soldiering refers to the tendency of workers to work at slow place…
Q: give an example of a company that uses a focused differentiation strategy and why.
A: A focused differentiation strategy is a kind of strategy that various companies all around the world…
Q: Describe how employing a large number of new workers requires strategic recruiting planning and…
A: Identification, attraction, interviewing, selection, hiring, and onboarding of personnel are all…
Q: From the following, please identify the 2 statements that are true as well as the 2 statements that…
A: In the world of international business, it is crucial for companies to have a clear understanding of…
Q: What is the purpose of anti-red tape act and how businesses could benefit from this? Explain
A: The Anti-Red Tape Act (ARTA) of the Philippines is a law that was signed into law on June 14, 2007…
Q: Why could the decision to adopt AWS cloud be important to Sunlife's data strategy in the context of…
A: Sunlife's decision to move its data and services to Amazon Web Services (AWS) cloud could be a…
Q: According to Equity Theory, individuals are motivated by a sense of fairness in their interactions.…
A: The correct answer is ' TRUE' Equity theory of motivation explains that employees' motivation at…
Q: What are the benefits of democratic leadership style in change management
A: Democratic leadership can be said as that style of leadership in which the leader considers the view…
Q: 36 John and Veronica are in a romantic relationship. During a conversation, Veronica expresses her…
A: Organizational culture is a collection of values, expectations and practices that help and guide the…
Q: 2.What are the factor affect the firm’s structure?
A: A firm structure is a set of guidelines that specify how certain tasks are to be carried out in…
Q: John is operating a business in the Caribbean in the manufacturing sector. Over the years the…
A: Organization enables the most effective use of both financial and human resources. It not only aids…
Q: Writer’s block is the inability to focus on the writing process. Which of the following factors is a…
A: Introduction: Writer's block refers to a condition where a writer is unable to produce new…
Q: 2. Do you think, the procedures are still applicable at this present times? Identify the procedure/s…
A: Introduction: Unilever Kenya Limited has a well-structured recruitment and selection process in…
Q: ntegrated Health was a large private, nonprofit health care system located in Tempe,Arizona. A year…
A: Change management is the process of effectively planning and implementing changes within an…
Q: In what ways do you think you are able to manage many processes at once?
A: Controlling many processes is essential to making sure that each one is carried out effectively and…
Q: What 2 job characteristics are considered most important of the 5 in the job characteristics model…
A: The Job Characteristics Model (JCM) is a theory developed by J. Richard Hackman and Greg Oldham in…
Q: he ability to control the processes and understand the outcome is a common necessity for all…
A: Controlling can be defined as a key function of management in which management of an organization…
Q: Every manager makes three decisions when carrying out the financial Functions. Justify their…
A: Investment, finance, and dividend selection are the three main financial operations-related concerns…
Q: Why co-ordination is considered as the essence of management?
A: Coordination is the integration, integration, and synchronizing of group members' activities to…
Q: Which of these costs of an airline must update most frequently. 1. Flight crew. 2. Fuel cost. 3.…
A: INTRODUCTION: The airline business is a highly competitive industry with numerous airlines competing…
Q: Which sampling method includes elements from each of several mutually exclusive groups within a…
A: Sampling is a statistical method that involves selecting a portion of a population to represent the…
Q: Is the management course vital to you? Describe and Explain.
A: The management course is a vital component to any individual's education and career path. In today's…
Q: How is the world governed in the absence of world government?
A: Introduction: Government refers to the system or group of people that have the authority to make and…
Q: The United States could reform health care because of the high cost. Medical bankruptcies have…
A: " The solution has been provided in a generalized manner". The 'high cost' of 'healthcare' in the…
Q: Solution to threats in the air industry
A: SOLUTION: The Air industry sector has always been challenging. It is vulnerable to numerous risks…
Q: What would be An analysis of the following considerations relative to your overall goal as a Plant…
A: Business is done not only to earn profit, but also to contribute to the society. The business is…
Q: You work for a large multinational corporation with offices around the globe. One of your colleagues…
A: Global assignments are an increasingly common part of working for many multinational corporations.…
Q: The Transitional Process can be described as: Select one: A.Conflict management, Motivation and…
A: Teamwork processes depend on the interpersonal exercises between teams that add to task achievement…
Q: Put the SECI model's concepts of socialization and combination side by side.
A: The SECI model is a framework for organizational knowledge creation developed by Nonaka and…
Q: What relevant ethical issues can occur while partaking in the following project management job:…
A: Ethical issues refer to moral dilemmas or problems that arise in professional and personal settings.…
Q: A group of employees with expertise in a variety of specialty areas who are brought together to work…
A: A group of people who work together to carry out interdependent tasks in support of a common…
Q: Which of the following requires a high variety of responses in a complex environment? A. collective…
A: Meaning of complex environment:- A complex environment is nothing but it refers to a situation or…
Q: Define baseline distribution
A: A baseline distribution is a standard reference point in the field of probability and statistics. It…
Step by step
Solved in 3 steps
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
- Ashby Associates is an architectural firm located in Barbados that has been in practice only a few years. The market for architectural services is very competitive. To compete successfully, Ashby must deliver quality services at a low cost. Ashby presents the following data for 2018 and 2019.2018 20191. Number of jobs billed 40 502. Selling price per job $32,000 $30,0003. Architect labour hours 24,000 27,0004. Cost per architect labour hour $35 $365. Architect/software support capacity (number of jobs the firm can do) 60 606. Total cost of software-implementation support $168,000 $180,0007. Software-implementation support-capacity cost per job (row 6/row5) $2,800 $3,000Architect labor-hour costs are variable costs. Architect (software) support costs for each year depend on the Architect support capacity that Ashby chooses to maintain each year (that is, the number of jobs it can do each year). Architect support costs do not vary with the actual number of jobs done that year. i. Is…A facility manager wants to align the facility management strategy with that of the demand organizations strategy. What should the facility manager use to do this? Facilities register Facilities audits Balanced scorecard system Strategic business planTRUE OR FALSE Key performance indicator scorecards that don’t reflect a company’s strategy can be just as effective as the Balanced Scorecard.
- What is balanced scorecard? How can it work for assessing strengths and weaknesses of a firmExplain how to establish the benchmarking process. Also, address the critical issues you must address.Rubatex Corporation manufactures rubber and foam for a variety of products, including artificial turf housing and insulation, hockey helmet liners, scuba diving suits, sports sandals and mouse pads. The company was purchased by an investment firm called American industrial partners (AIP) that has so far earned only a 1 percent return on its investment. Obviously the company is having problems. Its sales are up but earnings are down. In the first three months after acquisition, the company lost $2 million on $68 million in sales. Understandably, AIP wants to know why and is demanding aggressive action. Employees at the Bedford, Virginia, plant say they know something’s wrong. The plant is hot and dirty and crumbling, and they are working harder to produce items of poorer quality. Fewer than 7 of 10 orders are shipped on time, and 2% of sales are returned as defective. Built in 1924, the plant sprawls over 14 buildings, with only the offices and lunchroom air-conditioned. Equipment is…
- How can businesses align their KPIs with their strategic goals to ensure effective performance measurement?What type of measure scale is being used? Nominal, Ordinal, Interval or Ratio. In the month of June, Karachi daily temperature in Fahrenheit for the last five days: 105, 101, 109, 115, 113. School badminton team players categorized by their physical capability: Exceptional, Normal, Weak. The leap years 1984, 1988, 1996, 2008, 2000. Bank Account numbers. Loan in rupees. A questionnaire to assess customer taste about food in a restaurant by number: 1 Excellent, 2 Good, 3 Bad, 4 Poor. Time of order and delivery of food. The dimensions of a picture frame in feet. The 8 colours of paints in a box.2) Paige Vincent is the RM at the City Center Novotel. For over 12 months, she has been working hard to improve the performance of her hotel. Paige just received the following performance data. Help her understand the revenue optimization trends for her property by completing the chart. Then, you will be asked to evaluate her efforts. City Center Novotel Performance: Occupancy % Novotel Comp Set Index This month 57.2 58.1 Last 3 months 55.1 57.7 Last 12 months 51.3 55.6 ADR This month $266.57 $270.15 Last 3 months $244.91 $269.69 Last 12 months $231.45 $268.95 RevPAR This month Last 3 months Last 12 months
