Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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- DEFINE Best practices benchmarkingarrow_forwardOutline any five hierarchy of control measures, giving an example of why this measure would be chosen above other for different risk controls??arrow_forwardCase Study on Whirlpool Corporation: American home appliances manufacturer Whirlpool intends to turn its Indian business into a global sourcing hub for components and finished products, safeguarding from potential disruptions arising from reliance on China supply chain. Whirlpool India Ltd. (WIL) is working with suppliers in China and Southeast Asia on ways to incentivise them in conjunction with Indian government’s policies to set up shop in India, for components - compressors, motors and PCBs, all of which are capital-intensive manufacturing investments.According to WIL, there are US-China geopolitical tensions. WIL is making efforts at educating component makers how India can become a sourcing hub for Whirlpool globally. Indo-China geopolitical situation and benefits offered under Make-in-India programme has shifted focus on creating a local sourcing base. WIL imports 28% of required components, which will be reduced. While Indian government is encouraging domestic sourcing, it is…arrow_forward
- Main Street Cinema invited three firms to bid on its daily janitorial services contract, and then scored those bids (also known as 'tenders') based on quality, reliability/risk and price (using a 100 point scale in each case). The results are listed here: Tender Offer from... Quality Score Reliability/ Risk Price Score Score Dawson Commercial 80 80 90 Cleaning Services Fulton Maintenance 90 70 100 and Facilities Service SteadyBrite Contract 85 85 85 Cleaning Assume that quality and price are equally important to Main Street Cinema. However, the issue of reliability/risk is twice as important to Main Street Cinema then either quality or price. Which janitorial service supplier does linear averaging suggest? O A. Dawson Commercial Cleaning Services and Dawson Commercial Cleaning Services O B. Dawson Commercial Cleaning Services C. Dawson Commercial Cleaning Services O D. SteadyBrite Contract Cleaning E. Fulton Maintenance and Facilities Service and SteadyBrite Contract Cleaningarrow_forwardCase Study: Philip Morris Enters Turkey Under regulatory and legal fire in the United States, tobacco companies have been staking their financial futures in developing countries. In the seven years since Turkey abolished price controls that had propped up its state-owned tobacco company, Philip Morris has gotten millions of Turks to cast aside local cigarettes in favor of its Marlboro, Parliament, and L&M brands. For Philip Morris—which saw international tobacco profits grow 60 percent to $4.6 billion last year from 1994—nowhere has that push been more successful than in Turkey. In the nation that inspired the phrase “smokes like a Turk,” 43 percent of the 62.9 million population smokes, according to government estimates, compared to 25 percent in the United States. Meantime, cigarette consumption in Turkey has increased at an annual rate of about 4.76 percent since 1992, making this one of the fastest-growing markets in the world. Philip Morris has watched its share of the Turkish…arrow_forwardCase Study One: A matter of life and deathThe Covid-19 pandemic so far has costed nearly two hundreds thousands lives, most of whom areelderly and patients with chronic illnesses. To contain the spreading of this highly infectiousdisease, governments have resorted to restriction of dine-in hours, closure of bars and pubs,quarantine of incoming passengers, lock-down of entire cities as in the case of London, bringingglobal economic activities to a standstill.The long, eagerly-awaited news of vaccines that can effectively combat the Covid-19 virus havefinally been confirmed. However, given the massive scale of the pandemic, inoculating even tenpercent of the world’s population would take 2-3 years.To make the best use of the limited supply of vaccines, the head of World Health Organizationasks his staff to develop a priority list and answer the following questions.Q: From a utilitarian point of view, who do you think should be in the priority group?arrow_forward
- Analysis on the Krispy Kreme Australia case studyarrow_forwardCASE STUDYFrom Holiday Inns to the InterContinental Hotels GroupThe history of the Holiday Inn motel chain is one of the great success stories in United States business. Its founder, Kemmons Wilson, while vacationing in the early-1950s, found the motels he stayed in to be small, expensive, and of unpredictable quality. This discovery, along with an unprecedented amount of highway travel due to the new, integrated interstate highway program, triggered a realization: there was an unmet customer need—a gap in the market for quality accommodations. Holiday Inn was founded to meet that need. From the beginning, Holiday Inn set the standard for offering motel features such as air-conditioning and icemakers while keeping room rates reasonable. These amenities enhanced the motels’ popularity, and motel franchising, which was Wilson’s own invention, made rapid expansion possible. By 1960, Holiday Inn hotels could be found in virtually every major city and on every major highway. Before the…arrow_forward
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