Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Discuss Value Chain Management by addressing the following:
- What are the total costs associated with producing and shipping a pair of slim-fit denim jeans to the end customer and how much is their profit?
- How does their “radical transparency” strategy help them compete?
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- You work for a cell phone company that is experiencing an outage in a specific area of town. A customer calls in to complain. She has a sick mother and needs her phone to work so that she can contact emergency services. When you ask her what solution she is looking for, she replies that she needs her phone to work right now and she wants your company to pay for her service for the next year. How would you express empathy with this customer? While the scenario appears unsolvable, what alternatives could you offer to help this difficult to please customer? What would you do if the customer demands to speak to the CEO of your company?arrow_forwardHow can an organization effectively identify and leverage untapped opportunities within specific elements of the value chain to gain a competitive advantage in the market?arrow_forwardGive an example business and explain how you will apply methods/ approach below for the success of the business. - income-based valuationarrow_forward
- Why is the organization willing to charge premium rates from an operating management standpoint? Why are consumers able to pay a premium for a product?arrow_forwardIt is said that competition is not valued for its own sake but because it produces efficient market outcomes. However, conduct is tested against its impact on competition rather than its impact on efficiency. Carefully explain this apparent inconsistency. Use examples to illustrate your response.arrow_forwardSelect the criteria to choose the best Alternative (BUYING) Explain what would make you choose one over the other?arrow_forward
- Tech Products Inc. is one of the world's leading technology companies known for its innovative products, including the TechPhone, TechPad, Tech computers, and software services. At present, Tech Products Inc. is now facing significant challenges in an evolving industry landscape due to increasing competition and the introduction of similar products on both the local, regional and global markets. The company is aware that internal and external drivers play a crucial role in shaping the strategic direction and overall performance of an organization, and that to remain relevant they must be able to understand and respond to these drivers in an effective manner. To assist them in formulating a comprehensive strategy that can help the company navigate the complex business environment it faces, Tech Products Inc. has hired you as a Strategic Management Consultant. Further to an initial meeting with Management, it was ascertained that Tech Products Inc. has not been keeping abreast with the…arrow_forwardPlease answer in detail with references 1. Thinking about the used-car business in general, what are the key links of the value chain? What are the key stages in the process by which a used-car company acquires, refurbishes, markets and then sells a vehicle? 2. What is special about the value chain of an online seller like Carvana? Which links of its value chain are different from those of a conventional used-car seller? What are some of the strategic implications? 3, In thinking about the value chain, why is scale so essential to a company like Carvana? Why is scale more important than to a traditional used-car seller?arrow_forwardCritically analyse what Transnet has to do to ensure that their business is conducted holistically and operates in a responsible, ethical, and sustainable manner in creating value for their customers.arrow_forward
- provide an analysis of the purchasing and supply chain enablers in creating business value and iproving purchasing and supply chain excellencearrow_forwardAchieve equal distribution of goods and services: possible or not? Should everyone get an equal amount of these? Should some people get more than others? Should some goods and services (such as education and health care services) be distributed more equally? Proof your position.arrow_forwardList five strategic factors (Quantitative and/or Qualitative) that are often important in the make - vs. buy decision. Discuss which factors you feel are the 2 most important, and why?arrow_forward
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