Concept explainers
Introduction:
Company B is a machine tool maker company which was thriving enterprise by 1965 and its annual sale was $8 million. The company was sold to company HI and many of the machine-tool and auto factories were dormant and industries at country U weren’t self-sustainable on their own. Person H used the fall of company B to analyze key economic and trade policy.
The investment funds of company B were chocked. Tool makers in country U was highly affected by the cartel led by government of country J. Person H provides numerous ammunition for immediate cash generation. Company B tries to push its produces very fast and it shipped defective machineries and made false promise about the design which the engineering haven’t designed. But most of the claims lie on the governmental policies which didn’t support the industry growth.
To determine: The external and internal reasons for demise of company B and explain the role of operation management in the demise of company B.
Want to see the full answer?
Check out a sample textbook solutionChapter 2 Solutions
Loose-leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
- 25arrow_forwardExplains it correctly Q)In 2021, businesses achieved the highest quarterly profit rates they've had in about 70 years. This indicates that: Group of answer choices A: Capitalists are driving up inflation by increasing prices more than their costs are increasing. B: The high unemployment rates seen during the COVID pandemic have increased inflation. C: The economy is experiencing a wage-price spiral. D: Increased workers' bargaining power is driving up inflation.arrow_forwardSingle-factor productivity:a) remains constant.b) is never constant.c) usually uses labor as a facto r.d) seldom uses labor as a factor.c) uses management as a factor.arrow_forward
- Answer the following major issues Major Issues and Challenges 1 When it comes to salary, the FCO hires mixed diplomats, international organizations, and other Positions; the wages are not determined. It means that salary increment does rise compared to other international organizations. Major Issues and Challenges 2 In workforce planning, they need to ensure a balance of workloads across the world. It faces the challenge of rotating staff between different overseas postings. Major Issues and Challenges 3 Employers have limited career growth for the engaged staff, which leads to the organization remaining stagnant.arrow_forwarda) Write a short brainstorm about one of these topics: • Iraq Francearrow_forward1. Is Lonely Planet a Service Organization or a Manufacturing Organization?arrow_forward
- 3.10 Some of Union Carbide’s reports hinted strongly that part of the fault lay with the inadequate workforce available in a third-world country such as India. How valid is this statement? What are the ethical implications for Union Carbide if this statement is true?arrow_forward7. is consider strength In SWOT analysis. favorable factors trends in the external environment trends that may present challenges to performance internal resourcesarrow_forward6. Can you think of anything that Boston Consulting Group does not do for its workforce that you beliove would make it an even better campany to work for? Why? Only typing answer Please explain step by steparrow_forward
- 3 Environmental scanning plays a key role in strategy formulation by analyzing the strengths and weaknesses and opportunities and threats in the environment. Environmental scanning is defined as 'monitoring, evaluating and disseminating of information from external and internal environments to managers in organizations so that long term health of the organization will be ensured and strategic shocks can be avoided. Select one: True Falsearrow_forwardChoose any successful organization with which you’re familiar or one that you would like to know more about and answer the following questions. *Answer must be Relevant and to the point *Must be in short paragraph of Around 200-220 world Question: a) Why was that organization was so successful? b) How does that organization differ from other competitive organizations? c)How could that organization attract their customers? d) What are the challenges they may encounter in future? e) Describe the job specialization used there. Is it efficient and effective? Why or why not? How could it be improved? f) Assess their culture by looking at the following aspect Like physical design, symbols, words, stories, policies etc. g) Assume that you’re the top manager in that organization. What types of information from environmental scanning do you think would be important to you? Where would you find this information? h) Now assume that you’re a first-level manager in this…arrow_forwardThe business environment in management is a dynamic and multifaceted landscape that encompasses various internal and external factors impacting an organization's operations and strategies. Internally, factors like organizational culture, leadership, and employee dynamics play a crucial role in shaping the business environment. Externally, the economic climate, market trends, regulatory frameworks, and technological advancements significantly influence the way businesses operate. A successful management team must adapt and respond to these factors to thrive in a competitive business environment. Question: How can organizations effectively navigate and adapt to the ever-changing external factors in the business environment while maintaining a strong internal culture and leadership structure?arrow_forward
- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub