Concept explainers
a)
To decide: The country to be selected for new plant.
Introduction: Location is one of the important element for a business that controls the cost and expenses. Location strategies support in framing other strategies for a firm where optimal location point will provide competitive advantage to a firm.
b)
To decide: The country to be selected for new plant.
Introduction: Location is one of the important element for a business that controls the cost and expenses. Location strategies support in framing other strategies for a firm where optimal location point will provide competitive advantage to a firm.
c)
To decide: The country to be selected for new plant.
Introduction: Location is one of the important element for a business that controls the cost and expenses. Location strategies support in framing other strategies for a firm where optimal location point will provide competitive advantage to a firm.
Want to see the full answer?
Check out a sample textbook solutionChapter 8 Solutions
Principles Of Operations Management
- A company is planning on expanding and building a new plant in one of three Southeast Asian countries. Chris Ellis, the manager charged with making the decision, has determined that five critical success factors (CSFs) can be used to evaluate the prospective countries Ellis used a rating system of 1 (least desirable country) to 5 (most desirable) to evaluate each CSF. a) Based on the given information, the best location for Chris Ellis is Factor Critical Success Factors 1 2 3 4 5 Technology Level of education Political and legal aspects Social and cultural aspects Economic factors with a total weighted score of b) Political unrest in Thailand results in a lower score, 2, for Political and legal aspects. The best location for Chris Ellis is c) If Thailand's score drops even further, to a 1, for Political and legal aspects, the best location for Chris Ellis is Weight 0.20 0.10 0.40 0.10 0.20 r Candidate Country Ratings Thailand 5 1 3 2 3 (Enter your response rounded to two decimal…arrow_forwardVoice International is deciding between 2 Philippine companies to provide its call center services. A factor-rating method is used to evaluate. The factors are rated on a scale of 1-10, with 10 being the best score. If the factors are weighted equally with respective weights of .3333, which of the firm is preferred? FIRM FACTOR 1 FACTOR 2 FACTOR 3 A 6 7 10 B 8 9 8arrow_forwardPrepare a report for expansion of a product into one of the following countries, Russia, Germany, England, Australia, Colombia New Zealand, Iceland or Spain. Select a product that is made by an organisation from a country in the Caribbean. The product must not be available for sale in any country apart from the country of origin in the Caribbean. The product must be a tangible product for example, food products, health products, hair/skin products. Examine the country based on the following criteria. In brief, analyze the political, economic, market opportunity and cultural environment of the country; market entry strategy -outline the challenges and opportunities of conducting business in the country selected and provide relevant guidelines and recommendations for entering the marketarrow_forward
- You are developing a plan for Terra Beata Cranberry Farms located in Nova Scotia to begin selling its products in Australia. Please create a short profile of this company and their products, the import country (Australia). Also some research on current competitors in Australia and their marketing efforts.arrow_forwardA company is choosing an outside firm to provide its payroll services. It has chosen four comparative categories of interest: client reviews, financial condition, IT capabilities, and government stability. These categories have been assigned weights of 20%, 10%, 40%, and 30%, respectively. Two potential providers were scored on each of those factors (see table below) using a scale of 1-10, with a score of 1 meaning worst possible and 10 meaning best possible. Using the factor-rating method, which provider should be chosen? Provider A Provider B Client reviews 2 6 Financial condition 8 4 IT capabilities 5 8 Government stability 3 1arrow_forwardDuring the first five months of 2021 there were three FDA approved COVID-19 vaccine providers, Pfizer, Moderna, and Johnson and Johnson and they work in similar ways. Based on the market structure of the vaccine providers in the United States to date the nature of the market appears to be: a. Purely competitive B. And oligopoly c. Monopolistic competition D. Not enough information to tellarrow_forward
- Read the scenario below and answer the questions that follow: Mahala Spices For 12 years now, the business has been importing spices from all over the world and packaging them in South Africa, to distribute them across the African continent. Although the business has grown significantly over the years, it was only once one of their spice offering was featured in a cooking competition; there was one episode where the contestant, a professional chef, mentioned that she used Mahala Spices in her winning dish for that episode. The judges gave good reviews about the spice enhanced the dish but yet did not disappear from the mix. Due to the show being shown across the world, Mahala Spices started getting orders from all over the world. This increase in volumes forced them to reconsider their supply chain, especially the logistics aspect of it. The business has noted a 7% increase in exports and a 12% increase in the import of ingredients. Q.1.1 Explain any 5 activities to be completed by the…arrow_forwardStrategic Planning, Core Competencies and OutsourcingClndia Pragram Technologies, Inc. , has narrowed its choice of outsourcing provider to two firms located in different countries. Pragram wants to decide which one of the two countries is the better choice, based on risk-avoidance criteria. She has polled her executives and established four criteria.The resulting ratings for the two countries are presented in the table below, where l is a lower risk and 3 is a higher risk. The executives have determined four criteria weightings: Price, with a weight of 0. 1; Nearness, with 0.6; Technology, with 0.2; and History, with 0.1.a) Using the factor-rating method, which country would you select?b) Double each of the weights used in part (a) (to 0.2, 1.2, 0.4, and 0.2, respectively). What effect does this have on your answer? Why?arrow_forwardA landowner is considering a community development project. Even though he realizes that the current market for housing is not very favourable, he believes that there will be an influx of retirees into the area within the next five years. He is trying to decide between two alternatives: (1) building detached homes in a planned retirement community or (2) building a smaller townhouse/condominium complex. Mortgage interest rates will affect his outcomes as shown (in $ millions) in the accompanying payoff table. According to the maximax approach, what should the landowner do? Click the icon to view the payoff table. ..... A. Build townhouses/condominiums B. Build detached homes in a planned retirement community if interest rates go up, otherwise build townhouses/condominiums C. Build detached homes in a planned retirement community D. Build detached homes in a planned retirement community if interest rates go down, otherwise build townhouses/condominiums O E. Build detached homes in a…arrow_forward
- Imagine Industries, is a multinational firm that designs and produces tourist merchandise for major destinations worldwide. The company's board of directors is meeting to discuss changes that might be needed in the company's operations. At the end of the meeting, the board plans to examine Imagine industries' company issues on ability to produce enough output, new production process the company could use to create its product and issues relating to selection of a new location for production operations. As a consultant been appointed by the company, suggest to Imagine Industries on the issues that they are discussing on. b. Proposed to the board of directors of Imagine Industries, any TWO (2) potential ways to finance their business operations.arrow_forwardSuppose you have a choice of three projects to choose from. Here the expectedprofits from these projects under the following economic scenarios:Project Poor/Fair Moderate/Stable Strong/Booming A -200 $400 $700B -700 600 1200C 100 500 900 Suppose no probabilities are given for the different economic scenarios in the above table. A) What would be your decision under the Optimistic approach? Explain. B) What would be your decision under the Conservative approach? Explain. C) Create an opportunity loss table. Determine what the decision should be using the Minimax Regret approach. Explain.arrow_forwardIn location planning, environmental regulations, cost and availability of utilities, and taxes are: A. site-related factors. B. country factors. C. global factors. D. irrelevant. E. regional/community factors.arrow_forward
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.