Week 8 Bus120 Developing good Business sense
Developing Good Business Sense
Name
University Of Phoenix
What is good business sense and how do you develop it. Well in this paper I will be discussing and answering four questions based on developing good business sense. The four questions that are based on what we have learned in class are to choose three companies and observe how employees do their tasks. Try to identify the nature of their operating systems and are employees organized in different ways? What are the main kinds of OMM costs companies have, how does this affect their OMM operations? Lastly how do companies design their operating systems to give them a competitive advantage?
Since I have worked in retail before the three companies I have observed and have chosen to describe are Goodwill, Wal-Mart, and Target. These companies are the same but yet different in their missions and what they stand for. A nationwide thrift store as compared to two of the many retail giants have different aims to achieve their missions but yet are so similar, and that one common goal is the money. From my experience from being a Goodwill employee, their donations to fund job training programs to help people qualify for better jobs to Wal-Mart figuring ways to slash prices down for people to save more money. These companies have achieved success and been around for a long time because of their commitment to their goals.
The differences in the operations involved in the input, operations, and an output stage of these companies varies with each one. The nature of their operating systems varies because for instance, Goodwill is a thrift store but it is still a retail store as well, their mission statement is, “Changing lives through the power of work”. What they mean by that is that they accept donation of items from anyone and that is what they sell to fund their job training programs and the retail store as well. Wal-Mart’s goal is to have the lowest prices as
Name
University Of Phoenix
What is good business sense and how do you develop it. Well in this paper I will be discussing and answering four questions based on developing good business sense. The four questions that are based on what we have learned in class are to choose three companies and observe how employees do their tasks. Try to identify the nature of their operating systems and are employees organized in different ways? What are the main kinds of OMM costs companies have, how does this affect their OMM operations? Lastly how do companies design their operating systems to give them a competitive advantage?
Since I have worked in retail before the three companies I have observed and have chosen to describe are Goodwill, Wal-Mart, and Target. These companies are the same but yet different in their missions and what they stand for. A nationwide thrift store as compared to two of the many retail giants have different aims to achieve their missions but yet are so similar, and that one common goal is the money. From my experience from being a Goodwill employee, their donations to fund job training programs to help people qualify for better jobs to Wal-Mart figuring ways to slash prices down for people to save more money. These companies have achieved success and been around for a long time because of their commitment to their goals.
The differences in the operations involved in the input, operations, and an output stage of these companies varies with each one. The nature of their operating systems varies because for instance, Goodwill is a thrift store but it is still a retail store as well, their mission statement is, “Changing lives through the power of work”. What they mean by that is that they accept donation of items from anyone and that is what they sell to fund their job training programs and the retail store as well. Wal-Mart’s goal is to have the lowest prices as
References: Jones: Introduction To Business: How Companies Create Value for People