OPERATIONS STRATEGY Instructor: Gad Allon Contact: g-‐‑allon@kellogg.northwestern.edu Class 1 Description Framework for operations strategy Tailoring operations strategy Investor/External view of operations: - Operations Forensics - Linking to Financials (ROIC tree) Asset strategy‚ operational hedging and risk mgmt. Sourcing strategy: Global networks and offshoring Strategic sourcing and supplier relations Reading
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Assignment 1: Operation Decision Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6‚000 units of output per month (working 20 days / month). The daily wage (per worker) is $70‚ and the price of the firm’s output is $32. The cost of other variable inputs is $2‚000 per day. It also tells us that the firm’s fixed cost
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Assignment 2: Operations Decision Managerial Economics and Globalization‚ ECO550 Operations Decision At certain times a company that produces a tangible product may have to decide if that company can continue operations and profit or if it has reached the shutdown point. Shutting down is different than going out of business; the company is simply temporarily stopping production because it would cost more to continue with production. As a management consultant hired to
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1985 Moog established a manufacturing operation in Baguio‚ City‚ Philippines which currently has more than 1‚000 employees. The civil servo valves undergo final phase manufacture and assembly in this facility. Almost sixty years later and with fourteen top-of-the line facilities distributed worldwide‚ and surviving several internal and external crises‚ Moog Inc. has greatly superseded the founder’s expectations. This report would like to present current strategic operational processes being used by
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Assignment 2 "Operations Decision" Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6‚000 units of output per month (working 20 days / month). The daily wage (per worker) is $70‚ and the price of the firm’s output is $32. The cost of other variable inputs is $2‚000 per day. You are told that the firm’s fixed cost
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MGMT7.04 Strategic Operations Management Case Study 1 Due Date: 20.03.2015 Structure 1. Introduction 3 2. Hagen Style’s important operations resources 3 3. Hagen Style’s market requirements 4 4. Courses of action 5 4.1 Three alternative courses of action 5 4.2 Evaluation and justification of courses of action 6 5. Recommendation 6 References 8 List of figures 8 1. Introduction Hagen Style was a firm which sold kitchen equipment‚ tableware and small gadgets. It was a very strong
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1 The Impact of Strategic Leadership and Management on Strategic Decision Making Introduction. In discussing what‚ if any‚ impact strategic leadership and management has on the the strategic decision making process it is key to first understand the bounds within which each element naturally sits. I have compartmentalized these elements as: Strategy Strategic Leadership Strategic Management Strategic Decisions The link between leadership and management in this context is important
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explores one of the fundamental processes in most businesses‚ the make-or-buy decision. This research scrutinizes the theory related to the make-or-by decision‚ its importance in businesses strategy‚ criterions to be considered in the process as well as its advantages and disadvantages. Further investigation conducted revealed the reality of make-or-buy decision and it was found that decision makers rarely apply strategic decision making rules based on sound reasons resulting in unpremeditated and irrational
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Master of Business Administration – MBA Semester 2 MB0044 – Production & operations Management - 4 Credits (Book ID: B1133) Assignment Set- 1 60 Marks Note: Each question carries 10 Marks. Answer all the questions. 1. What are the components of systems productivity? Explain how CAD and CIM help in improving productivity. 2. What do you understand by ‘industry best practice’? different types of Benchmarking. Briefly explain 3. List out the various automated systems for transfer
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Module: Operations management Title: -Operations management and Ethics! - Student: Katerina Zafirovska Lecture: Prof. D-r Aleksandra Shumar Contents: Introduction……………………………………………………………………..….3 1. Operations management…………………………………………..5 2. History of operations management……………………………….6 3. Ethics ……………………………………………………………15 4. Operations management
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