Factors affecting operational planning In this day and age planning is key to any business startup‚ especially during these tough economic times. As we prepare a plan for any business many factors arise including the strengths‚ weakness‚ opportunities‚ threats and trends in any business planning. Let ’s explore deeper to analyze the very important factors. Strengths: Internal positive aspects that are under control and upon which you may capitalize. Good examples of internal strengths are: Company
Premium Management United States Postal Service
Operational Effectiveness is not strategy In the world of business today‚ rivals can quickly copy market position‚ and competitive advantage is temporary. The problem is the failure to distinguish between operational effectiveness and strategy. Operational effectiveness and strategy are very important but they work in very different ways. A company can outperform rivals only if they can deliver greater value to customers or create comparable value at a lower cost‚ or do both. We can have cost advantage
Premium Marketing Strategic management Positioning
Operational Risk Management Operational Risk Management‚ otherwise known as ORM‚ is defined as a continual recurring process which includes risk assessment‚ risk decision making‚ and execution of risk controls‚ which results in acceptance‚ mitigation‚ or avoidance of risk. It is the oversight of operation risk‚ which is a risk arising from execution of a company’s business functions. It is a very wide concept which focuses on the risks arising from the people‚ systems and processes through which
Premium Risk management Risk
Congratulations‚ you are now in charge of a $100‚000‚000 corporation. Your company manufactures sensors. Sensors are devices that observe physical conditions. Your sensors are installed into the products your customers sell. Sensors are everywhere. Almost any product that has an automated function requires some sort of sensor. Your company was created when the government split a monopoly into identical competitors. When the company was a monopoly‚ operating inefficiencies and poor product
Premium Product differentiation Marketing Positioning
POW 17- Cutting the Pie Problem Statement- If you were given a pie what is the maximum number of pieces you can produce from 4‚ 5‚ and 10 cuts? Keep in mind‚ that the slices do not have to be the same size and the cuts do not necessarily have to go through the center of the pie‚ but the cuts do have to be straight and go all the way across the pie. Include any diagrams you used to find the solution such as an In-Out table‚ or any patterns you found. Process- The first thing I did
Premium Addition
describe what profit and loss accounts are. PROFIT AND LOSS ACCOUNT By law business are required to provide annual financial statements‚ which will appear in their company report‚ there are two main types of financial statements‚ one is balance sheet and the other is a profit and loss account. A profit and loss account is a record which can be updated regularly and generally shows businesses transactions made over a period of time (usually within 12 months)‚ An example profit and loss account
Premium Balance sheet Generally Accepted Accounting Principles Income statement
Nonprofit versus for-profit healthcare and organizations For-profit and not-for-profit hospitals generate revenues through daily operations. For-profit hospitals are able to generate funds through issuing stocks while non-for-profit hospitals do not have this ability. Accordingly‚ non-for-profit hospitals can issue tax-exempt bonds and can accept tax-deductible contributions. Non-profits were created with the intention of servicing the needs of the poor. This subsequently led
Premium Non-profit organization Economics Health care
When it comes to for-profit colleges many students end up being in $50‚000 to even a hundred-thousand dollars in debt; making it harder by the day to find a good job-placement after becoming a graduate. The cost of attending a for-profit school is just much‚ as attending a ivy-league school‚ if not more. With most of these colleges having open enrollment‚ this allows the Government to take more/ have access to more money. In my opinion‚ it’s almost a trap in order to lure students into thinking
Premium University Higher education Education
Dana Clark ENGL 1010 C08 Mr. Wood October 9‚ 2012 A College Degree is Worth the Effort and Expense In today’s economy many people wonder if a college degree is worth the time‚ effort‚ and expense it takes to complete it. I‚ a twenty-seven year old who did not think it was worth it when I graduated from high school‚ have changed my position on the issue. I have had experience in today’s workforce and it is not easy to find a satisfying job with only a high school diploma and it is extremely difficult
Premium High school Academic degree Higher education
February 26th‚ 2012 English 50 Response to Ian Frazier’s “In Praise of Margins” In Ian Frazier’s essay‚ “In Praise of Margins”‚ according to Frazier “Marginal” activates and places are valuable when you’re a child. Frazer defines marginal people‚ places‚ and activates as the ones that don’t quite work out‚ don’t sufficiently account for themselves in the economic world. Frazier gives example in his essay to that idea‚ showing his disconnection to his childhood now that he’s an adult. His first
Premium Adult Activity Happiness