Assignment 1 1.) Please write me a paragraph explaining your understanding of the difference between the terms "production management" and "operations management". In the past‚ operations dealt primarily with manufacturing industries. The operations process within manufacturing industries deals with the inputs of raw materials‚ energy‚ labor‚ and capital which then are transformed into finished goods. Production management is the planning/organizing/management of systems related primarily to
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De Beers case In the few past years‚ the industry of diamond evolved a lot. Even if De Beers was the juggernaut of this industry‚ it has to evolve has well to keep its competitive position. What used to be its unique resources and distinctive competences and how De Beers decided to make it evolve? First of all‚ let’s studying the physical resources of De Beers. The company used to have the monopole of rough diamonds : it owned 80% of the world production 15 years ago but now it produces less
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MB0052 Ques-1- CORPORATE STRATEGY is the direction an organization takes with the objective of achieving business success in the long term. Recent approaches have focused on the need for companies to adapt to and anticipate changes in the business environment‚ i.e. a flexible strategy. The development of a corporate strategy involves establishing the purpose and scope of the organization’s activities and the nature of the business it is in‚ taking the environment in which it operates‚ its position
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Distinctive Competencies The VRIO analysis is helpful in determining if a resource or capability leads to competitive advantage (Middleton‚ 2004). Resources/Capabilities Valuable? Rare? Costly to Imitate? Exploited by Organization Competitive Implications Strength or Weakness Key Account Management Initiative Yes Yes Yes Yes Sustained Competitive Advantage Strength and Sustainable Distinctive Competence Recruitment Process Yes Yes No No Temporary Competitive Advantage Strength and Distinctive
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The distinctive competence of the Starbucks is superior quality/innovations. Starbucks is the leading brand in coffee of fast food restaurant‚ Starbucks provides great tasting coffee that is surprisingly high cost but yet customers still purchase it. The distinctive competence of Hewlett Packard is innovation‚ product quality. HP specializes in computer technology. They are constantly trying to find ways to improve their products and compete with other companies such as apple. The distinctive competence
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Volume-variety and design In Chapter 1 the four V’s of operations were described. These were volume‚ variety‚ variation and visibility. The first two of these – volume and variety – are particularly important when considering design issues in operations management. Not only do they usually go together (high variety usually means low volume‚ high volume normally means low variety) but together they also impact on the nature of products and services and processes which produce them. The volume and
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they could get to know someone before meeting them‚ and 44% agreed that it is now considered ‘cooler’ to find romance online rather than via more traditional routes.” As a result‚ many online dating services are surfacing. Companies like Match.com‚ Eharmony and Ok Cupid offer matchmaking services based on lengthy questionnaires that members are required to complete upon registration. These lengthy questionnaires aid in their matchmaking software in connecting you with “compatible matches”. Although
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PRODUCT-PROCESS MATRIX The product-process matrix is a tool for analyzing the relationship between the product life cycle and the technological life cycle. It was introduced by Robert H. Hayes and Steven C. Wheelwright in two classic management articles published in Harvard Business Review in 1979‚ entitled "Link Manufacturing Process and Product Life Cycles" and "The Dynamics of Process-Product Life Cycles." The authors used this matrix to examine market-manufacturing congruence issues and to facilitate
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Johnson & Johnson has a distinctive competency‚ in that its products are differentiated from those of its competitors and the brand name is one that is widely recognized and trusted. The competence is based on Johnson & Johnson’s commitment to customer satisfaction‚ in its dedication to innovation and advancement in technology‚ since the company’s inception in 1885 (Retrieved September 23‚ 2007‚ from http://www.jnj.com/our_company/our_credo/index.htm). The company conducts ongoing
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Case Study: H&M in fast fashion : continued success? by Patrick Regner & H. Emre Yildiz Q1) Evaluate the external environment in which H&M operates in. External environment refers to the challenging and complexity in which the firm operates. It is important to highlight the factors of the external environment because it is very critical to the success of the firm. PESTEL model and Porter’s 5 Forces (P5F) models will be used to evaluate the external environment of H&M. These models will determine
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