uses highly specialized equipment with very little flexibility and almost completely automated. Its production is continuous. This process is made to match outputs-outcomes with demand of product. Cost effectiveness (large capacity of operation). BP´s example. 1 barrel of oil contains 42 US gallons which is refined into 19.4 gasoline gallons‚ 9‚7 gallons: heating oil and Diesel fuel‚ 4‚3 gallons of jet fuel and other products. BPs: Crude oil number of
Premium Petroleum Manufacturing Diesel fuel
Chapter 1a: Strategy and the organisation 1.0 What is an organization? 1.1 An organization as a collection of components 1.1.1 Internal environment An organization can be seen as consisting of the following components: Strategies Structures Systems Skills Staff Style Shared beliefs: Social systems Note: McKinsey’s 7S framework 1.2 Organisations as collections of people and entities 1.2.1 Internal Stakeholders (i) Board of Directors (ii) Managers (iii) Staff (iv) Unions
Premium Strategic management
Snails‚ clams‚ squids‚ chiton. Is it possible that they may all be related in some way? Could they come from the same family tree? How does an octopus related to an oyster other than living in water? Yes it is very true that all of the above named specimen evolved from the same ancestor. The hypothetical ancestral mollusk has evolved into so many different species that are adapted to live in a variety of environments. Among the many species clams and snail‚ land snails in particular‚ have evolved
Premium Evolution Animal Cnidaria
GE _ McKinsey Matrix QuickMBA / Strategy / GE-McKinsey Matrix GE / McKinsey Matrix In consulting engagements with General Electric in the 1970’s‚ McKinsey & Company developed a nine-cell portfolio matrix as a tool for screening GE’s large portfolio of strategic business units (SBU). This business screen became known as the GE/McKinsey Matrix and is shown below: GE / McKinsey Matrix Business Unit Strength High High Medium Low Medium Low The GE / McKinsey matrix is similar to the
Premium Strategic management
Organizational Structure An organization is a social unit of people‚ systematically structured and managed to meet a need or to pursue collective goals on a continuing basis. All organizations have a management structure that determines relationships between functions and positions‚ and subdivides and delegates roles‚ responsibilities‚ and authority to carry out defined tasks. Therefore‚ in order to better manage the large amount of resources and assets organizations need to be in some sort of
Premium Organizational structure Management
Direction Cosine Matrix IMU: Theory William Premerlani and Paul Bizard This is the first of a pair of papers on the theory and implementation of a direction-cosine-matrix (DCM) based inertial measurement unit for application in model planes and helicopters. Actually‚ at this point‚ it is still a draft‚ there is still a lot more work to be done. Several reviewers‚ especially Louis LeGrand and UFO-man‚ have made good suggestions on additions and revisions that we should make and prepared some figures
Premium Linear algebra
The Evolution of Architecture due to several analyzed themes (Gothic architecture and Modern architecture) Abstract This paper contains a comparative analysis of the evolution of architecture in relation to Gothic revival and Modern Architecture. In this comparative analysis the similarities and differences of each style are highlighted and discussed. It further discusses and illustrates the elements which are unique to each style. The buildings which are the subject of this analysis includes:
Premium Gothic architecture
stressed the importance of taking a future looking long term perspective. In his groundbreaking work Strategy and Structure (1962)‚ Chandler showed that a long term coordinated strategy was necessary to give a company structure‚ direction‚ and focus. He says it concisely‚ "structure follows strategy". Today we recognize that this is only half the story: strategy also follows from structure (see Tom Peters Liberation Management) Philip Selznick (1957) introduced the idea of matching the organization’s
Premium Strategic management
support data transmission. However‚ the data rates were generally lower than that supported by dial-up connections. The ITU-R initiative on IMT-2000 (international mobile Telecommunications 2000) paved the way for evolution to 3G. A set of requirements such as a peak data rate of 2 Mb/s and support for vehicular mobility were published under IMT-2000 initiative. Both the GSM and CDMA camps formed their own separate 3G partnership projects (3GPP and 3GPP2‚ respectively) to develop IMT-2000 compliant
Premium
The Evolution of the Automobile The official definition of an automobile is “a passenger vehicle designed for operation on ordinary roads and typically having four wheels and a gasoline or diesel internal-combustion engine” (Merriam-Webster 51). There is no one person accredited for the invention of the automobile‚ but rather a collection of advancements that evolved into the modern-day automobile (Smith 12). Today‚ there are approximately 600 million passenger vehicles in existence worldwide
Premium Internal combustion engine Automobile Vehicle