Assignment #3: Production and Operations Management Marathon Oil – Case Study November 10.2010 BUS 508: The Business Enterprise Explain one possible option that Marathon could take to reduce the time involved in the production process. Oil refineries are huge sized plants‚ processing an average of a hundred thousand to several hundred thousand barrels of crude oil a day. Using process optimization‚ Marathon could reduce the time involved in the production process. The goal is to maximize
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discuss the salary negotiation case‚ the explanation of negotiation theory‚ the application of this negotiation theory to the salary negotiation case. Apparently‚ salary negotiation is very important to our daily lives due to its reflection of fair treatments of our skills sets‚ our values‚ our competencies. It is likely many professionals don’t know how to achieve the optimal outcome due to lack of understanding of the negotiation skills. Hence‚ I will explain the negotiation theory‚ the application
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Negotiation Exercise: Moms.Com 1. Facts: I started by offering my partner to exchange information about our priorities. My partner agreed and we shared information with each other regarding the items that matter for each of us. This enabled us to save time and focus on the issues that we could create some value for both of us. I told my partner that the number of runs was very important for me and I made it clear that the more runs I got‚ the more I can pay her for the show. After
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beverage categories? Explain. The strategically relevant components of the US beverage industry macro-environment: • Global beverage companies such as Coca Cola and PepsiCo had relied on such beverages to sustain in volume growth in mature markets where consumers were reducing their consumption of carbonated soft drinks. • Coca-Cola‚ PepsiCo‚ and other beverage companies were intent on expanding the market for alternative beverages by introducing energy drinks‚ sports drinks‚ and vitamin drinks in
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Self Appraisal Paper (2500 words) The negotiations class was an insightful experience. It helped me attain a better understanding of my strengths and weaknesses both personally and professionally. It helped put into perspective a lot of my theoretical analysis conducted on group dynamics and‚ most importantly‚ has helped me become a more effective negotiator. My goal with this paper is to communicate the evolution of my negotiation skills during the progression of the course. As a negotiator
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Midterm essay Subject: Negotiation skills Assignment topic: ETHICS IN NEGOTIATION Lecturer: Mrs. Cat Ngoc Faculty of international politics and diplomacy Diplomatic Academy of Vietnam Prepared by: Group 4 Phan Thị Diệu Ly – TT38A Đặng Ngọc Tâm Đan – TT38A Nghiêm Thúy My – TT38A Mai Phương Anh – TT38A Bùi Hồng Nhung – TT38A Hoàng Thảo Thùy Trang – TT38A Hà Trang Vân – TT38B Đinh Đức Duy – TT38B Hanoi‚ April 2013 TABLE OF CONTENT Table of content 2 List of tables 3 Introduction
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Northern Tool Northern Tool began as a catalog business‚ but soon grew to store locations in 19 states. Offering a wide variety of products‚ Northern Tool focuses its business on the home improvement and offers its brands to homeowners‚ builders‚ and large businesses. Whether you are a homeowner looking for a pressure washer or an industrial-sized business in need of air compressors‚ Northern Tool will have what you need to get the job done. From generators and power tools to trailers and towing
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In the article “Adam Smith‚ John Wayne‚ and the American Negotiation Style‚” the author states what he believes to be the fundamental rule of international negotiations: you must understand your own culture to be an effective international negotiator (Compendium 186). Knowledge of culture‚ style‚ ideals‚ and traits is crucial to forming an effective argument and getting positive results out of a negotiation. I come from the United States‚ where our fast-paced‚ direct‚ and individualist tendencies
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from everyday life examples and then move on to the discussion of a business cases. During the lecture it was interesting to go through the test‚ which made us understand what the strongest bargaining style inclinations are. In this diary the main focus is based on selected cases and final solutions observed in each affair. Diary of negotiations for Hamilton Real Estate: Negotiations started by introducing each company representatives and explaining interests of both sides in selling and buying
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An oil company must decide whether or not to drill an oil well in a particular area that they already own. The decision maker (DM) believes that the area could be dry ‚ reasonably good or a bonanza. See data in the table which shows the gross revenues for the oil well that is found. Decision Dry (D) Reasonably Bonanza(B) good(G) Drill $0 $85 $200 m Abandon $0 $0 $0 Probability 0.3 0.3 0.4 Drilling
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