Q: 3 (A) What factors must a firm consider while addressing the make or buy decision? Ans: International Operations management and corporate strategy: Operations management of an International business needs to be integrated with the firm’s corporate strategy. The central role of operations management is to create the potential for achieving superior value for the firm. If operations management takes Rs. 100 worth of inputs and brings out product worth Rs. 150‚ it has crated considerable value
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What do you think was the single most important invention of the Industrial Revolution?Why and what impact did it have? Be specific. I strongly believe that the single most important invention of the Industrial Revolution was alternating electric current (AC current) . AC current‚ invented by Nikola Tesla‚ is involved in everything around us today. From outlets and electric heat to a majority of common household appliances‚ AC current is seen in a large portion of what we today consider as “everyday
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World War II it was an era of simplicity and desperation the general population had housing crisis‚ food shortage and raw material shortages etc. Political Influences On a global political stand point there was a uniting of ideas and governments; what we know today as the United Nations (UN). One of the main ideas which the UN has grown up around is ‘The individual possess rights simply by virtue of being Human’ (The Universal Declaration of human rights); which was adopted by the general assembly
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WHY MOST POLICIES DON’T WORK IN AFRICA Ever since Africa became a continent‚ most of her problems have been policy and policy management. First‚ it was the colonial policy makers who introduced the Indirect Rule system (as was the case of British colonial Administration) and the assimilation policy system (as was the case of the French colonial Administration).The Colonial masters adopted these policies largely
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Human Resource is the most important asset of an organization The importance of human resource (HR) can be explained through the analogy of a motorcycle. A motorcycle can’t run on its own without the function of its many parts. It needs to be serviced regularly‚ the parts oiled and sometimes‚ talking to it‚ helps in running of your motorbike. Trust me (I myself‚ own a Vespa). Ignorance of its squeaky brake pads‚ almost thread less rear tyres could hamper the
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Is the formal cultural system within a firm the most important factor in creating an ethical workplace? How do formal cultural systems attempt to promote ethics? There are four characteristics that can create cultures with in an organization; they are power‚ bureaucracy‚ achievement and innovation and support. Power: This culture’s descriptions include centralization. Individual power and decision making is autocratic and patriarchal. There is a fear of punishment and implicit rules are laid
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mentioned in the constitution does not mean that the right doesn’t exist. This amendment is important because it protects our natural rights. It keeps in mind the nature of a federal government finding a way to corrupt the laws given by taking away other rights. 2. Amendment 10- Power to the states- All rights not listed in the Constitution belong to the states and the people. This amendment is extremely important because it exhibits that the main power of the constitution lies in the hands of the
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success‚ Rome gradually fell. Rome also went from a republic to an empire‚ which slowly affected them. The Romans were focused on entertainment and violence because they were focused on this their empire was lacking of strength. The reason that is the most significant for Rome’s fall is the loss of moral strength because they lost their loyalty and patriotism. Loss of moral strength is the main reason for Rome’s fall. When Rome’s empire had expanded it made the cities over populate. The Romans had
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a social science which uses various methods of empirical investigation and critical analysis to develop a body of knowledge about human social activity. For many sociologists the goal is to conduct research which may be applied directly to social policy and welfare‚ while others focus primarily on refining the theoretical understanding of social processes. Subject matter ranges from the micro level of individual agency and interaction to the macro level of systems and the social structure. Many philosophers
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Developing a Motivational Plan Essay by Deborah E. Fulton Grand Canyon University: EDA 575 September 3‚ 2014 Developing a Motivational Plan A key component in a school’s success is motivating stakeholders (faculty‚ staff‚ students‚ etc.). Motivating all stakeholders (i.e. employees) is an issue organizations (such as schools) place great emphasis when discussing the success of their organization. School leaders realize they need to infuse their staff with motivation in order to shift
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