StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Operations Decision - Essay Example

Comments (0) Cite this document
Summary
Title Name Institution Description of Business XYZ Inc. is a company with customized services to suit customer’s needs. It was founded in 1990 in United State of America to offer consultancy to business start ups mainly in America. The consultancy services incorporated; customer service, sales, leadership, business etiquette and communication, dynamic decision making and motivating employees…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.1% of users find it useful
Operations Decision
Read TextPreview

Extract of sample "Operations Decision"

Download file to see previous pages The company has got systems and strategies which assist their clients meet their goals and objectives. XYZ Inc. has in the past adopted a partnership approach to ensure that they work closely and optimize customer contact strategies to live their clients satisfied, increased revenue and with advanced competitive advantage. The company has assisted a number of businesses to develop software’s that fits their operations and also get them new markets. With the designed outbound solutions the company helps cover full spectrum of the clients products with the mind that there are the voice of the clients’ products. Evaluation of Performance Through its various products, the company aims ensuring customer satisfaction through well managed reduced costs by optimizing the business process to support clients. XYZ Inc. has also developed mechanisms to help customers adopt those strategies that ensure valuable long term relationship with their clients. All these strategies have helped XYZ Inc. to remain on top of the game and high speed expansion to a number of countries across the globe. Environmental scanning involves study and in-depth interpretation of factors such as political, economical, political, social and technological events which impact the performance of a business. The analyses of these factors are very important as they help determine whether the company should remain in operation or not. Some of the political factors which can influence manager’s decision include taxation policy, trade regulations, government stability and unemployment policy. Given that XYZ Inc. operates in many countries the management is always keen about various regulations. The instability in Syria currently influenced the closure of the offices in that country. Economic factors are also very important in influencing management’s decision. Some of these are inflation rate, recession and customer liquidation. These factors usually influence the way performance as it dictates the company’s sales. Socio-cultural factors that influence the management’s decision include age distribution, religion, education levels, life expectancies, population, and income level. The social factors are important as it dictates the purchasing power amongst the clients. When the socio-cultural factors are healthy and favorable in an economy then the power of the targeted clients to buy will be higher. Technology is very important given that XYZ Inc. deals a lot in technological related services. It usually dictates whether the company is in a position to meet the client’s needs. Some of the technological factors include technological changes, improved distribution channels, improved communication skills. Finally the legal and environmental factors which can also be important to the management include; health and safety law, product safety law, advertising regulations law and the labor laws. All these factors are very important in influencing the management’s decisions on either to shut or remain in operation. Total Variable Cost = (Number of Employees X Employees Daily Wage) + Other Variable Costs = (100 X 70) + $2000= $9000 Total Cost = Total Variable Cost +Total Fixed Cost = $ 9,000+ Fixed Cost Worker Productivity = Units of Output per Day / Number of Employees 6,000 units in 20 days= 6,000/20=300 per day 300/100= 3 Total Profit/Loss = Total Revenue – ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Operations Decision Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Operations Decision Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/macro-microeconomics/1454371-operation-decisions
(Operations Decision Essay Example | Topics and Well Written Essays - 1000 Words)
Operations Decision Essay Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/macro-microeconomics/1454371-operation-decisions.
“Operations Decision Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/macro-microeconomics/1454371-operation-decisions.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Operations Decision

Division Courts Decision

Justice Act in the commencement of ss 108 to 117 and Schs 6 and 7 and the lawfulness of the Secretary’s Act in failing to fully implement its provisions. The second issue concerned the question of whether the Secretary had been guilty of an unlawful Act by exercising his prerogative and implementing a non-statutory tariff scheme when ss 108 to 117 represented the will of Parliament in regard to compensation for victims of criminal injuries, and whether he had thus breached his common law powers.

3(a) In 1988, a new non-statutory Criminal Injuries Compensation Scheme was set out under ss 108 to 117, 6 and 7 of the Criminal Justice Act of 1988. According to this scheme compensation for victims was calculated on a ba...
20 Pages(5000 words)Case Study

Operations Strategies for Gaining Competitive Advantage

The whole corporation strategy is based on the principle of direct contact with customers. This contact is achieved by selling computer systems directly to the customers (direct business model). As of its performance objectives, the company is been focused on the retention of its current position in the market (Daroca et al, 1996) with a prospect of an extension of its area of influence through the application of direct business model (as analyzed above) as well as its entrance to new, standardized product categories, such as network servers, workstations, mobility products, printers and other electronic accessories [1]. Another characteristic of a corporation’s strategic options (regarding the performance objectives set whe...
10 Pages(2500 words)Assignment

Operations Management

A meal in a restaurant, a visit to the hospital, buying a pair of Levi 501s, making a pair of Levi 501s, Woodstock Festival, insuring an automobile, staying in a hotel, going to the cinema, even the workings of a prison; all have operations activities and their management is central to the successful provision of goods and services. Even Government departments can draw heavily upon operational initiatives and strategies when they talk about supply chain management, lean supply, just in time and total quality management.

Operations management has its origins in the study of ‘production’ or ‘manufacturing management’. These terms still very much apply to manufacturing organizations that will have d...
7 Pages(1750 words)Case Study

How Does Branding Affect Buyers Purchase Decision

The scope of the study covers all kinds of buyers with different behaviours making buying decisions with regard to different brands. There is also a detailed study of the Consumer Decision Process. There is a good enough introduction on consumer buying process besides an extended and detailed introduction on Branding and Marketing emphasizing the difference between the two and how the concepts are different from each and in what way there can be a delineation between the two. There is an explanation on the different stages of Consumer Buying Behaviour, namely Need Awareness, Information Search, Checking Options, Purchase Decision, and Post Purchase Behaviour. There is also a detailed explanation on Types of Consumer Buying Behavio...
44 Pages(11000 words)Research Paper

Decision Making For Management - Linearity of Variable Costs within the Relevant Range

Keeping aside the fixed costs which have to be borne irrespective of the sales revenue, the remaining costs which are directly proportional to units sold can be minimized to manage cash flows in a better way. They can cut on their variable costs by having a look at the contribution margins of their company and their products.

The contribution of sales to before-tax profits, or gross profits, over and above the break-even is exactly the contribution margin as there are no fixed costs any more. The amount after the deduction of variable costs from the revenues will be added to the profits.

CVP graphs help the manager and the reader to have a better figure of the relationship between the profits, sales and volum...
7 Pages(1750 words)Assignment

Operations and Logistics Management

Operations management is the entire spectrum of functions and processes that are used to carry out production, sales, quality control, and distribution of products and services to meet the goals of an organization. Inventory, storage, and supply of goods constitute logistics management. Logistics control has military origins, where it implied movement of supplies, rations, equipment, gear and weaponry to the waterfront. Now it means delivery of raw material for factory consumption and distribution of the finished product to the end consumer. Together Operations and Logistics management constitute the business process control of an organization. 

A competitive advantage is an advantage over competitors gained by off...
11 Pages(2750 words)Term Paper

Should the U.S Navy Be Required to Standardize the Flight Operations Quality Assurance

This factor points to the increased role of data regarding operations and quality of the flights. It requires methods for detecting errors and capturing error contexts, as well as methods for reducing errors and mitigating their effects. In the maintenance of flight safety data Flight Operational Quality Assurance (FOQA) programs are of special mention. “FOQA programs use flight data collected during a carrier’s normal line operations to reduce costs and enhance safety by identifying a variety of ‘exceedances’- deviations of important flight parameters from normal operating ranges. FOQA programs typically use commercial Ground Data Replay and Analysis Systems (GDRASs) to detect specified deviations, generat...
6 Pages(1500 words)Term Paper

Business Operations of Starbucks in China

“Starbucks opened its first store in Hong Kong in May 2000 and currently has 51 stores. Guangzhou opened in August 2003 and has 12 stores in Southern China, including six stores in Guangzhou and six stores in Shenzhen (BNET).” Starbucks has entered the Chinese market through joint ventures with companies like Mei-Xin and Macau. The company in order to strengthen its operations and brand image in the country has recently decided to extend the term of the joint venture agreement made with the above-mentioned companies. “As part of the transaction, Mei-Xin (International) Ltd., will also acquire a 30 percent interest in a joint venture to operate Starbucks stores in Chengdu (BNET).”

Apart from the a...
6 Pages(1500 words)Case Study

Managing Operations at IKEA

IKEA has 278 retail outlets in 36 countries; most of these stores are in Europe, the United States, Canada, Asia and Australia. The motto of IKEA is that it wants to create a better life for people around the globe with their products and to sell their furniture and other products at affordable prices. The objective of the company is that it wants to make a profit, along with it, IKEA wants to serve the society and the environment as well.

A survey was conducted in 2005 and it was found out by the management of IKEA that the company had somewhere around over 275 million hits on their website. The turnover for IKEA was $26.1 billion in 2007. The objective of this report is to see how an organization approaches operations...
17 Pages(4250 words)Report

Decision Making in Health and Social Care

... there is no need for managers to please customers by being more favorable to them in decision making. However, acting in their own interest hospital managers would more likely suppress information flow to shareholders and take riskier decisions bordering on strategic competitive response to rivalry. For example price cutting decisions to increase volumes might jeopardize cash flow thus increasing operating costs in the short run. Coupled with inadequate knowledge about demand elasticities – price, income and cross – the managers might more likely make the wrong decisions. Information available to customers is still less in the health care industry (McGuire, Henderson and Mooney, 1987, p. 121). For instance they might not know...
8 Pages(2000 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Operations Decision for FREE!

Contact Us