Nobody downloaded yet

Participation Questions Week 2 - Essay Example

Comments (0) Cite this document
Summary
An operational strategy utilized at my place of work which has been successful at improving the efficiency of the manufacturing line is just in time inventory (JIT). The company began utilizing JIT recently after it realized the firm was losing money due to the excessive amounts…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.3% of users find it useful
Participation Questions Week 2
Read TextPreview

Extract of sample
"Participation Questions Week 2"

Download file to see previous pages Why are companies interested in operational management today? Why is it important? What is the relationship between operational management and supply chain management? How are operations management functions performed at your organization?
Companies are interested in operational management today because of how important it is to get daily work done efficiently, timely, accurately and at a low cost. It is necessary to ensure that the processes of creating a product actually works right and that improvements are made in customer service that can lead to cost reductions. Because every organization produces some product or service, an understating of modern or up-to-date approaches to managing operations is a good idea. In the past, manufacturing businesses showed more interest in the use of operations strategies and operations management but a business that offers a service can better offer that service in a more efficient manner if it treated the actual customer service as a product. According to the week one course overview, operations management refers to the direction and control of the processes that turn inputs into finished products or services and supply chain is the link between the suppliers of the material and services that convert throughout the process, the ideas and raw materials into the finished product.
I work at a college and the operations management functions has so many levels. Because I work in the College of Continuing Studies, it is easy to see how the process for this particular level works. Most offices perform meeting and follow-up meetings that may be an expression of ideas that could possibly turn into a process. The follow-up meetings with expected target dates and action items seem to be the best way to ensure that the meetings have not just been a waste of time.
I agree with your view that companies today are interested in operational management today ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Participation Questions Week 2 Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Participation Questions Week 2 Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/miscellaneous/1557235-participation-questions-week-2
(Participation Questions Week 2 Essay Example | Topics and Well Written Essays - 750 Words)
Participation Questions Week 2 Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/miscellaneous/1557235-participation-questions-week-2.
“Participation Questions Week 2 Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/miscellaneous/1557235-participation-questions-week-2.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Discussion Questions and participation questions week 1
...in accounting reporting. I believe that the work of the FASB has been extremely instrumental in the economic success the United States has had during the past four decades. 6. The generally accepted accounting principles are derived from various sources with the FASB being the organization most involved in the standard setting process. There are different types of sources other than the FASB that deal with GAAP. Two additional sources of GAAP are the American Institute of Certified Public Accountants (AICPA) and the FASB Emerging Issues Task Board (EITB). The SEC has contributed to standard setting most notably through its contributions in the formation of the Sarbanes Oxley Act of 2002. 7. Participation...
3 Pages(750 words)Essay
Participation Questions week 4
...in trouble; that is, funding long term needs with short term debt. Liquidity problems may arise for the company in future. But of course, the liquidity risk is offset by lower cost of debt. 3.Week 3/dis. question 2/Krystal harris Assets are items with earning power or some value to the owner. Liabilities are obligations, usually settled with an asset. In my opinion, it would be difficult for a company to operate without an liabilities. In business, assets can be tangible, such as equipment, land, or cash. Although not tangible, copyrights, patents, and other intellectual property are assets. Liabilities can include the electric bill, and capital funded. If the company does not have any...
4 Pages(1000 words)Essay
Week Two Participation Questions
...will enable companies to develop electric and hybrid cars that can stand out and provide the types of benefits Americans seek. A preview of the potential of the technology is already here. GM will launch in 2010 the Volt 230 model, a vehicle with the capabilities of giving 230 miles per gallon. Welch, D. (2005). Obama’s $2.4 billion bet. Businessweek. Retrieved October 7, 2009 from http://www.businessweek.com/autos/autobeat/archives/2009/08/obamas_24_billi.html 2. I agree with your perspective that in order for organizational change to occur the changes have to start at the top of the food chain. The executive and managerial staff is the stakeholder group responsible for any transformational change initiative. Their...
3 Pages(750 words)Essay
Week 2 Participation Questions
...to misunderstanding because the receptor never read the message and the sender assumed that it was read. Imagine a customer that sends three emails complaining about something, but due to a system error nobody at the company ever received the messages. The customer assumes the messages were read and the customer service of the company is poor. 2. (Robert) I understand your perspective that person to person communication can be much harder than other ways of communication. One of the primary reasons for this is that emotions are always present during person to person communication. It is much easier to block the emotional aspect of communicating when there is a computer in front of you instead of a real person. Also when...
4 Pages(1000 words)Essay
Participation Questions Week 3
...1. (Marcia) The managers at your company improved their efficiency and ability to track and monitor work through the utilization of the intranet. In the fast pace business environment of today electronic communication tools are imperative to achieve business success. Another factor that increases the importance of the use of electronic communication as a primary channel to communicate information is the globalization movement. Due to the fact that multinational corporation have at times hundreds or even thousands of different physical locations in different countries, electronic forums create the ability to formulate task forces very quickly to deal with complex business problems that require immediate attention. 2....
3 Pages(750 words)Essay
Week Six Discussion questions and Participation questions
...1. In my place of work there are rules and guidelines the employees must follow. Timeliness is very important. If a person arrives late more than twice in a month they get suspended. The human resource department has a three warning rule that stipulates that an employee can get fired after receiving the third written warning. I knew an employee that received three warnings. The person was not fired, but he got demoted and suspended for one month. The most common disciplinary mechanism utilized at our workplace is suspensions. I have never been suspended, but I once received a written warning from one of my superiors over a misunderstanding. 2. I learned a lot of valuable lessons during this business course. Training and...
3 Pages(750 words)Essay
Week 3 Discussion Questions and Participation Questions
...to illustrate the prices of homes in a particular region is a bar graph. The bar graph can illustrate the different prices of homes in the area. The reason I choose a bar chart is because it reflects categorical data. Below is an example of a bar chart with five home prices ($100000, $150000, $200000, $175000, and $250000). 2. The basic formula used in a regression analysis is y = a + bx. In this formula the y represents the dependent variable. This variable is subject to the independent variables to find the result of the equation. The dependent variable cannot be controlled, but the result is influenced by the values of the independent variable or variables. If the formula illustrated above had multiple independent...
4 Pages(1000 words)Essay
Week 3 Discussion Questions and Participation Questions
...1. The company I work for participates in a perfect competition market structure. There is intense competition and a large number of participants. Toobtain maximum profits price must equal marginal revenue which equals marginal costs (P=MR=MC). The barriers of entry are low in the market. The products sold by the competition are all similar. During team meetings the employees discuss ways improving the profits of the firm. Market forces in our marketplace controls price. The law of supply and demand forces equilibrium prices in the marketplace. 2. My firm does not use product differentiation. When a firm uses product differentiation the market structure of the firm is monopolistic competition. Examples of firms that use product... in the...
3 Pages(750 words)Essay
Week 2 discussion and participation
...DQ1 The article I read from this week’s article database was The Principles or Marketing. I thought the article was very insightful. I agreed with the author that in the teaching of marketing students are flooded with theories, concepts, and analytic techniques. The field of marketing took off in the middle of the 20th century. It is amazing how much knowledge scholars have created for this business discipline. The thesis of the author was that since there is so much information in marketing, students are over flooded with information which makes it hard to identify the basic marketing principles. The author of the article claims that the basic principle is focus. A great example illustrated in the article regarding focus...
3 Pages(750 words)Essay
Week 5 Participation 2
...Response to Discussion Response to Jennifer Hurst I concur with your assertion that health problems necessitates a change in professional and personal goals. It is imperative to align these goals with your personal needs. Since one of your professional goals involves helping people, I agree that taking the necessary steps to further your career is fundamental. However, this should be done in a way that does not affect your health negatively. For instance, health problems could be sources of stress and thus affect how your activities influence others. Response to Sarah Maxey Sarah, your contention that this program has changed your perspective in regards to your focus on specifics as opposed to just moving up in the company... to Discussion...
1 Pages(250 words)Assignment
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 Participation Questions Week 2 for FREE!
Contact Us