Companies are either producing goods or delivering services. This means that only one of the two types of operations management strategies are used. True False Competitiveness doesn't include: Productivity Operations Management Profitability Effectiveness Operations Strategy The hierarchy and sequence of planning and decision-making are Mission, Organizational Strategy, Tactics, and Functional Strategies. True False A disadvantage of activity-on-node diagrams is the occasional need for dummy activities. True False
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MGT 314 (Operation Management)
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- create an Operationalplan for a wind farm (wind turbines that produce electrcity) Your operational plan should include key processes,structures and strategies involved in the transformation ofinputs into outputs. Where possible, a transformationmodel may be used to demonstrate this process. Thebusiness approach to planning and management ofproduce and services may also be included. And descriptions of key personnel and the organisationalstructure, employments agreements, etc.- Business Model is in tabular form is shown and 10 discussed in class. Explain Business Model in words mentioning a] Organizational Function/Process/Department b] Management process -POIC c] 10 Critical and strategic decision areas and 3 flows of SCM Comment if these critical areas and flows of SCM are present in all departments d] Create a relationship (in hierarchy form] between Activities – Operations - System e] comment- How Understanding of this relation can bring the operational excellenceAnalysis of pros and cons of available alternatives is part of Select one: a. Staffing b. Organization c. Decision-making O d. Planning
- All of the following questions relate to the decision making function of :management except Budgeting .a O Performance reports .b O None of the given answers .C Future oriented .d Establishing goals .e OWhat type of management system would support the creation, organization and dissemination of business knowledge to staff throughout a company. a.Management information system. b.Strategic information system. c.Knowledge management system. d.Executive management system. Two concepts that shape much of the strategy that companies employ are: a.Value chain analysis and applying the five forces model. b.Applying the forces model and an integrated approach. c.Value chain analysis and having a competitive advantage. d.Applying the five forces model and having a competitive advantage. Profit and loss analysed by a company would need to access current sales figures and not access past sales figures from several years ago. What kind of information would this be? a.Information that is valid b.Information that is reliable. c.Information that is accurate. d.Information that is timely.Identify the resources, capabilities and core competencies that would be needed for that business. Resources: Asset that an organization can use when formulating or implementing a strategy. - Tangible: people, money, equipment, location, supplies - Intangible: knowledge, patent, trademark, brand, reputation, training system Capabilities: An organizational and management skill necessary to orchestrate a diverse set of resources and deploy them strategically. This is an intangible. Core competencies: A unique strength within an organization that allows it to differentiate its products and services from those of its competitors, creating higher value or lower costs for its customers and itself. Identify the major costs of the following three ways to start a new business. Start-up Business purchase Franchise What do you think is best way to start up this business (creating a new business, buying an existing business or franchising a business)? Why?
- 1. Organizational Structures with M&E Functions2. Human Capacity for M&E3. Partnerships for Planning, Coordinating and Managing the M&E System4. M&E frameworks/Logical Framework5. M&E Work Plan and costs6. Communication, Advocacy and Culture for M&E7. Routine Programme Monitoring8. Surveys and Surveillance9. National and Sub-national databases10. Supportive Supervision and Data Auditing11. Evaluation and Research 12. Data Dissemination and UseBased on the 12 components above, kindly assume an organization of your choice and evaluate the Monitoring and evaluation system of the chosen organization by answering the questions below. 1. Which of the 12 components of the M&E System are being applied in your organization and how? 2. Using the 12 components, list the strengths and weaknesses of the M&E System in your organization.3. How can the identified weaknesses be addressed?Below is the levels of organizational strategies and the decision-makers 1. Corporate Level: Chief Executive Order 2. Division Level Division President/Executive Vice President 3. Functional Level Finance, Marketing, R&D, Manufacturing, Information Systems and Human Resource Managers 4. Operational Level Plant managers, sales managers, production and department managers Scenario You and a group of enthusiastic colleagues have recently graduated from university, and are eagerly discussing a possible joint entrepreneurial venture, focusing on the production of environmentally friendly electric vehicles. To fund this new venture, the team has been advised to come up with a solid implementation plan, supported by the strategy implementation framework to include detailed information on the business concept, strategic vision, mission, revenue model, financial objectives, and projections and much more. The rising use of hybrid and environmentally friendly electric vehicles (EVs)…Below is the levels of organizational strategies and the decision-makers 1. Corporate Level: Chief Executive Order 2. Division Level Division President/Executive Vice President 3. Functional Level Finance, Marketing, R&D, Manufacturing, Information Systems and Human Resource Managers 4. Operational Level Plant managers, sales managers, production and department managers Scenario You and a group of enthusiastic colleagues have recently graduated from university, and are eagerly discussing a possible joint entrepreneurial venture, focusing on the production of environmentally friendly electric vehicles. To fund this new venture, the team has been advised to come up with a solid implementation plan, supported by the strategy implementation framework to include detailed information on the business concept, strategic vision, mission, revenue model, financial objectives, and projections and much more. The rising use of hybrid and environmentally friendly electric vehicles (EVs)…
- 5. Explain the importance of the IS in the organization o Without the IS, how would the company perform? o What is the impact of the implemented IS? o Was it a wise decision to implement the IS? o Will the IS result in a positive Return On Investment (ROI)?Which of the following is an issue considered in developing corporate strategies? a. What business(es) are we in? b. What direction are we going? c. What resources do we have to implement our strategies? d. What businesses are we in and what to do with those businesses?1- Which of the following functions of management ensures that planned objectives set are achieved? a. Directing b. Organizing c. Controlling d. Planning