Operational Management

WORKING CAPITAL MANAGEMENT: What is the purpose of short-term financing? Why does a company need short-term financing? Critically evaluate the following statement: A company should not hold surplus cash in all situations. EXPERT ANSWER The purpose of short-term financing is to provide a company with the necessary funds to meet its current financial obligations, such …

WORKING CAPITAL MANAGEMENT: What is the purpose of short-term financing? Why does a company need short-term financing? Critically evaluate the following statement: A company should not hold surplus cash in all situations. Read More »

Which of the following best defines decision variables in an optimization model? A. They are the quantities for which no feasible solutions exist. B. They are the quantities that the model seeks to maximize or minimize. C. They are unknown values that the model seeks to determine. D. They are limitations, requirements, or other restrictions …

Which of the following best defines decision variables in an optimization model? Read More »

EXPERT ANSWER 1.ans) This case talks about how the advancement in technology has invaded employee’s personal space. With advancement in technology and changing nature of work, customers now look for a round the clock service, which has left employees, with no time to relax after work. Type A personality characteristics projects an individual being outgoing, organized, …

Real Case: Round-the-Clock Stress Many employees feel that on-the-job stress is difficult hours. One research firm estimates that this strategy can to control, but at least when they get home they can add 5 percent to overall profits, a hefty sum given that relax. However, as the nature of work changes, the more and more businesses are finding their profit mar- home is no longer the sanctuary it once was. With gins being narrowed by the competition. advanced information technology and customer In some cases, the decision to expand working demands for 24-hour service, an increasing number of hours has been a result of customer needs. Kinko’s employees are on call at all times or working the Inc. moved to a 24-hour schedule when people liter- “graveyard” shift that used to exist only for factory ally started banging on their doors after regular busi- workers. For example, today there are numerous Wal- ness hours and asking them to let them come in for Mart stores, Walgreens drugstores, and supermarkets desperately needed photocopies. As a news article that never close. And consider the Heartland Golf Park recently put it, “The company’s…stores are magnets in Deer Park, Long Island. A golfer who wants a late for ambassadors of the night: everyone from dreamers evening tee-off time can get one up to 3:00 A.M. The pursuing secret schemes and second careers to execu- strategy has proven so popular that within 90 days of tives putting the final touches on tomorrow’s presenta- the time it was introduced, the wait time at midnighttion.” In Chicago, Kinko’s set up an office in the lobby had grown to two and a half hours. Avid golfers do not of the Stouffer Renaissance Hotel, a favorite spot of mind, however, as the course is well lit and they can international executives. Customers from different play as if it were high noon. time zones had been coming down at odd hours to ask All around the country, businesses are realizing that the hotel to fax materials abroad and to help them there is a great deal of profit that can be added to the with their desktop publishing. The hotel was not bottom line if they remain open outside of “normal” equipped to provide these services, so it asked Kinko’s 310 Part Three Dynamics of Organizational Behavior to help out. The guests are delighted with the new definitely growing. Additionally, organizations that are service, and the hotel is happy to be able to accommo- engaged in international business, such as brokerage date them thanks to their profitable arrangement with firms, are finding that their operations in Europe and Kinko’s. Asia require them to keep odd hours. A U.S.-based bro- Banks have also begun to offer 24-hour service. In ker must be up or on call in the wee hours of the morn- addition to their ATM machines, which can be found ing because Europe’s stock exchanges are doing just about everywhere, some banks now offer round-business. By the time the broker wraps up trading on the the-clock service: Read More »

EXPERT ANSWER

EXPERT ANSWER

Emirates is an airline company with a mission to provide high-quality commercial air transportation services. The company’s global strategy aims at efficient competition, exceeding far beyond the limits of the Arabian Gulf and Middle Eastern markets. In 1985, the Dubai government, cognisant of the country’s limited oil resources, launched the flag carrier as an alternative …

Emirates is an airline company with a mission to provide high-quality commercial air transportation services. The company’s global strategy aims at efficient competition, exceeding far beyond the limits of the Arabian Gulf and Middle Eastern markets. In 1985, the Dubai government, cognisant of the country’s limited oil resources, launched the flag carrier as an alternative means to economic growth in the United Arab Emirates (UAE). In the very beginning, the airline served 60 destinations in 42 countries across Europe, Middle East, Africa, Asia, and Australia. To keep up with the aggressive competition, Emirates emphasized product, equipment, and excellent service, and promoted a quality image. To do so, a multinational crew was recruited and a state-of-the art fleet was purchased. Within two decades, Emirates expanded its destinations and had remarkable financial returns. In 2014, it served 142 destinations in 80 countries from its hub in Dubai. It carried 44.5 million passengers, 5.1 million more than in 2012−13, and 2.3 million tons of airfreight, up by 8 percent, which contributed to the 26th consecutive year of profitable operations Read More »

Question: Discuss the functions and benefits of budgeting with the suitable example. EXPERT ANSWER Ans.Budgeting plays an important role in the effective utilization of available resources . Functions ÷ 1.Predict cash flows. A budget is extremely useful in companies that are growing rapidly, that have seasonal sales, or which have irregular sales patterns. These companies …

Question: Discuss the functions and benefits of budgeting with the suitable example. Read More »

Question 1 (Marks: 10) This question relates to the ethical issues associated with information technology. Evidence of research is needed. Consider the ten commandments of computer ethics provided in the textbook. Select any five of these commandments. Then, find one published example that describes a violation of each of the selected commandments. Note: The violation …

Question 1 (Marks: 10) This question relates to the ethical issues associated with information technology. Evidence of research is needed. Read More »

EXPERT ANSWER MARKETING OBJECTIVES- Our marketing objectives are concerned with having success in a product launch and its future business their related to building customer awareness increasing the product benefits physician and the product well in the market achieving a competitive advantage and increasing profitability of a product. The specific marketing objectives are: Increase product …

My product for this project is an authentic line of Indian spices. As in many cuisines, spices are the heart of authentic Indian cooking. It not only gives a good taste to food but also adds nutritional value to your meal. Spices do not contain any calories or fat. Beneficial spices like cumin, cloves, pepper, cinnamon, and turmeric are important in Indian recipes. Curry is an example of a sauce which uses a mixture of many spices. I come from Indian background. I grew up in India, around all spices, so I know the importance of spices in Indian community. I feel like this new product will help the American and Indian community, along with those from any backgrounds who love Indian cuisine, to achieve a more authentic flavor. I have noticed it is hard for my family to find Indian spices and it is also much more expensive here than in India. Since we do not have an Indian grocery store close by, we must travel very far, sometimes over an hour, to get the spices we need. If we create these spices with Maggi brand, then we can sell them in local convenient and grocery stores with much more accessibility. Maggi brand is well known in the cooking community for their ability to provide convenient flavoring products that are easy to use for cooks of all skill levels. Our target markets will be the Asian and American communities. We hope to appeal to Indians looking for quality and convenience. We also want to reach any cook making Asian dishes or those just looking to spice up their dinner. According to Wikipedia source, “The Maggi company was acquired by Nestle in 1947.” (Wikipedia, 2021, para. 1). Maggi is a leading food brand under the umbrella of Nestle. Maggi has a variety of products and has a different range for each country. Its products are majorly categorized into Maggi instant noodles, Maggi soups, sauces, and seasonings. SITUATION ANALYSIS Company Analysis According to Nestle official website, “The Maggi brand originates from Switzerland where in 1886 Julius Maggi created a recipe of flavors to bring added taste to meals Read More »

Doing Business In South Africa 1-) South Africa’s Country Profile: Economic, demographic, cultural indicators/information as well as analysis of country risk. 2-) Doing Business in South Africa: Country analysis from an international business perspective (level of ease of starting and doing business in that country) 3-) Suggested Entry Modes (for specific product group): Select a …

1-) South Africa’s Country Profile: Economic, demographic, cultural indicators/information as well as analysis of country risk. Read More »