I would have some difficulty ordering the parts possibly which could delay the repair but it would eventually get fixed and possibly much cheaper than calling a repair man. Conclusion: Using the creative process enabled me to isolate the problem and develop two possible solutions. After discussing the solutions with my wife we agreed that calling a repair man was the best decision because time is more important than the possibility of saving a few dollars. By using the creative process I have opened my mind to numerous ideas and developed two viable solutions. If I did not used the creative process, I may have overlooked the obvious problem and just replaced the refridgerator which would cost me lots of money.
The company really needs a complete overhaul so that it can gain a sustainable, comparative advantage in the marine anchor market. Question 1 Based on the information presented in the scenario/case study discuss Albatross Anchor’s competitiveness in relation to (please address all items in the below list and provide support for your conclusions): 1. Cost a) Cost or Production: Operational inefficiencies have caused production costs at Albatross Anchors to be a lot more than they should be. This means they have a smaller profit margin, inefficiencies eating up their potential profits. They could be making more money per unit if they would tighten up their processes.
These solutions can cut expense costs, and make more profit, because you aim for the peak period with specials, and with raised prices. 3 Evaluating alternatives- they can try each alternatives to see what works best, and to try to see which one brings expenses down. Also, it’s used to see what fits for that business, and once you find something that works you know have an advantage, and you can always look for room to improve your alternative. Lastly, if they just stop full time running operations, open later than mornings, add specials, and cut some employees off, raise prices their operating
These overall improvements have been a step in the right direction for Lowes’ future. These improvements however do cost money but like every good business man or woman knows to make money you sometimes have to spend it. So this can affect Lowes financial planning in the present and future, currently sales and profits have grown because of the new mobile devices therefore the risk factors are minimized due to the knowledge that these improvements are working but Lowes must continue to analyze the cost for these new improvements every year make sure these things do not become a financial burden. Therefore cost analysis is one factor that can affect the financial planning of the company also minimizing the use of these devices to only the stores is another factor that needs to be considered in the financial planning process. Spending money on training of these devices are also factors that must be considered this takes employees time and cost the company man hours and thus money that could be spent on other things.
For a company to retain talent it must offer more incentives for the employees than that of its competitors. Your company encourages the decisions and ideas of the employees but more programs could be put in place to help retain employees. Implementing a program that offers rewards for time and cost savings not only benefits the employee but also the company by projecting a positive image of employee worth to the company. Keeping the companies hiring practice on the national level is required for all employees that work in the retail stores but if there is a need for technology or manufacturing of a particular product I would recommend global labor. The ability to tap into the global labor market will make the company more competitive by being able to offer competitive prices on products due to lower overhead cost associated with the offset in the labor cost.
It can go globally, but it should be careful with culture of countries, and beware of other potential competitors. Before going globally, it should improve the company’s workforces, be better and offer best products and services. Attract or Relocate On my opinion, it is easier to bring the labor to the organization, than organization to labor for Tanglewood situation. Company has 12 regions, many region choices for people to live. It would be hard for Tanglewood to relocate.
They yield pretty good results looking at the tables. I feel if they feel they are succeeding with referrals they should continue to do so. Even though, Northern Oregon, the use of a staffing agency yields good results, each division should make their own decisions. I think the effects would increase the yields and turnover would decrease, although your costs would increase per person hired. Question 5 – Customer Service Quality I feel that other measures would be to continue to train the employees on customer skills.
For example, I scored a 15 in Category 2—Life Balance. Admittedly, I have a tendency to commit myself to projects after already being committed to others. I misjudge the amount of time and effort it takes to complete assignments, and I often spread myself too thin. I always accomplish my goals and tasks; however, I usually end up sacrificing time with family and friends. To extend on this, I also scored “very good” in Category 3—Be Proactive and Category 5—Put First Things First.
If they are, then they can move forward to working out a job arrangement with Paul. If Newcorp violates, they should quickly corrects the issue. Paul should keep in mind that many jobs require maneuvering in tight spaces. What may be difficult for someone at 6 feet tall, weighting 250 pounds may not be too difficult for someone at 5 feet tall, 100 pounds, as well as mental
What do you think of the base business plan in terms of the potential for demand for services as described? (15%) There is potential demand as long as they target the right group of people and they differentiate themselves correctly. However there are many alternatives around the same area where they want to be located: eSince is placed within walking distance to many offices the business professionals seems like a good market with high disposable income, but not a significant one since they don’t share the same schedules (mostly after work, before work and lunch break). I would go for sports professionals since their time schedule is more open and they can charge a premium. Through word of mouth this could make bring other categories of customers to fill in open hours of the gym.