The fabrication phases and the assembly and test phase consist of their own procedures. Nowadays manufacturing process becomes more and more technologically diverse and intense. It results in a decrease in a direct labor percentage of total manufacturing cost. Management considered that an inaccuracy of GEI’s standard cost system caused a poor financial performance. The company need find a better cost system which could truly track costs and identify which of products were profitable and which were not.
Problem: CanGo has never prepared a SWOT analysis. This can lead to poor decision making and ineffective goal determination. Solution: Prepare a SWOT analysis which shows the company’s strengths, weaknesses, opportunities and threats. Strengths and weaknesses are often internal factors while opportunities and threats are external. CanGo needs to do a SWOT analysis in order to identify where they are strong and where they are vulnerable.
Without prior market penetration of an organization’s competetitors, the usefulness and effectiveness of properly marketing a new product or service can be quite burdensome. This is due to the fact that an organization runs a major risk of constantly striving to maintain its customer base, as the new type of product or service has not yet been introduced into the maintstream. Additionally, pricing may be an issue based upon: Should pricing be very low to attract new buyers?, or Should pricing be set high to offset initial entry into a new marketplace? These are the questions that an organization must face, but for the most part, being a
• A differentiator must control its cost structure to ensure the price of its products does not exceed the price customers are willing to pay for them • When differentiation stems from the design or physical features of the product, differentiators are at great risk of being imitated ▫ Example? • When differentiation stems from superior service or reliability, or from any intangible source a company is much more secure. ▫ Example?
3) What are the factors that lead to or impede successful ABC implementation (i.e., individual, organizational, technological, external) and which factors were present in the case of Universal? Do these success factors tend to be more behavioral or technical in nature? Universal Electronics’s standard costing system was basically allocating large pieces of overhead to production processes, and burying essential elements of manufacturing costs. These methods not only created incorrect costs, but also they did not provide the costing accuracy or level of detail needed in that competitive business environment. There are several factors, or lack thereof, that can have a direct impact into a successful or unsuccessful ABC implementation, and these can be categorize as follows: * Individual Factors: * There should be individual(s) with expert knowledge of ABC in order to successfully implement this system into a company.
The practical correlations are not beneficial. Work experience is significant and a good predictor to use in hiring employees as it relates to performance, citizenship, citizenship, absence, and promotion potential. Traditional methods show interview scores are used to predict promotion potential. Tanglewood’s proposed method includes the comparisons between the following: 1) Citizenship 2) Absence 3) Performance 4) Promotion
While candidates are otherwise qualified they don’t possess the skills to maintain good customer service and problem solving skills necessary to effectively work in retail. Using the ranking method, finalist are ordered from the most desirable to the least desirable based on results of discretional assessments, hiring managers have a higher probability of choosing the most qualified candidate. (Heneman & Judge p. 554) Managerial focus groups should focus on eliminating the time laps between the application and the offer of employment as these is eliminating qualified
3 In goods production, Gantt charts may be usable if: 1. There are not many work centers. With many work centers, a carefully developed Gantt display of schedules tends to be a piece of gross fiction, because queuing effects (discussed earlier) make lead times unpredictable. Keeping the chart up-todate under such conditions would be time-consuming and pointless. 2.
Within an organisational structure the term silo means that information is not freely or communicated within other areas of the business / work place, one department does not know what the other department does for the customers / organisation. The likely effects that this can have on the customer service provided is that there is less efficiency in the services provided and also higher possibilities of errors occurring. Question 3: Describe each of the following Market Segmentation terms and give an example of each one a) Geographic segmentation b) Demographic segmentation c) Psychographic segmentation d) Behavioural segmentation A) Geographic segmentation is the Collecting and analysing of information according to the physical
Licensing is supposed to create a boundary in separating people who know how to do the job from people who do not. Young (2002) argues that occupational licensing has many flaws. He stated that it raises prices and does not prove concretely that having a license insures better quality or safety. Also, the requirements usually do not insure “good practice.” The law places more attention to non-licensed practitioners than licensed practitioners who malpractice. Occupational Licensing requires schooling, courses, training, and other obstacles in order for people to practice their specialty.