Question
i need to answer the following question ASAP (Q.3)
Question : 03. Project Summary and Presentation: You have to submit an overall summary for your tutor that summarise the full
0 0
Add a comment Improve this question Transcribed image text
Answer #1

** Please Please up vote this answer. You up vote is so valuable to me. **

(a)

It is helpful in understanding the states of the progress dynamically and hence is extremely useful in making important decisions that affect the entire business. Thus, we can use the functionality provided by the dynamic modeling to benefit us from the understandings over the organization's performance and its link to the internal structure and operations policies.

The dynamic systems modeling helps in modeling the attributes keeping in mind all the possible aspects that may affect the attributes. This is a process where we learn the effects of various attributes on the performance of the concerned entity, in this case, the performance of the organization. This is why we can utilize the dynamic systems modeling to understand the factors of internal structure and the operations policies to find out how they are affecting the performance of the organization. This helps in coming up with aspects that have a direct effect on the performance of the organization and hence this can be taken care of to ensure it does not affect the organization's performance in a negative way.

These modeling observations can also help us in determining their relationships with other business stakeholders as well. The other stakeholders include the customers, suppliers among others. This is hence a piece of very crucial information for the organization where it can determine the various areas that impact the organizational performance the most and thus we can focus on these areas with great effect to ensure the organizational performance is kept high using efficient policies developed using the knowledge we gained from dynamic systems modeling.

Hence, this is how we can use the dynamic systems modeling to come up with methods to understand how organizational performance is being affected because of its internal structure and the underlying operational policies.

(b)

budget supply chain product features marketing strategies management effeciency raw material cost Bected order mate customer

Above diagram represents the causal diagram for the furniture manufacturing in Austria.

Limitation of causal diagram:

Causal loop diagrams do not adhere to the basic structuring principles of feedback systems, nor do they represent explicit decision-making processes and therefore lack the organizing power that should be expected of a conceptualizing tool.

A causal loop diagram (CLD) is a causal outline that guides in envisioning how various factors in a framework are interrelated. The diagram consists of a set of nodes and edges. Hubs speak to the factors and edges are the connections that speak to an association or a connection between the two factors.

________________________________________________________________

I WORKED A LOT TO WRITE A PERFECT ANSWER. PLEASE PLEASE UP VOTE THIS ANSWER. PLEASE. THANK YOU SO MUCH.

YOUR UP VOTE IS SO VALUABLE TO ME.

Add a comment
Know the answer?
Add Answer to:
i need to answer the following question ASAP (Q.3) Question : 03. Project Summary and Presentation:...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Question : Q3. Project Summary and Presentation: You have to submit an overall summary for your...

    Question : Q3. Project Summary and Presentation: You have to submit an overall summary for your tutor that summarise the full project and reflect your learning and applications used in SYS280. (MAX 500 words )    ​​​​​​​================================== ​INSTUCTIONS​ ​​: Your report should be based around an explanatory commentary in course terms that guides your tutor through your analysis and includes: 1. Your description of the problem situation using appropriate systems language where possible. 2. The Conceptualization should be illustrated using...

  • i need to answer the following question ASAP about :- Q2. Draw the causal diagram for...

    i need to answer the following question ASAP about :- Q2. Draw the causal diagram for the above -complexity and discuss the limitations of the causal diagram. Then explain who it might be used for policy analysis in your case. Support your answer with practical advices for the successful application. Let's assume there is an Austrian based company who selling office furniture in India. This company has its manufacturing unit in Austria. So, they import all the products from there....

  • i need an answer Asap . Q. explain who it might be used for policy analysis...

    i need an answer Asap . Q. explain who it might be used for policy analysis in your case. Support your answer with practical advices for the successful application . causal diagram : about : pl Above diagram represents the causal diagram for the furniture manufacturing in Austria. Limitation of causal diagram: Causal loop diagrams do not adhere to the basic structuring principles of feedback systems, nor do they represent explicit decision-making processes and therefore lack the organizing power that...

  • The highlighted sections are the ones i need figured out MGMT 640 GROUP PROJECT to your...

    The highlighted sections are the ones i need figured out MGMT 640 GROUP PROJECT to your team has been hired to provide financial analysis for a start-up company, Bobble in Style, n produces customized bobble heads. The bobble heads are made out of less rigid materials and are more true to life more true to life than those of competitors. The company inventors, Mr. and Mrs. Lee, are going to pitch trieir idea to Shark Tank in a few months,...

  • can someone help with the blue reader project, please? I have the journal entries I need...

    can someone help with the blue reader project, please? I have the journal entries I need help with journal ledger and trial balance so I can I do the financial statements. thanks can someone help me the ledger and trial balance please, I posted all the information about the picture Credit The accounting cycle illustrated below is designed to provide information about a company's profitability for lack thereof) along with many other important financial characteristics. This same accounting Cycle is...

  • What an Executive Summary Is An executive summary is a specific type of document that does...

    What an Executive Summary Is An executive summary is a specific type of document that does two things: it summarizes a research article, and it offers recommendations as to how information from the article can be used. Some long reports can contain an executive summary section, as indicated in the Pearson handbook. Write a 2 pahe Executive Summary In business contexts, an executive summary is always written for a specific purpose: to explain the information in the article to a...

  • How can we assess whether a project is a success or a failure? This case presents...

    How can we assess whether a project is a success or a failure? This case presents two phases of a large business transformation project involving the implementation of an ERP system with the aim of creating an integrated company. The case illustrates some of the challenges associated with integration. It also presents the obstacles facing companies that undertake projects involving large information technology projects. Bombardier and Its Environment Joseph-Armand Bombardier was 15 years old when he built his first snowmobile...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT