What factors have contributed to the importance of
international markets on Operations Management?
In what areas have these factors impacted Operations
Management?
Think of a company or a product. How would you
determine the demand for this product?
Choose a different product. Would the way you
determine the demand for this product be different than the way you
determined demand for the first product? Why or why not?
- High monetary value in international trade/markets.
- Competition is less in international markets
- Availability of different product varieties (product lines)
- Customer needs are increasing
- Availability of resources (raw materials, labor,etc)
- International markets is a great source to generate revenue
- Quality Management – as there is a focus on CI (Continuous Improvement) on quality enhancement.
- Process and production capacity design- there is a changing customer trend and the production methods need to be altered to meet the strategic change in demand.
- Inventory Management- availability of resources has a great impact on inventory management in international market. It is important that the right quantity is delivered at the right time.
- Supply Chain Management- this is interrelated with inventory management.
- Human Resources Management- is essential to be mastered in a diverse workplace in international markets.
- Pricing and Economies of Scale- is important to understand Return on Investment (ROI) for the firm.
Note- If you liked the answer, please give an up-vote, this will be quite encouraging for me, Thank you.
What factors have contributed to the importance of international markets on Operations Management? In what areas...
For this assignment, answer the following questions: What factors have contributed to the importance of international markets on Operations Management? In what areas have these factors impacted Operations Management? Think of a company or a product. How would you determine the demand for this product? Choose a different product. Would the way you determine the demand for this product be different than the way you determined demand for the first product? Why or why not? Please add the references (...
Global Analysis. Discuss the importance of globalization of business in today’s world and the trend. Discuss global issues that impacted your company’s opportunities and performance. For example, how have tariffs, transportation costs, exchange rates impacted your company’s production and selling decisions? How do exchange rate changes affect your decision and operation? Discuss differences and similarities in product demand among regional markets in which you chose to compete. Outline any potential global factors that may affect your future productions/operations.
Many Japanese companies use ethnocentric staffing policies in international operations despite the difficulties that this policy can cause companies 16-1. Why do you think Japanese companies prefer to have Japanese in top management positions? 16-2. If you were working as a consultant for a Japanese company, would you recommend that it change this policy? Explain. Culture shock is the psychological difficulties experienced when living in an unfamiliar culture and is characterized by homesickness, irritability, confusion, aggravation, and depression. 16-1. Why...
Organizational design and management are key factors in quality improvement. In Chapter 4, high-performing teams are mentioned which have the following characteristics: Size ands structure Shared vision Focused objectives Leadership Cohesion Action Follow-up Hoshin planning Based on these characteristics, explain the relevance and importance of these characteristics in quality management and give examples. Do you think any of the characteristics are more important than the others? Why?
You have learned the importance of using different analytical methods this week. Data management competencies Hypothesis-driven methods Exploratory techniques Data mining with a target variable Do you feel one method is better than the others? Why?
Over recent years, a number of key challenges have become very significant to Operations Managers. Six of these concepts are: Changing Technologies Continued Globalization of markets including 1st and 2nd world entrants. Changing customer expectations Changing job designs Quality management Global manufacturing Your task is to: Identify a business you think is interesting and briefly discuss how each of the above challenges might impact that business in the future. (Maximum 1200 words) Choose a...
Cultural Concerns in International Expansion: lululemon athletica 1.The Canadian-based company lululemon athletica has successfully entered international markets. Its expansion so far has been to countries that share a common language and similar cultures, including the United States, Australia, and New Zealand. The company has been apprehensive about expanding to markets with different cultural attitudes. The leadership is now prepared for this next international expansion and has decided to enter the Chinese market. You have been asked to be a part...
Case 18: Chipotle Mexican Grill, Inc.: The International
Challenge
Do overseas markets offer attractive growth
opportunities for chipotle?
If so should, chipotle replicate its US strategy in
overseas markets, or does if need to adjust the local
circumstances- if so how? In particular, should chipotle directly
own and manage its overseas restaurants or should I opt for a joint
venture or franchising?
Complete a porter 5 forces analysis for the firm plus
“1” technology impact?
Case 18 Chipotle Mexican Grill,...
2-4 What effect do you think each of the following factors should have on the interest rate that a firm must pay on a new issue of long-term dele? Indicate whether each factor would tend to raise, lower, or have an indeterminate effect on the interest tate, and then explain why. a. The firm uses bonds rather than a term loun. b. The finnuses debentures rather than first mortgage bonds. c. The firm makes its bonds convertible into common stock....
You should have noticed that there was a large swath of high concentrations of ozone in the Northern Hemisphere from May to September; why would the highest concentration occur during those months? Why are there high ozone concentrations over the North Atlantic Ocean during the summer, despite the lack of large NOx and VOC emissions from the ocean? Why are we focusing on high levels of ozone in the troposphere in this lab while in Lab 2 (Stratospheric Ozone) we...