Preview

What to ask during a factory tour

Satisfactory Essays
Open Document
Open Document
316 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
What to ask during a factory tour
Questions to ask (factory tour):
1. Strategic Role
A. What does this plant aim to do exceptionally well?
i. Low cost? High quality? Quick response? ii. Note doing a certain things? iii. What is he plant’s strategic purpose?
B. Talk to plant’s managers:
i. What is the plant’s role? ii. Do they have priorities and have made decisions that reflect them?
C. Talk to operators:
i. Do they understand the plant’s strategic priorities? ii. Find whether operator’s perception of the plant’s role matches that described by managers
D. Talk to frontline personnel:
i. Do they know whether cost, quality, or flexibility is the highest priority?
1. If they refer only to the particular product they are working on, they may not understand the strategic role of the operation as a whole
E. Find whether a company’s strategy has truly been woven into the fabric of the plant’s day-to-day operations:
i. How is information concerning the plant’s strategic role shared and used in the plant? ii. Who gets the information? iii. Does it drive action? iv. Does each individual understand his/her role in executing the plant’s strategy?
F. What are the KPIs (Key Performance Indicators)?
i. Do the operators focus on performance measures that are clearly tied to the plant’s mission?
G. Are Senior Managers giving plant managers conflicting objectives?
i. Misalignment between top management’s operational objective and plant’s KPIs
H. If plant does not have a clearly defined strategic role, find out why.
2. Structural Alignment:
A. How well its physical equipment & systems fit its strategic role
i. Does the plant have the right equipment for the job?
3. Day-to-Day Management:
A. How well is it being managed on a day-to-day basis?
i. A plant is a set of processes ii. A plant is a set of systems iii. A plant is a community of people

You May Also Find These Documents Helpful

  • Satisfactory Essays

    3. Which one of the following perceptual measures corresponds to a company that is in the internally supportive stage of operational effectiveness?…

    • 1398 Words
    • 9 Pages
    Satisfactory Essays
  • Good Essays

    Select a company to which you have been loyal for several years. Assess the company’s current strategy and the effectiveness of the strategy execution.…

    • 671 Words
    • 3 Pages
    Good Essays
  • Good Essays

    |Did you identify and describe the five core operational strategies and the one ancillary operational | | |…

    • 342 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    STR 581 Week 4 Quiz

    • 341 Words
    • 2 Pages

    3. Which matrix involves a framework that can help ensure that businesses' strategies are consistent with strategies appropriate to their strategic environment?…

    • 341 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Mgt 415 Exam 1 Study Guide

    • 9681 Words
    • 39 Pages

    Format: 55 multiple choice questions and 2 essay questions. Please be able to define the following concepts as well as apply to various situations and scenarios. Also, there were several course concepts we spent more time discussing and engaged in exercises. Please make sure you really understand and can discuss and apply those concepts. Chapter 1 Strategy definition: A company’s strategy consists of the competitive moves and business approaches that managers are employing to compete successfully, improve performance, and grow the business. Strategy is about competing differently from rivals-doing what competitors don’t or, even better, doing what they can’t do. Every strategy needs a distinctive element that attracts customers and produces a competitive edge. Determining winning strategy- the three main questions: Fit Test: How well does the strategy fit the company’s situation? A winning strategy has to be well matched to the industry and competitive conditions, a company’s best market opportunities, and other pertinent aspects of the business environment in which the company operates. Competitive Advantage Test: Can the strategy help the company achieve a sustainable competitive advantage? Strategies that fail to achieve a durable competitive advantage over rivals are unlikely to produce superior performance for more than a brief period of time. Performance Test: Is the strategy producing good company performance? The mark of a winning strategy is strong company performance. Two kinds of performance indicators tell the most about the caliber of a company’s strategy: (1) profitability and financial strength and (2) competitive strength and market standing. Business Model: Sets forth the economic logic for making money in a business, given the company’s strategy. It describes two critical elements: (1) the customer value proposition and (2) the profit formula. The customer value proposition lays out how a company will satisfy the…

    • 9681 Words
    • 39 Pages
    Powerful Essays
  • Powerful Essays

    Unit 9 D1

    • 1327 Words
    • 6 Pages

    b) Evaluate and give at least two key points related to your organisation and your product…

    • 1327 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    1. Create or describe a strategy for your firm, as operationalized by Collis and Rukstad. Be sure to be comprehensive and specific when separately describing your objective/scope/advantage and the subcomponents of each one. As a final portion of your answer, append and describe the activity-system map of your firm. [Figure 1]…

    • 3509 Words
    • 11 Pages
    Better Essays
  • Good Essays

    6 3 Case Study

    • 408 Words
    • 2 Pages

    Performance measures are important for it improves communication internally among their employees and externally between the organization, customers, and stakeholders. After all, Montefiore effective communication for their strategic planning activities is explained in their mission statement, which is to heal, to teach, to discover, and to advance the health of the community that they serve (Kovner & Knickman, 2011).…

    • 408 Words
    • 2 Pages
    Good Essays
  • Good Essays

    3) Strategic organization is that arranged of managerial decisions and exercises that center the long-run execution of an association. Which one of the going hand in hand with is NOT one of the essential segments of the key organization process?…

    • 679 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Quiz For Online Class

    • 387 Words
    • 2 Pages

    Question 2.2. Which of the following processes gives the managers the ability to measure performance accurately and regulate organizational efficiency and effectiveness? (Points : 2)…

    • 387 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Midterm: Variable Cost

    • 1266 Words
    • 6 Pages

    | On the Schedule of Cost of Goods Manufactured, the final Cost of Goods Manufactured figure represents:…

    • 1266 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    One of the key issues is that the strategy and the performance goals of an…

    • 3691 Words
    • 15 Pages
    Powerful Essays
  • Better Essays

    7. Strategy and Implementation: Be specific. Include management responsibilities with dates and budgets. Make sure you can track results.…

    • 1044 Words
    • 5 Pages
    Better Essays
  • Best Essays

    1. Examine the skills that the co-founders apply when they made and implemented the decision to expand into the Zingerman’s Community of Businesses?…

    • 2804 Words
    • 9 Pages
    Best Essays
  • Good Essays

    Stategic Mangement

    • 561 Words
    • 3 Pages

    Q.1 A. What is strategy implementation? How far it is different from strategy formulation? B. Describe in detail the SWOT analysis. What is its significance in organizations? Q.2 A. Discuss in detail the two main styles of strategic leadership. B. Define corporate culture. Also elucidate the statement “Culture is a strength that can also be a weakness”. Q.3 A. Critically explain the BCG matrix. What is six sigma? B. Discuss strategic alternatives with reference to Michael Porter’s strategies Q.4 A. What is strategic change? Explain the change process proposed by Kurt Levin that can be useful in implementing strategies? B. Briefly discuss various elements of macro environment. Q.5 State with reasons which of the following statements are correct/incorrect: a. A core competence is a unique strength of an organization which may not be shared by others. b. Supply chain management is conceptually wider than logistic management. c. Concentric diversification amounts to unrelated diversification. d. Skimming means keeping price very low.…

    • 561 Words
    • 3 Pages
    Good Essays